Financial Performance - The group's revenue for the fiscal year 2023 was SGD 105.1 million, an increase of approximately SGD 23.8 million compared to SGD 81.3 million in fiscal year 2022, primarily driven by a rise in sales of passenger car parts and vehicles [23]. - The group's revenue for the fiscal year ending December 31, 2023, was SGD 105.3 million, an increase of approximately SGD 23.7 million from SGD 81.6 million in the fiscal year 2022, primarily driven by increased contributions from the automotive trade business in China [42]. - Automotive supply revenue increased by approximately SGD 22.7 million to about SGD 87.4 million in the fiscal year 2023, compared to approximately SGD 64.7 million in the fiscal year 2022, mainly due to increased sales to customers in mainland China [44]. - The total loss and comprehensive expenses for the year 2023 amounted to approximately 1.3 million SGD, compared to 1.1 million SGD in 2022, primarily due to a one-time impairment of 0.9 million SGD in an associate [103]. - The company's net debt-to-equity ratio as of December 31, 2023, is approximately 1.0, raising concerns about its ability to manage debt and meet repayment obligations [94]. Strategic Goals and Expansion - The group aims to enhance its position in the automotive after-sales service sector and short-term and long-term leasing businesses in Singapore while increasing market share in the automotive and related products sales in mainland China [4]. - The group is exploring expansion opportunities in various sectors, including biocare, green water energy technology, new retail, e-commerce, franchise management, insurance brokerage, and pre-prepared food processing to diversify its market presence in China [4]. - The group plans to enhance existing operations and seek opportunities for growth in sectors such as bio-health, green energy technology, new retail, e-commerce, and franchise management to adapt to diversified development in the Chinese market [41]. - The company aims to diversify its income sources by expanding into car leasing and seeking partnerships in other industries [110]. - The group plans to diversify its income sources and increase its rental fleet due to restrictions on vehicle ownership certificates in Singapore, which may impact after-sales service demand [118]. Operational Challenges - The company is facing challenges due to the transition to electric vehicles, which may reduce service and repair volumes [85]. - The group has identified various financial risks, including currency, credit, liquidity, and interest rate risks, which could significantly impact its business and financial condition [79]. - The company has terminated its education business services due to a decline in hardware and equipment sales, with education service revenue decreasing by approximately SGD 84,000 to about SGD 195,000 in the fiscal year 2023 [70]. Financial Management and Risks - The expected credit loss rate for current trade receivables is estimated at 0.1%, down from 0.2% in 2022, while overdue receivables show higher expected loss rates of 2% for 90 days, 3% for 180 days, and 15% for over 365 days [98]. - Credit risk is managed by assessing potential customers' credit quality and defining credit limits, with credit terms ranging from 30 to 90 days [122]. - The company has implemented a credit policy to monitor credit risks and has assigned a team to determine credit limits and assess the credit quality of trade receivables [147]. Employee and Operational Costs - Employee benefits expenses increased from approximately SGD 6.1 million in the fiscal year 2022 to approximately SGD 6.3 million in the fiscal year 2023, primarily due to a slight increase in employee costs [72]. - As of December 31, 2023, the total employee cost was approximately SGD 6.5 million, an increase from SGD 6.3 million in 2022, with the number of employees decreasing from 132 to 105 [154]. Compliance and Governance - The company has maintained compliance with the GEM Listing Rules, except for the internal audit function as per the corporate governance code [180]. - The company has not granted any stock options since the adoption of the stock option plan, and there were no unexercised stock options at the beginning and end of 2023 [199]. Cash Flow and Liquidity - The group maintains a policy of regularly monitoring cash flow needs to ensure sufficient cash reserves and financing from major financial institutions to meet short-term and long-term liquidity requirements [124]. - The group has not encountered significant liquidity issues during the fiscal year ending December 31, 2023 [121]. - Cash and cash equivalents as of December 31, 2023, were approximately 4.9 million SGD, slightly up from 4.8 million SGD in 2022 [104].

Financial Performance - The company's revenue for the fiscal year ended December 31, 2023, was SGD 105,066,000, representing a 29.2% increase from SGD 81,296,000 in the previous year[4]. - The net loss from continuing operations for the year was SGD 1,273,000, compared to a loss of SGD 1,090,000 in the prior year, indicating a 16.8% increase in losses[4]. - Total comprehensive loss for the year amounted to SGD 2,067,000, a decrease from SGD 2,272,000 in the previous year, reflecting a 9.0% improvement[5]. - The adjusted profit before tax for the continuing operations was SGD 4.915 million, compared to SGD 5.108 million in the previous year, indicating a decrease of about 3.8%[25]. - The company reported a loss of SGD 1.437 million before tax, which is an improvement from the loss of SGD 1.929 million in the previous year[25]. - The company reported a loss attributable to owners of the company of SGD 1,260,000 in 2023, a decrease of 15.3% from SGD 1,488,000 in 2022[57]. - The total comprehensive loss for the year 2023 was approximately SGD 1.3 million, compared to SGD 1.1 million in 2022, with the loss primarily due to the one-time impairment of joint venture interests[82]. Revenue Breakdown - Total revenue from external customers for the automotive after-sales service, automotive leasing service, and automotive supply business reached SGD 105.066 million, an increase from SGD 81.296 million in the previous year, representing a growth of approximately 29.2%[23]. - Automotive supply revenue reached SGD 87,379 thousand in 2023, up 35% from SGD 64,742 thousand in 2022[37]. - The company's automotive supply revenue increased by approximately SGD 22.7 million to about SGD 87.4 million for the fiscal year ending December 31, 2023, compared to approximately SGD 64.7 million for the fiscal year ending December 31, 2022[70]. - The increase in automotive supply revenue was primarily due to a rise in sales to customers in mainland China, which contributed approximately SGD 21.5 million[70]. - The company's automotive after-sales service revenue and car rental business revenue increased by approximately SGD 0.6 million and SGD 0.5 million, respectively, due to the gradual recovery of the overall Singapore market[70]. Assets and Liabilities - The company's total assets decreased to SGD 22,810,000 from SGD 25,608,000, a decline of 11.0% year-over-year[6]. - Current liabilities increased to SGD 10,212,000 from SGD 9,336,000, representing a 9.4% rise[6]. - The total liabilities increased to SGD 17.257 million as of December 31, 2023, compared to SGD 16.628 million in the previous year, reflecting an increase of approximately 3.8%[30]. - The equity attributable to owners of the company decreased to SGD 6,182,000 from SGD 8,013,000, a decline of 22.8%[7]. - The total liabilities for the discontinued operations were SGD 185 thousand, indicating a minimal impact on the overall financial position[30]. Operational Highlights - The company has been involved in automotive repair, maintenance, and leasing services, as well as supplying automotive parts and equipment in Singapore and China[9]. - The ongoing business segments include automotive after-sales services, car rental services, and automotive supply business[21]. - The company has terminated its education business segment, which previously contributed SGD 195 thousand in revenue[23]. - The company operates two service centers and one spray painting workshop in Singapore, equipped with advanced diagnostic equipment and facilities[69]. - The company has a significant focus on providing a comprehensive range of automotive-related solutions, including after-sales services, car rental, and parts supply[69]. Employee and Cost Management - Employee costs totaled SGD 4,140 thousand in 2023, compared to SGD 3,016 thousand in 2022, reflecting a 37.3% increase[34]. - The total employee benefits expense increased to SGD 6,329,000 in 2023, up 3.5% from SGD 6,118,000 in 2022[49]. - Unallocated employee costs amounted to SGD 2.338 million, while unallocated corporate expenses were SGD 4.498 million, impacting overall profitability[23]. - The company recorded an impairment of approximately SGD 0.9 million on its interests in joint ventures in 2023, due to worsening political crises and currency devaluation in Myanmar[79]. Cash Flow and Liquidity - The company is actively monitoring cash flow and liquidity to ensure sufficient reserves to meet short-term and long-term funding needs[101]. - As of December 31, 2023, the company's cash and cash equivalents were approximately SGD 4.9 million, slightly up from SGD 4.8 million in 2022[84]. - The company has secured its bank borrowings and vehicle leasing liabilities with corporate guarantees and related asset pledges[105]. Compliance and Governance - The consolidated financial statements were approved by the board on March 28, 2024[10]. - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and presented in Singapore dollars[11]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[118]. - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with GEM listing rules[118]. Future Outlook - The company aims to expand its presence in the automotive after-sales service sector and short-term and long-term leasing businesses, particularly in Singapore and mainland China[72]. - The company is focusing on acquiring new technologies and enhancing automotive expertise to prepare for challenges in new market developments and new vehicle types[72]. - There are no major future investment or capital asset plans disclosed beyond what is mentioned in the outlook section[110].

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of SGD 31,391,000, a 58% increase compared to SGD 19,882,000 for the same period in 2022[35]. - For the nine months ended September 30, 2023, total revenue reached SGD 85,576,000, up 38% from SGD 61,814,000 in the same period last year[35]. - The company incurred a loss before tax of SGD 116,000 for the three months ended September 30, 2023, compared to a loss of SGD 554,000 for the same period in 2022[35]. - The total comprehensive loss for the three months ended September 30, 2023, was SGD 158,000, a decrease from SGD 648,000 in the same period last year[37]. - The company’s total comprehensive loss for the nine months ended September 30, 2023, was SGD (659,000), compared to SGD (1,285,000) for the same period in 2022[37]. - The total loss attributable to owners for the three months ended September 30, 2023, was SGD 104, compared to a loss of SGD 486 for the same period in 2022, indicating a significant improvement[73]. - The company reported a basic and diluted loss per share of SGD 0.06 for the nine months ended September 30, 2023, compared to SGD 0.10 for the same period in 2022[73]. - The company did not recommend any dividend for the nine months ended September 30, 2023, consistent with the same period in 2022[71]. Revenue Breakdown - The automotive supply revenue reached SGD 26,798,000 for the three months ended September 30, 2023, compared to SGD 15,742,000 in the same period of 2022, reflecting a growth of 70%[60]. - The automotive rental income increased to SGD 1,042,000 for the three months ended September 30, 2023, up from SGD 805,000 in the same period of 2022, representing a growth of 29%[60]. - The automotive supply revenue for the nine months ended September 30, 2023, was SGD 72,072,000, up from SGD 49,416,000 in the same period of 2022, indicating a growth of 46%[60]. - For the fiscal year 2023, the group's revenue was approximately SGD 85.6 million, an increase of about SGD 23.8 million compared to SGD 61.8 million in 2022, primarily driven by increased sales of passenger car parts and accessories[81]. - Sales of passenger car parts, accessories, and vehicles to customers in mainland China increased by approximately SGD 21.7 million during the fiscal year 2023[81]. - The group's automotive after-sales service revenue increased by approximately SGD 0.5 million due to market recovery following the easing of COVID-19 restrictions in Singapore[83]. Cost and Expenses - Employee benefits expenses for the three months ended September 30, 2023, were SGD (1,803,000), an increase from SGD (1,666,000) in the same period last year[35]. - The company’s employee benefits expenses for the nine months ended September 30, 2023, totaled SGD 4,818, an increase from SGD 4,612 in the same period of 2022[65]. - The cost of materials used and changes in trade inventory rose from SGD 53.2 million in 2022 to SGD 75.8 million in 2023, an increase of approximately SGD 22.6 million[84]. - The depreciation of property, plant, and equipment for the nine months ended September 30, 2023, was SGD 1,284, an increase of 69.5% from SGD 756 in the same period of 2022[65]. - The interest expense on lease liabilities for the three months ended September 30, 2023, was SGD 44, a decrease of 32.3% from SGD 65 in the same period of 2022[63]. - The total finance costs for the nine months ended September 30, 2023, were SGD 276, down from SGD 353 in the same period of 2022, reflecting a decrease of 21.8%[63]. Ownership Structure - The company has a significant ownership structure, with Red Link holding 54.70% of its shares, which is beneficially owned by Lin Fangfang[27]. - Mr. Hong holds 378,798,000 shares, representing 44.56% of the company's equity[102]. - Ms. Lin also holds 378,798,000 shares, equating to 44.56% ownership[102]. - Mr. Hu owns 56,582,000 shares, which is 6.66% of the total shares[102]. - Ms. Nie has a beneficial ownership of 18,275,400 shares, accounting for 2.15%[102]. - Red Link International Limited, controlled by Mr. Hong and Ms. Lin, holds 378,798,000 shares, representing 44.56%[104]. - Mr. Wu holds 378,798,000 shares as spouse equity, also 44.56%[105]. - Mr. Chong Soo Hoon, Sean owns 46,850,000 shares, which is 5.51%[105]. Strategic Focus - The company aims to enhance its market presence and explore new strategies for growth in the automotive sector[10]. - The management discussed ongoing research and development efforts for new products and technologies to stay competitive in the market[10]. - The company is focused on expanding its operations and exploring potential mergers and acquisitions to drive future growth[10]. - The company continues to focus on expanding its automotive repair and maintenance services in Singapore and automotive trading in China[45]. - The group plans to cautiously expand its automotive after-sales service and rental business in Singapore and increase market share in mainland China[80]. - The group aims to enhance its position in the automotive sector by acquiring new technologies and improving automotive expertise in response to market challenges[80]. Compliance and Governance - The company reported unaudited consolidated financial results for the nine months ended September 30, 2023, indicating compliance with applicable accounting standards and GEM listing rules[12]. - The company is committed to maintaining transparency and has established an audit committee to oversee financial reporting and risk management[11]. - There were no known conflicts of interest among directors or major shareholders in businesses that directly or indirectly compete with the company as of September 30, 2023[30]. - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and presented in Singapore dollars[46]. - The company emphasizes the importance of accurate accounting estimates and assumptions in the preparation of its financial statements[46]. Events and Changes - There were no significant post-reporting date events that would materially affect the financial position of the company[14]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2023[31]. - The company has not granted any share options since the adoption of the share option scheme, and there are no unexercised options as of September 30, 2023[6].

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。 Optima Automobile Group Holdings Limited 傲迪瑪汽車集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8418） 第三季度業績公告 截至二零二三年九月三十日止九個月 傲迪瑪汽車集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈 本公司及其附屬公司（統稱為「本集團」）截至二零二三年九月三十日止九個月的 未經審核簡明合併財務業績。本公告載列本公司二零二三年第三季度報告（「二零 二三年第三季度報告」）全文，並符合香港聯合交易所有限公司GEM（「GEM」）證 券上市規則（「GEM上市規則」）有關第三季度業績初步公告隨附資料的相關規定。 二零二三年第三季度報告的印刷版本將按GEM上市規則規定的方式適時寄發予 本公司股東，並可於香港聯合交易所有限公司網站http://www.hkexnews.hk及本公 司網站www.ow.sg閱覽。 承董事 ...

Revenue and Growth - The group's total revenue for the six months ended June 30, 2023, was approximately SGD 54.2 million, an increase of about SGD 12.3 million from approximately SGD 41.9 million in the same period of 2022[9]. - Revenue for the three months ended June 30, 2023, was SGD 31,315 thousand, an increase of 37.2% compared to SGD 22,847 thousand for the same period in 2022[110]. - For the six months ended June 30, 2023, revenue reached SGD 54,185 thousand, up 29.2% from SGD 41,932 thousand in the same period of 2022[110]. - Automotive supply revenue reached SGD 45,274,000 for the six months ended June 30, 2023, up 34.4% from SGD 33,674,000 in the same period last year[134]. - Service revenue for the six months ended June 30, 2023, was SGD 6,614,000, representing an increase of 11.4% compared to SGD 5,935,000 in the previous year[134]. - Automotive rental income for the six months ended June 30, 2023, was SGD 2,088,000, a rise of 24.8% from SGD 1,674,000 in the same period of 2022[134]. Financial Performance - The group recorded a total comprehensive loss of approximately SGD 501,000 for the six months ended June 30, 2023, compared to approximately SGD 637,000 for the same period in 2022[18]. - The company reported a net loss of SGD 387 thousand for the three months ended June 30, 2023, compared to a net loss of SGD 142 thousand for the same period in 2022[111]. - For the six months ended June 30, 2023, the company reported a loss attributable to shareholders of SGD 368,000, compared to a loss of SGD 388,000 for the same period in 2022[149]. - The basic and diluted loss per share for the six months ended June 30, 2023, was SGD (0.04), compared to SGD (0.05) for the same period in 2022[149]. Expenses and Costs - The cost of materials and changes in trade inventories increased by approximately SGD 36.1 million to about SGD 47.7 million in 2023, primarily due to increased supply of automotive parts and equipment to customers in mainland China[11]. - Employee benefits expenses increased by approximately SGD 69,000 due to an increase in total headcount[13]. - Employee benefits expenses totaled SGD 3,015,000 for the six months ended June 30, 2023, an increase from SGD 2,946,000 in the same period of 2022, reflecting a growth of approximately 2.3%[149]. - The company incurred financing costs of SGD 94 thousand for the three months ended June 30, 2023, down from SGD 129 thousand for the same period in 2022[110]. - The company reported a tax expense of SGD 64,000 for the six months ended June 30, 2023, compared to SGD 32,000 for the same period in 2022, indicating a 100% increase[140]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to SGD 28,677 thousand, compared to SGD 25,608 thousand as of December 31, 2022[113]. - The company's cash and cash equivalents were approximately SGD 2.5 million as of June 30, 2023, down from SGD 4.8 million on December 31, 2022[23]. - The total non-current liabilities amounted to SGD 7,573,000, a decrease of 4.4% from SGD 7,921,000 as of December 31, 2022[114]. - The net asset value as of June 30, 2023, was SGD 7,850,000, down 6.0% from SGD 8,351,000 as of December 31, 2022[114]. - The company reported trade receivables of SGD 2,332,000 as of June 30, 2023, an increase from SGD 1,520,000 as of December 31, 2022, representing a growth of approximately 53.3%[193]. Debt and Financing - As of June 30, 2023, the company's debt-to-equity ratio was approximately 1.5, unchanged from December 31, 2022[20]. - The net debt-to-equity ratio increased to approximately 1.2 as of June 30, 2023, compared to 1.0 on December 31, 2022, due to an increase in total debt and a decrease in total equity[20]. - The company reported bank loans totaling SGD 4,747,000 as of June 30, 2023, a decrease from SGD 5,469,000 as of December 31, 2022[76]. - The total bank borrowings as of June 30, 2023, were SGD 4,747,000, down from SGD 5,469,000 as of December 31, 2022, indicating a decrease of 13.2%[82]. - The company is actively monitoring cash flow and financial ratios to ensure it can meet its debt obligations[57]. Strategic Plans and Market Focus - The group plans to cautiously expand its automotive after-sales service business and rental services in Singapore while increasing market share in mainland China[6]. - The company aims to enhance its capabilities in new technologies and equipment to adapt to challenges posed by new market developments and vehicle models[8]. - The company is focusing on diversifying revenue sources, including expanding into car rental and seeking partnerships for electric vehicle services[40]. - The company aims to phase out internal combustion engine vehicles by 2040, transitioning to electric vehicles, which may pose challenges due to reduced service and maintenance needs[40]. - The company continues to focus on expanding its automotive after-sales services and exploring new markets for growth[120]. Corporate Governance and Compliance - The company maintains high standards of corporate governance, adhering to the GEM listing rules and corporate governance code[85]. - The company has established a securities trading code of conduct for directors, ensuring compliance with GEM listing rules[84]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[87]. Joint Ventures and International Expansion - The group has a 40% ownership interest in a joint venture, Absolute By Optima Werkz (Thailand) Co., Ltd., which focuses on automotive maintenance and repair in Thailand[169]. - The group aims to expand its overseas business in Thailand to diversify its country risk[170]. - The company has invested in Optima Werkz Myanmar Services Co., Ltd. to expand its overseas business and diversify country risk, holding a 35% equity interest[178].

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。 Optima Automobile Group Holdings Limited 傲迪瑪汽車集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8418） 中期業績公告 截至二零二三年六月三十日止六個月 傲迪瑪汽車集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈 本公司及其附屬公司（統稱為「本集團」）截至二零二三年六月三十日止六個月的 未經審核簡明合併財務業績。本公告載列本公司二零二三年中期報告（「二零二三 年中期報告」）全文，並符合香港聯合交易所有限公司GEM證券上市規則（「GEM 上市規則」）有關中期業績初步公告隨附資料的相關規定。二零二三年中期報告的 印刷版本將按GEM上市規則規定的方式適時寄發予本公司股東，並可於香港聯合 交易所有限公司網站http://www.hkexnews.hk及本公司網站www.ow.sg閱覽。 承董事會命 傲迪瑪汽車集團控股有限公司 主 ...

Financial Performance - Revenue for Q1 2023 reached SGD 22,870,000, an increase of 19.0% compared to SGD 19,085,000 in Q1 2022[11] - Other income and gains amounted to SGD 164,000, up from SGD 113,000 in the same period last year, representing a 45.2% increase[11] - The company reported a loss before tax of SGD 49,000, significantly improved from a loss of SGD 384,000 in Q1 2022[11] - Total comprehensive loss for the period was SGD 84,000, compared to a loss of SGD 398,000 in the previous year[14] - Basic and diluted loss per share for Q1 2023 was SGD (0.01), an improvement from SGD (0.04) in Q1 2022[14] - The company experienced a foreign exchange gain of SGD 47,000 from overseas operations, compared to a gain of SGD 14,000 in the prior year[14] - The total comprehensive income for the period included a loss of SGD (42,000) and a foreign exchange gain of SGD 13,000[18] - The company reported a total comprehensive income of SGD 5,000 for the period[18] - The group reported a loss attributable to owners of the company of SGD 45,000 for the three months ended March 31, 2023, compared to a loss of SGD 326,000 for the same period in 2022, showing an improvement in performance[53] - The group recorded a total loss and comprehensive income of approximately SGD 102,000 in 2023, a significant improvement from a loss of SGD 415,000 in 2022[69] Revenue Breakdown - For the three months ended March 31, 2023, the automotive supply revenue increased by approximately SGD 3.3 million to about SGD 18.4 million, compared to approximately SGD 15.1 million for the same period in 2022[58] - The service revenue for the three months ended March 31, 2023, was SGD 3.414 million, an increase from SGD 3.000 million in the same period of 2022, representing a growth of approximately 13.8%[37] - The automotive rental income for the three months ended March 31, 2023, was SGD 1.018 million, up from SGD 0.804 million in the same period of 2022, reflecting a growth of approximately 26.6%[39] - The total revenue for the group for the three months ended March 31, 2023, was SGD 22.870 million, compared to SGD 19.085 million for the same period in 2022, representing an increase of approximately 14.5%[39] - The group's revenue for the year 2023 was SGD 22.9 million, an increase of approximately SGD 3.8 million compared to SGD 19.1 million in 2022, primarily due to increased sales of passenger car parts and accessories to mainland China[61] Expenses and Costs - Employee benefits expenses increased to SGD 1,519,000 from SGD 1,470,000, reflecting a rise of 3.3%[11] - The cost of materials and inventory changes rose to SGD 19.6 million in 2023 from SGD 16.3 million in 2022, mainly due to increased material costs associated with supplying automotive parts and services to mainland China[62] - Financing costs decreased to SGD 95,000 in 2023 from SGD 108,000 in 2022, mainly due to revised interest rates on short-term loans[67] - The group’s financing costs for the three months ended March 31, 2023, totaled SGD 95,000, a decrease from SGD 108,000 in the same period of 2022, reflecting a reduction of approximately 12.0%[42] Strategic Focus and Future Plans - The company plans to continue focusing on market expansion and new product development to drive future growth[11] - The group aims to enhance its position in the automotive aftermarket services and short-term and long-term leasing businesses in Singapore, while also seeking to expand its market share in mainland China[59] - The group is committed to acquiring new technologies and equipment to prepare for challenges in new market developments and new vehicle types, particularly in the context of Singapore's Green Plan 2030[59] - The group plans to adopt a cautious approach to expansion, focusing on diversifying its market presence in China across various sectors such as biocare, new retail, e-commerce, and franchise management[59] Corporate Governance and Compliance - The financial statements are prepared in accordance with Singapore Financial Reporting Standards and reflect the company's economic characteristics[26] - The audit committee reviewed the unaudited consolidated financial statements for the first quarter of 2023, confirming compliance with applicable accounting standards[93] - The board of directors confirmed adherence to the corporate governance code throughout the reporting period[91] - No directors or major shareholders have interests in any competing businesses during the year 2023[85] Shareholder Information - As of March 31, 2023, major shareholders hold approximately 44.56% of the company's shares, with Red Link International Limited being the largest shareholder[76] - The company reported no dividends for the period of 2023, consistent with the previous year[94] - As of March 31, 2023, the total number of issued shares was 850,000,000[79] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year 2023[86] - The company expressed gratitude to shareholders and partners for their ongoing support[98]

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。 Optima Automobile Group Holdings Limited 傲迪瑪汽車集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8418） 第一季度業績公告 截至二零二三年三月三十一日止三個月 傲迪瑪汽車集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然 公佈本公司及其附屬公司（統稱為「本集團」）截至二零二三年三月三十一日止 三個月的未經審核簡明合併財務業績。本公告載列本公司二零二三年第一季 度報告（「二零二三年第一季度報告」）全文，並符合香港聯合交易所有限公司 GEM（「GEM」）證券上市規則（「GEM 上市規則」）有關第一季度業績初步公 告隨附資料的相關規定。二零二三年第一季度報告的印刷版本將按GEM 上市 規則規定的方式適時寄發予本公司股東，並可於香港聯合交易所有限公司網站 http://www.hkexnews.hk及本公司網站www.ow.sg閱覽。 ...

Business Expansion and Acquisitions - The company established a wholly-owned subsidiary, Hunan Optima Automobile Co., Ltd., in Changsha, Hunan, China, to expand its parallel import vehicle trade and related businesses in Central and South China[12]. - The company acquired a total of 53% equity in Hunan Maliang Digital Technology Co., Ltd., which focuses on collecting educational data and providing management platform services for the kindergarten sector in China[12]. - The acquisition of a 53% stake in Hunan Maliang Digital Technology Co., Ltd. contributed to the group's financial performance and strategic expansion into the Chinese market[39]. - The company is actively seeking opportunities to expand its business into other regions of China and overseas[12]. - The group plans to enhance existing businesses and seek opportunities to improve growth prospects, particularly in sectors like biomedicine, new retail, e-commerce, and franchise management[64]. - The group is actively seeking expansion opportunities in the e-commerce sector to adapt to market changes and enhance growth prospects[50]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[116]. - A strategic acquisition of a local competitor was completed, valued at $100 million, which is anticipated to enhance operational efficiencies[116]. Financial Performance - The group's revenue for the fiscal year 2022 was SGD 81.6 million, an increase of approximately SGD 24.5 million from SGD 57.1 million in fiscal year 2021[41]. - Automotive supply revenue increased by approximately SGD 22.3 million to about SGD 64.7 million in fiscal year 2022, compared to approximately SGD 42.4 million in fiscal year 2021[49]. - The increase in revenue was primarily attributed to a revenue increase of approximately SGD 21.7 million from the automotive trading business in China and an increase of approximately SGD 2.5 million from subsidiaries in Singapore[59]. - The company reported a significant increase in revenue for the fiscal year ending December 31, 2022, with a total revenue of $500 million, representing a 20% year-over-year growth[116]. - User data showed a 15% increase in active users, reaching 1.2 million by the end of the reporting period[116]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 25%, aiming for $625 million in total revenue[116]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on electric vehicle technology[116]. - The education business generated revenue of approximately SGD 0.3 million in fiscal year 2022, following its addition in fiscal year 2021[49]. Operational Challenges and Market Conditions - The company’s joint venture, Optima Werkz Myanmar Services Co., Ltd., faced operational disruptions due to political unrest but has since resumed business operations[16]. - The group remains cautious about the ongoing impact of the COVID-19 pandemic and the unstable economic environment, focusing on strengthening its position in the automotive after-sales service and short-term and long-term leasing businesses[65]. Environmental Responsibility and Sustainability - The total hazardous waste disposal density decreased by approximately 41% in the fiscal year 2022 compared to fiscal year 2021, primarily due to an increase in revenue used for calculating this density[76]. - The total amount of hazardous waste generated in fiscal year 2022 was 79.31 tons, down from 93.54 tons in fiscal year 2021[76]. - The density of hazardous waste per million revenue (SGD) was 0.97 in fiscal year 2022, compared to 1.64 in fiscal year 2021[76]. - The total amount of non-hazardous waste generated in fiscal year 2022 was 13.51 tons, a decrease of approximately 29% compared to fiscal year 2021[80]. - The density of non-hazardous waste per million revenue (SGD) was 0.17 in fiscal year 2022, down from 0.24 in fiscal year 2021[80]. - Total energy consumption in FY2022 was 726,679.61 kWh, an increase from 675,292.12 kWh in FY2021, representing a 7.4% rise[84]. - The company has implemented energy-saving measures, resulting in a 25% reduction in energy consumption density due to increased revenue[83]. - The company actively promotes water conservation among employees and has implemented measures to reduce water usage[86]. - The company has established an environmental and natural resources policy to manage environmental risks and opportunities[89]. - The company has received approval for its spray painting operations, ensuring compliance with environmental regulations[90]. Corporate Governance and Compliance - The board of directors has approved a dividend payout of $0.10 per share, reflecting a commitment to returning value to shareholders[116]. - Corporate governance practices have been reviewed and updated to ensure compliance with GEM listing rules[119]. - The company has adopted and complied with the corporate governance code applicable to its business activities and decision-making processes as of December 31, 2022[148]. - The board of directors has received all relevant information in a timely manner to ensure compliance with board procedures and applicable regulations in the Cayman Islands and Hong Kong[150]. - The company has established a remuneration committee to review and recommend the overall remuneration of directors and senior management, ensuring no director determines their own remuneration[163]. - The audit committee has met at least four times during the year to consider quarterly reports, interim reports, and annual reports, ensuring effective oversight of financial reporting[165]. - The company has adopted a risk management framework that includes clear operational and reporting procedures, as well as ethical standards for all business operations[176]. - The company has implemented an insider information policy to ensure compliance with disclosure requirements related to insider trading[173]. - Independent non-executive directors have confirmed their independence in accordance with GEM listing rules, ensuring unbiased decision-making[155]. - The roles of the chairman and CEO are held by different individuals, maintaining a clear separation of responsibilities[161]. - The company has conducted training for newly appointed directors to ensure they understand their responsibilities under GEM listing rules and corporate governance codes[157]. - The company has adopted an anti-corruption policy to ensure the highest standards of integrity and ethical behavior in its business operations[179]. - All measurable goals under the board's diversity policy were fulfilled as of December 31, 2022[183]. - The external auditor's fees for audit and non-audit services provided to the company were disclosed in the annual report[182]. Research and Development - Research and development expenses increased by 10% to $30 million, focusing on innovative automotive technologies[116]. - The company is committed to acquiring new technologies and equipment to prepare for challenges in new market developments and new vehicle types, particularly in the context of Singapore's Green Plan 2030[19].

Business Expansion and Diversification - The company reported a focus on providing comprehensive automotive after-sales services, including inspection, maintenance, and repair services[10]. - A wholly-owned subsidiary, Hunan Optima Automobile Co., Ltd., was established in Changsha, China, to expand parallel import vehicle trade and related services in Central and Southern China[12]. - The company acquired a 53% stake in Hunan Maliang Digital Technology Co., Ltd., which focuses on collecting educational data and providing management platform services for the kindergarten sector in China[12]. - The subsidiary Hunan Maliang has been recognized as a high-tech enterprise since 2017 and has signed an increasing number of strategic cooperation agreements with kindergartens and other companies[12]. - The company aims to leverage the acquisition of Hunan Maliang to diversify its business into educational data collection and management platform services in China[12]. - The company is actively seeking opportunities for business expansion in sectors such as bio-health, new retail, e-commerce, and franchise management to adapt to market changes[11]. - The company plans to explore new business opportunities on e-commerce platforms to mitigate the impact of the COVID-19 pandemic on physical stores[11]. - The company aims to provide a "one-stop" quality service for customers, including parallel import vehicles, safety, and flexible vehicle financing options[12]. - The company is committed to improving its growth prospects and expanding its revenue sources through strategic acquisitions and market diversification[12]. Financial Performance - The group's revenue for the fiscal year ended December 31, 2022, was SGD 81.6 million, an increase of approximately SGD 24.5 million from SGD 57.1 million in the fiscal year ended December 31, 2021[14]. - Automotive supply revenue increased by approximately SGD 22.3 million to about SGD 64.7 million in the fiscal year 2022, compared to SGD 42.4 million in the fiscal year 2021[17]. - The group's after-sales service revenue increased by approximately SGD 0.9 million, attributed to the gradual recovery of the overall market in Singapore[17]. - The education business generated approximately SGD 0.3 million in revenue in fiscal year 2022, following its introduction in fiscal year 2021[17]. - Other income and gains for fiscal year 2022 amounted to SGD 0.7 million, up from SGD 0.4 million in fiscal year 2021, primarily due to a one-time sponsorship of SGD 0.2 million received during an anniversary celebration[24]. - The group's revenue for the fiscal year 2022 was SGD 81.6 million, an increase of approximately SGD 24.5 million from SGD 57.1 million in fiscal year 2021[24]. Operational Challenges and Risks - The group remains cautious about the ongoing COVID-19 pandemic and its impact on market conditions and economic stability in 2023[18]. - The company faces significant risks including currency, credit, liquidity, and interest rate risks that could adversely affect its business and financial performance[40]. - The company is actively monitoring cash flow to ensure it can meet its debt obligations, especially with the increase in vehicle rental financing[45]. - The company is facing challenges in maintaining a qualified workforce for electric vehicle maintenance due to potential changes in labor policies in Singapore[44]. Corporate Governance - The company reported a significant focus on corporate governance, adhering to the GEM Listing Rules and ensuring compliance with applicable regulations[93]. - The management team includes experienced professionals with over 29 years in finance and accounting, ensuring robust financial oversight[84]. - The company has a commitment to maintaining high standards of corporate governance, which is deemed crucial for sustainable growth[93]. - The board of directors is responsible for reviewing corporate governance policies annually to ensure compliance with the GEM Listing Rules[93]. - The company has established a compliance framework to oversee its business activities and decision-making processes[93]. - The company has been recognized for its adherence to corporate governance codes, reflecting its commitment to transparency and accountability[92]. Board Composition and Responsibilities - The board consists of six executive directors and three independent non-executive directors, ensuring a balanced composition in terms of gender, age, culture, and professional experience[101]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with clear written terms of reference[121]. - The board is responsible for establishing and maintaining the internal control system, which includes financial, operational, and legal compliance monitoring[146]. - The board will appoint at least one director of a different gender by the end of 2024 to enhance gender diversity[164]. Employee and Operational Management - The total employee cost for the year ended December 31, 2022, was approximately SGD 6.3 million, an increase from SGD 5.4 million in 2021[65]. - The company has 132 employees as of December 31, 2022, an increase from 121 employees in 2021[65]. - The company has established long-term lease agreements to mitigate unforeseen fluctuations in rental costs, ensuring stable operational expenses[46]. - The company has implemented a credit policy to monitor and manage credit risk effectively[49]. Shareholder Engagement and Dividends - The company encourages shareholders to attend annual general meetings and special meetings to address any questions[171]. - The company has established multiple communication channels to enhance engagement with shareholders and investors[173]. - The company does not recommend the payment of a final dividend for the year ended December 31, 2022[180]. - The company has adopted a dividend policy that requires maintaining sufficient cash reserves to meet operational needs and future business growth[189].