香港交易及結算所有限公司及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，並明確表示不會就因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Modern Living Investments Holdings Limited 雅 居 投 資 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8426） 截 至2023年9月30日 止 九 個 月 之 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為中小型公司提供一個上市的市場，此等公司較於聯交所上市的 其他公司帶有更高投資風險。有意投資者應了解投資於該等公司的潛在 風險，並應經過審慎周詳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 交所主板買賣的證券承受較大的市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有 關雅居投資控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我 們」）的資料，本公司董事（統稱「 ...

Financial Performance - The group recorded unaudited revenue of approximately HKD 163.5 million for the six months ended June 30, 2023, a decrease of about 26.0% compared to HKD 221.0 million for the same period in 2022[6] - The unaudited profit for the six months ended June 30, 2023, was approximately HKD 11.6 million, an increase of about 26.1% from HKD 9.2 million for the same period in 2022[6] - Basic earnings per share for the six months ended June 30, 2023, were approximately HKD 1.44, compared to HKD 1.15 for the same period in 2022[6] - Operating profit for the six months ended June 30, 2023, was HKD 12.2 million, an increase from HKD 10.0 million for the same period in 2022[7] - Total comprehensive income for the six months ended June 30, 2023, was HKD 11.1 million, compared to HKD 8.8 million for the same period in 2022[8] - The company reported a profit of HKD 11,558,000 for the six months ended June 30, 2023, compared to HKD 9,213,000 for the same period in 2022, indicating a growth of 25.4%[10] - Net profit for the three months ended June 30, 2023, was HKD 6,414, an increase of 34.7% from HKD 4,758 in 2022[29] Dividends - The board declared an interim dividend of HKD 0.75 per share for the six months ended June 30, 2023, unchanged from the same period in 2022[6] - The interim dividend declared for the six months ended June 30, 2023, was HKD 0.75 per share, consistent with the dividend of HKD 0.75 per share for the same period in 2022[69] Expenses and Liabilities - Employee benefit expenses decreased to HKD 147.4 million for the six months ended June 30, 2023, from HKD 203.0 million for the same period in 2022, a reduction of approximately 27.4%[7] - Other income for the six months ended June 30, 2023, was HKD 3.5 million, down from HKD 6.1 million for the same period in 2022[7] - The company's total liabilities increased slightly to HKD 52,866,000 as of June 30, 2023, from HKD 51,692,000 as of December 31, 2022, an increase of 2.3%[9] - The group’s employee benefit expenses remained stable at approximately HKD 147.4 million for the six months ended June 30, 2023, compared to approximately HKD 203.0 million for the same period in 2022[44] Assets and Cash Flow - Total assets increased to HKD 214,215,000 as of June 30, 2023, compared to HKD 201,983,000 as of December 31, 2022, representing a growth of 6.1%[9] - Cash and cash equivalents increased to HKD 95,896,000 as of June 30, 2023, from HKD 76,758,000 as of June 30, 2022, marking a rise of 25.0%[11] - Net cash generated from operating activities for the six months ended June 30, 2023, was HKD 24,275,000, a decrease of 19.4% from HKD 30,281,000 in the same period of 2022[11] - Trade receivables decreased to HKD 54,196,000 as of June 30, 2023, down from HKD 64,248,000 as of December 31, 2022, a decline of 15.6%[9] Business Operations - The company continues to focus on property management services primarily in Hong Kong, with no new business segments reported[15] - Revenue from property management services decreased from approximately HKD 221.0 million for the six months ended June 30, 2022, to approximately HKD 163.5 million for the six months ended June 30, 2023, a decrease of about 26.0%[43] - Property management service revenue for the three months ended June 30, 2023, was HKD 85,212, a decrease of 20.5% from HKD 106,993 in 2022[20] Shareholder Information - R5A Group Limited holds 491,440,000 shares, representing 61.43% of the company's issued share capital[62] - Major shareholder Yang Xiuyun holds 57,120,000 shares, representing 7.14% of the company's issued share capital[62] - The board members and key executives have significant shareholdings, with the largest being 491,440,000 shares held by R5A Group Limited[60] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix 15 during the six months ended June 30, 2023[67] - The audit committee has reviewed the unaudited condensed consolidated results for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[71] - The company has adopted a code of conduct regarding securities trading by directors, ensuring compliance with GEM Listing Rules[68] Legal and Compliance - The group maintains sufficient insurance coverage against potential legal claims, with no significant financial impact expected from current claims as of June 30, 2023[57] - The company does not foresee any major financial impact from ongoing legal proceedings as of June 30, 2023[57] - The company has not been informed of any business interests that may compete with the group from directors or controlling shareholders as of June 30, 2023[66] Employee Information - The group had 1,415 employees as of June 30, 2023, with employee benefit expenses of approximately HKD 147.4 million for the six months ended June 30, 2023, compared to approximately HKD 203.0 million for the same period in 2022[59] - The group regularly reviews compensation packages to attract and retain high-performing employees[59] - The group has a policy of granting discretionary bonuses based on performance to eligible employees[59]

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，並明確表示不會就 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的任何損 失承擔任何責任。 Modern Living Investments Holdings Limited 雅 居 投 資 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8426） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為中小型公司提供一個上市的市場，此等公司較於聯交所上市的 其他公司帶有更高投資風險。有意投資者應了解投資於該等公司的潛在 風險，並應經過審慎周詳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 交所主板買賣的證券承受較大的市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有 關雅居投資控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我 們」）的資料，本公司各 ...

Financial Performance - For the three months ended March 31, 2023, the company's revenue was HKD 78,250,000, a decrease of 31.3% compared to HKD 113,966,000 for the same period in 2022[2] - The operating profit for the same period was HKD 4,735,000, showing an increase of 5.5% from HKD 4,486,000 in the previous year[2] - The net profit for the period was HKD 5,144,000, up 15.5% from HKD 4,455,000 in the prior year[2] - Total comprehensive income for the period was HKD 4,894,000, compared to HKD 4,063,000 in the same period last year, reflecting a growth of 20.5%[2] - The company reported a basic and diluted earnings per share of HKD 0.64, an increase from HKD 0.56 in the previous year[2] - Net profit for the period increased to approximately HKD 5.1 million in Q1 2023 from HKD 4.5 million in Q1 2022, mainly due to an increase in foreign exchange gains[23] Revenue and Income Sources - Revenue from property management services decreased from approximately HKD 114.0 million in Q1 2022 to approximately HKD 78.3 million in Q1 2023, primarily due to the termination of several property management contracts[18] - Other income decreased from approximately HKD 4.9 million in Q1 2022 to approximately HKD 2.8 million in Q1 2023, mainly due to a reduction in government subsidies[19] Expenses and Cost Management - Employee benefit expenses decreased to HKD 73,246,000 from HKD 108,347,000, representing a reduction of 32.4%[10] - Employee benefits expenses totaled approximately HKD 73.2 million in Q1 2023, down from HKD 108.3 million in Q1 2022, attributed to a decrease in the number of managed public housing contracts[20] - Cleaning materials costs were approximately HKD 0.7 million in Q1 2023, compared to HKD 1.6 million in Q1 2022, also due to a reduction in managed public housing contracts[21] - Other operating expenses decreased from approximately HKD 3.5 million in Q1 2022 to approximately HKD 2.8 million in Q1 2023, driven by reductions in insurance and maintenance costs[22] Shareholder Information - As of March 31, 2023, the company’s major shareholders include Ms. Tan Mu Jie with a 67.93% stake through R5A Group Limited[25] - R5A Group Limited holds 491,440,000 shares, representing 61.43% of the company's issued share capital as of March 31, 2023[28] - Major shareholders include Yang Xiuyun, holding 57,120,000 shares, which is 7.14% of the company[28] Corporate Governance - The board is not aware of any competition-related interests held by directors or major shareholders as of March 31, 2023[29] - The company has adhered to all corporate governance codes as per GEM listing rules without deviation as of March 31, 2023[30] - The company has established a code of conduct for directors regarding securities trading, in line with GEM listing rules[31] Audit and Compliance - The financial information in the report has not been audited but has been reviewed by the audit committee, confirming compliance with applicable accounting standards[34] - The audit committee consists of independent non-executive directors, ensuring oversight of the financial reporting process[34] - There have been no significant subsequent events reported after March 31, 2023, up to the report date[33] Market Outlook - The outlook for the property market in Hong Kong remains positive, with expectations for growth in public housing property management services[24] - The company aims to increase its market share following its listing, capitalizing on opportunities in the public housing sector[24] Dividend Policy - The company does not recommend the payment of dividends for the period ending March 31, 2023, consistent with the previous year[16] Publication and Transparency - The report will be published on the GEM website and the company's website for at least seven days from the publication date[35] - No purchases, sales, or redemptions of listed securities occurred by the company or its subsidiaries during the three months ending March 31, 2023[32] Business Operations - The company operates primarily in property management services in Hong Kong, with no significant changes in business segments reported[8] - The company continues to focus on providing public housing property management services in Hong Kong, with no new product or technology developments disclosed in the report[5] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective January 1, 2023, with no significant impact on reported amounts[7]

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，並明確表示不會就 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的任何損 失承擔任何責任。 Modern Living Investments Holdings Limited 雅 居 投 資 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8426） 截 至2023年3月31日 止 三 個 月 之 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為中小型公司提供一個上市的市場，此等公司較於聯交所上市的 其他公司帶有更高投資風險。有意投資者應了解投資於該等公司的潛在 風險，並應經過審慎周詳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 交所主板買賣的證券承受較大的市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有 關雅居投資控股有限公司（「本公司」），連同其附屬公司統稱「本集團」或「我 ...

Financial Performance - Total revenue for the year ended December 31, 2022, was approximately HKD 405.99 million, a decrease of about 15.38% from HKD 479.76 million in 2021[7]. - Operating profit for the same period was approximately HKD 23.44 million, down about 22.41% from HKD 30.21 million in 2021, primarily due to a reduction in the number of public housing contracts[7]. - Basic and diluted earnings per share for the year were HKD 0.0265, compared to HKD 0.0318 in 2021[8]. - Profit attributable to owners decreased from approximately HKD 25.46 million for the year ended December 31, 2021, to approximately HKD 21.18 million for the year ended December 31, 2022[29]. - Net profit for the year was HKD 21,180,000, a decline of 16.5% compared to HKD 25,457,000 in 2021[183]. - Total comprehensive income for the year was HKD 23,556,000, slightly down from HKD 23,888,000 in 2021, a decrease of 1.4%[184]. Dividends - The board proposed a final dividend of HKD 0.0075 per share, totaling HKD 6.00 million, down from HKD 12.00 million in 2021[8]. - The company declared an interim dividend of HKD 0.0075 per share, totaling HKD 6.00 million for the year ended December 31, 2022, compared to no dividend in 2021[30]. - The proposed final dividend for the same period is also HKD 0.0075 per share, amounting to HKD 6.00 million, compared to HKD 12.00 million in 2021[117]. - The company paid dividends totaling HKD 18,000,000 in 2022, compared to HKD 12,000,000 in 2021, representing a 50% increase in dividend payouts[191]. Revenue Sources - Total revenue from the Housing Authority, the company's sole and most significant client, was approximately HKD 405.99 million, accounting for nearly 100% of total revenue[131]. - Other income increased from approximately HKD 2.07 million in 2021 to about HKD 11.02 million in 2022, mainly due to pandemic relief subsidies received from the Hong Kong government[17]. - The company faced a significant reliance on five major suppliers, which accounted for approximately 81.57% of cleaning material costs[131]. Employee and Operational Costs - Employee benefit expenses totaled approximately HKD 368.89 million for the year ended December 31, 2022, a decrease of about 9.44% from HKD 407.35 million in 2021, accounting for approximately 90.86% of the group's revenue[19]. - The group employed 1,339 employees as of December 31, 2022, a significant reduction from 2,264 employees in 2021, indicating a workforce reduction of approximately 40.9%[44]. - Cleaning materials costs decreased by 20.63% to approximately HKD 4.81 million for the year ended December 31, 2022, compared to HKD 6.06 million in 2021, mainly due to a reduction in public housing contracts[22]. - Other operating expenses were approximately HKD 15.07 million for the year ended December 31, 2022, down about 5.58% from HKD 15.96 million in 2021[23]. Financial Position - The current ratio improved to 3.85 times as of December 31, 2022, from 3.20 times as of December 31, 2021, primarily due to a decrease in other payables and accrued liabilities[34]. - The total equity increased to approximately HKD 150.29 million as of December 31, 2022, from HKD 144.74 million in 2021[31]. - The company’s total liabilities decreased from HKD 64,553,000 in 2021 to HKD 51,692,000 in 2022, a reduction of about 19.9%[186]. - Cash and cash equivalents dropped significantly from HKD 40,915,000 in 2021 to HKD 11,387,000 in 2022, representing a decrease of about 72.1%[191]. Governance and Compliance - The board of directors emphasizes the importance of transparency and accountability for the company as a listed entity, adhering to the corporate governance code since its listing[64]. - The company has maintained compliance with all provisions of the corporate governance code as of December 31, 2022[64]. - The company has established a framework for effective management and business development through good corporate governance practices[64]. - The company has adopted a board diversity policy since its listing date, focusing on measurable goals related to gender, age, race, knowledge, and tenure[86]. Risk Management - The company emphasizes the importance of effective risk management for long-term business development[96]. - The company has identified significant risks related to fraud or error that could lead to material misstatements in the financial statements[178]. - The risk management framework aims to identify and manage risks at an acceptable safety level, utilizing a three-tiered approach[97]. Audit and Internal Controls - The independent auditor's report confirmed that the consolidated financial statements reflect the group's financial position as of December 31, 2022, in accordance with applicable financial reporting standards[164]. - The audit committee reviewed the audited consolidated financial statements and confirmed compliance with applicable disclosure requirements[162]. - The company has not established an independent internal audit department but has engaged an external consulting firm for internal control advisory[96]. Strategic Initiatives - The company anticipates strong demand for public housing in Hong Kong, which is expected to drive the expansion of property management services[9]. - The group plans to implement proactive marketing strategies and enhance cost control measures to overcome challenges in the property management sector[13]. - The company is focused on expanding its property management portfolio by seizing opportunities from both public and private sectors in residential and/or commercial properties[10].

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，並明確表示不會就 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的任何損 失承擔任何責任。 Modern Living Investments Holdings Limited 雅 居 投 資 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8426） 截 至2022年12月31日 止 年 度 之 年 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM市場之特色 GEM乃為中小型公司提供一個上市的市場，此等公司較於聯交所上市的 其他公司帶有更高投資風險。有意投資者應了解投資於該等公司的潛在 風險，並應經過審慎周詳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 交所主板買賣的證券承受較大的市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供 有關雅居投資控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我 們」）之資料。本公 ...

Financial Performance - For the nine months ended September 30, 2022, the group recorded unaudited revenue of approximately HKD 327.3 million, a decrease of about 7.7% compared to HKD 352.3 million for the same period in 2021[5] - The group's unaudited profit for the nine months ended September 30, 2022, was approximately HKD 14.4 million, compared to HKD 13.1 million for the same period in 2021, reflecting an increase of about 9.9%[5] - For the three months ended September 30, 2022, the group reported an unaudited profit of HKD 5.2 million, compared to HKD 6.8 million for the same period in 2021, indicating a decrease of about 23.4%[7] - The total comprehensive income for the nine months ended September 30, 2022, was HKD 14.0 million, compared to HKD 13.1 million for the same period in 2021[9] - Revenue from property management services decreased from approximately HKD 352.3 million for the nine months ended September 30, 2021, to approximately HKD 327.3 million, a decline of about 7.7%[37] Employee Expenses - Employee benefit expenses for the nine months ended September 30, 2022, were approximately HKD 298.4 million, a slight decrease of about 0.4% from HKD 299.6 million in the same period of 2021[5] - Employee benefits expenses for the nine months ended September 30, 2022, totaled HKD 298,370,000, slightly down from HKD 299,592,000 in the same period of 2021[20] - Employee benefit expenses decreased slightly from approximately HKD 299.6 million to approximately HKD 298.4 million due to the termination of two property management service contracts[38] Cost Management - The company reported a decrease in cleaning materials costs for the nine months ended September 30, 2022, amounting to HKD 1,630,000 compared to HKD 4,061,000 in the previous year, reflecting a reduction of 59.9%[27] - The company incurred subcontracting costs of HKD 638,000 for the nine months ended September 30, 2022, compared to HKD 18,132,000 in the same period of 2021, indicating a significant reduction[27] - The company implemented stricter cost control measures, resulting in a decrease in cleaning material costs from approximately HKD 4.6 million to approximately HKD 4.1 million[39] Strategic Focus - The group aims to strengthen operations through innovation and digitalization, indicating a strategic focus on technology advancement[3] - The group is committed to exploring market expansion opportunities and potential mergers and acquisitions as part of its growth strategy[3] - The company anticipates growth in the public housing property management services business alongside the development of the public housing market in Hong Kong[42] - The company aims to increase its market share following its listing and believes that opportunities will benefit its business[42] Shareholder Information - R5A Group Limited holds a significant stake of 491,440,000 shares, representing 61.43% of the company's issued share capital[54] - Ms. Yang Xiuyun owns 57,120,000 shares, accounting for 7.14% of the company's equity[54] Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules without any deviations[60] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[67] - The company has not identified any conflicts of interest or competitive businesses involving its directors or major shareholders[59] Audit and Compliance - The audit committee has reviewed the unaudited condensed consolidated results and confirmed compliance with applicable accounting standards[66] - The company has not adopted any new accounting standards that would have a significant impact on the reported amounts for the current period[16] - The company has maintained its primary accounting policies consistent with those used in the preparation of the annual financial statements for the year ended December 31, 2021[16] Dividends - The company declared a final dividend of HKD 12,000,000 (HKD 0.015 per share) for the year ended December 31, 2021, and an interim dividend of HKD 6,000,000 (HKD 0.0075 per share) for the six months ended June 30, 2022[31] - The board did not recommend the payment of dividends for the period ended September 30, 2022[32] Taxation - The effective tax rate for the nine months ended September 30, 2022, was calculated at 16.5%, with deferred tax related to temporary differences amounting to HKD 1,549,000[28] Business Operations - The company operates a single business segment, providing property management services in Hong Kong, with no separate business segment analysis presented[17] - The financial data presented is unaudited and expressed in Hong Kong dollars (HKD), which is also the functional currency of the group[14]

Financial Performance - The group recorded unaudited revenue of approximately HKD 221.0 million for the six months ended June 30, 2022, a decrease of about 5.0% compared to HKD 232.6 million for the same period in 2021[10] - The unaudited profit for the six months ended June 30, 2022, was approximately HKD 9.2 million, an increase of about 48.4% from HKD 6.2 million for the same period in 2021[10] - Basic earnings per share for the six months ended June 30, 2022, were approximately HKD 1.15, compared to HKD 0.78 for the same period in 2021[10] - Operating profit for the six months ended June 30, 2022, was HKD 6.55 million, compared to HKD 9.97 million for the same period in 2021[11] - The company's profit for the six months ended June 30, 2022, was HKD 5,186, compared to HKD 9,213 for the same period in 2021, representing a decrease of approximately 43.5%[13] - Total comprehensive income for the six months ended June 30, 2022, was HKD 5,486, down from HKD 8,821 in the previous year, indicating a decline of about 37.5%[13] Dividends - The board declared an interim dividend of HKD 0.75 per share for the six months ended June 30, 2022, compared to no dividend for the same period in 2021[10] - The interim dividend declared for the six months ended June 30, 2022, was HKD 0.75 per share, compared to no dividend for the same period in 2021[72] - The interim dividend will be paid on or before September 30, 2022, to shareholders listed on the register as of September 9, 2022[131] Employee Benefits and Expenses - The group’s employee benefit expenses for the six months ended June 30, 2022, were approximately HKD 202.98 million, an increase from HKD 194.09 million in the same period of 2021[11] - Employee benefits expenses for the six months ended June 30, 2022, totaled HKD 202,984,000, an increase of 4.6% from HKD 194,091,000 in the same period of 2021[60] - Employee benefits expenses remained stable at approximately HKD 203.0 million for the six months ended June 30, 2022, compared to approximately HKD 194.1 million for the same period in 2021[96] Cash Flow and Financial Position - Cash and cash equivalents increased to HKD 76,758 as of June 30, 2022, compared to HKD 40,915 at the end of 2021, reflecting a growth of approximately 87.6%[16] - Cash flows from operating activities for the six months ended June 30, 2022, were HKD 30,850, compared to a cash outflow of HKD 1,564 for the same period in 2021[23] - The company reported cash flows from investing activities of HKD 30,281 for the six months ended June 30, 2022, compared to a cash outflow of HKD 1,964 in the previous year[23] - The company recorded a net cash increase of HKD 35,843 for the six months ended June 30, 2022, compared to a decrease of HKD 7,533 in the same period of 2021[23] - Cash and bank balances as of June 30, 2022, were approximately HKD 76.8 million, up from approximately HKD 40.9 million as of December 31, 2021[103] Assets and Liabilities - The group’s total assets as of June 30, 2022, were approximately HKD 1.5 billion, reflecting a stable financial position[10] - Total assets reached HKD 221,383 as of June 30, 2022, up from HKD 209,288 at the end of 2021, marking an increase of about 5.2%[16] - The total liabilities as of June 30, 2022, were HKD 67,827, an increase from HKD 64,553 at the end of 2021, indicating a rise of approximately 3.5%[16] - The total trade receivables as of June 30, 2022, amounted to HKD 75,639,000, a decrease of 18.52% from HKD 92,824,000 as of December 31, 2021[82] - The group’s total liabilities as of June 30, 2022, included performance guarantees totaling approximately HKD 90.2 million[110] Financial Management and Governance - The group’s financial risk management plan focuses on minimizing the potential adverse effects of financial market unpredictability on its financial performance[38] - The financial information in the report has not been audited, but the audit committee reviewed the unaudited consolidated results for the six months ended June 30, 2022, and found them compliant with applicable accounting standards[133] - The audit committee consists of independent non-executive directors, ensuring oversight of the financial reporting process[133] - The company has complied with all corporate governance codes as per GEM listing rules as of June 30, 2022[127] Shareholder Information - R5A Group Limited holds 491,440,000 shares, representing 61.43% of the company's issued share capital[116] - Major shareholders include Tan Mu Jie with 55.23%, Song Li Ming with 16.28%, He Zhu Ming with 13.96%, and Deng Jiang Fu with 12.79%[122] - Wu Fu Hua is the beneficial owner of 49,540,000 shares, accounting for 6.19% of the company's issued share capital[117] - The beneficial ownership structure indicates significant control by a small group of individuals, highlighting potential governance considerations[116] Other Financial Information - The group received HKD 800,000 in wage subsidies from the Anti-epidemic Fund during the six months ended June 30, 2022, compared to no such income in the same period of 2021[57] - The company reported a total income tax expense of HKD 711,000 for the six months ended June 30, 2022, compared to HKD 1,493,000 for the same period in 2021[70] - The company recorded a fair value loss of HKD 130,000 on financial assets measured at fair value through profit or loss for the period ended June 30, 2022[80] - The group has not adopted any new accounting standards that would have a significant impact on the reported amounts for the interim financial results[32] - The group operates a single segment providing property management services in Hong Kong, with no business segment analysis presented[31]

Financial Performance - For the three months ended March 31, 2022, the company's revenue was HKD 113,966,000, a decrease of 1.15% from HKD 115,290,000 in the same period of 2021[5] - The company reported a net profit of HKD 4,455,000 for the first quarter of 2022, compared to HKD 1,055,000 in the same period of 2021, representing a significant increase of 322.5%[5] - Operating profit for the first quarter of 2022 was HKD 4,868,000, up from HKD 992,000 in the same period of 2021, indicating a substantial improvement in operational efficiency[5] - The basic and diluted earnings per share for the first quarter of 2022 were HKD 0.56, compared to HKD 0.13 in the same period of 2021, reflecting a strong growth in profitability[5] - Total comprehensive income for the period was HKD 4,063,000, compared to HKD 755,000 in the first quarter of 2021, showing a notable increase in overall financial performance[5] Operational Costs - Employee benefit expenses increased to HKD 108,347,000 in the first quarter of 2022 from HKD 95,586,000 in the same period of 2021, indicating rising operational costs[5] - The cost of cleaning materials rose from approximately HKD 1.5 million in Q1 2021 to approximately HKD 1.6 million in Q1 2022, primarily due to the termination of cleaning service outsourcing arrangements[26] - Other operating expenses increased from approximately HKD 3.4 million in Q1 2021 to approximately HKD 3.5 million in Q1 2022, driven by higher insurance and maintenance costs[27] Shareholder Information - As of March 31, 2022, the major shareholders include R5A Group Limited, holding 491,440,000 shares, representing approximately 61.43% of the company's issued share capital[32] - Ms. Tan Mu Jie and Mr. Wu Fu Hua each control 538,710,000 shares, accounting for 67.34% of the company's equity[31] - Mr. Wu Fu Hua is the beneficial owner of 47,270,000 shares, which is about 5.91% of the company's issued share capital[32] - Ms. Tan Mu Jie holds a beneficial interest of 55.23% in R5A Group Limited, which is the registered owner of the aforementioned shares[32] - As of March 31, 2022, there are no other individuals known to hold 5% or more of the voting shares in the company[36] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix 15 without any deviations as of March 31, 2022[40] - The audit committee has reviewed the unaudited consolidated results for the three months ended March 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[45] Business Strategy - The company continues to focus on property management services for public housing and subsidized housing in Hong Kong, maintaining its core business strategy[8] - The outlook for the property management services business is optimistic, with expected growth in line with the development of the public housing market in Hong Kong[29] Stock Options - The company has a stock option plan adopted on October 24, 2017, aimed at incentivizing eligible participants contributing to the group's success[37] - A total of 32,000,000 stock options were granted to employees at an exercise price of HKD 0.177 per share on June 17, 2019[38] - The stock options granted will vest in two tranches, with 50% vesting on June 17, 2020, and the remaining 50% on June 17, 2021[38] - The stock option plan is valid for ten years from the date of listing, with a symbolic acceptance fee of HKD 1.00 for each option granted[37] Dividend Policy - The company did not recommend the payment of dividends for the three months ended March 31, 2022, consistent with the previous year[20] Other Information - The company did not incur subcontracting costs in the first quarter of 2022, compared to HKD 13,171,000 in the same period of 2021, suggesting a shift in operational strategy[5] - The company manages 20 public housing estates and 3 Home Ownership Scheme estates in Hong Kong as of March 31, 2022[22] - The financial results were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial reporting[9]