Financial Performance - For the fiscal year ending December 31, 2024, the total revenue of Nexion Technologies Limited increased by approximately HKD 2,502,000 or 19.7% to approximately HKD 15,190,000 compared to HKD 12,688,000 in the fiscal year 2023[15]. - Revenue from the cybersecurity solutions and IT software development segment improved significantly, rising by approximately HKD 3,746,000 or 39.4% to HKD 13,252,000 in fiscal year 2024 from approximately HKD 9,506,000 in fiscal year 2023[15]. - The group reported a significant revenue increase of approximately 39.4%, from about HKD 9,506,000 in FY2023 to HKD 13,252,000 in FY2024, primarily due to strategic network security projects and growth in the VMS customer base[40]. - In fiscal year 2024, the group reported total revenue of approximately HKD 15,190,000, an increase from HKD 12,688,000 in fiscal year 2023, driven primarily by network security solutions and IT software development business[51]. - The annual loss increased from approximately HKD 13,415,000 in FY2023 to about HKD 15,517,000 in FY2024, primarily due to a decrease in adjusted EBITDA from the SaaS segment and increased expenses in the cybersecurity solutions and IT software development segments[61]. Business Development and Strategy - The company successfully launched its first large-scale multi-center Senior Care Management System (SCMS) project during the fiscal year 2024, indicating growth in its community care and healthcare sector[15]. - The company has rebranded its business segment from "Cybersecurity Solutions" to "Cybersecurity Solutions and IT Software Development" to clarify the scope of services and align with its strategic focus[15]. - The customer base and market share are expected to expand due to the growth of the Visitor Management System (VMS) and the implementation of SCMS[15]. - Future resource allocation will prioritize the development of cybersecurity solutions and IT software, particularly VMS and SCMC, to achieve positive operational performance[17]. - The group aims to expand its operations into the Asia-Pacific region through digital transformation initiatives for Singapore clients[39]. Operational Performance - The adjusted EBITDA for the network security solutions and IT software development segments was a loss of approximately HKD 1,350,000 in FY2024, an improvement from a loss of HKD 4,446,000 in FY2023[40]. - The SaaS division recorded an adjusted EBITDA loss of approximately HKD 7,291,000 in fiscal year 2024, compared to a profit of approximately HKD 1,186,000 in fiscal year 2023, mainly due to intense market competition and a decrease in service fees[46]. - The cost of goods sold increased from approximately HKD 5,074,000 in fiscal year 2023 to approximately HKD 6,736,000 in fiscal year 2024, attributed to a higher volume of hardware component purchases[52]. - Employee costs and related expenses rose to approximately HKD 6,838,000 in fiscal year 2024 from approximately HKD 5,696,000 in fiscal year 2023, due to higher salaries for newly hired employees and existing staff[55]. Environmental, Social, and Governance (ESG) Initiatives - The group is actively working to ensure compliance with environmental, social, and governance standards as part of its commitment to sustainable development[37]. - The total greenhouse gas emissions for fiscal year 2024 were 4,572 kg, a decrease of 54.5% from 10,074 kg in fiscal year 2023[98]. - The company has implemented energy-saving measures to reduce emissions, including waste management and resource utilization strategies[93]. - The company emphasizes the importance of fulfilling its social responsibilities as part of its sustainable development goals[83]. - The company has established a transparent system and reporting channels to ensure fair labor practices[120]. Corporate Governance - The roles of the Chairman and CEO are not separated, which deviates from the corporate governance code, but the board believes this arrangement serves the best interests of the group[144]. - The company has adhered to the principles of the corporate governance code, with specific exceptions noted in the report[143]. - The board consists of five members, including one executive director, one non-executive director, and three independent non-executive directors, ensuring diverse governance[149]. - The company has established various board committees to oversee specific responsibilities, enhancing governance and operational efficiency[151]. - The independent non-executive directors have confirmed their independence annually, ensuring compliance with GEM listing rules[157]. Employee Management and Development - The employee turnover rate for the fiscal year 2024 is approximately 21%, compared to 17% in fiscal year 2023[114]. - The percentage of trained employees decreased to 42% in fiscal year 2024 from 53% in fiscal year 2023[119]. - Total training hours for fiscal year 2024 were 102 hours, significantly lower than 837 hours in fiscal year 2023[119]. - The company has implemented training policies to enhance employee knowledge and skills, with a focus on gender and employee type distribution in training participation[137]. - The company encourages continuous learning and participation in external seminars and training for employees[118]. Financial Position and Assets - As of December 31, 2024, the group had current assets of approximately HKD 19,989,000, down from HKD 32,926,000 in FY2023, with cash and bank balances of about HKD 10,613,000[62]. - The group has no bank borrowings or debts as of December 31, 2024, with total assets of approximately HKD 25,897,000 and total liabilities of about HKD 9,597,000[62]. - The group completed the sale of its subsidiary Netsis Group for a total consideration of approximately USD 250,000 (about HKD 1,950,000), with net proceeds expected to be around USD 247,500 (about HKD 1,911,000)[70]. - The group recognized an impairment loss of approximately HKD 3,859,000 for intangible assets in fiscal year 2024, compared to no impairment in fiscal year 2023[56]. - The company has not reported any violations of laws regarding child labor or forced labor in both the 2024 and 2023 fiscal years[120].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 6,946,000, an increase of 15% compared to HKD 6,039,000 for the same period in 2023[2]. - Other income increased to HKD 154,000, up from HKD 92,000, representing a 67.4% increase year-over-year[2]. - Loss before tax from continuing operations was HKD 3,431,000, compared to a loss of HKD 1,959,000 in the previous year, indicating an increase in losses of 75.2%[2]. - Total comprehensive loss for the period was HKD 4,339,000, slightly improved from HKD 4,398,000 in the same period last year[3]. - Basic and diluted loss per share from continuing operations was HKD 0.37, compared to HKD 0.29 in the previous year, reflecting a 27.6% increase in loss per share[10]. - The net loss for the six months ended June 30, 2024, was HKD 4,057,000, compared to a net loss of HKD 3,902,000 for the same period in 2023, indicating a 4% increase in losses[21]. - The company reported a total comprehensive loss of HKD 4,468,000 for the six months ended June 30, 2024, compared to a total comprehensive loss of HKD 3,712,000 for the same period in 2023[21]. - The group recorded a loss of approximately HKD 3,785,000 for the six months ended June 30, 2024, compared to a loss of approximately HKD 3,712,000 for the same period in 2023, primarily due to reduced performance in the cybersecurity solutions and SaaS segments[72]. Assets and Liabilities - Current assets totaled HKD 28,308,000, a decrease from HKD 32,926,000 as of December 31, 2023[19]. - Total liabilities related to current assets were HKD 8,453,000, compared to HKD 8,422,000 in the previous year, indicating a slight increase[20]. - The company reported a net asset value of HKD 19,855,000, down from HKD 24,504,000 in the previous year[20]. - As of June 30, 2024, the company's total equity amounted to HKD 28,047,000, a decrease of 13.5% from HKD 32,386,000 as of January 1, 2023[21]. - The company's cash and cash equivalents decreased by HKD 3,681,000 during the reporting period, compared to a decrease of HKD 1,208,000 in the previous year[23]. - As of June 30, 2024, the company reported trade payables of HKD 1,040 million, an increase from HKD 949 million as of December 31, 2023, reflecting a growth of approximately 9.6%[60]. - As of June 30, 2024, trade and other payables increased to HKD 7,388 million from HKD 6,450 million as of December 31, 2023, representing a growth of approximately 14.6%[60]. Cash Flow - Cash used in operating activities for the six months ended June 30, 2024, was HKD 3,698,000, significantly higher than HKD 374,000 in the same period of 2023[22]. - The company reported a net cash inflow of HKD 858,000 from the sale of a subsidiary during the reporting period[22]. - The company incurred a total cash outflow of approximately HKD 19,000 for lease liabilities related to office properties for the six months ended June 30, 2024, compared to approximately HKD 257,000 in 2023[48]. - The net cash used in operating activities from discontinued operations was HKD 475,000 for the six months ended June 30, 2024, compared to a cash outflow of HKD 518,000 in the same period of 2023[58]. Operational Changes - The company has ceased operations in network infrastructure solutions as of February 29, 2024, focusing on cybersecurity solutions and Software as a Service (SaaS)[24]. - The company relocated its main operating location from Singapore to Malaysia on March 1, 2024[24]. - The company has shifted its focus from network infrastructure solutions to cybersecurity solutions, capitalizing on the growing market opportunities in Southeast Asia[64]. - The company has reallocated internal resources to enhance its cybersecurity service offerings and digital transformation initiatives[64]. Revenue Segments - Total revenue from external customers for the six months ended June 30, 2024, was HKD 7,040 million, compared to HKD 9,017 million for the same period in 2023, representing a decrease of approximately 22%[29]. - Revenue from Malaysia increased to HKD 3,936 million in the first half of 2024, up from HKD 1,654 million in the same period of 2023, showing a growth of approximately 138%[34]. - The adjusted EBITDA for the SaaS segment was HKD 1,138 million for the six months ended June 30, 2024, compared to HKD 364 million for the same period in 2023, reflecting a substantial increase[29]. - The adjusted EBITDA for the network security solutions segment was HKD (74) million for the six months ended June 30, 2024, compared to HKD 875 million for the same period in 2023, indicating a significant decline[29]. Employee and Operational Costs - Employee costs and related expenses were approximately HKD 3,398,000 for the six months ended June 30, 2024, reflecting higher compensation for newly hired IT professionals[69]. - Sales and marketing expenses rose to approximately HKD 845,000 for the six months ended June 30, 2024, compared to approximately HKD 86,000 for the same period in 2023, due to increased sales commissions from new customer projects[70]. - General and administrative expenses decreased from approximately HKD 2,195,000 for the six months ended June 30, 2023, to approximately HKD 1,958,000 for the same period in 2024, due to cost control measures[71]. - The total employee cost for the six months ending June 30, 2024, was approximately HKD 3,398,000, an increase of about HKD 668,000 compared to HKD 2,730,000 for the same period in 2023[82]. Shareholder Information - Major shareholders include Alpha Sense Investments Limited and XOX (Hong Kong) Limited, holding 17.44% and 13.27% of the shares, respectively[85]. - The company’s issued share capital increased to HKD 8,878 million as of June 30, 2024, following the completion of a placement of 147,960,000 shares[62]. - The net proceeds from a placement of 147,960,000 shares at HKD 0.024 per share amounted to approximately HKD 3,434,000, with HKD 1,420,000 utilized for general working capital by June 30, 2024[82]. - The unutilized net proceeds from the placement were approximately HKD 2,014,000, which the company plans to use for general working capital by June 30, 2025[82]. Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which it believes is in the best interest of the group[87]. - The audit committee, consisting of three independent non-executive directors, has reviewed the interim consolidated financial statements and confirmed compliance with applicable accounting standards[93]. - The company has adopted a code of conduct for directors regarding securities trading, with no known violations during the six months ending June 30, 2024[90].

Financial Performance - For the six months ended June 30, 2024, Nexion Technologies Limited reported revenue of HKD 6,946,000, an increase of 15% compared to HKD 6,039,000 for the same period in 2023[4] - The company incurred a loss from continuing operations of HKD 3,485,000, compared to a loss of HKD 1,937,000 in the previous year, indicating a significant increase in losses[5] - Total comprehensive loss for the period was HKD 4,339,000, slightly improved from HKD 4,398,000 in the prior year[5] - The basic and diluted loss per share from continuing operations was HKD 0.37, compared to HKD 0.29 in the previous year[12] - The company reported a net loss of HKD 3,485 million for the six months ended June 30, 2024, compared to a net loss of HKD 1,937 million for the same period in 2023[32] - The group recorded a loss of approximately HKD 3,785,000 for the six months ended June 30, 2024, compared to a loss of approximately HKD 3,712,000 for the same period in 2023, primarily due to reduced performance in the cybersecurity solutions and SaaS segments[74] Revenue and Segments - For the six months ended June 30, 2024, the total revenue from external customers was HKD 7,040 million, compared to HKD 9,017 million for the same period in 2023, representing a decrease of approximately 22%[31] - Revenue from Malaysia for the six months ended June 30, 2024, was HKD 3,936 million, up from HKD 1,654 million in 2023, reflecting an increase of approximately 138%[36] - The total revenue from the SaaS segment was HKD 1,138 million for the first half of 2024, down from HKD 2,978 million in 2023, representing a decrease of approximately 62%[38] - Revenue from the cybersecurity solutions segment was approximately HKD 5,808,000 for the six months ended June 30, 2024, up from approximately HKD 4,333,000 for the same period in 2023, attributed to improved project success rates and an expanded customer base[68] Costs and Expenses - The cost of goods sold increased to HKD 3,547,000 from HKD 1,064,000, reflecting a substantial rise in operational costs[4] - Employee costs and related expenses rose to HKD 3,398,000, up from HKD 2,730,000, indicating increased investment in human resources[4] - Sales and marketing expenses rose to approximately HKD 845,000 for the six months ended June 30, 2024, compared to approximately HKD 86,000 for the same period in 2023, driven by increased sales commissions from new customer projects[72] - The adjusted EBITDA for the network security solutions segment was HKD (74) million for the first half of 2024, compared to HKD 875 million for the same period in 2023, indicating a significant decline[31] - The company's total adjusted EBITDA for continuing operations was HKD (667) million for the first half of 2024, compared to HKD 1,239 million for the same period in 2023[34] Assets and Liabilities - The company reported cash and cash equivalents of HKD 13,539,000, down from HKD 17,597,000 at the end of 2023, showing a decrease in liquidity[20] - The company's total assets decreased from HKD 42,490 million as of December 31, 2023, to HKD 28,047 million as of June 30, 2024, representing a decline of approximately 34%[22] - The company's total equity attributable to shareholders decreased from HKD 42,336 million as of December 31, 2023, to HKD 27,904 million as of June 30, 2024, a decline of approximately 34%[23] - The company's total liabilities increased from HKD 8,422 million to HKD 13,394 million, indicating a rise of approximately 59%[22] - As of June 30, 2024, the group had current assets of approximately HKD 28,308,000, down from approximately HKD 32,926,000 as of December 31, 2023, with cash and bank balances of approximately HKD 13,539,000[75] Operational Changes - The company has relocated its main operating location from Singapore to Malaysia as of March 1, 2024, which may impact future operational strategies[26] - The company has shifted its focus towards network security solutions, capitalizing on the growing market opportunities in Southeast Asia[66] - The company has terminated its network infrastructure solution services, marking a strategic pivot in its business model[66] Shareholder and Governance - The company issued 147,960,000 new shares at a price of HKD 0.024 per share, raising approximately HKD 3,434,000 net of direct costs[64] - Major shareholders included Alpha Sense Investments Limited and XOX (Hong Kong) Limited, holding 17.44% and 13.27% of the shares, respectively[87] - The company maintained compliance with the corporate governance code, except for the deviation regarding the separation of the roles of Chairman and CEO[89] Other Financial Metrics - The company reported a net cash inflow from investing activities of HKD 37 million for the six months ended June 30, 2024, compared to a net cash outflow of HKD (569) million for the same period in 2023[24] - The company recognized other income of HKD 154 million for the six months ended June 30, 2024, compared to HKD 92 million in 2023[40] - The company reported a pre-tax loss of HKD 300,000 for the six months ended June 30, 2024, compared to a loss of HKD 1,775,000 for the same period in 2023[60]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 NEXION TECHNOLOGIES LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8420） 有關二零二三年年度報告的補充公告 茲提述Nexion Technologies Limited（「本公司」，連同其附屬公司，統稱「本集團」） 於二零二四年三月二十七日刊發的截至二零二三年十二月三十一日止年度的年度 報告（「二零二三年年度報告」）。除文義另有所指外，本公告所用詞彙與二零二三 年年度報告所界定者具有相同涵義。 除於二零二三年年度報告「管理層討論及分析－重大事項－根據一般授權配售新 股份」一節所披露的資料外，董事會謹此根據GEM 上市規則第18.32(8) 條，就於 自二零二三年十月十三日配售事項完成日期（「完成日期」）起及直至二零二三年 十二月三十一日期間的動用配售事項所得款項淨額用途提供補充資料。有關詳情 載列如下： | --- | --- | --- | --- ...

Financial Performance - For the fiscal year ending December 31, 2023, the company reported a revenue decrease of approximately $1,527,000 or 48.4%, totaling around $1,627,000 compared to $3,154,000 in 2022[12]. - Total revenue for the year ended December 31, 2023, was approximately $1,627,000, a decrease from $3,154,000 in 2022, with cybersecurity solutions generating $1,219,000 and SaaS business generating $408,000[45]. - The annual loss increased to approximately $1,720,000 in 2023 from $1,160,000 in 2022, primarily due to decreased performance in the cybersecurity solutions segment[57]. - The network infrastructure solutions segment reported an adjusted EBITDA profit of approximately $138,000 for the year ended December 31, 2023, compared to $36,000 in 2022, primarily due to higher-margin project completions and cost control[38]. - The network security solutions segment reported an adjusted EBITDA loss of approximately $570,000 for the year ended December 31, 2023, down from a profit of $17,000 in 2022, mainly due to inventory write-downs of about $414,000 and goodwill impairment losses of approximately $355,000 related to the acquisition of WerkDone[38]. - The SaaS segment maintained a stable adjusted EBITDA profit of approximately $152,000 for both the years ended December 31, 2023, and 2022[42]. Strategic Focus and Market Opportunities - The company is focusing on developing its cybersecurity solutions and expanding into the digital transformation and smart technology sectors, responding to the global trend of aging populations[11]. - The global cybersecurity market is projected to grow from approximately $173.5 billion in 2022 to about $266 billion by 2027, with a compound annual growth rate (CAGR) of 8.9%[13]. - The company plans to enhance its internal resources and investments in cybersecurity solutions to become a leader in the Southeast Asian market[13]. - The company aims to expand its digital transformation and smart technology market share in the elder care management system and smart healthcare system sectors, leveraging its visitor management system[39]. - The company plans to develop its visitor management system into a comprehensive elder care management system and smart healthcare system, addressing the growing demand in Singapore, one of the fastest aging populations globally[44]. - The company is committed to providing high-quality cybersecurity solutions to meet the evolving demands of the vibrant and growing technology environment in Southeast Asia[43]. Governance and Leadership - The company has appointed several independent non-executive directors with extensive backgrounds in finance and law, enhancing its governance structure[27][28]. - The management team includes professionals with significant experience in various sectors, including technology, finance, and law, contributing to strategic decision-making[30]. - The financial performance and strategic direction of the company are supported by a diverse and experienced leadership team[26][30]. - The board's composition reflects a commitment to strong corporate governance and accountability, with members holding key positions in various committees[28]. - The company emphasizes the importance of innovation and flexibility in its business strategies to achieve strong performance[15]. Environmental and Social Responsibility - The company emphasizes compliance with environmental laws in Malaysia, Singapore, and China, including the Environmental Protection Act and the Air Pollution Prevention and Control Law[90]. - The company aims to enhance its environmental performance by adopting standardized methods for calculating key performance indicators[83]. - The company is committed to sustainable development through its network infrastructure solutions, cybersecurity services, and SaaS offerings[89]. - Stakeholder engagement is prioritized to identify key environmental, social, and governance issues for continuous improvement[85]. - The company has implemented energy-saving measures to reduce emissions from its operations in Malaysia, Singapore, and China[89]. - The company encourages feedback from stakeholders regarding its environmental, social, and governance policies and performance[82]. Employee and Workplace Policies - The company has maintained a discrimination-free workplace, ensuring equal employment opportunities regardless of race, nationality, age, gender, religion, or disability[107]. - The company has a performance-based compensation policy, conducting annual performance evaluations for all employees[108]. - Employee turnover rate for the year ended December 31, 2023, is approximately 17%, down from 35% in 2022[119]. - Percentage of trained employees increased to 53% in 2023 from 43% in 2022[121]. - Total training hours increased significantly to 837 hours in 2023 from 190 hours in 2022[121]. - Average training hours per employee rose to 38 hours in 2023 from 17 hours in 2022[121]. Corporate Governance - The board of directors consists of five members, including one executive director, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[161]. - The company held a total of eight board meetings during the fiscal year ending December 31, 2023, with full attendance from all directors[168]. - The company has adopted the GEM Listing Rules as its code of conduct for securities trading by directors, ensuring compliance with trading standards[160]. - The company did not separate the roles of Chairman and CEO, which is a deviation from the corporate governance code, but believes this arrangement serves the best interests of the group[155][156]. - The board reviews and updates corporate governance policies and practices annually to support the company's objectives[157]. - The company emphasizes the importance of ethical conduct, transparency, accountability, and integrity in all business operations[157].

Financial Performance - For the fiscal year ending December 31, 2023, Nexion Technologies Limited reported a revenue decrease of approximately $1,527,000 or 48.4%, totaling around $1,627,000 compared to $3,154,000 in 2022[15]. - The total revenue for the year ended December 31, 2023, was approximately $1,627,000, a decrease from $3,154,000 in 2022, primarily due to a reduction in revenue from the cybersecurity solutions segment, which generated about $1,219,000 compared to $2,551,000 in 2022[48]. - The annual loss increased from approximately $1,160,000 in 2022 to about $1,720,000 in 2023, primarily due to the decline in the reported performance of the cybersecurity solutions segment[60]. - The network infrastructure solutions segment reported an adjusted EBITDA profit of approximately $138,000 for the year ended December 31, 2023, compared to $36,000 in 2022, primarily due to the completion of higher-margin projects and cost control measures[41]. - The network security solutions segment reported an adjusted EBITDA loss of approximately $570,000 for the year ended December 31, 2023, down from a profit of $17,000 in 2022, mainly due to inventory write-downs of about $414,000 and goodwill impairment losses of approximately $355,000 related to the acquisition of WerkDone[41]. Business Strategy and Market Focus - The decline in revenue was attributed to project completion delays, delays in bid awards, and a focus on high-margin network security solution projects[15]. - The company is enhancing its hardware and software resources to increase the success rate of winning bids and is seeking new business opportunities in existing and new technology products[15]. - Nexion Technologies Limited is focusing on developing comprehensive elderly care management systems and smart healthcare systems to address the growing global trend of quality elderly care services[14]. - The company aims to expand its market presence in network security solutions, particularly in Malaysia and Singapore, while also venturing into the software as a service (SaaS) market in China[14]. - The company’s business strategy emphasizes the development of network security solutions and digital transformation for enterprises[14]. Compliance and Governance - Nexion Technologies Limited's annual report is compliant with the GEM listing rules and will be available on the Hong Kong Stock Exchange website and the company's website[2]. - The company is committed to providing accurate and complete information in its announcements, ensuring no misleading or fraudulent elements are present[3]. - The board of directors has confirmed the accuracy of the information provided in the annual report after reasonable inquiries[8]. - The company is committed to complying with GEM listing rules and corporate governance codes, ensuring transparency and accountability in its operations[170]. - The board consists of five members, including one executive director, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[164]. Environmental and Social Responsibility - The company has implemented energy-saving measures to reduce emissions from its operations in Malaysia, Singapore, and China, focusing on waste management and resource utilization[92]. - The company is committed to using advanced and environmentally friendly technologies to protect the environment and optimize the use of natural resources[92]. - Total greenhouse gas emissions for the year ended 2023 were 10,074 kg, a decrease from 10,375 kg in 2022, representing a reduction of approximately 2.9%[101]. - The company has not reported any significant hazardous waste generation in 2023, maintaining a status of zero hazardous waste production[141]. - The company actively supports community investment and encourages employee participation in volunteer and charitable activities[138]. Employee Management and Training - Employee costs for the year totaled approximately $731,000, a decrease of about $417,000 from $1,148,000 in 2022, with a total of 22 employees as of December 31, 2023[78]. - The employee turnover rate for the year ended December 31, 2023, was approximately 17%, down from 35% in 2022[122]. - The percentage of employees receiving training increased to 53% in 2023 from 43% in 2022[124]. - Total training hours for employees rose significantly to 837 hours in 2023 from 190 hours in 2022[124]. - The company promotes a safe working environment, with no reported cases of employee injury or death in the past three fiscal years[121]. Risk Management and Future Outlook - The company will closely monitor potential impacts from future interest rates and geopolitical tensions while ensuring business continuity[16]. - The company aims to explore synergistic development opportunities and adapt its business strategies to strengthen growth and maximize shareholder value[16]. - The company plans to enhance its cybersecurity solution services and invest in innovation to become a leader in the Southeast Asian market[16]. - The company aims to enhance profitability and operational efficiency while minimizing potential adverse environmental impacts through regular reviews and upgrades of existing technologies[92]. - The company has identified and is addressing significant climate-related issues that may impact its operations[144].

Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of $1,627,000, a decrease of 66.8% compared to $4,898,000 for the same period in 2022[5]. - The cost of goods sold for the nine months was $636,000, down 79.7% from $3,133,000 in the previous year[5]. - The company incurred a loss before tax of $756,000 for the nine months, compared to a loss of $943,000 in the same period last year, representing a 19.8% improvement[5]. - The total comprehensive loss for the nine months was $837,000, a reduction of 22.0% from $1,073,000 in the prior year[6]. - Basic and diluted loss per share for the nine months was $0.11, an improvement from $0.14 in the same period of 2022[6]. - The company reported a net loss of $753,000 for the nine months ended September 30, 2023, compared to a net loss of $949,000 for the same period in 2022[24]. - For the nine months ended September 30, 2023, the company reported a loss attributable to owners of $801,000, compared to a loss of $1,015,000 for the same period in 2022, representing a 21% improvement[32]. - The net loss for the nine months ended September 30, 2023, was approximately $753,000, down from approximately $949,000 for the same period in 2022, reflecting improvements in the performance of reportable segments[59]. Revenue Breakdown - Revenue from the Network Infrastructure Solutions segment was $461,000, while the Network Security Solutions segment generated $813,000, and the SaaS segment contributed $353,000 for the nine months ended September 30, 2023[22]. - Revenue from Singapore decreased significantly to $477,000 in 2023 from $2,067,000 in 2022, reflecting a decline of 76.9%[26]. - The network infrastructure solutions segment generated revenue of approximately $461,000, down from $2,233,000 in the previous year, primarily due to a decrease in the scale of new projects completed[51]. - The network security solutions segment reported revenue of approximately $813,000, compared to $2,240,000 in the prior year, mainly due to project delays[51]. - The SaaS segment achieved a revenue of approximately $353,000, down from $425,000 in the same period last year, attributed to a general reduction in sales activities[51]. - The company generated $238,000 in revenue from Cyprus for the nine months ended September 30, 2023, which was not reported in the previous year[26]. Cost Management - The company continues to focus on cost management, with employee costs reduced to $603,000 from $1,085,000 year-over-year, a decrease of 44.4%[5]. - General and administrative expenses decreased from approximately $1,025,000 for the nine months ended September 30, 2022, to approximately $552,000 for the nine months ended September 30, 2023, attributed to cost control measures[57]. - Subcontracting costs for cybersecurity solutions and SaaS business were approximately $76,000 for the nine months ended September 30, 2023, down from approximately $122,000 for the same period in 2022[55]. - Sales and marketing expenses were approximately $23,000 for the nine months ended September 30, 2023, compared to approximately $27,000 for the same period in 2022, showing no significant fluctuation[56]. - The cost of goods sold decreased from approximately $3,133,000 for the nine months ended September 30, 2022, to approximately $636,000 for the nine months ended September 30, 2023, primarily due to a reduction in hardware component purchases[53]. Equity and Shareholder Information - As of September 30, 2023, total equity attributable to the company's equity holders was $4,560,000, down from $5,427,000 at the beginning of the year[10]. - The weighted average number of ordinary shares for the nine months ended September 30, 2023, was 739,800,000 shares, slightly up from 724,424,000 shares in the same period of 2022[32]. - The company did not recommend any dividend payment for the nine months ended September 30, 2023, consistent with the previous year[33]. - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous period[66]. Strategic Focus and Developments - The company has not disclosed any new product developments or market expansion strategies during the reporting period[5][6]. - There were no significant mergers or acquisitions reported in the current financial period[5][6]. - The company has identified significant market opportunities in Southeast Asia's cybersecurity sector, with spending expected to grow from approximately $3.2 billion in 2021 to about $6.1 billion by 2026, representing a growth rate of approximately 14%[45]. - The company plans to enhance its business and expand into the enterprise digital transformation and smart technology sectors following recent acquisitions[44]. - The company has developed a comprehensive elderly care management system, expanding its offerings beyond access management solutions, which is expected to increase its market share in the digital transformation and smart technology sectors[48]. Compliance and Governance - The company has complied with the applicable corporate governance code provisions, except for the deviation from code provision C.2.1, which states that the roles of Chairman and CEO should be separated[75]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2023, and found them to comply with applicable accounting standards[81]. Taxation - The company has established tax exemptions for entities in the Cayman Islands and British Virgin Islands, resulting in no tax provisions for Hong Kong profits for the nine months ended September 30, 2023[30]. - The estimated corporate tax rate for Singapore is 17%, with certain exemptions applicable for the first SGD 10,000 of taxable income[31]. - The company reported no current tax expenses for the nine months ended September 30, 2023, in relation to its operations in China, Malaysia, and Singapore[30].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」)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之任何損失承擔任何責任。 NEXION TECHNOLOGIES LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8420） 截至二零二三年九月三十日止九個月之第三季度業績公告 Nexion Technologies Limited（「本公司」）董事會欣然宣佈本公司及其附屬公司截至 二零二三年九月三十日止九個月之未經審核簡明綜合財務業績。本公告載有本公 司二零二三年第三季度業績報告（「第三季度業績報告」）全文，符合聯交所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之相關規 定。本公司第三季度業績報告的印刷版本將於適當時候寄發予本公司股東，並刊 登於聯交所網站www.hkexnews.hk及本公司網站http://nexion.com.hk供閱覽。 承董事會命 Nexion Technologies Limited 主席兼執行董事 Ong Gim Hai 香港，二零二三年十一 ...

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of $1,156,000, a decrease of 72.9% compared to $4,261,000 for the same period in 2022[4]. - The company incurred a loss before tax of $480,000 for the six months ended June 30, 2023, compared to a loss of $458,000 for the same period in 2022, indicating a slight increase in losses[4]. - Total comprehensive loss for the six months ended June 30, 2023, was $565,000, compared to $374,000 for the same period in 2022, reflecting a 51.1% increase in losses[6]. - For the six months ended June 30, 2023, the company reported a net loss of $501,000, compared to a net loss of $482,000 for the same period in 2022, indicating a 4% increase in losses year-over-year[8]. - The company reported a basic and diluted loss per share of $0.07 for the six months ended June 30, 2023, unchanged from the same period in 2022[6]. Assets and Liabilities - As of June 30, 2023, the company's total assets amounted to $4,894,000, a decrease from $5,374,000 as of December 31, 2022, representing a decline of 8.9%[7]. - The company's net asset value as of June 30, 2023, was $4,882,000, down from $5,447,000 at the end of 2022, indicating a decrease of 10.4%[7]. - The company’s total liabilities as of June 30, 2023, were $1,518,000, down from $1,718,000 at the end of 2022, indicating an 11.6% reduction[7]. - The company’s inventory increased significantly to $707,000 as of June 30, 2023, compared to $30,000 at the end of 2022, representing a substantial increase of 2,256.7%[7]. Cash Flow and Investments - The company’s cash flow from operating activities was a net outflow of $48,000, significantly improved from a net outflow of $2,803,000 in the previous year, representing an 83% reduction in cash used[9]. - The company’s investment activities resulted in a net cash outflow of $73,000, contrasting with a net cash inflow of $1,126,000 in the same period last year[9]. - The company’s financing activities resulted in a net cash outflow of $34,000, slightly improved from a net outflow of $39,000 in the previous year[9]. Revenue Segmentation - Revenue from the Network Infrastructure segment was $382 million, down 81.6% from $2,073 million in the previous year[20]. - Revenue from the Cybersecurity segment was $555 million, a decrease of 71.5% compared to $1,945 million in the same period last year[20]. - The SaaS segment generated $219 million in revenue, down 9.9% from $243 million in the same period of 2022[20]. Operational Changes and Strategy - The company continues to focus on network infrastructure solutions, cybersecurity solutions, and Software as a Service (SaaS) offerings as part of its core business strategy[10]. - The company has identified a need for market expansion and new product development to address declining revenues in key segments[24]. - The company is exploring strategic acquisitions to enhance its market position and diversify its offerings[24]. - The company anticipates that the network security solutions business will become a major focus in the coming years, driven by the growing demand for digital transformation and smart technology solutions[68]. - The company has reallocated internal resources and adjusted its business strategy to focus on developing its network security solutions business and expanding into the enterprise digital transformation sector[68]. Governance and Compliance - The company has complied with the applicable corporate governance code provisions, except for the deviation from code provision C.2.1, which states that the roles of the chairman and CEO should be separated[105]. - The audit committee, consisting of three independent non-executive directors, has reviewed the interim consolidated financial statements and found them to comply with applicable accounting standards[112]. - The board of directors includes one executive director, one non-executive director, and three independent non-executive directors as of the report date[113].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」)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之任何損失承擔任何責任。 NEXION TECHNOLOGIES LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8420） 截至二零二三年六月三十日止六個月之中期業績公告 Nexion Technologies Limited（「本公司」）董事會欣然宣佈本公司及其附屬公司截 至二零二三年六月三十日止六個月之未經審核簡明綜合財務業績。本公告載有本 公司二零二三年中期業績報告（「中期業績報告」）全文，符合聯交所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之相關規定。本公司 中期業績報告的印刷版本將於適當時候寄發予本公司股東，並刊登於聯交所網站 www.hkexnews.hk及本公司網站http://nexion.com.hk供閱覽。 承董事會命 Nexion Technologies Limited 主席兼執行董事 Ong Gim Hai 香港，二零二三年八月八日 於本公告日期， ...