Financial Performance - The company reported revenue of approximately HKD 125.9 million for the year ending December 31, 2024, a decrease of about HKD 13.3 million or 9.6% compared to the previous year[8]. - The gross profit for the reporting period was approximately HKD 30.2 million, an increase of about 38.5% from HKD 21.8 million in the previous year[12]. - The company achieved a net profit of approximately HKD 1.8 million, recovering from a net loss of about HKD 12.4 million in the previous year[12]. - The group's revenue decreased from approximately HKD 139.2 million for the year ended December 31, 2023, to approximately HKD 125.9 million during the reporting period, a decline of about 9.6%[15]. - The group's gross profit increased to approximately HKD 30.2 million during the reporting period, compared to HKD 21.8 million in 2023, resulting in a gross profit margin of approximately 24.0%[25]. - The group reported a profit attributable to the owners of the company of approximately HKD 1.8 million during the reporting period, an increase of about HKD 14.2 million compared to a loss of HKD 12.4 million in 2023[33]. - Other income, primarily from government subsidies, amounted to approximately HKD 0.4 million during the reporting period, compared to HKD 0.2 million in 2023[26]. Operational Metrics - The number of events conducted during the reporting period was approximately 780, down from about 890 events in the previous year[12]. - Revenue from exhibitions accounted for approximately 48.4% of total revenue, down from 62.0% in the previous year[12]. - Total service costs decreased from approximately HKD 117.5 million in 2023 to HKD 95.6 million during the reporting period[19]. - Employee benefit expenses accounted for approximately 31.1% of total service costs during the reporting period, compared to 27.6% in 2023[22]. - Administrative expenses decreased by approximately 18.2% from about HKD 23.1 million in 2023 to approximately HKD 18.9 million during the reporting period[30]. - The net financial expenses decreased by approximately 19.1% from about HKD 6.8 million in 2023 to approximately HKD 5.5 million during the reporting period[31]. - Employee costs totaled approximately HKD 48.5 million for the reporting period, down from HKD 53.1 million in 2023, with a total of 135 employees as of December 31, 2024, compared to 152 in 2023[44]. Governance and Compliance - The company has maintained compliance with the corporate governance code, with the exception of a deviation noted in section C.2.1[65]. - The board emphasizes the importance of transparency and accountability for maintaining shareholder trust and creating long-term value[64]. - The company has a strong commitment to corporate governance practices and policies, which are regularly reviewed and updated[65]. - The independent non-executive directors bring over 30 years of experience in financial management and corporate governance[51][53]. - The company has appointed a new independent non-executive director with extensive experience in corporate compliance and governance[55]. - The company has established a corporate secretary role to ensure adherence to corporate governance standards[61]. - The company has adopted GEM Listing Rules regarding the conduct of directors in securities trading, confirming full compliance during the reporting period[67]. Risk Management - The company acknowledges various risks and uncertainties that may impact its financial condition and operational performance, including market risk, credit risk, and liquidity risk[13]. - The company has established a risk management policy that identifies, assesses, and manages key risks affecting its business operations[122]. - The board of directors is responsible for overseeing the effectiveness of the group's risk management and internal control systems[123]. - The company has engaged an independent internal control consultant to review its internal control systems during the reporting period[122]. Environmental, Social, and Governance (ESG) Efforts - The environmental, social, and governance (ESG) report outlines the company's efforts in sustainability and social responsibility[125]. - The report covers the company's environmental, social, and governance performance from January 1, 2024, to December 31, 2024[126]. - The company adheres to the four reporting principles of significance, quantification, balance, and consistency in its ESG report[128]. - The board confirms its responsibility for the accuracy and completeness of the ESG report[133]. - The company emphasizes the integration of sustainable development concepts into its daily operations[135]. - The company has established an Environmental, Social, and Governance (ESG) Committee to enhance transparency and accountability, focusing on climate-related risks and opportunities[137]. - The company identifies key stakeholders, including investors, decision influencers, and affected groups, and maintains effective communication channels to understand market risks and opportunities[138]. Employee Management and Welfare - The total number of employees at the end of the reporting period was 135, down from 152 in the previous year[195]. - Employee composition by gender shows 77.8% male and 22.2% female, with a decrease in female representation from 24.5%[195]. - The company emphasizes a safe, inclusive, and fair work environment, aligning with labor laws in China and Hong Kong[188][193]. - The company provides competitive medical benefits and retirement security through mandatory contributions to pension plans[192]. - The employee training programs and annual performance reviews are designed to foster loyalty and align employee growth with organizational goals[189]. - The company reported zero workdays lost due to occupational injuries for the years 2022, 2023, and 2024[199]. - There were no cases of work-related fatalities reported during the operational period[199].

Financial Performance - The group reported revenue of approximately HKD 125.9 million for the year ending December 31, 2024, a decrease of about HKD 13.3 million or 9.6% compared to the previous year[4]. - Gross profit for the year was approximately HKD 30.2 million, an increase of about 38.5% from HKD 21.8 million in the previous year[4]. - The profit attributable to owners of the company was approximately HKD 1.8 million, a significant increase of about 114.5% from a loss of HKD 12.4 million in the previous year[4]. - Operating profit for the year was HKD 6.5 million, compared to an operating loss of HKD 8.8 million in the previous year[6]. - The company reported a net profit of HKD 1.8 million for the year, a turnaround from a net loss of HKD 12.4 million in the previous year[7]. - Basic earnings per share for 2024 was HKD 0.44, recovering from a loss of HKD 3.09 per share in 2023[27]. - The company recorded a profit attributable to owners of approximately HKD 1.8 million, compared to a loss of HKD 12.4 million in the previous year[32]. Revenue Breakdown - Revenue from services for the year ended December 31, 2024, was HKD 125,887,000, a decrease of 9.7% compared to HKD 139,243,000 in 2023[18]. - Revenue from Hong Kong increased to HKD 83,726,000 in 2024 from HKD 64,155,000 in 2023, while revenue from China decreased to HKD 42,161,000 from HKD 74,929,000[21]. - Revenue from exhibitions accounted for approximately 48.4% of total revenue, down from 62.0% in the previous year[35]. - Revenue from Hong Kong was HKD 83.7 million, representing 66.5% of total revenue, while revenue from China was HKD 42.2 million, representing 33.5%[36]. Expenses and Costs - The total service cost was approximately HKD 95.64 million, a decrease from HKD 117.47 million in the previous year[38]. - Employee benefits accounted for approximately 31.1% of total service costs, up from 27.6% in the previous year[40]. - Selling expenses increased by approximately 10.3% to about HKD 7.5 million, attributed to increased staffing and travel expenses in the sales department[46]. - Administrative expenses decreased by approximately 18.2% to about HKD 18.9 million, primarily due to a reduction in employee benefits expenses[47]. - Net financial expenses decreased by approximately 19.1% to about HKD 5.5 million, mainly due to a reduction in bank loan interest[48]. Assets and Liabilities - Total assets decreased from HKD 240,883,000 in 2023 to HKD 184,299,000 in 2024, a decline of approximately 23.5%[8]. - Current liabilities exceeded current assets by approximately HKD 13,740,000, indicating significant uncertainty regarding the company's ability to continue as a going concern[15]. - Total liabilities increased from HKD 125,938,000 in 2023 to HKD 182,533,000 in 2024, an increase of approximately 45%[9]. - Trade receivables and notes receivable decreased from HKD 30,503,000 in 2023 to HKD 17,765,000 in 2024, a reduction of approximately 41.8%[8]. - Cash and cash equivalents increased from HKD 7,344,000 in 2023 to HKD 12,464,000 in 2024, representing a growth of about 69%[8]. Financial Management and Strategy - The company is implementing measures to improve profitability and operational performance, including enhancing service efficiency in Hong Kong, China, and Macau[15]. - The company is seeking alternative financing methods to strengthen its liquidity position[15]. - The company has maintained a prudent financial management strategy to ensure a stable liquidity position during the reporting period[60]. - The board of directors believes that the group has adequate financial support from the ultimate controlling party to meet its obligations[16]. - The company has confidence in further improving profitability and seeks potential opportunities to expand revenue sources[32]. Governance and Compliance - The board of directors did not recommend the payment of a final dividend for the year ending December 31, 2024[5]. - The audit committee is satisfied with the independence of the auditor and recommends the reappointment of the auditor for the financial year ending December 31, 2025, subject to shareholder approval[70]. - The annual general meeting is scheduled for May 30, 2025, and shareholders will be notified accordingly[71]. - The company has maintained sufficient public float as required by GEM listing rules as of the announcement date[72].

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | AV Promotions Holdings Limited A V 策 劃 推 廣 ( 控 股 ) 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號：8419 中期報告 · 2024 | | | | | | | | | | | | 香港聯合交易所有限公司（「聯交所」）GEM的特點 GEM之定位乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市之公司帶有較高投 資風險。有意投資人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 對 本 公 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 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 AV PROMOTIONS HOLDINGS LIMITED AV策劃推廣（控股）有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8419） 截至二零二四年六月三十日止六個月之中期業績公告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的特點 GEM之 定 位 乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 聯 交 所 上 市 之 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 人 士 應 了 解 投 資 於 該 等 公 司 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 之 公 司 普 遍 為 ...

Financial Performance - The group reported revenue of approximately HKD 139.2 million for the year ending December 31, 2023, representing a significant increase of approximately HKD 44.8 million or 47.5% compared to the previous year[5]. - Gross profit for the year was approximately HKD 21.8 million, a substantial increase of approximately 223.9% from a gross loss of HKD 17.6 million in the previous year[5]. - The net loss for the year was approximately HKD 12.4 million, a significant reduction of approximately 76.8% compared to a net loss of approximately HKD 53.5 million in the previous year[5]. - The group experienced a decrease in operating loss to approximately HKD 8.8 million from HKD 53.0 million in the previous year[8]. - The total comprehensive loss for the year was approximately HKD 12.9 million, down from HKD 57.9 million in the previous year[9]. - The group reported a net loss attributable to owners of the company of HKD 12,369,000 for the year ended December 31, 2023, compared to a loss of HKD 53,529,000 in 2022, showing an improvement in financial performance[37]. - The group reported a net loss of approximately HKD 12.4 million for the reporting period, a significant decrease of about HKD 41.1 million compared to a loss of HKD 53.5 million for the year ended December 31, 2022[67]. Revenue Breakdown - The group reported revenue from services of HKD 139,243,000 for the year ended December 31, 2023, compared to HKD 94,374,000 in 2022, representing a growth of approximately 47.4%[30]. - Revenue from Hong Kong was HKD 64,155,000 in 2023, up from HKD 48,864,000 in 2022, while revenue from China increased to HKD 74,929,000 from HKD 44,219,000[32]. - Revenue from Hong Kong was HKD 64,155,000 (46.1% of total revenue) in 2023, down from HKD 48,864,000 (51.8%) in 2022, indicating a decline in contribution[51]. - Revenue from China increased to HKD 74,929,000 (53.8% of total revenue) in 2023, up from HKD 44,219,000 (46.9%) in 2022, showing a significant growth of approximately 69.6%[51]. - Customer A contributed HKD 44,269,000 to total revenue in 2023, compared to HKD 15,778,000 in 2022, indicating a significant increase in dependency on this customer[32]. Expenses and Liabilities - Total service costs for the year were HKD 117,468,000, up from HKD 111,998,000 in 2022, reflecting an increase of about 4.2%[53]. - Financial expenses increased by approximately 51.1% to HKD 6,800,000 in 2023, up from HKD 4,500,000 in 2022, primarily due to increased borrowing costs[64]. - Administrative expenses slightly decreased by about 5.3% to HKD 23,100,000 in 2023 from HKD 24,400,000 in 2022, mainly due to a reduction in employee benefits[63]. - Current liabilities exceeded current assets by approximately HKD 10,950 million as of December 31, 2023, indicating significant liquidity concerns[20]. - Non-current liabilities increased from HKD 20,824 million in 2022 to HKD 32,896 million in 2023, representing a rise of approximately 57.9%[13]. - Cash and cash equivalents decreased from HKD 12,853 million in 2022 to HKD 7,344 million in 2023, a reduction of approximately 42.5%[11]. - The total equity decreased from HKD 71,263 million in 2022 to HKD 58,350 million in 2023, a decline of approximately 18.1%[11]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a final dividend for the year ending December 31, 2023[6]. - The company did not declare or pay any dividends for the years ending December 31, 2023, and December 31, 2022[41]. - The company will hold its annual general meeting on May 31, 2024[93]. - The company will suspend the registration of share transfers from May 28, 2024, to May 31, 2024, to determine voting rights at the upcoming annual general meeting[96]. Strategic Initiatives - The company plans to implement strategies to improve profitability and operational efficiency in Hong Kong, China, and Macau[20]. - The company aims to improve profitability and create long-term value for shareholders by seeking potential business opportunities to expand revenue sources[44]. - The group anticipates a gradual recovery in financial performance as public activities return to normal following the easing of the pandemic in early 2023[81]. - The group aims to minimize the impact of the pandemic and actively explore business opportunities as the economies of Hong Kong, China, and Macau are expected to recover[81]. Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[91]. - The audit committee expressed satisfaction with the remuneration and independence of the auditor, recommending the reappointment of the auditor for the fiscal year ending December 31, 2024, subject to shareholder approval[92]. - The company has adopted the GEM Listing Rules regarding the conduct of securities transactions by directors, confirming compliance during the reporting period[87]. - The company has maintained sufficient public float as required by GEM Listing Rules[94]. Employment and Workforce - As of December 31, 2023, the group employed 152 staff members, a decrease from 159 in 2022, with total employee costs amounting to approximately HKD 53.1 million[80]. - The group’s employee benefit expenses increased slightly to HKD 53,052,000 in 2023 from HKD 52,538,000 in 2022[35].

Financial Performance - The group reported revenue of approximately HKD 139.2 million for the year ended December 31, 2023, representing a significant increase of approximately HKD 44.8 million or 47.5% compared to the previous year[5]. - Gross profit for the year was approximately HKD 21.8 million, a substantial increase of approximately 223.9% from a gross loss of HKD 17.6 million in the previous year[5]. - The net loss for the year was approximately HKD 12.4 million, a significant reduction of approximately 76.8% compared to a net loss of approximately HKD 53.5 million in the previous year[5]. - The total comprehensive loss for the year was approximately HKD 12.9 million, down from HKD 57.9 million in the previous year[9]. - The group reported a net loss attributable to owners of the company of approximately HKD 12.4 million, compared to HKD 53.5 million in the previous year[9]. - The group reported a net loss attributable to owners of the company of HKD 12,369,000 for the year ended December 31, 2023, compared to a loss of HKD 53,529,000 in 2022, indicating an improvement in financial performance[37]. - The group reported a net loss of approximately HKD 12.4 million for the reporting period, a significant decrease of about HKD 41.1 million compared to a loss of HKD 53.5 million for the year ended December 31, 2022[67]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2023[6]. - The company did not declare or pay any dividends for the years ending December 31, 2023, and December 31, 2022[41]. - The board of directors did not recommend the payment of any final dividend for the reporting period[85]. Assets and Liabilities - Total assets decreased from HKD 246,157 million in 2022 to HKD 240,883 million in 2023, a decline of approximately 2.3%[11]. - Current liabilities exceeded current assets by approximately HKD 10,950 million as of December 31, 2023, indicating significant liquidity concerns[20]. - Non-current liabilities increased from HKD 20,824 million in 2022 to HKD 32,896 million in 2023, representing a rise of approximately 57.9%[13]. - Cash and cash equivalents decreased from HKD 12,853 million in 2022 to HKD 7,344 million in 2023, a reduction of approximately 42.5%[11]. - The total equity decreased from HKD 71,263 million in 2022 to HKD 58,350 million in 2023, a decline of approximately 18.1%[11]. - As of December 31, 2023, the group's current liabilities net amount was approximately HKD 10.9 million, down from HKD 17.4 million in 2022[68]. - The group's current ratio as of December 31, 2023, was approximately 0.9, unchanged from 2022, while the debt-to-equity ratio increased to 187.4% from 139.2% in 2022[68]. Revenue Sources - The group reported revenue from services of HKD 139,243,000 for the year ended December 31, 2023, compared to HKD 94,374,000 in 2022, representing a growth of approximately 47.4%[30]. - Revenue from Hong Kong was HKD 64,155,000 in 2023, up from HKD 48,864,000 in 2022, while revenue from China increased to HKD 74,929,000 from HKD 44,219,000[32]. - Revenue from exhibitions accounted for approximately 62.0% of total revenue, up from 54.2% in the previous year[49]. - Customer A contributed HKD 44,269,000 to total revenue in 2023, a significant increase from HKD 15,778,000 in 2022, while Customer B's contribution was not applicable in 2023[32]. Operational Efficiency - The group experienced a decrease in operating loss to approximately HKD 8.8 million from HKD 53.0 million in the previous year[8]. - The company plans to implement strategies to improve profitability and operational efficiency in Hong Kong, China, and Macau[20]. - The company aims to improve profitability and create long-term value for shareholders by seeking potential business opportunities to expand revenue sources[44]. - The company expects financial performance to gradually recover to pre-pandemic levels as public activities normalize following the easing of the pandemic in early 2023[81]. - The company aims to further improve profitability and create long-term value for stakeholders as the economies of Hong Kong, China, and Macau are projected to recover[81]. Financial Management - Financial income increased to HKD 2.2 million from HKD 1.0 million in the previous year, while financial expenses rose to HKD 9.1 million from HKD 5.5 million[8]. - The weighted average effective interest rate on bank borrowings increased to 8.7% in 2023 from 4.5% in 2022[69]. - The total available bank financing amounted to approximately HKD 102.1 million as of December 31, 2023, down from HKD 117.6 million in 2022[69]. - The company is seeking additional financing options to strengthen liquidity and manage operational costs[22]. - The company has committed to maintaining communication with major banks to ensure continued access to financing[22]. Employee and Operational Costs - Employee costs totaled approximately HKD 53.1 million during the reporting period, slightly up from HKD 52.5 million in 2022, with a total of 152 employees as of December 31, 2023[80]. - The group's employee benefit expenses increased slightly to HKD 53,052,000 in 2023 from HKD 52,538,000 in 2022, reflecting stable workforce costs[35]. - Total service costs increased to HKD 117,468,000 in 2023 from HKD 111,998,000 in 2022, primarily due to increases in employee benefits, depreciation of property, plant, and equipment, and materials costs[53]. - Employee benefits accounted for 27.6% of total service costs in 2023, up from 26.7% in 2022, with costs rising to HKD 32,367,000[55]. - Depreciation of property, plant, and equipment represented 22.5% of total service costs in 2023, significantly increasing from 14.0% in 2022, attributed to changes in accounting estimates[56]. Risk Factors - The company faces various risks and uncertainties, including market risk, credit risk, and liquidity risk, which may impact its financial condition and operational performance[46]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[91]. - The audit committee expressed satisfaction with the remuneration and independence of the auditor, recommending the reappointment of the auditor for the fiscal year ending December 31, 2024, subject to shareholder approval[92]. - The annual general meeting is scheduled for May 31, 2024, to address various corporate matters[93]. - The company has maintained sufficient public float as required by GEM Listing Rules[94]. - The company will suspend share transfer registration from May 28, 2024, to May 31, 2024, to determine voting rights at the upcoming annual general meeting[96]. - The announcement includes the appointment of executive directors Mr. Huang Wenbo and Mr. Huang Zhibo, as well as independent non-executive directors Dr. Leung Wai Cheung, Mr. Cheung Wai Lun, and Mr. Chan Wing Kee[98].

Financial Performance - For the nine months ended September 30, 2023, the group's unaudited revenue was approximately HKD 102.7 million, a significant increase of about 116.7% compared to approximately HKD 47.4 million for the same period in 2022[4] - The unaudited profit attributable to the owners of the company for the nine months ended September 30, 2023, was approximately HKD 7.0 million, compared to an unaudited loss of approximately HKD 34.4 million for the same period in 2022[4] - The group reported a gross profit of HKD 29.58 million for the nine months ended September 30, 2023, compared to a gross loss of HKD 13.14 million for the same period in 2022[5] - Operating profit for the nine months ended September 30, 2023, was HKD 9.67 million, a turnaround from an operating loss of HKD 35.51 million in the same period of 2022[5] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 5.05 million, compared to a total comprehensive loss of HKD 40.24 million for the same period in 2022[6] - The company reported a basic and diluted earnings per share of HKD 1.76 for the nine months ended September 30, 2023, compared to a loss per share of HKD 8.60 for the same period in 2022[5] - The company's net profit for the nine months ended September 30, 2023, was approximately HKD 7.0 million, a significant increase of about HKD 41.4 million compared to a net loss of approximately HKD 34.4 million for the same period in 2022[38] - Revenue for the nine months ended September 30, 2023, increased to approximately HKD 102.7 million, representing a substantial growth of about 116.7% from approximately HKD 47.4 million for the same period in 2022[26] Revenue Breakdown - The geographical breakdown of revenue for the nine months ended September 30, 2023, shows HKD 43,959,000 from Hong Kong, HKD 58,580,000 from China, and HKD 159,000 from Macau[16] - Revenue from exhibitions accounted for approximately 58.7% of total revenue for the nine months ended September 30, 2023, compared to 45.0% for the same period in 2022[25] - Revenue from services for the three months ended September 30, 2023, was HKD 23,535,000, a slight increase from HKD 23,361,000 in the same period of 2022[14] Expenses and Costs - Total operating expenses for the nine months ended September 30, 2023, were HKD 97,594,000, an increase from HKD 84,095,000 in the same period of 2022[17] - Service costs rose by approximately 20.8% to about HKD 73.1 million for the nine months ended September 30, 2023, from approximately HKD 60.5 million for the same period in 2022[30] - Sales expenses increased significantly by approximately 310.0% to about HKD 4.1 million for the nine months ended September 30, 2023, compared to approximately HKD 1.0 million for the same period in 2022[34] - The company's administrative expenses decreased by approximately 9.7% to about HKD 20.4 million for the nine months ended September 30, 2023, from approximately HKD 22.6 million for the same period in 2022[35] - Employee costs for the nine months ending September 30, 2023, totaled approximately HKD 39.3 million, an increase from HKD 36.0 million for the same period in 2022[45] Financial Position - The company's capital structure as of September 30, 2023, consisted of equity attributable to owners of approximately HKD 76.3 million, an increase from HKD 71.3 million as of December 31, 2022[39] - As of September 30, 2023, the group had no significant contingent liabilities, consistent with the previous year[42] - The group maintained a robust liquidity position, continuously monitoring its cash flow and credit risk[44] Governance and Compliance - The board of directors did not recommend the payment of any dividend for the nine months ended September 30, 2023, consistent with the same period in 2022[4] - The company has complied with the corporate governance code, with the exception of a deviation regarding the roles of the chairman and CEO[59] - The chairman and CEO, Mr. Huang Wenbo, has been in dual roles since September 30, 2021, to provide strong leadership for the company[60] - The audit committee has reviewed the financial results for the three months and nine months ending September 30, 2023, and found them to comply with applicable accounting standards[64] - The unaudited consolidated financial results for the nine months ending September 30, 2023, have not been reviewed by the company's auditors[65] Shareholder Information - As of September 30, 2023, Mr. Wong Man Po held 290,000,000 shares, representing 72.5% of the company's equity[53] - Mega King holds 290,000,000 shares, representing a 72.5% ownership stake in the company[57] - The company and its subsidiaries did not redeem, purchase, or sell any of the company's securities during the nine months ending September 30, 2023[52] - The company’s shares are registered and managed by Tricor Investor Services Limited for matters related to share registration and dividend distribution[62] Strategic Focus - The company continues to focus on expanding its audiovisual, lighting, and sound solution services in Hong Kong, China, and Macau[10] - The company expects financial performance to gradually recover to pre-pandemic levels as public activities resume in Hong Kong, China, and Macau[25] - The company emphasizes maintaining high transparency levels to strengthen investor relations[61] - The company’s website is regularly updated to provide effective communication with shareholders and the public[61]

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。 AV PROMOTIONS HOLDINGS LIMITED AV策劃推廣（控股）有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8419） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 的 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特點 GEM乃為較於聯交所上市的其他公司帶有更高投資風險的中小型公司提供上 市的市場。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳 考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會承受較於聯 交所主板買賣的證券為高的市場波動風險，同時亦無法保證在GEM買賣的證 券會有高流通量的市場。 AV策劃推廣（控股）有限公司（「本公司」）各董事（「董事」）對本公告共同及個別承 ...

Financial Performance - The group's unaudited revenue for the six months ended June 30, 2023, was approximately HKD 79.2 million, a significant increase of about 230.0% compared to approximately HKD 24.0 million for the same period in 2022[4] - The profit attributable to the owners of the company for the six months ended June 30, 2023, was approximately HKD 6.0 million, compared to a loss of approximately HKD 25.0 million for the same period in 2022[4] - The operating profit for the six months ended June 30, 2023, was HKD 7.3 million, a recovery from an operating loss of HKD 27.1 million in the same period of 2022[5] - The group reported a net profit of HKD 6.0 million for the six months ended June 30, 2023, compared to a net loss of HKD 25.0 million for the same period in 2022[6] - The company's gross profit for the six months ended June 30, 2023, was approximately 20.1 million HKD, compared to a gross loss of 14.4 million HKD for the same period in 2022, resulting in a gross profit margin of approximately 25.4%[47] - The company reported a total revenue of HKD 79,163,000 for the six months ended June 30, 2023, compared to HKD 24,013,000 in 2022, representing a growth of 229%[23] Assets and Liabilities - The total assets as of June 30, 2023, amounted to HKD 260.8 million, an increase from HKD 246.2 million as of December 31, 2022[8] - The total liabilities as of June 30, 2023, were HKD 185.9 million, compared to HKD 174.9 million as of December 31, 2022[10] - The company’s total equity attributable to owners decreased to HKD 74,848,000 as of June 30, 2023, from HKD 100,351,000 at the end of the previous year, a decline of 25.4%[11] - Trade receivables as of June 30, 2023, were HKD 21,825,000, down from HKD 25,414,000 as of December 31, 2022, a decrease of 14.2%[34] - The company's bank borrowings amounted to 77.405 million HKD as of June 30, 2023, down from 81.617 million HKD as of December 31, 2022[38] Cash Flow and Expenses - Operating cash flow for the six months ended June 30, 2023, was HKD 12,199,000, a decrease from HKD 15,872,000 in the previous year, reflecting a decline of 23.6%[13] - The net cash used in investing activities was HKD (1,646,000) for the six months ended June 30, 2023, compared to HKD (9,391,000) in the same period of 2022, indicating an improvement of 82.5%[13] - Employee benefits expenses for the six months ended June 30, 2023, amounted to HKD 28,569,000, up from HKD 23,569,000 in 2022, marking a rise of 21.3%[26] - Sales expenses increased by approximately 350.0% to about HKD 2.7 million for the six months ended June 30, 2023, compared to approximately HKD 0.6 million for the same period in 2022, in line with revenue growth[50] - Administrative expenses rose by approximately 12.2% to about HKD 14.7 million for the six months ended June 30, 2023, from approximately HKD 13.1 million for the same period in 2022[51] Dividends and Shareholder Information - The company did not recommend the payment of any interim dividend for the six months ended June 30, 2023, consistent with the previous year[4] - As of June 30, 2023, the company has a significant shareholder, Mr. Huang Wenbo, holding 290,000,000 shares, representing 72.5% of the total shares[72] - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2023[64] Governance and Compliance - The company has adopted the GEM Listing Rules regarding the standards of conduct for directors' securities transactions, confirming full compliance as of June 30, 2023[70] - The company has maintained compliance with the corporate governance code, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[79][80] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim results for the six months ending June 30, 2023[84] - The audit committee believes that the unaudited financial statements are prepared in accordance with applicable accounting standards and legal requirements[84] Market and Operational Insights - The company’s operating segment is focused on providing audiovisual, lighting, and sound solutions, with no specific divisions reported[22] - The number of events conducted by the company rose to 421 for the six months ended June 30, 2023, compared to 196 events in the same period of 2022[42] - Revenue from exhibitions accounted for approximately 62.5% of total revenue for the six months ended June 30, 2023, up from 45.1% in the same period of 2022[42] - The company anticipates maintaining financial performance at pre-pandemic levels as public activities gradually return to normal[42] Financial Ratios and Metrics - The group's current liabilities net amounted to approximately HKD 13.8 million as of June 30, 2023, down from HKD 17.4 million as of December 31, 2022[55] - The group's current ratio was approximately 0.9 as of June 30, 2023, consistent with the ratio as of December 31, 2022[55] - The weighted average interest rate on bank borrowings increased to 8.0% as of June 30, 2023, compared to 4.5% as of December 31, 2022[38] Communication and Transparency - The company emphasizes maintaining high transparency levels to strengthen investor relations[81] - The company’s website is regularly updated to provide effective communication with shareholders and the public[81] - The company’s annual and interim reports serve as primary communication channels for updating shareholders on business developments and financial performance[81] - The company’s shareholder meetings are key communication channels for addressing shareholder inquiries[81]

香港交易及結算所有限公司及聯交所對本公告之內容概不負責，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公告全部或任何部份內 容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 AV PROMOTIONS HOLDINGS LIMITED AV策劃推廣（控股）有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8419） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特點 GEM之定位乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市之公司帶有較高投資風險。有意投資人士應了解投資於該等公司之 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上市之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。 AV策劃推廣（控股）有限公司（「本公司」）各董事（「董事」）對本公告共同及個別承 擔全部責任。本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）之規 定，提供有關本公司及其附屬 ...