此外，与经验丰富的管理团队合作，并凭藉网约车公司的成熟网络，可加快本公司于数码平台营运方面 的学习曲线。该平台的技术能力及数据驱动方法可提供宝贵见解，为本公司更广泛的数码转型计划提供 资料。 尽管该投资属小额投资，亦让本公司得以在一个具备全球潜力的高度创新及可扩展的行业中站稳脚跟。 本公司可从数码经济生态系统内的未来合作机会、潜在协同效应及提升品牌曝光度中获益。 万顺瑞强集团(08427)发布公告，于2025年8月1日，卖方Wanshun Technology Industrial Group Limited、 目标公司深圳万顺叫车云信息技术有限公司、买方Gallant Empire Limited订立买卖协议，买方同意购买 而卖方同意出售销售资本(注册股本的1%)，总代价为3487.4万港元，将透过发行代价股份的方式结算。 收购事项乃符合本公司多元化及增长目标的策略性举措。进军网约车行业契合本公司超越现有业务的更 广泛多元化策略，提供接触创新业务模式及技术驱动平台的机会。随着本公司对行业的深入了解以及网 约车平台扩大其经营规模，该投资为更深入的合作、知识转移及跨行业协同效应奠定基础，同时亦提供 进一步参股的 ...

此外，与经验丰富的管理团队合作，并凭藉网约车公司的成熟网络，可加快本公司于数码平台营运方面 的学习曲线。该平台的技术能力及数据驱动方法可提供宝贵见解，为本公司更广泛的数码转型计划提供 资料。 万顺瑞强集团(08427)发布公告，于2025年8月1日，卖方Wanshun Technology Industrial Group Limited、 目标公司深圳万顺叫车云信息技术有限公司、买方Gallant Empire Limited订立买卖协议，买方同意购买 而卖方同意出售销售资本(注册股本的1%)，总代价为3487.4万港元，将透过发行代价股份的方式结算。 尽管该投资属小额投资，亦让本公司得以在一个具备全球潜力的高度创新及可扩展的行业中站稳脚跟。 本公司可从数码经济生态系统内的未来合作机会、潜在协同效应及提升品牌曝光度中获益。 收购事项乃符合本公司多元化及增长目标的策略性举措。进军网约车行业契合本公司超越现有业务的更 广泛多元化策略，提供接触创新业务模式及技术驱动平台的机会。随着本公司对行业的深入了解以及网 约车平台扩大其经营规模，该投资为更深入的合作、知识转移及跨行业协同效应奠定基础，同时亦提供 进一步参股的 ...

万顺瑞强集团(08427)发布公告，股份于联交所买卖的每手买卖单位将由1200股股份变更为400股股份， 自2025年8月22日上午九时正起生效。 ...

智通财经APP讯，万顺瑞强集团(08427)发布公告，股份于联交所买卖的每手买卖单位将由1200股股份变 更为400股股份，自2025年8月22日上午九时正起生效。 ...

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 佈 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 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。 WS-SK TARGET GROUP LIMITED 萬 順 瑞 強 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8427） 變更每手買賣單位 董 事 會 謹 此 宣 佈 ， 股 份 於 聯 交 所 買 賣 之 每 手 買 賣 單 位 將 由 1,200 股 股 份 變 更 為 400股股份，自2025年8月22日（ 星期五 ）上午九時正起生效。有關變更每手買賣 單位的預期時間表載列於下文正文。 本公司股東可於2025年8月8日（ 星期五 ）上午九時正至2025年9月15日（ 星期一 ） 下午四時三十分（ 包括首尾兩日 ）營業時間內，將其每手買賣單位1,200股現有股 票交回股份過戶登記分處，以免費換領每手買賣單位400股新股票。 萬順瑞強集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 ...

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 公 佈 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 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。 本公佈僅供參考，並不構成收購、購買或認購任何證券的邀請或要約。 WS-SK TARGET GROUP LIMITED 萬 順 瑞 強 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8427） 有關收購目標公司註冊資本 涉及根據一般授權發行代價股份之 須予披露交易 於2025年8月1日（ 交易時段後 ），賣方、目標公司、買方訂立買賣協議，據此， 買方 同 意購 買而 賣 方同 意出 售 銷售 資本 ， 總代 價為 34.874 百 萬 港元 ，將 透 過發 行代價股份之方式結算。 由 於收 購 事項 之 一 項或 多 項適 用 百 分比 率（ 定 義 見GEM 上 市 規則 ）超 過 5 % ，但 全部低於25 %，故收購事項構成本公司之須予披露交易，須遵守申報及公佈規 定，惟獲豁免遵守GEM上市規則所載之股東批准規 ...

Financial Performance - For the six months ended November 30, 2024, the Group reported revenue of RM 15,494,000, an increase of 1.22% compared to RM 15,308,000 in the same period of 2023[14]. - Gross profit for the same period was RM 4,311,000, reflecting a growth of 2.91% from RM 4,189,000 in the previous year[15]. - Profit before taxation decreased slightly to RM 1,353,000, down 5.25% from RM 1,428,000 in the prior year[15]. - Profit for the period from continuing operations was RM 747,000, a marginal increase of 4.05% compared to RM 718,000 in the previous year[15]. - The Group's total profit for the period was RM 722,000, an increase of 25.35% compared to RM 576,000 in the same period of 2023[15]. - For the six months ended November 30, 2024, total comprehensive income was RM 254,000, a decrease of 62.2% compared to RM 672,000 for the same period in 2023[16]. - Basic earnings per share from continuing operations was RM 4.77 cents, down 10.2% from RM 5.31 cents in the previous year[16]. - The company reported a profit for the period of RM 722,000, an increase from RM 576,000 in the previous period[21]. Operational Efficiency - The Company continues to focus on enhancing operational efficiency and exploring new market opportunities to drive future growth[13]. - Administrative expenses decreased to RM 2,516,000, down 8.27% from RM 2,743,000 in the previous year[15]. - Finance costs were reduced to RM 46,000, down 33.33% from RM 69,000 in the previous year[15]. - For the six months ended November 30, 2024, net cash used in operating activities was RM 1,141,000, a decrease from RM 1,346,000 in the same period of 2023, indicating improved operational efficiency[23]. - The company’s cash flow from operating activities remains negative, indicating ongoing challenges in generating cash from core operations[23]. Assets and Liabilities - Non-current assets increased to RM 9,934,000 as of November 30, 2024, up 24.1% from RM 8,006,000 as of May 31, 2024[17]. - Current assets decreased to RM 40,195,000 from RM 42,601,000, reflecting a decline of 5.7%[18]. - Total equity increased to RM 37,789,000 as of November 30, 2024, compared to RM 36,298,000 as of May 31, 2024, representing a growth of 4.1%[18]. - The total non-current liabilities rose to RM 485,000, compared to RM 95,000 in the previous period, indicating a significant increase[18]. - The net current assets remained stable at RM 28,340,000, slightly down from RM 28,387,000[18]. Revenue Segmentation - Segment revenue from manufacturing and trading of precast concrete junction boxes was RM 14,515,000, while revenue from other building materials and services was RM 979,000[45]. - Revenue from the trading of accessories and pipes and mobile crane rental services surged by approximately 43.97%, rising from RM 680,000 to RM 979,000 during the same period[116][118]. - The revenue from the manufacturing and trading of precast concrete junction boxes slightly decreased by approximately 0.77%, from RM 14.6 million to RM 14.5 million, indicating stable demand in Malaysia[113][115]. Cash Flow and Investments - Cash generated from investing activities showed a significant decline, with a net cash outflow of RM 1,930,000 compared to a net inflow of RM 12,000 in the previous year, primarily due to increased purchases of property, plant, and equipment totaling RM 2,479,000[24]. - The total cash and cash equivalents at the end of the period were RM 23,432,000, down from RM 25,951,000 in the previous year, primarily due to a net decrease in cash and cash equivalents of RM 2,873,000[24]. - The company completed the acquisition of 100% equity of the target company for HK$5.5 million on December 2024[134]. - The company entered into a Sale and Purchase Agreement for land use rights at a consideration of approximately RM 7.95 million, with RM 4.68 million already paid as a deposit[142][145]. Share Capital and Equity - The company issued subscription shares amounting to RM 1,237,000 during the period, contributing to the increase in share capital[21]. - The share capital attributable to owners increased to approximately RM 7.3 million as of November 30, 2024, from RM 6.0 million on May 31, 2024[141][144]. - The weighted average number of ordinary shares increased to 15,666,591 for the six months ended November 30, 2024, compared to 13,518,053 in the previous year, representing an increase of approximately 15.9%[68]. Risks and Challenges - The Group's income and profit are significantly denominated in Malaysian Ringgit (RM), exposing it to foreign currency risk[181]. - The Group faces operational risks due to fluctuations in raw material prices, which may adversely impact financial results[191]. - The Group's cash inflow is dependent on prompt settlements from customers, exposing it to credit and liquidity risks[192]. - The Group's ability to pay dividends may be affected by foreign exchange controls and fluctuations in currency values[181]. Corporate Governance - The Board did not recommend the payment of a dividend for the six months ended 30 November 2024, consistent with the previous year[73]. - The company is committed to ensuring accurate reporting and compliance with the Securities and Futures Ordinance (SFO)[177]. - No other interests or short positions in shares or debentures were reported by directors and chief executives as of November 30, 2024[168].

Financial Performance - The company reported a revenue of 15,494 thousand HKD for the six months ending November 30, 2024, compared to 15,308 thousand HKD for the same period in 2023, representing an increase of approximately 1.22%[6]. - Gross profit for the period was 4,311 thousand HKD, up from 4,189 thousand HKD year-over-year, indicating a growth of about 2.92%[6]. - The net profit from continuing operations was 747 thousand HKD, compared to 718 thousand HKD in the previous year, reflecting an increase of approximately 4.04%[6]. - The total comprehensive income for the period was 254 thousand HKD, down from 672 thousand HKD in the same period last year, showing a decline of about 62.25%[9]. - Basic earnings per share from continuing operations was 4.77 cents, compared to 5.31 cents in the previous year, a decrease of approximately 10.18%[9]. - The company incurred a loss of 25 thousand HKD from discontinued operations, compared to a loss of 142 thousand HKD in the previous year, indicating an improvement[6]. - The company reported other income of 506 thousand HKD, down from 609 thousand HKD year-over-year, a decrease of about 16.87%[6]. - Administrative expenses were 2,516 thousand HKD, a decrease from 2,743 thousand HKD in the previous year, reflecting a reduction of approximately 8.27%[6]. - The company experienced a foreign exchange loss of 468 thousand HKD from overseas operations during the period[9]. Assets and Liabilities - Total assets minus current liabilities increased to 38,274 million Ringgit as of November 30, 2024, compared to 36,393 million Ringgit on May 31, 2024[12]. - Non-current liabilities totaled 485 million Ringgit, with lease liabilities accounting for 390 million Ringgit[12]. - Net assets rose to 37,789 million Ringgit from 36,298 million Ringgit[12]. - Current assets reached 42,601 million Ringgit, up from 40,195 million Ringgit[11]. - Cash and cash equivalents decreased to 5,312 million Ringgit from 7,142 million Ringgit[11]. - Inventory increased to 2,072 million Ringgit from 1,800 million Ringgit[11]. - Trade receivables and prepayments amounted to 12,485 million Ringgit, compared to 13,417 million Ringgit previously[11]. - Total equity increased to 37,789 million Ringgit from 36,298 million Ringgit[12]. - Current liabilities decreased to 14,214 million Ringgit from 11,855 million Ringgit[11]. - The company reported a total of 9,934 million Ringgit in non-current assets, up from 8,006 million Ringgit[11]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of RM 1.141 million for the six months ended November 30, 2024, compared to RM 1.346 million in the same period last year[15]. - The company raised RM 605 million through the issuance of new ordinary shares as of November 30, 2024, compared to RM 1,237 million in the previous year[15]. - The company's total liabilities increased to RM 37.789 million as of November 30, 2024, compared to RM 36.452 million in the previous year, reflecting a rise of approximately 3.7%[14]. - The company recorded a foreign exchange loss of RM 468 million for the six months ended November 30, 2024, compared to a gain of RM 96 million in the previous year[14]. - The company's total equity as of November 30, 2024, was RM 36.298 million, a decrease from RM 36.452 million in the previous year, indicating a decline of approximately 0.4%[14]. Revenue Breakdown - For the six months ending November 30, 2024, the group reported total revenue of 15,494 thousand Ringgit, with 14,515 thousand Ringgit from manufacturing and trading, and 979 thousand Ringgit from other building materials and services[27]. - The company’s total revenue from sales of goods was RM 137 million for the six months ended November 30, 2024, compared to RM 158 million in the previous year, indicating a decrease of approximately 13.3%[15]. - Revenue from the manufacturing and trading of precast concrete junction boxes slightly decreased by about 0.77%, from approximately 14.6 million MYR to about 14.5 million MYR during the same periods, indicating strong and stable demand in Malaysia[56]. - Revenue from the parts and pipeline trading, as well as mobile crane rental and ancillary services, increased by approximately 43.97% from about 680,000 MYR for the six months ended November 30, 2023, to about 979,000 MYR for the six months ending November 30, 2024[57]. Operational Highlights - The company is focused on expanding its market presence and enhancing its product offerings in the upcoming quarters[6]. - The company has been a registered supplier for major telecommunications companies since 2008, including Celcom Axiata Berhad and Telekom Malaysia, and has been a registered supplier for Tenaga National Bhd since 2012[53]. - The company plans to diversify its existing business portfolio and seek potential investment opportunities to enhance shareholder value[54]. - The company is involved in the manufacturing and sales of precast concrete junction boxes used for telecommunications and electrical infrastructure upgrades and expansions in Malaysia[52]. - The company has entered into a non-binding memorandum of understanding to acquire equity in Wan Shun New Energy Automotive Technology (Wuhan) Co., Ltd.[50]. Shareholder Information - The company’s director, Loh Swee Keong, holds 2,982,750 shares, representing 18.24% of the issued share capital as of November 30, 2024[76]. - Major shareholders include Merchant World Investments Limited and Woon Sow Sum, each holding 18.24% of the company[77]. - Li Mingfeng holds 16.67% of the company's shares, while Greater Elite Holdings Limited, controlled by Loh Feng Yuan, holds 14.38%[77]. Corporate Governance - The company believes that the dual role of the Chairman and CEO is in the best interest of the group, despite deviations from corporate governance guidelines[90]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance with the relevant trading rules as of November 30, 2024[99]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended November 30, 2024, and believes they comply with applicable standards and GEM listing rules[103]. Risks and Challenges - The company faces operational risks related to competition and overall economic conditions affecting construction projects[85]. - The group faces potential adverse impacts on financial performance due to fluctuations in the prices of key raw materials[86]. - The group relies on cash inflows from customers to meet payment obligations to suppliers, facing credit and liquidity risks[87]. - The company will closely monitor foreign currency risks, particularly fluctuations in the Malaysian Ringgit, which could impact financial performance[81].

Company Overview - SK Target Group Limited is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange, which is designed for small and mid-sized companies with higher investment risks[1]. - The company acknowledges the potential risks associated with investing in GEM-listed companies, including susceptibility to high market volatility[2]. - The directors of SK Target Group Limited confirm that the information in the report is accurate and complete in all material respects, ensuring no misleading statements are present[3]. Financial Performance - The Group's revenue slightly increased by approximately 1.25%, from approximately RM30.3 million for the year ended 31 May 2023 to approximately RM30.7 million for the year ended 31 May 2024[16]. - Revenue from the manufacturing and trading of precast concrete junction boxes increased by approximately 20.16%, while the other building materials and services business segment increased by approximately 4.19%[9]. - The sale of health supplement products decreased by 100% due to a change in business strategy[9]. - The Group remains cautiously optimistic about overall business prospects despite challenges such as labor shortages and rising material costs[15]. - The increase in revenue is attributed to the steady improvement of the Malaysian economy following the recovery from COVID-19[14]. - The Group recorded a net profit of approximately RM108,000 for the year ended 31 May 2024, compared to RM88,000 for the previous year, driven by increased revenue and decreased cost of sales[20]. Revenue Sources - The Group's revenue is primarily derived from non-recurrent infrastructure upgrades and construction projects, with no guarantee of future purchase orders from customers[21]. - Revenue from the manufacturing and trading of precast concrete junction boxes increased by approximately 20.16%, from approximately RM24.4 million for the year ended 31 May 2023 to approximately RM29.3 million for the year ended 31 May 2024[19]. - Revenue from the trading of accessories and pipes and mobile crane rental services slightly increased by approximately 4.19%, from approximately RM1.3 million to approximately RM1.4 million for the same periods[19]. Cost and Expenses - The total cost of sales for precast concrete junction boxes increased from approximately RM18.7 million to approximately RM21.0 million, representing an increase of approximately 12.42%[19]. - Gross profit increased from approximately RM6.9 million to approximately RM8.6 million, attributed to a focus on higher profit margin products and better expense control[19]. - Administrative expenses increased by approximately RM1.7 million or 38.74%, from approximately RM4.3 million to approximately RM6.0 million, mainly due to increased staff costs and director remuneration[20]. - Selling and distribution expenses increased by approximately RM0.13 million or 10.15%, from approximately RM1.23 million to approximately RM1.36 million, primarily due to increased bonuses and commissions[20]. Financial Position - As of 31 May 2024, the Group recorded trade receivables amounting to approximately RM8.6 million, with a trade receivables turnover of approximately 106 days, exceeding the stipulated credit period[22]. - The average trade payable turnover days were approximately 79 days, indicating potential liquidity risk due to cash flow mismatches[22]. - As of May 31, 2024, the Group's cash and cash equivalents amounted to approximately RM28.2 million, slightly up from RM28.1 million as of May 31, 2023[24]. - The Group had no bank borrowings as of May 31, 2024, indicating a strong financial position[25]. - The current ratio as of May 31, 2024, was 3.00, down from 3.61 as of May 31, 2023, reflecting a decrease in liquidity[24]. Corporate Governance - The Group has a structured corporate governance framework, details of which are provided in the Corporate Governance Report[54]. - The Board is dedicated to high standards of corporate governance, enhancing accountability, transparency, and internal control systems[106]. - The Company has adopted a code of conduct regarding securities transactions by the Directors, confirming compliance for the year ended May 31, 2024[111]. - The Company emphasizes the importance of good corporate governance for effective management and successful business development[109]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended May 31, 2024, consistent with the previous year where no dividend was paid[55]. - The Company has adopted a Dividend Policy that considers financial results, cash flow situation, business conditions, future operations, capital requirements, and shareholder interests when determining dividends[162]. - The declaration and payment of dividends are at the sole discretion of the Board and subject to restrictions under applicable laws and regulations[163]. Audit and Compliance - The financial statements for the year ended 31 May 2024 have been audited by McMillan, who will offer themselves for re-appointment at the upcoming AGM[103]. - The audit committee assists the directors in overseeing the Group's financial reporting process[191]. - The auditors evaluate the appropriateness of accounting policies and the reasonableness of accounting estimates made by the directors[196]. - The audit process includes obtaining sufficient and appropriate audit evidence to provide a basis for the auditors' opinion[193]. Risk Management - The Group's internal control and risk management systems are designed to provide reasonable assurance against material misstatement or loss[157]. - An independent internal control consultant conducted an annual review of the effectiveness of the Group's risk management and internal control systems for the year ended May 31, 2024[160]. - The management is responsible for establishing and reviewing the internal control system underpinning the risk management framework[159]. Future Plans - The management is committed to seeking business opportunities that would generate long-term returns for shareholders[10]. - The Company has a clear strategy for market expansion and product development in its core business areas[50].

Financial Performance - The group's revenue for the year ended May 31, 2024, was RM 30,681,000, an increase of 1.3% from RM 30,301,000 in 2023[2] - Gross profit for the year was RM 8,559,000, representing a significant increase of 23.6% compared to RM 6,923,000 in the previous year[2] - The net profit for the year was RM 108,000, up from RM 88,000 in 2023, reflecting a growth of 22.7%[2] - The total comprehensive income for the year was RM 518,000, compared to RM 493,000 in the previous year, indicating a growth of 5.1%[2] - Basic and diluted earnings per share increased to 0.80 sen from 0.72 sen, marking a rise of 11.1%[2] - The group reported a pre-tax profit of 1,247 thousand MYR for the year ending May 31, 2024, compared to 818 thousand MYR in the previous year, reflecting a significant increase[15] - The company reported a pre-tax profit of RM 1,247,000 for 2024, up from RM 818,000 in 2023, reflecting a significant improvement in profitability[27] - The net profit for the year ending May 31, 2024, was approximately MYR 108,000, up from approximately MYR 88,000 for the year ended May 31, 2023[45] Assets and Liabilities - Total assets as of May 31, 2024, were RM 42,601,000, slightly up from RM 42,087,000 in 2023[3] - The group's net assets increased to RM 36,298,000 from RM 35,175,000, showing a growth of 3.2%[4] - The total non-current assets as of May 31, 2024, amounted to RM 8,006,000, with Malaysia contributing RM 4,540,000 and China (Hong Kong) RM 3,466,000[20] - The total current assets as of May 31, 2024, were RM 42,087,000, compared to RM 37,976,000 in 2023, showing an increase in liquidity[18] - The group’s non-current assets totaled 8,006 thousand MYR, with non-current liabilities at (95) thousand MYR[16] Revenue Segments - Revenue from the manufacturing and trading segment was 29,287 thousand MYR, up from 24,374 thousand MYR, indicating a growth of 20.2%[14] - The sales of healthcare products generated 4,577 thousand MYR in revenue for the year ending May 31, 2023, which was a new segment introduced this year[15] - Revenue from the manufacturing and trading of precast concrete junction boxes rose by approximately 20.16%, from about 24.4 million MYR to about 29.3 million MYR during the same period[41] Expenses - The group reported a decrease in administrative expenses to RM 5,977,000 from RM 4,308,000, reflecting a rise of 39%[2] - The cost of goods sold for the year 2024 was RM 15,995,000, a decrease from RM 17,943,000 in 2023, indicating improved cost management[24] - Administrative expenses rose from approximately MYR 4.3 million to approximately MYR 6.0 million, an increase of about 38.74%[43] - Sales and distribution expenses increased from approximately MYR 1.23 million to approximately MYR 1.36 million, an increase of about 10.15%[44] Cash Flow and Liquidity - The group’s cash and bank balances increased to RM 7,142,000 from RM 6,828,000, a growth of 4.6%[3] - The total cash and cash equivalents amounted to 28,019 thousand MYR in 2024, after deducting pledged deposits of 212 thousand MYR[32] - The current ratio as of May 31, 2024, was 3.00 times, down from 3.61 times as of May 31, 2023[49] - The company has no borrowings as of May 31, 2024, maintaining a strong financial position with cash and cash equivalents of approximately MYR 28.2 million[49] Strategic Initiatives - The group plans to focus more resources on the development of precast concrete junction box manufacturing and trading business post-COVID-19 recovery[41] - The company plans to expand capacity through various means, including increasing production at existing facilities, which is projected to contribute an additional 7.0 million HKD[56] - The establishment of a new facility in Kulai is expected to add 7.3 million HKD, with 4.9 million HKD already allocated for this purpose[56] - The company has engaged in vertical expansion in the precast concrete junction box industry through acquisitions, amounting to 2.7 million HKD[56] Corporate Governance and Compliance - The company emphasizes its commitment to environmental sustainability and compliance with environmental regulations[72] - The company is focused on enhancing corporate governance standards and internal controls to protect shareholder rights[70] - The board consists of independent non-executive directors who have confirmed their independence as per GEM listing rules[70] - The company is committed to transparency and will provide updates on its website as well[80] Shareholder Matters - The company did not recommend any dividends for the fiscal years ending May 31, 2023, and 2024[29] - The board did not recommend a final dividend for the year ending May 31, 2024, consistent with the previous year[76] - The company issued 27,252,720 subscription shares at a price of HKD 0.08 per share, raising approximately HKD 2.1 million net of expenses[74]