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。 Takbo Group Holdings Limited 德 寶 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8436） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 德寶集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月的未經審 核綜合業績。本公告載列本集團二零二三年中期報告全文，並符合香港聯合交 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隨 附資料的相關規定。本公司二零二三年中期報告的印刷版本載有GEM上市規 則規定的資料，並將適時寄發予股東。 本 公 司 的 二 零 二 三 年 中 期 業 績 公 告 刊 登 於 香 港 聯 合 交 易 所 有 限 公 司 網 站 http://www.hkexne ...

Financial Performance - The group's revenue for the three months ended March 31, 2023, was approximately HKD 13.8 million, a decrease of about 45.6% compared to HKD 25.3 million for the same period in 2022[8]. - Gross profit for the same period was approximately HKD 4.7 million, down approximately 45.4% from HKD 8.6 million in the previous year[9]. - The gross profit margin slightly increased from approximately 34.1% in the previous period to about 34.2% in the current period[10]. - Loss attributable to equity holders for the current period was approximately HKD 3.9 million, compared to a loss of about HKD 1.6 million in the prior period[11]. - Basic and diluted loss per share for the current period was approximately HKD 0.99, compared to HKD 0.39 in the previous period[12]. - Operating loss for the current period was approximately HKD 4.7 million, compared to HKD 1.7 million in the prior period[15]. - The total comprehensive loss attributable to equity holders for the current period was approximately HKD 2.79 million, compared to HKD 1.08 million in the previous period[17]. - For the three months ended March 31, 2023, total revenue was HKD 13,765,000, a decrease of 45.5% compared to HKD 25,290,000 for the same period in 2022[29]. Sales Performance - Sales of beauty products, including cosmetics and other products, amounted to HKD 10,849,000, down 29.5% from HKD 15,462,000 in the previous year[29]. - Hand sanitizer sales dropped significantly to HKD 283,000 from HKD 5,358,000, representing a decline of 94.7%[29]. - Sales of cosmetic bags were HKD 2,633,000, a decrease of 41.2% compared to HKD 4,470,000 in the same period last year[29]. Income and Expenses - Other income for the current period was HKD 10, a significant decrease from HKD 100 in the previous period[15]. - The company reported a net foreign exchange gain of HKD 72,000, compared to a loss of HKD 45,000 in the same period last year[31]. - Depreciation of property, plant, and equipment was HKD 387,000, down 75.8% from HKD 1,596,000 in the previous year[33]. - Administrative expenses increased slightly by about HKD 0.2 million or approximately 3% to about HKD 7.5 million for the period[48]. - Sales and distribution expenses decreased by approximately HKD 0.7 million or about 25% to approximately HKD 2.1 million, primarily due to increased freight costs in the previous period[49]. Dividends and Shareholder Information - The board of directors did not recommend the payment of any interim dividend for the current period, consistent with the previous period[13]. - The company did not declare any interim dividend for the three months ended March 31, 2023, consistent with the previous year[37]. - Major shareholders, Classic Charm Investments Limited, hold 300,000,000 shares, representing 75% of the voting rights in the company[79]. - The total number of shares held by directors and major executives in the company and its associated corporations is 300,000,000, which constitutes 75% of the issued voting shares[75]. Corporate Governance and Compliance - The board believes the company has complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix 15 during the three months ending March 31, 2023[85]. - The company has adopted a code of conduct for securities trading by directors and employees, ensuring compliance with GEM Listing Rules[86]. - There are no reported conflicts of interest involving directors, major shareholders, or controlling shareholders during the three months ending March 31, 2023[84]. Future Outlook - The management anticipates ongoing uncertainty and challenges in global business, focusing on innovative product creation and market expansion[41]. - E-commerce solutions targeting Generation Z and Millennials are becoming a major trend in the service industry, with sustainability expected to play a significant role in the beauty and cosmetics sector[41]. Other Information - As of March 31, 2023, the group had cash and cash equivalents of approximately HKD 169.3 million, down from approximately HKD 180.5 million as of December 31, 2022[47]. - The current ratio as of March 31, 2023, was approximately 9.9 times, an increase from approximately 6.9 times as of December 31, 2022[47]. - As of March 31, 2023, the group had no significant contingent liabilities or capital commitments[53]. - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[61]. - The stock option plan is valid for 10 years from the adoption date until September 28, 2027, and no options can be granted thereafter[71]. - The exercise price of the stock options will not be less than the highest of the closing price on the offer date or the average closing price over the five trading days preceding the offer date[74]. - As of March 31, 2023, the company has no outstanding, granted, canceled, exercised, or expired stock options[72]. - The stock option plan requires shareholder approval if the total value exceeds HKD 5 million and the total shares exceed 0.1% of the issued share capital[68]. - The company has no knowledge of any person (excluding directors or major executives) holding any interests or short positions in the company's shares or related shares as of March 31, 2023[81]. - No shares were repurchased, purchased, or sold by the company or its subsidiaries during the three months ended March 31, 2023[88]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited financial information for the first quarter ended March 31, 2023[89]. - There have been no significant events related to the company's business or financial performance after the reporting period[93]. - The company has proposed amendments to its Articles of Association, which will be approved at the annual general meeting on May 12, 2023[92].

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。 Takbo Group Holdings Limited 德 寶 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8436） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 的 第 一 季 度 業 績 公 告 德寶集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止三個月的未經 審核綜合業績。本公告載列本集團二零二三年第一季度業績報告全文，並符合 香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）有關第一季度 業績初步公告隨附資料的相關規定。本公司二零二三年第一季度業績報告的 印刷版本載有GEM上市規則規定的資料，並將適時寄發予股東。 本公司的二零二三年第一季度業績公告刊登於香港聯合交易所有限公司網站 www.hkexnews.hk及本公司網站www.tak ...

Financial Performance - The group's revenue for the year ended December 31, 2022, was HKD 209.3 million, representing a 1.0% increase from HKD 207.2 million in 2021[11]. - Gross profit increased by 8.0% to HKD 70.6 million, with a gross margin of 33.7%, up from 31.5% in the previous year[11]. - Net profit decreased significantly by 77.0% to HKD 1.0 million, with earnings per share dropping to HKD 0.3 from HKD 1.1[11]. - Profit attributable to equity holders was approximately HKD 1.0 million, a decrease of about 77.0% year-on-year, primarily due to competitive pricing during the COVID-19 pandemic and one-off bonuses paid to employees[15]. - The company reported a distributable reserve of HKD 141.0 million as of December 31, 2022, unchanged from the previous year[86]. Operational Challenges - The ongoing COVID-19 pandemic continues to pose challenges, affecting public health and business operations globally[12]. - The company is closely monitoring the impact of COVID-19 on its financial condition and operational performance[73]. - The ongoing travel restrictions have significantly affected the company's ability to meet with customers and suppliers[74]. - The company faces uncertainties due to the ongoing U.S.-China trade tensions, which may adversely impact sales demand[75]. - Labor shortages and rising labor costs in China may hinder the company's expansion plans and operational efficiency[76]. Strategic Focus - The company is focusing on innovative product creation and expanding its business into new regions, particularly targeting Gen Z and millennials through e-commerce solutions[12]. - The company is exploring diversification opportunities in markets such as China, Europe, and ASEAN, as well as sustainable materials[6]. - The company’s management discussion and analysis section outlines future business development plans, indicating a focus on expanding product offerings and market reach[64]. Corporate Governance - The board consists of six directors, including three executive directors and three independent non-executive directors, maintaining compliance with GEM listing rules[143]. - The independent non-executive directors confirmed their independence status throughout the year, adhering to GEM listing rules[148]. - The company has adopted a code of conduct for securities trading by directors and employees, ensuring compliance with GEM listing rules[140]. - The chairman and CEO roles are separated, with the chairman responsible for effective board leadership and the CEO overseeing daily operations[146]. - The board is responsible for the company's performance and business oversight, with executive directors managing daily operations[145]. Risk Management - The company has implemented a risk management and internal control system, which is reviewed annually for effectiveness[191]. - Amba Partners Corporate Services Limited was engaged to assess the adequacy and effectiveness of the group's risk management and internal control procedures[192]. - The audit committee reported no significant discrepancies in the risk management processes and provided recommendations for improvement[192]. - The company has established a whistleblowing policy to prevent corruption and bribery, with an internal reporting channel for employees[191]. Employee Relations - The company values its employees as its most valuable asset, providing a competitive compensation package and effective performance evaluation systems[71]. - As of December 31, 2022, the total employee cost was approximately HKD 28.6 million, an increase from approximately HKD 26.0 million the previous year, mainly due to one-off bonuses[32]. - The senior management team has a gender diversity ratio of 41% female and 59% male, while overall employee gender ratio stands at 74% female and 26% male[185]. Shareholder Engagement - The board acknowledges the unwavering support and trust from shareholders and expresses gratitude to the management team and employees for their efforts during the year[7]. - The company did not recommend a final dividend for the year, consistent with the previous year[79]. - The annual general meeting is scheduled for May 12, 2023, with a suspension of share transfer registration from May 8 to May 12, 2023[132][133]. Auditor and Compliance - The company appointed a new auditor, Lo & Kwong CPA Limited, effective October 12, 2022, to fill the vacancy left by the resignation of PwC[37]. - The external auditor, RSM Hong Kong, was engaged for an annual audit service fee of HKD 690,000, deemed reasonable by the audit committee[200]. - The company has taken out liability insurance for its directors and senior management to provide adequate protection[101]. Supplier and Customer Relations - The company emphasizes maintaining long-term relationships with major clients, including retailers and beauty product brand owners, to ensure competitive pricing and quality service[68]. - The company has a strict supplier selection system to ensure material quality and consistency in product quality, requiring suppliers to comply with relevant local and industry quality control standards[70]. - The largest customer contributed 51.3% of total sales, with the top five customers together accounting for 82.5%[90].

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。 Takbo Group Holdings Limited 德 寶 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8436） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 德寶集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度的經審 核綜合業績。本公告載列本集團二零二二年年報全文，並遵守香港聯合交易所 有限公司GEM證券上市規則（「GEM上市規則」）中有關年度業績初步公告隨附 資料的相關規定。本公司二零二二年年報的印刷版本載有GEM上市規則規定 的資料，並將適時寄發予股東。 本 公 司 二 零 二 二 年 年 度 業 績 公 告 刊 登 於 香 港 聯 合 交 易 所 有 限 公 司 網 站 http://www.hkexnews. ...

Financial Performance - For the nine months ended September 30, 2022, the group's revenue was approximately HKD 178.4 million, an increase of about 4.1% compared to the previous period[9]. - The gross profit for the same period was approximately HKD 59.2 million, reflecting a 14.3% increase, with a gross margin rising from approximately 30.2% to 33.2%[9]. - The profit attributable to equity holders for the nine months was approximately HKD 17.9 million, a significant increase of about 73.8% compared to the previous period[9]. - Earnings per share for the nine months was approximately HKD 4.47, compared to HKD 2.57 in the previous period[9]. - The operating profit for the nine months was approximately HKD 20.7 million, up from HKD 12.4 million in the previous period[12]. - The total comprehensive income attributable to equity holders for the nine months was approximately HKD 14.5 million, compared to HKD 11.7 million in the previous period[12]. - The company reported a net financing income of approximately HKD 536,000 for the nine months, compared to a net financing loss of HKD 118,000 in the previous period[12]. - The total comprehensive income amounted to HKD 14,498,000, compared to HKD 17,899,000 for the same period in 2021, reflecting a decrease of approximately 19.5%[14]. Revenue Breakdown - Revenue from beauty product sales for the nine months ended September 30, 2022, was HKD 147,989,000, a decrease of 7.5% from HKD 160,128,000 in the same period of 2021[24]. - Revenue from cosmetic bag sales for the nine months ended September 30, 2022, was HKD 30,448,000, compared to HKD 11,214,000 in the same period of 2021, indicating a significant increase of approximately 171.5%[24]. Expenses and Financial Position - The administrative expenses for the nine months were approximately HKD 25.3 million, compared to HKD 24.6 million in the previous period[12]. - The group reported a decrease in selling and distribution expenses to approximately HKD 13.1 million, down about HKD 3.6 million from approximately HKD 16.7 million in the previous period, mainly due to lower shipping and freight costs[44]. - Cash and cash equivalents as of September 30, 2022, were approximately HKD 94.4 million, down from approximately HKD 140.5 million at the end of the previous year[42]. - The group maintained a current ratio of approximately 7.3 times as of September 30, 2022, compared to approximately 7.5 times at the end of the previous year[42]. Shareholder Information - As of the report date, the company has issued a total of 400,000,000 shares, with a potential issuance of 40,000,000 shares under the share option plan, representing 10% of the issued share capital[64]. - The total equity held by directors and key executives in the company amounts to 300,000,000 shares, representing 75% of the issued voting shares[73]. - Classic Charm Investments Limited holds 300,000,000 shares, representing 75.00% of the voting rights[77]. - The beneficial ownership of the 300,000,000 shares is distributed among three individuals: Mr. Ke (50.8%), Ms. Zhu (39.7%), and Ms. Chen (9.5%) [77]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting and risk management practices[91]. - There are no known conflicts of interest involving directors or major shareholders as of September 30, 2022[83]. - The company has complied with all corporate governance codes except for the absence of certain directors at the annual general meeting due to travel restrictions[85][86]. - The company has adopted a code of conduct for securities trading, ensuring compliance with the GEM listing rules[89]. Strategic Focus - The company continues to focus on the design, development, manufacturing, and sales of beauty products and cosmetic bags, indicating ongoing commitment to market expansion and product innovation[15]. - The management is focused on assessing changing market preferences and evaluating different sales and marketing strategies to meet customer demands[36]. - The group continues to explore innovative strategies and plans to maintain good relationships with long-term customers despite challenging market conditions[35]. Other Information - The board did not recommend any interim dividend for the period, consistent with the previous period[9]. - The company has not applied new accounting standards that have been issued but not yet effective, and is currently assessing their impact on performance and financial position[21]. - The company has not repurchased any shares during the nine months ending September 30, 2022[90]. - The company did not enter into any acquisition agreements that require disclosure under GEM listing rules during the period[60]. - No significant changes in the company's organizational documents have occurred as of September 30, 2022[95]. - No significant events affecting the company's business or financial performance have been noted after September 30, 2022[96].

Financial Performance - For the six months ended June 30, 2022, the group's revenue was approximately HKD 654 million, an increase of about 0.2% compared to the previous period[9]. - The gross profit for the same period was approximately HKD 204 million, a decrease of about 5.4% from the previous period, resulting in a gross margin decline from approximately 33.0% to 31.2%[9]. - The loss attributable to equity holders for the period was approximately HKD 26 million, compared to a slight profit of HKD 41,000 in the previous period[9]. - The loss per share for the period was approximately HKD 0.66, compared to earnings of HKD 0.01 per share in the previous period[9]. - Operating loss for the six months was approximately HKD 26 million, compared to an operating profit of HKD 940,000 in the previous period[11]. - The total sales cost for the six months was approximately HKD 450 million, compared to HKD 437 million in the previous period[11]. - The total comprehensive loss attributable to the company's owners for the six months ended June 30, 2022, was HKD (2,337) thousand, a significant decrease from a profit of HKD 1,678 thousand in the same period of 2021[13]. - The company's basic and diluted loss per share for the six months ended June 30, 2022, was HKD (0.66), compared to HKD 0.01 in the same period of 2021, reflecting a deterioration in performance[13]. - The net loss for the six months ended June 30, 2022, was HKD 2,629 thousand, compared to a profit of HKD 41 thousand in the same period of 2021[40]. Revenue Breakdown - Revenue from the United States for the six months ended June 30, 2022, was HKD 29,718 thousand, down 42.0% from HKD 51,215 thousand in the same period of 2021[49]. - Revenue from China increased to HKD 11,769 thousand for the six months ended June 30, 2022, compared to HKD 4,070 thousand in the same period of 2021[49]. - Sales of beauty products decreased to HKD 40,745 thousand for the six months ended June 30, 2022, down 26.0% from HKD 55,037 thousand in the same period of 2021[34]. - Sales of cosmetic bags increased significantly to HKD 24,657 thousand for the six months ended June 30, 2022, up 141.5% from HKD 10,237 thousand in the same period of 2021[34]. Expenses and Costs - Administrative expenses for the period were approximately HKD 16 million, an increase from HKD 15 million in the previous period[11]. - The total employee cost, including directors' remuneration, was approximately HKD 12.4 million, an increase from approximately HKD 10.4 million in the previous period, primarily due to salary increases[107]. - Sales and distribution expenses remained stable at approximately HKD 6.3 million for both periods[91]. Cash Flow and Assets - The company's cash and cash equivalents decreased to HKD 111,241 thousand as of June 30, 2022, down from HKD 136,020 thousand at the end of the previous year[23]. - Operating cash flow for the six months ended June 30, 2022, was a net cash outflow of HKD (26,125) thousand, compared to a net cash inflow of HKD 17,570 thousand in the same period of 2021[23]. - Total assets as of June 30, 2022, amounted to HKD 270,244 thousand, a slight increase from HKD 269,223 thousand as of December 31, 2021[16]. - The company's non-current assets totaled HKD 59,906 thousand as of June 30, 2022, down from HKD 64,318 thousand as of December 31, 2021[16]. Liabilities and Equity - The total liabilities as of June 30, 2022, were HKD 42,695 thousand, an increase from HKD 39,337 thousand as of December 31, 2021[18]. - The total trade payables increased to HKD 20,072,000 as of June 30, 2022, from HKD 6,566,000 as of December 31, 2021, a significant increase of 205%[70]. - The current ratio as of June 30, 2022, was approximately 6.6 times, compared to about 7.5 times as of December 31, 2021[89]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial information for the six months ending June 30, 2022[148]. - The company has complied with all provisions of the corporate governance code as of June 30, 2022, except for the absence of independent non-executive directors at the annual general meeting[141]. - The company has adopted a code of conduct regarding securities trading for directors and employees, ensuring compliance with GEM listing rules[143]. Future Plans and Risks - The group has no significant future investment or capital asset plans as of June 30, 2022[101]. - The group faces various risks, including economic challenges due to the pandemic, which may negatively impact sales and profitability[114]. - The group plans to utilize the remaining proceeds for the expansion of the Hong Kong headquarters within the next twelve months[113].

Financial Performance - For the three months ended March 31, 2022, the group's revenue was approximately HKD 25.3 million, a decrease of about 23.2% compared to the same period last year[10]. - The gross profit for the same period was approximately HKD 8.6 million, down about 26.1% from the previous year, with a gross margin decreasing from approximately 35.4% to 34.1%[10]. - The loss attributable to equity holders of the company for the period was approximately HKD 1.6 million, compared to a profit of approximately HKD 1.0 million in the previous year[10]. - The loss per share for the period was approximately HKD 0.39, compared to earnings of HKD 0.26 per share in the previous year[10]. - The group reported a net loss from operations of HKD 1.7 million, compared to a profit of HKD 1.6 million in the previous year[13]. - The net loss for the period was HKD 1,562,000, compared to a profit of HKD 1,048,000 for the same period in 2021[28]. - Other comprehensive income for the period was HKD 478,000, resulting in a total comprehensive loss of HKD 1,084,000[28]. Revenue Breakdown - Sales of beauty products, including cosmetics and other products, amounted to HKD 15,462,000, up 11.5% from HKD 13,880,000 in the previous year[29]. - Hand sanitizer sales decreased significantly to HKD 5,358,000, down 69.0% from HKD 17,322,000 in the prior year[29]. - Sales of cosmetic bags increased to HKD 4,470,000, a substantial rise of 160.5% compared to HKD 1,721,000 in the same period last year[29]. Expenses and Income - Other income for the period was HKD 100, slightly down from HKD 102 in the previous year[13]. - Administrative expenses for the period were HKD 7.3 million, a decrease from HKD 7.8 million in the previous year[13]. - Financing income increased to HKD 261 from HKD 37 in the previous year, indicating improved financial management[13]. - The group's administrative expenses decreased by approximately HKD 0.5 million or about 6.1% to approximately HKD 7.3 million, mainly due to a reduction in legal and professional fees[51]. - Sales and distribution expenses increased by approximately HKD 0.5 million or about 22.5% to approximately HKD 2.8 million, attributed to increased shipping and freight costs due to COVID-19 related delays[52]. Dividends - The board of directors does not recommend the payment of any interim dividend for the period, consistent with the previous year[10]. - The company did not declare any interim dividends for the three months ended March 31, 2022, consistent with the previous year[35]. - The board does not recommend the payment of any interim dividend for the period[59]. Financial Position - As of March 31, 2022, the group had cash and cash equivalents of approximately HKD 140.2 million, compared to approximately HKD 140.5 million as of December 31, 2021[50]. - The current ratio as of March 31, 2022, was approximately 8.9 times, up from approximately 7.5 times as of December 31, 2021[50]. - The group has no outstanding borrowings or other debts as of March 31, 2022, and has not reported any significant contingent liabilities[55]. Corporate Governance - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[89]. - The audit committee reviewed the unaudited financial information for the first quarter ending March 31, 2022[94]. Stock Options - The stock option plan was approved on September 29, 2017, and became unconditional on October 27, 2017, in compliance with GEM Listing Rules Chapter 23[67]. - The total number of shares that may be issued under the stock option plan cannot exceed 10% of the total issued shares as of the effective date, which is 40,000,000 shares based on 400,000,000 issued shares[69]. - If the grant of stock options to major shareholders or independent non-executive directors exceeds 0.1% of the issued share capital, shareholder approval is required[69]. - The stock options can be exercised at any time within a period not exceeding 10 years from the grant date, subject to the terms of the stock option plan[72]. - The exercise price of the stock options will not be less than the highest of the closing price on the offer date, the average closing price over the five trading days preceding the offer date, or the nominal value[73]. - As of March 31, 2022, there were no unexercised, granted, cancelled, exercised, or lapsed stock options[74]. - The stock options granted to eligible persons cannot exceed 1% of the issued share capital within any 12-month period without shareholder approval[70]. - The stock option plan is valid for 10 years from the adoption date, expiring on September 28, 2027[72]. Shareholding Structure - Major shareholders, Classic Charm Investments Limited, hold 300,000,000 shares, representing 75% of the issued voting shares[81]. - Classic Charm Investments Limited holds 300,000,000 shares, with Mr. Ko, Ms. Zhu, and Ms. Chan owning 50.8%, 39.7%, and 9.5% respectively[83]. - No arrangements were made for directors or senior executives to benefit from acquiring shares or debentures of the company or any other corporation during the three months ending March 31, 2022[75]. - No directors or major shareholders engaged in any competitive business with the group during the three months ending March 31, 2022[88]. Future Outlook - The company continues to evaluate the impact of new accounting standards on its performance and financial position[27]. - The group plans to continue focusing on creating innovative products and expanding its business into new regions despite ongoing global uncertainties[40]. Events After Reporting Period - No significant events related to the group's business or financial performance occurred after the reporting period[97]. - There were no repurchases of shares by the company or its subsidiaries during the three months ending March 31, 2022[92].

Financial Performance - For the year ended December 31, 2021, the company's revenue was HKD 207.2 million, a decrease of 28.0% from HKD 287.8 million in 2020[14] - Gross profit for the same period was HKD 65.3 million, down 28.7% from HKD 91.6 million, resulting in a gross margin of 31.5%[14] - Net profit significantly declined by 76.2% to HKD 4.4 million compared to HKD 18.4 million in the previous year[14] - Earnings per share dropped to HKD 1.1, a decrease of 76.1% from HKD 4.6 in 2020[14] - The company's revenue for the year ended December 31, 2021, was approximately HKD 207.2 million, a decrease of about 28.0% compared to the previous year[18] - The gross profit for the same period was approximately HKD 65.3 million, down about 28.7%, with a slight decrease in gross profit margin from approximately 31.8% to 31.5%[18] - Profit attributable to equity holders was approximately HKD 4.4 million, a decrease of about 76.2% year-on-year, primarily due to reduced sales to existing and new customers[19] Market Focus and Strategy - The company is focusing on the personal care and beauty sector, targeting Gen Z and millennials to adapt to evolving consumer preferences[8] - Resources have been allocated for feasibility studies on diversification opportunities, including entry into the China and ASEAN markets, e-commerce, and sustainable materials[8] - The company has identified potential business collaboration opportunities with new contacts across various industries[9] - Despite challenges, the beauty and cosmetics industry remains agile, with continued consumer focus on health, hygiene, and personal care benefits[12] - The company aims to strengthen its business foundation through progress in several initiatives in the short to medium term[8] Financial Position and Management - The company maintained a strong financial position with cash and cash equivalents of approximately HKD 140.5 million as of December 31, 2021, up from HKD 119.0 million in the previous year[20] - The current ratio as of December 31, 2021, was approximately 7.5 times, an increase from 3.5 times in the previous year[20] - Administrative expenses decreased by approximately HKD 11.2 million (or about 23.7%) to approximately HKD 36.0 million for the year ended December 31, 2021[23] - Sales and distribution expenses increased by approximately HKD 2.5 million (or about 10.4%) to approximately HKD 26.0 million due to strong shipping demand amid ongoing pandemic-related delays[24] - The company had no outstanding borrowings or other debts as of December 31, 2021, resulting in no reported debt-to-asset ratio[20] - The company had no significant contingent liabilities as of December 31, 2021, and capital commitments for factory expansion were approximately HKD 0.4 million[26] Employee and Operational Costs - The total employee cost for the year was approximately HKD 26.0 million, down from HKD 31.4 million in the previous year, mainly due to a reduction in workforce[38] - The company has adopted a cautious approach towards expanding its Hong Kong operations due to ongoing social events and the global economic downturn[41] Governance and Leadership - The company has a strong leadership team with over 19 years of experience in the beauty product manufacturing and sales industry, led by Mr. Ke Xuan, who has been the General Manager since its establishment in 2002[51] - Mr. Chen Congfa, an independent non-executive director, has extensive experience in corporate finance and has been involved in significant corporate transactions in Asia, including IPOs and mergers[53] - The company has appointed Mr. Song Zhiqiang as an independent non-executive director, who has over 22 years of experience in financial management and has served as CFO for various listed companies[59] - The leadership team includes members with expertise in regulatory issues, complex financing transactions, and corporate governance, providing a strong foundation for strategic decision-making[56] - The company has established a remuneration committee to determine the remuneration policy based on the group's performance and market practices[118] Corporate Governance - The board consists of six directors, including three executive directors and three independent non-executive directors, maintaining a balance for effective leadership and decision-making[166] - The company has adhered to the corporate governance code as per GEM listing rules, with some exceptions noted regarding attendance at the annual general meeting[159] - The board of directors will rotate and seek re-election at the upcoming annual general meeting scheduled for May 12, 2022[106] - The company has implemented a procedure for directors to seek independent professional advice when necessary[184] - The company’s governance practices are aligned with GEM listing rules and corporate governance codes[190] Risk Factors - The company faces risks from external factors such as the COVID-19 pandemic and travel restrictions impacting operations and customer interactions[83][84] - The company acknowledges the impact of economic, political, and regulatory changes in China on its operations and financial performance[88] Shareholder and Dividend Information - The board does not recommend a final dividend for the year, consistent with the previous year[90] - The company is focused on sustainable profit growth and shareholder returns, considering business development needs and financial stability before declaring dividends[82] - The company has a distributable reserve of HKD 141.0 million as of December 31, 2021, unchanged from the previous year[97] Charitable Activities - The company made charitable donations of approximately HKD 3,000 during the year, a decrease from HKD 41,000 in the previous year[98]

Financial Performance - For the nine months ended September 30, 2021, the group's revenue was approximately HKD 171.3 million, a decrease of about 19.5% compared to the same period in 2020[9]. - The gross profit for the same period was approximately HKD 51.8 million, down about 22.3% from the previous period, with a gross margin slightly declining from approximately 31.3% to about 30.2%[9]. - The profit attributable to equity holders for the nine months was approximately HKD 10.3 million, a significant decrease of about 62.3% compared to the prior period[9]. - Earnings per share for the period were approximately HKD 2.57, compared to HKD 6.82 in the previous period[9]. - Operating profit for the nine months was approximately HKD 12.4 million, down from HKD 31.97 million in the same period last year[12]. - The total comprehensive income for the nine months was approximately HKD 11.7 million, compared to HKD 27.3 million in the previous year[14]. - The company reported a profit of HKD 27,294,000 for the nine months ended September 30, 2021, compared to HKD 166,711,000 for the same period in 2020, indicating a significant decline[16]. Revenue Breakdown - Revenue from beauty products, including cosmetics and others, for the three months ended September 30, 2021, was HKD 103,002,000, up from HKD 97,759,000 in 2020, reflecting a growth of about 5.3%[25]. - Revenue from hand sanitizers for the nine months ended September 30, 2021, was HKD 29,626,000, a decrease of 50% compared to HKD 59,486,000 in the same period of 2020[25]. - The total revenue for the nine months ended September 30, 2021, was HKD 171,342,000, down from HKD 212,798,000 in 2020, indicating a decline of approximately 19.5%[25]. Expenses and Costs - Administrative expenses for the nine months were approximately HKD 24.6 million, compared to HKD 24.1 million in the previous year[12]. - Sales and distribution expenses rose to approximately HKD 16.7 million, an increase of about HKD 3.8 million due to strong demand for shipping and freight costs amid pandemic-related delays[50]. - Other income for the nine months was approximately HKD 1.0 million, down from HKD 2.8 million in the previous year[12]. - The group reported a net loss from financing activities of approximately HKD 118, compared to a net income of HKD 336 in the previous year[12]. Shareholder Information - The board of directors did not recommend any interim dividend for the period, consistent with the previous period[9]. - The total equity attributable to owners as of September 30, 2021, was HKD 234,150,000, up from HKD 222,459,000 at the beginning of the year, reflecting an increase of about 5.5%[16]. - The company had issued 400,000,000 shares, with a potential issuance of 40,000,000 shares under the share option plan, representing 10% of the issued share capital[70]. - As of September 30, 2021, the total equity held by directors and key executives in the company amounts to 300,000,000 shares, representing 75.00% of the issued voting shares[79]. - Classic Charm Investments Limited, which is beneficially owned by Mr. Ko, Ms. Zhu, and Ms. Chan, holds 300,000,000 shares, accounting for 75.00% of the issued voting shares[83]. Corporate Governance - The board believes that the company has complied with all provisions of the corporate governance code, except for the absence of certain directors at the annual general meeting due to travel restrictions[90]. - The company has adopted a code of conduct regarding securities trading by directors and employees, ensuring compliance with the GEM Listing Rules[94]. - The audit committee was established on September 29, 2017, consisting of three independent non-executive directors[96]. - The audit committee reviewed the accounting principles and practices adopted by the group and discussed the unaudited financial information for the third quarter ending September 30, 2021[98]. Future Outlook - The group will continue to explore innovative strategies and plans to adapt to changing market preferences and customer needs[41]. - The management expressed confidence in overcoming challenges and maintaining sustainable business performance for shareholders[41]. Other Information - The company has not applied new accounting standards that have been issued but are not yet effective, and is currently assessing their impact on performance and financial position[23]. - As of September 30, 2021, the group had no significant contingent liabilities, similar to December 31, 2020[54]. - There were no significant investments or capital asset plans other than the factory expansion plan as of September 30, 2021[59]. - The group had no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[63]. - There were no reported conflicts of interest involving directors or major shareholders during the nine months ending September 30, 2021[88].