Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 28,626,000, a decrease of 21.3% compared to HKD 37,630,000 for the same period in 2023[5] - Gross profit for the same period was HKD 5,091,000, down 60.7% from HKD 12,980,000 in the previous year[5] - The company recorded a loss before tax of HKD 1,904,000, compared to a loss of HKD 1,238,000 in the prior year, indicating a 53.7% increase in losses[5] - Basic and diluted loss per share was HKD 0.90, compared to HKD 0.59 in the previous year, representing a 52.5% increase in loss per share[5] - The group's revenue decreased by approximately 23.9%, from about HKD 37,600,000 in the corresponding period to about HKD 28,600,000 in the current period[65] - Gross profit decreased by approximately 60.8%, from about HKD 13,000,000 to about HKD 5,100,000, with a gross profit margin dropping from 34.5% to 17.8%[66] - The group's pre-tax loss increased by approximately 53.8%, from about HKD 1,200,000 to about HKD 1,900,000[70] Cash Flow and Assets - The company's cash generated from operating activities for the six months ended September 30, 2024, was HKD 11,240,000, compared to HKD 5,827,000 for the same period in 2023, representing an increase of approximately 93%[12] - The company's cash and cash equivalents increased to HKD 15,610,000 at the end of the period, up from HKD 7,201,000 at the end of the same period in 2023, reflecting a growth of approximately 117%[17] - As of September 30, 2024, the group had cash and bank balances of approximately HKD 15,600,000, up from about HKD 4,400,000 on March 31, 2024[76] - Trade receivables decreased to HKD 26,903,000 from HKD 38,847,000, reflecting a decline of 30.7%[7] - The company's net assets decreased to HKD 3,861,000 from HKD 5,765,000, a decline of 33.0%[7] Liabilities and Expenses - Current liabilities decreased to HKD 44,087,000 from HKD 42,611,000, showing a slight increase of 3.5%[7] - The company reported interest expenses on other borrowings of HKD 251,000 for the six months ended September 30, 2024, compared to HKD 172,000 in 2023, indicating an increase of approximately 46%[30] - Finance costs increased by approximately 64.2%, from about HKD 173,000 to about HKD 284,000 due to an increase in lease liabilities[69] - Depreciation expenses for the period amounted to approximately HKD 569,000, compared to HKD 576,000 for the six months ended September 30, 2023[36] Business Operations - The company operates primarily in the sale of baby and children's clothing through retail stores and department store counters in Hong Kong, as well as wholesale sales in the UK and China[25] - The company continues to focus on its core business of children's apparel, with no new product launches or major market expansions reported during this period[26] - The company has not disclosed any new product developments or market expansion strategies in the report[5] - There were no significant mergers or acquisitions mentioned in the financial results[5] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the period[117] - The company has adhered to the corporate governance code and regularly reviews its compliance[110] - The company has established an audit committee to oversee financial reporting and internal controls[116] - The executive directors include Mr. Yao Ruhe (Chairman), Ms. Jin Zhenfang, and Ms. Zuo Yu[118] - Independent non-executive directors consist of Mr. Lang Yonghua, Ms. Huang Yingyu, and Mr. Hu Zijing[118] Share Option Plan - The company has adopted a share option plan on December 28, 2017, with amendments made on April 28, 2023[91] - The total number of shares available for issuance under the share option plan is capped at 10% of the total issued shares as of April 28, 2023, which amounts to 21,152,472 shares[94] - Each participant in the share option plan is limited to a maximum allocation of 1% of the total issued shares during any 12-month period[96] - The share option plan will remain effective for ten years from the adoption date, expiring on December 27, 2027[98] - A nominal price of HKD 1 is payable upon acceptance of the share options[101] - As of September 30, 2024, the company has 21,152,472 shares available for grant under the share option plan[104] - There were no share options granted, exercised, cancelled, or lapsed under the share option plan during the period[104] Employment and Workforce - The group employed approximately 32 employees in Hong Kong as of September 30, 2024, down from 34 employees as of March 31, 2024[85] Future Outlook - The board anticipates that business performance will be under pressure in the coming year due to ongoing uncertainties related to COVID-19 and geopolitical tensions[72] - The group plans to explore various suitable investment opportunities to diversify its business and strengthen overall business development[75] - As of September 30, 2024, the group has no significant investments or capital asset plans[82] - As of September 30, 2024, the group has no significant contingent liabilities[83] - No significant events affecting the group have occurred since September 30, 2024[84]

Financial Performance - The group's revenue for the fiscal year 2024 decreased by approximately 11.0% to about HKD 69.8 million, down from approximately HKD 78.4 million for the corresponding year[165]. - The group reported a total employer contribution of HKD 288,000 for the 2024 fiscal year, down from HKD 380,000 in the 2023 fiscal year, reflecting a decrease of approximately 24.2%[51]. - The pre-tax loss for the group decreased by approximately 23.3% to about HKD 4.6 million, compared to approximately HKD 6.0 million for the corresponding year[169]. - The group's sales cost increased by approximately 2.4% to about HKD 55.4 million, while gross profit decreased by approximately 40.3% to about HKD 14.5 million, resulting in a gross margin drop from 31.0% to 20.8%[109]. - The revenue for the fiscal year ending March 31, 2024, decreased by approximately HKD 8.6 million compared to the previous year, attributed to ongoing challenges from COVID-19 and market volatility[139]. Cost Management - Administrative and other expenses reduced by approximately 46.2% from about HKD 20.8 million to about HKD 11.2 million, primarily due to cost control measures[6]. - The group's sales and distribution costs decreased by approximately 43.4% from about HKD 12.9 million to about HKD 7.3 million[6]. - The financing cost decreased by approximately 8.1% to about HKD 509,000 due to reduced lease liabilities interest[143]. Capital and Investment - The company plans to raise approximately HKD 55.5 million through a rights issue of 158,643,540 shares at a subscription price of HKD 0.35 per share[24]. - Estimated net proceeds from the rights issue, after deducting costs and expenses, will be approximately HKD 54.3 million[24]. - Approximately HKD 15.4 million from the rights issue will be allocated for rent and management fees over the next 12 months[24]. - The company anticipates exploring various suitable investment opportunities to diversify its business and enhance overall development for better financial returns for shareholders in 2024/2025[10]. Corporate Governance - The board of directors is responsible for overseeing the management and overall performance of the group, ensuring necessary financial and human resources are in place to achieve its goals[61]. - The company has established appropriate insurance arrangements for potential legal claims against directors[39]. - All independent non-executive directors have confirmed their independence in writing, complying with GEM Listing Rules[64]. - The board has set the group's values and standards, and is responsible for formulating business and investment plans and strategies[61]. - The company has independent non-executive directors with extensive operational and financial expertise, contributing to various board committees[38]. - The company has established a Remuneration Committee, effective from January 26, 2018, which currently includes three independent non-executive directors[95]. - The company has set up a Nomination Committee, effective from January 26, 2018, to identify and recommend suitable candidates for board membership[100]. - The board consists of six directors, with independent non-executive directors making up 50% of the board members[200]. - The company emphasizes the importance of good corporate governance to enhance shareholder value[196]. - The company secretary has reminded directors to attend shareholder meetings for effective communication with shareholders[197]. Employee Management - The company aims to provide the most competitive treatment for employees, ensuring fair treatment based on qualifications, experience, responsibilities, and performance[50]. - The company has a commitment to maintaining a safe and equal working environment for all employees[50]. - The group employed approximately 34 staff as of March 31, 2024, down from 46 in 2023[188]. - The company reported that no stock options were granted, exercised, canceled, or lapsed during the year, and there are no unexercised stock options or convertible securities as of March 31, 2024[47]. Strategic Direction - The company aims to reduce physical retail presence in Hong Kong while expanding its online business, reflecting a shift in consumer shopping behavior post-pandemic[137]. - The company plans to enhance its online and social media distribution channels to drive future growth and maintain sustainable and profitable retail operations[110]. - The group has implemented strategic measures to adjust its product mix to align with customer preferences and market trends[110]. - The group is increasing sales efforts for third-party brands alongside its own brand to enhance market presence[110]. - The company is reviewing its existing asset structure and business strategies to adapt to current economic uncertainties and challenges[145]. - The board anticipates that the group's business performance will be impacted by the ongoing COVID-19 pandemic and geopolitical tensions, predicting continued pressure in the coming year[170]. Financial Position - The current ratio as of March 31, 2024, was 1.1, down from 1.3 on March 31, 2023[12]. - The debt-to-asset ratio was approximately 1.3 as of March 31, 2024, compared to 1.1 on March 31, 2023[12]. - As of March 31, 2024, the group had cash and bank balances of approximately HKD 4.4 million, an increase from HKD 1.4 million on March 31, 2023[147]. - The total equity attributable to the company's owners as of March 31, 2024, was approximately HKD 5.8 million, down from HKD 10.4 million on March 31, 2023[148]. - The group has no significant contingent liabilities as of March 31, 2024, consistent with the previous year[157]. - The group has not utilized any financial instruments for hedging purposes in the fiscal year 2024, consistent with the previous fiscal year[148]. - As of March 31, 2024, the group had other borrowings of approximately HKD 11.7 million, unchanged from March 31, 2023[147].

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 69,849,000, a decrease of about HKD 8,588,000 or 10.9% compared to the fiscal year ending March 31, 2023[6]. - The company reported a total comprehensive loss attributable to owners of the company of approximately HKD 4,684,000 for the fiscal year ending March 31, 2024, compared to a loss of approximately HKD 6,008,000 for the fiscal year ending March 31, 2023[6]. - The gross profit for the fiscal year ending March 31, 2024, was HKD 14,485,000, down from HKD 24,338,000 in the previous year, indicating a decline in profitability[8]. - The operating loss for the fiscal year ending March 31, 2024, was HKD 4,056,000, compared to an operating loss of HKD 5,454,000 for the fiscal year ending March 31, 2023[8]. - The company incurred a loss before tax of HKD 4,565,000 for the fiscal year ending March 31, 2024, an improvement from a loss of HKD 6,008,000 in the previous year[8]. - The basic and diluted loss per share for the fiscal year ending March 31, 2024, was HKD 0.02, compared to HKD 0.03 for the fiscal year ending March 31, 2023[8]. - The company reported a revenue of HKD 69,849,000 for 2024, compared to HKD 78,437,000 in 2023, indicating a decline of approximately 11.5%[32]. - The pre-tax loss for the group was HKD 55,364,000 in 2024, slightly up from HKD 54,099,000 in 2023, showing a marginal increase of about 2.3%[35]. - The total employee benefits cost decreased to HKD 5,613,000 in 2024 from HKD 11,469,000 in 2023, a reduction of approximately 51%[35]. - The company reported a loss of HKD 3,611,000 from the sale of a subsidiary in 2024[33]. Assets and Liabilities - As of March 31, 2024, the company reported a net loss of approximately HKD 4,684,000[15]. - The total assets amounted to HKD 5,765,000, while total liabilities were HKD 42,611,000[15]. - Cash and bank balances stood at HKD 4,370,000, a significant increase from HKD 1,373,000 in the previous year[15]. - Trade receivables increased to HKD 38,847,000 from HKD 21,894,000, reflecting a growth of approximately 77%[15]. - The company's current liabilities totaled HKD 42,611,000, compared to HKD 22,970,000 in the previous year, indicating a rise of about 86%[15]. - Non-current assets decreased to HKD 2,879,000 from HKD 4,429,000, a decline of approximately 35%[15]. - The company's equity attributable to owners was HKD 5,765,000, down from HKD 10,449,000, representing a decrease of about 45%[15]. - Inventory levels decreased significantly to HKD 878,000 from HKD 3,863,000, a reduction of approximately 77%[15]. - The company has a total of HKD 11,727,000 in other borrowings, unchanged from the previous year[15]. - The current ratio decreased to 1.1 as of March 31, 2024, down from 1.3 on March 31, 2023[67]. - The debt-to-equity ratio increased to approximately 1.9 as of March 31, 2024, compared to 1.1 on March 31, 2023[67]. Dividends and Shareholder Returns - The board of directors does not recommend the payment of any dividends for the fiscal years ending March 31, 2024, and 2023[6]. - The company has no declared or paid dividends for the years ending 2024 and 2023[50]. - The company has not repurchased any of its listed securities during the fiscal year 2024[92]. Accounting Standards and Compliance - The group has adopted new Hong Kong Financial Reporting Standards effective from April 1, 2023, which do not have a significant impact on the financial position and performance for the current and prior years[18]. - The group has implemented Hong Kong Accounting Standard No. 1 and the revised Practice Note No. 2, which replaces "major accounting policies" with "significant accounting policy information"[19]. - The revised Practice Note clarifies that even if items are not significant, the nature of related transactions may still render accounting policy information significant[20]. - The new guidelines regarding the removal of the offset mechanism for mandatory provident funds and long service payments will take effect on May 1, 2025, impacting how employers account for these payments[21]. - The group has not adopted any new financial reporting standards that have been issued but are not yet effective as of April 1, 2023[23]. - The group’s financial statements for the year ending March 31, 2024, have been reviewed and deemed compliant with applicable accounting standards and GEM listing regulations[100]. Business Operations and Strategy - The group operates a single business segment focused on the sale of infant and children's clothing through retail stores and wholesale channels[26]. - The group plans to explore various suitable investment opportunities to diversify its business and enhance overall business development for better financial returns to shareholders[65]. - The group has implemented strategic measures to adjust its product mix to align with customer preferences and respond to market trends[64]. - The group anticipates that business performance will improve in the fiscal year 2024/2025 as the local economy begins to recover from COVID-19[65]. - The company is reviewing its existing asset structure and business strategies to adapt to future uncertainties[63]. Employee and Governance - The company employed approximately 34 employees in Hong Kong as of March 31, 2024, a decrease from 46 employees in 2023[88]. - The company has complied with all corporate governance codes during the review period[93]. - The company has maintained a sufficient public float of at least 25% of its issued shares, in compliance with GEM listing rules[94]. - The Audit Committee has been established and consists of three independent non-executive directors, ensuring compliance with GEM listing rules and corporate governance standards[98].

Financial Performance - For the six months ended September 30, 2023, the company reported total revenue of HKD 37,630,000, an increase of 7.1% compared to HKD 35,125,000 for the same period in 2022[8] - Gross profit for the same period was HKD 12,980,000, remaining relatively stable compared to HKD 12,982,000 in 2022, indicating a slight decrease of 0.02%[8] - The company recorded a loss before tax of HKD 1,238,000 for the six months ended September 30, 2023, an improvement from a loss of HKD 2,233,000 in the previous year, representing a 44.7% reduction in losses[8] - The basic and diluted loss per share improved to HKD 0.59 from HKD 1.06, reflecting a 44.2% decrease in loss per share year-over-year[8] - The total comprehensive loss for the six months ended September 30, 2023, was HKD 1,238,000, compared to a loss of HKD 2,233,000 for the same period in 2022, indicating a reduction in losses[11] - For the six months ended September 30, 2023, the loss attributable to shareholders was HKD 1,238,000, down from HKD 2,233,000 in 2022, indicating a 44.7% reduction[32] Assets and Liabilities - As of September 30, 2023, total assets amounted to HKD 37,659,000, an increase from HKD 28,990,000 as of March 31, 2023, representing a growth of 29.9%[10] - The company's cash and bank balances increased significantly to HKD 7,201,000 from HKD 1,373,000, marking a substantial rise of 424.5%[10] - Trade receivables rose to HKD 22,874,000 from HKD 21,894,000, indicating a growth of 4.5%[10] - Trade receivables as of September 30, 2023, totaled HKD 22,874,000, slightly up from HKD 22,567,000 as of March 31, 2023[37] - The company reported trade payables of HKD 6,952,000 as of September 30, 2023, an increase from HKD 3,523,000 as of March 31, 2023[40] - Accrued expenses and other payables rose to HKD 13,303,000 as of September 30, 2023, compared to HKD 6,632,000 as of March 31, 2023, reflecting a 100.8% increase[46] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 5,827,000, a significant improvement from a net cash outflow of HKD 9,702,000 in the same period of 2022[14] - The cash and cash equivalents at the end of the period were HKD 7,201,000, compared to HKD 8,080,000 at the end of the same period in 2022[14] Expenses - The company reported a decrease in administrative and other expenses to HKD 7,110,000 from HKD 13,591,000, a reduction of 47.7%[8] - Sales costs rose by approximately 11.3%, from about HKD 22,100,000 to about HKD 24,700,000, aligning with the revenue increase[55] - The group's gross profit slightly decreased by about 0.02%, remaining at approximately HKD 13,000,000, resulting in a gross profit margin decline from 37.0% to 34.5%[55] - The group's financing costs decreased by approximately 46.1%, from about HKD 321,000 to about HKD 173,000, due to a reduction in lease liabilities[58] - The pre-tax loss decreased by approximately 44.6%, from about HKD 2,200,000 to about HKD 1,200,000, mainly due to reduced administrative and other expenses[59] Share Capital and Options - The company’s total issued and paid-up share capital remained at HKD 42,305,000 with 211,524,720 ordinary shares as of September 30, 2023[51] - The company has a total of 21,152,472 shares available for issuance under the share option plan as of September 30, 2023[88] - The share option plan allows for a maximum of 10% of the total issued shares to be granted, which is equivalent to 21,152,472 shares based on the total issued shares as of April 28, 2023[83] - No share options were granted, exercised, cancelled, or lapsed during the reporting period[87] - The share option plan will remain effective for a period of 10 years, expiring on December 27, 2027[84] - The maximum number of options that can be granted to any participant in a 12-month period is capped at 1% of the issued shares[83] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[93] - No significant transactions or contracts were established with directors or their related entities during the reporting period[79] - The company has reminded its directors to attend future shareholder meetings to ensure effective communication with shareholders[94] - No competitive interests were reported by directors or controlling shareholders during the period[96] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[100] Future Outlook - The group plans to maintain sustainable and profitable retail operations while gradually developing online and social media distribution channels to drive future growth[62] - The group anticipates that the global economic situation will improve in 2023/2024 due to government-issued electronic consumption vouchers and the local economy recovering from COVID-19[63] Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[8] - The company has not reported any significant new product launches or technological developments during this period[22]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就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。 Mansion International Holdings Limited 民 信 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8456） 截 至2023年9月30日 止 六 個 月 中 期 業 績 公 告 民 信 國 際 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會 謹 此 公 佈 本 公 司 及 其 附 屬 公 司 截 至2023年9月30日 止 六 個 月 之 未 經 審 核 簡 明 綜 合 財 務 業 績。本 公 告 列 載 本 公 司2023/24中 期 報 告 全 文，並 符 合 聯 交 所GEM證 券 上 市 規 則（「GEM上 市 規 則」）有 關 中 期 初 步 業 績 公 告 須 包 括 的 資 料 的 相 關 規 定。本 公 司2023/24年 中 期 報 告 的 印 刷 版 將 適 時 發 送 予 本 公 司 股 ...

Financial Performance - The company's revenue for the three months ended June 30, 2023, was HKD 16,551,000, representing a 9.2% increase from HKD 15,154,000 in the same period of 2022[3] - Gross profit for the same period was HKD 6,122,000, up from HKD 5,593,000, indicating a growth of 9.4%[3] - The company's profit before tax decreased significantly to HKD 596,000 from HKD 5,778,000, a decline of 89.7% year-on-year[3] - The total comprehensive income attributable to owners of the company for the period was HKD 596,000, compared to HKD 5,765,000 in the previous year, reflecting a decrease of 89.6%[3] - The company reported a basic and diluted earnings per share of HKD 0.28, down from HKD 2.73 in the same quarter of 2022[3] - Other income, gains, and losses for the quarter totaled HKD 125,000, a significant drop from HKD 7,050,000 in the prior year, primarily due to the absence of gains from the sale of subsidiaries[12] - The company's profit attributable to shareholders decreased significantly from HKD 5,765,000 in 2022 to HKD 596,000 in 2023[18] Costs and Expenses - The cost of sales rose by about 9.1%, from HKD 9,600,000 in the corresponding period to HKD 10,400,000 in 2023[22] - Gross profit increased by approximately 9.5%, from HKD 5,600,000 in the corresponding period to HKD 6,100,000 in 2023, with a slight increase in gross margin from 36.9% to 37.0%[22] - Selling and distribution costs decreased by about 15.9%, from HKD 2,900,000 to HKD 2,400,000[24] - Administrative and other expenses decreased by approximately 19.1%, from HKD 3,800,000 to HKD 3,100,000[24] - Financing costs decreased to HKD 130,000 from HKD 157,000, a reduction of 17.2%[13] - The company's profit before tax dropped from approximately HKD 5,800,000 in the corresponding period to HKD 600,000 in 2023, primarily due to the absence of gains from the sale of subsidiaries[26] Dividends and Shareholder Returns - The company did not declare any dividends for the period, consistent with the previous year[17] - The company does not plan to declare any dividends for the period, consistent with the previous year[27] Business Outlook - The company anticipates improved business performance in 2023/2024, driven by government-issued electronic consumption vouchers and recovery in the local economy[28] Share Options and Compliance - As of June 30, 2023, the company has 21,152,472 shares available for grant under the share option scheme[48] - There were no share options granted, exercised, cancelled, or lapsed during the period[47] - The company has a sufficient public float of at least 25% of issued shares, complying with GEM listing rules[55] - The company has not redeemed any listed securities during the period, nor have any subsidiaries purchased or sold such securities[54] - The board of directors confirmed compliance with the trading code for securities transactions during the period[56] - No share options were granted with performance-based vesting conditions during the period[46] - The company has not entered into any management contracts related to its business operations during the period[50] - There are no significant interests or short positions held by directors or major shareholders in the company's shares as of June 30, 2023[53] Audit and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards[60] - The company has adopted a code of conduct for securities transactions in accordance with GEM listing rules[56]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就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。 Mansion International Holdings Limited 民 信 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8456） 截 至2023年6月30日 止 三 個 月 第 一 季 度 業 績 公 告 民 信 國 際 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會 謹 此 公 佈 本 公 司 及 其 附 屬 公 司 截 至2023年6月30日 止 三 個 月 之 未 經 審 核 簡 明 綜 合 財 務 業 績。本 公 告 列 載本公司2023/24第一季度報告全文，並符合聯交所GEM證券上市規則（「GEM 上 市 規 則 」）有 關 第 一 季 度 初 步 業 績 公 告 須 包 括 的 資 料 的 相 關 規 定。 本公司2023/24年第一季度報告的印刷版將適時發送予本公司股東，並將按照 GEM上 市 規 則 所 規 定 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company's revenue increased by approximately HKD 4.0 million, representing a growth of about 5.3% to approximately HKD 78.4 million compared to the previous year[10]. - The cost of sales rose by approximately 25.8% to about HKD 54.1 million, primarily due to increased material costs and management expenses[11]. - Gross profit decreased by approximately 22.7% to about HKD 24.3 million, resulting in a gross margin decline from 42.3% to 31.0%[11]. - The group has decided not to declare any dividends for the current year, consistent with the previous year[16]. - The group anticipates that business performance will depend on the COVID-19 situation and geopolitical tensions, expecting continued pressure in the coming year[17]. - The group reported a cumulative loss of HKD 158,212 thousand as of March 31, 2023, compared to HKD 115,167 thousand as of March 31, 2022[128]. Cost Management - The group's sales and distribution costs decreased by approximately 27.3% from about HKD 17.8 million to about HKD 12.9 million[13]. - Administrative and other expenses reduced by approximately 34.8% from about HKD 31.9 million to about HKD 20.8 million, mainly due to cost control measures[13]. - Financing costs decreased by approximately 32.4% from about HKD 820,000 to about HKD 554,000 due to the repayment of certain borrowings[14]. - The company is committed to implementing cost-cutting measures and streamlining operations to navigate ongoing challenges[6]. - The company will continue to enhance operational efficiency and implement cost control measures to improve core competitiveness[46]. Business Strategy - The company plans to reduce physical retail stores in Hong Kong while expanding its online business, reflecting a shift in consumer shopping behavior towards online platforms[6]. - The company aims to collaborate with other manufacturers in the Asia-Pacific region to expand its business into children's and youth clothing[6]. - The company anticipates that the global economic situation will improve in 2023/2024, allowing for exploration of suitable investment opportunities for business diversification[7]. - The group plans to review its asset structure and business strategy to better respond to future uncertainties and will strictly implement cost control policies[17]. - The group aims to maintain a sustainable and profitable retail business while gradually developing online and social media distribution channels for future growth[17]. Corporate Governance - The board consists of six directors, with independent non-executive directors making up 50% of the board members[64]. - The company emphasizes good corporate governance to enhance shareholder value and ensure effective accountability[56]. - The management team is responsible for executing the business plans and strategies adopted by the board[61]. - The company has adopted the GEM Listing Rules as the code of conduct for directors' securities transactions, confirming compliance during the fiscal year 2023[59]. - The company has a commitment to regular reviews of its corporate governance practices to ensure compliance with applicable codes[57]. Environmental, Social, and Governance (ESG) Initiatives - The report covers the company's environmental, social, and governance performance for the fiscal year ending March 31, 2023[164]. - The board is responsible for formulating ESG strategies and ensuring effective risk management and internal controls[168]. - The ESG Working Committee has been established to assist the board in managing ESG matters and monitoring key performance indicators[169]. - The company is committed to energy conservation, reducing greenhouse gas emissions, and providing a safe and healthy work environment[167]. - The company emphasizes equal opportunities and employee welfare as part of its social responsibility initiatives[176]. Stakeholder Engagement - Stakeholder engagement is conducted through various communication channels to align the company's sustainable development strategy with stakeholder interests[173]. - The company maintains regular communication with stakeholders through various channels, including annual meetings and email[175]. - The company encourages stakeholder feedback on its environmental, social, and governance matters to enhance overall performance[177]. Audit and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements and found no significant issues[160]. - The company has established policies and procedures for risk management and internal control, which are regularly monitored and assessed for effectiveness[100]. - The company is committed to complying with the disclosure requirements under the GEM Listing Rules and the Securities and Futures Ordinance[107]. - The company has not made any charitable donations during the fiscal year 2023, consistent with 2022[134]. - The company has no significant compliance issues with relevant laws and regulations that would materially affect its operations[120].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公 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。 Mansion International Holdings Limited 民 信 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8456） 截至2023年3月31日止年度全年業績公告 民信國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及 其附屬公司（「本集團」）截至2023年3月31日止年度之經審核綜合業績。本公告列 載本公司2022╱2023年年報（「2022╱2023年年報」）全文，並符合聯交所GEM證券 上市規則（「GEM上市規則」）中有關年度業績初步公告附載資料的相關規定。 承董事會命 民信國際控股有限公司 主席 姚汝壑 香港，2023年6月30日 於本公告日期，執行董事為姚汝壑先生（主席）、王嘉雯女士及金振芳女士；而獨 立非執行董事為胡子敬先生、郎永華先生及黃纓喻女士。 本公告乃遵照GEM上市規則而刊載，旨在提供有 ...

Revenue Performance - For the three months ended December 31, 2022, the company's revenue was HKD 26,762,000, a 4.98% increase from HKD 25,491,000 in the same period of 2021[3] - For the nine months ended December 31, 2022, the company's revenue decreased to HKD 61,887,000, down 4.95% from HKD 64,483,000 in the same period of 2021[3] - The company's revenue decreased by approximately 4.0%, from HKD 64,500,000 in the corresponding period to HKD 61,900,000[22] - The OEM production revenue declined by about 2.7%, from HKD 39,400,000 to HKD 38,400,000, primarily due to the impact of the COVID-19 pandemic[22] - Revenue from original brand manufacturing for the nine months ended December 31, 2022, was HKD 23,503,000, down 6.15% from HKD 25,043,000 in the same period of 2021[9] - The original brand production revenue decreased by approximately 6.1%, from HKD 25,000,000 to HKD 23,500,000, influenced by reduced consumer purchasing willingness[22] Profit and Loss - Gross profit for the three months ended December 31, 2022, was HKD 9,633,000, representing a 10.69% increase from HKD 8,701,000 in the same period of 2021[3] - The company reported a loss before tax of HKD 4,118,000 for the three months ended December 31, 2022, compared to a loss of HKD 2,164,000 in the same period of 2021[3] - The net loss for the nine months ended December 31, 2022, was HKD 6,357,000, significantly improved from a loss of HKD 15,420,000 in the same period of 2021[3] - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 3.00, compared to HKD 31.92 in the same period of 2021[3] - Gross profit decreased by approximately HKD 2,700,000, from HKD 25,300,000 to HKD 22,600,000, with a gross margin decline from 39.2% to 36.5%[24] - The pre-tax loss decreased by approximately 58.8%, from HKD 15,400,000 to HKD 6,400,000, mainly due to the gain from the sale of a subsidiary of about HKD 6,500,000[27] Equity and Financial Position - The company’s total equity as of December 31, 2022, was HKD 10,100,000, a decrease from HKD 16,457,000 as of April 1, 2022[4] - The company’s administrative and other expenses for the nine months ended December 31, 2022, were HKD 23,389,000, a slight decrease from HKD 24,249,000 in the same period of 2021[3] Business Operations and Strategy - The group plans to implement cost-saving measures, including streamlining operations and restructuring production with other manufacturers in the Asia-Pacific region to reduce costs[32] - The group is shifting focus towards online business development, reducing physical retail presence in Hong Kong, and investing heavily in e-commerce[32] - The group anticipates a potential improvement in the global economic situation for 2022/2023 and is exploring suitable investment opportunities for business diversification[32] - Sales of original brand products continued to decrease, significantly affected by the stagnation of inbound tourism and consumer activities due to pandemic measures[30] - The group's OEM production business has declined due to the impact of the COVID-19 pandemic, with future performance expected to remain under pressure[30] Corporate Governance and Compliance - The company has adopted GEM listing rules as the code of conduct for securities trading by directors, confirming compliance during the reporting period[61] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards[66] - The company has confirmed that there were no undisclosed interests or short positions in shares or related securities as of December 31, 2022[58] - No significant acquisitions or disposals of subsidiaries or associated companies occurred during the review period[64] - The company did not declare any dividends for the current period, consistent with the previous year[15] Shareholder Information - As of December 31, 2022, Mr. Yao Ruhe held 400,000 ordinary shares, representing approximately 0.19% of the company[57] - The weighted average number of ordinary shares used to calculate basic and diluted loss per share was 211,524,720 for the three months ended December 31, 2022[16] - The stock option plan adopted on December 28, 2017, allows for the issuance of up to 10% of the total issued shares as stock options[41] - No stock options were granted, exercised, canceled, or lapsed during the reporting period, and there are no unexercised stock options as of December 31, 2022[52] - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[53] - No directors or major shareholders had any competing interests outside the group's business during the reporting period[63] Fundraising and Securities - The group has not conducted any fundraising activities during the reporting period[36] - No repurchase of listed securities occurred during the reporting period[59] - On April 1, 2022, the group sold its wholly-owned subsidiary Mantex Suppliers Co. Limited for HKD 1, completing the transaction on the same day[34] - The company completed the sale of its subsidiary Mantex Suppliers for a cash consideration of HKD 1, resulting in a gain of HKD 6,458,000[18]