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].

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6月30日 止 三 個 月 之 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。有意投資者應了解投資於該等公司的潛 在風險，並應經過審慎周詳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，於GEM買賣的證券可能會較於聯交所 主板買賣的證券承受較大的市場波動風險，同時無法保證於GEM買賣的證券 會有高流通量的市場。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關浩柏國際（開曼）有限公司（「本公司」）及其附屬公司（統稱「 ...

Financial Performance - For the fiscal year ending March 31, 2023, the total revenue increased by approximately HKD 9,100,000 or 241.5% to about HKD 15,600,000 compared to approximately HKD 6,500,000 for the fiscal year ending March 31, 2022[10]. - The net loss increased from approximately HKD 30,400,000 for the fiscal year ending March 31, 2022, to approximately HKD 33,200,000 for the fiscal year ending March 31, 2023, due to additional write-offs and provisions related to construction management services[10]. - The company's total revenue increased by approximately HKD 9,100,000 or 241.5% to about HKD 15,600,000 for the year ended March 31, 2023, compared to approximately HKD 6,500,000 for the previous year[20]. - The service costs rose by approximately HKD 7,300,000 or 250% to about HKD 12,100,000 for the year ended March 31, 2023, from approximately HKD 4,800,000 in the prior year[21]. - The gross profit increased by approximately HKD 1,900,000 or 215.9% to about HKD 3,500,000 for the year ended March 31, 2023, while the gross margin decreased from approximately 25% to about 22.3%[22]. - The net loss for the year ended March 31, 2023, was approximately HKD 33,200,000, compared to a net loss of approximately HKD 30,400,000 for the year ended March 31, 2022[28]. - Administrative expenses increased by approximately HKD 4,800,000 or 15.1% to about HKD 36,300,000 for the year ended March 31, 2023, due to additional write-offs related to contract assets and significant contract costs[24]. - Financing costs decreased by approximately HKD 310,000 or 57% to about HKD 410,000 for the year ended March 31, 2023, primarily due to the repayment of several loans[26]. Strategic Focus and Outlook - The company continues to focus on improving operational efficiency and implementing cost-cutting measures in response to ongoing challenges in the market[9]. - The company plans to actively explore fundraising activities to strengthen its balance sheet, as mentioned in announcements dated April 11, 2022, and January 12, 2023[9]. - The company expresses confidence in the long-term development despite anticipated global economic volatility and challenges[11]. - The company expects that many countries will adopt flexible monetary policies and fiscal stimulus measures to provide liquidity in response to economic downturns[11]. - The company remains optimistic about the medium to long-term recovery of the Chinese market, anticipating continued support from the central government through monetary policy and fiscal stimulus[11]. - The company anticipates confirming revenue of over HKD 12,000,000 from four construction management projects in Hong Kong within the next 18 to 24 months[14]. - The company plans to raise approximately HKD 18,420,000 through a rights issue to improve its financial position[14]. - The company aims to optimize its existing business and improve operational efficiency while exploring potential projects and investment opportunities in Hong Kong and China[13]. - The management remains optimistic about the medium to long-term business prospects in Hong Kong and Macau despite recent financial performance challenges[18]. Corporate Governance - The company has adhered to the corporate governance code as per the GEM Listing Rules during the reporting period ending March 31, 2023[52]. - The board consists of ten directors, including five executive directors, one non-executive director, and four independent non-executive directors[58]. - The roles of the chairman and the CEO have been separated since December 23, 2022, with Mr. Wang Lun as chairman and Mr. Shu Zhongwen as CEO[53]. - The company has implemented sufficient measures to ensure absent directors are informed of shareholder opinions following the annual general meeting held on September 30, 2022[54]. - The company has appointed independent non-executive directors, ensuring at least one possesses appropriate professional qualifications and expertise in accounting or related financial management[60]. - The board is responsible for reviewing and supervising the training and continuous professional development of directors and senior management[57]. - The company has committed to enhancing its corporate governance practices to align with the latest developments[57]. - The company has reported compliance with all applicable provisions of the corporate governance code during the reporting period[55]. - The company has undergone several changes in its board composition, including the appointment and resignation of various directors throughout the reporting period[61]. - The company aims to maintain high standards of corporate governance to ensure competitiveness and sustainable development[57]. - The board consists of 7 male directors and 3 female directors, achieving a gender diversity ratio of 70% male and 30% female as of March 31, 2023[68]. - The company has implemented measurable goals for board diversity, all of which were achieved by the end of the fiscal year on March 31, 2023[69]. - The board held five meetings during the fiscal year ending March 31, 2023, to approve financial performance and review corporate governance compliance[72]. - The company has renewed service agreements with two executive directors for a period of three years from May 26, 2023, to May 25, 2026[75]. Employee and Workplace Practices - The employee gender ratio stands at 63.6% male and 36.4% female, reflecting the company's commitment to diversity in hiring practices[68]. - The board diversity policy was revised in December 2018 to ensure a balanced composition that supports business strategy execution[67]. - The company emphasizes merit-based recruitment while considering measurable factors such as gender, age, and cultural background[68]. - The board has established a framework for regular reviews of its diversity policy to ensure ongoing effectiveness[67]. - The board of directors will be re-elected at the upcoming annual general meeting, with five directors eligible for re-election[76]. - The audit committee held five meetings during the year ending March 31, 2023, to review financial performance and compliance with governance codes[82]. - The remuneration committee convened once during the year to review the remuneration structure for directors[83]. - The nomination committee assessed the independence of non-executive directors and reviewed the board's structure and composition[88]. - The company has adopted a nomination policy to enhance the nomination process and guide the selection of board members[87]. - The company emphasizes continuous professional development for directors, ensuring they stay updated on business and regulatory matters[78]. - The audit committee is responsible for advising on the appointment and removal of external auditors and reviewing financial statements[81]. - The remuneration committee's main role is to provide recommendations on the overall remuneration policy for directors and senior management[83]. - The company has confirmed no violations of the securities trading code by directors for the year ending March 31, 2023[77]. - The company is committed to maintaining high standards of corporate governance and compliance with GEM listing rules[80]. - The company appointed Mr. Li Guanxian as CFO and company secretary on July 5, 2021, with a background in major accounting firms and banks[89]. - The audit committee reviewed the audited consolidated financial statements for the year ended March 31, 2023, and recommended their approval to the board[99]. - The external auditor, Zhongzheng Tianheng, was recommended for reappointment at the upcoming annual general meeting[99]. - The company reported audit fees of HKD 400,000 for the fiscal year 2023, an increase from HKD 360,000 in fiscal year 2022[100]. - The company emphasizes the importance of effective internal controls and risk management to protect shareholder interests[93]. - The company has established a dividend policy aimed at providing stable and sustainable returns to shareholders[97]. - The next annual general meeting is scheduled for September 29, 2023, with a notice to be sent at least 20 business days in advance[101]. - The company has implemented a shareholder communication policy to facilitate two-way communication with shareholders[103]. Environmental, Social, and Governance (ESG) Practices - The company has established a governance framework for environmental, social, and governance (ESG) issues, ensuring alignment with strategic growth and promoting integration into business operations[119]. - The board of directors is responsible for overseeing the company's ESG strategies and reports, managing related risks, and ensuring compliance with relevant laws and regulations[120]. - The company emphasizes the importance of effective operational management and setting achievable goals to address environmental protection risks and opportunities[117]. - The company has adopted a whistleblowing policy to provide a confidential reporting channel for employees and external parties regarding financial reporting and misconduct[110]. - The company has implemented an anti-corruption policy, ensuring that all employees act with integrity and report any suspected bribery or corruption[112]. - The company maintains ongoing communication with shareholders through various channels, including annual general meetings and regular announcements[109]. - The company is committed to enhancing its sustainability performance in areas such as labor practices, environmental protection, and supply chain management[118]. - The company has a structured approach to collecting and analyzing ESG data, prioritizing issues, and monitoring performance against set goals and indicators[120]. - The group aims to invest more resources in sustainability, focusing on resource efficiency and carbon reduction to protect the planet[124]. - The group emphasizes the importance of stakeholder communication, engaging with shareholders, customers, employees, and regulatory bodies to align on environmental, social, and governance (ESG) issues[131]. - The group has identified key ESG issues, with high importance placed on workplace safety and product quality, while issues like waste management and child labor are considered of lower significance[133]. - The group adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring compliance and transparency in its operations[125]. - The group is committed to reducing its environmental impact and has implemented policies to ensure sustainable and eco-friendly operations in its construction and management services[134]. - The group has established effective management policies and internal controls for ESG issues, confirming that disclosed content meets reporting guidelines[133]. - The group recognizes the need for a quality work environment and prioritizes employee health and safety in its operations[124]. - The group maintains a focus on fair procurement practices and promoting environmentally friendly products within its supply chain[133]. - The group has a structured approach to stakeholder engagement, utilizing various communication channels to address concerns and expectations[131]. - The group is dedicated to continuous improvement in its ESG performance, aiming to create greater value for the community[131]. Environmental Impact and Compliance - Scope 2 indirect emissions (electricity) increased by 20.6% from 15.70 tons to 18.94 tons[136]. - Total emissions rose by 20.6% from 15.73 tons to 18.97 tons[136]. - The company has implemented clear division of responsibilities among departments for environmental control and monitoring energy consumption[135]. - No significant violations of environmental laws and regulations were reported during the reporting period[138]. - The company has established a waste management hierarchy to prioritize avoidance, reduction, recycling, and proper disposal of construction waste[143]. - Measures have been taken to minimize greenhouse gas emissions during construction activities, including dust control and proper waste management[139]. - The company actively monitors noise levels during construction to comply with local regulations and has not received any public complaints[142]. - Wastewater generated during construction is collected, filtered, and reused on-site, adhering to local pollution control regulations[144]. - The company encourages employees to reduce water usage and waste generation in the office[146]. - The company believes it has fulfilled its responsibilities towards social and environmental improvement through strict measures and implementation[147]. - The Hong Kong office consumed 43,000 kWh of electricity during the reporting period, slightly higher than the previous period due to increased project work[151]. - Water consumption in the office totaled 33 cubic meters, up from 30 cubic meters in the previous year, highlighting the company's commitment to responsible water usage[151]. - The company encourages employees to minimize paper usage by utilizing electronic methods and recycled paper, reflecting its commitment to sustainability[152]. - The company actively monitors and manages waste emissions, wastewater, and solid waste to comply with environmental laws and regulations[155]. - The company has developed a climate change policy and conducted assessments to identify and mitigate potential climate-related risks affecting its operations[159]. - The company is aware of the increasing frequency and severity of extreme weather events, which may disrupt construction projects and operations[159]. - The company regularly monitors existing and emerging trends, policies, and regulations related to climate change to mitigate legal and reputational risks[162]. - The company aims to enhance transparency in its environmental, social, and governance reporting to build trust with investors and clients[163]. - The company is exploring the development of more green building services to attract investors and clients focused on climate change[163]. Employee Development and Training - As of March 31, 2023, the total number of employees remained stable at 11, with a gender ratio of 1:2.75, an increase of 200% compared to the previous year[169]. - The number of office employees, including executive directors and senior management, increased by 16.7% from 6 to 7[169]. - Employee performance evaluation and promotion systems are in place to ensure fair opportunities for all employees[167]. - The company adheres to the Employment Ordinance and Employee Compensation Ordinance, ensuring all employees receive various benefits without any employment disputes[171]. - The company has not reported any significant health and safety violations in the past year, maintaining a goal of zero injuries and fatalities[175]. - The company actively supports employee development by funding participation in relevant internal and external training programs[176]. - The company emphasizes a diverse and inclusive workplace, with a commitment to preventing discrimination and harassment[172]. - The employee recruitment process is based on operational needs and business growth, ensuring a fair selection process[167]. - The company has implemented measures to enhance employee health and safety, including regular safety audits and health awareness activities[175]. - The management structure remains stable, indicating a phase of seeking potential business growth opportunities[169]. - The company provided training for 11 employees during the reporting period, totaling 80 hours, compared to 41 hours for the previous fiscal year[179]. - The percentage of employees receiving training increased to 90.9% from 81.8% in the previous fiscal year[179]. - Training hours by employee level: general staff received 8 hours, middle management 16 hours, and senior management 56 hours[179]. - The company plans to continue investing more resources in employee training and development to keep staff updated on market changes and demands[180]. - There were no significant safety issues or major labor disputes reported during the past 12 months[181]. Supplier and Product Quality Management - The company evaluated approximately 60 key suppliers and subcontractors, slightly decreasing from the previous year[188]. - The company ensures that suppliers meet required standards, including financial stability and social responsibility[188]. - No major issues or supply shortages were reported from suppliers during the reporting period[188]. - The company adheres strictly to relevant laws and regulations to provide high-quality services[189]. - The company maintains a transparent procurement process and regularly assesses suppliers to ensure compliance with ethical standards[185]. - The final products of the group are completed water circulation systems, which are subject to strict government regulation and independent oversight during planning, design, and construction phases[190]. - The group emphasizes high product quality and consistency as crucial for maintaining professionalism and expanding market share[190]. - There were no quality claims against the group's products and services that adversely affected the business during the reporting period[192]. - The group has not faced any intellectual property infringement cases during the reporting period[194]. - The group has implemented policies to ensure the confidentiality and protection of sensitive data related to projects and business partners[195]. - There were no significant customer complaints or government investigations that could negatively impact the business during the reporting period[196]. - The group has maintained compliance with safety, health, and fire regulations, with no safety issues reported by the Hong Kong Fire Services Department[199]. - The group adopts a zero-tolerance policy towards bribery, extortion, fraud, and money laundering, with no corruption complaints reported during the reporting period[200].

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3月31日 止 年 度 之 年 度 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3月31日止年度的 年度業績。本公告載有本公司2022/23年年度報告（「年報」）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」）有關年度業績初步公告 附載之相關資料要求。載有GEM上市規則規定資料的年報的印刷版本將於適 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6月30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；而獨立非執行董事 ...

Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 6,671,000, a significant increase from HKD 285,000 in the same period of 2021, representing a growth of 2,241%[4] - Gross profit for the three months ended December 31, 2022, was HKD 2,870,000, compared to HKD 16,000 in the same period of 2021, indicating a substantial increase in profitability[4] - The total loss for the three months ended December 31, 2022, was HKD 5,330,000, compared to a loss of HKD 3,370,000 in the same period of 2021, reflecting a deterioration in financial performance[4] - For the nine months ended December 31, 2022, revenue reached HKD 20,928,000, up from HKD 5,681,000 in the same period of 2021, marking an increase of 269%[4] - The total loss for the nine months ended December 31, 2022, was HKD 5,438,000, compared to a loss of HKD 6,798,000 in the same period of 2021, showing an improvement in loss reduction[4] - The company reported a basic and diluted loss per share of HKD 0.33 for the nine months ended December 31, 2022, compared to HKD 0.52 for the same period in 2021, indicating a reduction in loss per share[4] - Total revenue increased by approximately 368.4% from about HKD 5,700,000 for the nine months ended December 31, 2021, to about HKD 20,900,000 for the nine months ended December 31, 2022[25] - Net loss for the nine months ended December 31, 2022, was approximately HKD 5,400,000, compared to a net loss of approximately HKD 6,800,000 for the nine months ended December 31, 2021[33] Expenses and Costs - The company’s administrative expenses for the three months ended December 31, 2022, were HKD 8,487,000, compared to HKD 3,313,000 in the same period of 2021, reflecting increased operational costs[4] - Service costs rose by approximately 357.3% from about HKD 2,850,000 for the nine months ended December 31, 2021, to about HKD 10,200,000 for the nine months ended December 31, 2022[26] - Administrative expenses increased by approximately 175.3% from about HKD 9,300,000 for the nine months ended December 31, 2021, to about HKD 16,300,000 for the nine months ended December 31, 2022[30] - Financing costs decreased to HKD 58,000 for the three months ended December 31, 2022, from HKD 73,000 in the same period of 2021, indicating improved cost management[4] - Financing costs decreased by approximately 55.9% from about HKD 400,000 for the nine months ended December 31, 2021, to about HKD 220,000 for the nine months ended December 31, 2022[31] Equity and Assets - The company’s total equity as of December 31, 2022, was HKD 16,010,000, down from HKD 40,700,000 as of December 31, 2021, indicating a decline in net assets[6] Revenue Recognition - The company generated all its revenue from customer contracts as defined by HKFRS 15, confirming a stable revenue recognition model[14] Future Outlook - The company forecasts revenue of approximately HKD 20,000,000 from four construction management projects in Hong Kong over the next 18 months[21] - The company plans to expand its business into the Greater Bay Area and continue participating in tenders from various construction or property development companies in Hong Kong[21] Shareholder Information - As of December 31, 2022, major shareholders include Harmony Asia with 632,390,000 shares (38.80%) and Song Chenglei with 260,000,000 shares (15.95%)[42] - A total of 13,000,000 share options were exercised at a price of HKD 0.0342 on November 18, 2022[43] Corporate Governance - The company has complied with all applicable provisions of the corporate governance code during the reporting period[62] - The audit committee reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[66] - The company emphasizes the importance of sound corporate governance for long-term success and sustainable development[59] - The audit committee was composed of three independent non-executive directors until December 23, 2022, when Ms. Yuan Huimin took over as the chair[64] Management Changes - Changes in the board of directors included the appointment of Shu Zhongwen as CEO and executive director effective December 1, 2022[52] - The company appointed Ms. Yuan Huimin as the independent non-executive director and member of the nomination committee effective from December 13, 2022[54] - Mr. Wang Yonghong resigned as the chairman of the board and the nomination committee, effective from December 23, 2022, but continues as an executive director[54] - Mr. Wang Lun was appointed as the chairman of the board effective from December 23, 2022[56] Other Information - The company has fully utilized the net proceeds of approximately HKD 38,000,000 from its IPO for the intended purposes as of December 31, 2022[45] - No dividends were declared or proposed for the nine months ended December 31, 2022, and 2021[35] - No purchases, sales, or redemptions of the company's listed securities occurred during the nine months ended December 31, 2022[46] - The company adopted a code of conduct for securities trading by directors, with no violations reported during the reporting period[47] - The board is not aware of any significant events after December 31, 2022, that would impact the group's operations and financial performance[37] - The company expresses gratitude to customers, subcontractors, business partners, and shareholders for their continued support[67] - The management team and employees are acknowledged for their valuable contributions to the company's development[67] - The report is dated February 14, 2023, and lists the current executive and non-executive directors[68]