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 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 本 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 本 公 司 任 何 證 券 的 邀 請 或 要 約。 HAO BAI INTERNATIONAL (CAYMAN) LIMITED 浩柏國際（ 開曼）有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：8431） 完成就債務資本化根據一般授權發行新股份 董 事 會 欣 然 宣 佈，該 協 議 所 載 之 所 有 條 件 已 獲 達 成 及 交 割 已 於2024年11月12日 落 實。合 共70,320,000股資本化股份已根據該協議之條款按認購價每股資本化 股 份0.032港 元 成 功 配 發 及 發 行 予 債 權 人。資 本 化 股 份 相 當 於(i)緊接交割前之 本公司已發行股本約19.999%；及(ii)緊隨交割後本公司經配發及發行資本化股 份擴大後之已發行 ...

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 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 HAO BAI INTERNATIONAL (CAYMAN) LIMITED 浩柏國際（ 開曼）有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：8431） 自願公告 策略合作協議 本 公 告 乃 由 浩 柏 國 際（開 曼）有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 自 願 作 出，以 向 本 公 司 股 東（「股 東」）及 潛 在 投 資 者 提 供 有 關 本 集 團 最 新 業 務 發 展 的 消 息。 因 此，董 事 會 認 為 訂 立 策 略 合 作 協 議 符 合 本 公 司 及 股 東 的 整 體 利 益。 策略合作協議 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，本 公 司 近 日 與 江 西 井 柏 勵 飛 科 技 有 限 公 司（「江西井柏」）訂 立 策 略 合 作 ...

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依賴該等內容而引致的任何損失 承 擔 任 何 責 任。 HAO BAI INTERNATIONAL (CAYMAN) LIMITED 浩柏國際（ 開曼）有限公 司 浩 柏 國 際（開 曼）有 限 公 司 執行董事 吳蘊樂 香 港，2024年11月6日 澄清公告 就債務資本化 根據一般授權發行新股份 茲提述本公司日期為2024年11月5日 之 公 告，內 容 有 關 就 債 務 資 本 化 根 據 一 般 授 權 發 行 新 股 份（「該公告」）。除 本 公 告 另 有 界 定 者 外，本 公 告 所 用 詞 彙 與 該 公 告 所 界 定 者 具 相 同 涵 義。 由 於 無 心 之 失 的 筆 誤，本 公 司 謹 此 澄 清 該 公 告 第7頁的債權人C應 為「伍 安 怡 女 士」，而 非「梁 潤 芬 女 士」。 除 上 述 ...

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 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 本 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 本 公 司 任 何 證 券 的 邀 請 或 要 約。 HAO BAI INTERNATIONAL (CAYMAN) LIMITED 浩柏國際（ 開曼）有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：8431） 就債務資本化根據一般授權發行新股份 債務資本化 於2024年11月5日 聯 交 所 交 易 時 段 後，浩 柏 國 際（開 曼）有 限 公 司（「本公司」）與 債 權 人（「債權人」）訂 立 協 議，據 此，待 其 條 件 達 成 後，本 公 司 同 意 配 發 及 發 行，而 債 權 人 有 條 件 同 意 按 每 股0.032港元的價格認購合共70,320,000股資本 化 股 份，以 清 償 部 分 債 務 總 額。 假設本公司已發行股本數目自本公告日期起 ...

HAO BAI INTERNATIONAL (CAYMAN) LIMITED 董事會會議日期 浩柏國際（開曼）有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會 會議將於2024年11月14日（星期四）舉行，以其中包括考慮及批准本公司及其附屬公司截至2024年9 月30日止六個月之未經審核綜合業績及其刊發。 承董事會命 浩柏國際(開曼)有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司（「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，並表明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。 浩柏國際(開曼)有限公司 （ 於開曼群島註冊成立的有限公司） （ 股份代號：8431） 吳蘊樂 香港，2024年11月1日 於本公告日期，執行董事為吳蘊樂先生及王詠紅女士；而獨立非執行董事為李如意先生、袁偉強先生及張曉峯先生。 本公告的資料乃遵照香港聯合交易所有限公司GEM證券上市規則而刊載，旨在提供有關本公司的資料；董事 願就本公告的資料共同及個別地承擔全部責任。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公 告所載資料在各 ...

Financial Performance - For the fiscal year ending March 31, 2024, the total revenue increased by approximately HKD 6,300,000 or 40.3% to about HKD 21,900,000 compared to approximately HKD 15,600,000 for the previous year[10]. - The net loss decreased from approximately HKD 33,200,000 for the year ending March 31, 2023, to approximately HKD 10,500,000 for the year ending March 31, 2024[10]. - The company's total revenue increased by approximately HKD 6,300,000 or 40.3% from about HKD 15,600,000 for the year ended March 31, 2023, to about HKD 21,900,000 for the year ended March 31, 2024[20]. - The contribution of consulting business from China to the overall revenue rose from 13.5% for the year ended March 31, 2023, to 40% for the year ended March 31, 2024[20]. - Gross profit increased by approximately HKD 2,000,000 or 56.1% from about HKD 3,500,000 for the year ended March 31, 2023, to about HKD 5,400,000 for the year ended March 31, 2024[22]. - The gross profit margin improved from approximately 22.3% for the year ended March 31, 2023, to about 24.9% for the year ended March 31, 2024[22]. - Service costs rose by approximately HKD 4,300,000 or 35.8% from about HKD 12,100,000 for the year ended March 31, 2023, to about HKD 16,400,000 for the year ended March 31, 2024[21]. - Administrative expenses decreased by approximately HKD 1,000,000 or 7.8% from about HKD 12,900,000 for the year ended March 31, 2023, to about HKD 11,900,000 for the year ended March 31, 2024[24]. - Financing costs decreased by approximately HKD 30,000 or 6% from about HKD 410,000 for the year ended March 31, 2023, to about HKD 380,000 for the year ended March 31, 2024[25]. Business Strategy and Operations - The company plans to adopt a cautious approach to business development in the next 12 months, focusing on monitoring market trends and adjusting strategies accordingly[11]. - The company has implemented several cost-cutting measures to enhance operational efficiency during the past year[10]. - The company continues to strengthen relationships with clients, subcontractors, suppliers, and business partners to effectively meet their needs[10]. - The company acknowledges that inflationary pressures and financing costs will be significant concerns for the upcoming year due to reliance on capital leverage[11]. - The company has maintained a robust business strategy and strict operational controls despite market challenges[10]. - The company aims to continue seeking business and investment opportunities in Hong Kong and China while implementing cost-saving measures[18]. - The board remains optimistic about the medium to long-term business prospects in Hong Kong and China despite recent financial performance challenges[18]. Corporate Governance - The company has adopted and complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix C1, with some deviations noted[53]. - The board is committed to enhancing corporate governance practices to ensure compliance with new governance codes and align with the latest developments[55]. - The company has appointed four independent non-executive directors, meeting the requirement of at least one with appropriate professional qualifications and expertise in accounting or related financial management[60]. - The board will continue to review and enhance its diversity policy to ensure its ongoing effectiveness[67]. - The company has taken sufficient measures to ensure absent directors are informed of shareholder opinions following the annual general meeting[54]. - The management team is authorized by the board to execute daily management and administrative matters, with regular updates provided to the board[55]. - The board consists of a diverse group of directors with different educational backgrounds and professional experiences as of March 31, 2024[183]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee[81]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the group's performance, risks, strategies, measures, and commitments during the reporting period from April 1, 2023, to March 31, 2024[120]. - The governance framework for ESG issues is structured from the top down, ensuring alignment with strategic growth and promoting the integration of ESG elements into business operations[123]. - The board of directors is ultimately responsible for the group's ESG strategy and reporting, regularly reviewing and confirming related risks and opportunities[123]. - The ESG working group, composed of representatives from various departments, is responsible for collecting and analyzing ESG data and ensuring compliance with relevant laws and regulations[124]. - The group aims to invest more resources in sustainability, focusing on resource efficiency and carbon reduction to protect the environment[128]. - The group has maintained strict standards in environmental, social, and governance (ESG) goals as of the fiscal year ending March 31, 2024[135]. - The group emphasizes the importance of stakeholder engagement, with various communication channels established for shareholders, customers, employees, and suppliers[137]. - The group is committed to reducing its operational impact on the environment and adhering to relevant environmental protection laws and industry regulations[139]. Employee and Workplace Policies - Employee costs, including director remuneration, were approximately HKD 4.1 million for the year ended March 31, 2024, compared to HKD 3.8 million in 2023[50]. - The company promotes a culture of inclusivity and diversity, ensuring equal opportunities and zero tolerance for discrimination in the workplace[181]. - The company emphasizes employee communication and corporate culture, organizing various activities to enhance employee engagement and belonging[184]. - A total of 11 employees received 88 hours of training during the reporting year, with a training participation rate of 100%[191]. - The average training hours for male employees were 8 hours, while female employees also received 8 hours of training, with senior management receiving an average of 64 hours[191]. - The company plans to continue investing more resources in employee training and development to keep staff updated on market changes and demands[192]. - The company strictly adheres to labor laws and has not experienced any major labor disputes or incidents related to employee injuries in the past 12 months[193]. - The company prohibits the hiring of child labor and forced labor, ensuring compliance with relevant laws during the hiring process[194]. Supply Chain Management - The supply chain management focuses on procurement and purchasing, ensuring transparency and fairness in all procurement processes[198]. - Suppliers are evaluated regularly to ensure compliance with legal standards and product quality, with a preference for those sharing similar ethical standards[198]. - Procurement principles follow established trade practices and industry standards, inviting multiple bidders based on contract value and technical requirements[199]. - The company incorporates green product and environmental terms into contracts, emphasizing sustainability in supplier selection[199]. - A list of approved subcontractors is maintained, ensuring they meet quality control tests and have a good track record for timely delivery[199].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 421.884 million, a significant increase from HKD 155.96 million in the previous year, representing a growth of approximately 170%[6] - The gross profit for the same period was HKD 5.446 million, up from HKD 3.487 million, indicating a gross margin improvement[6] - The company recorded a loss before tax of HKD 10.026 million, which is an improvement compared to a loss of HKD 33.163 million in the previous year, reflecting a reduction of approximately 70%[6] - The company reported a basic loss per share of HKD 4 cents, improved from HKD 20 cents in the previous year[6] - The company recorded a consolidated loss after tax of approximately HKD 10,526,000 for the year ending March 31, 2024[17] - The group reported a loss before tax of HKD 10,026,000 for the year ended March 31, 2024, compared to a loss of HKD 33,163,000 in the previous year, indicating an improvement in financial performance[21] - The group’s net loss decreased from approximately HKD 33,200,000 for the year ended March 31, 2023, to about HKD 10,500,000 for the year ended March 31, 2024[49] Assets and Liabilities - The total assets increased to HKD 107.168 million from HKD 84.138 million, marking a growth of about 27% year-over-year[7] - Current assets rose to HKD 99.312 million, compared to HKD 76.038 million in the previous year, indicating a growth of approximately 30%[7] - The total liabilities increased to HKD 95.778 million from HKD 83.252 million, reflecting a rise of approximately 15%[7] - The company's net asset value improved to HKD 11.390 million from HKD 0.886 million, showcasing a substantial increase[8] - The company's total liabilities and equity were approximately HKD 95,800,000 and HKD 11,400,000 respectively as of March 31, 2024, compared to HKD 83,300,000 and HKD 800,000 as of March 31, 2023[65] - The current ratio improved to approximately 1.04 times as of March 31, 2024, compared to approximately 0.91 times as of March 31, 2023[65] Revenue Sources - Revenue from construction management services decreased to HKD 13,089,000 in 2024 from HKD 13,496,000 in 2023, a decline of 3.0%[27] - Revenue from consulting services significantly increased to HKD 8,795,000 in 2024 from HKD 2,100,000 in 2023, marking a growth of 318.8%[27] - The contribution of consulting business in China to total revenue rose from 13.5% last year to 40% this year[52] Cost Management - The company is focusing on reducing administrative expenses, which decreased to HKD 11.919 million from HKD 12.930 million, a reduction of about 8%[6] - Service costs increased by approximately HKD 4,300,000 or 35.8% to about HKD 16,400,000 for the year ended March 31, 2024, compared to approximately HKD 12,100,000 for the previous year[55] - Administrative expenses decreased by approximately HKD 1,000,000 or 7.8% to about HKD 11,900,000 for the year ended March 31, 2024, down from approximately HKD 12,900,000[58] Future Plans and Strategies - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[6] - The group plans to enhance operational efficiency through cost control measures to improve profitability and future cash flow[20] - The company plans to expand its business in China, investing in construction projects and enhancing its management contracting and consulting services[81] - The company plans to raise funds through a rights issue, which is expected to provide necessary financial resources to support its strategic objectives in China and other regions[82] Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and presented in Hong Kong dollars (HKD)[12] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on the financial statements[15] - The company emphasizes the importance of good corporate governance and has adopted all applicable corporate governance codes as of March 31, 2024[87] Risks and Uncertainties - There is significant uncertainty regarding the company's ability to continue as a going concern due to current cash levels not being sufficient to settle all current liabilities[17] - The group identified major risks and uncertainties affecting financial performance, including reliance on project-based income and irregular revenue generation[94] - The group’s ability to undertake projects is contingent on available human and other resources, with large projects consuming significant resources and potentially impacting overall performance[94] Shareholder Information - The board did not declare or propose any dividends for the years ended March 31, 2024, and March 31, 2023[64] - At least 25% of the company's issued share capital is held by the public as of the end of the financial year on March 31, 2024[92] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the financial year ending March 31, 2024[90]

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 13,019,000, a decrease of 8.7% compared to HKD 14,257,000 for the same period in 2022[4] - The cost of services for the six months ended September 30, 2023, was HKD 11,379,000, which is an increase of 77.5% from HKD 6,390,000 in the previous year[4] - The company recorded a gross profit of HKD 1,640,000 for the six months ended September 30, 2023, down 79.2% from HKD 7,867,000 in 2022[4] - Administrative expenses increased significantly to HKD 13,857,000 for the six months ended September 30, 2023, compared to HKD 7,806,000 in the same period last year, representing a 77.5% increase[4] - The company reported a loss before tax of HKD 10,484,000 for the six months ended September 30, 2023, compared to a loss of HKD 108,000 in the previous year[4] - The net loss attributable to owners of the company for the six months ended September 30, 2023, was HKD 10,755,000, compared to a profit of HKD 680,000 in the same period of 2022[5] - For the three months ended September 30, 2023, the company reported a loss attributable to owners of the company of HKD 12,024,000, compared to a profit of HKD 680,000 for the same period in 2022[30] - Net loss increased from approximately HKD 100,000 for the six months ended September 30, 2022, to about HKD 10,500,000 for the same period in 2023[60] Assets and Liabilities - As of September 30, 2023, total assets amounted to HKD 97,836,000, an increase from HKD 76,038,000 as of March 31, 2023[7] - The company's net asset value increased to HKD 20,101,000 as of September 30, 2023, compared to HKD 886,000 as of March 31, 2023[8] - The company’s total liabilities increased to HKD 59,175,000 as of September 30, 2023, from HKD 55,001,000 as of March 31, 2023, indicating a rise of approximately 3.9%[41] - Trade receivables as of September 30, 2023, were HKD 11,369,000, down 54.6% from HKD 25,102,000 as of March 31, 2023[37] - Contract assets as of September 30, 2023, totaled HKD 67,460,000, an increase of 12.6% from HKD 59,928,000 at the beginning of the year[33] - The total contract liabilities remained unchanged at HKD (20,615,000) as of September 30, 2023[35] Cash Flow - The company reported a net cash outflow from operating activities of HKD (12,139) thousand, compared to a net inflow of HKD 1,692 thousand in the same period of 2022[12] - The company’s cash and cash equivalents increased significantly to HKD 16,996,000 as of September 30, 2023, from HKD 248,000 as of March 31, 2023[7] - The company had a cash balance of HKD 16,890 thousand at the end of the reporting period, compared to a negative balance of HKD (1,420) thousand at the end of the same period in 2022[12] - Cash and cash equivalents increased by HKD 17,574 thousand for the six months ended September 30, 2023, compared to a decrease of HKD (374) thousand in the same period of 2022[12] Share Capital and Financing - The company issued new shares through a rights issue, raising HKD 9,767,000 during the reporting period[10] - The company issued 97,670,000 new shares in a rights issue, increasing total issued shares to 293,010,000 as of September 30, 2023, compared to 195,340,000 as of March 31, 2023[45] - The company raised approximately HKD 18.33 million from the rights issue on September 8, 2023, with plans to utilize these funds for overdue trade payables and business expansion in China[91] - As of September 30, 2023, HKD 2.23 million of the rights issue proceeds had been used, with HKD 16.10 million remaining unutilized[93] - The board has decided to reallocate the unutilized net proceeds from the share placement due to the challenging external business and political environment[88] Operational Challenges and Strategies - The company is facing challenges such as high labor costs and skilled labor shortages, which may impact financial performance in the next six months[50] - The company is committed to regularly reviewing its existing business and seeking potential business and investment opportunities to expand its revenue sources[50] - The company has not disclosed any new strategies or market expansions in the current report[81] - The company faces risks related to project-based revenue generation, which may be affected by contract terms and project efficiency[96] Corporate Governance - The company has adopted a code of conduct for directors' securities trading, adhering to GEM listing rules[99] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period, ensuring proper regulation of business activities and decision-making processes[102] - The Audit Committee has reviewed the unaudited consolidated results for the six months ended September 30, 2023, and confirmed that they were prepared in accordance with applicable accounting standards and GEM Listing Rules[104] - The company has not identified any business or interests from directors or controlling shareholders that may compete with its operations as of September 30, 2023[103] Employee Costs - Total employee costs for the six months ended September 30, 2023, amounted to HKD 1,532,000, a decrease of 42.6% from HKD 2,660,000 in the same period of 2022[26] - The company employed 11 staff members as of September 30, 2023, with total employee costs of approximately HKD 1,500,000 for the six months ended September 30, 2023, down from approximately HKD 2,700,000 for the same period in 2022[75] Other Income and Expenses - Other income increased from zero to approximately HKD 1,900,000 for the six months ended September 30, 2023[56] - The financing costs for the six months ended September 30, 2023, were HKD (126) thousand, a decrease from HKD (169) thousand in the same period of 2022[22] - The company did not declare or recommend any dividends for the six months ended September 30, 2023, consistent with the same period in 2022[28]

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，並表明概不就因本 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。 HAO BAI INTERNATIONAL (CAYMAN) LIMITED 浩 柏 國 際（ 開 曼 ）有 限 公司 （於開曼群島註冊成立的有限公司） （股份代號：8431） 截 至2023年9月30日 止 六 個 月 之 中 期 業 績 公 告 本公司董事（「董事」）會（「董事會」）謹此公佈本集團截至2023年9月30日止六個月 的中期業績。本公告載有本公司2023年中期報告（「中期報告」）全文，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」）有關中期業績初步 公告附載之相關資料要求。載有GEM上市規則規定資料的中期報告的印刷版 本將於適當時候寄發予本公司股東。 承董事會命 浩柏國際（開曼）有限公司 行政總裁及執行董事 舒中文 香港，2023年11月14日 於本公告日期，執行董事為汪倫先生、舒中文先生、王詠紅女士、吳蘊樂先生 及汪興亮先生；非執行董事為陳曉丹女士；而獨立 ...

Financial Performance - The group reported revenue of HKD 6,953,000 for the three months ended June 30, 2023, a decrease of 8.7% compared to HKD 7,618,000 in the same period of 2022[4]. - Gross profit for the same period was HKD 1,419,000, down 57.5% from HKD 3,327,000 year-over-year[4]. - The group achieved a profit before tax of HKD 1,540,000, compared to a loss of HKD 819,000 in the previous year[4]. - Basic and diluted earnings per share were HKD 0.08, a recovery from a loss of HKD 0.05 per share in the prior year[4]. - The total comprehensive income for the period was HKD 1,540,000, a significant turnaround from a loss of HKD 819,000 in the previous year[4]. - The group recorded a profit of HKD 1,466,000 for the three months ended June 30, 2023, compared to a loss of HKD 819,000 in the same period of 2022[21]. - The net profit for the three months ended June 30, 2023, was approximately HKD 1,540,000, compared to a net loss of approximately HKD 820,000 for the same period in 2022[35]. Revenue Sources - The construction management services in Hong Kong generated revenue of HKD 4,435,000, up 33.2% from HKD 3,332,000 in 2022, while revenue from mainland China decreased by 41.2% to HKD 2,518,000 from HKD 4,286,000[15]. - Other income increased to HKD 1,990,000, compared to no other income reported in the same period last year[4]. - Other income related to policy refunds amounted to HKD 1,900,000 for the three months ended June 30, 2023[31]. Expenses and Costs - Administrative expenses decreased to HKD 1,818,000 from HKD 4,060,000, reflecting a reduction of 55.2%[4]. - Service costs increased by approximately HKD 1,200,000 or 28.97% to about HKD 5,500,000 for the three months ended June 30, 2023, from approximately HKD 4,300,000 for the same period in 2022[28]. - Gross margin fell from approximately 43.67% for the three months ended June 30, 2022, to about 20.41% for the same period in 2023[30]. - Financing costs decreased by approximately HKD 30,000 or 40.70% to about HKD 50,000 for the three months ended June 30, 2023, from approximately HKD 80,000 for the same period in 2022[33]. Equity and Financing - The group’s total equity as of June 30, 2023, was HKD 2,284,000, up from HKD 886,000 at the beginning of the period[5]. - The company issued new shares worth HKD 2,600,000 during the quarter, contributing to the increase in total equity[5]. - The company plans to raise up to HKD 19,534,000 through a rights issue at a subscription price of HKD 0.20 per share, issuing a maximum of 97,670,000 shares[5]. - The group is in discussions with banks for the renewal of financing arrangements, with no indication of banks withdrawing financing or demanding early repayment[5]. Operational Challenges and Strategies - The group continues to face challenges such as high labor costs and skilled labor shortages, which may impact financial performance in the next nine months[23]. - The company is committed to improving operational efficiency and cash flow by tightening cost controls on certain operating expenses[5]. - The group will continue to monitor and manage its operating expenses closely to enhance cash flow and operational performance[5]. - The group is actively seeking potential business and investment opportunities to expand its revenue sources, particularly in the Greater Bay Area[24]. Corporate Governance - The company emphasizes the importance of sound corporate governance for long-term success and has adhered to the corporate governance code during the reporting period[50]. - The audit committee has reviewed the unaudited consolidated results for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[53]. - The company has adopted a code of conduct for securities trading by directors, with no violations reported during the reporting period[49]. Miscellaneous - The board has not declared any dividends for the three months ended June 30, 2023, consistent with the same period in 2022[20]. - No significant contingent liabilities were reported as of June 30, 2023[37]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ended June 30, 2023[48]. - No business or interests of directors or controlling shareholders were reported to be in competition with the company during the three months ended June 30, 2023[51]. - The company acknowledges the support of customers, contractors, business partners, and shareholders in its development[54]. - The executive directors as of the report date include Mr. Wang Lun, Mr. Shu Zhongwen, Ms. Wang Yonghong, Mr. Wu Yunle, and Mr. Wang Xingliang[55].