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。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號： 8422） WT GROUP HOLDINGS LIMITED WT 集 團 控 股 有 限 公 司 年報之補充資料 茲提述WT 集團控股有限公司（「本公司」）截至2024年6月30日止年度的年度報告 （「2024年年報」）。除另有所指外，本公告所用詞彙與2024年年報所界定者具有相 同涵義。 除2024年年報中「購股權計劃」一節所披露的資料外，本公司董事會（「董事會」）謹 此提供以下有關購股權計劃詳情之資料。 可供發行股份數目 於2024年年報日期，因根據購股權計劃將予授出之所有購股權獲行使而可供發行 的股份總數為12,000,000股，相當於本公司於該日期已發行股本約10.0%。 執行董事 王美珍 香港，2025年8月1日 1 於本公告日期，董事會包括執行董事王美珍女士；獨立非執行董事陳倩華女士、 李藏玉女士及余達志先生。 ...

Financial Performance - The company's revenue for the six months ended December 31, 2024, was HKD 21,222,000, representing a 111.6% increase compared to HKD 10,046,000 for the same period in 2023[5] - Gross profit for the same period was HKD 6,231,000, up from HKD 3,257,000, indicating a gross margin improvement[5] - The company's contract revenue for the six months ended December 31, 2024, was HKD 21,222,000, a significant increase from HKD 10,046,000 in the same period of 2023, representing a growth of approximately 111.6%[19] - Other income for the six months ended December 31, 2024, was HKD 176,000, compared to HKD 148,000 in 2023, reflecting an increase of about 18.9%[22] - The company's pre-tax profit for the six months ended December 31, 2024, was impacted by construction costs of HKD 1,741,000, down from HKD 6,789,000 in 2023, indicating a reduction of approximately 74.3%[23] - For the six months ended December 31, 2024, the company reported a net profit of approximately HKD 0.2 million, a decrease from HKD 2.1 million in the same period of 2023[45] - Total revenue for the six months ended December 31, 2024, was approximately HKD 21.2 million, compared to HKD 10.0 million for the same period in 2023, indicating a significant increase[46] - Gross profit for the same period increased to approximately HKD 6.2 million from HKD 3.3 million, reflecting an increase of about HKD 2.9 million[47] Earnings and Dividends - The company's basic and diluted earnings per share for the period were HKD 0.19, down from HKD 1.71 in the previous year[5] - The company did not recommend any dividend payment for the six months ended December 31, 2024, consistent with the previous year[28] - Basic earnings per share for the six months ended December 31, 2024, were HKD 0.19, a decrease from HKD 1.71 in the same period of 2023[31] - The profit attributable to owners for the six months ending December 31, 2024, is approximately HKD 2.1 million, compared to HKD 0.2 million for the same period in 2023[49] Cash Flow and Assets - The net cash generated from operating activities was HKD 1,742,000, a decrease from HKD 2,212,000 in the previous year[9] - The cash and cash equivalents at the end of the period increased to HKD 29,929,000 from HKD 28,276,000 at the beginning of the period[9] - The company had cash and cash equivalents of HKD 29.929 million as of December 31, 2024, compared to HKD 28.276 million as of June 30, 2024[38] - The total assets less current liabilities as of December 31, 2024, were HKD 40,520,000, compared to HKD 40,292,000 as of June 30, 2024[7] - The company's total equity as of December 31, 2024, was HKD 40,520,000, up from HKD 40,292,000 as of June 30, 2024[7] - The group maintains a strong financial position with cash and bank balances of approximately HKD 29.9 million as of December 31, 2024, up from HKD 28.3 million as of June 30, 2024[52] Liabilities and Financial Ratios - The current ratio as of December 31, 2024, is approximately 8.6 times, an increase from 7.8 times as of June 30, 2024[52] - The debt-to-equity ratio is approximately zero as of December 31, 2024, down from 0.3% as of June 30, 2024[53] - Trade receivables and retention money for construction projects increased to HKD 12,182,000 from HKD 7,000,000[6] - Trade receivables as of December 31, 2024, were HKD 2.982 million, down from HKD 13.052 million as of June 30, 2024[33] - The average credit period for trade payables is generally 30 days, with trade payables amounting to HKD 496,000 as of December 31, 2024[39] Expenses - Employee benefit expenses for the six months ended December 31, 2024, totaled HKD 3,420,000, a decrease from HKD 5,074,000 in 2023, representing a decline of about 32.6%[24] - Administrative expenses rose to approximately HKD 6.2 million for the six months ended December 31, 2024, up from HKD 5.2 million in the prior year, primarily due to an increase in other professional fees[48] - Employee benefit expenses for the six months ending December 31, 2024, are approximately HKD 3.4 million, compared to HKD 5.1 million for the same period in 2023[62] Taxation - The company did not incur any income tax expense for the current period, compared to an expense of HKD 51,000 in the previous year[5] - The company did not recognize any Hong Kong profits tax for the six months ended December 31, 2024, due to sufficient tax losses carried forward from previous periods[25] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated interim financial statements for the six months ended December 31, 2024, ensuring compliance with applicable accounting standards and GEM listing rules[75] - The company has complied with the GEM listing rules regarding the audit committee's composition, including at least one member with appropriate professional qualifications or accounting expertise[75] - The board believes that the current structure, with experienced individuals including three independent non-executive directors, ensures a balance of power and authority[68] Market Strategy and Operations - The group plans to expand its market share and focus on foundation and site preparation projects, superstructure construction projects, and renovation projects[51] - The group will continue to monitor the Hong Kong property market and adjust strategies as necessary[51] - The company operates primarily in Hong Kong, with all assets and liabilities located in the same region, indicating no geographical segment reporting[21] - The company has not reported any independent operating segment financial information as all business activities are integrated[20] Accounting Standards - The company has adopted new accounting standards effective from July 1, 2024, but these changes did not have a significant impact on the financial position and performance[14] - The company has assessed the impact of new accounting standards that have been issued but not yet effective, and is currently evaluating their potential effects on performance and financial position[14] Other Information - The group has no capital commitments as of December 31, 2024[59] - The group has no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[60] - The group has no significant foreign exchange risk as most transactions are conducted in HKD[56] - The company has adopted a share option scheme effective from December 1, 2017, which is valid for 10 years, with no options granted, exercised, cancelled, or lapsed as of December 31, 2024[73]

Financial Performance - The group's revenue for the six months ended December 31, 2024, was HKD 21,222,000, representing a 111% increase compared to HKD 10,046,000 in the same period of 2023[3] - Gross profit for the same period was HKD 6,231,000, up 91% from HKD 3,257,000 year-on-year[3] - The group reported a profit attributable to owners of the company of HKD 228,000, a decrease of 89% from HKD 2,054,000 in the previous year[3] - The basic and diluted earnings per share decreased to HKD 0.19 from HKD 1.71, reflecting a significant decline[3] - The profit before tax for the six months ended December 31, 2024, was HKD 228,000, a decrease of approximately 88.9% from HKD 2,054,000 in the same period of 2023[29] - Basic earnings per share for the six months ended December 31, 2024, were HKD 0.19, down from HKD 1.71 in 2023, indicating a decline of approximately 88.9%[29] - For the six months ended December 31, 2024, the company recorded a net profit of approximately HKD 0.2 million, a significant decrease from HKD 2.1 million in the same period of 2023[43] Revenue and Income - The group's contract revenue for the six months ended December 31, 2024, was HKD 21,222,000, a significant increase from HKD 10,046,000 in the same period of 2023, representing a growth of approximately 111.6%[17] - Other income for the six months ended December 31, 2024, was HKD 176,000, compared to HKD 148,000 in 2023, reflecting a growth of about 18.9%[20] Assets and Liabilities - Trade receivables and retention money for contract projects increased to HKD 12,182,000 from HKD 7,000,000, indicating a growth of 74%[4] - Total assets less current liabilities amounted to HKD 40,520,000, slightly up from HKD 40,292,000 as of June 30, 2024[5] - Cash and cash equivalents at the end of the period were HKD 29,929,000, compared to HKD 28,276,000 at the beginning of the period, showing an increase of 5.8%[7] - The accounts receivable and retention money for construction projects as of December 31, 2024, totaled HKD 15,989,000, an increase from HKD 13,052,000 as of June 30, 2024[31] - The expected credit loss provision decreased from HKD 6,052,000 as of June 30, 2024, to HKD 3,807,000 as of December 31, 2024, indicating improved credit quality[31] Expenses - Administrative expenses rose to approximately HKD 6.2 million from HKD 5.2 million, primarily due to an increase in other professional fees by about HKD 1.0 million[46] - Employee benefit expenses for the six months ended December 31, 2024, were approximately HKD 3.4 million, down from HKD 5.1 million for the same period in 2023[60] Dividends and Tax - The group did not recommend any dividend for the six months ended December 31, 2024, consistent with the previous year[26] - The group has not recognized any Hong Kong profits tax for the six months ended December 31, 2024, due to sufficient tax losses carried forward from previous periods[23] Business Environment and Strategy - The company anticipates a challenging business environment with increased operational risks due to the recent downturn in the Hong Kong property market[48] - The board remains optimistic about long-term opportunities in the construction and renovation market, focusing on expanding market share and pursuing prudent financial principles[49] Capital Structure and Financial Position - The group’s total equity increased to HKD 40,520,000 from HKD 40,292,000, reflecting a positive change in financial position[5] - The debt-to-equity ratio was approximately 0% as of December 31, 2024, compared to 0.3% as of June 30, 2024[51] - The capital structure of the group has not undergone significant changes since June 30, 2024[55] Employment and Operations - The group employed a total of 26 employees as of December 31, 2024, unchanged from June 30, 2024[60] - The group operates solely in Hong Kong, with all assets and liabilities located there, resulting in no geographical segment reporting[19] Audit and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules, and is responsible for reviewing financial information and internal control procedures[72] - The unaudited condensed consolidated interim financial statements for the six months ended December 31, 2024, have been reviewed by the audit committee and are prepared in accordance with applicable accounting standards and GEM listing rules[73]

Financial Performance - The group's revenue decreased from approximately HKD 37.4 million for the year ended June 30, 2023, to approximately HKD 31.3 million for the year ended June 30, 2024[6]. - The group recorded a gross profit of approximately HKD 11.4 million for the year ended June 30, 2024, compared to a gross loss of approximately HKD 3.1 million for the year ended June 30, 2023[8]. - The total profit and comprehensive income for the year ended June 30, 2024, was approximately HKD 3.7 million, a significant improvement from a loss of HKD 23.2 million in 2023[10]. - The net profit for the year ended June 30, 2024, was primarily attributed to the recovery of gross profit and the reversal of expected credit loss provisions on trade receivables and contract assets[10]. - Basic earnings per share for the year was HKD 3.1, compared to a loss per share of HKD 19.3 in the previous year[110]. - The company reported a profit attributable to owners of HKD 3,747,000 for the year ended June 30, 2024, compared to a loss of HKD 23,203,000 in the previous year, marking a significant turnaround[187]. Revenue and Contracts - The decrease in revenue was mainly due to a reduction in the number of larger construction and renovation projects undertaken by the group compared to the previous year[7]. - Revenue from the largest customer accounted for approximately 42.1% of total revenue for the year ended June 30, 2024, compared to 41.2% in 2023[73]. - Revenue from the top five customers collectively accounted for about 86.7% of total revenue for the year ended June 30, 2024, down from 89.2% in 2023[73]. - Revenue from contracts recognized over time decreased from HKD 37,420 million in 2023 to HKD 31,301 million in 2024, indicating a decline in contract performance[178]. Expenses and Costs - Administrative expenses for the year ended June 30, 2024, were approximately HKD 11.2 million, slightly down from HKD 11.3 million in 2023[9]. - The company’s construction costs included materials, employee costs, subcontracting expenses, and insurance, totaling approximately HKD 277,000 for 2024, down from HKD 346,000 in 2023[181]. - Interest expenses on lease liabilities decreased to HKD 12,000 in 2024 from HKD 43,000 in 2023, representing a reduction of approximately 72%[180]. - The total remuneration for directors amounted to HKD 1,712 in 2024, compared to HKD 2,802 in 2023, showing a decrease of about 39%[184]. Cash Flow and Liquidity - As of June 30, 2024, the group maintained a cash and bank balance of approximately HKD 28.3 million, down from HKD 33.3 million in 2023[12]. - The company experienced a cash outflow from operating activities of HKD 4,903 million in 2024, compared to a cash inflow of HKD 3,486 million in 2023[114]. - Cash and cash equivalents decreased from HKD 33,291 million in 2023 to HKD 28,276 million in 2024, a decrease of approximately 15.1%[114]. Corporate Governance - The board does not recommend a final dividend for the year ended June 30, 2024, consistent with the previous year[21]. - The company has not appointed a CEO, leading to a deviation from corporate governance code A.2.1 after the resignation of Mr. Gan Jianbin on December 11, 2023[29]. - The independent non-executive directors provide impartial opinions on the company's strategy and performance, ensuring the interests of all shareholders are considered[28]. - The company has adhered to all applicable provisions of the corporate governance code, except for the aforementioned deviation[25]. Risk Management - The group faces credit risk from clients, which could adversely affect its liquidity if clients fail to make timely payments[58]. - The group has experienced various risks and uncertainties that are partially beyond its control, including economic and political conditions in Hong Kong[58]. - The group conducts annual risk identification and assessment to manage potential risks affecting its objectives[49]. Employee and Management - The group employed a total of 25 employees as of June 30, 2024, compared to 26 employees in 2023[20]. - Employee costs, including director remuneration, were approximately HKD 9.4 million for the year ended June 30, 2024, compared to HKD 9.2 million in 2023[20]. - The total remuneration for the top five highest-paid individuals (excluding directors) increased to HKD 7,253 in 2024 from HKD 4,088 in 2023, reflecting an increase of approximately 78%[182]. Financial Position - The company’s total liabilities remained relatively stable, with current liabilities at HKD 5,884 million in 2023 and HKD 5,872 million in 2024[111]. - Total equity increased from HKD 36,545 million in 2023 to HKD 40,292 million in 2024, representing an increase of approximately 10.1%[112]. - Non-current assets decreased from HKD 741 million in 2023 to HKD 432 million in 2024, a decline of approximately 41.7%[111]. Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements fairly present the group's financial position as of June 30, 2024[97]. - Key audit matters included revenue recognition for construction contracts and expected credit loss provisions for trade receivables and contract assets[99]. - The group has adopted the GEM Listing Rules as a code of conduct for securities trading by its directors, ensuring compliance throughout the fiscal year[96]. Future Outlook - The group aims to enhance its market presence and explore new business opportunities in the construction sector moving forward[5]. - The group aims to expand its market share and pursue more foundation and renovation projects while maintaining prudent financial management[11]. - The group is closely monitoring the latest developments in the Hong Kong property market and will adjust strategies as necessary[11].

Financial Performance - The group's revenue decreased from approximately HKD 37.4 million for the year ended June 30, 2023, to approximately HKD 31.3 million for the year ended June 30, 2024[8]. - The group recorded a gross profit of approximately HKD 11.4 million for the year ended June 30, 2024, compared to a gross loss of approximately HKD 3.1 million for the year ended June 30, 2023[8]. - The total profit and comprehensive income for the year ended June 30, 2024, was approximately HKD 3.7 million, a significant improvement from a loss of HKD 23.2 million in 2023[8]. - The net profit for the year ended June 30, 2024, was primarily attributed to the turnaround in gross profit and the reversal of expected credit loss provisions on trade receivables and contract assets[8]. - Total revenue for the year ending June 30, 2024, is approximately HKD 31.3 million, a decrease from HKD 37.4 million in 2023, primarily due to a reduction in large construction and renovation projects[9]. - Gross profit for the year ending June 30, 2024, is approximately HKD 11.4 million, compared to a gross loss of HKD 3.1 million in 2023, attributed to an overall increase in gross profit margin[10]. - Net profit for the year ending June 30, 2024, is approximately HKD 3.7 million, a significant improvement from a net loss of HKD 23.2 million in 2023, driven by the turnaround in gross profit and recovery of expected credit losses[12]. Administrative and Financial Ratios - Administrative expenses for the year ending June 30, 2024, are approximately HKD 11.2 million, slightly down from HKD 11.3 million in 2023[11]. - The current ratio as of June 30, 2024, is approximately 7.8 times, an increase from 7.1 times in 2023, indicating a strong liquidity position[14]. - The debt-to-equity ratio as of June 30, 2024, is approximately 0.3%, down from 0.9% in 2023, reflecting a low level of financial leverage[15]. - The company maintains cash and bank balances of approximately HKD 28.3 million as of June 30, 2024, compared to HKD 33.3 million in 2023[14]. Corporate Governance - The board does not recommend a final dividend for the year ending June 30, 2024, consistent with the previous year[23]. - The board of directors includes three independent non-executive directors, exceeding one-third of the board, in compliance with GEM listing rules[29]. - The independent non-executive directors provide impartial opinions on the company's strategy, performance, and monitoring issues, ensuring the interests of all shareholders are considered[30]. - The company has adhered to all applicable provisions of the corporate governance code, except for a deviation regarding the appointment of a CEO[27]. - The board is responsible for overseeing significant matters, including the approval of overall strategies and monitoring financial performance[28]. - The company has received written confirmations of independence from all independent non-executive directors, affirming their status as independent individuals[30]. - The board consists of experienced individuals, with a balanced skill set that supports the company's business development[30]. - The company emphasizes the importance of good corporate governance practices to maintain stakeholder trust and create long-term value[26]. - The independent non-executive directors possess appropriate qualifications and relevant financial management experience[30]. - The company is in compliance with the GEM listing rules regarding the qualifications of independent non-executive directors, with at least one possessing relevant financial expertise[29]. - The board of directors has adopted a diversity policy, ensuring representation across gender, age, cultural background, and professional experience, with two female directors currently serving[34]. Audit and Compliance - The audit committee was established on December 1, 2017, and is responsible for overseeing the appointment and remuneration of external auditors, as well as reviewing the integrity of financial reports[37]. - The audit committee held meetings with senior management and independent auditors to review the independence of auditors and discuss the group's financial reporting[38]. - The company has confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the reporting period[36]. - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of June 30, 2024[99]. - The independent auditor's report highlighted key audit matters, including revenue recognition for construction contracts and expected credit loss provisions[101]. - The group has adopted the GEM Listing Rules for securities trading by directors, ensuring compliance with trading standards[98]. Risk Management - The group faces several risks including reliance on successful bidding for non-recurring specialized engineering projects, which may affect revenue generation[60]. - The group's performance is dependent on the trends and developments in the Hong Kong construction industry, as well as the overall economic and political conditions in Hong Kong[60]. - The group is exposed to credit risk from customers, which could negatively affect its liquidity if customers fail to make timely payments[60]. - The group has outlined various uncertainties that could impact its business operations, many of which are beyond its control[60]. - The group’s overall risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[169]. Shareholder Communication - The company has established multiple communication channels with shareholders, including printed corporate communications and regular announcements on the stock exchange[49]. - The company encourages feedback from investors and stakeholders to enhance communication and relationships[50]. Stock Options and Capital Management - The group has a stock option plan in place, which allows for the issuance of shares up to a maximum of 10% of the issued shares, subject to shareholder approval[66]. - The stock option plan is valid for ten years from the adoption date, unless terminated earlier by shareholders[68]. - The maximum number of shares that can be issued to any participant under the stock option plan within any 12-month period is limited to 1% of the issued shares[67]. Employee Relations - The company maintains good relationships with employees, emphasizing a competitive compensation structure and performance evaluation[79]. - The company has arranged suitable directors and officers liability insurance for its directors and senior officers for the year ending June 30, 2024[82]. Financial Position and Assets - The financial summary of the group's performance, assets, and liabilities over the past five fiscal years is available in the annual report[62]. - The company’s main business involves investment holding and providing specialized engineering and general construction services in Hong Kong, with no significant changes in the nature of its operations during the year[56]. - The company has no significant capital commitments or major acquisitions as of June 30, 2024[20]. - The company has no distributable reserves as of June 30, 2024, consistent with 2023[74]. Taxation - The company did not incur any income tax expenses for the year[112]. - The group did not incur any tax liabilities for the year ended June 30, 2024, due to sufficient tax losses carried forward to offset taxable profits[186].

Financial Performance - The group's revenue for the six months ended December 31, 2023, was HKD 10,046,000, a decrease of 53.3% compared to HKD 21,511,000 in the same period of 2022[3] - The gross profit for the six months was HKD 3,257,000, compared to a gross loss of HKD 118,000 in the previous year[3] - The company reported a net profit attributable to owners of HKD 2,054,000 for the six months, compared to a net loss of HKD 3,001,000 in the previous year[3] - The basic and diluted earnings per share for the six months was HKD 1.71, compared to a loss per share of HKD 2.50 in the same period of 2022[3] - For the six months ended December 31, 2023, the company recorded a net profit of approximately HKD 2.1 million, compared to a net loss of approximately HKD 3.0 million for the same period in 2022[42] - Total revenue for the six months ended December 31, 2023, was approximately HKD 10.0 million, down from approximately HKD 21.5 million for the same period in 2022, primarily due to a decrease in the number of construction projects undertaken[43] - The net profit attributable to owners for the six months ended December 31, 2023, was approximately HKD 3.0 million, compared to a loss of approximately HKD 2.1 million for the same period in 2022, mainly due to a reversal of expected credit loss provisions of approximately HKD 3.9 million[46] Cash Flow and Assets - The net cash generated from operating activities for the six months was HKD 2,212,000, down from HKD 12,731,000 in the same period of 2022[7] - The cash and cash equivalents at the end of the period increased to HKD 35,394,000 from HKD 33,291,000 at the beginning of the period[7] - The total assets less current liabilities as of December 31, 2023, amounted to HKD 38,644,000, an increase from HKD 36,652,000 as of June 30, 2023[5] - The company's non-current assets decreased to HKD 573,000 as of December 31, 2023, from HKD 741,000 as of June 30, 2023[4] - Cash and cash equivalents as of December 31, 2023, were HKD 35,394 thousand, an increase from HKD 33,291 thousand as of June 30, 2023[34] Liabilities and Equity - The total equity attributable to owners increased to HKD 38,599,000 as of December 31, 2023, from HKD 36,545,000 as of June 30, 2023[5] - The company reported total liabilities of HKD 2,680 thousand for trade payables and retention payables as of December 31, 2023[36] - The debt-to-equity ratio as of December 31, 2023, was approximately 0.5%, a decrease from approximately 0.9% as of June 30, 2023, reflecting improved financial stability[49] Expenses - The company incurred administrative expenses of HKD 5,192,000 for the six months, compared to HKD 3,811,000 in the same period of 2022[3] - Employee benefit expenses for the six months ended December 31, 2023, increased to HKD 5,074,000 from HKD 4,366,000 in 2022, representing a rise of 16.2%[20] - The group’s depreciation expense for property and equipment for the six months ended December 31, 2023, was HKD 44,000, compared to HKD 8,000 in 2022, reflecting a significant increase[20] Credit Losses and Provisions - The group recognized a credit for expected credit losses of HKD 3,900,000 for the six months ended December 31, 2023, compared to a credit of HKD 831,000 in the same period of 2022[20] - The company reversed expected credit loss provisions of approximately HKD 3.9 million related to trade receivables and contract assets during the six months ended December 31, 2023[42] - As of December 31, 2023, trade receivables were reported at HKD 4,397 thousand, with an expected credit loss provision of the same amount, resulting in a net trade receivables balance of zero[28] - Contract assets as of December 31, 2023, amounted to HKD 8,491 thousand, with a net balance of HKD 3,327 thousand after accounting for expected credit loss provisions[31] Business Development and Projects - The group has secured three construction projects since May 2023, with a total contract value of approximately HKD 123 million, indicating ongoing business development despite a challenging operating environment[47] - The board will continue to seek business development opportunities while balancing various commercial risks and opportunities, focusing on expanding market share in foundation and superstructure projects[47] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending December 31, 2023[73] - The company has complied with all applicable provisions of the corporate governance code, except for a deviation regarding the separation of the roles of the chairman and CEO[64][65] Share Options and Dividends - The company did not recommend any dividend payment for the six months ended December 31, 2023, consistent with the previous year[24] - The board does not recommend the payment of an interim dividend for the six months ending December 31, 2023, consistent with the previous year[67] - The company has adopted a share option scheme effective from December 1, 2017, with a validity of 10 years[69] - A total of 10,000,000 share options were granted, with 4,000,000 options cancelled during the period[70] - The fair value of the share options granted on October 8, 2021, was approximately HKD 3,115,000, recognized as an expense in the financial statements[71] - The expected volatility for the share options was 185.5%, based on historical volatility[71] Risk Management - The group’s risk management policies have remained unchanged since June 30, 2023[14] - The group does not face significant foreign exchange risk as most of its revenue-generating activities are conducted in Hong Kong dollars[52] Other Information - The group has no significant capital commitments as of December 31, 2023, indicating a cautious approach to financial management[55] - No significant events requiring disclosure occurred after the reporting period[68] - The group employed a total of 26 employees as of December 31, 2023, with employee benefit expenses amounting to approximately HKD 5.1 million, compared to approximately HKD 4.4 million for the same period in 2022[58] - As of December 31, 2023, Zhao Xue Mei holds 8,999,000 shares, representing 7.49% of the total issued share capital[61] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending December 31, 2023[63]

Financial Performance - For the six months ended December 31, 2023, the company's revenue was HKD 10,046,000, a decrease of 53.3% compared to HKD 21,511,000 for the same period in 2022[5] - The gross profit for the six months was HKD 3,257,000, compared to a gross loss of HKD 118,000 in the same period last year[5] - The net profit attributable to the owners of the company for the six months was HKD 2,054,000, compared to a net loss of HKD 3,001,000 in the previous year[5] - Basic and diluted earnings per share for the six months were HKD 1.71, compared to a loss per share of HKD 2.50 for the same period last year[5] - The company's profit before tax for the six months ended December 31, 2023, was HKD 2,054,000, compared to a loss of HKD 3,001,000 in the same period of 2022, representing a significant turnaround[28] - Total revenue for the six months ended December 31, 2023, was approximately HKD 10.0 million, a decrease from approximately HKD 21.5 million for the same period in 2022, primarily due to a reduction in the number of construction projects undertaken[45] - Gross profit for the six months ended December 31, 2023, was approximately HKD 3.3 million, an increase of approximately HKD 3.4 million compared to a gross loss of approximately HKD 0.1 million for the same period in 2022[46] Cash and Assets - The company's cash and cash equivalents increased to HKD 35,394,000 as of December 31, 2023, up from HKD 33,291,000 as of June 30, 2023[6] - Total assets less current liabilities amounted to HKD 38,644,000 as of December 31, 2023, compared to HKD 36,652,000 as of June 30, 2023[6] - The company's total equity increased to HKD 38,599,000 as of December 31, 2023, from HKD 36,545,000 as of June 30, 2023[7] - Total cash and cash equivalents increased by HKD 2,103,000 to HKD 35,394,000 as of December 31, 2023, compared to HKD 43,040,000 in the previous year[6] - As of December 31, 2023, the company maintained a current ratio of approximately 7.9 times, up from approximately 7.1 times as of June 30, 2023[50] - As of December 31, 2023, the company had cash and bank balances of approximately HKD 35.4 million, compared to approximately HKD 33.3 million as of June 30, 2023[50] Expenses - The company reported a decrease in service costs to HKD 6,789,000 for the six months, down from HKD 21,629,000 in the previous year[5] - The company’s administrative expenses increased to HKD 5,192,000 for the six months, compared to HKD 3,811,000 in the previous year[5] - Employee benefit expenses increased to HKD 5,074,000 for the six months ended December 31, 2023, up from HKD 4,366,000 in 2022, reflecting a rise of approximately 16.1%[27] - The interest expense on lease liabilities for the six months ended December 31, 2023, was HKD 8,000, down from HKD 20,000 in the same period of 2022, reflecting a decrease of 60%[23] Dividends and Shareholder Information - The company did not recommend any dividend payment for the six months ended December 31, 2023, consistent with the previous year[26] - The group has not proposed an interim dividend for the six months ended December 31, 2023, consistent with the previous year[69] - As of December 31, 2023, Zhao Xue Mei holds 8,999,000 shares, representing approximately 7.49% of the total issued share capital[63] - The company has no plans for any potential dilution of ordinary shares during the reporting periods[29] Financial Risks and Governance - The group faces various financial risks, including credit risk and cash flow risk, which are detailed in the annual financial statements[15] - The group faces credit risk from customers, which may adversely affect its liquidity if customers fail to make timely or full payments[59] - The board believes that the dual role of the chairman and CEO enhances management efficiency and business development, despite a deviation from corporate governance code A.2.1[66] Accounting and Compliance - The company has not identified any significant impact on its financial position and performance from the adoption of new accounting standards effective from July 1, 2023[14] - The company continues to assess the impact of new accounting standards that have been issued but are not yet effective[14] - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[75] - The unaudited condensed consolidated interim financial statements for the six months ended December 31, 2023, have been reviewed by the audit committee[75] - The company has adhered to GEM listing rule 5.28, which requires the audit committee to include at least one member with appropriate professional qualifications or accounting expertise[75] Operational Insights - The group operates primarily in Hong Kong, with all activities and assets located in the region[20] - The performance of the group is dependent on the trends and developments in the Hong Kong construction industry[59] - The group relies on subcontractors for part of its site works, and any underperformance or inability to provide services by these subcontractors may adversely affect the group's operations and profitability[59] - The company continues to monitor the latest developments in the Hong Kong property market and may adjust strategies as necessary[49] Other Income and Projects - Other income for the six months ended December 31, 2023, included government grants of HKD 0, down from HKD 78,000 in 2022[21] - The company reported a total of HKD 148,000 in other income for the six months ended December 31, 2023, compared to HKD 117,000 in 2022, representing a 26.5% increase[21] - The company reported a total of HKD 8,491,000 in unverified ongoing projects as contract assets as of December 31, 2023, compared to HKD 2,580,000 as of June 30, 2023, representing an increase of approximately 228.3%[33] Stock Options and Share-Based Payments - The fair value of the stock options granted on October 8, 2021, is approximately HKD 3,115,000, which has been deducted as share-based payment expenses in the profit and loss for the six months ended December 31, 2021[73] - The exercise price of each stock option after the share consolidation effective on April 12, 2022, is HKD 0.560[73] - The expected volatility used in the pricing model is 185.5%[73] Reporting and Documentation - The report will be available on the GEM website and the company's website for at least seven days from the announcement date[77] - The report is prepared in English and translated into Chinese, with the English version prevailing in case of discrepancies[78]

Financial Performance - The group's revenue for the three months ended September 30, 2023, was HKD 7,119,000, a decrease of 52% compared to HKD 14,795,000 in the same period of 2022[3]. - Gross profit for the same period was HKD 4,342,000, significantly up from HKD 918,000 year-on-year[3]. - The group reported a profit before tax of HKD 4,920,000, compared to a loss of HKD 1,065,000 in the previous year[3]. - The net profit attributable to owners of the company for the period was HKD 4,294,000, a turnaround from a loss of HKD 1,065,000 in the same quarter last year[3]. - Basic and diluted earnings per share for the period were HKD 0.36, compared to a loss per share of HKD 0.88 in the previous year[3]. - For the three months ended September 30, 2023, the company recorded a net profit of approximately HKD 4.3 million, compared to a net loss of approximately HKD 1.1 million for the same period in 2022[23]. - The effective tax rate for the three months ended September 30, 2023, was 16.5%, with a current tax expense of HKD 626,000[18]. - Basic earnings per share for the three months ended September 30, 2023, was HKD 0.36, compared to a loss per share of HKD 0.88 for the same period in 2022[20]. Credit Loss and Income - The group recognized an expected credit loss reversal of HKD 2,721,000 during the quarter, which contributed positively to the profit[3]. - The company reversed expected credit loss provisions of approximately HKD 2.7 million for trade receivables and contract assets during the three months ended September 30, 2023[23]. - Other income for the quarter was HKD 89,000, compared to HKD 52,000 in the same period last year, indicating growth in miscellaneous income sources[15]. Administrative Expenses - Administrative expenses increased slightly to HKD 2,228,000 from HKD 2,024,000 year-on-year[3]. - Administrative expenses for the three months ended September 30, 2023, were approximately HKD 2.0 million, showing no significant change from HKD 2.2 million in the same period of 2022[26]. Business Operations - The company continues to focus on specialized engineering and general construction business primarily in Hong Kong[6]. - The company has been awarded three construction projects since May 2023, with a total contract value of approximately HKD 123 million[28]. - The company aims to expand its market share and pursue more foundation and site preparation projects, as well as renovation projects, while adhering to prudent financial principles[28]. Dividends and Share Capital - The board does not recommend the payment of dividends for the three months ended September 30, 2023, consistent with the previous year[22]. - The company did not recommend the payment of dividends for the three months ended September 30, 2023, consistent with the previous year[38]. - As of September 30, 2023, the company’s directors hold a total of 4,000,000 shares, representing approximately 3.32% of the issued share capital[29]. - Major shareholder Zhao Xue Mei holds 8,999,000 shares, accounting for approximately 7.49% of the total issued share capital[32]. - The company has adopted a share option scheme effective from December 1, 2017, with a validity period of 10 years[39]. - As of September 30, 2023, a total of 10,000,000 share options remain unexercised under the share option scheme[40]. Governance and Compliance - The company’s governance practices are under review to ensure compliance with applicable codes and regulations[35]. - The company’s management structure includes a clear distinction between the board and daily management, although the current setup deviates from the governance code[35]. - All directors confirmed compliance with the trading code for securities transactions during the three months ended September 30, 2023[37]. - The audit committee consists of two independent non-executive directors, chaired by Mr. Yu Dazhi, with a focus on financial data review and risk management[41]. - The unaudited consolidated financial statements for the three months ended September 30, 2023, have been reviewed by the audit committee and comply with applicable accounting standards[41]. - The report has been prepared in accordance with GEM listing rules and has made full disclosures[41]. Accounting Standards - The group has not reported any significant impact from the adoption of new accounting standards effective from July 1, 2023[11].

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。 WT GROUP HOLDINGS LIMITED WT 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號： 8422） 截至二零二三年九月三十日止三個月的第一季度業績公告 WT 集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止三個月的未經審核 簡明綜合業績。本公告載列本公司二零二三╱二零二四年第一季度報告全文，並 遵守香港聯合交易所有限公司GEM 證券上市規則中有關第一季度業績初步公告 隨附資料的相關規定。本公司二零二三╱二零二四年第一季度報告的印刷版本載 有GEM上市規則規定的資料，將適時寄發予本公司股東。 承董事會命 WT集團控股有限公司 執行董事 王美珍 香港，二零二三年十一月十三日 於本公告日期，董事會包括執行董事甘健斌先生（主席）及王美珍女士；獨立非執 行董事陳倩華女士及余達志先 ...

Financial Performance - Total revenue decreased from approximately HKD 65.3 million for the year ended June 30, 2022, to about HKD 37.4 million for the year ended June 30, 2023, representing a decline of approximately 42.7%[9]. - The group recorded a gross loss of approximately HKD 3.1 million for the year ended June 30, 2023, compared to a gross profit of approximately HKD 8.2 million for the year ended June 30, 2022[9]. - Total loss and comprehensive loss amounted to approximately HKD 8.9 million and HKD 23.2 million for the years ended June 30, 2022, and June 30, 2023, respectively, indicating a significant increase in losses[14]. - The gross margin for the year ended June 30, 2023, was approximately -8.3%, down from a gross margin of 12.6% for the year ended June 30, 2022[11]. - The company reported a net loss attributable to owners of HKD 23,203,000, which is a significant increase from the net loss of HKD 8,948,000 in 2022[163]. - Basic loss per share for the year was HKD 19.3, compared to HKD 8.0 in the previous year[163]. - Total assets as of June 30, 2023, were HKD 41,795,000, down from HKD 68,912,000 in 2022, indicating a decrease of 39.4%[166]. - Total equity decreased to HKD 36,545,000 from HKD 59,748,000, reflecting a decline of 38.8%[168]. - The company recognized an expected credit loss provision of HKD 9,107,000, significantly higher than HKD 2,972,000 in the previous year[163]. Operational Highlights - The group secured three construction projects with a total contract value of approximately HKD 123 million since May 2023[9]. - The company anticipates a challenging business environment with increased operational risks due to the recent downturn in the Hong Kong property market[15]. - The board aims to expand market share and compete for more foundation and site formation projects, superstructure construction projects, and renovation projects[15]. - The company is closely monitoring developments in the Hong Kong property market and will adjust strategies as necessary[15]. - The group emphasizes timely project delivery to clients, maintaining a quality management system compliant with ISO 9001 standards[116]. Financial Position - As of June 30, 2023, the group maintained a strong financial position with cash and bank balances of approximately HKD 33.3 million, up from HKD 30.7 million in 2022[17]. - The current ratio as of June 30, 2023, was approximately 7.1 times, slightly down from 7.2 times in 2022, indicating stable liquidity[17]. - The debt-to-equity ratio was recorded at approximately 0.9% as of June 30, 2023, a decrease from 1.8% in 2022, reflecting a low level of leverage[18]. - Cash and cash equivalents increased to HKD 33,291,000 from HKD 30,710,000, showing a growth of 5.1%[166]. - The company’s cash and cash equivalents at the end of the year stood at HKD 33,291,000, an increase from HKD 30,710,000 at the beginning of the year, indicating a stable liquidity position[172]. Governance and Compliance - The company has adhered to all applicable provisions of the corporate governance code, except for a deviation regarding the separation of the roles of the board and daily management, which is primarily handled by Mr. Gan Jianbin[40]. - The board consists of three independent non-executive directors, exceeding one-third of the total board members, in compliance with GEM listing rules[44]. - The company has implemented a board diversity policy, ensuring the inclusion of two female directors during the reporting period[50]. - The independent non-executive directors provide impartial opinions on the company's strategy and performance, ensuring the interests of all shareholders are considered[46]. - The company has established a risk management and internal control system to protect shareholder investments and assets[75]. - The company has adopted a shareholder communication policy to ensure timely and equal access to information[72]. Shareholder and Capital Management - The board does not recommend declaring a final dividend for the year ended June 30, 2023, consistent with the previous year[30]. - The company had no distributable reserves as of June 30, 2023, consistent with the previous year[113]. - The company will continue to review the dividend policy but does not guarantee any specific amount of dividends for any designated period[79]. - The total number of shares that can be issued upon the exercise of options under the share option plan is capped at 10% of the issued shares[99]. - The total number of shares issued and to be issued due to the exercise of options by any participant within any 12-month period cannot exceed 1% of the issued shares[100]. Audit and Financial Reporting - The independent auditor, Changqing (Hong Kong) CPA Limited, audited the consolidated financial statements for the year ended June 30, 2023[142]. - Key audit matters identified include revenue recognition for construction contracts and expected credit loss provisions for trade receivables and contract assets[147]. - The audit committee reviewed the independence of external auditors and the effectiveness of the company's internal control systems during the reporting period[58]. - The group uses the output method to recognize revenue over time based on direct measurements of the value of work transferred to customers[149]. - The audit included recalculating the expected credit loss amounts for accounts receivable and contract assets to ensure appropriateness as of June 30, 2023[153]. Employee and Management Policies - The group values its employees as its most valuable asset, providing competitive compensation and effective performance evaluation systems[119]. - The compensation policy includes fixed and variable components based on employee experience, responsibilities, individual performance, and overall market conditions[128]. - The salary range for senior management (excluding independent non-executive directors) as of June 30, 2023, shows three individuals earning HKD 1,000,000 or below, one earning between HKD 1,000,001 and HKD 2,000,000, and none earning above HKD 2,000,000[127]. - The company has adopted a share option scheme to attract and retain talent, effective for ten years from December 1, 2017[97].