Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 93,109,000, a decrease of 5% compared to HKD 98,392,000 for the same period in 2023[5] - Gross profit for the same period was HKD 38,006,000, representing an increase of 1.7% from HKD 37,368,000 in 2023[5] - The company's profit before tax decreased to HKD 5,389,000, down 38.5% from HKD 8,733,000 in the previous year[5] - Net profit for the period was HKD 5,666,000, a decline of 31.9% compared to HKD 8,293,000 in 2023[5] - Basic and diluted earnings per share for the period were HKD 1.23, down from HKD 1.77 in the same period last year[6] - The group reported a profit attributable to owners of the company of HKD 5,192 thousand for the six months ended June 30, 2024, compared to HKD 7,192 thousand for the same period in 2023[23] - Net profit after tax decreased by approximately HKD 2.6 million or 31% to about HKD 5.7 million for the six months ended June 30, 2024, compared to HKD 8.3 million for the same period in 2023[35] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 152,954,000, an increase from HKD 141,149,000 as of December 31, 2023[7] - The company's total equity decreased to HKD 87,637,000 from HKD 89,844,000 at the end of 2023[8] - Non-current liabilities increased significantly to HKD 19,400,000 from HKD 712,000 at the end of 2023, primarily due to lease liabilities[8] - Trade receivables as of June 30, 2024, were HKD 23,191 thousand, a decrease from HKD 26,245 thousand as of December 31, 2023[24] - Trade payables increased to HKD 21,291 thousand as of June 30, 2024, compared to HKD 12,822 thousand as of December 31, 2023[25] - The group's total assets increased to approximately HKD 153.0 million as of June 30, 2024, compared to HKD 141.1 million as of December 31, 2023[38] - The group's debt-to-equity ratio increased to approximately 23.7% as of June 30, 2024, compared to 8.4% as of December 31, 2023[39] Cash Flow - The company reported a net cash outflow from operating activities of HKD (6,129,000) for the six months ended June 30, 2024, compared to a net inflow of HKD 5,426,000 in 2023[11] - Cash and cash equivalents decreased by HKD 28,571,000, ending at HKD 62,006,000 as of June 30, 2024, compared to HKD 56,779,000 in 2023[11] - The company's cash and bank balances decreased to HKD 62,006,000 from HKD 90,576,000 at the end of 2023[7] - The group's total cash outflow from investing activities was HKD (7,867,000) for the six months ended June 30, 2024, compared to HKD (2,822,000) in 2023[11] - Financing activities resulted in a cash outflow of HKD (14,575,000) for the six months ended June 30, 2024, compared to HKD (4,265,000) in the previous year[11] Revenue Breakdown - The company provided financial printing services generated revenue of HKD 71,658,000, down from HKD 81,816,000 in the previous year, representing a decline of approximately 12.5%[15] - Revenue from marketing-related printing services increased to HKD 9,609,000, up 62% from HKD 5,923,000 in the same period last year[15] - The group’s revenue decreased by approximately HKD 5.3 million or 5.4% to about HKD 93.1 million for the six months ended June 30, 2024, compared to HKD 98.4 million for the same period in 2023[28] - Gross profit increased by approximately HKD 0.6 million or 1.6% to about HKD 38.0 million, with gross margins of approximately 38.0% and 40.8% for the six months ended June 30, 2023, and 2024, respectively[29] Employee and Administrative Expenses - The total employee benefit expenses for the six months ended June 30, 2024, amounted to HKD 37,296 thousand, slightly down from HKD 37,388 thousand in the previous year[21] - Administrative expenses increased by approximately HKD 2.6 million or 10.7% to about HKD 26.9 million, primarily due to increased employee costs and depreciation of right-of-use assets[32] - The group employed a total of 167 employees across various regions as of June 30, 2024, compared to 171 employees as of December 31, 2023[37] Shareholder Information - As of June 30, 2024, the company has a total of 421,415,000 shares issued, with major shareholders holding significant stakes[45] - Mr. Yu and Mr. Chan jointly control 217,760,000 shares, representing 51.67% of the total shares[44] - Ms. Chan holds 8,050,000 shares, accounting for 1.91% of the total shares[44] - HM Ultimate Holdings Limited, owned by Mr. Yu and Mr. Chan, holds 217,760,000 shares, which is 51.67% of the company[47] - Mr. Xie holds 72,285,000 shares, representing 17.15% of the total shares[47] Corporate Governance - The company has complied with all principles and code provisions of the corporate governance code during the review period[59] - There were no conflicts of interest involving directors, management, or controlling shareholders with respect to competitive businesses during the review period[60] - The company has adopted the trading compliance standards as per GEM Listing Rules 5.48 to 5.67, ensuring all directors adhered to these standards during the review period[61] - The Audit Committee, established on December 15, 2016, consists of three independent non-executive directors and is responsible for reviewing the company's financial reporting processes and risk management[62] Future Plans - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming periods[5] - The group plans to leverage its strong financial position and management network to expand its current business and explore other related business opportunities[27] Lease and Property - The rental agreement for the property at 248 Queen's Road East, Hong Kong, has a monthly rent of HKD 333,554 from April 1, 2024, to March 31, 2027, and HKD 370,615 from April 1, 2027, to March 31, 2029[57] - The right-of-use asset recognized under the lease agreement is approximately HKD 16,954,000, calculated based on the total lease payments discounted[57]

Share Incentive Plan - The company granted a total of 21,415,000 shares under the share incentive plan during the reporting period, which represents approximately 5.35% of the weighted average number of shares issued during the period (400,000,000 shares) [6] - The total number of shares available for issuance under all share option and incentive plans is capped at 40,000,000 shares, accounting for 10% of the company's issued share capital at the time of adoption [4] - As of January 1, 2023, the total number of options and incentives available for grant was 39,100,000 shares, which decreased to 18,585,000 shares by December 31, 2023 [4]

Financial Performance - In 2023, the company's revenue was approximately HKD 178.6 million, a decrease of about 6.1% compared to the previous year[14] - The group's revenue for the reporting period was approximately HKD 178.6 million, a decrease of about 6.1% compared to approximately HKD 190.3 million for the year ended December 31, 2022[20] - The gross profit decreased from approximately HKD 68.5 million for the year ended December 31, 2022, to approximately HKD 62.8 million, a reduction of about 8.4%[24] - The net profit after tax decreased from approximately HKD 7.1 million for the year ended December 31, 2022, to approximately HKD 6.5 million, with net profit margins of approximately 3.6% and 3.8% respectively[31] - The company reported a significant increase in revenue during the reporting period, with a year-on-year growth of 15%[70] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[71] Operational Metrics - The number of jobs decreased from 9,334 in the previous year to 8,822, representing a reduction of 5.5%[14] - The number of completed projects in 2023 and 2022 was 8,822 and 9,334 respectively, representing a decrease of 5.5%[20] - The total employee cost for the reporting period was approximately HKD 71.1 million, up from HKD 69.8 million in 2022[37] - The group employed 130 employees in Hong Kong as of December 31, 2023, down from 142 in 2022[37] Strategic Initiatives - The company aims to diversify its products and services while providing high-quality solutions to meet customer needs[14] - The company is actively seeking opportunities to collaborate with local business partners, particularly in the technology sector, to strengthen existing operations[14] - The company plans to continue integrating acquisitions and expanding its business into 2024[12] - The group plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[21] Risk Management - The company recognizes the potential adverse impacts of geopolitical risks on its operations and is committed to monitoring and assessing these risks[12] - Financial risks have been identified, with a focus on currency fluctuations and market volatility[71] - The company has established a risk management policy that identifies, assesses, and manages key risks affecting its business[199] - The risk management framework, along with internal control measures, ensures that risks across different business units are within the company's risk tolerance and are effectively monitored[200] Corporate Governance - The company has complied with all provisions of the corporate governance code during the reporting period[163] - The board consists of three executive directors and three independent non-executive directors, ensuring effective governance and oversight[166] - The independent auditor, Guo Wei CPA Limited, will be proposed for reappointment at the upcoming annual general meeting[160] - The company has adopted trading standards for directors buying and selling company securities, ensuring compliance with GEM listing rules[179] Shareholder Information - As of December 31, 2023, the company's distributable reserves for dividends amounted to approximately HKD 53.2 million, down from HKD 59.6 million in 2022[81] - The company reported a final dividend of HKD 0.02 per share for the reporting period, an increase from HKD 0.015 per share in 2022, pending shareholder approval on May 9, 2024[77] - The company has no major contracts with its controlling shareholders or their subsidiaries during the reporting period[139] Sustainability and Social Responsibility - The company emphasized its commitment to sustainability, with plans to reduce carbon emissions by K% over the next five years[56] - The company has been actively participating in sustainable development and social responsibility initiatives, as detailed in its environmental, social, and governance report[75] Acquisitions and Investments - The group acquired a 51% stake in into23 Limited in May 2023, which integrates AI-supported technology and a large domestic translation partner network[20] - The group sold approximately 22.85% of its issued shares in Wordbee S.à r.l. in October 2023, as part of resource integration efforts[20] Employee and Board Diversity - The company is committed to promoting gender diversity within its board and aims for gender equality in senior management within a mid-term timeframe[167] - The board consists of 5 males (83%) and 1 female (17%), maintaining gender diversity as per GEM listing rules[167] Internal Controls and Audit - The audit committee has reviewed the accounting principles and practices adopted by the group and discussed matters related to audit, internal control, and financial reporting[154] - The audit committee met four times during the reporting period to discuss significant financial reporting and compliance issues[185]

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 178,624,000, a decrease of 6.8% compared to HKD 190,286,000 in 2022[5] - Gross profit for the same period was HKD 62,757,000, down from HKD 68,537,000, reflecting a gross margin of 35.1%[5] - The net profit for the year was HKD 6,484,000, a decline of 9.2% from HKD 7,138,000 in the previous year[7] - Basic earnings per share decreased to HKD 1.56 from HKD 1.78, representing a drop of 12.3%[7] - The company reported a total comprehensive income of HKD 6,152,000, down from HKD 7,002,000, a decrease of 12.1%[7] - The net profit attributable to the company's owners decreased from approximately HKD 7.1 million in 2022 to approximately HKD 6.5 million in 2023, resulting in a net profit margin of approximately 3.6%[48] - Basic earnings per share decreased from HKD 1.78 in 2022 to HKD 1.56 in 2023, while diluted earnings per share also fell from HKD 1.78 to HKD 1.52[31] Assets and Liabilities - Total assets increased to HKD 141,149,000 from HKD 133,196,000, marking a growth of 5.9%[8] - The company’s non-current assets decreased to HKD 11,596,000 from HKD 32,442,000, a decline of 64.3%[8] - The company's current assets increased to approximately HKD 129.6 million in 2023 from approximately HKD 100.8 million in 2022, while current liabilities rose to approximately HKD 50.6 million[49] - Trade receivables decreased from HKD 33.4 million in 2022 to HKD 26.9 million in 2023, with a provision for impairment losses of HKD 681,000[32] Cash Flow and Financing - Cash and bank balances rose significantly to HKD 90,576,000, up from HKD 58,585,000, indicating a 54.6% increase[8] - The company's financing costs decreased slightly from approximately HKD 696,000 in 2022 to approximately HKD 695,000 in 2023[45] - As of December 31, 2023, the group had no assets pledged to secure general bank financing, compared to HKD 1.5 million in 2022[79] Employee and Operational Costs - The group recognized a total employee benefit expense of HKD 71,110,000 in 2023, an increase of 1.9% from HKD 69,777,000 in 2022[28] - The total employee cost for the reporting period was approximately HKD 71.1 million, an increase from HKD 69.8 million in 2022[54] - The company employed 130 staff in Hong Kong, down from 142 in 2022, while increasing staff in China from 8 to 9, Taiwan from 10 to 18, and maintaining 13 in Singapore[54] Dividends and Shareholder Returns - The group proposed a final dividend of HKD 0.02 per share for the reporting period, up from HKD 0.015 per share in 2022[29] - The board proposed a final dividend of HKD 0.02 per share for the reporting period, an increase from HKD 0.015 per share in 2022[103] - The annual general meeting is scheduled for May 9, 2024, to approve the proposed final dividend[104] Strategic Plans and Market Focus - The company plans to continue focusing on integrated printing services and exploring new market opportunities[11] - The company plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[38] - The company plans to maintain its focus on business expansion and strategic partnerships to enhance its market position[75] - The company plans to continue exploring selective acquisitions and partnership opportunities to enhance revenue and shareholder returns[50] Acquisitions and Investments - The company acquired a 51% stake in into23 Limited in May 2023, integrating AI support technology and a large domestic translation partner network[37] - The company acquired 51% of into23 Limited for HKD 6,375,000, enhancing its revenue sources and customer base[90] - The acquisition of the target company aligns with the group's future development strategy and is expected to strengthen its core financial printing business[92] Corporate Governance and Compliance - The company has complied with all applicable laws and regulations during the reporting period[85] - The company has adopted the corporate governance code and has complied with all applicable provisions during the reporting period[84] - The board confirmed that all directors adhered to the trading standards set forth in the GEM listing rules during the reporting period[87] Share Incentive Plans - The company adopted a share award plan on July 4, 2022, aimed at recognizing and rewarding contributions to business growth[56] - A total of 21,415,000 shares were granted to 15 qualified participants on April 1, 2023, with 17,415,000 shares awarded to 14 employees and 4,000,000 shares to an executive director[69][70] - Approximately 34% of the awarded shares will vest on March 31, 2024, and approximately 66% will vest on March 31, 2025, contingent on performance and contribution conditions[73][76] - The share incentive plan constitutes a related party transaction, requiring compliance with GEM listing rules, and was approved by independent shareholders on May 9, 2023[72] Audit and Financial Reporting - The audit committee, consisting of three independent non-executive directors, oversees financial reporting and risk management[107] - The auditor confirmed that the financial figures in the preliminary announcement align with the audited consolidated financial statements for the reporting period[108] - No significant events requiring disclosure were reported after December 31, 2023, up to the announcement date[102]

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 46,454,000, a decrease of 8.3% compared to HKD 50,563,000 in the same period of 2022[6] - Gross profit for the same period was HKD 20,569,000, representing an increase of 10.0% from HKD 18,677,000 year-on-year[6] - The company recorded a profit before tax of HKD 3,517,000 for the three months ended September 30, 2023, slightly down from HKD 3,614,000 in the previous year[6] - Net profit for the three months was HKD 3,881,000, an increase of 20.1% compared to HKD 3,232,000 in the same quarter of 2022[6] - For the nine months ended September 30, 2023, total revenue was HKD 144,846,000, down 4.2% from HKD 151,265,000 in the same period of 2022[6] - The company’s net profit for the nine months was HKD 12,174,000, a decrease of 32.7% compared to HKD 18,116,000 in the previous year[6] - The total comprehensive income for the three months was HKD 3,894,000, compared to HKD 3,019,000 in the same quarter of 2022, indicating an increase of 29.0%[6] - Revenue for the nine months ended September 30, 2023, decreased to approximately HKD 144.8 million, a decline of about 4.2% compared to the same period last year[28] - Gross profit for the nine months ended September 30, 2023, decreased by approximately HKD 1.8 million or 3.0% to about HKD 57.9 million, with gross margins of approximately 39.5% and 40.0% for the respective periods[32] - Net profit after tax for the nine months ended September 30, 2023, decreased to approximately HKD 12.2 million, down by about HKD 5.9 million, resulting in a net profit margin of approximately 8.4%[39] Earnings Per Share - Basic and diluted earnings per share for the three months were HKD 0.81, up from HKD 0.69 in the same period last year, reflecting a growth of 17.4%[7] - Basic and diluted earnings per share for the nine months were HKD 2.58, a decrease of 37.9% compared to HKD 4.15 for the same period in 2022[25] Expenses and Costs - Employee benefit expenses totaled HKD 55,335,000 for the nine months, an increase of 11.7% from HKD 49,512,000 in the previous year[22] - Administrative expenses increased by approximately HKD 3.4 million or 10.2% to about HKD 37.0 million, primarily due to rising employee costs[36] - Sales expenses decreased by approximately HKD 1.8 million or 16.1% to about HKD 9.2 million[35] - Financing costs increased by approximately HKD 0.1 million to about HKD 0.6 million, mainly due to increased interest on lease liabilities[37] - Other income decreased by approximately HKD 2.1 million, mainly due to the absence of government subsidies received in the previous year[33] Dividends - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[23] - The company did not recommend any dividend for the period ended September 30, 2023[42] Shareholding and Incentive Plans - HM Ultimate holds 222,760,000 shares, representing 52.86% of the total issued shares as of September 30, 2023[50] - 谢锦荣 holds 72,285,000 shares, accounting for 17.15% of the total issued shares[50] - Tricor Trust (Hong Kong) holds 21,415,000 shares, which is 5.08% of the total issued shares[50] - The share option plan adopted on December 15, 2016, allows for a maximum of 10% of the total issued shares to be granted under the plan[53] - No options were granted or exercised during the review period, and there are no unexercised options remaining under the plan[57] - The share reward plan adopted on July 4, 2022, aims to recognize and reward eligible participants for their contributions to the group's growth and development[59] - A total of 21,415,000 shares were granted to 15 eligible participants on April 1, 2023, with 17,415,000 shares awarded to 14 employees and 4,000,000 shares to an executive director[63][65] - The vesting schedule for the awarded shares includes approximately 34% vesting on March 31, 2024, and approximately 66% vesting on March 31, 2025[68][72] - The total number of shares available for grant under the incentive plan is 17,025,000 shares[71] Business Strategy and Operations - The company continues to focus on expanding its integrated printing services, including financial printing and marketing collateral printing, to enhance market presence[10] - The company plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[29] - The company has established an operational business model that combines AI support technology, a vast domestic translation partner network, and specialized project management teams, allowing for unparalleled speed and accuracy in translation services[75] - The acquisition of the target company is expected to increase the group's revenue sources and customer base, aligning with the group's future development strategy and enhancing profitability[77] Corporate Governance - The company has adopted the corporate governance code and has complied with all applicable provisions during the review period[85] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting processes and risk management systems during the review period[90] Major Transactions - The company sold approximately 22.85% of the issued share capital of Wordbee S.à r.l., which constitutes a major transaction under GEM listing rules, requiring compliance with disclosure and shareholder approval regulations[80] - The acquisition agreement was approved by HM Ultimate Holdings Limited, which holds approximately 52.86% of the company's issued share capital, thus avoiding the need for a shareholder meeting[80] - The company has completed the sale of its interest in Wordbee S.à r.l. on October 4, 2023, and no longer holds any equity in the company[81]

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。 HM International Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：8416） 2023年第三季度業績公告 HM International Holdings Limited（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附 屬公司截至2023年9月30日止三個月及九個月之未經審核綜合業績。本公告載列本公司 2023年第三季度報告全文，符合香港聯合交易所有限公司GEM證券上市規則有關隨附 2023年第三季度業績之初步公告資料之相關規定。本公司2023年第三季度報告之印刷本 將於適當時候寄發予本公司股東，並將於GEM網站及本公司網站可供查閱。 承董事會命 HM International Holdings Limited 主席兼執行董事 余志明 香港，2023年11月8日 於本公告日期，本公司執行董事為余志明先生、陳威廉先生及陳慧中女士；及本公司獨 立非執 ...

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。 HM International Holdings Limited 8416 有關截至2022年12月31日止年度之年度報告的 補充公告 茲提述HM International Holdings Limited（「本公司」）於2023年3月28日刊發截至2022年12 月31日止年度之年度報告（「2022年年報」）。除另有界定者外，否則本公告所用詞彙與 2022年年報所界定者具有相同涵義。 有關股份獎勵計劃的補充資料 除2022年年報所載董事會報告「股份獎勵計劃」一節項下之披露外，董事謹此向股東及本 公司潛在投資者提供有關股份獎勵計劃的進一步資料如下： 於2022年1月1日及2022年12月31日，計劃授權項下可供授出及股份獎勵計劃項下可供發 行的股份總數分別為零及40,000,000股股份。根據股份獎勵計劃，服務供應商分項限額並 不適用，乃由於股份獎勵計劃的合資格參與者並不包括服務供應商。股份獎勵計劃 ...

GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小 型公司提供一個上市之市場。有意投資之人士應了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。 由於GEM上市公司普遍為中小型公司，在GEM買賣之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買賣之證 券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本報告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HM International Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：8416） 二零二三年中期報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 本報告（HM International Holdings Limited（「本公司」）各董事（「董事」）願共同 及個別對此負全責）乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而提 供有關本公司及其附屬公司（統稱「本集團」）的資料。各董事在作出一切合理 查詢後，確認就其所深知 ...

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。 HM International Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：8416） 2023年中期業績公告 HM International Holdings Limited（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附 屬公司截至2023年6月30日止六個月之未經審核綜合業績。本公告載列本公司2023年中 期報告全文，符合香港聯合交易所有限公司GEM證券上市規則有關隨附中期業績之初步 公告資料之相關規定。本公司2023年中期報告之印刷本將適時寄發予本公司股東，並將 於GEM網站及本公司網站可供查閱。 承董事會命 HM International Holdings Limited 主席兼執行董事 余志明 香港，2023年8月4日 於本公告日期，本公司執行董事為余志明先生、陳威廉先生及陳慧中女士；及本公司獨 立非執行董事為蔡翰霆先生、吳浩雲先生及尹智偉先生 ...

Financial Performance - For the three months ended March 31, 2023, the group's revenue was HKD 26,850,000, a decrease of 6.7% compared to HKD 29,853,000 for the same period in 2022[4] - Gross profit for the same period was HKD 5,687,000, down 32.3% from HKD 8,390,000 year-on-year[4] - The group reported a loss before tax of HKD 7,628,000, compared to a loss of HKD 5,191,000 in the previous year, representing a 46.9% increase in losses[4] - The net loss attributable to owners of the company for the period was HKD 6,677,000, which is an increase of 44.4% from HKD 4,621,000 in the prior year[4] - Basic and diluted loss per share for the period was HKD 1.67, compared to HKD 1.16 for the same period last year[4] - The group’s total comprehensive loss for the period was HKD 7,648,000, compared to HKD 5,244,000 in the previous year, indicating a 45.8% increase in comprehensive losses[4] Expenses - Administrative expenses rose to HKD 11,374,000, up 7.2% from HKD 10,607,000 in the previous year[4] - Employee benefits expenses increased to HKD 17.53 million for the three months ended March 31, 2023, from HKD 15.50 million in the same period of 2022, reflecting a rise of approximately 13.2%[19] - Sales expenses decreased by approximately HKD 0.2 million or 7.6% to HKD 2.7 million for the three months ended March 31, 2023[31] - Administrative expenses increased by approximately HKD 0.8 million or 7.2% to HKD 11.4 million for the same period, primarily due to rising employee costs[32] - Income tax expense decreased from HKD 53,000 in 2022 to HKD 20,000 in 2023, a reduction of approximately 62.3% due to lower pre-tax profits[34] Income and Gains - Other income and gains increased significantly to HKD 944,000 from HKD 53,000, marking a substantial growth[4] Dividend Policy - The company did not recommend any dividend for the three months ended March 31, 2023, consistent with the previous year[21] - No dividend was recommended for the three months ending March 31, 2023, consistent with the same period in 2022[36] Shareholder Information - As of March 31, 2023, major shareholders HM Ultimate held 222,760,000 shares, representing approximately 55.69% of the total issued shares[41] - Directors Yu Zhiming and Chen Weilian each hold 222,760,000 shares, equating to 55.69% ownership, through HM Ultimate[38] - The company has not granted or exercised any share options during the three months ending March 31, 2023[43] Share Incentive Plan - The share incentive plan adopted on July 4, 2022, aims to reward and retain eligible participants contributing to the group's growth[44] - The share incentive plan will remain effective for ten years from the adoption date, unless terminated early[44] - The total number of shares granted under the share incentive plan cannot exceed 10% of the total issued shares of the company as of the adoption date, which is 400,000,000 shares[47] - The board has the discretion to select participants for the share incentive plan and determine the number of reward shares[45] - The company has not issued any new shares under the share incentive plan as of the reporting date[45] Corporate Governance - The company has complied with all provisions of the corporate governance code during the three months ended March 31, 2023[51] - There were no conflicts of interest or competitive business involvement by directors, management, or controlling shareholders during the three months ended March 31, 2023[52] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023[55] Business Strategy - The company continues to focus on integrated printing services, including financial printing and marketing collateral, as part of its core business strategy[7] - The company plans to acquire a 51% stake in into23 Limited, which is expected to broaden revenue sources and expand the customer base[25] - The company has no significant market expansion or acquisition strategies disclosed in the current report[41] - The company maintains a solid recurring customer base, which is viewed as a key factor for success in the market despite revenue declines[24]