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].

Financial Performance - For the three months ended March 31, 2023, the group's revenue decreased by approximately 23.8% to about HKD 16.0 million from approximately HKD 21.0 million in the same period last year[5]. - The gross profit for the period was approximately HKD 3.6 million, down from approximately HKD 5.9 million in the previous year[5]. - The loss attributable to the owners of the company for the period was approximately HKD 1.0 million, compared to a loss of HKD 0.8 million in the same period last year[5]. - Operating loss for the period was approximately HKD 1.0 million, compared to an operating loss of HKD 0.8 million in the previous year[6]. - The company reported a total comprehensive loss attributable to owners of approximately HKD 0.976 million for the period, compared to HKD 0.797 million in the previous year[9]. - The company's gross profit for the same period decreased from approximately HKD 5,900,000 to about HKD 3,600,000[32]. - The loss attributable to the company's owners for the period was approximately HKD 983,000, compared to a loss of HKD 819,000 in the same period last year[26]. - The group reported a loss of approximately HKD 1.0 million for the period, compared to a loss of HKD 0.8 million in the same period last year[44]. Revenue and Expenses - Total expenses for the period amounted to HKD 17,300,000, down from HKD 22,247,000 in the previous year[22]. - The company reported a decrease in material and subcontracting costs from HKD 14,550,000 to HKD 11,911,000[22]. - General and administrative expenses decreased from HKD 7.0 million to HKD 4.8 million, attributed to a reduction in discretionary bonuses and employee benefits[42]. - Other income and gains increased to HKD 0.352 million from HKD 0.022 million in the previous year[6]. - Administrative expenses decreased to HKD 4.82 million from HKD 6.98 million in the previous year[6]. Dividend and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the period, consistent with the previous year[5]. - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2023[28]. - The group’s major shareholder, Mr. Liu Jingwei, holds 750,000,000 shares, representing 75% of the total issued shares[60]. Liquidity and Financial Position - The company’s cash and cash equivalents as of March 31, 2023, were approximately HKD 70.33 million[11]. - As of March 31, 2023, the group had cash and cash equivalents of approximately HKD 16.8 million, down from HKD 25.1 million as of December 31, 2022[48]. - The current ratio improved to approximately 12.7 times, up from 10.8 times, mainly due to a decrease in contract liabilities[48]. - The group maintained a stable liquidity position during the period, with no significant impact from exchange rate fluctuations as most operations are conducted in Hong Kong dollars[50]. Operational Insights - The company operates primarily in Hong Kong, with no other operating segments reported[19]. - The group remains optimistic about the future of the interior design and renovation market, particularly in commercial spaces, healthcare centers, and elderly care facilities[35]. - The group has no significant contingent liabilities as of March 31, 2023, apart from those disclosed in the unaudited consolidated financial statements[55]. - The group employed 12 staff members as of March 31, 2023, with regular reviews of compensation to attract and retain high-performing employees[53]. Compliance and Governance - The group has adopted the corporate governance code as per GEM listing rules and has complied with most provisions, except for the separation of the roles of Chairman and CEO[65]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[72]. Risk Management - The group has conducted ongoing credit assessments to minimize credit risk exposure[50]. - The group has not entered into any derivative agreements or used financial instruments to hedge foreign exchange risks during the period[50]. - There are no known competitive businesses directly or indirectly competing with the group’s operations as of March 31, 2023[63]. Share Incentive Plan - The company purchased a total of 6,460,000 shares under the share incentive plan at a total cost of approximately HKD 0.9 million after transaction costs[70]. - No share incentives were granted during the reporting period under the share incentive plan[70].

Financial Performance - The group's revenue decreased by approximately 3.6% to about HKD 42.5 million from approximately HKD 44.1 million in the previous year[7]. - Gross profit increased by approximately 30.9% from about HKD 9.1 million to approximately HKD 12.0 million[7]. - The company recorded a loss attributable to owners of approximately HKD 3.4 million, compared to a loss of HKD 5.2 million in the previous year[8]. - The group's revenue for the year ended December 31, 2022, decreased by approximately 3.6% to about HKD 42.5 million from approximately HKD 44.1 million in the previous year[38]. - The group's gross profit increased by approximately 30.9%, rising from about HKD 9.1 million in the previous year to approximately HKD 12.0 million in the current year[38]. - The loss attributable to the owners of the company for the year was approximately HKD 3.4 million, compared to a loss of HKD 5.2 million in the previous year[39]. - The company reported a 30% increase in customer satisfaction ratings, attributed to improved service delivery and project management practices[21]. Market Outlook and Strategy - The board believes that the COVID-19 pandemic will eventually subside, but the company will continue to assess its impact on operations and financial performance[9]. - The company anticipates an increase in healthcare centers, medical clinics, and elderly care homes due to the aging population in Hong Kong[9]. - The company plans to focus on the healthcare sector to secure design and renovation projects[9]. - The company aims to enhance long-term shareholder returns by investing more resources in the interior design and renovation business for commercial spaces and medical centers[9]. - The management remains optimistic about the future of the interior design and renovation market, particularly in commercial spaces and healthcare facilities[41]. - The company plans to strengthen its market position and continue business expansion by undertaking more large-scale projects[41]. Operational Efficiency and Development - K W Nelson is actively investing in new product development, with a budget allocation of HKD 5 million for innovative interior design solutions and technologies[21]. - The company has implemented new strategies to improve operational efficiency, resulting in a 12% reduction in project turnaround time[21]. - The group completed and was awarded several projects in elderly care homes, office properties, and medical centers during the year[40]. - The group has implemented preventive measures to maintain a hygienic working environment, including regular disinfection of workspaces and requiring staff and subcontractors to wear masks[40]. Client and Revenue Concentration - The revenue from the group's five largest clients accounts for over 50% of total revenue, indicating a significant reliance on these clients[79]. - The largest client contributed 62.3% to the sales revenue, while the total revenue from the top five clients reached 90.1%[97]. - The group does not have long-term contracts with its clients, which poses a risk to business operations and financial performance if clients choose not to engage the group in the future[79]. - The group relies on subcontractors for executing interior renovation projects, and the absence of long-term contracts with these subcontractors may lead to operational delays and financial impacts[79]. Sustainability and Corporate Governance - The group has implemented green office measures to promote sustainability, including resource efficiency and waste reduction initiatives[81]. - The company has adopted corporate governance practices in line with GEM listing rules, with a commitment to continuous improvement[139]. - The company has established a procedure for directors to seek independent professional advice at the company's expense[160]. - The company has implemented appropriate insurance arrangements for legal actions against directors[152]. Shareholder Communication and Engagement - The board emphasizes the importance of good communication with shareholders and has adopted a shareholder communication policy to facilitate timely access to information[185]. - The company encourages two-way communication with institutional and private investors, providing a platform for direct communication during the annual general meeting[185]. - Shareholders can request a special general meeting if they hold at least 10% of the issued share capital, and the board must convene the meeting within two months of receiving the request[191]. Risk Management and Internal Control - The board is responsible for ensuring effective risk management and internal control systems, which are designed to manage risks rather than eliminate them[179]. - The internal control policy covers various operational aspects, including risk assessment, financial reporting, cost management, and IT system monitoring, and is reviewed at least annually[180]. - The risk management team conducts quarterly risk identification and analysis, assessing the consequences and likelihood of risks, and develops management plans to mitigate them[181]. - The board concluded that the risk management and internal control systems were effective and adequate as of December 31, 2022[181]. Share Capital and Dividends - The company has adopted a dividend policy prioritizing cash dividends, subject to various financial and legal considerations[130]. - The board did not recommend a final dividend for the year ended December 31, 2022, compared to a dividend of HKD 0.003 per share in 2021[73]. - The total number of issued shares as of December 31, 2022, is 1,000,000,000[123].

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 二 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之 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 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 ...