二零一九年/二零二零年第一季度業績報告 承蒙信賴，深感榮耀 EDICO Holdings Limited 鉅京控股有限公司* (於開曼群島註冊成立之有限公司) 股份代號 : 8450 * 僅供識別 YOUR CHOICE, OUR PRIDE * For identication purpose only EDICO Holdings Limited 鉅京控股有限公司* (Incorporated in the Cayman Islands with limited liability) Stock code : 8450 First Quarterly Report 2019/2020 摺線 聯交所GEM（分別為（「聯交所」）及「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。有意投資之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。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交 所主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之 證券會有高流通量之市場。 香港交易 ...

Financial Performance - For the fiscal year ending September 30, 2019, the company's revenue was approximately HKD 60.0 million, a decrease of about 33.8% compared to the previous year[20]. - The gross profit for the same period was approximately HKD 24.4 million, reflecting a decrease of 47.0% year-over-year[20]. - The company reported a loss attributable to owners of approximately HKD 11.5 million, compared to a profit of HKD 4.7 million in the previous year[20]. - Revenue for the year ended September 30, 2019, was approximately HKD 59.98 million, a decrease of 33.9% from HKD 90.61 million in 2018[29]. - Gross profit decreased by 47.2% to approximately HKD 24.44 million, with a gross margin of 40.8% compared to 50.9% in 2018[34]. - The company recorded a net loss of approximately HKD 11.54 million for the year, compared to a profit of HKD 4.74 million in 2018, resulting in a net loss margin of 19.2%[29][40]. - The total asset return rate fell to approximately -13.8% in 2019 from 4.6% in 2018, reflecting the financial challenges faced[42]. - The equity return rate also declined to approximately -16.8% in 2019 from 5.6% in 2018, indicating a significant drop in profitability[43]. - The company did not recommend a final dividend for the year, contrasting with a dividend of HKD 0.005 per share in 2018[44]. Market Conditions - The company faced challenges due to the ongoing trade tensions between China and the United States, which affected investor confidence[20]. - The number of initial public offerings (IPOs) in Hong Kong significantly declined in the first nine months of 2019 compared to the same period in 2018[20]. Customer and Supplier Concentration - The five largest customers accounted for approximately 22.7% of total revenue in 2019, up from 19.0% in 2018, indicating a slight increase in customer concentration[28]. - The top five suppliers represented about 43.0% of the total service costs, up from 40.3% in 2018, with the largest supplier accounting for approximately 16.2% of total service costs[137]. Operational Improvements - The company has renovated and upgraded its office facilities to enhance the working experience for clients[21]. - Employee workspace has been expanded to provide a better working environment, aimed at improving efficiency[21]. - The company aims to enhance service quality and competitiveness by investing in resources and employee training[23][31]. - The company has upgraded its computer and email systems, as well as server configurations, to improve operational efficiency[66]. Use of IPO Proceeds - The net proceeds from the IPO amounted to approximately HKD 28.7 million after deducting underwriting commissions and related listing expenses[59]. - The planned use of net proceeds includes upgrading the Central office and establishing a new office with a total planned expenditure of HKD 34.6 million, of which HKD 13.9 million has been utilized as of September 30, 2019[62]. - The actual application of funds for expanding the workforce was HKD 7.5 million, with an additional HKD 2.1 million spent on equipment and software upgrades[62]. - The company plans to extend the use period of the proceeds from March 31, 2020, to March 31, 2021, due to competitive market conditions and economic slowdown[66]. Management and Governance - The company has a strong management team with over 20 years of experience in finance and accounting, including independent non-executive directors with significant qualifications[71][73][74]. - The Chief Financial Officer, Zheng Guiyi, has over 20 years of experience in accounting and financial management, overseeing daily operations since joining the group in April 2010[75][76]. - The company emphasizes the importance of independent opinions in its board structure, with independent non-executive directors serving on various committees[73][74]. - The company has a commitment to maintaining high standards of corporate governance, as evidenced by the qualifications of its board members and management team[71][73]. - The company is actively involved in risk management, with independent directors participating in the risk management committee[73]. Compliance and Regulations - The company has established internal rules to ensure compliance with applicable laws and regulations in Hong Kong[90]. - The company has confirmed the independence of its independent non-executive directors according to GEM Listing Rules[108]. - The company has complied with all applicable corporate governance code provisions as per GEM Listing Rules Appendix 15 during the year[159]. Charitable Contributions - The company made charitable donations of HKD 20,000 this year, compared to zero in 2018[150]. Financial Summary - The financial summary of the company's performance over the past five fiscal years is detailed in the annual report[97]. - As of September 30, 2019, the company's distributable reserves were approximately HKD 37.2 million[104].

Financial Performance - For the nine months ended June 30, 2019, the group's unaudited revenue was approximately HKD 45.8 million, a decrease of about 30.9% compared to the same period in 2018[4]. - The group's unaudited gross profit for the nine months ended June 30, 2019, was approximately HKD 18.2 million, a decrease of about 46.5% compared to the same period in 2018[6]. - The group recorded an unaudited net loss of approximately HKD 6.7 million for the nine months ended June 30, 2019, compared to a net profit of approximately HKD 1.8 million for the same period in 2018[6]. - Basic loss per share for the nine months ended June 30, 2019, was HKD 0.67, compared to basic earnings per share of HKD 0.21 for the same period in 2018[6]. - The group recorded a loss of approximately HKD 6.7 million after tax for the nine months ended June 30, 2019, compared to a profit of approximately HKD 1.8 million for the same period in 2018[38]. - Gross profit fell by approximately 46.5%, from about HKD 34.0 million to about HKD 18.2 million, primarily due to the decline in revenue from listing-related documents[32]. Revenue Breakdown - For the three months ended June 30, 2019, the group's unaudited revenue was HKD 23.3 million, down from HKD 28.3 million in the same period of 2018[8]. - Revenue from financial printing services for the three months ended June 30, 2019, was HKD 23,303,000, a decrease of 17.5% compared to HKD 28,254,000 for the same period in 2018[18]. - For the nine months ended June 30, 2019, revenue from financial printing services was HKD 45,755,000, down 30.9% from HKD 66,288,000 in the previous year[18]. - The decline in revenue was significantly impacted by a decrease in the number of new clients successfully listed on the stock exchange during the nine months ended June 30, 2019[31]. Expenses and Losses - The group's unaudited loss before tax for the nine months ended June 30, 2019, was HKD 6.7 million, compared to a profit before tax of HKD 4.1 million for the same period in 2018[8]. - The group reported administrative expenses of HKD 23.1 million for the nine months ended June 30, 2019, down from HKD 27.4 million in the same period of 2018[8]. - Employee benefits expenses for the nine months ended June 30, 2019, increased to HKD 18,386,000 from HKD 16,571,000 in 2018, reflecting a rise of 10.9%[24]. - Selling and distribution expenses decreased from approximately HKD 2.6 million to about HKD 2.4 million, mainly due to a reduction in employee costs and compensation expenses[35]. - Administrative expenses decreased from approximately HKD 27.4 million to about HKD 23.1 million, primarily due to the absence of non-recurring listing expenses[36]. Dividends and Equity - The board of directors decided not to declare any dividends for the nine months ended June 30, 2019, compared to zero dividends in 2018[6]. - The company did not declare any dividends for the nine months ended June 30, 2019, consistent with the previous year[25]. - The total equity attributable to owners of the company as of June 30, 2019, was HKD 73.6 million, a decrease from HKD 82.4 million as of June 30, 2018[10]. Compliance and Governance - The company has appointed a compliance advisor, who has declared its independence, and there are no interests in the company's securities held by the compliance advisor or its associates[55]. - The company has adhered to all corporate governance code provisions as outlined in the GEM Listing Rules during the nine months ended June 30, 2019[56]. - The financial information in the report has not been audited by the company's independent auditor, but the audit committee has reviewed the unaudited consolidated results and found them compliant with applicable accounting standards[59]. Operational Plans - The group plans to continue expanding operational capabilities and market share following the completion of office renovations in Central Hong Kong[30]. - The company has identified only one operating segment, which is the provision of financial printing services, with all revenue generated in Hong Kong[19]. - The company has no new implementation or financing plans beyond those disclosed in the prospectus[40].

Financial Performance - For the six months ended March 31, 2019, the group's unaudited revenue was approximately HKD 22.5 million, a decrease of about 40.8% compared to the same period in 2018[4]. - The unaudited gross profit for the same period was approximately HKD 8.7 million, down approximately 55.2% year-on-year[4]. - The group recorded an unaudited net loss of approximately HKD 8.1 million for the six months ended March 31, 2019, compared to a net loss of approximately HKD 3.5 million in the same period of 2018[4]. - Basic loss per share for the six months ended March 31, 2019, was HKD 0.81, compared to HKD 0.43 for the same period in 2018[4]. - The company incurred a total comprehensive loss of HKD 8,139,000 for the six months ended March 31, 2019, compared to a loss of HKD 3,529,000 for the same period in 2018[23]. - The company's revenue decreased by approximately 40.8%, from about HKD 38.0 million for the six months ended March 31, 2018, to about HKD 22.5 million for the six months ended March 31, 2019[32]. - The net loss after tax for the six months ended March 31, 2019, was approximately HKD 8.1 million, compared to a net loss of about HKD 3.5 million for the same period in 2018[32]. - The gross profit fell by approximately 55.2%, from about HKD 19.4 million for the six months ended March 31, 2018, to about HKD 8.7 million for the six months ended March 31, 2019[34]. Dividends and Shareholder Returns - The board of directors resolved not to declare an interim dividend for the six months ended March 31, 2019, compared to an interim dividend of HKD 0.005 per share for the same period in 2018[4]. - The company did not declare an interim dividend for the six months ended March 31, 2019, while it paid a total of HKD 5,000,000 in dividends for the same period in 2018[22]. - The board resolved not to declare an interim dividend for the six months ended March 31, 2019, compared to a dividend of HKD 0.005 per share totaling HKD 5.0 million for the same period in 2018[55]. Assets and Liabilities - As of March 31, 2019, the total net assets were HKD 72.1 million, down from HKD 85.3 million as of September 30, 2018[7]. - Current assets totaled HKD 78.4 million as of March 31, 2019, compared to HKD 103.4 million as of September 30, 2018[7]. - Cash and bank balances as of March 31, 2019, were HKD 49.3 million, down from HKD 62.4 million as of September 30, 2018[7]. - The group’s total equity attributable to owners was HKD 72.1 million as of March 31, 2019, compared to HKD 85.3 million as of September 30, 2018[7]. - The accounts receivable from service contracts amounted to HKD 9,445,000 as of March 31, 2019, compared to HKD 10,974,000 as of September 30, 2018[26]. - The accounts payable as of March 31, 2019, was HKD 3,288,000, down from HKD 7,399,000 as of September 30, 2018[29]. - As of March 31, 2019, the group's cash, bank balances, and time deposits amounted to approximately HKD 49.3 million, down from HKD 62.4 million as of September 30, 2018, with no bank borrowings[40]. - As of March 31, 2019, the group had no significant contingent liabilities[50]. Operational Expenses - Employee benefits expenses, including director remuneration, increased to HKD 12,315,000 for the six months ended March 31, 2019, from HKD 10,284,000 in the same period of 2018[21]. - Sales and distribution expenses decreased from approximately HKD 1.8 million for the six months ended March 31, 2018, to approximately HKD 1.1 million for the six months ended March 31, 2019, primarily due to a reduction in employee costs and compensation expenses[36]. - Administrative expenses fell from approximately HKD 20.0 million for the six months ended March 31, 2018, to approximately HKD 16.1 million for the six months ended March 31, 2019, mainly due to the absence of non-recurring listing expenses[37]. - The service costs decreased by approximately 26.2%, from about HKD 18.7 million for the six months ended March 31, 2018, to about HKD 13.8 million for the same period in 2019[33]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD 4,936,000 for the six months ended March 31, 2019, compared to a net cash inflow of HKD 2,872,000 for the same period in 2018[6]. - The company’s financing activities resulted in a net cash outflow of HKD 5,000,000 for the six months ended March 31, 2019, compared to a net inflow of HKD 46,735,000 in the same period of 2018[6]. - The company’s cash and cash equivalents decreased by HKD 13,088,000, ending at HKD 49,301,000 as of March 31, 2019, compared to HKD 68,548,000 at the end of the previous period[6]. - Interest income from investment activities increased to HKD 331,000 for the six months ended March 31, 2019, compared to HKD 5,000 in the same period of 2018[6]. Capital Expenditures and Investments - The total cost of property, plant, and equipment purchased was approximately HKD 3,483,000 for the six months ended March 31, 2019, compared to about HKD 155,000 for the same period in 2018[25]. - Capital expenditures for the six months ended March 31, 2019, were approximately HKD 3.5 million, primarily for office renovations and equipment purchases in Central, Hong Kong[41]. - The net proceeds from the share issuance on February 2, 2018, amounted to approximately HKD 28.7 million, which will be utilized as outlined in the prospectus[42]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as outlined in the GEM Listing Rules Appendix 15 up to March 31, 2019[64]. - The audit committee has reviewed the unaudited condensed consolidated results for the six months ended March 31, 2019, ensuring compliance with applicable accounting standards[67]. Shareholding Structure - As of March 31, 2019, Achiever Choice Limited holds 750,000,000 shares, representing 75% of the company's equity[57]. - Mr. Chan is the beneficial owner of Achiever Choice, which owns 750,000,000 shares, accounting for 75% of the issued share capital of the company[59]. - There were no share options granted or exercised under the share option scheme as of March 31, 2019[61]. Future Plans - The company plans to continue expanding operational capabilities and market share following the completion of office renovations in Central Hong Kong[32]. - The company aims to utilize its status as a listed entity to maximize shareholder value through strategic allocation of IPO proceeds[32].

Financial Performance - For the three months ended December 31, 2018, the group's unaudited revenue was approximately HKD 14.4 million, a decrease of about 46.5% compared to HKD 26.9 million in the same period of 2017[5] - The unaudited gross profit for the same period was approximately HKD 7.9 million, down approximately 51.2% from HKD 16.2 million in 2017[5] - The group recorded an unaudited net profit of approximately HKD 0.4 million for the three months ended December 31, 2018, compared to HKD 5.9 million in the same period of 2017[5] - Basic earnings per share for the three months ended December 31, 2018, were HKD 0.04, a significant decrease from HKD 0.78 in the same period of 2017[5] - The total comprehensive income attributable to owners of the company for the period was HKD 395,000, compared to HKD 5.9 million in the same period of 2017[6] - The group's pre-tax profit for the three months ended December 31, 2018, was HKD 492,000, a significant decline from HKD 7.5 million in the same period of 2017[6] - Revenue from the listing-related documents segment fell by approximately HKD 12.3 million from about HKD 19.9 million in 2017 to about HKD 7.6 million in 2018[25] - The company's net profit after tax dropped from approximately HKD 5.9 million in 2017 to about HKD 0.4 million in 2018[33] Expenses - The group's administrative expenses for the three months ended December 31, 2018, were approximately HKD 7.1 million, slightly down from HKD 7.9 million in 2017[6] - Employee benefits expenses increased from approximately HKD 4.965 million in 2017 to about HKD 5.512 million in 2018[21] - Administrative expenses decreased from approximately HKD 7.9 million in 2017 to about HKD 7.1 million in 2018, mainly due to the absence of non-recurring listing expenses[31] - The income tax expense decreased from approximately HKD 1.6 million for the three months ended December 31, 2017, to about HKD 0.1 million for the same period in 2018[32] Dividends - The board of directors decided not to declare any dividend for the three months ended December 31, 2018, consistent with the previous year[5] - The company did not declare any dividends for the three months ended December 31, 2018, consistent with the previous year[22] - No dividend was declared for the three months ended December 31, 2018, consistent with the same period in 2017, which also had zero dividends[37] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules during the three months ended December 31, 2018[50] - The board of directors is committed to adopting current best practices in corporate governance[50] - The company has established an audit committee to review and supervise the financial reporting process and internal controls[53] - There were no conflicts of interest reported between the group and any directors or major shareholders during the reporting period[48] Company Information - The company was incorporated in the Cayman Islands and its shares were listed on the GEM of the Hong Kong Stock Exchange on February 2, 2018[10] - The company primarily engages in financial printing services in Hong Kong[11] - As of December 31, 2018, Achiever Choice Limited owned 750,000,000 shares, representing 75% of the company's equity[41] - The company has not issued any share options under the share option scheme since its adoption, and there were no share options outstanding as of December 31, 2018[46] Other Information - The financial information for the three months ended December 31, 2018, has not been audited by the independent auditor[53] - There were no purchases, sales, or redemptions of the company's listed securities during the three months ended December 31, 2018[51] - No significant events requiring disclosure were known to the board after December 31, 2018[38] - The company plans to continue expanding operational capabilities and market share following the completion of office renovations and upgrades to hardware and software systems[26] - The weighted average number of ordinary shares used to calculate basic earnings per share increased from 750,000 in 2017 to 1,000,000 in 2018[23]