Asia Grocery Distribution Limited 亞洲雜貨有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8413 ANNUAL REPORT 2021 年報 2021 年 報 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市的市場。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之內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲雜貨有限公司（「本公司」）之資料， 本公司董事（「董事」）願就本報告之內容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，據彼等 所深知及確信，本報告所載之資料於 ...

Financial Performance - The group recorded revenue of approximately HKD 176,930,000 for the nine months ended December 31, 2020, compared to HKD 149,084,000 for the same period in 2019, representing an increase of 18.7%[4] - Profit attributable to owners of the company for the nine months ended December 31, 2020, was approximately HKD 2,196,000, up from HKD 678,000 for the same period in 2019, reflecting a growth of 224.3%[4] - Gross profit for the nine months ended December 31, 2020, was HKD 35,418,000, compared to HKD 36,257,000 for the same period in 2019, indicating a slight decrease of 2.3%[4] - The company reported a pre-tax profit of HKD 2,502,000 for the nine months ended December 31, 2020, compared to HKD 1,066,000 for the same period in 2019, marking an increase of 134.0%[4] - The company’s total comprehensive income for the nine months ended December 31, 2020, was HKD 2,196,000, compared to HKD 678,000 for the same period in 2019, reflecting a growth of 224.3%[4] - Other income for the nine months ended December 31, 2020, was HKD 2,513,000, compared to HKD 408,000 for the same period in 2019, representing a significant increase of 516.4%[4] - For the three months ended December 31, 2020, total revenue was HKD 72,570,000, an increase of 43.7% compared to HKD 50,479,000 for the same period in 2019[23] - The revenue from packaged food increased significantly to HKD 31,249,000 for the three months ended December 31, 2020, compared to HKD 11,463,000 in the same period of 2019, representing a growth of 173.5%[23] - Basic earnings per share for the nine months ended December 31, 2020, were HKD 2,196,000, compared to HKD 678,000 in the same period of 2019, indicating a significant increase[36] Expenses and Costs - Total sales and distribution expenses for the nine months ended December 31, 2020, were HKD 17,136,000, compared to HKD 16,961,000 for the same period in 2019, showing an increase of 1.0%[4] - The total employee costs for the nine months ended December 31, 2020, amounted to HKD 12,388,000, an increase of 7.2% from HKD 11,552,000 in the same period of 2019[31] - The cost of sales for the nine months ended December 31, 2020, was approximately HKD 141,512,000, an increase of about 25.4% from approximately HKD 112,827,000 for the same period in 2019[44] - Administrative expenses increased from approximately HKD 17,672,000 to about HKD 18,060,000, mainly due to rising employee costs and legal fees[50] - Financing costs rose to approximately HKD 217,000 from about HKD 6,000 in the same period of 2019[51] Dividends and Shareholder Information - The board of directors did not recommend the payment of any dividend for the nine months ended December 31, 2020, consistent with the previous year[4] - The company did not declare or recommend any dividends for the nine months ended December 31, 2020, consistent with the previous year[35] - As of December 31, 2020, the company had a total of 1,162,000,000 issued ordinary shares[68] - Mr. Huang Shaowen and Mr. Huang Shaohua each hold 602,800,000 shares, representing approximately 51.88% of the total shares[68] - The shareholding structure indicates that the controlling shareholders have significant influence over the company, with Mr. Huang Shaowen and Mr. Huang Shaohua holding substantial stakes[69] Assets and Liabilities - The company’s total assets as of December 31, 2020, were HKD 104,947,000, compared to HKD 106,324,000 as of December 31, 2019, indicating a decrease of 1.3%[13] - As of December 31, 2020, the group's bank balance and cash amounted to approximately HKD 34,415,000, down from HKD 54,001,000 as of March 31, 2020[56] - The current ratio as of December 31, 2020, was 7.8 times, compared to 8.3 times as of March 31, 2020[56] - The total interest-bearing borrowings as of December 31, 2020, were HKD 3,891,000, a decrease from HKD 6,297,000 as of March 31, 2020, resulting in a debt-to-equity ratio of 3.7%[58] Strategic Goals and Future Plans - The company plans to utilize approximately HKD 12,560,000 to upgrade its ERP system to enhance operational efficiency[64] - Approximately HKD 5,540,000 is allocated for sales and marketing activities to attract more customers and increase loyalty[64] - The company is actively leasing two warehouse facilities to accommodate increased inventory due to rising customer orders[63] - The board is committed to strategic goals including enhancing market position in the food and beverage distribution sector and improving operational efficiency[63] - The management team is focused on exploring opportunities for business diversification to enhance and broaden the customer base[66] - The company remains cautiously optimistic about maintaining core business amidst economic uncertainties caused by COVID-19[66] Compliance and Governance - The company confirmed compliance with the corporate governance code as of December 31, 2020[82] - The company has adopted a set of securities trading rules for directors, ensuring compliance with GEM Listing Rules[75] - The audit committee was established in accordance with GEM Listing Rules and consists of three independent non-executive directors[87] - The audit committee reviewed the unaudited consolidated results for the nine months ended December 31, 2020, and confirmed compliance with applicable accounting standards and GEM Listing Rules[87] - The executive directors include the chairman and CEO, indicating a strong leadership structure within the company[88] Market and Operational Insights - The company operates primarily in the trade and distribution of food and beverage grocery products in Hong Kong[16] - The company’s customer contracts are fixed-price contracts, and all customers are located in Hong Kong[25] - Sales of kitchen and hygiene products increased by approximately HKD 16,850,000 to about HKD 25,050,000, driven by heightened hygiene awareness due to the COVID-19 pandemic[42] - Mask sales contributed approximately HKD 16,126,000 to the company's revenue, compensating for the decline in food and beverage product sales[42] Other Income and Losses - Other income increased from approximately HKD 408,000 to about HKD 2,513,000, primarily due to government subsidies under the "Employment Support Scheme"[46] - The company recorded a net loss of approximately HKD 16,000 from other income and losses, compared to a net loss of about HKD 960,000 in the same period of 2019[47] - Interest expenses related to lease liabilities for the three months ended December 31, 2020, were HKD 62,000, compared to HKD 2,000 in the same period of 2019[29] - Other income, including government subsidies, amounted to HKD 7,809,000 for the three months ended December 31, 2020, compared to HKD 0 in the same period of 2019[28] No Significant Matters - No significant matters affecting the group were identified after December 31, 2020, up to the report date[84] - No directors or major shareholders had interests in any business that competes directly or indirectly with the group as of December 31, 2020[76] - The company has established internal control policies regarding the disclosure of inside information[75] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the nine months ended December 31, 2020[80] - The company has not granted, exercised, or cancelled any options under the share option scheme since its adoption on March 27, 2017[74]

Asia Grocery Distribution Limited 亞洲雜貨有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8413 中期報告2020/21 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市 的市場。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中期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，概不對因本中期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。 本中期報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲雜貨有限公司（「本 公司」）之資料，本公司董事（「董事」）願就本中期報告之內容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，據彼等所深知及確信，本報告所載之資料於各重大方面均 ...

Financial Performance - The company recorded revenue of approximately HKD 61,032,000 for the three months ended June 30, 2020, compared to HKD 49,003,000 for the same period in 2019, representing a growth of 24.6%[4] - The profit attributable to owners of the company for the three months ended June 30, 2020, was approximately HKD 1,250,000, a significant improvement from a loss of HKD 163,000 in the same period of 2019[4] - The total comprehensive income for the three months ended June 30, 2020, was HKD 1,250,000, compared to a total comprehensive loss of HKD 163,000 for the same period in 2019[7] - The company reported a pre-tax profit of HKD 1,433,000 for the three months ended June 30, 2020, compared to a pre-tax loss of HKD 119,000 in the same period of 2019[7] - The company reported a pre-tax profit of HKD 1,250,000 for the three months ended June 30, 2020, compared to a loss of HKD 163,000 in the same period in 2019[36] Revenue and Sales Breakdown - The sales breakdown by product category for the three months ended June 30, 2020, included daily necessities and grain products at HKD 13,120,000, packaged foods at HKD 9,179,000, and sauces and seasonings at HKD 9,857,000[21] - Sales of kitchen and hygiene products surged, contributing approximately HKD 15,920,000 in sales from masks alone, which helped offset declines in food and beverage product sales[40] - The company experienced a significant increase in sales of kitchen and hygiene products, with total sales reaching approximately HKD 18,862,000 for the three months ended June 30, 2020, compared to HKD 2,742,000 in the same period in 2019[40] Costs and Expenses - The cost of sales for the three months ended June 30, 2020, was approximately HKD 49,230,000, an increase of about 32.7% from approximately HKD 37,090,000 for the same period in 2019[42] - The company's administrative expenses for the three months ended June 30, 2020, were HKD 6,160,000, slightly lower than HKD 5,849,000 for the same period in 2019[7] - The group's administrative expenses rose from approximately HKD 5,849,000 to about HKD 6,160,000, mainly due to increased legal and professional fees[48] - The financing costs for the three months ended June 30, 2020, were HKD 83,000, compared to HKD 2,000 in the same period of 2019[7] - Financing costs increased significantly to approximately HKD 83,000 from about HKD 2,000, attributed to interest expenses on finance leases[49] Equity and Financial Position - The total equity attributable to owners of the company increased to HKD 104,001,000 as of June 30, 2020, up from HKD 106,161,000 as of June 30, 2019[9] - The group's cash and bank balances were approximately HKD 58,489,000 as of June 30, 2020, up from HKD 54,001,000 as of March 31, 2020, with a current ratio of 7.0 times[56] - The group's gearing ratio was approximately 5.3% as of June 30, 2020, down from 6.1% as of March 31, 2020[57] Dividends - The company did not recommend the payment of any dividend for the three months ended June 30, 2020, consistent with the previous year[4] - The company did not declare any dividends for the three months ended June 30, 2020, nor for the same period in 2019[35] - The company did not declare or recommend any dividends for the period, consistent with the previous year[52] Future Outlook and Strategy - The company anticipates that the economic recovery in Hong Kong will take time, potentially impacting performance until the end of 2020[39] - The group plans to strategically increase warehouse facilities near customers and upgrade its ERP system to enhance operational efficiency[62] - The company aims to diversify its business and strengthen its customer base to maintain a competitive advantage in the market[66] - The board is actively assessing and managing uncertainties and will take necessary actions to navigate challenges[65] Corporate Governance - The company is committed to maintaining high standards of corporate governance, which is essential for effective and transparent operations[82] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results for the three months ending June 30, 2020, ensuring compliance with applicable accounting standards[88] - The company has adopted a securities trading code for directors, confirming compliance with the GEM Listing Rules for the three months ending June 30, 2020[77] Shareholder Information - As of June 30, 2020, major shareholders hold approximately 51.88% of the company's shares, totaling 602,800,000 shares[68] - No stock options have been granted, exercised, or canceled under the stock option plan as of June 30, 2020[76] - No directors or controlling shareholders have interests in any business that competes or may compete with the group as of June 30, 2020[78] - The controlling shareholders have confirmed no engagement in any competing business and have adhered to the non-competition agreement since the company's listing[79] Other Income - The company’s total other income for the three months ended June 30, 2020, was HKD 1,069,000, compared to HKD 116,000 in the same period in 2019[26] - Other income increased significantly from approximately HKD 116,000 to about HKD 1,069,000, primarily due to government subsidies under the "Employment Support Scheme" during the pandemic[44]

ANNUAL REPORT 2020 年報 Asia Grocery Distribution Limited 亞洲雜貨有限公司 Asia Grocery Distribution Limited 亞洲雜貨有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8413 2020 年報 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市的市場。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之內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲雜貨有限公司（「本公司」）之資料， 本公司董事（「董事」）願就本報告之內容共同 ...

Asia Grocery Distribution Limited 亞洲雜貨有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8413 2019/20 第三季度 報 告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市 的市場。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香港聯合交易所有限公司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，概不對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。 本季度報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲雜貨有限公司（「本 公司」）之資料，本公司董事（「董事」）願就本季度報告之內容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，據彼等所深知及確信，本報告所載之 ...

Asia Grocery Distribution Limited 亞洲雜貨有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8413 中期報告 2019/20 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市 的市場。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香港聯合交易所有限公司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，概不對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。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲雜貨有限公司（「本公司」） 之資料，本公司董事（「董事」）願就本報告之內容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，據彼等所深知及確信，本報告所載之資料於各重大方面 ...

Financial Performance - The company recorded revenue of approximately HKD 49,003,000 for the three months ended June 30, 2019, representing an increase of 5% compared to HKD 46,389,000 for the same period in 2018[4]. - The loss attributable to owners of the company for the three months ended June 30, 2019, was approximately HKD 163,000, compared to a profit of HKD 241,000 for the same period in 2018[4]. - The gross profit for the three months ended June 30, 2019, was HKD 11,913,000, an increase from HKD 11,059,000 in the same period of 2018[9]. - The company’s total comprehensive income for the period was a loss of HKD 163,000, compared to a total comprehensive income of HKD 241,000 in the same period of 2018[11]. - The company’s basic loss per share for the three months ended June 30, 2019, was HKD (0.01), compared to earnings per share of HKD 0.02 in the same period of 2018[12]. - The company recorded a net loss of approximately HKD 927,000 due to losses from the sale of properties, plants, and equipment for the three months ended June 30, 2019[60]. Revenue and Expenses - The cost of sales for the three months ended June 30, 2019, was approximately HKD 37,090,000, an increase of about HKD 1,760,000 or approximately 5.0% from HKD 35,330,000 for the same period in 2018[57]. - Total employee costs for the three months ended June 30, 2019, amounted to HKD 3,565,000, compared to HKD 3,287,000 for the same period in 2018, reflecting an increase in salaries and benefits[42]. - The company's sales and distribution expenses increased to HKD 5,370,000 for the three months ended June 30, 2019, compared to HKD 4,930,000 in the same period in 2018[9]. - Sales and distribution expenses increased to approximately 11.0% of total revenue for the three months ended June 30, 2019, compared to 10.6% for the same period in 2018[62]. - Administrative expenses rose from approximately HKD 5,739,000 for the three months ended June 30, 2018, to approximately HKD 5,849,000 for the same period in 2019, primarily due to increased rental costs from a new office and warehouse[63]. Dividends - The company did not recommend any dividend payment for the three months ended June 30, 2019, consistent with the same period in 2018[4]. - No dividends were declared or proposed for the three months ended June 30, 2019, consistent with the same period in 2018[68]. - The company did not recommend any dividend payments for the three months ended June 30, 2019, and 2018, maintaining a consistent policy since its establishment[50]. Assets and Liabilities - The company’s total equity as of June 30, 2019, was HKD 106,161,000, a decrease from HKD 106,324,000 as of April 1, 2019[16]. - As of June 30, 2019, the company's cash and bank balances were approximately HKD 62,314,000, down from approximately HKD 64,745,000 as of March 31, 2019[69]. - The company's total interest-bearing borrowings were approximately HKD 268,000 as of June 30, 2019, compared to HKD 285,000 as of March 31, 2019, resulting in a debt-to-equity ratio of 0.3%[70]. Strategic Initiatives - The company anticipates continued market competition and is focusing on controlling expenses while investing in sales and marketing activities to enhance its market share[54]. - The company aims to enhance its position in the food and beverage grocery distribution industry through strategic warehouse expansions and improved operational efficiency[75]. - The company plans to invest approximately HKD 3,500,000 in new repackaging equipment to further automate and enhance efficiency in the repackaging process[78]. - The company has selected a new ERP software for installation, with approximately HKD 2,909,000 allocated for consulting services and software and hardware acquisition[75]. - The company plans to lease two warehouse facilities to accommodate increased inventory levels, although the leasing process has been delayed due to rising rental prices in the market[75]. Corporate Governance - The company emphasizes the importance of high standards of corporate governance to protect shareholder interests[95]. - The company has adhered to the corporate governance code as per GEM listing rules during the three months ending June 30, 2019[96]. - The audit committee has reviewed the unaudited consolidated results for the three months ending June 30, 2019, and confirmed compliance with applicable accounting standards and GEM listing rules[101]. - The company has established an audit committee in accordance with GEM listing rules to oversee financial reporting processes[101]. - The chairman and executive directors are responsible for the company's operations and governance practices[102]. Shareholder Information - As of June 30, 2019, the total number of issued ordinary shares is 1,162,000,000[80]. - Major shareholders, including Mr. Huang Shaowen and Mr. Huang Shaohua, hold 602,800,000 shares each, representing 51.88% of the total shares[83]. - There were no stock options granted, exercised, lapsed, or cancelled under the stock option plan as of June 30, 2019[89]. - The company and its subsidiaries did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2019[94].

Financial Performance - The company's revenue for the year ended March 31, 2019, was approximately HKD 213,926,000, representing a 10.2% increase from approximately HKD 194,137,000 for the same period in 2018[35]. - The gross profit for the year ended March 31, 2019, was approximately HKD 47,983,000, slightly down from approximately HKD 47,987,000 in 2018, resulting in a gross margin decrease to 22.4% from 24.7%[44]. - The cost of sales for the year ended March 31, 2019, was approximately HKD 165,943,000, an increase of approximately 13.5% from approximately HKD 146,150,000 in 2018, due to increased sales volume and higher procurement costs[43]. - Other income rose from approximately HKD 61,000 in 2018 to approximately HKD 387,000 in 2019, mainly due to increased interest income from fixed-term bank deposits[47]. - The group recorded a net income of approximately HKD 15,000 for the year ended March 31, 2019, compared to a net loss of approximately HKD 149,000 for the previous year, primarily due to the reversal of bad debt provisions[48]. - Sales and distribution expenses accounted for approximately 9.6% of total revenue for the year ended March 31, 2019, compared to 10.0% for the previous year, with increases attributed to transportation costs and advertising expenses[49]. - Administrative expenses increased from approximately HKD 22,610,000 for the year ended March 31, 2018, to approximately HKD 22,825,000 for the year ended March 31, 2019, mainly due to increased salaries for administrative staff[50]. - Trade receivables increased by 54.7% from approximately HKD 20,931,000 as of March 31, 2018, to approximately HKD 32,375,000 as of March 31, 2019, due to significant sales at the end of the reporting period[59]. - Trade payables decreased by 27.3% from approximately HKD 6,687,000 as of March 31, 2018, to approximately HKD 4,861,000 as of March 31, 2019, primarily due to surplus cash on hand[60]. - The group's cash and bank balances were approximately HKD 64,745,000 as of March 31, 2019, compared to approximately HKD 54,007,000 as of March 31, 2018, indicating improved liquidity[63]. Market and Business Strategy - The company plans to enhance its marketing team to improve communication with customers and expand market share[13]. - The company aims to provide a one-stop service solution for food and beverage distribution, including procurement, repackaging, quality assurance, and logistics[13]. - The company has been investing resources in sales and marketing activities, including participation in local food exhibitions[13]. - The company anticipates facing significant challenges in 2019/2020 due to external uncertainties and rising operational costs[12]. - The company is exploring opportunities for market expansion and new product development to enhance its competitive edge[24]. - The management emphasizes the importance of strategic partnerships and collaborations to drive growth and innovation in the industry[26]. - The company remains committed to expanding its market share in the food and beverage distribution sector through new product development and strategic marketing initiatives[36]. - The company plans to continue expanding to become a leading distributor in the food and beverage grocery sector in Hong Kong[87]. Corporate Governance - The independent non-executive directors bring a wealth of experience in accounting, finance, and corporate governance, contributing to the company's strategic oversight[22]. - The company is committed to maintaining high standards of corporate governance through its audit and remuneration committees[25]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills, experience, and diversity[180]. - The company complies with GEM listing rules, maintaining at least three independent non-executive directors, with at least one possessing appropriate professional qualifications and financial management expertise[180]. - The chairman and CEO roles are separated, with the chairman leading major decisions and business strategy implementation[183]. - The board meets at least four times a year to review financial statements, operational performance, and overall strategy[193]. - The company has established service agreements for executive directors for an initial term of three years, subject to re-election[184]. - The board ensures that all directors receive timely and reliable information regarding board matters[183]. - The company has a structured process for appointing and re-electing directors at the annual general meeting[184]. Shareholder Information - The company’s major shareholders, Mr. Huang Shaowen and Mr. Huang Shaohua, each hold 602,800,000 shares, representing approximately 51.88% of the total issued shares as of March 31, 2019[130]. - The company had a total of 1,162,000,000 issued ordinary shares, with major shareholder Yuantian holding 602,800,000 shares, representing approximately 51.88% of the total[134]. - The beneficial ownership of Yuantian is divided among its executive directors, with Mr. Huang Shaowen holding 58.38%, Mr. Huang Shaohua holding 38.92%, and Rongzhi holding 2.7%[135]. - The board does not recommend the payment of a dividend for the year ended March 31, 2019[104]. - The company has adopted a dividend policy that allows the board to declare and pay dividends at its discretion, subject to shareholder approval[106]. - The board will periodically review the dividend policy but cannot guarantee the payment of any specific amount of dividend in any given period[107]. Operational Risks and Challenges - The company faces significant risks including market competition, employee satisfaction, and customer credit risk, which could impact operational performance[87]. - The company may face challenges in retaining talent in a competitive market, which could impact its business and financial performance[102]. - The company faced financial risks related to foreign currency, interest rates, credit, and liquidity in its daily operations[101]. Community and Social Responsibility - The company has been actively involved in various charitable and community organizations, enhancing its corporate social responsibility profile[21]. - The company is committed to adhering to applicable environmental laws and minimizing negative impacts from its business activities[94].

Asia Grocery Distribution Limited 亞洲雜貨有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8413 第三季度 報告 2018/19 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM為投資風險較其他於聯交所上市之公司為高之公司提供上市之市場。有意投資之人士應瞭解 投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。GEM之較高風險及其 他特色表示GEM較適合專業及其他經驗豐富投資者。 由於GEM 上市之公司屬新興性質，在GEM 買賣之證券可能會較在聯交所主板買賣之證券承受較 大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本季度報告之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本季度報告全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 本季度報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲雜貨有限公司（「本 公司」）之資料，本公司董事願就本季度報告之內容共同及個別承擔全部責任。本公司董事在作出 一切合理查詢後確認，據彼等所 ...