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） 截至二零二三年三月三十一日止三個月之第一季度業績公告 Nexion Technologies Limited（「本公司」）董事會欣然宣佈本公司及其附屬公司截至 二零二三年三月三十一日止三個月之未經審核簡明綜合財務業績。本公告載有本 公司二零二三年第一季度業績報告（「第一季度業績報告」）全文，符合聯交所GEM 證券上市規則（「GEM上市規則」）有關第一季度業績初步公告隨附資料之相關規 定。本公司第一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 ...

Financial Performance - For the year ended December 31, 2022, the company's revenue decreased by approximately $1,521,000 or 21.9% to about $5,434,000 compared to $6,955,000 in 2021[13] - The company achieved a profit of approximately $205,000 for the year, an increase of $1,302,000 or 118.7% compared to a loss of approximately $1,097,000 in the previous year[13] - The annual loss reduced from approximately $3,080,000 for the year ended December 31, 2021, to about $1,160,000 for the year ended December 31, 2022, driven by improved performance in the network infrastructure, cybersecurity solutions, and SaaS segments[63] - Total revenue for the group was approximately $5,434,000 for the year ended December 31, 2022, down from approximately $6,955,000 in 2021, with network infrastructure solutions revenue decreasing to approximately $2,280,000 from $4,349,000[54] - The cost of goods sold decreased to approximately $3,726,000 for the year ended December 31, 2022, from approximately $4,642,000 in 2021, mainly due to reduced hardware purchases[55] - Employee costs and related expenses were approximately $1,263,000 for the year ended December 31, 2022, down from approximately $1,775,000 in 2021, attributed to reduced employee benefits and share-based payments[57] - General and administrative expenses decreased from approximately $1,450,000 for the year ended December 31, 2021, to about $981,000 for the year ended December 31, 2022, primarily due to cost control measures[62] Market Trends and Strategy - The global cybersecurity market is projected to grow from approximately $173.5 billion in 2022 to about $266.2 billion by 2027, with a compound annual growth rate (CAGR) of approximately 8.9%[14] - The company plans to strengthen its internal resources and investments in cybersecurity solutions in response to macro trends[14] - The company aims to continuously explore synergistic development opportunities and adapt its business strategies to enhance growth and maximize shareholder value[14] - The cybersecurity solutions business is expected to become a primary focus for the company in the coming years, driven by significant market opportunities in Southeast Asia, where cybersecurity spending is projected to grow from approximately $3.2 billion in 2021 to approximately $6.1 billion by 2026[50] - The company is actively monitoring risks related to rising interest rates, geopolitical tensions, and trade conflicts, while exploring synergistic development opportunities to enhance business growth[51] Leadership and Governance - Ong Gim Hai has been appointed as the CEO and Chairman since May 31, 2022, overseeing overall corporate strategy and daily operations[19] - The company has a diverse board with members holding significant experience in finance, law, and technology[26] - The board includes members with extensive backgrounds in accounting and tax consulting, enhancing financial oversight[29] - The company aims to leverage its board's diverse expertise to drive strategic growth and market expansion[26] - 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[176] - The company has adopted the GEM Listing Rules and has confirmed compliance with the corporate governance code, except for a deviation regarding the separation of the roles of chairman and CEO[169][171] Employee and Workforce Management - The company emphasizes the importance of a harmonious work environment to retain capable employees and enhance morale through various employee activities[104] - Employee turnover rate for the year ended December 31, 2022, was approximately 35%, up from 25% in 2021[134] - The total number of suppliers decreased to 44 in 2022 from 68 in 2021, with significant reductions in Malaysia and Singapore[140] - The company had 23 employees as of December 31, 2022, down from 28 employees in 2021[89] - The gender distribution of employees in 2022 was 16 males and 7 females, compared to 12 males and 16 females in 2021[125] Environmental and Social Responsibility - The company has implemented various energy-saving measures to reduce emissions, including waste management and resource utilization strategies[107] - The total greenhouse gas emissions for the year ended December 31, 2022, amounted to 10,375 kg, an increase from 7,809 kg in 2021, primarily due to increased overseas travel as pandemic restrictions eased[113] - The company encourages employees to adopt environmentally friendly practices, such as double-sided printing and using biodegradable products[115] - The company has established a waste recycling program, significantly reducing paper usage and ensuring proper recycling of paper, aluminum cans, and plastic bottles[114] - The company actively engages in community investment and supports charitable organizations, reflecting its commitment to corporate social responsibility[150] Financial Commitments and Investments - Capital expenditure commitments amounted to approximately $4,332,000 as of December 31, 2022, an increase from about $1,569,000 in 2021[72] - The company completed the sale of Fortune Shoreline Limited for a total consideration of approximately $1,166,000 on May 18, 2022, allowing for the reallocation of financial resources to future investment opportunities[78] - The acquisition of Werkdone was completed with a maximum consideration of SGD 3,500,000 (approximately $2,628,000), with 50% paid in cash and 50% in shares, contingent on profit guarantees[73] Compliance and Risk Management - The company adopts a zero-tolerance policy towards bribery, extortion, fraud, and money laundering, ensuring compliance with relevant laws and internal policies[149] - The company has implemented a whistleblowing policy to encourage reporting of any suspected violations or misconduct[149] - The company has not been aware of any non-compliance with anti-corruption laws and regulations during the fiscal years ending December 31, 2022, and December 31, 2021[149]

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） 截至二零二二年十二月三十一日止年度之年度業績公告 Nexion Technologies Limited（「本公司」）董事會欣然宣佈本公司及其附屬公司截至 二零二二年十二月三十一日止年度之經審核綜合財務業績。本公告載有本公司二 零二二年年報（「年報」）全文，符合聯交所GEM證券上市規則（「GEM上市規則」） 有關年度業績初步公告隨附資料之相關規定。本公司年報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，二零二三年三月二十四日 於本公告日期，董事會成員包括一名執行 ...

NEXION TECHNOLOGIES LIMITED 2022 第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM 之特色 GEM 的定位，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的公 司帶有較高投資風險。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳的考 慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣的證券承受較 大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 本報告乃遵照聯交所 GEM 證 券 上 市 規 則（「GEM 上 市 規 則」）之 規 定 提 供 有 關 Nexion Technologies Limited（「本公司」）及其附屬公司（統稱「本集團」）之資料。本公司各董事（「董 事」）願對本報告所載資料共同及個別承擔全部責任。董事在作出一切合理查詢後，確認就彼等 所深知及確信，本報告所載資料在各重要方面均屬準確及完備，沒有誤導或欺詐成分，且並無 遺漏任何其他事項致使本報告或其所載任何陳述產生誤導。 業績 本公司董事會（「董事會」）特此宣佈本集團截至二零二二年九月三十日止九個 ...

NEXION TECHNOLOGIES LIMITED 2022 中期報告 香港聯合交易所有限公司（「聯交所」）GEM 之特色 GEM 的定位，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的公 司帶有較高投資風險。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳的考 慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣的證券承受較 大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報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。 本報告乃遵照聯交所 GEM 證 券 上 市 規 則（「GEM 上 市 規 則」）之 規 定 提 供 有 關 Nexion Technologies Limited（「本公司」）及其附屬公司（統稱「本集團」）之資料。本公司各董事（「董 事」）願對本報告所載資料共同及個別承擔全部責任。各董事在作出一切合理查詢後，確認就彼 等所深知及確信，本報告所載資料 ...

NEXION TECHNOLOGIES LIMITED 2022 第一季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM 之特色 GEM 的定位，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的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳 的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣的證券承受較 大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 本報告乃遵照聯交所 GEM 證 券 上 市 規 則（「GEM 上 市 規 則」）之 規 定 提 供 有 關 Nexion Technologies Limited（「本公司」）及其附屬公司（統稱「本集團」）之資料。本公司各董事（「董 事」）願對本報告所載資料共同及個別承擔全部責任。董事在作出一切合理查詢後，確認就彼等 所深知及確信，本報告所載資料在各重要方面均屬準確及完備，沒有誤導或欺詐成分，且並無 遺漏任何其他事項致使本報告或其所載任何陳述產生誤導。 CONSOLIDATED STATEMENT OF FINANCIAL ...

NEXION TECHNOLOGIES LIMITED 2021年 報 目錄 | 香港聯合交易所有限公司GEM 之特色 | 2 | | --- | --- | | 公司資料 | 3 | | 主席報告 | 4 | | 董事及高級管理層履歷 | 5 | | 管理層討論及分析 | 9 | | 環境、社會及管治報告 | 17 | | 企業管治報告 | 36 | | 董事會報告 | 50 | | 獨立核數師報告書 | 63 | | 綜合損益及其他全面收益表 | 71 | | 綜合財務狀況表 | 72 | | 綜合權益變動表 | 73 | | 綜合現金流量表 | 75 | | 綜合財務報表附註 | 76 | | 財務概要 | 139 | 1 香港聯合交易所有限公司（「聯交所」）GEM 之特色 GEM的定位，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的公司帶有較高投資風險。 有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險， 同時無法保證在GEM 買賣的證券會有高 ...

Financial Performance - For the nine months ended September 30, 2021, the company reported total revenue of $2,046,000, a decrease of 75.7% compared to $8,281,000 for the same period in 2020[4] - The cost of goods sold for the nine months was $643,000, which increased by 84.8% from $348,000 in the previous year[4] - The company incurred a loss before tax of $1,220,000 for the nine months, improving by 57.1% from a loss of $2,833,000 in the same period of 2020[4] - The net loss for the nine months was $1,225,000, a reduction of 56.7% compared to $2,834,000 in the prior year[4] - Basic and diluted loss per share for the nine months was $0.18, compared to $0.37 for the same period in 2020[6] - The company reported other income of $201,000 for the nine months, down from $246,000 in the previous year, reflecting a decrease of 18.3%[4] - Employee costs and related expenses totaled $639,000 for the nine months, a slight decrease of 2.9% from $658,000 in 2020[4] - The company’s total comprehensive loss for the nine months was $1,235,000, compared to $2,846,000 in the same period last year, indicating a 56.6% improvement[6] - The adjusted EBITDA for the nine months ended September 30, 2021, was $(37,000), an improvement from $(538,000) in the same period of 2020[23] - The company reported a basic and diluted loss per share of $0.02 for the three months ended September 30, 2021, compared to a loss of $0.07 for the same period in 2020[31] - For the nine months ended September 30, 2021, the company incurred a loss of $1,270,000, an improvement from a loss of $2,679,000 in the same period of 2020[31] - The company recorded a loss of approximately $1,225,000 for the nine months ended September 30, 2021, a decrease from approximately $2,834,000 for the same period in 2020[54] Revenue Segmentation - Revenue from the network infrastructure solutions segment was $476,000, down 23.9% from $625,000 in the previous year[21] - The network security solutions segment generated revenue of $852,000, an increase of 287.3% compared to $220,000 in the same period last year[21] - SaaS revenue for the nine months ended September 30, 2021, was $718,000, a significant decrease from $7,436,000 in the same period of 2020[21] - Geographic revenue breakdown shows that revenue from China dropped to $718,000 from $7,436,000 year-over-year[26] - Revenue from the network infrastructure solutions segment was approximately $476,000, down from approximately $625,000 in the prior year[46] - Revenue from the network security solutions segment increased to approximately $852,000, compared to approximately $220,000 in the same period last year[46] Expenses and Cost Management - The company incurred depreciation and amortization expenses of $628,000 for the nine months ended September 30, 2021, down from $1,193,000 in the same period of 2020[23] - Interest income for the nine months ended September 30, 2021, was $15,000, a decrease from $58,000 in the previous year[23] - General and administrative expenses decreased from approximately $1,487,000 for the nine months ended September 30, 2020, to approximately $1,020,000 for the same period in 2021, mainly due to cost control measures[52] - Cost of goods sold increased from approximately $348,000 for the nine months ended September 30, 2020, to approximately $643,000 for the same period in 2021, primarily due to increased hardware component purchases[48] Strategic Initiatives - The company continues to focus on providing network infrastructure solutions and software as a service (SaaS) as part of its core business strategy[12] - The company completed the acquisition of Storm Front Pte. Ltd. on May 5, 2021, which is expected to enhance its existing business segments and expand into the digital transformation and smart technology sectors[38] - The company plans to expand its network security solutions services to Malaysia, with operations expected to commence in the fourth quarter of 2021[40] - The company has established a wholly-owned subsidiary in Malaysia to support its operations and is reallocating internal resources to expand its services[40] - The company is actively exploring opportunities to promote business growth and enhance shareholder value amid ongoing challenges from the COVID-19 pandemic and political instability in Myanmar[42] - The company anticipates continued challenges in the coming months but is focused on ensuring the maintenance of ongoing projects in its network infrastructure and security solutions segments[42] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the deviation regarding the separation of the roles of Chairman and CEO[73] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial statements for the nine months ended September 30, 2021[81] - The financial statements have been deemed to comply with applicable accounting standards and adequately disclosed[81] - The company has established a code of conduct for directors regarding securities trading, with no known violations during the reporting period[77] - There were no known interests held by major shareholders or directors in any competing businesses as of September 30, 2021[74] - No share options were granted, cancelled, exercised, or lapsed under the share option scheme as of September 30, 2021[78] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[75] Share Capital and Ownership - As of September 30, 2021, the company had a statutory share capital of HKD 60,000,000 (approximately $7,692,000) and issued share capital of HKD 7,200,000 (approximately $923,000)[55] - As of September 30, 2021, Alpha Sense (BVI) holds 154,838,000 shares, representing 21.51% of the issued share capital[69] - XOX (Hong Kong) Limited and XOX Bhd each hold 117,848,500 shares, accounting for 16.37% of the issued share capital[69] - UBS Group AG holds 99,160,000 shares, which is 13.77% of the issued share capital[69]

Financial Performance - For the six months ended June 30, 2021, the company reported revenue of $1,054,000, a decrease of 83.5% compared to $6,367,000 for the same period in 2020[5] - The company incurred a loss before tax of $1,081,000 for the six months ended June 30, 2021, compared to a loss of $2,146,000 for the same period in 2020, representing a 49.7% improvement[5] - Total comprehensive loss attributable to owners of the company for the six months ended June 30, 2021, was $1,101,000, a decrease of 51.1% from $2,250,000 in the same period of 2020[7] - The net loss attributable to owners for the six months ended June 30, 2021, was $(1,086,000), compared to $(2,150,000) for the same period in 2020, representing a 49.6% improvement[36] - The company reported a significant decline in revenue from China, which fell to $531,000 in 2021 from $5,708,000 in 2020, representing a decrease of 93.7%[27] - Total revenue for the six months ended June 30, 2021, was approximately $1,054,000, a significant decrease from $6,367,000 for the same period in 2020[79] Assets and Liabilities - As of June 30, 2021, the company's total assets amounted to $9,489,000, a slight decrease from $9,723,000 as of December 31, 2020[9] - The company's cash and cash equivalents decreased to $4,453,000 as of June 30, 2021, down from $5,191,000 at the end of 2020[9] - The company reported a net asset value of $8,271,000 as of June 30, 2021, compared to $9,372,000 at the end of 2020, reflecting a decline of 11.7%[9] - The company’s trade receivables as of June 30, 2021, amounted to $626,000, down 53.8% from $1,354,000 as of December 31, 2020[43] - The company’s inventory as of June 30, 2021, was $90,000, a significant increase from $1,000 at the end of 2020[9] - The company has committed to short-term lease agreements totaling $72,000 as of June 30, 2021, compared to $10,000 in December 2020[65] Cash Flow and Investments - For the six months ended June 30, 2021, the company reported a net cash inflow from operating activities of $175,000, compared to a cash outflow of $1,206,000 for the same period in 2020[12] - The company incurred a total loss before tax of $(1,081,000) for the six months ended June 30, 2021, compared to a loss of $(2,146,000) in the same period of 2020, indicating a 49.6% reduction in losses[24] - The company’s investment activities resulted in a net cash outflow of $(872,000) for the six months ended June 30, 2021, compared to $(67,000) in the same period of 2020[12] - The company reported a net cash outflow of $836,000 from the acquisition of Storm Front after accounting for cash acquired[68] Expenses - The company’s employee costs and related expenses for the six months ended June 30, 2021, were $388,000, down from $436,000 in the same period of 2020, indicating a reduction of 11.0%[5] - The company’s marketing expenses for the six months ended June 30, 2021, were $422,000, a decrease of 27.6% compared to $583,000 in the same period of 2020[5] - The company’s total depreciation and amortization expenses for the six months ended June 30, 2021, were $432,000, a decrease from $795,000 in the same period of 2020[24] - General and administrative expenses decreased from approximately $855,000 to about $709,000, mainly due to cost control measures reducing professional fees[85] Acquisitions and Goodwill - The acquisition of Storm Front Pte. Ltd. was completed on May 5, 2021, for a maximum consideration of SGD 3.5 million, with 50% paid in cash and 50% in shares[66] - The company reported a total of $2,455,000 in goodwill as of June 30, 2021, following the acquisition of a subsidiary[40] - The total consideration for the acquisition of Storm Front was $2.628 million, with $880,000 paid in cash and $1.748 million as contingent consideration[68] Corporate Governance and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ending June 30, 2021[96] - Major shareholders included Alpha Sense (BVI) with a 21.51% stake and XOX (Hong Kong) Limited with a 16.37% stake[106] - The company has complied with the applicable corporate governance code provisions, except for the deviation from code provision A.2.1, which states that the roles of chairman and CEO should be separated[109] Employee Information - The total employee cost for the six months ending June 30, 2021, was approximately $388,000, a decrease of about $48,000 compared to the same period in 2020[97] - The group had a total of 34 employees as of June 30, 2021, compared to 26 employees as of June 30, 2020[97] Market and Strategic Developments - The company plans to expand its cybersecurity services into Malaysia, with operations expected to commence in Q3 2021[73] - The company has restructured its internal resources to enhance its SaaS business development in China, reflecting a strategic pivot towards the growing domestic shared economy[70]

Financial Performance - For the three months ended March 31, 2021, Nexion Technologies Limited reported revenue of $445,000, a decrease of 84.5% compared to $2,864,000 for the same period in 2020[5]. - Other income for the same period was $21,000, down 79% from $100,000 in the previous year[5]. - The cost of goods sold was $74,000, a reduction of 59.9% from $184,000 year-on-year[5]. - The total loss for the period was $578,000, an improvement of 45.3% compared to a loss of $1,059,000 in the prior year[5]. - Basic and diluted loss per share for the period was $0.08, compared to $0.14 in the same quarter of 2020[6]. - The total comprehensive loss for the period was $605,000, down 51.3% from $1,242,000 in the previous year[6]. - The adjusted EBITDA for the three months ended March 31, 2021, was $(166,000), improving from $(304,000) in the same period of 2020[22]. - The company reported a net loss of $(578,000) for the three months ended March 31, 2021, compared to a net loss of $(1,059,000) for the same period in 2020[22]. - The SaaS segment reported an adjusted EBITDA loss of approximately $80,000 for the three months ended March 31, 2021, an improvement from a loss of approximately $252,000 for the same period in 2020[37]. - The network infrastructure solutions segment reported an adjusted EBITDA loss of approximately $117,000, compared to a profit of approximately $31,000 for the same period in 2020[35]. Revenue Breakdown - The revenue breakdown for the three months ended March 31, 2021, included $148,000 from network infrastructure solutions, $40,000 from network security solutions, and $257,000 from SaaS[20]. - The geographical revenue distribution for the three months ended March 31, 2021, showed $257,000 from China, a significant decrease from $2,491,000 in the same period of 2020[25]. - For the three months ended March 31, 2021, total revenue from external customers was $445,000, a decrease of 84.5% compared to $2,864,000 for the same period in 2020[20]. - The total revenue for the three months ended March 31, 2021, was approximately $445,000, a significant decrease from approximately $2,864,000 for the same period in 2020[40]. Cost Management - The company incurred depreciation and amortization expenses of $220,000 for the three months ended March 31, 2021, down from $393,000 in the same period of 2020[22]. - The cost of goods sold decreased from approximately $184,000 for the three months ended March 31, 2020, to approximately $74,000 for the same period in 2021, primarily due to a reduction in hardware component purchases[41]. - Employee costs and related expenses decreased to approximately $164,000 for the three months ended March 31, 2021, from approximately $203,000 for the same period in 2020, mainly due to a reduction in the average number of higher-paid employees[42]. - General and administrative expenses decreased from approximately $511,000 for the three months ended March 31, 2020, to approximately $339,000 for the same period in 2021, mainly due to cost control measures[46]. Corporate Governance - The company has complied with the corporate governance code, except for the deviation regarding the separation of the roles of Chairman and CEO[66][67]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the three months ended March 31, 2021, and found them to comply with applicable accounting standards[73]. - The board of directors includes three executive directors and three independent non-executive directors, all of whom confirm the accuracy and completeness of the report[75]. Strategic Focus - The company continues to focus on providing network infrastructure solutions, cybersecurity solutions, and Software as a Service (SaaS)[10]. - The company has diversified its ICT services and is now a regional provider of network infrastructure and security solutions in Southeast Asia[32]. - The company has established an office in Shanghai, China, to focus on the rapidly growing SaaS business since 2019[32]. - The company is focusing on ensuring the continuity of ongoing projects and maintenance work in the network infrastructure and security solutions segments amid ongoing challenges[36]. Acquisitions and Investments - The company completed the acquisition of Storm Front Pte. Ltd on May 5, 2021, which is expected to enhance its existing business segments and expand into the digital transformation and smart technology sectors[33]. - The company completed the acquisition of 100% of Strom Front for a maximum consideration of SGD 3,500,000, with 50% paid in cash and 50% in shares, which represents approximately 2.75% of the existing issued share capital[58]. - The highest number of shares to be issued as consideration for the acquisition is 19,800,000, which will dilute the existing share capital by approximately 2.68%[58]. Shareholder Information - Major shareholders include Alpha Sense (BVI) holding 154,838,000 shares (21.51% of issued share capital) and XOX (Hong Kong) Limited holding 117,848,500 shares (16.37% of issued share capital)[63]. - As of March 31, 2021, the company had 23 employees, down from 25 employees as of March 31, 2020[57]. - As of March 31, 2021, the total employee cost was approximately $164,000, a decrease of about $39,000 compared to $203,000 for the same period in 2020[57]. Compliance and Regulatory - The company has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on its financial performance for the current period[16]. - No significant events requiring disclosure occurred between March 31, 2021, and the report date[58]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2021[69]. - The company has no assets pledged as of March 31, 2021[55]. - There were no interests held by directors or major shareholders in any competing businesses as of March 31, 2021[68]. - The company has adopted a code of conduct for directors regarding securities trading, which complies with GEM Listing Rules[70]. - No stock options were granted, canceled, exercised, or expired under the stock option plan during the three months ended March 31, 2021[72].