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 ...

Financial Performance - For the three months ended March 31, 2023, the group's unaudited revenue was approximately HKD 24.8 million, an increase of approximately 335.1% compared to HKD 5.7 million for the same period in 2022[4]. - The group reported an unaudited net profit of approximately HKD 0.6 million for the three months ended March 31, 2023, compared to a net loss of approximately HKD 14.2 million for the same period in 2022[4]. - The gross profit for the three months ended March 31, 2023, was HKD 7.9 million, compared to a gross loss of HKD 8.5 million for the same period in 2022[5]. - Operating profit for the three months ended March 31, 2023, was HKD 0.4 million, a significant improvement from an operating loss of HKD 15.3 million in the same period of the previous year[5]. - The total comprehensive income for the three months ended March 31, 2023, was HKD 0.9 million, compared to a total comprehensive loss of HKD 13.8 million for the same period in 2022[6]. - The basic and diluted earnings per share for the three months ended March 31, 2023, was HKD 0.15, compared to a loss per share of HKD 3.56 for the same period in 2022[5]. - The company reported a net profit attributable to owners of HKD 581,000 for the three months ended March 31, 2023, compared to a loss of HKD 14,235,000 in 2022[25]. - Basic earnings per share for the three months ended March 31, 2023, was HKD 0.15, a recovery from a loss of HKD 3.56 per share in the same period last year[25]. - Net profit for the reporting period was approximately HKD 0.6 million, an increase of approximately HKD 14.8 million compared to a net loss of approximately HKD 14.2 million for the three months ended March 31, 2022[36]. Revenue Breakdown - Revenue for the three months ended March 31, 2023, was HKD 24,827,000, a significant increase from HKD 5,661,000 for the same period in 2022, representing a growth of approximately 338%[14]. - Revenue from services in Hong Kong was HKD 10,018,000, up from HKD 3,608,000 in 2022, marking an increase of about 177%[16]. - Revenue from services in China reached HKD 14,659,000, compared to HKD 1,888,000 in 2022, reflecting a growth of approximately 776%[16]. - Revenue by geographical location for 2023 shows Hong Kong at HKD 10,018 thousand (40.3%), China at HKD 14,659 thousand (59.1%), and Macau at HKD 150 thousand (0.6%), compared to HKD 3,608 thousand (63.7%), HKD 1,888 thousand (33.4%), and HKD 165 thousand (2.9%) respectively in 2022[28]. Expenses and Costs - Total operating expenses for the three months ended March 31, 2023, amounted to HKD 24,311,000, an increase from HKD 21,028,000 in 2022[17]. - Service costs rose from approximately HKD 14.1 million for the three months ended March 31, 2022, to approximately HKD 17.0 million during the reporting period, an increase of approximately 20.6%[29]. - The group incurred financial expenses of HKD 1.65 million for the three months ended March 31, 2023, compared to HKD 1.04 million for the same period in 2022[5]. - The group's financial expenses net increased from approximately HKD 1.0 million for the three months ended March 31, 2022, to approximately HKD 1.2 million during the reporting period, an increase of approximately 22.3%[34]. - Employee costs totaled approximately HKD 13.3 million during the reporting period, compared to HKD 12.9 million for the three months ended March 31, 2022[43]. Dividends and Equity - The board of directors did not recommend the payment of any dividends for the three months ended March 31, 2023[4]. - The company did not recommend any dividend for the three months ended March 31, 2023, consistent with the previous year[22]. - The group had a total equity of HKD 72.2 million as of March 31, 2023, compared to HKD 115.4 million as of March 31, 2022[8]. - The group's capital structure as of March 31, 2023, included equity attributable to owners of approximately HKD 72.2 million, down from HKD 115.4 million as of December 31, 2022[37]. Corporate Governance and Management - The company has complied with the corporate governance code, with a noted deviation regarding the separation of the roles of Chairman and CEO[55][56]. - Mr. Huang Wenbo serves as both Chairman and CEO, which the board believes provides strong leadership for the company's operations[56]. - The company emphasizes maintaining high transparency levels to strengthen investor relations[57]. - The company has adopted a share option scheme to attract and retain top talent since December 1, 2017, with no options granted, exercised, canceled, or lapsed as of March 31, 2023[60]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial performance for the first quarter and found the unaudited condensed consolidated financial statements to be prepared in accordance with applicable accounting standards[61]. - As of March 31, 2023, the unaudited financial results for the three months have not been audited or reviewed by the company's auditors[62]. Business Operations - The company primarily provides audiovisual, lighting, and sound solutions services in Hong Kong, China, and Macau[10]. - The company conducted 190 events during the reporting period, compared to 75 events in the same period last year, indicating a recovery in public activities[26]. - The company expects financial performance to maintain pre-pandemic levels as public activities gradually return to normal[26]. - The group did not make any significant investments or acquisitions during the reporting period[38]. - There were no significant contingent liabilities as of March 31, 2023[40]. - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the reporting period[50]. - The company has no other disclosures regarding interests or positions held by directors or senior management as of March 31, 2023[54].

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 三 月 三 十 一 日 止 三 個 月 的 第 一 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 ...

Financial Performance - The company reported revenue of approximately HKD 94.4 million for the year ended December 31, 2022, a significant decrease of about HKD 72.2 million or 43.3% compared to the previous year[9]. - The gross loss for the reporting period was approximately HKD 17.6 million, compared to a gross profit of about HKD 25.9 million for the year ended December 31, 2021[9]. - The net loss increased from approximately HKD 9.7 million for the year ended December 31, 2021, to about HKD 53.5 million for the reporting period[9]. - The group's total revenue for the reporting period was approximately HKD 94.4 million, a significant decrease of about HKD 72.2 million or 43.3% compared to the previous year[14]. - The net loss increased from approximately HKD 9.7 million in the previous year to about HKD 53.5 million in the reporting period[14]. - The group reported a net loss of approximately HKD 53,529,000 for the year ended December 31, 2022[95]. - As of December 31, 2022, the group's current liabilities exceeded its current assets by HKD 17,426,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[95]. Operational Impact - The COVID-19 pandemic significantly impacted operations, leading to a reduction in the number of events conducted during the reporting period[9]. - The number of events handled by the group decreased to 698 from 783 in the previous year, reflecting the impact of the pandemic on operations[18]. - Revenue from exhibitions accounted for approximately 54.2% of total revenue, down from 67.9% in the previous year[18]. - The group participated in approximately 700 events during the reporting period, a decrease from 780 events in the previous year[13]. Strategic Plans - The company plans to maintain a cautious approach and robust financial policies to improve financial performance and actively explore business opportunities[10]. - The company intends to explore potential business opportunities outside the live event industry, such as content distribution and production expertise, to expand revenue sources[10]. - The group will maintain a cautious approach and seek potential opportunities to expand revenue sources and enhance shareholder value[14]. Governance and Management - The company has a strong leadership team, with key executives having over 25 years of industry experience in audio-visual solutions and technology integration[50][51][56]. - The company has a diverse board with members holding various qualifications and extensive experience in finance and law, contributing to its strategic direction[54][56]. - The board believes that having the same individual serve as both Chairman and CEO is beneficial for the company's operations and management[68]. - The board is responsible for formulating the overall strategy and monitoring management performance, with management authorized to handle daily operations[70]. - The company has adopted the GEM Listing Rules regarding the conduct of securities transactions by directors, confirming compliance during the reporting period[69]. Employee and Workforce Management - The group employed 159 staff members as of December 31, 2022, down from 171 in the previous year, with total employee costs amounting to approximately HKD 52.5 million[47]. - The total number of employees at the end of the reporting period was 159, a decrease from 171 in the previous year, representing a reduction of approximately 7%[189]. - The employee turnover rate for the total workforce was 18.8%, slightly down from 19.7% in the previous year[189]. - The average training hours per employee decreased to 13.0 hours from 13.5 hours in the previous year[196]. - There were no recorded work-related injuries or fatalities during the reporting period, consistent with the previous two years[191]. Environmental, Social, and Governance (ESG) Initiatives - The report covers the group's performance in environmental, social, and governance (ESG) matters from January 1, 2022, to December 31, 2022[122]. - The group is committed to integrating sustainability into its operations, focusing on responsible and value-optimizing practices[124]. - The company aims to set strategic goals for the next three to five years, focusing on achieving sustainable development outcomes[142]. - The company is committed to reducing its carbon footprint and managing resources responsibly, despite its operations having minimal direct environmental impact[143]. - The company has established waste classification recycling bins in the office to enhance recycling awareness among employees[152]. Climate Change and Risk Management - The company is exploring opportunities to collaborate with partners to enhance climate change resilience and reduce carbon footprint[164]. - The company plans to establish a natural disaster emergency plan to address acute physical risks such as extreme weather events, which may increase operational costs and maintenance expenses[173]. - The company is actively monitoring environmental laws and regulations to avoid litigation risks associated with non-compliance with new rules[175]. - The company has increased capital investment and R&D spending to enhance low-carbon and energy-saving technologies[176]. Shareholder Relations - The company maintains a high level of transparency to strengthen investor relations, with annual and quarterly reports updating shareholders on business developments and financial performance[112]. - The company has adopted a share option scheme since December 1, 2017, aimed at attracting and retaining top talent, with no options granted, exercised, cancelled, or lapsed as of December 31, 2022[48]. - The board of directors did not recommend the payment of any final dividend for the reporting period, consistent with the previous year[49].

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，並明確表示概不就因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 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 二 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 AV策劃推廣（控股）有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司截至二零二二年十二月三十一日止年度之經審核綜合全年 業績。 本公告載列本公司截至二零二二年十二月三十一日止年度之年度報告（「年報」） 全文，並符合香港聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上 市規則」）有關全年業績初步公告隨附資料之相關規定。載有GEM上市規則所規 定資料的年報的印刷版本將按GEM上市規則規定的方式適時寄發予本公司股 東，並可於聯交所網站www.hkexnews.hk及本公司網站www.avpromotions.com閱覽。 ...

Financial Performance - For the nine months ended September 30, 2022, the group's unaudited revenue was approximately HKD 47.4 million, a decrease of about 52.9% compared to approximately HKD 100.6 million for the same period in 2021[3] - The unaudited loss attributable to the owners of the company for the nine months ended September 30, 2022, was approximately HKD 34.4 million, an increase of about 330.0% compared to approximately HKD 8.0 million for the same period in 2021[3] - The group's gross loss for the nine months ended September 30, 2022, was HKD 13.1 million, compared to a gross profit of HKD 23.9 million for the same period in 2021[4] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 40.2 million, compared to HKD 5.8 million for the same period in 2021[5] - Total revenue for the nine months ended September 30, 2022, was HKD 47,374,000, down 52.0% from HKD 100,585,000 for the same period in 2021[12] - For the nine months ended September 30, 2022, the company reported a net loss attributable to shareholders of approximately HKD 34.4 million, an increase of about HKD 26.4 million compared to a net loss of approximately HKD 8.0 million for the same period in 2021[34] Revenue Breakdown - Revenue from services for the three months ended September 30, 2022, was HKD 23,361,000, an increase of 10.0% compared to HKD 20,967,000 for the same period in 2021[12] - The company’s revenue from the Hong Kong market for the three months ended September 30, 2022, was HKD 15,525,000, a significant increase from HKD 7,806,000 in 2021[14] - Revenue from the China market for the three months ended September 30, 2022, was HKD 7,463,000, a decrease of 42.5% from HKD 12,897,000 in 2021[14] - Revenue from exhibitions accounted for approximately 45.0% of total revenue for the nine months ended September 30, 2022, down from 64.3% in the same period of 2021[21] Expenses and Costs - Employee benefit expenses for the nine months ended September 30, 2022, were HKD 35,992,000, a decrease of 17.7% from HKD 43,733,000 in 2021[15] - Service costs decreased by approximately 21.1% from about HKD 76.7 million for the nine months ended September 30, 2021, to about HKD 60.5 million for the same period in 2022[26] - Selling expenses decreased by approximately 67.7% from about HKD 3.1 million for the nine months ended September 30, 2021, to about HKD 1.0 million for the same period in 2022[29] Dividends and Equity - The board of directors does not recommend the payment of any dividend for the nine months ended September 30, 2022, consistent with the previous year[3] - The company did not recommend any dividend payment for the nine months ended September 30, 2022, consistent with the previous year[18] - The company's total equity attributable to owners as of September 30, 2022, was HKD 88.9 million, down from HKD 134.0 million at the beginning of the year[6] - The company's capital structure as of September 30, 2022, consisted of equity attributable to shareholders of approximately HKD 88.9 million, down from HKD 128.3 million as of December 31, 2021[35] Operational Insights - The number of events held by the company decreased from 472 in the nine months ended September 30, 2021, to 437 in the same period of 2022[21] - The company continues to operate in the audiovisual, lighting, and sound solution services sector primarily in Hong Kong, China, and Macau[7] - The company has not reported any new product or technology developments in the current financial period[3] - There is no mention of market expansion or acquisitions in the current financial report[3] - The company did not make any significant investments or acquisitions during the nine months ended September 30, 2022[36] Government Support and Financial Management - Government grants received for the nine months ended September 30, 2022, amounted to HKD 1,299,000, compared to HKD 552,000 for the same period in 2021[12] - Other income increased due to a one-time government subsidy received from the Hong Kong government during the nine months ended September 30, 2022[28] - The group maintains a robust liquidity position and closely monitors its cash flow to meet funding needs[40] Corporate Governance and Compliance - The company has complied with the corporate governance code, with the exception of a deviation regarding the roles of the Chairman and CEO[55] - The board confirmed compliance with the trading standards set out in the GEM Listing Rules regarding securities transactions[47] - The group has not entered into any significant contracts with its controlling shareholders during the reporting period[44] Future Outlook - Future outlook and performance guidance are expected to be discussed in subsequent reports[62] - The company is focused on expanding its market presence and exploring new strategies for growth[62] - The report highlights ongoing efforts in product development and technological advancements[62]