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].

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依賴該等內容而引致的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） 截至二零二三年六月三十日止年度的年度業績公告 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」）截至二零二三年六月三十日止年度的經審核綜合 年度業績。本公告載列本公司二零二二╱二三年年報全文，並遵守香港聯合交易所 有限公司（「聯交所」）GEM 證券上市規則（「GEM 上市規則」）中有關年度業績初 步公告隨附資料的相關規定。本公司二零二二╱二三年年報的印刷版本載有GEM 上市規則規定的資料，並將適時按GEM上市規則規定的方式寄發予本公司股東。 本公司年度業績公告將刊載於聯交所網站 www.hkgem.com 及本公司網站 www.hklistco.com/8422。 承董事會命 WT集團控股有限 ...

Financial Performance - For the nine months ended March 31, 2023, the group's revenue was HKD 31,679,000, a decrease of 21.7% compared to HKD 40,452,000 for the same period in 2022[3] - The group reported a gross loss of HKD 3,853,000 for the nine months ended March 31, 2023, compared to a gross profit of HKD 2,397,000 for the same period in 2022[3] - The net loss attributable to the owners of the company for the nine months ended March 31, 2023, was HKD 8,626,000, slightly higher than the loss of HKD 8,216,000 for the same period in 2022[3] - The basic and diluted loss per share for the nine months ended March 31, 2023, was HKD 7.2, compared to HKD 7.6 for the same period in 2022[3] - Total revenue for the nine months ended March 31, 2023, was approximately HKD 31.7 million, a decrease from approximately HKD 40.5 million in the same period of 2022, primarily due to a reduction in the number of construction projects undertaken[20] - The company recorded a gross loss of approximately HKD 3.9 million for the nine months ended March 31, 2023, with a gross loss margin of approximately 12.2%, compared to a gross profit of approximately HKD 2.4 million and a gross profit margin of approximately 5.9% in the same period of 2022[21] - For the nine months ended March 31, 2023, the company reported a net loss of approximately HKD 8.6 million, compared to a net loss of approximately HKD 8.2 million for the same period in 2022[19] Administrative Expenses - The group incurred administrative expenses of HKD 4,062,000 for the nine months ended March 31, 2023, down from HKD 10,596,000 in the same period of 2022, indicating a reduction of 61.7%[3] - Administrative expenses for the nine months ended March 31, 2023, were approximately HKD 10.6 million, compared to approximately HKD 4.1 million in the same period of 2022, with the increase mainly due to one-time share-based payment expenses in 2022[22] Equity and Financing - The group’s total equity as of March 31, 2023, was HKD 51,122,000, a decrease from HKD 59,748,000 as of July 1, 2022[4] - The group’s financing costs for the nine months ended March 31, 2023, were HKD 27,000, slightly lower than HKD 28,000 for the same period in 2022[3] Income and Provisions - The group recognized other income of HKD 277,000 for the nine months ended March 31, 2023, compared to HKD 11,000 for the same period in 2022[3] - The expected credit loss provision for trade receivables and contract assets was HKD 961,000 for the nine months ended March 31, 2023, compared to no provision in the same period of 2022[3] Dividends and Shareholder Information - The company did not declare any dividends for the nine months ended March 31, 2023, consistent with the previous year[18] - The company did not recommend the payment of dividends for the nine months ended March 31, 2023, consistent with the previous year[34] - As of March 31, 2023, a major shareholder, Zhao Xuemai, holds 8,999,000 shares, representing 7.49% of the company's total shares[28] Corporate Governance - The company has complied with the GEM Listing Rules regarding the establishment of an audit committee, which includes three independent non-executive directors[39] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended March 31, 2023, confirming compliance with applicable accounting standards[40] - The board believes that the dual role of the chairman and managing director enhances management efficiency and business development[32] - The company has confirmed that all directors complied with the trading code regarding securities transactions during the nine months ended March 31, 2023[33] - The company has not identified any conflicts of interest involving directors or major shareholders as of March 31, 2023[29] Future Outlook - The board remains optimistic about long-term opportunities in the construction market, particularly with the Hong Kong government's plans for housing and technology development in the northern region[24] - The company aims to expand its market share and compete for more foundation and site preparation projects, as well as superstructure construction and renovation projects[24] Share Options - The company has adopted a share option scheme effective from December 1, 2017, with a validity period of 10 years[35] Securities Transactions - As of March 31, 2023, the company reported no purchases, sales, or redemptions of its listed securities during the nine months[30] Significant Events - The company has not disclosed any significant events occurring after the reporting period as of the report date[38]

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依賴該等內容而引致的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） 截至二零二三年三月三十一日止九個月的第三季度業績公告 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」）截至二零二三年三月三十一日止九個月的未經審 核簡明綜合業績。本公告載列本公司二零二二╱二零二三年第三季度報告全文， 並遵守香港聯合交易所有限公司（「聯交所」）GEM 證券上市規則（「GEM 上市規 則」）中有關第三季度業績初步公告隨附資料的相關規定。本公司二零二二╱二零 二三年第三季度報告的印刷版本載有GEM上市規則規定的資料，並將適時按GEM 上市規則規定的方式寄發予本公司股東。 本公司二零二二╱二零二三年第三季度業績公告將刊載於聯交所網站 http://www.hkgem.com及本公司 ...

Financial Performance - The group's revenue for the six months ended December 31, 2022, was HKD 21,511,000, a decrease of 25.7% compared to HKD 28,851,000 in the same period of 2021[3] - The group reported a loss attributable to owners of the company of HKD 3,001,000 for the six months ended December 31, 2022, compared to a loss of HKD 6,161,000 in the same period of 2021, representing a 51.4% improvement[3] - The group reported a pre-tax loss of HKD 21,629,000 for the six months ended December 31, 2022, compared to HKD 27,425,000 for the same period in 2021, reflecting a decrease of 21.2%[20] - Total revenue for the six months ended December 31, 2022, was approximately HKD 21.5 million, down from HKD 28.9 million in the same period of 2021, primarily due to a decrease in the number of construction projects undertaken[41] - For the six months ended December 31, 2022, the group recorded a gross loss of approximately HKD 0.12 million, resulting in a gross loss margin of about 0.5%, compared to a gross profit of approximately HKD 1.4 million and a gross profit margin of 4.9% for the same period in 2021[42] Cash Flow and Financial Position - The group's cash and cash equivalents increased to HKD 43,040,000 as of December 31, 2022, from HKD 30,710,000 at the end of June 2022, marking a 40% increase[4] - The net cash generated from operating activities for the six months ended December 31, 2022, was HKD 12,731,000, compared to a net cash used of HKD 20,955,000 in the same period of 2021[7] - As of December 31, 2022, the group maintained a strong financial position with cash and bank balances of approximately HKD 43.0 million, up from HKD 30.7 million as of June 30, 2022, and a current ratio of approximately 9.8 times[47] - The debt-to-equity ratio was approximately 1.2% as of December 31, 2022, down from 1.8% as of June 30, 2022[48] Expenses and Cost Management - The group’s administrative expenses for the six months ended December 31, 2022, were HKD 3,811,000, down 49.8% from HKD 7,581,000 in the same period of 2021[3] - Employee benefit expenses for the six months ended December 31, 2022, were HKD 4,366,000, down 41.4% from HKD 7,502,000 in the previous year[20] - The company did not incur any one-time share-based payment expenses for the six months ended December 31, 2022, compared to HKD 3.1 million in the same period of 2021[40] - The group’s financing costs for the six months ended December 31, 2022, were HKD 20,000, compared to HKD 17,000 in the same period of 2021, reflecting an increase of 17.6%[3] Assets and Liabilities - The group's total assets less current liabilities decreased to HKD 56,789,000 as of December 31, 2022, from HKD 60,072,000 as of June 30, 2022, reflecting a decline of 5.4%[4] - The group’s non-current assets decreased to HKD 556,000 as of December 31, 2022, from HKD 718,000 as of June 30, 2022, indicating a decline of 22.5%[4] - The group’s total equity as of December 31, 2022, was HKD 56,747,000, down from HKD 59,748,000 as of June 30, 2022, representing a decrease of 5.0%[5] - Trade receivables as of December 31, 2022, were HKD 10.06 million, down from HKD 18.75 million as of June 30, 2022[28] - The company had contract assets of HKD 8.14 million as of December 31, 2022, down from HKD 17.43 million as of June 30, 2022[30] Governance and Compliance - The board believes that the dual role of the chairman and CEO enhances management efficiency and business development[63] - The company has complied with all applicable corporate governance code provisions, except for the dual role of the chairman and CEO[64] - The audit committee consists of three independent non-executive directors, chaired by Mr. Yu Da Zhi, ensuring compliance with GEM listing rules[72] - The unaudited consolidated interim financial statements for the six months ended December 31, 2022, have been reviewed by the audit committee and are prepared in accordance with applicable accounting standards[72] Future Outlook and Strategy - The group plans to focus on expanding market share in foundation and site preparation projects, superstructure construction projects, and renovation works, while adhering to prudent financial principles to ensure sustainable growth[46] - The board will continue to consider other investment opportunities to diversify the group's revenue sources while being mindful of associated risks[46] Shareholder Information - As of December 31, 2022, Zhao Xue Mei holds 8,999,000 shares, representing 7.49% of the company's issued share capital[60] - The company did not recommend any dividend payment for the six months ended December 31, 2022, consistent with the previous year[24] - The company did not recommend an interim dividend for the six months ended December 31, 2022, consistent with the previous year[66] Accounting and Standards - The group has adopted new accounting standards effective from July 1, 2022, but these have not had a significant impact on its financial position and performance[12] - The group is currently assessing the impact of new accounting standards that have been issued but are not yet effective[12] - The fair value of share options granted on October 8, 2021, was approximately HKD 3,115,000, which has been recognized as an expense in the profit and loss statement for the six months ended December 31, 2021[70] - The exercise price of the share options granted is HKD 0.56 per share, with a total of 10,000,000 options granted[69] - The expected volatility for the share options is 185.5%, based on historical volatility[70] Risk Management - The group does not face significant foreign exchange risk as most of its revenue-generating activities are conducted in Hong Kong and are denominated in HKD[51] - The group’s financial risk management policies have remained unchanged since June 30, 2022[14]

[Company Information and Disclaimer](index=1&type=section&id=Company%20Information%20and%20Disclaimer) This section outlines company information and disclaims liability, highlighting the high-risk nature of the GEM market for investors [GEM Characteristics and Disclaimer](index=2&type=section&id=GEM%20Characteristics%20and%20Disclaimer) The report highlights the GEM market as a high-risk platform for SMEs, cautioning investors about volatility, while directors assume full responsibility for content accuracy - The GEM market provides a listing platform for high-investment-risk small and medium-sized companies, and investors should understand the potential risks[2](index=2&type=chunk) - Hong Kong Exchanges and Clearing Limited and The Stock Exchange are not responsible for the content of this report, make no representations, and accept no liability for any loss[2](index=2&type=chunk) - The company's directors jointly and individually accept full responsibility for the information in this report, confirming its accuracy, completeness, and absence of misleading or fraudulent content[2](index=2&type=chunk) [Financial Performance](index=3&type=section&id=Financial%20Performance) This section presents the unaudited condensed consolidated financial statements, including comprehensive income, equity changes, and detailed notes on financial performance [Unaudited Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the three months ended September 30, 2022, revenue decreased by 17.23%, gross profit by 32.35%, expanding the loss to HK$1.065 million Key Data from Condensed Consolidated Statement of Comprehensive Income (For the three months ended September 30) | Metric | 2022 (HK$ thousand) | 2021 (HK$ thousand) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 14,795 | 17,878 | -17.23% | | Cost of services | (13,877) | (16,521) | -16.00% | | Gross profit | 918 | 1,357 | -32.35% | | Other income | 52 | – | N/A | | Administrative expenses | (2,024) | (1,852) | 9.29% | | Finance costs | (11) | (9) | 22.22% | | Loss before income tax | (1,065) | (504) | 111.31% | | Income tax expense | – | (59) | -100.00% | | Loss and total comprehensive loss attributable to owners of the Company for the period | (1,065) | (563) | 89.17% | | Basic and diluted loss per share (HK cents) | (0.88) | (0.06) | 1366.67% | [Unaudited Condensed Consolidated Statement of Changes in Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity attributable to owners decreased from HK$59,748 thousand to HK$58,683 thousand, mainly due to a HK$1,065 thousand loss for the period Key Data from Condensed Consolidated Statement of Changes in Equity (For the three months ended September 30) | Metric | September 30, 2022 (HK$ thousand) | July 1, 2022 (HK$ thousand) | September 30, 2021 (HK$ thousand) | | :--- | :--- | :--- | :--- | | Share capital | 12,000 | 12,000 | 10,000 | | Share premium | 42,991 | 42,991 | 36,855 | | Other reserves | 10,100 | 10,100 | 10,100 | | Share option reserve | 3,115 | 3,115 | – | | Accumulated losses | (9,523) | (8,458) | (73) | | Total | 58,683 | 59,748 | 56,882 | - As of September 30, 2022, total equity attributable to owners of the Company was **HK$58,683 thousand**, a decrease of **HK$1,065 thousand** from **HK$59,748 thousand** on July 1, 2022, primarily reflecting the loss for the period[4](index=4&type=chunk) [Notes to the Unaudited Condensed Consolidated Financial Statements](index=5&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section details the basis of preparation, accounting policies, revenue, other income, loss before income tax, income tax expense, and loss per share calculation, confirming no dividends for the period [General Information](index=5&type=section&id=General%20Information) WT Group Holdings Limited, incorporated in the Cayman Islands in 2017, operates in specialized and general building engineering in Hong Kong and listed on GEM in 2017 - The Company was incorporated in the Cayman Islands on **July 11, 2017**, as an investment holding company[5](index=5&type=chunk) - The Group is principally engaged in specialized and general building engineering works in Hong Kong[6](index=6&type=chunk) - The Company's shares were listed on GEM of the Stock Exchange on **December 28, 2017**[7](index=7&type=chunk) [Basis of Preparation and Accounting Policies](index=5&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) Unaudited condensed consolidated financial statements are prepared under HKFRS and GEM Listing Rules, using historical cost, with no significant impact from new standards - The unaudited condensed consolidated financial statements are prepared in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of Chapter 18 of the GEM Listing Rules[9](index=9&type=chunk) - The Group has adopted and applied new standards, amendments to standards, and interpretations issued and effective for the accounting period beginning on **July 1, 2022**, with no significant impact on financial position or operating results[10](index=10&type=chunk)[11](index=11&type=chunk) [Revenue](index=6&type=section&id=Revenue) The Group's revenue, entirely from contract revenue, was HK$14,795 thousand, a decrease from HK$17,878 thousand in the prior year Revenue Composition (For the three months ended September 30) | Source of Revenue | 2022 (HK$ thousand) | 2021 (HK$ thousand) | | :--- | :--- | :--- | | Contract revenue | 14,795 | 17,878 | - The Group is principally engaged in specialized and general building engineering works in Hong Kong, with all business activities considered a single operating segment[14](index=14&type=chunk) [Other Income](index=6&type=section&id=Other%20Income) For the three months ended September 30, 2022, other income was HK$52 thousand, solely from government grants, with none in the prior year Other Income (For the three months ended September 30) | Source of Income | 2022 (HK$ thousand) | 2021 (HK$ thousand) | | :--- | :--- | :--- | | Government grants | 52 | – | [Loss Before Income Tax](index=7&type=section&id=Loss%20Before%20Income%20Tax) Loss before income tax significantly increased to HK$1,065 thousand from HK$504 thousand, primarily due to construction costs and employee benefit expenses Composition of Loss Before Income Tax (For the three months ended September 30) | Item | 2022 (HK$ thousand) | 2021 (HK$ thousand) | | :--- | :--- | :--- | | Construction costs | 13,877 | 16,521 | | Employee benefit expenses | 2,401 | 2,285 | | Depreciation of property and equipment | 4 | – | | Depreciation of right-of-use assets | 94 | – | | Auditor's remuneration – audit services | 150 | – | | Short-term lease expenses | 29 | 9 | | Reversal of expected credit losses | – | (58) | - Employee benefit expenses (including directors' emoluments) increased from **HK$2,285 thousand** in 2021 to **HK$2,401 thousand** in 2022[16](index=16&type=chunk) [Income Tax Expense](index=8&type=section&id=Income%20Tax%20Expense) The Group had no income tax expense for the period, compared to HK$59 thousand in the prior year, with Hong Kong profits tax at 16.5% and a two-tiered system Income Tax Expense (For the three months ended September 30) | Item | 2022 (HK$ thousand) | 2021 (HK$ thousand) | | :--- | :--- | :--- | | Current income tax – Hong Kong Profits Tax | – | (59) | | Income tax expense | – | (59) | - Hong Kong Profits Tax is provided at a rate of **16.5%**, with a two-tiered profits tax regime applying an **8.25%** tax rate on the first **HK$2,000,000** of assessable profits[17](index=17&type=chunk) - Entities incorporated in the British Virgin Islands or the Cayman Islands within the Group are exempt from taxation[17](index=17&type=chunk) [Loss Per Share](index=8&type=section&id=Loss%20Per%20Share) Basic loss per share significantly increased to HK$0.88 cents from HK$0.06 cents, with diluted loss per share being identical due to no dilutive ordinary shares Loss Per Share (For the three months ended September 30) | Metric | 2022 | 2021 | | :--- | :--- | :--- | | Loss attributable to owners of the Company (HK$ thousand) | (1,065) | (563) | | Weighted average number of ordinary shares for basic and diluted loss per share calculation (thousand shares) | 120,000 | 1,000,000 | | Loss per share (HK cents) | (0.88) | (0.06) | - There were no potential dilutive ordinary shares for any period, thus diluted loss per share was equal to basic loss per share[21](index=21&type=chunk) [Dividends](index=8&type=section&id=Dividends) The Board does not recommend paying any dividends for the three months ended September 30, 2022, consistent with the prior year - The Board does not recommend the payment of any dividends for the three months ended **September 30, 2022** (2021: nil)[22](index=22&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business, financial performance, and future outlook, detailing key drivers and strategic directions [Business Review and Outlook](index=9&type=section&id=Business%20Review%20and%20Outlook) The Group's net loss increased to HK$1.1 million due to fewer construction projects, impacting revenue and gross profit in its Hong Kong engineering business - The Group is principally engaged in providing specialized and general building engineering services in Hong Kong, including foundation, site formation, demolition, and superstructure construction[23](index=23&type=chunk) - For the three months ended **September 30, 2022**, the Group recorded a net loss of approximately **HK$1.1 million**, an increase from **HK$0.6 million** in the prior year[23](index=23&type=chunk) - The increase in net loss was primarily due to a decrease in the number of construction projects undertaken, leading to reduced revenue and gross profit[23](index=23&type=chunk) [Financial Review](index=9&type=section&id=Financial%20Review) This quarter saw revenue decline by 17.3% and gross profit by 35.7%, with gross margin falling from 7.6% to 6.2%, primarily due to fewer projects [Revenue](index=9&type=section&id=Revenue) Total revenue for the three months ended September 30, 2022, was HK$14.8 million, a decrease from HK$17.9 million, mainly due to fewer construction projects Revenue Comparison (For the three months ended September 30) | Metric | 2022 (HK$ million) | 2021 (HK$ million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total revenue | 14.8 | 17.9 | -17.3% | - The decrease in revenue was primarily due to a lower number of construction projects undertaken by the Group for the three months ended **September 30, 2022**, compared to the same period in 2021[24](index=24&type=chunk) [Gross Profit and Gross Margin](index=9&type=section&id=Gross%20Profit%20and%20Gross%20Margin) Gross profit was HK$0.9 million and gross margin 6.2%, both lower than the prior year's HK$1.4 million and 7.6%, due to fewer projects Gross Profit and Gross Margin Comparison (For the three months ended September 30) | Metric | 2022 (HK$ million) | 2021 (HK$ million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Gross profit | 0.9 | 1.4 | -35.7% | | Gross margin | 6.2% | 7.6% | -18.4% | - The decrease in gross margin was primarily due to a lower number of construction projects undertaken by the Group for the three months ended **September 30, 2022**, compared to the same period in 2021[25](index=25&type=chunk) [Administrative Expenses](index=9&type=section&id=Administrative%20Expenses) Administrative expenses were approximately HK$2.0 million, stable compared to HK$1.9 million in the prior year, mainly comprising employee benefits and professional fees Administrative Expenses Comparison (For the three months ended September 30) | Metric | 2022 (HK$ million) | 2021 (HK$ million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Administrative expenses | 2.0 | 1.9 | 5.3% | - Administrative expenses primarily include employee benefit expenses (including directors' emoluments), audit fees, and other professional fees[26](index=26&type=chunk) [Loss and Total Comprehensive Loss Attributable to Owners of the Company](index=10&type=section&id=Loss%20and%20Total%20Comprehensive%20Loss%20Attributable%20to%20Owners%20of%20the%20Company) Loss and total comprehensive loss attributable to owners increased to HK$1.1 million from HK$0.6 million, mainly due to reduced revenue and gross profit from fewer projects Loss and Total Comprehensive Loss Attributable to Owners of the Company Comparison (For the three months ended September 30) | Metric | 2022 (HK$ million) | 2021 (HK$ million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Loss and total comprehensive loss | 1.1 | 0.6 | 83.3% | - The increase in net loss was primarily due to a decrease in the number of construction projects undertaken compared to the same period in 2021, leading to reduced revenue and gross profit[27](index=27&type=chunk) [Future Prospects](index=10&type=section&id=Future%20Prospects) The Group anticipates continued challenging business conditions and COVID-19 uncertainty but remains optimistic about the construction and renovation market, expecting revenue growth next quarter - The Group expects the business environment to remain challenging, with the COVID-19 pandemic adding uncertainty to the execution of construction projects[28](index=28&type=chunk) - In the long term, the Group remains optimistic about the construction and renovation engineering business market and anticipates revenue growth in the next quarter[29](index=29&type=chunk) - The Group will continue to pursue market share expansion, compete for more foundation and site formation projects, superstructure construction projects, and renovation projects, while adhering to prudent financial management principles[29](index=29&type=chunk) - The Board will also consider other investment opportunities to broaden the Group's revenue streams, while being mindful of associated risks[29](index=29&type=chunk) [Disclosure of Interests](index=11&type=section&id=Disclosure%20of%20Interests) This section details the interests and short positions of directors, chief executives, and substantial shareholders in the company's shares, underlying shares, or debentures [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares, or Debentures](index=11&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%2C%20or%20Debentures) As of September 30, 2022, four directors each held 1,000,000 unlisted share options, representing 0.83% of the company's issued share capital Unlisted Share Options Held by Directors (As of September 30, 2022) | Director's Name | Capacity | Number of Unlisted Share Options | Approximate Percentage of the Company's Total Issued Share Capital | | :--- | :--- | :--- | :--- | | Mr. Kam Kin Pan | Beneficial owner | 1,000,000 | 0.83% | | Ms. Wong Mei Chun | Beneficial owner | 1,000,000 | 0.83% | | Ms. Chan Sin Wah | Beneficial owner | 1,000,000 | 0.83% | | Mr. Yu Tat Chi | Beneficial owner | 1,000,000 | 0.83% | - Save as disclosed above, none of the Company's directors or chief executive had any interests or short positions in the shares, underlying shares, or debentures of the Company or any of its associated corporations that were required to be disclosed[32](index=32&type=chunk) [Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares or Underlying Shares](index=12&type=section&id=Substantial%20Shareholders%27%20and%20Other%20Persons%27%20Interests%20and%20Short%20Positions%20in%20Shares%20or%20Underlying%20Shares) As of September 30, 2022, Ms. Zhao Xue Mei held 8,999,000 shares, representing 7.49% of issued share capital, with no other substantial shareholders known Substantial Shareholder Holdings (As of September 30, 2022) | Name of Shareholder | Capacity | Number of Shares Held/Interested | Approximate Percentage of the Company's Total Issued Share Capital | | :--- | :--- | :--- | :--- | | Ms. Zhao Xue Mei | Beneficial owner | 8,999,000 | 7.49% | - Save for Ms. Zhao Xue Mei, the directors are not aware of any other person or corporation being a substantial shareholder of the Company who had any interests or short positions in the shares or underlying shares that were required to be disclosed[33](index=33&type=chunk) [Other Information](index=12&type=section&id=Other%20Information) This section covers various corporate governance aspects, including potential conflicts of interest, securities transactions, compliance with the corporate governance code, and details of the share option scheme [Competing Interests](index=12&type=section&id=Competing%20Interests) Directors are unaware of any direct or indirect competing interests or conflicts between directors, controlling shareholders, or their close associates and the Group's business - The directors are not aware of any direct or indirect competing interests or conflicts of interest between the directors or controlling shareholders or any of their respective close associates and the business of the Group for the three months ended **September 30, 2022**, and up to the date of this report[34](index=34&type=chunk) [Purchase, Sale, or Redemption of the Company's Listed Securities](index=12&type=section&id=Purchase%2C%20Sale%2C%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities for the three months ended September 30, 2022 - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities for the three months ended **September 30, 2022**[35](index=35&type=chunk) [Corporate Governance Code](index=13&type=section&id=Corporate%20Governance%20Code) The Company complied with all applicable Corporate Governance Code provisions, except for not appointing a Chief Executive, with the Chairman managing both Board and daily operations - The Company has complied with all applicable code provisions of the Corporate Governance Code, save as disclosed below[36](index=36&type=chunk) - The Group deviates from Code Provision C.2.1 of the Corporate Governance Code by not appointing a Chief Executive Officer, with the Chairman and Executive Director, Mr. Kam Kin Pan, concurrently responsible for managing both the Board and daily operational business[36](index=36&type=chunk) - The Board believes this arrangement facilitates management efficiency and business development, is in the best interests of the Group, and the Board's composition ensures a balance of power and authority[36](index=36&type=chunk) [Directors' Securities Transactions](index=13&type=section&id=Directors%27%20Securities%20Transactions) The Company adopted GEM Listing Rules 5.48 to 5.67 for directors' securities transactions, with all directors confirming compliance for the period - The Company has adopted Rules 5.48 to 5.67 of the GEM Listing Rules as the code of conduct regarding directors' securities transactions[37](index=37&type=chunk) - All directors confirmed that they have complied with the required standard of dealings and the code of conduct regarding directors' securities transactions for the three months ended **September 30, 2022**[37](index=37&type=chunk) [Dividends](index=13&type=section&id=Dividends) The Board does not recommend paying any dividends for the three months ended September 30, 2022, consistent with the prior year - The Board does not recommend the payment of any dividends for the three months ended **September 30, 2022** (2021: nil)[38](index=38&type=chunk) [Share Option Scheme](index=14&type=section&id=Share%20Option%20Scheme) The Company adopted a 10-year share option scheme in 2017, with 10,000,000 unexercised options held by directors and employees at HK$0.056, expiring in 2023 - The Company adopted a share option scheme on **December 1, 2017**, with a validity period of **10 years**[39](index=39&type=chunk) Share Option Scheme Details (As of September 30, 2022) | Grantee | Date of Grant | Exercise Period | Number of Unexercised Share Options | Exercise Price Per Share (HK$) | | :--- | :--- | :--- | :--- | :--- | | Directors (4 in total) | October 8, 2021 | October 8, 2021 to October 7, 2023 | 4,000,000 | 0.056 | | Employees | October 8, 2021 | October 8, 2021 to October 7, 2023 | 6,000,000 | 0.056 | | **Total** | | | **10,000,000** | | [Audit Committee](index=14&type=section&id=Audit%20Committee) The Audit Committee, chaired by Mr. Yu Tat Chi, reviews financial information, internal controls, risk management, and external auditor relations, having approved this report - The Audit Committee comprises three independent non-executive directors, with Mr. Yu Tat Chi as Chairman, and Ms. Chan Sin Wah and Ms. Yip Tan as other members[41](index=41&type=chunk) - The Committee's primary responsibilities include reviewing financial information and reporting processes, internal control systems, risk management systems, audit plans, and relationships with external auditors[41](index=41&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial statements for the three months ended **September 30, 2022**, and this report, deeming them compliant with applicable accounting standards and the GEM Listing Rules[42](index=42&type=chunk) [Board Approval](index=15&type=section&id=Board%20Approval) This report was approved by the Board of Directors of WT Group Holdings Limited on November 11, 2022, with Mr. Kam Kin Pan as Chairman and Executive Director - This report was approved by the Board of Directors of WT Group Holdings Limited on **November 11, 2022**[43](index=43&type=chunk) - Executive Directors include Mr. Kam Kin Pan (Chairman) and Ms. Wong Mei Chun; Independent Non-executive Directors include Ms. Chan Sin Wah, Ms. Yip Tan, and Mr. Yu Tat Chi[43](index=43&type=chunk)