Financial Performance - The company reported total revenue of HKD 91,494,000 for the year ending December 31, 2024, representing a 70.4% increase from HKD 53,730,000 in 2023[4] - Other income, profits, and losses netted HKD 29,915,000, a significant rise from HKD 443,000 in the previous year[4] - The company incurred a total loss of HKD 10,333,000 for the year, compared to a loss of HKD 6,079,000 in 2023, indicating a 69.5% increase in losses[5] - Basic and diluted loss per share increased to HKD 2.08 from HKD 1.79, reflecting a worsening financial position[5] - Total revenue for the year 2024 reached HKD 91,494,000, a significant increase of 70.4% compared to HKD 53,730,000 in 2023[18] - The company incurred a net loss of HKD 10.3 million, an increase of 70% compared to the previous year, primarily due to substantial costs associated with hosting ComplexCon Hong Kong[44] - The group recorded a loss of approximately HKD 10.3 million in 2024, compared to a loss of HKD 6.1 million in 2023, mainly due to costs from the expansion of content media and experiential services[61] Revenue Breakdown - Revenue from marketing production services was HKD 36,723,000, down 3.5% from HKD 38,056,000 in the previous year[18] - Revenue from content media and experiential business surged to HKD 54,771,000, up 248.5% from HKD 15,674,000 in 2023[18] - Revenue generated from Hong Kong customers was HKD 88,382,000, a substantial rise of 83.3% compared to HKD 48,239,000 in 2023[22] - Revenue from customers in China decreased to HKD 2,820,000 from HKD 5,326,000, reflecting a decline of 47.1%[22] - The content media and experiential business recorded a revenue growth of 249.4%, significantly contributing to the overall financial performance[43] - Revenue from marketing production decreased by approximately 3.5% to about HKD 36.7 million in 2024, compared to HKD 38.1 million in 2023[46] - Revenue from content media and experiential services increased by approximately 249.4% to about HKD 54.8 million in 2024, compared to HKD 15.7 million in 2023, driven by the ComplexCon Hong Kong event[46] Assets and Liabilities - Total assets decreased to HKD 67,370,000 from HKD 80,744,000, while total liabilities also decreased to HKD 24,103,000 from HKD 27,154,000[6] - The company's cash and bank balances fell to HKD 12,093,000 from HKD 20,514,000, indicating a liquidity challenge[6] - The company's equity attributable to owners decreased to HKD 46,188,000 from HKD 56,021,000, showing a decline in shareholder value[7] - Trade receivables decreased to 5,543 thousand HKD in 2024 from 13,026 thousand HKD in 2023, with net trade receivables at 5,390 thousand HKD[36] - The group’s total trade and other receivables, deposits, and prepayments amounted to 7,668 thousand HKD in 2024, down from 15,556 thousand HKD in 2023[36] - The group’s current asset net value was approximately HKD 4.0 million as of December 31, 2024, down from HKD 16.0 million in 2023[63] - The asset-to-liability ratio increased to 6.6% as of December 31, 2024, compared to 1.4% in 2023[63] Costs and Expenses - The company has recognized a significant increase in outsourcing project costs, which rose to HKD 93,958,000 from HKD 20,399,000, impacting overall profitability[4] - Other income, profit, and loss net increased by approximately 6,652.8% to about HKD 29.9 million in 2024, compared to HKD 0.4 million in 2023, mainly due to increased government subsidies[47] - Outsourcing project costs surged by approximately 360.6% to about HKD 94.0 million in 2024, compared to HKD 20.4 million in 2023, primarily due to costs associated with the ComplexCon Hong Kong event[49] - Employee benefits expenses decreased by approximately 5.3% to about HKD 15.3 million in 2024, compared to HKD 16.2 million in 2023, due to a reduction in employee headcount[54] - Other operating expenses increased by approximately 14.1% to about HKD 9.9 million in 2024, compared to HKD 8.7 million in 2023, primarily due to costs related to the ComplexCon Hong Kong event[58] Government Subsidies - The group received government subsidies related to cultural events totaling 30,000 thousand HKD, which were confirmed as other income during the year[25] - Other income for the group in 2024 totaled 29,915 thousand HKD, a significant increase from 443 thousand HKD in 2023, primarily due to government subsidies of 30,000 thousand HKD[24] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2024, ensuring compliance with applicable accounting standards[76] - The board emphasizes high standards of corporate governance, maintaining a balance of power with experienced directors, including three independent non-executive directors[74] - The group has not engaged in any major investments, acquisitions, or disposals of subsidiaries during the year[70] - The group has not entered into any derivative agreements or used financial instruments to hedge foreign exchange risks during the year[65] Dividends and Shareholder Returns - The group did not declare any dividends for the current year, consistent with the previous year[32] - The board does not recommend the distribution of any final dividend for the year ending December 31, 2024, similar to the previous year[72] Employment and Workforce - The total number of full-time employees decreased to 32 as of December 31, 2024, down from 38 in the previous year[69]

[Company Information](index=3&type=section&id=%E5%85%AC%E5%8F%B8%E8%B3%87%E6%96%99) This section provides fundamental corporate details, including registration, board composition, and key administrative information [Company Overview](index=3&type=section&id=%E5%85%AC%E5%8F%B8%E6%A6%82%E8%A7%88) This chapter provides key company information including registration details, board members, committee compositions, auditor, registered office, and principal place of business - The company is an exempted limited company incorporated in the Cayman Islands, listed on GEM of HKEX, with stock code **8429**[1](index=1&type=chunk)[10](index=10&type=chunk) - Chairperson and CEO is Ms. Hu Chen Dezi; Audit, Remuneration, and Nomination Committees are established, with the Audit Committee fully composed of independent non-executive directors[3](index=3&type=chunk) [Unaudited Interim Results](index=6&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE) This section presents the group's financial performance, position, cash flows, and equity changes for the interim period, along with detailed notes on revenue, other income, and dividends [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=6&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2024, group revenue surged **162%** to **HK$61.62 million**, but a sharp rise in outsourced project costs led to a slight increase in loss for the period to **HK$6.77 million**, with loss per share at **1.39 HK cents** 2024 H1 Key Profit or Loss Data | Indicator | For the six months ended June 30 (HK$ thousands) | | | :--- | :--- | :--- | | | **2024 (Unaudited)** | **2023 (Unaudited)** | | Revenue | 61,620 | 23,520 | | Outsourced project costs | (83,428) | (8,701) | | Loss before income tax | (6,715) | (6,222) | | Loss for the period | (6,770) | (6,296) | | Loss per share attributable to owners (HK cents) | (1.39) | (1.31) | [Condensed Consolidated Statement of Financial Position](index=8&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2024, total group assets decreased to **HK$62.77 million** from **HK$80.74 million** at year-end 2023, with net assets falling to **HK$46.77 million**, reflecting the period's loss, and cash balances reduced to **HK$13.57 million** Key Balance Sheet Data | Indicator | As of June 30, 2024 (HK$ thousands) | As of December 31, 2023 (HK$ thousands) | | :--- | :--- | :--- | | Non-current assets | 40,309 | 37,567 | | Current assets | 22,465 | 43,177 | | **Total assets** | **62,774** | **80,744** | | Current liabilities | 14,510 | 27,154 | | Non-current liabilities | 1,497 | 146 | | **Total liabilities** | **15,007** | **27,300** | | **Net assets** | **46,767** | **53,444** | | Cash and bank balances | 13,570 | 20,514 | [Condensed Consolidated Statement of Cash Flows](index=9&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In H1 2024, the group reported a net cash outflow from operating activities of **HK$5.53 million**, a significant increase from **HK$0.17 million** in the prior year, with total cash and cash equivalents decreasing by **HK$7.05 million** to an ending balance of **HK$13.57 million** Cash Flow Overview | Indicator | For the six months ended June 30 (HK$ thousands) | | | :--- | :--- | :--- | | | **2024** | **2023** | | Net cash used in operating activities | (5,525) | (165) | | Net cash used in investing activities | (166) | (6,476) | | Net cash used in financing activities | (1,361) | (1,539) | | Decrease in cash and cash equivalents | (7,052) | (8,180) | | Cash and cash equivalents at end of period | 13,570 | 8,560 | [Condensed Consolidated Statement of Changes in Equity](index=10&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) Total group equity decreased by approximately **HK$6.68 million** from **HK$53.44 million** at the beginning of the period to **HK$46.77 million** at the end, primarily due to the total comprehensive loss recorded during the period - As of June 30, 2024, total equity attributable to owners of the Company was **HK$49.43 million**, a decrease from **HK$56.02 million** at the beginning of the year, mainly due to a loss of **HK$6.69 million** recorded during the period[9](index=9&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=11&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) The notes detail the basis of preparation, accounting policies, and specific components of financial statement items, highlighting a surge in content media and experiential services revenue and a significant government grant of **HK$30 million** [Revenue and Segment Information](index=12&type=section&id=3.%20%E6%94%B6%E7%9B%8A%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The group operates as a single operating segment with two service categories; "Content Media and Experiential Services" revenue soared **9.4 times** year-on-year to **HK$44.22 million**, becoming the primary revenue source; while "Marketing Production" revenue declined **9.7%** to **HK$17.40 million**, with Hong Kong contributing most revenue Revenue by Service Category | Service Category | For the six months ended June 30 (HK$ thousands) | | | :--- | :--- | :--- | | | **2024** | **2023** | | Marketing Production | 17,397 | 19,263 | | Content Media and Experiential Services | 44,223 | 4,257 | | **Total** | **61,620** | **23,520** | - Revenue from Hong Kong customers significantly increased to **HK$60.95 million** from **HK$19.87 million** in the prior year[15](index=15&type=chunk) [Other Income and Gains](index=14&type=section&id=4.%20%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E7%9B%88%E5%88%A9) Total other income and gains reached **HK$34.93 million**, significantly higher than **HK$0.22 million** in the prior year, primarily driven by a **HK$30 million** government grant and subsidies, along with **HK$4.82 million** in consulting fee income Other Income and Gains Details | Item | For the six months ended June 30 (HK$ thousands) | | | :--- | :--- | :--- | | | **2024** | **2023** | | Government grants and subsidies | 30,000 | — | | Consulting fee income | 4,822 | — | | Interest income | 41 | 131 | | Miscellaneous income | 63 | 86 | | **Total** | **34,926** | **217** | [Dividends](index=16&type=section&id=7.%20%E8%82%A1%E6%81%AF) The Board does not recommend the payment of any dividend for the six months ended June 30, 2024 - Consistent with the prior year, the Board does not recommend an interim dividend[24](index=24&type=chunk) [Management Discussion and Analysis](index=21&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) This section reviews the group's operational performance, financial results, liquidity, and human resources for the interim period, outlining key achievements, challenges, and future strategies [Business Review and Outlook](index=21&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E5%8F%8A%E5%B1%95%E6%9C%9B) In H1 2024, the group successfully hosted ComplexCon Hong Kong, significantly boosting content media and experiential business revenue, but the high costs led to a financial loss, while traditional marketing production faced challenges due to client budget constraints and a weak Hong Kong retail sector - Successful hosting of ComplexCon Hong Kong attracted over **30,000 participants**, driving a **938.8% revenue growth** in content media and experiential business, but high costs resulted in a group loss[35](index=35&type=chunk) - Marketing production services revenue decreased by **9.7% year-on-year** due to factors like declining retail sales in Hong Kong and changing consumer preferences[36](index=36&type=chunk)[40](index=40&type=chunk) - Future strategic focus includes enhancing immersive experiential services, exploring new growth opportunities in the Asia Pacific region, and targeting young affluent customers seeking content and experiential services[37](index=37&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk) [Financial Review](index=22&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) Total group revenue grew **162%** to **HK$61.6 million**, primarily driven by ComplexCon Hong Kong, which also caused outsourced project costs to surge **858.8%** to **HK$83.4 million**, leading to an increased loss for the period of **HK$6.8 million** - Total revenue increased by **162.0% year-on-year** to approximately **HK$61.6 million**, driven by a **938.8% growth** in content media and experiential services revenue from ComplexCon Hong Kong[40](index=40&type=chunk) - Outsourced project costs dramatically increased by **858.8% year-on-year** to approximately **HK$83.4 million**, primarily due to the ComplexCon Hong Kong event[41](index=41&type=chunk) - Loss for the period increased to approximately **HK$6.8 million** (H1 2023: HK$6.3 million), mainly due to costs incurred from content media and experiential business[48](index=48&type=chunk) [Liquidity and Capital Structure](index=24&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90%E3%80%81%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87%E5%8F%8A%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B) The group's liquidity weakened, with net current assets decreasing to **HK$8 million** and cash and bank balances falling to **HK$13.6 million**, while the gearing ratio increased from **1.4%** at year-end 2023 to **8.9%** Liquidity and Capital Structure Indicators | Indicator | As of June 30, 2024 | As of December 31, 2023 | | :--- | :--- | :--- | | Net current assets | Approx. HK$8 million | HK$16 million | | Cash and bank balances | Approx. HK$13.6 million | HK$20.5 million | | Gearing ratio | Approx. 8.9% | 1.4% | [Employees and Remuneration](index=25&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC) As of June 30, 2024, the group employed **34** full-time staff, a decrease from **38** at year-end 2023, with the company offering share option schemes, MPF, and discretionary bonuses to attract and retain talent - The total number of full-time employees decreased from **38** at year-end 2023 to **34** as of June 30, 2024[53](index=53&type=chunk) [Disclosure of Interests and Other Information](index=26&type=section&id=%E6%AC%8A%E7%9B%8A%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) This section details the interests of directors and substantial shareholders, the share option scheme, and the company's corporate governance practices [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares or Debentures of the Company and its Associated Corporations](index=26&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E6%9C%80%E9%AB%98%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E6%9C%AC%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E7%9B%B8%E8%81%AF%E6%B3%95%E5%9C%98%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E6%88%96%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) This chapter discloses the shareholdings of directors and substantial shareholders, with Chairperson and CEO Ms. Hu Chen Dezi holding **59.15%** of the company's shares through her wholly-owned corporation, Explorer Vantage Limited, making her the controlling shareholder - As of June 30, 2024, Chairperson Ms. Hu Chen Dezi held **283,920,000 shares**, representing **59.15%** of the company's issued share capital, through her controlled corporation, Explorer Vantage Limited[58](index=58&type=chunk)[59](index=59&type=chunk) [Share Option Scheme](index=28&type=section&id=%E8%B3%BC%E8%82%A1%E6%AC%8A%E8%A8%88%E5%8A%83) The company adopted a share option scheme in November 2017, under which no share options have been granted since adoption, with a total of **48,000,000 shares**, representing **10%** of the issued share capital, available for grant - Since the adoption of the share option scheme in 2017, the company has not granted any share options[65](index=65&type=chunk) [Corporate Governance Practices](index=29&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F) The company is committed to high corporate governance standards and complies with the GEM Listing Rules' Corporate Governance Code, with the only deviation being the combined roles of Chairman and CEO held by Ms. Hu Chen Dezi, which the Board believes provides strong and consistent leadership - The company deviates from the Corporate Governance Code's provision requiring separation of Chairman and Chief Executive roles, with Ms. Hu Chen Dezi holding both positions, which the Board believes provides strong and consistent leadership for the group[70](index=70&type=chunk) - The Audit Committee, comprising three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements and is satisfied with their compliance and adequacy of disclosure[71](index=71&type=chunk)

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 SV Vision Limited 華 美 樂 樂 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：8429） 截至二零二四年六月三十日止六個月的 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 華 美樂 樂 有 限公 司（「 本公 司」， 連 同 其附 屬 公司 統 稱「 本集 團」、「 華 美樂 樂」或「 我 們」））董 事（「 董 事 」）共 同 及 個 別 對 本 公 告 承 擔 全 部 責 任 ， 當 中 包 括 ...

Energy and Resource Management - Total energy consumption in 2023 was 93,767 kWh, a decrease from 96,475 kWh in 2022, representing a reduction of approximately 1.8%[17] - The company aims to reduce energy consumption emissions by 2% in the next year through various energy-saving measures[5] - Water consumption in 2022 was 197.48 cubic meters, an increase from 135.51 cubic meters in 2021, indicating a need for improved water management strategies[17] - The total amount of packaging materials used in 2022 was 16.09 tons, down from 18.39 tons in 2021, reflecting a 12.5% reduction[17] - The company generated 25.74 tons of waste paper in 2022, a decrease from 29.42 tons in 2021, showing a commitment to waste reduction[7] - The total greenhouse gas emissions in 2022 were 64.88 tons, with a target to monitor and reduce emissions further in the upcoming year[15] - The company has set a target to reduce water consumption by 2% in the next year through employee awareness and efficient water use practices[6] - The goal for paper usage is to reduce consumption by 3% in the next year, promoting double-sided printing and electronic documents[7] Employee and Workforce Management - The total number of employees in the group is 38,421, with a turnover rate of 47% in 2023, compared to 36% in 2022[31] - The employee training participation rate is 5% for males and 7% for females, with an average training hour of 2.9 hours for males and 4.3 hours for females in 2023[24] - The group has maintained a zero injury rate and zero work-related fatalities over the past three years, with no lost workdays due to injuries reported during the reporting period[23] - The group has engaged 75 suppliers in 2023, a decrease from 93 in 2022, with 96.0% of suppliers located in Hong Kong[34] - The group has implemented flexible work arrangements during extreme weather conditions to minimize risks to employees and operations[19] - The group promotes a diverse workforce and ensures no discrimination based on race, age, gender, marital status, religion, or belief[21] - The group provides competitive compensation and benefits, training, and assessment to retain talent[21] Corporate Governance and Compliance - The group has a zero-tolerance policy towards child and forced labor, ensuring compliance with applicable labor laws in Hong Kong and China[30] - The group conducts annual evaluations of suppliers to ensure compliance with operational standards and terminates contracts if violations are found[34] - The company has implemented strict quality control measures for customer satisfaction, ensuring that all creative designs and important documents meet standards and client requirements[35] - The company is committed to maintaining high standards of corporate governance and compliance, as evidenced by the roles of its compliance officer and various committees[166] - The company has a strong governance structure with a diverse board comprising executive, non-executive, and independent directors, enhancing strategic oversight and accountability[168] Customer Engagement and Satisfaction - A systematic mechanism is in place to handle customer complaints, with immediate reporting to senior management and corrective actions taken to prevent recurrence[39] - No products were recalled during the year due to safety and health reasons, and there were no significant complaints from customers that adversely affected the business[39] - The project management information system "Icicle Hub" randomly sends customer satisfaction surveys to collect feedback for evaluation and improvement[39] - The marketing production team conducts quality checks on client-provided artwork before mass printing, ensuring high standards are maintained[35] - The company has established a monthly review meeting to discuss reported incidents and corrective measures, aiming for continuous improvement in service quality[36] Financial Performance and Position - For the year ended December 31, 2023, the group's revenue decreased by approximately 10% compared to the previous year, primarily due to challenges in the content media industry[95] - The group reported a net loss of HKD 8,601,000 for the year ended December 31, 2023, compared to a loss of HKD 6,079,000 in the previous year[181] - The company reported a current ratio of 1.4% as of December 31, 2023, compared to 5.5% in 2022, indicating a significant decline in liquidity[150] - The total comprehensive loss for the year amounted to HKD 6,216,000, up from HKD 3,418,000 in 2022, reflecting a worsening financial position[138] - The company's net current assets were approximately HKD 16.02 million, down from HKD 18.87 million in the previous year, representing a decline of 15.1%[150] - The company incurred a tax expense of HKD 221, compared to HKD 360 in the previous year, reflecting a decrease in tax liabilities[138] - The company aims to improve its financial performance through strategic planning and operational adjustments in the coming year[181] Business Development and Market Strategy - The company has made significant progress in developing new business lines in media, entertainment, and e-commerce since the strategic plan was proposed in 2022[64] - The company plans to host the first Asian version of ComplexCon in the first quarter of next year, expecting to attract over 30,000 guests from Asia and around the world[41] - The company is currently in an investment phase, preparing for long-term sustainable growth despite being in the early stages of development[65] - The company aims to provide carefully curated events throughout Asia to engage the increasing audience base[65] - The company plans to leverage its iconic creative IP programs and partnerships with influential brands and individuals to expand its community and social media influence in 2024[91] Subsidiaries and Investments - As of December 31, 2023, the company holds a 100% equity interest in several subsidiaries, including Ice Snow Production Limited and Ice Snow Printing Management Limited[189] - The company has established a new subsidiary, SV Two Live (HK) Limited, which commenced operations in Hong Kong in August 2023[192] - The company has a 30.6% effective interest in SV One LLC, which focuses on creating and producing original television content in the United States[192] - The company’s subsidiary, WB Game Changer Limited, was dissolved during the year, with no gain or loss recognized in the current year’s profit or loss[193] Operational Efficiency and Cost Management - Employee benefits expenses remained relatively stable at approximately HKD 16.2 million[109] - Other operating expenses decreased by approximately 16.2% to about HKD 8.7 million, down from HKD 10.4 million in 2022, mainly due to reduced consulting and legal expenses in the content media business[113] - Financial costs decreased significantly to HKD 111, down from HKD 233, indicating improved financial management[138] - The company has allocated resources towards the development of new products and technologies to drive future growth[181]

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 53,730,000, a decrease of 9.7% from HKD 59,646,000 in 2022[5] - The net loss for the year was HKD 6,079,000, compared to a net loss of HKD 2,939,000 in the previous year, representing an increase in loss of 106.5%[6] - Basic and diluted loss per share was HKD 1.79, up from HKD 0.93 in 2022, indicating a significant increase in per-share losses[6] - Total comprehensive loss for the year amounted to HKD 6,216,000, compared to HKD 3,418,000 in 2022, reflecting a 81.8% increase in comprehensive losses[6] - The company reported a comprehensive loss of HKD 8,738,000 for the year, which includes a loss of HKD 8,601,000 from operations[11] - The group reported a net loss before tax of HKD 16,154,000 in 2023, slightly down from HKD 16,165,000 in 2022[30] - The group recorded a loss of approximately HKD 6.1 million (2022: HKD 2.9 million) primarily due to costs associated with the expansion of the content media business[74] Assets and Liabilities - Non-current assets decreased to HKD 37,567,000 from HKD 41,471,000, a decline of 9.4%[8] - Current assets increased to HKD 43,177,000 from HKD 35,242,000, representing a growth of 22.6%[8] - The company's total equity decreased to HKD 53,444,000 from HKD 59,660,000, a reduction of 10.4%[9] - The total equity as of December 31, 2023, is HKD 59,660,000, a decrease from HKD 63,078,000 in the previous year, reflecting a loss of HKD 4,445,000 for the year[11] - The retained earnings decreased to HKD (12,832,000) as of December 31, 2023, compared to HKD (4,231,000) in the previous year[11] - The company’s total liabilities increased to HKD 18,364,000 in 2023 from HKD 12,864,000 in 2022, an increase of approximately 42.5%[43] Revenue Breakdown - Marketing production revenue increased to HKD 38,056,000 in 2023 from HKD 37,494,000 in 2022, representing a growth of 1.5%[23] - Content media business revenue decreased to HKD 15,674,000 in 2023 from HKD 22,143,000 in 2022, a decline of 29.2%[23] - Revenue from Hong Kong customers increased significantly to HKD 48,239,000 in 2023 from HKD 36,365,000 in 2022, a growth of 32.6%[27] - Revenue from Chinese customers decreased to HKD 5,326,000 in 2023 from HKD 22,505,000 in 2022, a decline of 76.3%[27] Expenses and Costs - Employee benefits expenses remained stable at HKD 16,154,000 compared to HKD 16,165,000 in the previous year, showing a slight decrease of 0.1%[5] - The cost of materials and supplies decreased by approximately 20.4% to about HKD 3.2 million (2022: HKD 4.0 million) despite an increase in marketing production services[62] - Depreciation and amortization expenses increased by approximately 14.0% to about HKD 4.8 million (2022: HKD 4.2 million) due to the full-year depreciation of several properties, plants, and equipment[65] - Transportation costs decreased by approximately 30.1% to about HKD 4.3 million (2022: HKD 6.2 million) despite an increase in marketing production services[70] - Other operating expenses decreased by approximately 16.2% to about HKD 8.7 million (2022: HKD 10.4 million) mainly due to reduced consulting and legal expenses[71] Cash Flow and Management - Cash and bank balances improved to HKD 20,514,000 from HKD 16,988,000, an increase of 20.0%[8] - The company’s cash flow management strategy appears to be focused on maintaining liquidity amid fluctuating receivables and payables[41] Corporate Governance and Future Plans - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2023, ensuring compliance with applicable accounting policies and regulations[95] - The company has adopted a code of conduct for directors regarding securities trading, confirming compliance by all directors for the year ending December 31, 2023[92] - The group anticipates maintaining the current recovery trajectory in economic growth in Hong Kong and China, with a focus on enriching experiential services and exploring emerging markets in the Asia-Pacific region[53] - The group is set to host the first Asian edition of ComplexCon in the first quarter of 2024, expected to attract over 30,000 guests from Asia and beyond[52] Employee and Management Information - The group employed a total of 38 full-time employees, a decrease from 42 in 2022[84] - The compensation for key management personnel totaled HKD 5.879 million in 2023, down from HKD 7.462 million in 2022[49] - The board believes that the dual role of the chairperson and CEO held by Ms. Hu Chen is beneficial for the group's business operations and management[91]

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 14,696,000, a decrease of 20.0% compared to HKD 18,488,000 for the same period in 2022[10] - The company incurred a loss before tax of HKD 2,829,000 for the three months ended September 30, 2023, compared to a profit of HKD 141,000 in the same period of 2022[10] - Total comprehensive loss for the three months ended September 30, 2023, was HKD 2,853,000, compared to a loss of HKD 21,000 for the same period in 2022[11] - The basic and diluted loss per share for the three months ended September 30, 2023, was HKD (0.58), compared to HKD 0.01 for the same period in 2022[11] - For the nine months ended September 30, 2023, the company reported total revenue of HKD 38,216,000, a slight decrease of 3.4% from HKD 39,552,000 in the same period of 2022[10] - The company experienced a loss of HKD 9,107,000 for the nine months ended September 30, 2023, compared to a loss of HKD 3,251,000 for the same period in 2022[11] - The company reported a total comprehensive loss of HKD 9,214,000 for the nine months ended September 30, 2023, compared to a loss of HKD 3,256,000 for the same period in 2022[19] - The company recorded a loss attributable to owners of HKD 9.1 million for the nine months ended September 30, 2023, compared to a loss of HKD 3.2 million in the same period last year, marking an increase of 180%[28][29] Revenue Breakdown - For the three months ended September 30, 2023, the company's revenue from marketing production was HKD 8,678,000, a decrease of 25.5% compared to HKD 11,563,000 in the same period of 2022[19] - The content media business generated revenue of HKD 6,018,000 for the three months ended September 30, 2023, down 13.1% from HKD 6,925,000 in the same period of 2022[19] - Marketing production services generated revenue of HKD 27.9 million, an increase of 4% year-on-year, accounting for 73.1% of total revenue[29][34] - The content media business reported revenue of HKD 10.3 million, a decrease of 19% year-on-year, representing 26.9% of total revenue[29][34] - The company has not reported any revenue from e-commerce for the nine months ended September 30, 2023, compared to HKD 9,000 in the same period of 2022[19] Expenses and Costs - Employee benefit expenses increased to HKD 4,379,000 for the three months ended September 30, 2023, compared to HKD 4,027,000 in the same period of 2022, reflecting a rise of 8.7%[10] - The company's financial costs decreased to HKD 24,000 for the three months ended September 30, 2023, from HKD 54,000 in the same period of 2022, indicating a reduction of 55.6%[10] - Outsourcing project costs increased by approximately HKD 3.0 million (23.3%) to about HKD 16.0 million, up from HKD 13.0 million in 2022, mainly due to rising costs in marketing production services and media operations[37] - Employee benefits expenses rose by approximately HKD 1.7 million (14.7%) to about HKD 13.5 million, compared to HKD 11.8 million in 2022, driven by the expansion of content media operations[39] - Transportation costs decreased by approximately HKD 1.0 million (22.4%) to about HKD 3.6 million, down from HKD 4.6 million in 2022, as increased projects were produced by suppliers[43] - Other operating expenses decreased by approximately HKD 0.5 million (6.6%) to about HKD 6.6 million, compared to HKD 7.0 million in 2022, mainly due to reduced consulting and legal fees related to content media operations[44] Assets and Equity - The company's total equity as of September 30, 2023, was HKD 50,446,000, down from HKD 63,078,000 as of January 1, 2022[13] - The group's current assets net value was approximately HKD 11.8 million as of September 30, 2023, down from HKD 18.9 million on December 31, 2022[48] - The asset-to-liability ratio as of September 30, 2023, was 3.0%, compared to 5.5% on December 31, 2022[48] Governance and Management - The company has established an audit committee, nomination committee, and remuneration committee, clearly defining their respective roles and responsibilities[79] - The board emphasizes high-quality governance, internal controls, transparency, and accountability to protect shareholder interests, adhering to the GEM Listing Rules[79] - The audit committee, consisting of three independent non-executive directors, oversees financial reporting systems and internal controls, ensuring compliance with applicable laws and regulations[83] - The company has maintained a strong leadership structure, with the same individual serving as both Chairperson and CEO, which the board believes enhances effective management[80] - The board includes experienced individuals, with three independent non-executive directors ensuring a balance of power within the board[80] - The company has committed to maintaining high levels of corporate governance, aligning with the principles outlined in the GEM Listing Rules[79] Shareholder Information - As of September 30, 2023, Hu Chen De Zi holds 283,920,000 shares, representing 59.15% of the company's equity[62] - Hu Jian Bang, spouse of Hu Chen De Zi, holds 286,260,000 shares, representing 59.64% of the company's equity[68] - Explorer Vantage Limited, wholly owned by Hu Chen De Zi, holds 283,920,000 shares, representing 59.15% of the company's equity[68] - Mirousky Limited, fully owned by De Jun Asia Limited, holds 34,850,000 shares, representing 7.26% of the company's equity[68] - The company has not granted any stock options under the stock option plan since its adoption on November 16, 2017[71] - No director or senior management has reported any interests in shares or related securities of the company as of September 30, 2023[70] - The company has not received any disclosures from individuals regarding interests in shares or related securities as of September 30, 2023[70] Future Outlook - The company is actively negotiating a large experiential marketing project expected to be secured in the fourth quarter[29] - The company plans to continue investing in stronger experiential products and explore high-growth market opportunities in the Asia-Pacific region[30] - The company has maintained a larger team in China to meet the growing demand for year-end experiential activities, impacting operational costs[29]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不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之任何損失 承擔任何責任。 SV Vision Limited 華 美 樂 樂 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8429） 截至二零二三年九月三十日止九個月的 未經審核第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 華美樂樂有限公司（「本公司」，連同其附屬公司（「本集團」或「我們」））董事（「董事」）共同及 個別對本公告承擔全部責任，當中包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規 定提供有關本公司之資料。董事在作出一切合 ...

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 23,520,000, an increase of 11.6% compared to HKD 21,064,000 for the same period in 2022[10] - The company incurred a loss before tax of HKD 6,222,000 for the six months ended June 30, 2023, compared to a loss of HKD 3,152,000 for the same period in 2022, representing a 97.8% increase in losses[10] - The total comprehensive loss for the six months ended June 30, 2023, was HKD 6,361,000, up from HKD 3,235,000 in the same period of 2022, indicating a 96.5% increase in total losses[12] - The company reported a basic and diluted loss per share of HKD 1.31 for the six months ended June 30, 2023, compared to HKD 0.67 for the same period in 2022, indicating a 95.5% increase in loss per share[12] - The company reported a net loss of HKD 6,274,000 for the period, compared to a loss of HKD 3,221,000 in the previous year[18] - The group recorded a loss of approximately HKD 6.3 million for the six months ended June 30, 2023, compared to a loss of HKD 3.3 million in the previous year, representing a 92% increase in losses[72] Revenue Breakdown - Marketing production revenue increased to HKD 19,263,000 from HKD 15,269,000, a growth of 26.3% year-over-year[27] - Revenue from Hong Kong for the six months ended June 30, 2023, was HKD 19,870,000, up from HKD 14,205,000, reflecting a growth of 40.5%[29] - Content media business revenue decreased by approximately 26.4% to about HKD 4.3 million, attributed to slower recovery in mainland China[63] - Total revenue for the six months ended June 30, 2023, was approximately HKD 23.5 million, up from HKD 21.1 million in the previous year, marking an increase of about HKD 2.5 million (11.7%)[62] Expenses and Costs - Employee benefit expenses rose to HKD 9,152,000 for the six months ended June 30, 2023, compared to HKD 7,774,000 in 2022, reflecting an increase of 17.7%[10] - The company’s total operating expenses for the six months ended June 30, 2023, were HKD 26,000,000, an increase from HKD 22,000,000 in 2022, indicating an increase of 18.2%[10] - The cost of outsourced projects increased to HKD 8,701,000 for the six months ended June 30, 2023, compared to HKD 6,405,000 in 2022, representing a 36.0% increase[10] - Rental expenses increased by approximately HKD 0.3 million (30.7%) to about HKD 1.2 million, primarily due to the expansion of office space for the content media business in China[68] Assets and Liabilities - Total assets decreased from HKD 60,341,000 to HKD 53,540,000, a decline of approximately 11.3%[15] - Cash and cash equivalents decreased from HKD 18,571,000 to HKD 8,560,000, representing a reduction of about 53.9%[16] - Current liabilities decreased from HKD 16,372,000 to HKD 11,925,000, a reduction of approximately 27.0%[15] - Total equity attributable to owners decreased from HKD 64,759,000 to HKD 58,426,000, a drop of approximately 9.9%[18] - The net amount of trade receivables as of June 30, 2023, was HKD 10,505,000, down from HKD 18,142,000 as of December 31, 2022, reflecting a 42% decrease[45] Cash Flow - Net cash used in operating activities was HKD 165,000, compared to a cash generation of HKD 1,738,000 in the previous year, indicating a significant decline[16] - The company incurred cash outflows from investing activities amounting to HKD 6,476,000, compared to HKD 35,925,000 in the previous year[16] - The company’s cash flow from financing activities showed a net outflow of HKD 1,539,000, compared to HKD 3,462,000 in the previous year[16] Corporate Governance - The company emphasizes high standards of corporate governance, maintaining a strong and capable board[100] - The company has established an audit committee, nomination committee, and remuneration committee as per GEM listing rules[100] - The audit committee has been established in accordance with GEM listing rules and consists of three independent non-executive directors[103] - The audit committee's main responsibilities include reviewing and supervising the financial reporting system and internal control procedures[103] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[10] - The group plans to continue investing in Greater China to enhance experiential services while exploring diversification in other markets within the Asia-Pacific region[60] - The group aims to adapt to changing market demands by implementing changes made at the beginning of the year[60]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 SV Vision Limited 華 美 樂 樂 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8429） 截至二零二三年六月三十日止六個月的 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證 券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 華美樂樂有限公司（「本公司」，連同其附屬公司（「本集團」、「華美樂樂」或「我們」））董事 （「董事」）共同及個別對本公告承擔全部責任，當中包括遵照聯交所GEM證券上市規則 （「GEM上市規則」）規定提供有關本公司之資料。董事在作出一切 ...

Financial Performance - Revenue for the first quarter of 2023 was HKD 12,350,000, an increase of 18.98% compared to HKD 10,381,000 in the same period of 2022[11] - The company reported a loss before tax of HKD 2,635,000, compared to a loss of HKD 341,000 in the first quarter of 2022, indicating a significant increase in losses[11] - Total comprehensive loss for the period was HKD 2,649,000, compared to HKD 456,000 in the same period last year, reflecting a worsening financial position[13] - Basic and diluted loss per share was HKD 0.56, compared to HKD 0.12 in the first quarter of 2022, showing a decline in earnings performance[13] - The company reported a total comprehensive loss of HKD 2,649,000 for the quarter, compared to a loss of HKD 456,000 in the same period last year[21] - The company's loss for the period was approximately HKD 2.69 million, a 629% increase compared to HKD 0.56 million in the previous year[30] Revenue Breakdown - Marketing production revenue reached HKD 10,742,000, up 41.5% from HKD 7,591,000 year-over-year[21] - Content media business revenue decreased to HKD 1,608,000 from HKD 2,781,000, representing a decline of 42.2%[21] - E-commerce revenue was negligible at HKD 0, down from HKD 9,000 in the previous year[21] - For the three months ended March 31, 2023, the company's revenue increased by approximately HKD 2.0 million (19.0%) to about HKD 12.4 million, compared to HKD 10.4 million in the same period last year[37] - Marketing production services generated revenue of HKD 10.7 million, representing a 41.5% increase from HKD 7.6 million in the previous year, primarily due to an increase in the number of projects[40] - Revenue from content media business decreased by approximately 42.2% to about HKD 1.6 million, down from HKD 2.8 million in the previous year, mainly due to a reduction in completed transactions[42] Expenses and Costs - Employee benefit expenses increased to HKD 4,544,000 from HKD 3,803,000, representing a rise of 19.5% year-over-year[11] - Outsourcing project costs rose by approximately HKD 1.5 million (51.6%) to about HKD 4.4 million, compared to HKD 2.9 million in the previous year, consistent with the increase in marketing production services revenue[43] - Rental expenses increased by approximately HKD 90,000 (17.6%) to about HKD 0.6 million for the three months ended March 31, 2023, primarily due to the expansion of office space for content media business in China[48] - Transportation costs rose by approximately HKD 0.6 million (40.1%) to about HKD 1.9 million for the three months ended March 31, 2023, attributed to increased revenue from marketing production services[49] - Other operating expenses increased by approximately HKD 0.2 million (16.2%) to about HKD 1.6 million for the three months ended March 31, 2023, mainly due to the expansion of content media business[50] - Financial costs decreased by approximately HKD 31,000 (43.1%) to about HKD 41,000 for the three months ended March 31, 2023, due to repayment of lease liabilities[51] Equity and Assets - As of March 31, 2023, the total equity attributable to owners was HKD 57,011,000, a decrease from HKD 63,078,000 at the end of the previous year[21] - As of March 31, 2023, the group had net current assets of approximately HKD 16.0 million, down from HKD 18.9 million as of December 31, 2022[53] - The group's debt-to-equity ratio as of March 31, 2023, was 5.3%, slightly down from 5.5% as of December 31, 2022[53] Corporate Governance - The company emphasizes high standards of corporate governance, including a well-qualified board and sound internal controls[83] - The company is led by Ms. Hu Chen as both Chairperson and CEO, providing strong and consistent leadership since August 2002[84] - The Audit Committee, composed of three independent non-executive directors, oversees the financial reporting system and internal controls[87] - The unaudited consolidated financial statements have been reviewed and deemed compliant with applicable accounting standards and GEM listing rules[87] Market Strategy - The company is focusing on expanding its market presence and developing new products, although specific details were not disclosed in the report[10] - The company is actively seeking diversification in other markets in the Asia-Pacific region while continuing to invest in the Greater China region[34] - The company has accumulated over 230 million views on its content across social media channels and streaming platforms in China and Hong Kong[33] Taxation - The company did not incur any income tax expenses during the quarter, consistent with the previous year[23] - The company continues to operate under the Cayman Islands and British Virgin Islands regulations, which do not impose income tax[23] Shareholding and Stock Options - Explorer Vantage holds 283,920,000 shares, representing 59.15% of the company's equity[72] - Mirousky Limited owns 34,850,000 shares, accounting for 7.26% of the company's equity[72] - The company has not granted any stock options under the stock option plan since its adoption on November 16, 2017[75] Dividends and Investments - The company did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the previous year[28] - The group did not engage in any major investments, acquisitions, or disposals of subsidiaries during the three months ended March 31, 2023[61] - There were no significant capital commitments or contingent liabilities as of March 31, 2023[58]