Group 1 - The core viewpoint of the news highlights the recent performance of Hanno Jiachi Holdings Limited, which saw a significant stock price increase of 53.33% on April 30, closing at 0.69 HKD per share, despite a year-to-date underperformance compared to the Hang Seng Index [1] - Hanno Jiachi reported total revenue of 10.7881 million HKD for the fiscal year ending September 30, 2024, reflecting a year-on-year growth of 18.07%, while the net profit attributable to shareholders was -8.0818 million HKD, showing a growth of 3.08% [1] - The company's gross profit margin stands at 63.36%, with a high debt-to-asset ratio of 112.09%, indicating potential financial leverage concerns [1] Group 2 - Hanno Jiachi Holdings Limited operates as an investment holding company, originally established in 2004 with the brand "Little Fat Cow Bone Pot King," and has since expanded to nine hot pot restaurants across Hong Kong under the main brand "Little Fat Cow" [2] - The company emphasizes innovation, customer-centric service, and providing high-quality food in a comfortable environment as part of its operational philosophy [2] Group 3 - The tourism and leisure facilities industry has an average price-to-earnings (P/E) ratio of 36.2 times, with Hanno Jiachi's P/E ratio reported at -2.07 times, ranking it 104th in the industry [1] - Comparatively, other companies in the same sector have P/E ratios such as Easy Station Green Technology at 0.3 times, LET GROUP at 0.7 times, and Dida Chuxing at 0.99 times [1]

Financial Performance - CBK Holdings Limited reported its interim results for the six months ending September 30, 2024, in compliance with GEM Listing Rules[2]. - Revenue for the six months ended September 30, 2024, was HK$11,963,000, an increase from HK$10,132,000 in the same period last year, representing a growth of 18.1%[20]. - Gross profit for the period was HK$7,580,000, compared to HK$6,836,000 in the previous year, reflecting an increase of 10.9%[20]. - Loss before tax from continuing operations was HK$9,244,000, compared to a loss of HK$8,290,000 in the prior year, indicating a deterioration of 11.5%[20]. - Total loss for the period was HK$9,659,000, slightly higher than the loss of HK$9,402,000 reported in the same period last year, an increase of 2.7%[20]. - For the six months ended September 30, 2024, the total comprehensive loss attributable to owners of the Company was HK$8,962,000, compared to HK$9,267,000 for the same period in 2023, representing a decrease of approximately 3.3%[22]. - The loss per share attributable to owners of the Company for the period was HK$0.08, an improvement from HK$0.15 in the previous year, indicating a reduction in loss per share by approximately 46.7%[22]. Operational Highlights - The company is focusing on cost management strategies to mitigate rising operational expenses in the upcoming periods[20]. - The segment loss for the provision of catering services through restaurant operations in Hong Kong was HK$1,881,000 for the six months ended 30 September 2024, compared to a loss of HK$3,563,000 for the same period in 2023, indicating an improvement in performance[63][67]. - The company completed the disposal of its 100% equity interest in Quick Success Holding Limited on 13 September 2024, aiming to generate cash for the expansion of other businesses[81]. - The company aims to enhance its competitiveness and market share in the catering service market through diversified catering choices[127]. Financial Position - Total assets less current liabilities as of September 30, 2024, were HK$1,056,000, a significant decrease from HK$8,612,000 as of March 31, 2024[24]. - The net current liabilities as of September 30, 2024, were HK$10,247,000, compared to net current assets of HK$375,000 as of March 31, 2024, indicating a deterioration in liquidity position[24]. - The Company reported a total equity deficit of HK$1,907,000 as of September 30, 2024, compared to total equity of HK$7,752,000 as of March 31, 2024, indicating a decline in equity position[26]. - Current liabilities increased to HK$14,721,000 as of September 30, 2024, from HK$11,979,000 as of March 31, 2024, representing an increase of approximately 22.9%[24]. - The Company’s cash and cash equivalents decreased to HK$2,386,000 as of September 30, 2024, down from HK$7,796,000 as of March 31, 2024, indicating a decline of approximately 69.4%[24]. Compliance and Governance - The company confirmed that the information provided in the report is accurate and complete in all material respects, with no misleading or deceptive elements[9]. - The company has a compliance officer and authorized representatives to ensure adherence to regulatory requirements[12]. - The interim report is part of the company's commitment to transparency and accountability to its shareholders[3]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2024, confirming compliance with applicable accounting standards and GEM Listing Rules[200]. Shareholder Information - The Company did not recommend the payment of any dividend for the six months ended September 30, 2024, consistent with the previous year[92]. - The total number of issued ordinary shares as of the report date is 111,971,512[172]. - The Group's issued and fully paid share capital remained at 111,972,000 shares, amounting to HK$1,120,000 as of 30 September 2024[110]. Market and Economic Conditions - The overall economic situation remains complex and changeable, affecting consumer confidence and behavior in the catering industry[126]. - Investors are advised to consider the potential risks associated with investing in GEM-listed companies due to their susceptibility to market volatility[7]. - The GEM market is designed for small and mid-sized companies, which may carry higher investment risks compared to other companies listed on the Stock Exchange[6].

Financial Performance - CBK Holdings Limited reported a total revenue of $118 million for the fiscal year, reflecting a growth of 10.6% compared to the previous year[1]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[7]. - Operating expenses were reduced by 5%, contributing to an overall increase in net profit margin[8]. - For the year ended March 31, 2024, the Group reported revenue of HK$25,365,000, a decrease of 15% from HK$30,040,000 in 2023[34]. - The loss for the year was HK$19,393,000, compared to a loss of HK$24,975,000 in the previous year, indicating an improvement in financial performance[34]. - The loss attributable to owners of the Company was HK$24,595,000, up from HK$22,227,000 in 2023[34]. - Revenue for the year ended March 31, 2024, decreased by approximately HK$4.6 million to approximately HK$25.4 million, compared to approximately HK$30.0 million in 2023[46]. - Gross profit decreased by approximately HK$3.1 million to approximately HK$14.0 million, resulting in a gross profit margin decrease of approximately 1.5% to 55.3%[52][53]. Strategic Outlook - The management provided a positive outlook for the upcoming year, projecting a revenue growth of 15% driven by new product launches and market expansion strategies[3]. - Investment in research and development for new technologies is expected to increase by 20% in the next fiscal year, aiming to enhance product offerings[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[5]. - CBK Holdings Limited is considering strategic acquisitions to bolster its competitive position, with a budget allocation of $50 million for potential mergers and acquisitions[6]. - The company aims to launch three new products in the next quarter, which are expected to contribute an additional $10 million in revenue[9]. Corporate Governance - The company is focused on enhancing its corporate governance through experienced management and compliance committees[101][106][118]. - The Company has maintained compliance with the GEM Listing Rules regarding the appointment of at least three independent non-executive directors (INEDs) until the resignation of Mr. Zhang Yuhao on July 10, 2024, which left only two INEDs, leading to non-compliance[137]. - The Board has established a Board Diversity Policy, recognizing the importance of diversity in maintaining competitive advantage, and has achieved its measurable objectives for the year ended March 31, 2024[145]. - The Company has received annual confirmations of independence from all INEDs, ensuring compliance with Rule 5.09 of the GEM Listing Rules, and considers all INEDs to be independent[139]. - The Board's primary responsibilities include overseeing management, formulating long-term corporate strategy, and evaluating Group performance against targets[129]. Management and Leadership - Mr. Chow Yik retired as Chairman on May 3, 2024, and resumed the position on July 10, 2024, continuing as an executive director and chairman of the legal compliance and nomination committees[101]. - Mr. Tsui Wing Tak has over 27 years of experience in corporate finance and accounting, enhancing the company's financial oversight[106]. - Ms. Lau Man Kei has over 11 years of accounting and audit experience, previously serving as assistant financial controller at Kirin Group Holdings Limited[112]. - Mr. Chan Lap Ping has over 20 years of experience in restaurant operations, responsible for day-to-day management of the company's restaurants[114]. - The company secretary is responsible for maintaining minutes of all board and committee meetings, ensuring transparency and accountability[156]. Operational Challenges - The Group faced challenges due to weak consumer spending in Hong Kong despite an increase in tourist numbers post-border reopening[25]. - The management has implemented cost-saving measures, including negotiating rent concessions with landlords[38]. - The Group recorded an impairment loss of approximately HK$2.2 million for property, plant, and equipment, and approximately HK$0.8 million for right-of-use assets[66]. Compliance and Risk Management - The legal compliance committee consists of three members: Mr. Chow Yik (Chairman), Mr. Tian Wuchun, and Ms. Lau Man Kei[191]. - The committee's primary responsibilities include assessing the adequacy of resources and training programs related to regulatory compliance functions[197]. - The committee is responsible for handling any actual or suspected non-compliance matters reported by employees[197]. - The Group's compliance policies are reviewed against applicable laws and regulations during the committee meetings[196].

Financial Performance - For the fiscal year ending March 31, 2024, the revenue was approximately HKD 25.4 million, a decrease of about 15.6% compared to HKD 30.0 million for the fiscal year ending March 31, 2023[6]. - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 14.0 million, down approximately 17.7% from HKD 17.1 million in the previous fiscal year[6]. - The gross profit margin decreased from approximately 56.8% for the fiscal year ending March 31, 2023, to approximately 55.3% for the fiscal year ending March 31, 2024[6]. - The loss attributable to owners of the company for the fiscal year ending March 31, 2024, was approximately HKD 24.6 million, an increase of about 10.7% compared to the loss of HKD 22.2 million in the previous fiscal year[6]. - The loss per share attributable to owners for the fiscal year ending March 31, 2024, was approximately HKD 0.30, compared to HKD 0.85 for the fiscal year ending March 31, 2023[6]. - The total comprehensive loss for the fiscal year ending March 31, 2024, was approximately HKD 19.4 million, compared to HKD 24.8 million for the previous fiscal year[8]. - The total pre-tax loss for the year was HKD 19,393,000, compared to a pre-tax loss of HKD 24,975,000 in 2023, indicating an improvement of 22.5%[26]. - The company reported a loss from operations in the restaurant segment of HKD 5,817,000, an improvement from a loss of HKD 10,478,000 in 2023[26]. - The processing food segment recorded a loss of HKD 1,521,000, compared to a loss of HKD 3,697,000 in the previous year, showing a 59.0% improvement[26]. Revenue Breakdown - For the fiscal year ending March 31, 2024, total revenue from external customers was approximately HKD 25,365,000, a decrease of 15.5% from HKD 30,040,000 in 2023[29]. - The restaurant operations segment generated external revenue of HKD 19,373,000, down from HKD 24,428,000, reflecting a decline of 20.7%[26]. - The processing food segment reported external revenue of HKD 5,992,000, an increase of 6.8% from HKD 5,612,000 in the previous year[29]. Expenses and Costs - The company reported a decrease in employee benefit expenses from HKD 13.1 million in the previous fiscal year to HKD 11.7 million for the fiscal year ending March 31, 2024[7]. - The company reported a decrease in administrative and other operating expenses from HKD 14.9 million in the previous fiscal year to HKD 8.9 million for the fiscal year ending March 31, 2024[7]. - The company incurred a total depreciation expense of HKD 9,257,000 for the year, slightly down from HKD 9,498,000 in 2023[27]. - The financing costs for the year amounted to HKD 1,098,000, a decrease from HKD 1,161,000 in the previous year[32]. - The cost of goods sold decreased by approximately HKD 1.7 million to about HKD 11.3 million, with the cost of goods sold as a percentage of revenue increasing by about 1.5% to 44.7%[72]. Assets and Liabilities - Total assets increased from HKD 12,354,000 in 2023 to HKD 9,806,000 in 2024, reflecting a decrease of approximately 20.5%[10]. - Non-current assets rose from HKD 8,237,000 in 2023 to HKD 11,553,000 in 2024, an increase of about 40.5%[10]. - Current liabilities increased from HKD 11,979,000 in 2023 to HKD 20,242,000 in 2024, representing a significant rise of approximately 69.5%[10]. - The company's equity attributable to owners increased from HKD 3,596,000 in 2023 to HKD 7,882,000 in 2024, marking a growth of about 119.9%[11]. - The total equity (deficit) improved from a deficit of HKD 2,291,000 in 2023 to a positive equity of HKD 7,752,000 in 2024[11]. - Cash and cash equivalents decreased from HKD 2,729,000 in 2023 to HKD 9,806,000 in 2024, indicating a decline of approximately 66.1%[10]. - The net current liabilities improved from HKD (10,436,000) in 2023 to HKD 375,000 in 2024, indicating a significant turnaround[10]. Impairment and Losses - The company recognized a loss on impairment of property, plant, and equipment amounting to HKD 2.3 million for the fiscal year ending March 31, 2024[7]. - The group recorded an impairment loss of approximately HKD 2.2 million on property, plant, and equipment, and an impairment loss of about HKD 0.8 million on right-of-use assets[80]. - Impairment losses recognized for property, plant, and equipment related to the food processing business amounted to approximately HKD 599,000 for the year ended March 31, 2024, compared to HKD 643,000 in 2023[40]. - Impairment losses for restaurant operations were approximately HKD 1,652,000 for the year ended March 31, 2024, compared to HKD 1,435,000 in 2023[40]. Share Capital and Dividends - The total issued and paid-up share capital increased from HKD 156,000 in 2023 to HKD 1,120,000 in 2024 due to new share placements[53]. - The company raised approximately HKD 18,915,000 from a rights issue in 2023, net of direct costs[54]. - The company did not declare any dividends for the years ended March 31, 2024, and 2023[34]. - The company did not recommend the payment of any final dividend for the fiscal year ending March 31, 2024[6]. Strategic Decisions and Future Outlook - The company has not provided any guidance for future performance or new product developments in the conference call[1]. - The company is currently assessing the impact of market conditions on its operations and may consider strategic adjustments[38]. - The management decided not to exercise the option to lease a Korean restaurant due to high rental costs, resulting in the termination of operations for "Little Flame Korean Coffee Restaurant" in the third quarter of 2023[67]. - The company faced significant challenges due to the COVID-19 pandemic, leading to the closure or termination of several businesses to minimize losses[66]. Compliance and Reporting - The consolidated financial statements for the fiscal year ending March 31, 2024, have been reviewed by the audit committee and the auditors, confirming that they are prepared in accordance with applicable accounting standards[104]. - The annual report for 2024 will be published around the end of July 2024 and will be available on the Hong Kong Stock Exchange and the company's website[105].

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。 CBK Holdings Limited 國 茂 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8428） 有關截至二零二三年九月三十日止六個月的中期業績及 報告的澄清及補充公告 茲提述國茂控股有限公司（「本公司」）日期為二零二三年十一月十三日的截至二 零二三年九月三十日止六個月的業績公告及中期報告（「該公告及報告」）。除文義 另有所指外，本公告所用詞彙應與該公告及報告所界定者具有相同涵義。 本公司董事會（「董事會」）謹此澄清，由於無意文書之誤，主要股東於該公告及報 告日期於本公司及其相聯法團的股份、相關股份及債權證中的權益及淡倉應作出 以下修改： 佔已發行 所持已發行 普通股 主要股東名稱 身份╱權益性質 普通股數目 概約百分比 中國新消費集團有限公司 透過受控制法團 16,300,000 (L) 17.47% （附註1） ...

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HK$13,695,000, an increase of 5.5% compared to HK$12,974,000 for the same period in 2022[15]. - The gross profit for the same period was HK$7,449,000, up from HK$7,040,000, reflecting a gross profit margin improvement[15]. - The loss before tax for the six months was HK$9,402,000, a reduction from a loss of HK$12,939,000 in the previous year, indicating a 27.5% improvement[15]. - For the six months ended September 30, 2023, the total comprehensive loss attributable to owners of the Company was HK$9,267,000, a decrease of 20.5% compared to HK$11,656,000 for the same period in 2022[17]. - The basic loss per share for the six months ended September 30, 2023, was HK$0.15, improving from HK$0.15 in the previous year[17]. - The Company recorded a loss for the period attributable to owners of the Company of HK$9,247,000 for the six months ended September 30, 2023, down from HK$11,780,000 in the same period last year, a reduction of 21.5%[17]. - The total comprehensive loss for the period was HK$5,301,000 for the three months ended September 30, 2023, compared to HK$7,326,000 for the same period in 2022, a decrease of 27.7%[17]. Expenses and Costs - Employee benefit expenses increased to HK$6,288,000 from HK$5,716,000, representing a rise of 10% year-on-year[15]. - Administrative expenses decreased significantly to HK$4,574,000 from HK$9,676,000, showing a reduction of 52.8%[15]. - The depreciation expense for the six months was HK$4,397,000, slightly higher than HK$4,250,000 in the same period last year[15]. - Central administrative costs and finance costs amounted to HK$6,023,000 for the six months ended September 30, 2023[49]. - The cost of inventories sold for the six months ended September 30, 2023, was HK$6,246,000, an increase from HK$5,934,000 in the same period of 2022[61]. - Property rentals and related expenses increased by approximately HK$0.5 million to HK$1.0 million, mainly due to short-term leases for the old office in Sheung Wan[111]. - Fuel and utility expenses remained stable at approximately HK$0.6 million for the six months ended 30 September 2023, compared to approximately HK$0.5 million for the same period in 2022[117][121]. Assets and Liabilities - Non-current assets increased to HK$17,141,000 as of September 30, 2023, compared to HK$11,553,000 as of March 31, 2023, representing a growth of 48.5%[19]. - Current assets rose to HK$12,080,000 as of September 30, 2023, up from HK$9,806,000 as of March 31, 2023, indicating a 23.0% increase[19]. - The Company reported a net current liabilities position of HK$6,707,000 as of September 30, 2023, an improvement from HK$10,436,000 as of March 31, 2023[19]. - Total equity attributable to owners of the Company increased to HK$13,243,000 as of September 30, 2023, compared to HK$3,596,000 as of March 31, 2023[20]. - The Company’s cash and cash equivalents significantly increased to HK$6,527,000 as of September 30, 2023, from HK$2,729,000 as of March 31, 2023, marking a growth of 139.5%[19]. - Trade payables rose to HK$2,200,000 as of September 30, 2023, compared to HK$1,500,000 as of March 31, 2023, reflecting a 46.7% increase[19]. - Trade receivables as of 30 September 2023 total HK$1,809,000, a decrease from HK$2,657,000 as of 31 March 2023, indicating improved collection efficiency[80]. Revenue Segmentation - Revenue from the provision of catering services was HK$10,132,000, slightly down from HK$10,256,000 in the previous year[39]. - Sales and processing of food generated revenue of HK$3,563,000, up from HK$2,718,000 in the previous year[39]. - For the six months ended September 30, 2023, segment revenue from restaurant operations in Hong Kong was HK$10,132,000, and from food sales and processing was HK$3,563,000, totaling HK$13,695,000[49]. - The segment loss for the same period was HK$2,267,000 for restaurant operations and HK$1,112,000 for food sales and processing, resulting in a total segment loss of HK$3,379,000[49]. Future Outlook and Strategy - Future outlook includes a focus on market expansion and potential new product development strategies[15]. - The company is actively exploring opportunities for mergers and acquisitions to enhance growth prospects[15]. - The Group opened a new hotpot restaurant under the brand "鮮入圍者" in Whampoa in August 2023 following a rights issue completed on June 14, 2023[97]. - Management is focused on identifying root causes for underperformance in certain restaurants and optimizing operations to improve results[99]. - The management licensed the operation of the "Shio" restaurant to an independent third party to secure a minimum profit starting from August 1, 2023, due to uncertainties related to the Fukushima nuclear water discharge[95]. Share and Capital Management - The company issued shares upon rights issue, raising HK$19,828,000, with transaction costs of HK$1,692,000[26]. - The Group issued 77,758,000 shares during the rights issue on 14 June 2023 at HK$0.265 per share, increasing the total issued shares to 93,310,000 as of 30 September 2023[90]. - The net proceeds from the Rights Issue amounted to approximately HK$18.92 million, with 77,757,995 shares issued at HK$0.265 per share[150]. - The total actual net proceeds utilized from the Rights Issue is HK$13.418 million, with HK$5.502 million remaining[154]. Compliance and Governance - The Company has complied with the Corporate Governance Code, except for the vacancy of the Chief Executive position since November 23, 2020[169]. - The Audit Committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[184]. - The Company advises shareholders and potential investors to exercise caution regarding forward-looking statements and not to place undue reliance on the information disclosed[187]. - The Company has made adequate disclosures in compliance with legal requirements and GEM Listing Rules[184].

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。 CBK Holdings Limited 國 茂 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8428） 截至二零二三年九月三十日止六個月的 中期業績公告 國茂控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司截至二零二三年九月三十日止六個月的未經審核業績。 本公告列載本公司二零二三年度中期報告全文，符合聯交所GEM證券上市規則 （「GEM上市規則」）中有關中期業績初步公告附載資料的相關要求。載有GEM上 市規則規定資料的二零二三年度中期報告的印刷版本，將於適當時候以GEM上市 規則所規定方式寄發予本公司股東。 承董事會命 國茂控股有限公司 主席兼執行董事 周翊 香港，二零二三年十一月十三日 於本公告日期，執行董事為周翊先生及徐永得先生；以及獨立非執行董事為陳鈞 ...

Financial Performance - The Group recorded revenue of approximately HK$7.7 million for the three months ended June 30, 2023, representing an increase of 30.5% compared to approximately HK$5.9 million for the same period in 2022[16]. - Revenue for the three months ended June 30, 2023, was HK$7,694,000, representing a 30.9% increase from HK$5,877,000 in the same period of 2022[22]. - Revenue for the three months ended June 30, 2023, increased by approximately HK$1.8 million to approximately HK$7.7 million compared to HK$5.9 million for the same period in 2022[76]. - Revenue from catering services through restaurant operations in Hong Kong was HK$6,303,000, up 36.0% from HK$4,634,000 in the previous year[38][48]. - Sales and processing of food generated revenue of HK$1,391,000, an increase of 11.9% compared to HK$1,243,000 in the prior year[38][48]. Profitability - The Group achieved a gross profit of approximately HK$4.6 million for the three months ended June 30, 2023, up from approximately HK$3.2 million for the same period in 2022, indicating a gross profit margin improvement[16]. - Gross profit for the same period was HK$4,555,000, up 41.0% from HK$3,232,000 year-over-year[22]. - The gross profit margin for catering services increased by approximately 4.2% to approximately 68.6% for the three months ended June 30, 2023, from approximately 64.4% in 2022[83]. - Loss attributable to owners of the Company was approximately HK$4.1 million for the three months ended June 30, 2023, a decrease from approximately HK$5.2 million for the same period in 2022, reflecting a reduction in losses[17]. - Basic and diluted loss per share attributable to owners of the Company was approximately HK$0.14 for the three months ended June 30, 2023, down from approximately HK$0.39 for the same period in 2022[17]. Expenses - Employee benefit expenses increased to HK$3,413,000 from HK$2,756,000, marking a 23.8% rise[22]. - Administrative expenses decreased significantly to HK$2,002,000 from HK$4,345,000, a reduction of 53.9%[22]. - Finance costs rose to HK$545,000 from HK$107,000, an increase of 409.3%[22]. - The cost of inventories sold increased to HK$3,139,000 from HK$2,645,000, and employee benefit expenses rose to HK$3,413,000 from HK$2,756,000 year-over-year[56]. Equity and Borrowings - The total equity attributable to owners of the Company as of June 30, 2023, was HK$17,495,000, compared to HK$15,953,000 at the same time last year, reflecting an increase of 9.7%[25]. - Total equity attributable to owners of the Company amounted to approximately HK$18.4 million as of June 30, 2023, compared to HK$3.6 million on March 31, 2023[107]. - The Group's borrowings included lease liabilities of approximately HK$8.5 million as of June 30, 2023, up from HK$7.3 million on March 31, 2023[108]. - The gearing ratio was approximately 67.8% as of June 30, 2023, an improvement attributed to the Rights Issue completed in June 2023, which generated net proceeds of approximately HK$18.9 million[109]. Operations and Future Plans - The company has closed or terminated some operations to cut losses and implemented cost-saving measures, including negotiating rent concessions with landlords[70]. - The company plans to actively seek opportunities for expansion in its catering service business following a rights issue completed on June 14, 2023[72]. - The Group plans to open new restaurants, with an estimated HK$11 million allocated for this purpose, and expects to utilize the funds by December 2023[125]. - The management has identified a new premises in Whampoa to offer hotpot with Japanese food, with a gross floor area of approximately 280 sq. m[122]. Governance and Compliance - The company has complied with the Corporate Governance Code except for the vacancy of the Chief Executive position since November 23, 2020, which has not materially impacted operations[137]. - The Audit Committee was established on January 20, 2017, and is responsible for reviewing financial reports and internal control procedures[148]. - The company confirms compliance with the required standard of dealings regarding directors' securities transactions for the three months ended June 30, 2023[140]. - The report indicates that adequate disclosures have been made regarding the financial performance of the Group[152]. Shareholder Information - The interests of directors in share options include a total of 448,909 share options as of June 30, 2023, with an exercise price of HK$3.954 per option[144]. - No directors or the chief executive have any interests or short positions in shares or debentures that require notification to the company or the Stock Exchange[147]. - The company has not identified any other individuals or entities with 5% or more voting rights in the issued shares as of the report date[133].

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。 CBK Holdings Limited 國 茂 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8428） 截至二零二三年六月三十日止三個月的 第一季度業績公告 國茂控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司截至二零二三年六月三十日止三個月的未經審核業績。 本公告列載本公司二零二三年度第一季度報告全文，符合聯交所GEM證券上市規 則（「GEM上市規則」）中有關季度業績初步公告附載資料的相關要求。載有GEM 上市規則規定資料的二零二三年度第一季度報告的印刷版本，將於適當時候以 GEM上市規則所規定方式寄發予本公司股東。 承董事會命 國茂控股有限公司 主席兼執行董事 周翊 香港，二零二三年八月十一日 於本公告日期，董事會成員包括執行董事周翊先生及徐永得先生；以及獨立非執 ...

Financial Performance - The Group's consolidated results for the year ended March 31, 2023, were presented alongside comparative figures for 2022[18]. - Revenue from continuing operations for the year ended March 31, 2023, increased by approximately HK$2.7 million to approximately HK$30.0 million, compared to HK$27.3 million in 2022[42]. - Loss for the year from continuing operations improved to HK$24.975 million in 2023, down from HK$33.141 million in 2022[28]. - The Group's total assets decreased to HK$21.359 million in 2023 from HK$36.733 million in 2022[30]. - The equity attributable to owners of the Company fell to HK$3.596 million in 2023 from HK$22.820 million in 2022[30]. - The cost of inventories sold increased by approximately HK$1.5 million to approximately HK$13.0 million, with the cost as a percentage of revenue rising to 43.2% in 2023 from 42.1% in 2022[43]. - The Group's food processing business generated revenue of HK$5.6 million in 2023, up from HK$2.0 million in 2022[42]. - Revenue for the year ended March 31, 2023, increased by approximately HK$2.7 million to approximately HK$30.0 million, compared to HK$27.3 million in 2022[45]. - Cost of goods sold increased by approximately HK$1.5 million to approximately HK$13.0 million, with the cost as a percentage of revenue rising by approximately 1.1% to 43.2%[46]. - Gross profit increased by approximately HK$1.3 million to approximately HK$17.1 million, while the gross profit margin decreased by approximately 1.1% to 56.8%[47][48]. - Other revenue increased by approximately HK$0.5 million to approximately HK$1.9 million for the year ended March 31, 2023[49]. - Employee benefit expenses decreased by approximately HK$6.3 million to approximately HK$13.1 million, primarily due to one-off payments made in the previous year[50][54]. - Depreciation increased by approximately HK$2.9 million to approximately HK$9.5 million, mainly due to new restaurants and central kitchen operations starting after December 2021[51][55]. - Loss attributable to owners of the Company for the year was approximately HK$22.2 million, a decrease from approximately HK$40.3 million in 2022, mainly due to no loss from discontinued operations recognized in the previous year[61][66]. - Total assets decreased by approximately HK$15.3 million to approximately HK$21.4 million, while total liabilities increased by approximately HK$6.6 million to approximately HK$23.7 million[68][69]. - Equity attributable to owners of the Company decreased by approximately HK$19.2 million to approximately HK$3.6 million, primarily due to losses recognized in the current financial year[70]. Business Strategy and Outlook - The catering industry faced challenges due to stringent dine-in restrictions, leading to a shift towards high takeaway and lower turnover rates[19]. - Management is optimistic about recovering the catering business as Hong Kong reopens its borders and removes anti-epidemic measures[20]. - The Group aims to enhance customer experience by offering more diverse cuisines, although progress has been slow due to limited financial resources[19]. - The management plans to seek potential expansion opportunities with additional resources obtained from a rights issue exercise[20]. - The Group's performance has been persistently below expectations, prompting a focus on restoring profitability[20]. - The operating environment is expected to improve as the economic conditions return to pre-COVID-19 levels[20]. - The strategic direction includes careful consideration to avoid overexpansion in a weak business environment[19]. - The Group has implemented cost-saving measures, including negotiating rent concessions and expanding the take-away product line[36]. - Management plans to actively seek opportunities for expansion in the catering service business following a rights issue completed on June 14, 2023[40]. - The Group is actively seeking opportunities to expand its restaurant services following a successful placement of shares to enhance financial resources[44]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and compliance[114]. - The company has complied with the Corporate Governance Code except for the requirement of having at least three independent non-executive directors on the Board, which was addressed by appointing Ms. Lau Man Kei on February 16, 2023[121]. - The Board consists of two executive directors and three independent non-executive directors, meeting the GEM Listing Rules requirements for independent directors[128]. - The company received annual confirmations of independence from all independent non-executive directors, affirming their compliance with independence guidelines[135]. - The Board Diversity Policy has been adopted, recognizing the importance of diversity in maintaining competitive advantage, with measurable objectives set for its implementation[137]. - The Nomination Committee has reviewed the Board Diversity Policy and confirmed that the Group achieved its diversity objectives for the year ended March 31, 2023[139]. - The company has established various Board Committees to delegate responsibilities for day-to-day operations and business strategies[127]. - The Company has provisions in place for directors to abstain from voting on transactions where they have a material interest[155]. - The Company Secretary is responsible for maintaining minutes of all Board and committee meetings, ensuring transparency and accountability[152]. - The Company ensures that Board papers are sent to Directors at least three days before meetings to facilitate informed decision-making[150]. - The Board will periodically review its structure and make appointments as necessary to ensure effective governance[122]. - The Company held ten Board meetings, one annual general meeting, and two extraordinary meetings during the year ended 31 March 2023[156]. - All Directors confirmed compliance with the continuous professional development requirement, participating in training to enhance their knowledge and skills[145]. Audit and Compliance - The audit committee consists of three INEDs, including Mr. Chong Alex Tin Yam as chairman, to oversee financial reporting and internal controls[161]. - The audit committee's primary responsibilities include monitoring the integrity of financial statements and discussing the internal control system with management[163]. - The audit committee aims to ensure compliance with legal and regulatory requirements through the development and review of corporate governance policies[164]. - The audit committee held six meetings during the year ended March 31, 2023, to review the Group's financial results and discuss corporate governance effectiveness[164]. - The consolidated financial statements for the year ended March 31, 2023, were reviewed by the audit committee, with no disagreements regarding the selection of external auditors[164]. - The audit committee recommended the re-appointment of Mazars CPA Limited as the Company's auditor at the upcoming AGM[164]. - An external professional consultant was engaged to conduct an independent internal control review for the year ended March 31, 2023, which has been completed[194][198]. - The Group believes that good corporate governance practices are essential for maintaining investor confidence and sustainable growth, and has established a highly effective system of internal controls[195]. - The Board confirmed that there are no irregularities, improprieties, fraud, or deficiencies indicating material deficiencies in the effectiveness of the Group's internal control system[196]. - The Directors are responsible for preparing the consolidated financial statements in accordance with the Hong Kong Companies Ordinance, ensuring a true and fair view of the Group's state of affairs[199]. - Appropriate and consistent accounting policies were adopted by the Directors in preparing the consolidated financial statements for the year ended 31 March 2023[200].