Financial Performance - For the year ended December 31, 2023, the group's revenue was approximately SGD 23,463,000, a decrease of about SGD 2,781,000 or 10.6% compared to the year ended December 31, 2022[8]. - The total comprehensive loss for the year was approximately SGD 5,067,000, compared to a loss of approximately SGD 8,664,000 for the year ended December 31, 2022, primarily due to an increase in gross profit of about SGD 2,842,000[8]. - The gross profit for the year ended December 31, 2023, was SGD 1,242,633, compared to a gross loss of SGD 1,598,871 for the previous year[9]. - The loss before tax for the year was SGD 5,105,708, compared to a loss of SGD 9,047,901 for the previous year[9]. - The basic and diluted loss per share for the year was SGD (0.0340), compared to SGD (0.1847) for the previous year[9]. - The company reported a pre-tax loss of SGD 5,066,755 for 2023, compared to a loss of SGD 8,664,461 in 2022[41]. - The overall gross profit turned from a loss of approximately SGD 1,599,000 for the year ending December 31, 2022, to a profit of approximately SGD 1,243,000 for the year ending December 31, 2023, with a gross profit margin of 5.3%[64]. - The company recorded a loss of approximately SGD 5,114,000 for the year ending December 31, 2023, an improvement of about SGD 3,550,000 compared to the previous year's loss of approximately SGD 8,664,000[71]. Revenue Breakdown - Total revenue for the year ended December 31, 2023, was SGD 23,463,313, a decrease from SGD 26,244,251 in 2022, representing a decline of approximately 10.7%[19]. - The truck transportation segment generated revenue of SGD 21,336,737, while the consolidation services segment contributed SGD 2,126,576, indicating a significant drop in both segments compared to the previous year[19]. - Revenue from truck transportation services decreased by approximately SGD 846,000 to about SGD 21,336,000, a decline of 3.8% due to reduced trade volume[61]. - Revenue from consolidation services decreased by 47.6% or approximately SGD 1,935,000, primarily due to the need for customers to wait for vessels to arrive before transporting containers[62]. Assets and Liabilities - Total non-current assets decreased from SGD 10,296,808 in 2022 to SGD 8,389,029 in 2023, a decline of approximately 18.5%[10]. - Current assets increased significantly from SGD 7,980,113 in 2022 to SGD 9,198,676 in 2023, representing a growth of about 15.3%[10]. - Current liabilities decreased from SGD 3,720,001 in 2022 to SGD 2,928,772 in 2023, a reduction of approximately 21.3%[10]. - Total assets increased slightly from SGD 14,556,920 in 2022 to SGD 14,658,933 in 2023, reflecting a growth of about 0.7%[10]. - Total liabilities increased to SGD 3,464,547 from SGD 4,549,695 in the previous year, indicating a reduction in financial obligations[19]. - The company's bank loans as of December 31, 2023, totaled SGD 300,000, a decrease from SGD 847,288 in 2022, reflecting a reduction of 64.6%[51]. Cash Flow and Expenses - Cash and cash equivalents decreased from SGD 2,252,650 in 2022 to SGD 1,664,561 in 2023, a decline of about 26.1%[10]. - The operating expenses for the year were SGD 6,297,171, an increase from SGD 5,946,157 in the previous year[9]. - Other income for 2023 amounted to SGD 175,359, a decrease of 25.3% compared to SGD 234,855 in 2022[32]. - Administrative expenses increased from approximately SGD 5,946,000 to about SGD 6,297,000, primarily due to costs associated with office operations and employee expenses[69]. Shareholder Information - The board of directors does not recommend the payment of any dividends for the years ended December 31, 2023, and 2022[8]. - The company did not recommend any dividend for the year ending December 31, 2023, consistent with 2022[55]. - The total issued and paid-up capital as of December 31, 2023, was SGD 5,725,993, an increase from SGD 1,442,676 in 2022[52]. Employee and Operational Developments - Employee benefits, excluding directors' remuneration, totaled SGD 8,534,886 in 2023, slightly down from SGD 8,543,626 in 2022[34]. - The group employed a total of 130 employees as of December 31, 2023, down from 140 in 2022[80]. - The group has hired 27 experienced truck drivers to support its business expansion[86]. - The group has completed the installation of a customized enterprise resource planning system and a tracking system for containers[86]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[110]. - The company confirmed that there were no interests held by directors or substantial shareholders in any competing businesses as of December 31, 2023[100]. - The company has adhered to all corporate governance code provisions during the reporting period, with a noted deviation regarding the roles of the chairman and CEO[103]. Future Outlook and Plans - The company aims to maintain growth in the industry and strengthen overall competitiveness while expanding its market share in Singapore[94]. - The company is cautious about its expansion plans due to uncertainties in the global trade economy[94]. - The company plans to enhance service capacity by purchasing new vehicles and increasing its workforce to meet business expansion needs[94].

Financial Performance - For the nine months ended September 30, 2023, the group's revenue was approximately SGD 15,538,000, a decrease of about SGD 4,634,000 or 23.0% compared to the same period in 2022[6]. - The loss attributable to owners for the nine months ended September 30, 2023, was approximately SGD 2,167,000, an improvement from a loss of SGD 5,197,000 in the same period of 2022, primarily due to a reduction in administrative expenses[6]. - For the three months ended September 30, 2023, revenue was SGD 5,407,983, down from SGD 6,732,142 in the same period of 2022[8]. - Consolidated revenue for the nine months ended September 30, 2023, was SGD 15,538,141, down 23.1% from SGD 20,171,706 in the same period of 2022[20]. - The company reported a pre-tax loss of SGD 2,166,516 for the nine months ended September 30, 2023, compared to a loss of SGD 5,196,798 in the same period of 2022, indicating an improvement[36]. - The company recorded an unaudited loss of approximately SGD 2,167,000 for the nine months ended September 30, 2023, compared to an unaudited loss of approximately SGD 5,197,000 for the same period in 2022[57]. Administrative Expenses - Administrative expenses for the nine months ended September 30, 2023, were SGD 2,714,257, significantly reduced from SGD 5,739,076 in the same period of 2022[8]. - Administrative expenses decreased by approximately SGD 3,025,000 or 52.7% to about SGD 2,714,000 for the nine months ended September 30, 2023, primarily due to the recognition of share-based payments in the previous period[55]. Equity and Share Performance - The total equity as of September 30, 2023, was SGD 16,728,046, down from SGD 17,393,240 as of September 30, 2022[9]. - The company reported a basic and diluted loss per share of SGD 0.0003 for the three months ended September 30, 2023, compared to SGD 0.015 for the same period in 2022[8]. - Basic and diluted loss per share for Q3 2023 was SGD (0.0003), an improvement from SGD (0.015) in Q3 2022[36]. - The company’s weighted average number of ordinary shares for the nine months ended September 30, 2023, was 142,436,823, down from 821,238,588 in the same period of 2022[36]. Revenue Sources - Truck transportation services revenue for Q3 2023 was SGD 4,899,899, a decrease of 15.3% from SGD 5,784,089 in Q3 2022[20]. - Revenue from truck transportation services decreased by approximately SGD 3,387,000 to SGD 13,658,000, a decline of about 19.9% due to reduced overall transaction volume[48]. Other Income and Costs - Other income for Q3 2023 included property sales of SGD 30,000, compared to SGD 11,364 in Q3 2022, reflecting a significant increase[25]. - Other income decreased by approximately SGD 183,000 to about SGD 62,000 for the nine months ended September 30, 2023, mainly due to a reduction in miscellaneous income[54]. - Financing costs for Q3 2023 totaled SGD 11,319, an increase from SGD 9,362 in Q3 2022, primarily due to higher interest on lease liabilities[28]. - The company recorded a foreign exchange loss of SGD 81,430 in Q3 2023, compared to a gain of SGD 20,795 in Q3 2022[30]. Employee Costs and Workforce - Total employee costs for the nine months ended September 30, 2023, amounted to approximately SGD 5.367 million, down from SGD 7.083 million for the same period in 2022[67]. - As of September 30, 2023, the company had a total of 140 employees, with local employees eligible for discretionary bonuses based on performance[67]. Strategic Plans and Market Position - The company plans to maintain growth and expand market share in Singapore, with a cautious approach to expansion due to global trade uncertainties[66]. - The company aims to enhance service capacity by purchasing new vehicles and expanding its workforce to meet business growth needs[66]. - The company is focused on strengthening its IT systems as part of its growth strategy[66]. Dividend and Financial Governance - The board of directors did not recommend any dividend for the nine months ended September 30, 2023[6]. - The board does not recommend declaring dividends as of September 30, 2023, considering the overall operating performance, financial condition, and funding needs[94]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the nine months ended September 30, 2023, and found them compliant with applicable accounting standards and regulations[97]. Rights Issue and Capital Management - The company completed a rights issue on February 23, 2023, issuing 125,126,400 shares at a subscription price of HKD 0.26 per share, raising approximately HKD 32.5 million[60]. - As of September 30, 2023, the company utilized approximately HKD 27.2 million of the net proceeds from the rights issue, with HKD 18.6 million allocated for employee salaries[63]. - The company has no capital commitments as of September 30, 2023[59]. - The total performance bond provided by financial institutions and insurance companies on behalf of the company amounted to SGD 670,000 as of September 30, 2023[58]. Taxation and Regulatory Environment - The company has not incurred any income tax liabilities in the Cayman Islands and British Virgin Islands, benefiting from tax regulations[34].

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依賴該等內容而引致之任何損 失承擔任何責任。 C&N Holdings Limited 春 能 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8430） 截 至2023年9月30日 止 九 個 月 之 第 三 季 度 業 績 公 告 春能控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至2023年9月30日止九個月之未經審核業績。 本 公 告 載 有 本 公 司2023年 第 三 季 度 業 績 報 告 全 文，乃 符 合 香 港 聯 合 交 易 所有限公司GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初 步公告附載資料之相關要求。 承董事會命 春能控股有限公司 主席 蔡江林 香港，2023年11月14日 於本公告日期，董事會成員包括執行董事蔡江林先生及馮美娟女士；及 獨立非執行董事張偉健先生、黃淑儀女士及黃靜雲女士。 ...

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。 C&N Holdings Limited 春 能 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8430） 補充公告 有關本公司截至二零二二年十二月三十一日止年度的年報 茲提述春能控股有限公司（「本公司」）於二零二三年四月二日刊發截至二零二二年 十二月三十一日止年度的年報（「二零二二年年報」）。除另有界定者外，本公告所 用詞彙與二零二二年年報所載列者具有相同涵義。 除二零二二年年報所提供資料外，董事會亦謹此提供有關本公司購股權計劃的進 一步資料： (i) 股份於緊接本公司相關僱員行使購股權日期前之加權平均收市價為每股0.086 港元； (ii) 於二零二二年財政年度（「二零二二財年」）年初及年末，根據購股權計劃的計 劃授權可授出的購股權數量分別為76,800,000股及83,417,600股； (iii) 於二零二二財年根據本公司購股權計劃授出的購股權及獎勵可能發行的股份 數量 ...

Financial Performance - For the six months ended June 30, 2023, the total revenue of the group was approximately SGD 10,130,000, a decrease of about SGD 3,310,000 or 24.6% compared to the same period in 2022[3]. - The loss attributable to owners of the company for the six months ended June 30, 2023, was approximately SGD 2,140,000, compared to a loss of SGD 3,367,000 for the same period in 2022[4]. - The gross profit for the six months ended June 30, 2023, was SGD 126,092, down from SGD 325,114 in the same period of 2022[6]. - The total comprehensive loss for the six months ended June 30, 2023, was SGD 2,140,243, compared to SGD 3,367,169 for the same period in 2022[11]. - The company reported a basic and diluted loss per share of SGD 0.0024 for the six months ended June 30, 2023, compared to SGD 0.016 for the same period in 2022[6]. - The company recorded a loss of approximately SGD 2,121,000 for the six months ended June 30, 2023, an improvement of about SGD 1,246,000 compared to a loss of approximately SGD 3,367,000 for the same period in 2022[78]. Dividends - The board of directors did not recommend any dividend for the six months ended June 30, 2023[4]. - The company did not declare any dividends for the six months ended June 30, 2023, consistent with the previous year[42]. - No dividends were proposed by the board for the six months ended June 30, 2023, considering the overall operating performance and financial condition of the company[79]. Assets and Liabilities - The total assets less current liabilities as of June 30, 2023, amounted to SGD 17,590,863, compared to SGD 14,556,920 as of December 31, 2022[9]. - The net asset value as of June 30, 2023, was SGD 17,049,670, an increase from SGD 13,727,226 as of December 31, 2022[9]. - The cash and bank balances as of June 30, 2023, were SGD 3,836,683, compared to SGD 2,252,650 as of December 31, 2022[7]. - Trade receivables as of June 30, 2023, amounted to SGD 3,409,177, a decrease from SGD 3,981,833 as of December 31, 2022, reflecting a 14% decline[46]. - The company reported total loans and borrowings of SGD 1,441,271 as of June 30, 2023, down from SGD 2,313,570 at the end of 2022, indicating a 38% reduction[52]. - The company’s trade payables as of June 30, 2023, were SGD 951,531, a decrease from SGD 1,251,148 as of December 31, 2022, representing a 24% decline[50]. Cash Flow - For the six months ended June 30, 2023, the net cash flow used in operating activities was SGD (21,632) compared to SGD (2,951,296) in 2022, indicating a significant improvement[14]. - The net cash flow used in investing activities increased to SGD (2,950,251) from SGD (137,500) year-over-year, reflecting higher investment expenditures[14]. - The net cash flow generated from financing activities rose to SGD 4,555,916 from SGD 893,121, showing a strong increase in financing activities[14]. - Cash and cash equivalents at the end of the period increased to SGD 3,836,683 from SGD 7,869,446, indicating a net increase of SGD 1,584,033 compared to a decrease of SGD (2,195,675) in the previous year[14]. Revenue Breakdown - Customer contract revenue for the six months ended June 30, 2023, was SGD 10,130,158, down 25.5% from SGD 13,439,564 in 2022[23]. - Revenue from truck transportation services for the six months ended June 30, 2023, was SGD 8,758,250, a decrease of 22.3% from SGD 11,260,942 in 2022[26]. - Revenue from consolidation services for the same period was SGD 1,371,908, down 37.0% from SGD 2,178,622 in 2022[26]. - Overall gross profit decreased from approximately SGD 325,000 for the six months ended June 30, 2022, to approximately SGD 126,000 for the same period in 2023, with a gross profit margin decline from about 2.4% to 1.2%[72]. Employee Costs - The total employee cost for the six months ended June 30, 2023, was approximately SGD 3,459,000, down from SGD 5,607,000 for the same period in 2022[91]. - The group maintained a total of 140 employees as of June 30, 2023, unchanged from December 31, 2022[91]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the required trading standards during the six months ended June 30, 2023[126]. - The company has complied with all provisions of the corporate governance code, with the exception of the separation of roles between the Chairman and CEO, which is deemed appropriate for effective management[128]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and policies adopted by the group and believes that the financial performance for the six months ended June 30, 2023, complies with applicable accounting standards and regulations[131]. Future Plans and Market Conditions - The company plans to maintain growth in the industry and expand its market share in Singapore, despite economic challenges, with a cautious approach to expansion due to global trade uncertainties[106]. - Future plans include purchasing new vehicles to increase service capacity, enhancing employee numbers, acquiring new office space, and strengthening IT systems[106]. - Singapore's economy showed a significant slowdown, with year-on-year growth dropping to 2.1% in Q4 2022 and further declining to 0.1% in the first three months of 2023[106]. Rights Issue - The company proposed a rights issue on October 21, 2022, offering three (3) shares for every one (1) existing share at a subscription price of HKD 0.26, aiming to raise approximately HKD 32.5 million[101]. - The rights issue was completed on February 23, 2023, after receiving shareholder approval at a special meeting held on December 30, 2022[103]. - The estimated net proceeds from the rights issue, after deducting costs, are approximately HKD 31.4 million, with HKD 15.6 million utilized by June 30, 2023[104]. - The company aims to utilize the rights issue proceeds primarily for operational expenses over the next 12 months, including rent, salaries, and working capital[103].

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依賴該等內容而引致之任何損失承擔任何責任。 C&N Holdings Limited 春 能 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8430） 截至二零二三年六月三十日止六個月之 中期業績公告 春能控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二三年六月三十日止六個月之未經審核業 績。本公告載有本公司二零二三年中期報告全文，乃符合香港聯合交易所有限公 司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之相 關要求。 承董事會命 春能控股有限公司 主席 蔡江林 香港，二零二三年八月十四日 於本公告日期，董事會成員包括執行董事蔡江林先生及馮美娟女士；及獨立非執 行董事張偉健先生、黃靜雲女士及黃淑儀女士。 本公告（各董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司GEM ...

Financial Performance - For the three months ended March 31, 2023, the group's revenue was approximately SGD 5,021,107, a decrease of about SGD 1,646,793 or 24.7% compared to SGD 6,667,900 for the same period in 2022[5] - The loss attributable to owners of the company for the three months ended March 31, 2023, was approximately SGD 1,713,965, a decrease of about SGD 18,627 compared to a loss of SGD 1,732,592 for the same period in 2022[5] - The gross loss for the three months ended March 31, 2023, was SGD 438,978, compared to a gross profit of SGD 114,293 for the same period in 2022[7] - Revenue from truck transportation services was SGD 4,332,968 for the three months ended March 31, 2023, down from SGD 5,552,864 in the same period in 2022[20] - Revenue from consolidation services was SGD 688,139 for the three months ended March 31, 2023, compared to SGD 1,115,036 for the same period in 2022[20] - The overall performance shifted from a profit of approximately SGD 114,000 for the three months ended March 31, 2022, to a loss of approximately SGD 439,000 for the same period in 2023[50] - The total gross margin declined from approximately 1.7% profit to approximately 8.7% loss for the same periods[50] - The company reported a pre-tax loss of SGD 1,713,965 for the three months ended March 31, 2023, compared to a loss of SGD 1,732,592 in 2022[34] Expenses and Costs - The administrative expenses for the three months ended March 31, 2023, were SGD 1,316,735, a decrease from SGD 1,964,750 in the same period in 2022[7] - The company’s financing costs for the three months ended March 31, 2023, were SGD 15,174, compared to SGD 10,494 for the same period in 2022[7] - Total employee costs, including directors' remuneration, amounted to approximately SGD 1,764,000 for the three months ended March 31, 2023, down from approximately SGD 3,005,000 for the same period in 2022[61] - The company has a significant management compensation of SGD 216,857 for the three months ended March 31, 2023, compared to SGD 238,455 in 2022[41] Dividends and Shareholder Information - The company did not recommend any dividend for the three months ended March 31, 2023[5] - The company did not recommend the payment of dividends for the three months ended March 31, 2023, considering overall operating performance and financial condition[88] - Major shareholders include Ventris Global Limited with 3,230,250 shares (1.94%), Dai Wangfei with 3,950,000 shares (9.47%), and Wang Hufei with 10,471,750 shares (6.28%) as of March 31, 2023[71] Economic Context - The Singapore economy has significantly slowed, with year-on-year growth declining from 2.1% in Q4 2022 to 0.1% in the first three months of 2023, primarily due to a contraction in trade-related industries[59] - The management is continuously monitoring the global trade economy and discussing with customers to understand their needs amid ongoing challenges and uncertainties[59] Compliance and Governance - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO[87] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the three months ended March 31, 2023, and found them compliant with applicable accounting standards[91] Stock Options and Incentives - The company has adopted a share option scheme to incentivize and reward eligible participants for their contributions to the group[74] - As of March 31, 2023, the company granted stock options totaling 3,890,350, representing approximately 2.33% of the total issued shares[75] - The stock option plan will expire on October 17, 2027[80] - The company granted stock options to 8 employees, each holding 333,649 options, and to 3 employees, each holding 407,052 options[78][79] Other Financial Information - Other income for the three months ended March 31, 2023, was SGD 56,922,000, down from SGD 128,359,000 in 2022[24] - Other income decreased from approximately SGD 128,000 for the three months ended March 31, 2022, to approximately SGD 57,000 for the three months ended March 31, 2023, a reduction of about SGD 71,000[51] - The total equity as of March 31, 2023, was SGD 17,475,948, a decrease from SGD 20,089,025 as of March 31, 2022[8] - The group recorded a loss of approximately SGD 1,714,000 for the three months ended March 31, 2023, a decrease of about SGD 19,000 from a loss of approximately SGD 1,733,000 for the same period in 2022[56] - The company has pledged properties and bank deposits valued at SGD 525,970 and SGD 511,859 as collateral for secured bank loans as of March 31, 2023[82] - The group has no capital commitments as of March 31, 2023[58] - The total performance guarantees provided by financial institutions and insurance companies amounted to SGD 670,000 as of March 31, 2023[57] Events and Transactions - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[81] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[83] - No significant events occurred after the reporting period that would impact the financial statements[84]

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依賴該等內容而引致之任何損 失承擔任何責任。 C&N Holdings Limited 春 能 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8430） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 之 第 一 季 度 業 績 公 告 春能控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年三月三十一日止三個月之 未經審核業績。本公告載有本公司二零二三年第一季度業績報告全文， 乃符合香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）中 有關第三季度業績初步公告附載資料之相關要求。 承董事會命 春能控股有限公司 主席 蔡江林 香港，二零二三年五月十五日 於本公告日期，董事會成員包括執行董事蔡江林先生及馮美娟女士；及 獨立非執行董事張偉健先生、黃淑儀女士及盧雪麗女士。 ...

Financial Performance - The group's revenue for the year ended December 31, 2022, slightly increased by approximately SGD 25,000 or about 0.1% to approximately SGD 26,244,000 compared to the previous year[10]. - The total performance of the group changed from a profit of approximately SGD 1,341,000 for the year ended December 31, 2021, to a loss of approximately SGD 1,599,000 for the year ended December 31, 2022[10]. - The group recorded a net loss of approximately SGD 8,664,000 for the year ended December 31, 2022, compared to a net loss of approximately SGD 3,605,000 for the year ended December 31, 2021[10]. - Revenue from truck transportation services increased by approximately SGD 685,000 to about SGD 22,182,000, representing a growth of 3.2% due to rising energy costs linked to geopolitical tensions[16]. - Revenue from consolidation services decreased by 14.0% or approximately SGD 660,000, primarily due to reduced demand as ships began arriving more timely[18]. - Other income decreased from approximately SGD 743,000 in 2021 to about SGD 235,000 in 2022, mainly due to reduced government subsidies during COVID-19[24]. - The total assets as of December 31, 2022, were approximately SGD 18,277,000, down from SGD 25,759,000 in 2021[28]. - The current ratio as of December 31, 2022, was approximately 2.1 times, a decrease from 4.2 times in 2021[28]. Operational Challenges - The gross profit margin shifted from 5.1% for the year ended December 31, 2021, to a loss of 6.1% for the year ended December 31, 2022, primarily due to increased diesel costs starting in February 2022[10]. - The upcoming year is expected to be challenging and variable for the group, with ongoing efforts to adapt to potential economic fluctuations[11]. - The overall gross profit turned from a profit of approximately SGD 1,341,000 in 2021 to a loss of approximately SGD 1,599,000 in 2022, with a gross margin shift from 5.1% to -6.1%[20]. - The gross margin for truck transportation services declined from a profit of 2.0% in 2021 to a loss of 4.2% in 2022, largely due to increased diesel costs[21]. - The gross margin for consolidation services fell from a profit of 19.1% in 2021 to a loss of 16.4% in 2022, attributed to decreased customer need for these services[22]. Strategic Initiatives - The company plans to assess the feasibility of obtaining necessary licenses to provide various transportation management services in other Asian countries to enhance shareholder returns[11]. - The company plans to maintain growth in the industry and expand its market share in Singapore, despite uncertainties in global trade economics[49]. - The company has completed the installation of a customized container tracking system and an enterprise resource planning system to strengthen its IT infrastructure[41]. - The company has acquired a new office space of approximately 1,000 square feet in Pioneer Junction to accommodate additional employees[45]. - The company has allocated HKD 2,619,000 for the purchase of a new office to accommodate the growing workforce[45]. Corporate Governance - The company emphasizes the importance of good corporate governance for efficient business management and stakeholder protection[68]. - The company has adopted the trading standards for directors as per GEM Listing Rules, confirming compliance for the year ended December 31, 2022[70]. - The company has a non-competition agreement in place with its controlling shareholders to prevent competition in logistics services in Hong Kong and Singapore[71]. - The company’s board believes it has complied with the corporate governance code from January 1, 2022, to December 31, 2022, except for the separation of roles between the Chairman and CEO[68]. - The board consists of five members, including two executive directors and three independent non-executive directors, with all directors confirming their compliance with the non-competition agreement[76]. Risk Management - The board is responsible for identifying and managing key risks related to financial, operational, and compliance activities, ensuring that major risks are controlled to a reasonable level[116]. - An independent internal control consultant has been engaged to review the company's internal control systems and risk management processes, submitting a report with findings and recommendations[116]. - The board will continue to review the effectiveness of the corporate governance structure to assess the need for separating the roles of chairman and CEO[81]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the fiscal year ending December 31, 2022, focusing on logistics services in Singapore, primarily truck transportation and consolidation services[129]. - The company has established a systematic management approach to assess and manage significant ESG issues, including risk assessments and stakeholder communication[135]. - The ESG committee is responsible for implementing the company's ESG initiatives and policies, with the board of directors ultimately approving the ESG report[130]. - The company has complied with all "comply or explain" provisions of the ESG reporting guidelines set by the Hong Kong Stock Exchange[128]. - The company actively communicates with stakeholders, including government agencies, investors, employees, customers, suppliers, and the community, to enhance ESG performance[136]. Employee Welfare and Safety - The employee turnover rate for the year was 15.48%, which is considered healthy and stable by the governance committee[171]. - The company aims to enhance employee welfare and benefits, including medical and dental benefits, maternity leave, and competitive compensation[177]. - The company has implemented measures to ensure compliance with labor laws and regulations, including those related to discrimination and child labor[176]. - The company reported a workplace injury rate of 0.0055% for the fiscal year 2022, a decrease from 0.0034% in 2021 and 0.0160% in 2020[182]. - The company has not experienced any work-related fatalities in the past three years[180].

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依賴該等內容而引致之任何損失承擔任何責任。 C&N Holdings Limited 春 能 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8430） 截至二零二二年十二月三十一日止年度之 年度業績公告 春能控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二二年十二月三十一日止年度之經審核業 績。本公告載有本公司二零二二年全年業績報告全文，乃符合香港聯合交易所有 限公司GEM證券上市規則（「GEM上市規則」）中有關全年業績初步公告附載資料 之相關要求。 承董事會命 春能控股有限公司 主席 蔡江林 香港，二零二三年三月三十一日 於本公告日期，董事會成員包括執行董事蔡江林先生及馮美娟女士；及獨立非執 行董事張偉健先生、黃淑儀女士及盧雪麗女士。 本公告（各董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司GEM ...