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 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 對因 本 公 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。 本公告的資料乃遵照香港聯合交易所有限公司GEM（「GEM」）證券上市規則 而 刊 載， 旨 在 提 供 有關 本 公 司 的資 料 ； 董 事 願就 本 公 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 公 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，足以令致本公告或其所載任何陳述產生誤導。 K W NELSON INTERIOR DESIGN AND CONTRACTING GROUP LIMITED K W Nelson Interior Design and Con ...

Financial Performance - The group's revenue decreased by approximately 25.4% to about HKD 21.5 million from approximately HKD 28.9 million in the previous year[7]. - Gross profit fell to approximately HKD 6.8 million, a decrease of about 19.7% from last year's HKD 8.4 million[7]. - The group recorded a loss attributable to owners of approximately HKD 3.3 million, compared to a loss of HKD 5.7 million in the previous year[8]. - Revenue from office property projects decreased by HKD 4.9 million, while revenue from elderly care projects increased by HKD 2.2 million[38]. - The gross profit margin for office property projects decreased from approximately 29.3% last year to about 26.6% this year[41]. - The gross profit margin for elderly care projects increased significantly from approximately 4.7% last year to about 54.8% this year[41]. - The company completed several office property and elderly care projects during the year, indicating a cautious recovery in the market[34]. - Sales and distribution expenses slightly increased to HKD 1.3 million this year from HKD 1.2 million last year, primarily due to increased employee costs[44]. - Administrative expenses decreased from approximately HKD 14.1 million last year to about HKD 11.1 million this year, mainly due to a reduction in employee costs[45]. - The group recognized a provision for trade receivables and contract assets loss of HKD 0.4 million for the year ended December 31, 2024, compared to an impairment loss of HKD 0.9 million in 2023[49]. - As of December 31, 2024, the group had net current assets of approximately HKD 60.1 million, down from HKD 62.0 million in 2023, with cash and cash equivalents of about HKD 9.0 million[50]. - The current ratio increased to approximately 19.4 times as of December 31, 2024, compared to 15.7 times in 2023, primarily due to an increase in trade and other receivables[50]. - The group maintained a strong liquidity position with no outstanding borrowings as of December 31, 2024, due to no significant debt financing needs during the year[50]. - The group had unutilized bank financing of HKD 2.0 million as of December 31, 2024, consistent with the previous year[50]. - The company’s available distributable reserves as of December 31, 2024, are approximately HKD 54.6 million, up from HKD 36.0 million in 2023[78]. Market Outlook - The company anticipates a recovery in demand for office property renovations as market sentiment improves[9]. - The aging population in Hong Kong is expected to drive the demand for more healthcare centers, medical clinics, and laboratories[9]. - The company remains cautiously optimistic about the external economic environment and market developments[9]. - New contracts awarded have not yet reached pre-pandemic levels, but the company believes it has weathered the most challenging period[9]. Management and Governance - The company has a strong management team with diverse backgrounds in finance, project management, and design, enhancing its operational capabilities[21]. - The company is committed to maintaining high standards of financial management and corporate governance, as evidenced by the qualifications of its board members[31]. - The board includes members with extensive experience in both local and international markets, contributing to strategic decision-making[28]. - The company has a strong governance structure with independent non-executive directors overseeing key committees such as the Audit and Remuneration Committees[27]. - The company has established a clear framework for corporate governance functions, which was reviewed and executed during the year[159]. - The board consists of six members, including three executive directors and three independent non-executive directors[127]. - The company has complied with all corporate governance code provisions, except for a deviation from provision C.2.1[126]. - The company has established a procedure for directors to seek independent professional advice at the company's expense[147]. - The company has implemented a system for continuous professional development for all directors, including participation in seminars and reading relevant materials[147]. Risk Management - The company has established a risk management team that includes operational staff and the company secretary to execute risk identification and monitoring procedures[167]. - The risk management procedures have been reviewed this year, and the board considers them effective and sufficient[168]. - The internal control system is reviewed at least annually, and an independent external consultant has been appointed to assess its effectiveness[165]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the GEM listing rules[162]. - The board is committed to maintaining an effective internal control system to protect shareholders' interests and the group's assets[166]. Shareholder Relations - The company encourages two-way communication with institutional and private investors, enhancing investor relations[173]. - The annual general meeting was held on June 7, 2024, providing a platform for direct communication between the board and shareholders[174]. - The board has confirmed the effectiveness of the shareholder communication policy during the review this year[175]. Environmental, Social, and Governance (ESG) - The company emphasizes its commitment to integrating Environmental, Social, and Governance (ESG) principles into all aspects of its operations[182]. - The board is responsible for assessing and determining the company's ESG-related risks and ensuring effective risk management and internal control systems are in place[186]. - The company aims to minimize its environmental footprint by prioritizing sustainable material procurement, energy-saving solutions, and waste reduction practices[182]. - The ESG report is prepared in accordance with the Hong Kong Stock Exchange's guidelines, ensuring compliance with all relevant regulations[187]. - Stakeholder engagement is actively pursued to identify and address ESG issues, with various communication channels established for different stakeholder groups[192]. - The group strictly adhered to applicable environmental laws and regulations during the reporting period, ensuring compliance with the Environmental Impact Assessment Ordinance and Waste Disposal Ordinance[200]. - The project team actively collaborates with subcontractors to meet environmental protection requirements in interior renovation projects[200]. - Regular inspections are conducted to monitor subcontractors' environmental performance and ensure compliance with environmental regulations[200]. - The group identified 22 key environmental, social, and governance (ESG) issues that are most important to its business and stakeholders[195].

Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue decreased by approximately 25.4% to about HKD 21.5 million from HKD 28.9 million in the previous year[6]. - The group's gross profit fell to approximately HKD 6.8 million, a decrease of about 19.7% from HKD 8.4 million last year[6]. - The company recorded a loss attributable to owners of approximately HKD 3.3 million, compared to a loss of HKD 5.7 million in the previous year[6]. - The total comprehensive loss attributable to owners was HKD 3.42 million, down from HKD 5.76 million last year[8]. - The company reported a basic and diluted loss per share of HKD 0.4, compared to HKD 0.6 in the previous year[7]. - The company reported a total comprehensive loss of HKD 5,764 million for the year ended December 31, 2024[13]. - Revenue decreased by approximately 25.4% to about HKD 21.5 million from approximately HKD 28.9 million in the previous year, primarily driven by a decline in office property project revenues[49]. - The group recorded a loss of approximately HKD 3.3 million for the year, compared to a loss of HKD 5.7 million in the previous year[65]. Dividends and Shareholder Matters - The board proposed a final dividend of HKD 0.02 per share for the year, compared to no dividend last year, pending shareholder approval[6]. - The company will propose a final dividend of HKD 0.02 per share for the current year, compared to no dividend last year[80]. - The annual general meeting is scheduled for June 13, 2025, to discuss shareholder matters[81]. - The company will suspend share transfer registration from June 10, 2025, to June 13, 2025, to determine eligibility for attending the annual general meeting[82]. - The company will also suspend share transfer registration from June 19, 2025, to June 23, 2025, for shareholders to qualify for the proposed final dividend[83]. Expenses and Cost Management - Administrative expenses decreased to HKD 11.1 million from HKD 14.1 million, reflecting a reduction of approximately 21.2%[7]. - The sales and distribution expenses slightly increased to HKD 1.3 million from HKD 1.2 million due to an increase in employee costs[61]. - Administrative expenses decreased from approximately HKD 14.1 million to about HKD 11.1 million, primarily due to a reduction in employee costs and director remuneration[62]. Assets and Liabilities - Total assets decreased from HKD 69,634 million in 2023 to HKD 66,115 million in 2024, a decline of approximately 3.6%[10]. - Current assets decreased from HKD 66,233 million in 2023 to HKD 63,406 million in 2024, a reduction of about 4.2%[10]. - Total liabilities remained relatively stable, with a slight decrease from HKD 4,334 million in 2023 to HKD 4,316 million in 2024[11]. - Equity attributable to owners decreased from HKD 65,300 million in 2023 to HKD 61,799 million in 2024, a decline of approximately 5.5%[13]. - Cash and cash equivalents decreased significantly from HKD 19,062 million in 2023 to HKD 9,040 million in 2024, a drop of about 52.6%[10]. - Trade and other receivables increased from HKD 3,987 million in 2023 to HKD 8,001 million in 2024, an increase of approximately 100.4%[10]. - The company’s lease liabilities increased from HKD 277 million in 2023 to HKD 440 million in 2024, an increase of about 58.9%[11]. - The company’s retained earnings decreased from HKD 30,315 million in 2023 to HKD 26,895 million in 2024, a decline of approximately 11.9%[13]. - The company’s financial assets measured at fair value through other comprehensive income decreased by HKD 63 million during the year[13]. Market and Operational Insights - The company has completed several office property and elderly care projects during the year, although new contract amounts have not yet reached pre-pandemic levels[50]. - The company anticipates a recovery in demand for office property renovations as market stabilization measures are implemented and market sentiment improves[50]. - The company faced challenges from rising raw material inflation and low consumer confidence, impacting renovation demand for office properties[50]. - The group expects continued growth in the interior design and renovation market, particularly in healthcare-related facilities, driven by increasing public awareness of health issues and an aging population in Hong Kong[51]. - The group plans to continue investing more resources to undertake larger projects and explore new business opportunities to maximize long-term shareholder returns[51]. - Revenue from office projects accounted for 79.0% of total revenue in 2024, down from 90.0% in 2023, while revenue from elderly care facilities increased to 15.9% from 4.1%[52]. - The gross profit margin for office projects decreased from approximately 29.3% in 2023 to about 26.6% in 2024, while the gross profit margin for elderly care facilities increased significantly from 4.7% to 54.8%[57][58]. - The overall gross profit margin improved slightly from about 29.2% in the previous year to approximately 31.4% in the current year[60]. Governance and Compliance - The group has adopted new and revised standards effective from January 1, 2024, with no significant impact expected on current or future periods[22]. - The group is currently reassessing its accounting policy disclosures to ensure compliance with regulations[25]. - The group has not recognized any deferred tax liabilities due to the absence of taxable profits in the reporting periods[35]. - The audit committee has reviewed the accounting principles and practices adopted by the group and found no objections from the auditors regarding the accounting policies[85]. - The company has established an audit committee in compliance with GEM listing rules and corporate governance codes, ensuring effective oversight of financial reporting and risk management[84]. - The board of directors has confirmed that all directors have adhered to the trading rules during the year[77]. - The group has adhered to all corporate governance principles and guidelines, with no significant deviations noted during the year[75]. Staffing and Human Resources - The group employed 13 staff members as of December 31, 2024, an increase from 12 in 2023, and regularly reviews compensation to attract and retain talent[72]. Financial Management - The group has implemented prudent financial management measures to maintain a healthy liquidity position throughout the year[70]. - The group had no outstanding borrowings as of December 31, 2024, consistent with 2023, indicating no significant debt financing needs during the year[68]. - The group maintained a stable capital structure with total equity of approximately HKD 61.8 million as of December 31, 2024, down from HKD 65.3 million in 2023[68]. - The group had no significant capital commitments or major investments planned for the year, nor any major acquisitions or disposals of subsidiaries or joint ventures[73]. Miscellaneous - The group did not incur any taxable profits for Hong Kong profits tax, resulting in no provisions for the financial statements[33]. - The group did not experience significant impacts from foreign exchange fluctuations during the year, as most transactions were conducted in Hong Kong dollars[70]. - There are no significant events that require disclosure from December 31, 2024, to the date of this announcement[79]. - The announcement is published in accordance with GEM listing rules to provide information about the company[89]. - Directors collectively and individually assume full responsibility for the accuracy and completeness of the information provided in the announcement[89]. - The announcement will be available on the GEM website for at least seven days from the publication date[90].

K W NELSON INTERIOR DESIGN AND CONTRACTING GROUP LIMITED （於開曼群島註冊成立之有限公司） （股份代號：8411） 截至二零二四年六月三十日止六個月 中期業績公告 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公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確 表示概不就因本公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。 本公告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關K W Nelson Interior Design and Contracting Group Limited（「本公司」）的資料。本公司各董 ...

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 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 對因 本 公 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。 K W NELSON INTERIOR DESIGN AND CONTRACTING GROUP LIMITED （ 於開曼群島註冊成立的有限公司） （股份代號：8411） 有關截至二零二三年十二月三十一日止年度年報之 補充公告 茲提述K W Nelson Interior Design and Contracting Group Limited（「本公司」）截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 之 年 報（「二 零 二 三 年 年 報」）。 除 文 義 另 有 界定 者 外 ， 本 公告 所 用 的 詞彙 與 二 零 二 三年 年 報 所 界 定者 具 有 相 同涵 義。 根據GEM上市規則第23.09 (3)條，即要求本 ...

Financial Performance - The group's revenue decreased by approximately 32.1% from about HKD 42.5 million in the previous year to about HKD 28.9 million in the current year[7]. - Gross profit fell from approximately HKD 12.0 million to about HKD 8.4 million, representing a decrease of about 29.4%[7]. - The company recorded a loss attributable to owners of approximately HKD 5.7 million, compared to a loss of HKD 3.4 million in the previous year[8]. - For the fiscal year ending December 31, 2023, the company's revenue decreased by approximately 32.1% to about HKD 28.9 million from approximately HKD 42.5 million in the previous year[38]. - The company's gross profit fell to approximately HKD 8.4 million, a decrease of about 29.4% from last year's gross profit of approximately HKD 12.0 million[38]. - The company recorded a loss of approximately HKD 5.7 million for the year, compared to a loss of HKD 3.4 million in the previous year[55]. - Revenue from design and renovation projects fell from HKD 40.3 million to HKD 22.1 million, primarily due to a decrease of HKD 26.7 million from elderly care homes and HKD 3.5 million from medical center projects[46]. Market Opportunities and Strategy - The company believes that the aging population in Hong Kong will lead to an increase in healthcare centers, medical clinics, and elderly care homes to meet healthcare demands[9]. - The company plans to focus on the healthcare sector to secure design and renovation projects[9]. - The company aims to invest more resources in developing interior design and renovation businesses for commercial spaces and medical centers to enhance long-term shareholder returns[9]. - The company aims to explore new market opportunities and expand its service offerings in the interior design sector[18]. - The company aims to benefit from the growing demand for design and renovation projects in the healthcare sector due to increasing public awareness of health issues and an aging population in Hong Kong[41]. Operational Improvements - K W Nelson has been focusing on improving its project management services, leveraging the expertise of its design team to optimize operations[17]. - The management team is committed to continuous professional development, ensuring that the company stays competitive in the evolving market[26]. - The company has expanded its team with professionals like Mr. Huang, who has approximately 20 years of experience in 3D interior design, enhancing its design capabilities[18]. - The company is actively involved in various industry associations, which may enhance its market presence and networking opportunities[26]. Financial Position and Liquidity - As of December 31, 2023, the group had a net current asset value of approximately HKD 62.0 million, down from HKD 68.3 million in 2022, including cash and cash equivalents of about HKD 19.1 million[60]. - The current ratio as of December 31, 2023, was approximately 15.7 times, an increase from 10.8 times in 2022, primarily due to a decrease in contract liabilities[60]. - The group had no outstanding borrowings as of December 31, 2023, consistent with 2022, due to no significant debt financing needs during the year[60]. - The group maintained a stable liquidity position throughout the year, with no significant impact from exchange rate fluctuations, as most transactions were denominated in HKD[62]. Client Dependency and Risks - The company relies on its top five clients for over 50% of total revenue, with the largest client accounting for 51.0% of sales[97]. - The total revenue from the top five clients constitutes 88.8% of the company's sales, indicating a high dependency on a limited client base[97]. - The company does not have long-term contracts with its clients, which poses a risk to its business operations and financial performance if clients choose not to engage its services in the future[97]. - The company has no long-term contracts with subcontractors, which may lead to operational delays and impact its reputation and financial performance[97]. - The company’s payable costs to subcontractors represent a major service cost, and unexpected increases in these costs could adversely affect its performance and profitability[97]. Corporate Governance - The board includes independent non-executive directors with extensive experience in finance and investment management, contributing to strategic oversight[23]. - The board consists of six members, including three executive directors and three independent non-executive directors, complying with GEM listing rules[137]. - The board has established a diversity policy aiming for at least one-third of its members to be independent non-executive directors and at least one member with accounting or other professional qualifications[153]. - The company has provided all directors with training materials regarding their responsibilities and relevant regulations to ensure compliance with good corporate governance practices[158]. - The board meets at least four times a year, with meeting notifications sent at least 14 days in advance[160]. Sustainability and Social Responsibility - The company has implemented green office measures to promote sustainability, including resource efficiency and waste reduction initiatives[81]. - The environmental, social, and governance (ESG) report covers the company's performance in these areas during the reporting period from January 1, 2023, to December 31, 2023[197]. - Key performance indicators (KPIs) have been established for effective measurement and comparison of significant environmental and social issues[198]. Shareholder Relations - The company encourages two-way communication with institutional and private investors to enhance investor relations[183]. - The company has established procedures for shareholders to propose matters at general meetings, requiring a written request to the board[189]. - The company secretary has participated in professional training to enhance skills and knowledge, ensuring effective communication between the board and shareholders[188].

Financial Performance - For the year ended December 31, 2023, the group's revenue decreased by 32.1% to approximately HKD 28.9 million from approximately HKD 42.5 million for the year ended December 31, 2022[5]. - The group's gross profit fell to approximately HKD 8.4 million, a decrease of about 29.4% from approximately HKD 12.0 million in the previous year[5]. - The company recorded a loss attributable to owners of approximately HKD 5.7 million, compared to a loss of HKD 3.4 million in the previous year[5]. - Operating loss increased to approximately HKD 6.0 million from HKD 3.0 million in the previous year[6]. - The total comprehensive loss attributable to owners for the year was approximately HKD 5.8 million, compared to HKD 3.2 million in the previous year[7]. - The company reported a loss of HKD 5,686 million for the year ended December 31, 2023, compared to a loss of HKD 3,402 million in the previous year[12]. - The company’s total comprehensive loss for the year was HKD 5,764 million, reflecting a significant increase in losses compared to the previous year[12]. - Basic loss per share increased to HKD 0.6 in 2023 compared to HKD 0.4 in 2022, reflecting a deterioration in financial performance[32]. Revenue Sources - The company experienced a decrease in revenue primarily driven by reduced income from elderly care and medical center projects, partially offset by increased income from office property projects[5]. - Revenue from office and elderly care projects accounted for 94.1% of total revenue, amounting to HKD 27.2 million, compared to HKD 37.9 million (89.1%) in the previous year[48]. Assets and Liabilities - Total assets decreased from HKD 80,359 million in 2022 to HKD 69,634 million in 2023, a decline of approximately 13.3%[9]. - Total liabilities decreased from HKD 8,136 million in 2022 to HKD 4,334 million in 2023, a reduction of approximately 46.7%[10]. - Equity attributable to owners decreased from HKD 72,218 million in 2022 to HKD 65,300 million in 2023, a decline of approximately 9.5%[12]. - Cash and cash equivalents decreased from HKD 25,116 million in 2022 to HKD 19,062 million in 2023, a decline of approximately 24.2%[9]. - The company’s retained earnings decreased from HKD 38,811 million in 2022 to HKD 33,125 million in 2023, a decline of approximately 14.7%[12]. Expenses and Costs - Administrative expenses decreased to approximately HKD 14.1 million from HKD 15.3 million in the previous year[6]. - Sales and distribution expenses increased from HKD 0.9 million to HKD 1.2 million due to an increase in employee costs[56]. - Rental liabilities interest expense decreased to HKD 27,000 in 2023 from HKD 52,000 in 2022, indicating improved cost management[28]. Corporate Governance - The group has adopted corporate governance practices in line with GEM listing rules, ensuring compliance with all governance principles[72]. - The board of directors has established an audit committee in compliance with GEM listing rules, which consists of three members as of December 31, 2023[84]. - The board believes that the current governance structure does not weaken the powers of the board and management, and will continue to review the effectiveness of the corporate governance framework[73]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with trading rules prior to financial announcements[79]. Future Outlook - The group plans to invest more resources to undertake larger projects and explore new business opportunities to maximize long-term returns for shareholders[47]. - The group remains cautiously optimistic about the recovery of the interior design and renovation market, particularly in commercial spaces, medical centers, and elderly care facilities[47]. - The group expects demand for office renovation to rebound as market sentiment stabilizes and pandemic-related restrictions are lifted[46]. Miscellaneous - The company has not provided specific guidance for future performance or new product developments in the current report[5]. - The company has not yet adopted new standards that are effective from January 1, 2024, which are not expected to have a significant financial impact[20]. - The company will hold its annual general meeting on June 7, 2024, with details to be sent to shareholders in due course[81].

K W NELSON INTERIOR DESIGN AND CONTRACTING GROUP LIMITED （於開曼群島註冊成立之有限公司） （股份代號：8411） 截至二零二三年九月三十日止九個月 第三季度業績公告 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。 本公告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關K W Nelson Interior Design and Contracting Group Limited（「本公司」）的資料。本公司各董事 ...

Financial Performance - For the nine months ended September 30, 2023, the group's revenue decreased by approximately 44.7% to about HKD 22.9 million from approximately HKD 41.4 million in the same period last year[5]. - The gross profit for the same period fell by about 51.7%, from approximately HKD 12.5 million to about HKD 6.1 million[5]. - The company recorded a loss attributable to owners of approximately HKD 4.3 million, compared to a profit of HKD 57,000 in the previous year[5]. - The operating loss for the nine months was approximately HKD 4.4 million, compared to an operating profit of HKD 455,000 in the previous year[6]. - Total comprehensive loss attributable to owners for the nine months was approximately HKD 4.43 million, compared to a total comprehensive income of HKD 33,000 in the previous year[9]. - The company reported a basic and diluted loss per share of HKD 0.45 for the nine months ended September 30, 2023, compared to earnings of HKD 0.01 per share in the previous year[6]. - For the three months ended September 30, 2023, the company reported a loss attributable to shareholders of approximately HKD 2.84 million, compared to a profit of HKD 2.29 million in the same period last year[28]. Revenue Sources - The company reported a significant decrease in revenue primarily driven by reduced income from design and renovation projects for elderly homes and medical centers[5]. - Revenue from design and renovation projects dropped from HKD 39.2 million to HKD 20.7 million, primarily due to a decrease of HKD 25.9 million and HKD 3.5 million from elderly homes and medical center projects, respectively[45]. - For the nine months ended September 30, 2023, external customer revenue from Hong Kong was HKD 22,901,000, a decrease of 44.6% compared to HKD 41,438,000 for the same period in 2022[20]. Cost Management - Material and subcontracting costs for the nine months ended September 30, 2023, were HKD 15,582,000, down 42.5% from HKD 27,024,000 in the same period of 2022[22]. - Total administrative expenses for the nine months ended September 30, 2023, amounted to HKD 27,388,000, a decrease of 34.5% compared to HKD 41,867,000 for the same period in 2022[22]. - Administrative expenses decreased from approximately HKD 12.4 million to about HKD 9.7 million, attributed to a reduction in legal fees and employee bonuses[50]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of a dividend for the current period, while a mid-term dividend of HKD 0.05 was declared for the six months ended June 30, 2022[5]. - The board of directors did not recommend the distribution of dividends for the nine months ended September 30, 2023, consistent with the previous year[30]. Market Outlook and Strategy - The company remains cautiously optimistic about the recovery of the office property renovation demand as market stabilization measures are implemented and market sentiment improves[41]. - The company plans to strengthen its responsiveness to market trends and continue its business expansion plans, particularly in the commercial and healthcare sectors[42]. - The company will invest more resources to undertake larger projects and explore new business opportunities to maximize long-term returns for shareholders[42]. Employee and Corporate Governance - The group had a total of 15 employees as of September 30, 2023, an increase from 12 employees as of December 31, 2022[61]. - The company has complied with the corporate governance code as per GEM Listing Rules, except for a deviation regarding the separation of the roles of Chairman and CEO[78]. - The audit committee, established in November 2016, consists of three members and oversees financial reporting and risk management[82]. Shareholder Information - As of September 30, 2023, Mr. Liu Jingwei holds 750,000,000 shares, representing a 75% ownership stake in the company[66]. - Sino Emperor Group Limited, fully owned by Mr. Liu Jingwei, also holds 750,000,000 shares, equating to a 75% ownership[68]. - The total number of issued shares as of September 30, 2023, is 1,000,000,000[67]. - During the period, the company purchased a total of 7,420,000 shares under the share incentive plan, at a total cost of approximately HKD 1.0 million[75]. - The company aims to retain participants and encourage contributions to its growth through the share incentive plan adopted on May 17, 2021[74].

Financial Performance - For the six months ended June 30, 2023, the group's revenue decreased by approximately 39.5% to about HKD 21.4 million, compared to HKD 35.5 million for the same period last year[5]. - The gross profit for the period fell to approximately HKD 5.7 million, down from HKD 7.1 million in the previous year[5]. - The loss attributable to owners of the company was approximately HKD 1.5 million, compared to a loss of HKD 2.2 million in the same period last year[5]. - The company reported a net loss of HKD 1,468,000 for the six months ended June 30, 2023, compared to a net loss of HKD 2,235,000 for the same period in 2022, representing a 34.3% improvement in losses year-over-year[13]. - Total comprehensive loss for the six months ended June 30, 2023, was HKD 1,708,000, compared to HKD 2,336,000 for the same period in 2022, indicating a 26.8% reduction in comprehensive losses[13]. - The company reported a basic loss per share of HKD 0.15 for the six months ended June 30, 2023, compared to HKD 0.23 for the same period in 2022, indicating a 34.8% improvement[33]. Dividend and Equity - The board of directors did not recommend the payment of an interim dividend for this period, whereas an interim dividend of HKD 0.05 per share was declared in the previous year[5]. - The total equity attributable to owners of the company decreased to HKD 69.6 million from HKD 72.2 million at the end of the previous year[11]. - The company did not pay any dividends during the six months ended June 30, 2023, compared to HKD 3,000,000 in dividends paid in the same period of 2022[15]. Assets and Liabilities - The total assets as of June 30, 2023, amounted to HKD 74.0 million, a decrease from HKD 80.4 million as of December 31, 2022[11]. - Cash and cash equivalents increased to HKD 55.2 million from HKD 25.1 million at the end of the previous year[11]. - Trade and other receivables rose to HKD 7.4 million from HKD 4.0 million as of December 31, 2022[11]. - The total trade and other payables rose to HKD 3,632 thousand, up from HKD 2,511 thousand as of December 31, 2022[14]. - Trade payables increased significantly to HKD 2,633 thousand from HKD 1,137 thousand year-on-year[14]. - As of June 30, 2023, total equity amounted to HKD 69,593,000, a decrease from HKD 121,393,000 as of June 30, 2022[13]. Cash Flow - Cash and cash equivalents increased by HKD 30,195,000 during the six months ended June 30, 2023, compared to a decrease of HKD 13,037,000 in the same period of 2022[15]. - The company generated a net cash outflow of HKD 8,013,000 from operating activities for the six months ended June 30, 2023, compared to HKD 6,510,000 for the same period in 2022, reflecting a 23.0% increase in cash outflow[15]. - Investment activities resulted in a net cash inflow of HKD 39,375,000 for the six months ended June 30, 2023, compared to a net cash outflow of HKD 364,000 in the same period of 2022[15]. Operational Highlights - The company has one operating segment, which is the provision of interior design, project management services, and interior decoration works[23]. - The company focuses on interior design and contracting services primarily for commercial spaces in Hong Kong[56]. - The decrease in revenue was primarily driven by a reduction in design and renovation projects for elderly homes and medical centers[56]. - The group plans to strengthen its market responsiveness and continue its business expansion plans to capitalize on the growing demand for design and renovation projects[59]. - The group will continue to invest more resources in large projects to further develop its interior design and renovation business[59]. Employee and Management - As of June 30, 2023, the group had 14 employees, an increase from 12 employees as of December 31, 2022[79]. - The management's remuneration for the six months ended June 30, 2023, was HKD 3,951 thousand, down from HKD 5,537 thousand in the previous year[51]. Governance and Compliance - The company has complied with the corporate governance code, except for a deviation from the principle that the roles of chairman and CEO should be separated[93]. - The audit committee, consisting of three members, reviewed the unaudited consolidated interim financial results and confirmed compliance with applicable accounting standards and GEM listing rules[97]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance during the reporting period[96].