股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 興銘控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08425 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,0 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 HING MING HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8425） 於二零二五年八月二十七日舉行之股東週年大會 按股數投票表決的結果 刊載於股東週年大會通告內所有提呈決議案已於二零二五年股東週年大會上以 按股數投票表決方式獲股東正式通過。 興銘控股有限公司（「本公司」）之董事會（ 分別為「董事」及「董事會」）公佈，刊載於 日期為二零二五年七月三十一日之本公司股東週年大會（「股東週年大會」）通告內 所有提呈之決議案（ 分別為「股東週年大會通告」及「提呈決議案」），已於二零二五 年八月二十七日（ 星期三 ）舉行之股東週年大會（「二零二五年股東週年大會」）上， 以 按 股 數 投 票 表 決 方 式 獲 本 公 司 每 股 0.01 港 元 之 普 通 股 持 有 人（ 分 別 為「股 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 興銘控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08425 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,0 ...

此 乃 要 件 請 即 處 理 興銘控股有限公司 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 通 函 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 通 函 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的有限公司） 閣 下 如 對 本 通 函 任 何 方 面 或 應 採 取 之 行 動 有 任 何 疑 問，應 諮 詢 閣 下 之 持 牌 證 券 交 易 商、 銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 （股份代號：8425） 閣 下 如 已 售 出 或 轉 讓 名 下 所 有 興 銘 控 股 有 限 公 司 之 股 份，應 立 即 將 本 通 函 連 同 隨 附 代 表 委 任 表 格 交 予 買 主 或 承 讓 人 或 經 手 買 賣 或 轉 讓 之 銀 行、持 牌 證 券 交 易 商 或 其 他 代 理，以 便 轉 交 ...

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 通 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 通 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HING MING HOLDINGS LIMITED 興銘控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8425） 股 東 週 年 大 會 通 告 茲 通 告 興 銘 控 股 有 限 公 司（「本 公 司」）謹 訂 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三） 上 午 十 時 正 假 座 香 港 皇 后 大 道 中99號 中 環 中 心59樓5906–12室 舉 行 股 東 週 年 大 會（「股 東 週 年 大 會」）（或 其 續 會），以 處 理 下 列 事 項： 作 為 普 通 事 項 – 1 – 1. 考 慮 及 採 納 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 經 審 核 綜 合 財 務 ...

香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所主板上市的公司帶有較高投資風險。有 意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波動風險，同 時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，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 因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關本公司的資料；興銘控股有限公司 各董事（分別為「本公司」及「董事」）願就本報告的資料共同及個別地承擔全部責任。董事在作出一切合理查詢後，確認就彼 等所深知及確信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且並無遺漏任何事項，足以令致其所 載任何陳述或本報告產生誤導。 董 事 會 執 行 董 事 鄧 興 強 先 生 （ 主席 ...

Financial Performance - For the fiscal year ending March 31, 2025, the group recorded a revenue decrease of approximately 1.6% to about HKD 106.1 million from approximately HKD 107.8 million in the previous fiscal year[13] - The total loss and comprehensive expenses for the fiscal year 2025 amounted to approximately HKD 24.7 million, an increase of about HKD 8.3 million due to losses from the sale of properties, plants, and equipment[13] - The company's revenue for the fiscal year 2025 decreased by approximately 1.6% to about HKD 106.1 million, down from approximately HKD 107.8 million in fiscal year 2024, primarily due to a reduction in income from equipment installation, dismantling, and testing services[24] - The cost of sales and services for fiscal year 2025 was approximately HKD 83.1 million, a decrease of about 0.9% from HKD 83.9 million in fiscal year 2024, attributed to the decline in revenue[25] - Gross profit for fiscal year 2025 was approximately HKD 22.9 million, down about 4.2% from HKD 23.9 million in fiscal year 2024, with a gross profit margin of approximately 21.6% compared to 22.2% in the previous year[26] - Administrative expenses increased to approximately HKD 31.5 million in fiscal year 2025 from HKD 24.6 million in fiscal year 2024, mainly due to a loss of approximately HKD 8.6 million from the sale of properties, plants, and equipment[28] - The financing costs rose by approximately 30.9% to about HKD 1.9 million in fiscal year 2025 from HKD 1.5 million in fiscal year 2024, primarily due to increased financial expenses from outstanding bank loans and other borrowings[29] - The total loss and comprehensive expenses for fiscal year 2025 amounted to approximately HKD 24.7 million, compared to about HKD 0.6 million in fiscal year 2024, largely due to increased losses from the sale of properties and impairment losses[30] Business Strategy and Market Outlook - The company aims to capture potential growth in the Hong Kong construction market despite a challenging and competitive business environment[14] - The group plans to adopt proactive and prudent business strategies to enhance long-term profitability and shareholder value[14] - The company will explore other potential investment opportunities to diversify its business and create new revenue sources[15] - The company is confident in the strong demand for tower cranes in the coming years, driven by the ongoing need for public housing construction in Hong Kong[19] Capital Expenditures and Financial Position - Capital expenditures for fiscal year 2025 were approximately HKD 60.3 million, significantly higher than HKD 32.8 million in fiscal year 2024, with about 95.8% of the capital expenditure allocated to the purchase of additional tower cranes[31] - As of March 31, 2025, the company's cash and cash equivalents were approximately HKD 12.4 million, down from HKD 13.3 million a year earlier[32] - The company's debt-to-equity ratio increased to approximately 56.9% as of March 31, 2025, compared to 23.3% a year earlier, primarily due to an increase in outstanding bank and other borrowings[32] Corporate Governance and Management - The board consists of seven directors, including two executive directors, two non-executive directors, and three independent non-executive directors, responsible for the overall management and business operations of the group[44] - The company has established long-term business relationships with several customers, some exceeding 10 years, including construction companies and trading firms in Hong Kong[70] - The company confirms compliance with all applicable laws and regulations in Hong Kong that have a significant impact on its business and operations for the fiscal year 2025[73] - The company emphasizes the importance of employee support as a valuable asset and aims to reward high-performing employees through competitive compensation and training opportunities[69] - The company has established safety, quality, and environmental management systems to meet customer requirements and ensure compliance with safety and environmental standards[72] Shareholder Information and Dividends - The board of directors decided not to recommend a final dividend for the fiscal year 2025, consistent with the previous fiscal year[38] - The company reported no dividends for the fiscal year 2025[65] - The company's available reserves for distribution as of March 31, 2025, amount to approximately HKD 4,753,000, a decrease from approximately HKD 15,838,000 in the previous fiscal year 2024[77] Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance report covers the company's efforts in corporate social responsibility, focusing on construction equipment rental services and equipment trading for the fiscal year ending March 31, 2025[177] - The company has established an Environmental, Social, and Governance (ESG) working group to manage ESG risks and internal control systems effectively[179] - The company aims to integrate environmental and social considerations into its business objectives, focusing on reducing greenhouse gas emissions and improving waste management[184] - The company is committed to maintaining its position as a leading temporary crane rental service provider in Hong Kong while adopting sustainable business practices[186] - The total greenhouse gas emissions for the fiscal year ending March 31, 2025, were 174 tons of CO2 equivalent, a decrease of 25 tons from 199 tons in the previous year[197] - The company aims to explore and evaluate the use of clean energy and more efficient transportation methods to further reduce carbon emissions[198] Employee and Workforce Information - The group employed 32 full-time employees as of March 31, 2025, with total employee costs of approximately HKD 27.8 million for the fiscal year 2025[42] - The company has 32 employees, with approximately 94% being male and 6% female, indicating a commitment to increasing female representation in the workforce[139] Risk Management and Internal Controls - The board is responsible for the risk management and internal control systems, ensuring their effectiveness in achieving strategic objectives[163] - The company conducts internal control assessments at least annually to identify significant risks affecting its operations[164] - The board believes that the risk management and internal control systems are adequate and effective[164]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 40,768,000, a decrease of 23.9% compared to HKD 53,473,000 for the same period in 2023[4] - Gross profit for the same period was HKD 5,851,000, down 66.5% from HKD 17,513,000 in 2023[4] - The company reported a loss attributable to owners of HKD 8,199,000 for the six months ended September 30, 2024, compared to a profit of HKD 3,737,000 in 2023[4] - The company’s earnings per share for the period was a loss of HKD 2.18, compared to a profit of HKD 0.99 in the same period last year[4] - The company reported a loss of approximately HKD 8.2 million for the six months ended September 30, 2024, compared to a profit of approximately HKD 3.7 million for the same period in 2023[64] - Basic loss per share for the six months ended September 30, 2024, was HKD (2.18) cents, compared to earnings of HKD 0.99 cents per share in 2023[40] Cash Flow and Assets - The net cash generated from operating activities was HKD 5,243,000, a decrease from HKD 8,348,000 in the previous year[20] - Cash and cash equivalents at the end of the period were HKD 13,244,000, slightly down from HKD 13,288,000[20] - Total non-current assets increased to HKD 149,288,000 as of September 30, 2024, compared to HKD 138,482,000 as of March 31, 2024[5] - Trade receivables decreased significantly to HKD 12,504,000 from HKD 22,800,000[5] - The company has cash and cash equivalents of approximately HKD 13.2 million as of September 30, 2024, compared to approximately HKD 13.3 million as of March 31, 2024[66] Liabilities and Expenses - Current liabilities decreased to HKD 36,563,000 from HKD 38,499,000[5] - The company incurred financing costs of HKD 648,000, down from HKD 744,000 in the previous year[4] - The company’s total liabilities decreased from HKD 22,800,000 as of March 31, 2024, to HKD 12,504,000 as of September 30, 2024[44] - Administrative expenses remained relatively stable at approximately HKD 13.2 million for the six months ended September 30, 2024, compared to approximately HKD 12.8 million for the same period in 2023[62] - Deferred tax expense for the six months ended September 30, 2024, was HKD 403,000, compared to HKD 1,093,000 in the same period of 2023[34] Business Operations - The company operates primarily in the leasing and related services segment, which is considered its sole operating segment[30] - The company aims to strengthen its tower crane leasing services to capture market demand amid challenges[54] - The company has purchased additional tower cranes to diversify its revenue sources and meet market demand for tower crane rental services[101] - The company has retained two general technicians and one sales manager to support its tower crane rental business operations[101] Corporate Governance - The board believes that the current governance structure, with the chairman and CEO being the same person, provides strong and consistent leadership for the company[90] - The company has complied with all provisions of the corporate governance code except for the separation of the roles of chairman and CEO[92] - The audit committee has reviewed the interim financial statements for the period and confirmed compliance with applicable accounting standards and regulations[105] - The company will continue to monitor and review its governance practices to ensure compliance with corporate governance standards[90] Shareholding and Stock Options - The company has a shareholding structure where Mr. Tang Hing Keung and Ms. Au Yuen Yi each hold approximately 31.9% of the shares through their controlled entity, Hing Kee Holdings[80] - As of September 30, 2024, Hing Kee Holdings held 120,000,000 shares, representing approximately 31.9% of the issued shares[86] - The company has not granted any stock options since the adoption of the stock option plan, resulting in no unexercised stock options as of April 1, 2024, and September 30, 2024[93] - The company acquired a total of 80,000,000 shares from Mr. Li Ru Liang, representing approximately 21.28% of the total issued share capital, for a total consideration of HKD 3,200,000, equivalent to HKD 0.04 per share[96] Market and Risk Factors - The group faces foreign currency risks primarily from transactions denominated in currencies other than the functional currency, mainly involving RMB, EUR, and USD[72] - The company has not identified any business or interests that may compete with its operations during the reporting period[95] - As of September 30, 2024, the group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures[74] - As of September 30, 2024, the group had no significant investments held[75]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 40,768,000, a decrease of 23.9% compared to HKD 53,473,000 for the same period in 2023[7] - Gross profit for the same period was HKD 5,851,000, down 66.5% from HKD 17,513,000 in 2023[7] - The company incurred a loss attributable to owners of HKD 8,199,000, compared to a profit of HKD 3,737,000 in the previous year[7] - Basic and diluted loss per share was HKD 2.18, compared to earnings of HKD 0.99 per share in the prior year[7] - The company's total comprehensive income for the six months ended September 30, 2024, was HKD 3,737,000, compared to HKD 3,737,000 for the same period in 2023, indicating no change[31] - The company's financial performance declined from a profit and total comprehensive income of approximately HKD 3.7 million for the six months ended September 30, 2023, to a loss and total comprehensive expense of approximately HKD 8.2 million for the six months ended September 30, 2024, primarily due to a decrease in revenue[66] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 5,243,000, down from HKD 8,348,000 in the previous year, representing a decline of 37%[23] - The company incurred a net cash outflow from investing activities of HKD 20,936,000 for the six months ended September 30, 2024, compared to a cash inflow of HKD 3,721,000 in the same period of 2023[23] - Financing activities generated a net cash inflow of HKD 15,649,000 for the six months ended September 30, 2024, compared to a net cash outflow of HKD 8,926,000 in the previous year[23] - The company reported cash and cash equivalents of HKD 13,244,000, slightly down from HKD 13,288,000[8] - The company’s cash and cash equivalents decreased to HKD 13,244,000 as of September 30, 2024, from HKD 17,350,000 at the end of the previous year, a decline of 24%[23] - As of September 30, 2024, the company had cash and cash equivalents of approximately HKD 13.2 million, a slight decrease from approximately HKD 13.3 million as of March 31, 2024[68] Assets and Liabilities - Non-current assets increased to HKD 149,288,000 as of September 30, 2024, up from HKD 138,482,000 as of March 31, 2024[8] - Trade receivables decreased significantly to HKD 12,504,000 from HKD 22,800,000[8] - Current liabilities decreased to HKD 36,563,000 from HKD 38,499,000[8] - Total equity decreased to HKD 108,693,000 from HKD 116,892,000[10] - The company’s total liabilities increased to HKD 108,693,000 as of September 30, 2024, compared to HKD 116,892,000 as of April 1, 2024, a decrease of 7%[22] - The company's debt, including interest-bearing payables, lease liabilities, loans, and borrowings, amounted to approximately HKD 36.5 million as of September 30, 2024, compared to approximately HKD 27.2 million as of March 31, 2024[68] - The asset-to-equity ratio was approximately 33.5% as of September 30, 2024, up from approximately 23.3% as of March 31, 2024, indicating an increase in leverage[68] Operational Efficiency and Strategy - The company is committed to improving operational efficiency and exploring new market opportunities to enhance future performance[6] - The company plans to adopt a proactive and cautious approach to its business strategy to enhance profitability and shareholder value in the future[58] - The company aims to strengthen its tower crane leasing services to capture market demand amid ongoing market challenges[56] - The company has diversified its revenue sources by acquiring additional tower cranes to meet market demand for tower crane rental services[103] - The company retained two general technicians and one sales manager to support the operations of its tower crane rental business[103] Market and Competitive Position - Revenue decreased by approximately 23.8% to about HKD 40.8 million for the six months ended September 30, 2024, down from approximately HKD 53.5 million for the same period in 2023, primarily due to reduced income from tower crane leasing and related services[59] - Gross profit fell by approximately 66.6% to about HKD 5.9 million for the six months ended September 30, 2024, compared to approximately HKD 17.5 million for the same period in 2023, with a gross margin of approximately 14.4%[61] - The company has established a customer and supplier base primarily in Germany, Belgium, Spain, and China for equipment and parts trading, enhancing its ability to meet customer needs[56] Governance and Compliance - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO[94] - The board believes that the combined roles of Chairman and CEO provide strong and consistent leadership for the company[92] - The company continues to monitor and review its compliance with corporate governance standards to maintain high levels of governance practices[94] - The audit committee, established on February 23, 2017, includes three independent non-executive directors and has reviewed the interim financial statements for 2024[107] - The audit committee believes that the financial statements comply with applicable accounting standards and GEM listing rules[107] Shareholder Information - As of September 30, 2024, major shareholder Xingji holds approximately 120,000,000 shares, representing 31.9% of the total issued shares[88] - The company has not issued any stock options since the adoption of the stock option plan, with 40,000,000 options available for grant as of April 1, 2024, and September 30, 2024[95] - During the six months ending September 30, 2024, the company did not purchase, sell, or redeem any of its listed securities[99] - A mandatory unconditional cash offer was made to acquire a total of 80,000,000 shares, representing about 21.28% of the company's issued share capital, for a total consideration of HKD 3,200,000, equivalent to HKD 0.04 per share[98] - The offer received five valid acceptances involving a total of 48,132,000 shares, accounting for approximately 12.80% of the company's issued share capital[98] Risks and Challenges - The company faced foreign currency risks primarily from transactions denominated in currencies other than its functional currency, with major currencies being RMB, EUR, and USD[74] - The financial condition and operational performance of the company are influenced by various risks and uncertainties, as detailed in the prospectus under the "Risk Factors" section[104] - The company had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2024[76] - As of September 30, 2024, the company had no significant investments held[77] - The company had a capital commitment of approximately HKD 6.4 million as of September 30, 2024, down from approximately HKD 37.7 million as of March 31, 2024[72] Employee and Administrative Information - Employee costs for the six months ended September 30, 2024, were approximately HKD 13.5 million, an increase from approximately HKD 13.2 million for the same period in 2023, primarily due to higher director remuneration and monthly salaries[79] - The company employed 36 staff as of September 30, 2024, compared to 35 staff as of March 31, 2024[79] - Administrative expenses remained relatively stable at approximately HKD 13.2 million for the six months ended September 30, 2024, compared to approximately HKD 12.8 million for the same period in 2023[64] Dividends - The company did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[41]

Financial Performance - For the fiscal year 2024, the group recorded revenue of approximately HKD 107.8 million, an increase of about 9.8% from approximately HKD 98.2 million in the fiscal year 2023[7]. - The group reported a net loss of approximately HKD 0.6 million for the fiscal year 2024, a decline from a net profit of approximately HKD 2.4 million in the fiscal year 2023[7]. - Revenue for the fiscal year 2024 increased by approximately 9.8% to about HKD 107.8 million, up from approximately HKD 98.2 million in fiscal year 2023, primarily due to increased rental income from new tower cranes and related services[19]. - Cost of sales and services for fiscal year 2024 was approximately HKD 83.9 million, an increase of about 15.5% from approximately HKD 72.7 million in fiscal year 2023, driven by higher sales inventory and employee costs[20]. - Gross profit decreased by approximately 6.5% to about HKD 23.9 million in fiscal year 2024, with a gross margin of approximately 22.2%, down from 26.0% in fiscal year 2023, mainly due to inventory write-downs[21]. - Administrative expenses rose to approximately HKD 24.6 million in fiscal year 2024 from HKD 21.8 million in fiscal year 2023, primarily due to increased employee costs and director remuneration[23]. - Financing costs decreased by approximately 12.0% to about HKD 1.5 million in fiscal year 2024, down from HKD 1.7 million in fiscal year 2023, due to reduced outstanding bank loan balances[24]. - The group recorded a loss of approximately HKD 0.6 million in fiscal year 2024, compared to a profit of approximately HKD 2.4 million in fiscal year 2023, primarily due to increased employee costs and reduced gross profit[25]. - Capital expenditures for fiscal year 2024 were approximately HKD 32.8 million, with about 87.3% allocated to the purchase of additional tower cranes[26]. - As of March 31, 2024, the group had cash and cash equivalents of approximately HKD 13.3 million, down from HKD 14.2 million as of March 31, 2023[27]. - The debt-to-equity ratio as of March 31, 2024, was approximately 23.3%, a decrease from 26.5% as of March 31, 2023, mainly due to reduced bank loan balances[27]. Employee Costs and Management - The increase in employee costs, including director remuneration, contributed to the net loss, with an increase of approximately HKD 3.1 million noted[7]. - Employee costs for the fiscal year 2024 were approximately HKD 29.2 million, up from about HKD 26.1 million in fiscal year 2023, including performance bonuses of approximately HKD 6.6 million[39]. - The group employed 35 full-time employees as of March 31, 2024, compared to 32 in the previous fiscal year[39]. - The company conducts regular employee evaluations to assess performance and ensure competitive compensation[39]. - The company’s management aims to reward and recognize performing employees through competitive compensation and effective assessment systems[75]. Business Strategy and Market Position - The group aims to capture potential growth in the Hong Kong construction market despite a challenging business environment, focusing on long-term profitability and shareholder value[8]. - The group plans to explore other potential investment opportunities to diversify its business and create new revenue streams[9]. - The group is expanding its business by purchasing more tower cranes, anticipating continued strong demand driven by the increasing public housing application volume in Hong Kong[13]. - The group is committed to seeking other business opportunities in the Hong Kong construction industry to create sustainable returns for shareholders[16]. - The group aims to strengthen its market position in the hoisting industry and diversify its revenue sources[42]. Corporate Governance - The board consists of seven directors, including two executive directors, two non-executive directors, and three independent non-executive directors[46]. - The company has adopted a share option scheme to reward participants for their contributions to the group[39]. - The board of directors includes members who are eligible and willing to stand for re-election at the upcoming annual general meeting[89]. - The independent non-executive directors have emphasized the importance of corporate governance and risk management in the upcoming fiscal year[54]. - The company has confirmed the independence of all independent non-executive directors as per GEM listing rules[89]. - The company has adopted and complied with all applicable corporate governance code provisions, except for a deviation noted in the annual report[145]. Risk Management - The company has established a risk management and internal control system to identify, assess, and manage significant risks, with regular evaluations conducted at least annually[192]. - The board believes that the risk management and internal control systems are adequate and effective in managing risks associated with achieving business objectives[193]. - The board will assess the risks associated with the company's strategic goals and ensure the establishment of effective risk management systems[192]. Shareholder Information - The board did not recommend the payment of a final dividend for the fiscal year 2024, consistent with the previous fiscal year[34]. - The company did not declare or propose any dividends for the fiscal year 2024, consistent with the previous fiscal year[70]. - The company has a policy ensuring that all directors are re-elected at least once every three years, with one-third of the directors retiring at each annual general meeting[184]. - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting to discuss specified matters[200]. Audit and Compliance - The audit committee, composed of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group, ensuring compliance with financial reporting standards[139]. - The independent auditor for the fiscal year ending March 31, 2024, is Tianzhi Hong Kong CPA, who is eligible and willing to be reappointed at the upcoming annual general meeting[140]. - The total remuneration for the independent auditor, Tianzhi Hong Kong CPA, for the fiscal year 2024 amounted to HKD 633,300, which includes HKD 580,000 for audit services and HKD 38,300 for non-audit tax services[187]. Future Outlook - The company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year[54]. - New product development initiatives are underway, focusing on innovative technologies expected to launch in Q3 2024[54]. - The company is planning market expansion into Southeast Asia, targeting a 10% market share within the next two years[54]. - A strategic acquisition is in progress, aimed at enhancing the company's technological capabilities, with an estimated value of $100 million[54]. - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in costs by the end of the fiscal year[54].