UNIVERSE PRINTSHOP HOLDINGS LIMITED 環球印館控股有限公司 （ 於開曼群島註冊成立之有限公司） （股份代號：8448） 自願性公告 一名控股股東的持股變動 環球印館控股有限公司（「本公司」）董事（「董事」）會（「董事會」）獲主席兼執行董事林承 大先生（「林先生」）、執行董事李爽女士（「李女士」）及執行董事高榮先生（「高先生」）告 知，有關本公司一名控股股東New Metro Inc.的股權變動（定義見下文）已於二零二四年十 月二十八日完成。 股權變動 於本公告日期，本公司擁有499,000,000股已發行股份（「股份」），其中New Metro Inc. （一間根據英屬處女群島法律註冊成立且於股權變動完成前由林先生全資擁有的有限公 司）持有296,679,133股股份（佔股份總數約59.45%）。New Metro Inc.、林先生、前執行董 事周文强先生及前執行董事許清耐先生（統稱「一致行動控股股東」）訂立日期為二零二二 年四月四日之一致行動人士承諾契據（「一致行動承諾契據」），據此，訂約方已同意集合 彼等各自於本公司之權益以及直接及╱或間接控制本公司，並就將於本公司任何股 ...

Financial Performance - For the fiscal year 2024, the company's gross profit decreased from approximately HKD 14.7 million in fiscal year 2023 to about HKD 9.4 million, resulting in a gross margin decline from approximately 15.4% to 13.5%[6]. - The company reported a revenue of approximately HKD 69.9 million for the fiscal year 2024, a decrease of about 26.8% compared to HKD 95.5 million in fiscal year 2023[33]. - The total comprehensive loss attributable to equity holders for fiscal year 2024 was approximately HKD 28.4 million, compared to HKD 20.5 million in fiscal year 2023[33]. - Operating loss for fiscal year 2024 was approximately HKD 22.7 million, slightly higher than HKD 21.2 million in fiscal year 2023, excluding one-time items[33]. - The impairment of assets increased significantly to approximately HKD 6.5 million in fiscal year 2024 from HKD 2.4 million in fiscal year 2023, reflecting current market conditions[28]. Income and Expenses - Other income significantly dropped from approximately HKD 3.9 million in fiscal year 2023 to around HKD 190,000 in fiscal year 2024, primarily due to a reduction of about HKD 3.3 million in government subsidies[7]. - Administrative and other expenses decreased to approximately HKD 32.9 million in fiscal year 2024, down about 11.0% from HKD 37.0 million in fiscal year 2023[34]. - Total sales cost decreased from approximately HKD 80.8 million in fiscal year 2023 to about HKD 60.5 million in fiscal year 2024, aligning with the reduction in sales orders[42]. - The total cost of retirement benefit plan contributions deducted from profit and loss for the fiscal year 2024 is approximately HKD 0.7 million, compared to HKD 1.0 million for the fiscal year 2023[61]. Assets and Liabilities - Right-of-use assets increased by approximately 157.4% to about HKD 20.5 million as of March 31, 2024, primarily due to the acquisition of new printing equipment[37]. - Trade and other receivables increased from approximately HKD 6.0 million as of March 31, 2023, to about HKD 11.1 million as of March 31, 2024[48]. - Cash and cash equivalents rose from approximately HKD 5.0 million as of March 31, 2023, to about HKD 9.8 million as of March 31, 2024, primarily due to the net proceeds from the rights issue[57]. - Current liabilities net value decreased from approximately HKD 16.6 million as of March 31, 2023, to about HKD 6.8 million as of March 31, 2024[49]. - The total lease liabilities as of March 31, 2024, were approximately HKD 24.5 million, compared to HKD 11.3 million as of March 31, 2023[49]. Employment and Human Resources - The company employed 39 full-time employees as of March 31, 2024, down from 69 employees as of March 31, 2023, with employee costs for fiscal year 2024 at approximately HKD 20.3 million[53]. - The group regularly reviews and determines employee compensation based on their roles, responsibilities, experience, and skills[161]. - The total employee costs for the fiscal year 2024 are approximately HKD 20.3 million, down from HKD 26.0 million in the fiscal year 2023[190]. Strategic Plans and Investments - The company announced plans to expand its printing business into mainland China starting from the fiscal year ending March 31, 2025, aiming to enhance market coverage and create new opportunities[1]. - The company has committed to a financing lease agreement for new printing machines, indicating a strategic investment in operational capacity[94]. - The company plans to upgrade its IT systems with an investment of approximately HKD 0.9 million, which is part of the total planned use of proceeds[83]. Rights Issue and Proceeds - The company entered into an underwriting agreement for a rights issue, with New Metro agreeing to underwrite up to 163,602,300 shares[22]. - The total proceeds from the rights issue amounted to approximately HKD 34.4 million, with a net amount of about HKD 32.7 million after expenses[98]. - The net proceeds are planned to be used for repaying trade and other payables (HKD 8.6 million), partially repaying a shareholder loan (HKD 16.2 million), and general working capital (HKD 8.2 million)[99]. - As of January 8, 2024, the company has utilized HKD 24.8 million of the net proceeds, leaving approximately HKD 7.9 million unutilized[99]. Corporate Governance and Compliance - The board of directors does not recommend the payment of a final dividend for the fiscal year 2024, consistent with the previous fiscal year[62]. - The company has not identified any significant non-compliance with relevant laws and regulations that could materially impact its business operations as of March 31, 2024[197]. - Independent non-executive directors have reviewed compliance and confirmed adherence to all non-competition commitments as of March 31, 2024[192]. Related Party Transactions - Related party transactions have been conducted under normal commercial terms and are deemed fair and reasonable, aligning with the interests of the company and its shareholders[178]. - The company has obtained independent shareholder approval for related party transactions in accordance with GEM listing rules[187].

Financial Performance - The total revenue for the year ended March 31, 2024, was approximately HKD 69.9 million, a decrease of about 26.8% compared to HKD 95.5 million for the year ended March 31, 2023[3] - The group recorded a total comprehensive loss attributable to equity holders of approximately HKD 28.4 million for the fiscal year 2024, compared to a loss of about HKD 20.5 million in fiscal year 2023[3] - The operating loss for fiscal year 2024 was approximately HKD 22.7 million, compared to HKD 21.2 million in fiscal year 2023, excluding the impact of one-off items[3] - The gross profit for the year was approximately HKD 9.4 million, down from HKD 14.7 million in the previous year[5] - The basic and diluted loss per share for the year was HKD 9.6, compared to HKD 9.9 in the previous year[5] - Other income for the year was significantly lower, with no specific figures provided for fiscal year 2024 compared to HKD 3.9 million in fiscal year 2023[5] - The company reported a net loss of HKD 28,670,570 for the year ending March 31, 2024, and a net cash outflow from operating activities of HKD 32,839,105[38] - The group recorded a pre-tax loss of HKD 28,437,446 for the year ended March 31, 2024, compared to a loss of HKD 20,502,806 in the previous year[103] Assets and Liabilities - Total non-current assets increased to HKD 29,636,138 in 2024 from HKD 19,823,574 in 2023, representing a growth of approximately 49%[23] - Current assets rose to HKD 22,879,705 in 2024, up from HKD 12,990,458 in 2023, marking an increase of about 76%[23] - The company's total liabilities decreased slightly from HKD 29,576,723 in 2023 to HKD 29,727,855 in 2024, indicating a marginal increase of 0.5%[24] - Cash and cash equivalents significantly increased to HKD 9,778,940 in 2024, compared to HKD 4,958,855 in 2023, reflecting a growth of approximately 97%[23] - The company recorded a net current liability of HKD 6,848,150 in 2024, an improvement from HKD 16,586,265 in 2023, showing a reduction of approximately 59%[23] - Trade and other receivables surged to HKD 11,065,545 in 2024, up from HKD 5,988,874 in 2023, representing an increase of about 85%[23] - Trade payables decreased significantly to HKD 4,942,652 in 2024 from HKD 15,572,702 in 2023, a reduction of approximately 68.3%[118] Corporate Actions - The board does not recommend the payment of a final dividend for the year ended March 31, 2024[3] - The company completed a rights issue on February 6, 2024, issuing 299,400,000 new ordinary shares, raising approximately HKD 34.4 million[71] - The net proceeds from the rights issue, after accounting for related expenses, amounted to approximately HKD 32.7 million, with a net price of about HKD 0.109 per rights share[71] - The company has not declared or proposed any dividends for the fiscal year 2024, consistent with the previous year[111] - The company did not recommend a final dividend for the fiscal year 2024, consistent with the previous fiscal year[159] Governance and Compliance - The company has complied with all applicable provisions of the Corporate Governance Code, except for a deviation noted in section C.2.1[46] - The audit committee, composed entirely of independent non-executive directors, reviewed the annual performance and found it compliant with applicable accounting standards and GEM listing rules[51] - The company plans to continue monitoring and reviewing its practices to maintain high standards of corporate governance[47] Employee and Operational Matters - Employee costs for the fiscal year 2024 amounted to approximately 20.3 million HKD, down from 26.0 million HKD in fiscal year 2023[78] - The company employed 39 full-time employees in Hong Kong as of March 31, 2024, down from 69 employees a year earlier[78] - The total cost of retirement benefit contributions for the fiscal year 2024 was approximately 0.7 million HKD, compared to about 1.0 million HKD in fiscal year 2023[78] - The group has implemented cost control measures, including streamlining workflows and tightening advertising expenses to increase cash flow[87] Future Plans and Developments - Management plans to expand digital printing services and acquire two sets of four-color digital inkjet printers for a total of 18.7 million HKD to improve gross margins[86] - The company plans to expand its printing business into mainland China starting from the fiscal year ending March 31, 2025, which is expected to create new opportunities[128] - The company plans to fully utilize the net proceeds for settling additional employee salaries by the end of the fiscal year ending March 31, 2025[75] - The company anticipates that the net proceeds for settling rental payments will be fully utilized by the end of the fiscal year ending March 31, 2025[77] Risks and Uncertainties - The company faces significant uncertainty regarding its ability to continue as a going concern, dependent on the successful implementation of its plans and measures[89] - The group relies on subcontractors for printing services, which may impact business and reputation if they fail to meet requirements[173]

Financial Performance - The company's revenue for the first half of 2023 was approximately HKD 35.9 million, a decrease of about 28.7% compared to HKD 50.3 million in the first half of 2022[10]. - Gross profit decreased from approximately HKD 7.4 million in the first half of 2022 to about HKD 5.6 million in the first half of 2023, maintaining a stable gross margin of around 15%[10][19]. - The net loss attributable to the owners of the company was approximately HKD 9.4 million in the first half of 2023, compared to HKD 9.2 million in the same period of 2022[10][13]. - The total comprehensive loss attributable to owners for the first half of 2023 was approximately HKD 9.4 million, compared to about HKD 9.2 million in the first half of 2022[24]. - The company's revenue for the six months ended September 30, 2023, was HKD 35,916,221, a decrease of 28.6% compared to HKD 50,341,607 in the same period of 2022[87]. - Gross profit for the same period was HKD 5,571,756, down 24.3% from HKD 7,358,624 year-on-year[87]. - Operating loss increased slightly to HKD 8,972,427 from HKD 8,750,184 in the previous year, indicating a 2.5% increase in losses[87]. - The total comprehensive loss for the period was HKD 9,433,765, compared to HKD 9,244,651 in the prior year, reflecting a 2.0% increase in losses[87]. - Basic and diluted loss per share improved to HKD (0.96) from HKD (1.03) year-on-year, showing a reduction in loss per share by 6.8%[87]. Cost Management - The total sales cost decreased from approximately HKD 43.0 million in the first half of 2022 to about HKD 30.3 million in the first half of 2023, aligning with the revenue decline[18]. - Other income decreased significantly from approximately HKD 3.7 million in the first half of 2022 to about HKD 89,000 in the first half of 2023, primarily due to the absence of government subsidies in 2023[20]. - Administrative and other expenses decreased by approximately HKD 3.0 million or 14.9%, from about HKD 20.1 million in the first half of 2022 to approximately HKD 17.1 million in the first half of 2023[22]. - The company faces challenges in controlling production costs, particularly due to fluctuations in raw material procurement costs and increasing labor costs in Hong Kong[40]. Asset Management - Property, plant, and equipment decreased from approximately HKD 9.9 million as of March 31, 2023, to about HKD 5.9 million as of September 30, 2023, mainly due to the sale of a six-color printing machine[25]. - Right-of-use assets increased by approximately 244.2%, from about HKD 8.0 million as of March 31, 2023, to approximately HKD 27.5 million as of September 30, 2023, due to the acquisition of two digital inkjet printing machines[26]. - Trade and other receivables, prepayments, and deposits increased from approximately HKD 6.0 million as of March 31, 2023, to about HKD 13.4 million as of September 30, 2023[28]. - Cash and cash equivalents decreased from approximately HKD 5.0 million as of March 31, 2023, to about HKD 2.5 million as of September 30, 2023, primarily due to declining operating performance[29]. - Lease liabilities increased from approximately HKD 11.3 million as of March 31, 2023, to about HKD 27.5 million as of September 30, 2023, mainly due to the acquisition of new printing machines[30]. Business Development - The company acquired two new four-color digital inkjet printing machines (model: Jet Press 750S) to enhance printing efficiency and reduce fixed costs[14]. - In August 2023, the company rented several properties in Kwun Tong and established a joint venture with an independent third party to expand its revenue sources[14]. - The company remains optimistic about its future business prospects and plans to continue investing in technology, talent, and innovation to maintain a competitive edge[15]. Shareholder and Corporate Governance - The company plans to increase its authorized share capital from HKD 20 million to HKD 200 million, pending shareholder approval[64]. - The board proposed a rights issue to raise approximately HKD 34.43 million by issuing 299,400,000 rights shares at a subscription price of HKD 0.115 per share[65]. - New Metro Inc. currently holds 354,659,000 existing shares, equivalent to 35.54% of the company's issued share capital, which may increase to 340,931,800 shares post-rights issue, representing 68.32%[66]. - The estimated net proceeds from the rights issue, after deducting all estimated expenses, will be approximately HKD 32.81 million[65]. - The company has applied for a waiver under the Takeovers Code regarding mandatory offer obligations due to the potential increase in New Metro's shareholding[66]. - The rights issue is contingent upon the completion of a share consolidation, which will affect the number of shares held by existing shareholders[65]. - The company has adopted a stock option plan with a total of 90,000,000 options available for grant as of September 30, 2023[76]. - The company maintains a high level of corporate governance, adhering to all principles of the GEM Listing Rules Appendix 15, except for a deviation regarding the roles of the Chairman and CEO[77]. - The company has established an audit committee composed of three independent non-executive directors to oversee financial reporting and internal controls[85]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and believes they comply with applicable accounting standards and GEM Listing Rules[85]. Employee and Operational Insights - The group employed 55 full-time employees as of September 30, 2023, down from 85 employees a year earlier, with employee costs amounting to approximately HKD 10.5 million[33]. - As of September 30, 2023, the company's net current liabilities amounted to approximately HKD 8.4 million, indicating liquidity risk[44]. - The company has incurred approximately HKD 5.0 million in lease payments for four digital printing machines, with installation completed in June 2020[51]. - The company has successfully upgraded its IT systems, including the completion of its website and mobile application in 2020[51]. - The company has a future plan to utilize the remaining unutilized proceeds based on the proposed purposes outlined in the announcements[57].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 UNIVERSE PRINTSHOP HOLDINGS LIMITED 環 球 印 館 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） 8448 （股份代號： ） 截至二零二三年九月三十日止六個月之中期業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特點 GEM 之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方 作出投資決定。 GEM GEM 鑒於 上市公司通常為中小型公司，在 買賣的證券可能會較於聯交所主板買賣的證 GEM 券承受較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 ...

Financial Performance - The company's revenue for Q1 2023 was approximately HKD 16.7 million, a decrease of about 29.4% compared to HKD 23.7 million in Q1 2022[7] - The gross profit fell from approximately HKD 4.3 million in Q1 2022 to about HKD 2.4 million in Q1 2023, reflecting a consistent decline with revenue[7] - The net loss for Q1 2023 was approximately HKD 4.4 million, compared to a net loss of about HKD 3.7 million in Q1 2022[8] - Excluding one-off items, the operating loss for Q1 2023 was approximately HKD 5.6 million, compared to about HKD 4.5 million in Q1 2022[8] - The gross margin decreased from approximately 18.1% in Q1 2022 to about 14.2% in Q1 2023, primarily due to increased fixed costs from reduced production[17] - Total sales costs decreased from approximately HKD 19.4 million in Q1 2022 to about HKD 14.3 million in Q1 2023, aligning with the revenue decline[16] - Administrative and other expenses for Q1 2023 were approximately HKD 8.4 million, a decrease of about HKD 1.5 million or 14.7% compared to Q1 2022's HKD 9.9 million, primarily due to reduced employee costs[21] - The attributable loss and total comprehensive income for Q1 2023 was approximately HKD 4.4 million, compared to HKD 3.7 million in Q1 2022, with an operating loss of approximately HKD 5.6 million in Q1 2023 versus HKD 4.5 million in Q1 2022[22] - The company recorded a one-time loss of approximately HKD 0.2 million related to lease revisions in Q1 2023, compared to a gain of HKD 0.2 million in Q1 2022[22] - The company recognized a gain of approximately HKD 2.1 million from the sale of properties, plants, and equipment in Q1 2023, with no such gain reported in Q1 2022[22] Shareholder Information - The total number of shares held by major shareholders includes 354,659,000 shares (35.54%) held by New Metro, and 506,525,000 shares (50.75%) held collectively by certain individuals[31] - The company’s major shareholders include Mr. Lin Cheng Tai with 354,659,000 shares (35.54%) and Mr. Zhou Wenqiang with 41,366,000 shares (4.14%) as beneficial owners[26] - The company’s total issued share capital as of June 30, 2023, was approximately 1,000 million shares, with major shareholders holding significant stakes[31] - Major shareholders collectively hold 506,525,000 shares, representing approximately 50.75% of the total issued share capital as of June 30, 2023[33] - The company’s ultimate parent is New Metro Inc., which holds approximately 50.75% of the shares following a recent share issuance[49] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix 15 for the three months ending June 30, 2023[36] - The company emphasizes high-quality board governance, internal controls, transparency, and accountability to protect shareholder interests[36] - The company has confirmed compliance with the trading code for directors as per GEM Listing Rules during the reporting period[37] - There are no known interests or short positions held by directors or major shareholders in any competing business as of June 30, 2023[41] Future Outlook and Strategy - Future outlook remains optimistic, with continued investments in technology, talent, and innovation to maintain competitive advantage[13] - The company’s operational strategies include potential market expansion and new product development, although specific details were not disclosed in the provided content[24] - The company continues to focus on its core business of general printing services and trading of printing products, with no new product launches or significant market expansions reported[51] Subscription and Capital Raising - The company completed a subscription agreement on May 3, 2023, for a total of 98,000,000 new ordinary shares at a subscription price of HKD 0.04 per share, raising approximately HKD 3.73 million net[40] - The net proceeds from the subscription will be used to repay current liabilities, including trade and other payables[40] - The subscription shares had a market value of approximately HKD 2.55 million based on the closing price of HKD 0.026 per share on the subscription agreement date[39] - The company issued new shares during the quarter, raising HKD 3,729,775 after deducting transaction costs[45] Tax and Compliance - The income tax expense for the period was HKD 67,412, down 82.3% from HKD 381,608 in the same period last year[58] - The audit committee has reviewed the unaudited financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[42] Revenue Breakdown - For the three months ended June 30, 2023, the total revenue was HKD 16,704,306, a decrease of 29.4% compared to HKD 23,659,292 for the same period in 2022[55] - The revenue breakdown includes HKD 12,564,949 from offset printing, HKD 1,170,477 from digital printing, HKD 2,923,901 from inkjet printing, and HKD 44,979 from other services[55] - The company has no customers contributing more than 10% of total revenue, indicating a diversified customer base[55] - The company operates solely in Hong Kong, with all revenue derived from external customers located there[57] - The company has no non-current assets located outside of Hong Kong[57] Loss Per Share - Basic and diluted loss per share for the quarter was HKD 0.45, compared to HKD 0.41 for the same period last year[43] - There are no diluted potential ordinary shares issued, so the diluted loss per share is the same as the basic loss per share[61]

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 倚賴該等內容而引致的任何損失承擔任何責任。 UNIVERSE PRINTSHOP HOLDINGS LIMITED 環 球 印 館 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） 8448 （股份代號： ） 截至二零二三年六月三十日止三個月之第一季度業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特點 GEM 之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方 作出投資決定。 GEM GEM 鑒於 上市公司通常為中小型公司，在 買賣的證券可能會較於聯交所主板買賣的證 GEM 券承受較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 ...

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 倚賴該等內容而引致的任何損失承擔任何責任。 UNIVERSE PRINTSHOP HOLDINGS LIMITED 環 球 印 館 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） 8448 （股份代號： ） 截至二零二三年三月三十一日止年度年度業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM 之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後 方作出投資決定。 GEM GEM 由於 上市公司通常為中小型公司，在 買賣之證券可能會較於聯交所主板買賣之證 GEM 券承受較大之市場波動風險，同時無法保證在 買賣之證券會有高流通量的市場。 ...

Financial Performance - For the nine months ended December 31, 2022, the company's revenue was approximately HKD 77.8 million, a decrease of about HKD 16.4 million or 17.4% compared to the same period in 2021[5]. - The gross profit decreased from approximately HKD 22.7 million in Q3 2021 to approximately HKD 12.6 million in Q3 2022, with a gross profit margin dropping from about 24.2% to 16.1%[12]. - The company recorded a loss attributable to owners of approximately HKD 13.1 million in Q3 2022, compared to a profit of approximately HKD 2.0 million in Q3 2021[9]. - Excluding one-off items, the loss attributable to owners in Q3 2022 was approximately HKD 15.4 million, compared to a profit of approximately HKD 1.7 million in Q3 2021[9]. - For the nine months ended December 31, 2022, the company's revenue was HKD 77,771,607, a decrease of 17.4% compared to HKD 94,174,445 for the same period in 2021[36]. - The gross profit for the same period was HKD 12,550,738, down 44.7% from HKD 22,749,895 in the previous year[36]. - The company reported a net loss attributable to shareholders of HKD 13,087,648 for the nine months ended December 31, 2022, compared to a profit of HKD 1,956,079 in the same period of 2021[36]. - The basic and diluted loss per share for the nine months was HKD (1.45), compared to earnings of HKD 0.22 per share in the previous year[36]. Expenses and Costs - Selling and administrative expenses increased to approximately HKD 28.7 million in Q3 2022, up from approximately HKD 20.8 million in Q3 2021, primarily due to legal and professional fees related to a mandatory cash offer and increased salary costs[16]. - One-off items in Q3 2022 included a loss of approximately HKD 0.2 million from retail lease modifications, a gain of approximately HKD 0.6 million from the sale of properties, and government subsidies of approximately HKD 3.3 million[17]. Revenue Sources - The revenue from offset printing for the nine months ended December 31, 2022, was HKD 59,684,677, down 13.5% from HKD 68,976,811 in the previous year[47]. - For the nine months ended December 31, 2022, the group's revenue from general printing services and trading of printing products was HKD 77,771,607, a decrease of 17.4% compared to HKD 94,174,445 for the same period in 2021[47]. - The group has a diversified customer base, with no single customer accounting for more than 10% of total revenue for the nine months ended December 31, 2022[48]. Corporate Governance - The company has established an audit committee to oversee financial reporting and internal controls, ensuring compliance with relevant laws and regulations[34]. - The company emphasizes high standards of corporate governance, adhering to the GEM Listing Rules and maintaining transparency and accountability[29]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the GEM Listing Rules[30]. - The company plans to continue reviewing and improving its corporate governance practices to ensure prudent regulation of its business activities and decision-making processes[29]. Shareholder Information - As of December 31, 2022, major shareholders collectively held approximately 56.28% of the company's issued share capital[23]. - Mr. Lin Cheng Tai holds 39.40% of the company's shares and has joint holdings of 16.88% with another party[20]. - Mr. Zhou Wenqiang and Mr. Xu Qingnai hold 4.60% and 12.28% of the company's shares, respectively, with additional joint holdings[20]. - New Metro Inc. agreed to acquire a total of 354,354,000 shares from certain shareholders, representing approximately 39.37% of the company's issued share capital as of the agreement date[41]. - The acquisition agreement and the associated action commitment among the parties took effect on April 4, 2022, consolidating control over approximately 56.25% of the company's issued shares[41]. Market Conditions - The decrease in revenue was mainly attributed to reduced demand for printing services due to the COVID-19 pandemic in Hong Kong[11]. - Other income in Q3 2022 included government subsidies of approximately HKD 3.3 million related to COVID-19 support programs[13]. Dividend Policy - The board does not recommend any dividend payment for Q3 2022, consistent with Q3 2021[6]. - The board did not recommend the payment of a dividend for Q3 2022, consistent with Q3 2021[18].

Financial Performance - For the six months ended September 30, 2022, the company's revenue was approximately HKD 50.3 million, a decrease of about 13.0% compared to approximately HKD 57.9 million for the same period in 2021[9]. - The gross profit decreased from approximately HKD 13.8 million in the first half of 2021 to approximately HKD 7.4 million in the first half of 2022, consistent with the revenue decline[10]. - The company recorded a loss attributable to owners of approximately HKD 9.2 million for the first half of 2022, compared to a profit of approximately HKD 0.06 million for the same period in 2021[10]. - Excluding one-off items, the loss attributable to owners for the first half of 2022 was approximately HKD 11.5 million, compared to a loss of approximately HKD 0.17 million for the same period in 2021[10]. - The company reported unaudited revenue of HKD 50,341,607 for the six months ended September 30, 2022, a decrease of 13% compared to HKD 57,864,213 in the same period last year[72]. - Gross profit for the same period was HKD 7,358,624, down 47% from HKD 13,766,339 year-on-year[72]. - Operating loss for the six months was HKD 8,750,184, compared to an operating profit of HKD 755,093 in the previous year[72]. - The company recorded a net loss attributable to shareholders of HKD 9,244,651, compared to a profit of HKD 55,854 in the same period last year[72]. - Basic and diluted loss per share was HKD (1.03), compared to earnings of HKD 0.01 per share in the previous year[72]. - The total comprehensive loss for the six months ended September 30, 2022, was HKD 9,244,651, compared to a total comprehensive income of HKD 55,854 for the same period in 2021[78]. Cash Flow and Liquidity - The company incurred a net cash outflow from operating activities of HKD 5,559,468 for the six months ended September 30, 2022, compared to a net cash inflow of HKD 5,848,309 in the same period of 2021[80]. - The company's cash and cash equivalents decreased significantly to HKD 5,105,380 from HKD 19,112,762 as of March 31, 2022[74]. - The company’s cash and cash equivalents decreased by HKD 14,007,382, ending at HKD 5,105,380 as of September 30, 2022, down from HKD 25,054,447 at the end of the same period in 2021[80]. - The company’s operational cash flow was significantly impacted, with a decrease of HKD 11,204,063 in cash flow from operating activities compared to the previous year[80]. Expenses and Liabilities - Selling and administrative expenses increased to approximately HKD 20.1 million in the first half of 2022, up from approximately HKD 13.8 million in the first half of 2021, primarily due to increased legal and professional fees, salary costs, and new flagship store rental payments[21]. - The company’s total liabilities increased, with cumulative losses reaching HKD 48,144,908 as of September 30, 2022, compared to HKD 34,397,638 at the end of the previous period[78]. - Current liabilities amounted to HKD 23,446,184, compared to HKD 25,064,682 as of March 31, 2022[76]. - Total trade and other payables as of September 30, 2022, were HKD 12,022,808, a decrease from HKD 15,748,679 as of March 31, 2022[101]. Shareholder Information - The board of directors did not recommend the payment of any dividends for the first half of 2022, consistent with the previous year[11]. - No dividend was recommended for the six months ended September 30, 2022, consistent with the previous year[96]. - As of September 30, 2022, major shareholders hold approximately 56.28% of the company's total issued share capital through a concert party agreement[60]. - Mr. Lin Cheng Tai holds 39.40% of the company's shares and an additional 16.88% in joint holdings[55]. - Mr. Zhou Wenqiang and Mr. Xu Qingnai hold 4.60% and 12.28% of the company's shares, respectively, with additional joint holdings[55]. Operational Developments - The company primarily provides printing services to clients in Hong Kong, including offset printing, inkjet printing, and digital printing[13]. - The company opened two flagship stores under the "印館" brand in Kwun Tong and Wanchai, and relocated two stores in Mong Kok and Yuen Long to enhance market competitiveness[23]. - The company plans to continue exploring horizontal expansion and service diversification opportunities in response to the uncertain economic recovery outlook due to COVID-19[15]. - The group reported a significant reduction in sales orders during the pandemic period, indicating a direct impact on revenue[37]. Assets and Investments - Total assets as of September 30, 2022, were HKD 39,575,186, a decrease from HKD 49,358,978 as of March 31, 2022[74]. - Non-current assets increased to HKD 24,712,193 from HKD 20,126,925 as of March 31, 2022[74]. - The company acquired property, plant, and equipment amounting to HKD 4.4 million during the six months ended September 30, 2022, while there were no acquisitions in the same period of 2021[97]. - The company completed the procurement of printing-related machinery valued at approximately HKD 2.0 million in April and July 2020[50]. Risks and Challenges - The group faces risks related to fluctuations in raw material procurement costs and employee costs, which could adversely affect operational and financial performance[39]. - The group relies on subcontractors for certain production processes, which poses risks to business operations and reputation if subcontractors fail to meet standards[40]. - The group does not have long-term contracts with suppliers, which may lead to supply shortages and production delays, negatively impacting business performance[41]. - The group anticipates that its financial performance in 2023 may still be affected by the severity of COVID-19 outbreaks globally and the latest developments in pandemic control measures[37]. Governance and Compliance - The company has established an audit committee to oversee financial reporting and internal controls, ensuring compliance with applicable laws and regulations[69]. - The board is not aware of any post-reporting period matters that require disclosure[53].