ANNUAL REPORT 2025 年報 Noble Engineering Group Holdings Limited 怡康泰工程集團控股有限公 司 Annual Report 2025 年 報 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest ...

截至二零二五年三月三十一日止年度之 年度業績公佈 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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 NOBLE ENGINEERING GROUP HOLDINGS LIMITED 怡康泰工程集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8445） 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 本公佈乃遵照聯交所GEM證 券 上 市 規 則（「GEM上市規則」）而 刊 載，旨 在 提 供 有 關怡康泰工程集團控股有限公司（「本公司」，連同其附屬公司稱「本集團」）的資料， 本 公 司 董 事（「董 事」）對 此 共 同 及 個 別 承 擔 全 部 責 任。董 事 於 作 出 一 切 合 理 查 詢 後 確 認 就 其 所 知 及 所 信，本 公 佈 所 載 資 料 在 各 重 要 方 面 均 屬 準 確 完 備，沒 有 誤 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$203,573,000, an increase from HK$154,643,000 in the same period of 2023, representing a growth of 31.6%[15] - Gross profit for the period was HK$860,000, down from HK$1,126,000 in 2023, indicating a decline of 23.6%[15] - Loss before income tax improved to HK$3,533,000 compared to a loss of HK$4,136,000 in the previous year, reflecting a reduction of 14.6%[15] - Total comprehensive loss attributable to owners of the Company was HK$3,546,000, compared to HK$4,190,000 in 2023, showing a decrease of 15.4%[15] - Basic and diluted loss per share was HK$0.013, an improvement from HK$0.016 in the same period last year[15] - The company reported a net loss of HK$3,546,000 for the six months ended September 30, 2024, compared to a loss of HK$4,190,000 for the same period in 2023, indicating an improvement of 15.4%[20] - The Group recorded a loss attributed to owners of approximately HK$3.5 million for the six months ended September 30, 2024, compared to a loss of approximately HK$4.2 million for the same period in 2023[78][83] Income and Expenses - Other income increased slightly to HK$68,000 from HK$63,000 in 2023, marking an increase of 7.9%[15] - Administrative and other operating expenses decreased to HK$4,452,000 from HK$5,317,000, a reduction of 16.3%[15] - Finance costs remained stable at HK$9,000 compared to HK$8,000 in the previous year[15] - Cash used in operating activities was HK$12,804,000, an increase of 53.5% from HK$8,328,000 in the previous year[21] - The gross profit for the same period was approximately HK$0.9 million, a decrease of approximately 23.6% from HK$1.1 million in the previous year, resulting in a gross profit margin of 0.4% compared to 0.7%[73][74] - Other income increased by approximately HK$5,000 from HK$63,000 for the six months ended September 30, 2023, to approximately HK$68,000 for the same period in 2024, mainly due to increased bank interest income[75] - Administrative and other operating expenses decreased by approximately HK$0.9 million or 16.3% from HK$5.3 million to approximately HK$4.5 million, primarily due to reduced staff costs[75] - Finance costs increased by 12.5% to approximately HK$9,000 for the six months ended September 30, 2024, from approximately HK$8,000 in the previous year, mainly due to increased lease interests[77][82] Assets and Liabilities - As of September 30, 2024, total assets amounted to HK$105,136,000, a decrease of 5.5% from HK$111,496,000 as of March 31, 2024[19] - Net current assets were HK$81,715,000, down from HK$84,999,000, reflecting a decline of 3.5%[19] - The company’s total equity decreased to HK$83,593,000 from HK$87,139,000, a decline of 4.5%[19] - Non-current liabilities increased significantly to HK$70,000, compared to HK$40,000 as of March 31, 2024, marking a 75% rise[19] - Trade receivables, net of provision for loss allowance, increased to HK$32.8 million as at 30 September 2024, up from HK$17.1 million as at 31 March 2024[54] - Trade payables decreased to HK$20.97 million as at 30 September 2024, down from HK$23.17 million as at 31 March 2024[59] - The Group's provision for loss allowance for trade receivables remained stable at HK$675,000 as at 30 September 2024, unchanged from 31 March 2024[58] Operational Strategy - The Company continues to focus on improving operational efficiency and reducing costs in response to market conditions[15] - The Group intends to implement a more prudent approach in project selection, focusing on well-established contractors to ensure steady projects and sound receivables[64] - The Group plans to expand its geographical coverage beyond the Hong Kong market to enhance future development and strengthen revenue bases[68] - The Group aims to improve its operating efficiency and profitability by expanding its fleet of machinery and equipment[67] - The increase in revenue was primarily attributed to a higher number of contracts awarded during the period[69] - The Group is actively seeking opportunities to expand its customer base and market share, particularly in the Hong Kong market and beyond, to enhance future development and revenue base[70] - The Group anticipates that business diversification will provide greater returns for shareholders in the future[70] Shareholder Information - No dividends were paid or proposed for ordinary shareholders during the six months ended September 30, 2024, consistent with the same period in 2023[50] - The company has maintained its share capital at HK$13,819,000, with no changes reported[20] - As of September 30, 2024, the total issued share capital of the Company was HK$13,819,000, unchanged from March 31, 2024, with 276,380,000 ordinary shares[80][85] - Land Noble Holdings Limited holds 105,000,000 shares in the Company, representing 37.99% of the total shareholding[129] - Mr. Wang Wei and Mr. Sun Yiyun each hold 20,940,000 shares, accounting for 7.57% of the total shareholding[129] - Mr. Tse Man Loong holds 14,200,000 shares, which is 5.13% of the total shareholding[129] - Ms. Or So Lan and Ms. Yapp Ngi Yang, as spouses of Mr. Tse Chun Yuen and Mr. Tse Chun Kuen respectively, are deemed to have an interest in the shares held by their spouses[130] - No other Directors or chief executives had any interests or short positions in shares or debentures of the Company as of September 30, 2024[125] Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[25] - The Company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests[131] - All Directors confirmed compliance with the Required Standard of Dealing during the six months ended 30 September 2024, with no non-compliance events reported[134] - No business competition or conflict of interests was reported among Directors or controlling shareholders during the six months ended 30 September 2024[135] - The Company has adopted the Corporate Governance Code since the Listing Date and has complied with it during the six months ended 30 September 2024[138] - The Audit Committee reviewed the unaudited condensed consolidated results for the six months ended 30 September 2024 and confirmed compliance with applicable accounting standards and GEM Listing Rules[140] Cash and Capital Management - Cash and cash equivalents at the end of the period were HK$16,703,000, down from HK$40,654,000, representing a decrease of 58.8%[21] - The Group had cash and cash equivalents of approximately HK$16.7 million as of 30 September 2024, down from HK$29.7 million as of 31 March 2024[96] - The gearing ratio for the Group as of 30 September 2024 was nil, indicating no bank borrowings[96] - Total capital expenditure for the six months ended 30 September 2024 was nil, consistent with the previous period[101] - The Group's primary uses of cash and cash equivalents have been operating costs and capital expenditure, which are expected to continue[96] - The Directors will maintain a prudent policy in managing the Group's bank balances to ensure strong liquidity for future growth opportunities[96] Market and Product Development - The Company has not disclosed any new products or technologies in this report[127] - There are no updates on market expansion or acquisitions mentioned in the report[127] - The report does not provide any future outlook or performance guidance[127] - The Group's operations are solely based in Hong Kong, with no segment information presented[38] - No provision for Hong Kong profits tax was made as the Group did not have estimated assessable profits for the six months ended September 30, 2024, and 2023[45]

Financial Performance - For the six months ended September 30, 2024, the group reported revenue of HKD 203,573 thousand, an increase from HKD 154,643 thousand in the same period of 2023, representing a growth of 31.6%[4] - The gross profit for the six months ended September 30, 2024, was HKD 860 thousand, down from HKD 1,126 thousand in the previous year, indicating a decline of 23.6%[4] - The net loss attributable to equity holders for the six months ended September 30, 2024, was HKD 3,546 thousand, compared to a loss of HKD 4,190 thousand in the same period of 2023, reflecting an improvement of 15.4%[4] - The basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.013, an improvement from HKD 0.016 in the same period of 2023[4] - Revenue for the six months ended September 30, 2024, was HKD 203,573,000, a 31.6% increase from HKD 154,643,000 in the same period of 2023[27] - The company reported a loss attributable to owners of HKD 3,546,000 for the six months ended September 30, 2024, compared to a loss of HKD 4,190,000 in the same period of 2023[36] - Basic and diluted loss per share improved to HKD (0.013) from HKD (0.016) year-on-year[36] - The group incurred a net loss of approximately HKD 3.5 million for the six months ending September 30, 2024, compared to a loss of approximately HKD 4.2 million for the same period in 2023[60] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 16,703 thousand as of September 30, 2024, down from HKD 40,654 thousand at the end of the previous year, a decline of 58.8%[20] - The group reported cash outflows from operating activities of HKD 12,804 thousand for the six months ended September 30, 2024, compared to HKD 8,328 thousand in the same period of 2023, indicating a worsening cash flow situation[20] - As of September 30, 2024, the net proceeds from the rights issue amounted to approximately HKD 8.8 million, with HKD 5.0 million remaining unutilized[66] - The group had cash and cash equivalents of approximately HKD 16.7 million as of September 30, 2024, down from HKD 29.7 million as of March 31, 2024[67] - The group has maintained a prudent treasury policy to manage bank balances and ensure liquidity for future growth opportunities[71] Assets and Liabilities - The total assets less current liabilities as of September 30, 2024, were HKD 83,663 thousand, compared to HKD 87,179 thousand as of March 31, 2024, a decrease of 4.8%[10] - The group’s total equity as of September 30, 2024, was HKD 83,593 thousand, down from HKD 87,139 thousand as of March 31, 2024, a decrease of 4.0%[12] - Trade receivables, net of loss allowances, increased to HKD 32,827,000 as of September 30, 2024, compared to HKD 17,108,000 as of March 31, 2024[42] - Trade payables totaled HKD 20,971,000 as of September 30, 2024, down from HKD 23,173,000 as of March 31, 2024[44] - The group’s contract assets as of September 30, 2024, were HKD 45,808 thousand, down from HKD 53,868 thousand as of March 31, 2024, a decline of 15.0%[7] Expenses - The group’s administrative and other operating expenses for the six months ended September 30, 2024, were HKD 4,452 thousand, reduced from HKD 5,317 thousand in the same period of 2023, showing a decrease of 16.3%[4] - Total capital expenditure for the six months ended September 30, 2024, was zero, unchanged from the same period in 2023[76] - The total employee cost for the six months ended September 30, 2024, was approximately HKD 10.2 million, compared to HKD 11.0 million for the same period in 2023[81] Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated financial results for the six months ending September 30, 2024, and confirmed compliance with applicable accounting standards[98] - The company has adopted corporate governance practices in line with GEM listing rules, ensuring accountability and value creation for shareholders[97] - The company has confirmed that there are no conflicts of interest or competitive activities involving directors or major shareholders during the reporting period[93] - There have been no reported compliance issues regarding securities trading by directors during the six months ending September 30, 2024[92] Future Outlook and Strategy - The company plans to implement more cautious measures in project selection to ensure stable projects and healthy receivables[50] - The group aims to enhance operational efficiency and profitability while expanding its machinery and equipment to improve technical capabilities for future projects[51] - The company is exploring opportunities to expand its main business beyond the Hong Kong market to strengthen its revenue base[52] - The group plans to utilize the remaining unutilized proceeds from the rights issue by December 31, 2025[66] Shareholder Information - As of September 30, 2024, major shareholders hold significant stakes, with the largest shareholder owning 105,000,000 shares, representing 37.99% of the company[89] - The company did not declare or recommend any dividends for the six months ended September 30, 2024[37] - The board does not recommend the payment of an interim dividend for the six months ending September 30, 2024[61] Miscellaneous - The company has not engaged in any purchases, sales, or redemptions of its listed securities during the six months ending September 30, 2024[94] - The group has no significant contingent liabilities as of September 30, 2024[77] - The group has no significant foreign exchange risk as most transactions are denominated in HKD[74] - No options have been granted under the share option scheme since its adoption on September 14, 2017[96] - No new share options have been issued under the share option plan since its inception[96]

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Main Board. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and ...

Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 320,746,000, an increase from HKD 237,211,000 in the previous year, representing a growth of approximately 35.2%[4] - The gross loss before tax was HKD 11,975,000, slightly higher than the loss of HKD 11,697,000 reported for the previous year[4] - The company recorded a net loss attributable to shareholders of HKD 11,794,000, compared to a loss of HKD 11,611,000 in the prior year, indicating a year-over-year increase in losses of about 1.6%[4] - Basic and diluted loss per share was HKD 0.04, an improvement from HKD 0.05 in the previous year[4] - The group reported a revenue of HKD 320,746,000 for the year 2024, an increase from HKD 237,211,000 in 2023, representing a growth of approximately 35.2%[43] - The basic loss attributable to shareholders was approximately HKD 11,794,000 for 2024, compared to HKD 11,611,000 in 2023, indicating a slight increase in losses[53] - The company reported a loss attributable to shareholders of approximately HKD 11.8 million for the year ended March 31, 2024, compared to HKD 11.6 million in 2023[100] - For the year ended March 31, 2024, the group recorded a net loss of approximately HKD 11.8 million, compared to a net loss of approximately HKD 11.6 million for the year ended March 31, 2023[120] Assets and Equity - Total assets decreased to HKD 87,179,000 from HKD 91,072,000, reflecting a decline of approximately 4.3%[35] - Current assets included cash and cash equivalents of HKD 35,065,000, down from HKD 47,296,000, a decrease of about 25.7%[12] - The company’s total equity attributable to shareholders was HKD 87,139,000, down from HKD 90,913,000, indicating a decrease of approximately 4.5%[36] - The company’s non-current assets included property, plant, and equipment valued at HKD 1,229,000, an increase from HKD 757,000[11] Revenue Sources and Customer Contributions - The company’s revenue from major customers showed significant changes, with Customer A contributing HKD 63,377,000, down from HKD 83,496,000, a decline of about 24.1%[30] - The company operates solely in Hong Kong, with all revenue generated from this market, and has no non-current assets located outside of Hong Kong[30] Costs and Expenses - The group’s total direct costs for subcontracting amounted to HKD 276,527,000 in 2024, compared to HKD 196,971,000 in 2023, reflecting an increase of approximately 40.3%[51] - Administrative and other operating expenses rose by approximately HKD 0.5 million or 3.8%, from about HKD 13.3 million in 2023 to approximately HKD 13.8 million in 2024[98] - Financing costs surged by approximately 575%, increasing from about HKD 4,000 in 2023 to approximately HKD 27,000 in 2024, mainly due to higher lease interest[99] Impairment and Credit Losses - The group’s financial assets and contract asset impairment provisions amounted to HKD 1,298,000 in 2024, compared to a reversal of HKD 45,000 in 2023[51] - The expected credit loss rate increased to 4.88% in 2024 from 3.75% in 2023, with expected credit losses of HKD 2,763,000 compared to HKD 1,924,000 in the previous year[62] - The total credit loss for the year ended March 31, 2024, was approximately HKD 2,763,000, compared to HKD 1,924,000 in 2023, reflecting an increase of about 43.7%[88] Employee and Operational Metrics - The group reported a total employee cost of approximately HKD 23.3 million for the year ending March 31, 2024, compared to HKD 21.5 million in 2023, reflecting an increase of about 8.37%[150] - As of March 31, 2024, the group employed 67 full-time staff in Hong Kong, an increase from 58 in 2023, representing a growth of approximately 15.52%[150] Dividends and Shareholder Returns - The group did not declare or recommend any dividends for the year ending March 31, 2024, consistent with the previous year[52] - The board does not recommend the payment of a final dividend for the year ending March 31, 2024[149] Governance and Compliance - The company is committed to high standards of corporate governance to enhance shareholder value and corporate accountability[148] - The audit committee was established on September 29, 2017, and is responsible for reviewing financial information and internal control procedures[154] - The company has adopted the corporate governance code as per GEM listing rules to ensure compliance and accountability[148] Other Financial Metrics - The group’s gross profit margin for the year ended March 31, 2024, was approximately 0.5%, slightly down from 0.6% in the previous year[122] - The gross profit for the year ended March 31, 2024, was approximately HKD 1.6 million, up about 6.7% from approximately HKD 1.5 million in the previous year[122] - The total cash and cash equivalents as of March 31, 2024, were approximately HKD 29.7 million, down from HKD 42.0 million in 2023[108] - The company has no bank borrowings as of March 31, 2024, maintaining a debt ratio of zero[109]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $XX million, representing a YY% growth compared to the previous period[1] - Revenue for the three months ended September 30, 2023, was HK$81,628,000, representing a 80.4% increase from HK$45,242,000 in the same period of 2022[15] - Revenue for the six months ended 30 September 2023 was HK$154,643,000, representing an increase of 43.5% from HK$107,739,000 in the same period of 2022[35] - Gross profit for the six months ended September 30, 2023, was HK$1,126,000, compared to HK$910,000 for the same period in 2022, indicating a positive growth trend[15] - The gross profit for the same period was approximately HK$1.1 million, up by approximately 22.2% from approximately HK$0.9 million in the prior year, with a gross profit margin of approximately 0.7%[87] - The company reported a loss before income tax for the three months ended September 30, 2023, was HK$2,056,000, an improvement from a loss of HK$6,264,000 in the same period of 2022[15] - For the six months ended September 30, 2023, the company reported a loss attributable to owners of HK$4,190,000, compared to a loss of HK$4,184,000 for the same period in 2022, indicating a slight increase in losses[50] - The company reported a loss per share of HK$0.008 for the three months ended September 30, 2023, compared to HK$0.025 in the same period of 2022[15] - The basic and diluted loss per share for the six months ended September 30, 2023, was HK$0.016, compared to HK$0.018 for the same period in 2022, reflecting a decrease of approximately 11.1%[50] User Engagement and Outlook - User data showed an increase in active users, reaching ZZ million, which is an increase of AA% year-over-year[2] - The company provided a positive outlook for the next quarter, projecting revenue growth of BB% and an expected increase in user engagement[3] - New product launches are anticipated to contribute to revenue, with an estimated impact of CC million in the upcoming fiscal year[4] Strategic Initiatives - The company is investing in new technology development, allocating DD% of its budget towards R&D initiatives[5] - Market expansion plans include entering EE new regions, aiming to increase market share by FF%[6] - The company is considering strategic acquisitions to enhance its service offerings, with potential targets identified in the market[7] - The company has established partnerships with key industry players to leverage synergies and enhance competitive positioning[9] - Future guidance indicates a focus on sustainability initiatives, with a commitment to reduce carbon emissions by HH% over the next five years[10] Cost Management and Financial Health - Cost management strategies have been implemented, resulting in a reduction of operational expenses by GG%[8] - Current assets totaled HK$114,870,000 as of September 30, 2023, slightly down from HK$115,579,000 as of March 31, 2023[18] - Total assets less current liabilities as of September 30, 2023, amounted to HK$94,954,000, up from HK$91,072,000 as of March 31, 2023[18] - Net assets increased to HK$94,743,000 as of September 30, 2023, compared to HK$90,913,000 as of March 31, 2023[18] - The company generated net cash from financing activities of HK$7,856,000 for the six months ended 30 September 2023, compared to HK$10,181,000 in the same period of 2022, a decrease of 22.5%[20] - Cash and cash equivalents at the end of the period were HK$40,654,000, an increase of 25.3% from HK$32,474,000 at the end of the same period in 2022[20] - The net decrease in cash and cash equivalents for the six months ended September 30, 2023 was HK$1,374,000, an improvement compared to a decrease of HK$6,834,000 in the same period of 2022[20] Shareholder Information - The company issued shares on placement, raising HK$8,020,000 during the six months ended September 30, 2023[19] - The share capital increased from HK$15,000,000 to HK$50,000,000 by creating an additional 700,000,000 shares as of 30 September 2023[66] - The Group successfully placed 25,100,000 ordinary shares at a price of HK$0.34 per share, raising approximately HK$8.0 million in share premium[67] - The total issued share capital as of September 30, 2023, was HK$13,819,000, an increase from HK$12,564,000 as of March 31, 2023[101] Corporate Governance - The Company has established an audit committee to oversee financial control, internal control, and risk management systems[174] - The Company has adopted the Corporate Governance Code and has complied with its provisions during the reporting period[169] - All directors confirmed compliance with the Required Standard of Dealing for securities transactions during the six months ended September 30, 2023[162] - The Company has complied with the GEM Listing Rules regarding securities trading by directors during the six months ended September 30, 2023[164] - The Audit Committee has reviewed the unaudited condensed consolidated results for the six months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[175] Market Conditions - The construction industry in Hong Kong remains challenging, with high competition impacting profit margins for new projects[75] - The Group's gross profit margin is under pressure due to competitive project pricing, affecting overall financial performance[76] - The overall business environment has gradually improved, but the Group's tendering results remain unsatisfactory[75] - The Group intends to adopt a more prudent approach in project selection, focusing on tenders from well-established contractors to ensure steady projects and sound receivables[79] - The Group aims to improve its competitiveness by providing quality works and expanding its customer base in the wet trades works industry[81] - The Group is actively exploring business opportunities beyond the Hong Kong market to enhance future development and strengthen revenue bases[85] - The Group aims to maintain its market share in the civil engineering sector by closely monitoring market conditions and responding to changes[83]

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佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 NOBLE ENGINEERING GROUP HOLDINGS LIMITED 怡 康 泰 工 程 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8445） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 佈 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主 板上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的 潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關怡康泰工程集團控股有限公司（「本公司」，連同其附屬公司統 ...

Financial Performance - Revenue for the three months ended June 30, 2023, was HK$73,015,000, an increase of 16.9% compared to HK$62,497,000 for the same period in 2022[15] - Gross profit decreased to HK$652,000, down 85.4% from HK$4,491,000 in the previous year[15] - Loss before income tax was HK$2,080,000, compared to a profit of HK$1,977,000 in the same period last year[15] - The net loss attributable to owners of the Company for the period was HK$2,141,000, compared to a profit of HK$2,029,000 in the prior year[15] - Basic and diluted loss per share was HK$0.009, compared to earnings per share of HK$0.010 in the previous year[15] - The total comprehensive loss for the period was HK$2,141,000, compared to a profit of HK$2,029,000 in the same period last year, indicating a significant decline in performance[31] - For the three months ended June 30, 2023, the Group recorded a net loss of approximately HK$2.1 million compared to a net profit of approximately HK$2.0 million for the same period in 2022[56] - The gross profit for the same period was approximately HK$0.7 million, a decrease of approximately 84.4% from approximately HK$4.5 million in the prior year, resulting in a gross profit margin of approximately 0.9%[72] Expenses and Costs - Administrative and other operating expenses increased to HK$2,759,000 from HK$2,512,000, reflecting a rise of 9.8%[15] - Direct costs rose to HK$72,363,000, up from HK$58,006,000, indicating a 24.8% increase[15] - Deferred income tax expense for the three months ended June 30, 2023, was HK$61,000, compared to a credit of HK$52,000 in 2022[46] - Administrative and other operating expenses rose by approximately HK$0.3 million or 12.0%, from approximately HK$2.5 million to approximately HK$2.8 million, mainly due to higher staff costs[77] Shareholder Information - The Company has not declared any dividends for the period[16] - No dividends were paid or proposed for ordinary shareholders during the three months ended June 30, 2023[49] - The Directors do not recommend the payment of a dividend for the three months ended June 30, 2023, consistent with the prior year[85] - As of June 30, 2023, Mr. Tse Chun Yuen and Mr. Tse Chun Kuen each hold 105,000,000 shares, representing 41.79% of the company's total shareholding[93] - Mr. Tam Wing Yuen is a beneficial owner of 6,000,000 shares, accounting for 2.39% of the total[93] - Land Noble Holdings Limited, beneficially owned by Mr. Tse Chun Yuen and Mr. Tse Chun Kuen, holds 105,000,000 shares, which is 41.79% of the company[103] - The total number of shares held by substantial shareholders is 105,000,000, which is 41.79% of the company's total[102] Corporate Governance - The Company has confirmed compliance with the Required Standard of Dealing for securities transactions by all directors during the three months ended June 30, 2023[110] - The Company has complied with the Corporate Governance Code provisions during the three months ended June 30, 2023[119] - The Company is committed to high standards of corporate governance to protect and promote shareholder interests[119] - The audit committee has reviewed the Group's unaudited condensed consolidated results for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[121] - The Company has established an audit committee comprising three independent non-executive Directors[120] Market Conditions - The Group's gross profit margin is under pressure due to competitive project pricing on tenders and quotations, affecting overall financial performance[61] - The construction industry in Hong Kong remains challenging, with high competition impacting profit margins for new projects during tendering[57] - The overall business environment has gradually improved, but the Group's tendering results remain unsatisfactory[57] Future Outlook - The Group intends to adopt a more prudent approach in project selection, focusing on tenders from well-established contractors and business partners to maintain steady projects and sound receivables[62] - The Group aims to enhance its operating efficiency and profitability by expanding its fleet of machinery and equipment to improve technical capabilities for future project bids[67] - The Group is exploring opportunities to expand its geographical coverage beyond the Hong Kong market to strengthen its revenue base[68] Other Information - The report is unaudited and covers the first quarter results for 2023[14] - The company has not applied any new standards or interpretations that are not yet effective for the current accounting period[28] - The financial statements are presented in thousands of Hong Kong dollars (HK$'000), consistent with the company's functional currency[22] - The Group's total revenue is derived solely from operations in Hong Kong, with no segment information presented due to the single operating segment classification[40] - The Company has not engaged in any business that competes with the Group's business during the reporting period[115] - During the three months ended June 30, 2023, the Company and its subsidiaries did not purchase, sell, or redeem any of the Company's listed securities[112] - The Company has not granted any share options under the Share Option Scheme since its adoption on September 14, 2017[113]

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佈的內容概不 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佈全 部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 NOBLE ENGINEERING GROUP HOLDINGS LIMITED 怡 康 泰 工 程 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8445） 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 第 一 季 度 業 績 公 佈 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。有意投資的人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關怡康泰工程集團控股有限公司（「本公司」，連同其 ...