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之任何損失承擔任何責任。 Omnibridge Holdings Limited 中 安 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8462） 截至二零二三年六月三十日止六個月之 中期業績公佈 香港聯合交易所有限公司 的特色 GEM GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上 市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應 經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本中期業績公佈的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本中期業績公佈全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 ...

Financial Performance - The group's revenue for the three months ended March 31, 2023, was SGD 16,585,000, a decrease of 38.5% compared to SGD 26,980,000 for the same period in 2022[7] - Gross profit for the same period was SGD 1,260,000, down 57.0% from SGD 2,933,000 year-on-year[7] - Operating profit increased to SGD 2,122,000, up 54.0% from SGD 1,378,000 in the previous year[7] - Net profit for the period was SGD 1,855,000, representing a 67.5% increase compared to SGD 1,107,000 in the prior year[8] - The total comprehensive income for the period was SGD 1,871,000, compared to SGD 1,129,000 in the same quarter of 2022, marking a 65.7% increase[8] - Basic and diluted earnings per share for the quarter were SGD 0.31, up from SGD 0.18 in the previous year, reflecting a 72.2% increase[8] - The group reported other income of SGD 2,507,000, significantly higher than SGD 44,000 in the same period last year[7] - Total revenue and other income for the three months ended March 31, 2023, was SGD 19,092,000, compared to SGD 27,024,000 for the same period in 2022, representing a decrease of 29.4%[25] Revenue Breakdown - For the three months ended March 31, 2023, revenue from human resource outsourcing services was SGD 16,449,000, a decrease of 38.5% from SGD 26,722,000 in the same period of 2022[24] - Revenue from human resource recruitment services was SGD 126,000, down from SGD 251,000 year-on-year, reflecting a decline of 49.8%[24] - The company experienced a decrease in revenue from human resource outsourcing services, which fell to approximately SGD 16.4 million from SGD 26.7 million, a decrease of about SGD 10.3 million[41] Costs and Expenses - The group reported a total employee cost of SGD 16,387,000 for the three months ended March 31, 2023, down 35.0% from SGD 25,220,000 in the previous year[26] - The group’s pre-tax profit for the three months ended March 31, 2023, was impacted by a total service cost of SGD 15,325,000, a decrease of 36.4% from SGD 24,047,000 in the same period of 2022[26] - The company reported a decrease in service costs by approximately SGD 8.7 million or 36.3% to about SGD 15.3 million for the three months ended March 31, 2023, compared to SGD 24.0 million for the same period in 2022[42] - Administrative expenses remained stable at approximately SGD 1.4 million for both the three months ended March 31, 2023, and 2022[45] Government Grants and Other Income - The group recognized government grants of SGD 2,466,000 during the three months ended March 31, 2023, compared to SGD 11,000 in the same period of 2022, indicating a significant increase[25] - Other income increased by approximately SGD 2.5 million to about SGD 2.5 million for the three months ended March 31, 2023, primarily due to government grants including SGD 1,727,000 for employment growth incentives[43] Equity and Financial Position - The total equity of the group as of March 31, 2023, was SGD 20,229,000, an increase from SGD 18,519,000 a year earlier[10] - As of March 31, 2023, the group's cash and bank balance was approximately SGD 14.1 million, an increase from SGD 13.2 million as of December 31, 2022[52] - The current ratio as of March 31, 2023, was approximately 3.8 times, compared to 2.7 times as of December 31, 2022[52] - The group held fixed income fund units valued at approximately SGD 2.5 million as of March 31, 2023, compared to SGD 2.3 million as of December 31, 2022[59] - The group recorded a net fair value loss of approximately SGD 14,000 on fixed income funds during the period ended March 31, 2023[61] Corporate Governance and Compliance - The audit committee, consisting of two independent non-executive directors, has reviewed the unaudited consolidated financial statements for the three months ending March 31, 2023, and found them compliant with applicable accounting standards[85] - The company has complied with the corporate governance code as per GEM Listing Rules, except for the combined roles of Chairman and CEO[80] - The company has not reported any conflicts of interest among its directors or major shareholders[77] Future Outlook and Strategic Plans - The company plans to expand into the non-public sector to capture new market opportunities despite facing challenges from inflation and rising costs[39] - The company is committed to investing in talent reserves and internal business processes to improve profitability while managing costs[39] - The company aims to reduce operational costs by I% through efficiency improvements in the supply chain[90] - The overall performance guidance for the fiscal year has been adjusted to reflect a J% increase in expected earnings[90]

Omnibridge Holdings Limited 中 安 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8462） 截至二零二三年三月三十一日止三個月之 第一季度業績公告 香港聯合交易所有限公司 的特色 GEM GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及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分內容而產生或因依賴該等 內容而引致的任何損失承擔任何責任。 本公告載有根據聯交所GEM證券上市規則（「GEM上市規則」）而提供有關中安控股集團有 限公司（「本公司」，連同其附屬公司「本集團」）的資料，各董事（「董事」）願就本公告共同 及個別承擔全部責任。董事經作出一切合理查詢後確認，就 ...

Financial Performance - The company's revenue increased from approximately SGD 85.0 million for the year ended December 31, 2021, to approximately SGD 94.9 million for the year ended December 31, 2022, representing a growth of about 11.6%[11]. - Revenue from human resource outsourcing services rose from approximately SGD 84.2 million to approximately SGD 93.6 million, an increase of about SGD 9.4 million[16]. - The gross profit increased from approximately SGD 7.4 million to approximately SGD 8.1 million, with a slight decrease in gross margin from about 8.7% to 8.5% due to competitive market adjustments[11]. - The company recorded a profit of approximately SGD 0.9 million for the year ended December 31, 2022, down from approximately SGD 1.5 million for the previous year, primarily due to a reduction in government subsidies received[11]. - Revenue from human resource recruitment services rose from approximately SGD 0.7 million for the year ended December 31, 2021, to approximately SGD 1.2 million for the year ended December 31, 2022, an increase of about 65.1%[19]. - Total service costs rose from approximately SGD 77.6 million for the year ended December 31, 2021, to approximately SGD 86.8 million for the year ended December 31, 2022, an increase of about 11.9%[21]. - Other income decreased from approximately SGD 1.5 million for the year ended December 31, 2021, to approximately SGD 0.2 million for the year ended December 31, 2022, a decline of about 88.7%[23]. - The profit for the year ended December 31, 2022, was approximately SGD 0.9 million, a decrease of about 37.2% compared to approximately SGD 1.5 million for the year ended December 31, 2021[26]. - Total employee costs for the year ended December 31, 2022, were approximately SGD 91.6 million, up from approximately SGD 82.2 million for the year ended December 31, 2021[31]. - The total assets decreased to approximately SGD 29.1 million as of December 31, 2022, from SGD 29.8 million as of December 31, 2021[32]. Market Strategy and Expansion - The company plans to expand into the non-public sector in 2023 to explore new market opportunities[14]. - The increase in revenue is attributed to competitive pricing strategies and increased demand for human resource outsourcing services from the public sector[14]. - The company aims to achieve its set goals despite anticipated challenges ahead[14]. - The group aims to strengthen its position in the human resources industry in Singapore while expanding its business in Hong Kong[46]. - The company has allocated HKD 23.0 million for expanding its human resources outsourcing and recruitment services in Singapore, with HKD 13.8 million already utilized[200]. - The company has allocated HKD 5.0 million for expanding its human resources recruitment services in Hong Kong, with HKD 4.4 million already utilized[200]. Environmental and Social Responsibility - The group has implemented green measures to enhance environmental awareness among employees and business partners[53]. - The group aims to control electricity consumption to reduce indirect carbon dioxide emissions and has invested in energy-efficient equipment[54]. - The group emphasizes compliance with local environmental laws and regulations[55]. - Indirect CO2 emissions increased by 53.11% from 10.45 tons in 2021 to 16.00 tons in 2022, with Singapore's emissions rising by 42.32% and Hong Kong's by 101.04%[56]. - Energy consumption rose by 38.76% from 23,613 kWh in 2021 to 32,765 kWh in 2022, with Singapore's usage increasing by 30.71% and Hong Kong's by 101.11%[60]. - The company has implemented clear environmental policies aimed at achieving pollution-free operations and conserving scarce resources[59]. - The company has committed to zero complaints regarding pollution issues in the coming year[63]. - The company continues to encourage energy-saving practices among employees, including timely shutdown of appliances and using energy-efficient devices[62]. - The company has not received any environmental violations or fines during the reporting period[57]. Employee Management and Training - The total number of employees as of December 31, 2022, is 1,481, comprising 54 internal employees and 1,427 outsourced employees[70]. - The employee count decreased from 2,053 in 2021 to 1,481 in 2022, reflecting a reduction of approximately 27.8%[71]. - The internal employee count slightly decreased from 57 at the beginning of 2022 to 54 by the end of the year[82]. - The average training hours per employee for internal training in 2022 was 0.44 hours, a significant decrease from 10.18 hours in 2021[93]. - For external training, the average training hours per employee in 2022 was 120.44 hours, compared to 11.95 hours in 2021[93]. - The group plans to continue providing internal and external training programs to enhance employee skills in the competitive human resources industry[91]. Corporate Governance - The board of directors consists of six members, including four independent non-executive directors, exceeding the GEM listing rules requirement[117]. - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a noted deviation from one specific provision[108]. - The board is responsible for overseeing the company's business affairs and overall performance management, ensuring necessary financial and human resources are in place[110]. - The company has established a whistleblowing policy to report potential misconduct, ensuring confidentiality and protection against retaliation for whistleblowers[102]. - The company has a governance policy in place to ensure compliance with legal and regulatory requirements[143]. - The company has a shareholder communication policy to ensure equal and timely access to information for shareholders[160]. Financial Management and Audit - The independent auditor Hu Guan Chen LLP was engaged to provide audit and non-audit services, with total fees amounting to SGD 132,000, including SGD 120,000 for audit services and SGD 12,000 for non-audit services[146]. - The Audit Committee consists of three independent non-executive directors, with Mr. Wang Jianyuan as the chairman, and has reviewed the financial statements for the year ending December 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[132]. - The company has established an internal control system to prevent corruption and fraud, with zero reported cases of bribery or corruption during the 2022 reporting period[102]. - The company has not established an independent internal audit department but has appointed an external consulting firm for annual reviews of the internal control system[149]. Shareholder Information - The company does not recommend the payment of a final dividend for the year 2022, consistent with the previous year[197]. - The company has a dividend policy in place since January 1, 2019, which will be reviewed periodically by the board[128]. - The board has confirmed that there are no significant uncertainties regarding the company's ability to continue as a going concern[147].

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。 Omnibridge Holdings Limited 中 安 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8462） 截至二零二二年十二月三十一日止年度之 全年業績公告 香港聯合交易所有限公司（「聯交所」） 的特色 GEM GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及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分內容而產生或因依賴該等 內容而引致的任何損失承擔任何責任。 本公告根 ...

Financial Performance - Revenue for the nine months ended September 30, 2022, was SGD 76,455,000, an increase of 31.8% compared to SGD 58,001,000 for the same period in 2021[4] - Gross profit for the nine months ended September 30, 2022, was SGD 6,640,000, representing a 19.1% increase from SGD 5,575,000 in the previous year[4] - Operating profit for the nine months ended September 30, 2022, was SGD 1,801,000, up 47.8% from SGD 1,218,000 in 2021[4] - Profit for the period for the nine months ended September 30, 2022, was SGD 1,397,000, a significant increase of 62.5% compared to SGD 860,000 in the same period last year[4] - Basic and diluted earnings per share for the nine months ended September 30, 2022, were SGD 0.23, compared to SGD 0.14 for the same period in 2021, reflecting a 64.3% increase[6] - Total comprehensive income for the nine months ended September 30, 2022, was SGD 1,413,000, compared to SGD 810,000 in the previous year, indicating a growth of 74.4%[6] - The company reported a pre-tax profit of SGD 6.736 million for the nine months ended September 30, 2022, compared to SGD 5.575 million for the same period in 2021, representing an increase of 20.8%[28] - Profit for the nine months ended September 30, 2022, was approximately SGD 1.4 million, an increase of approximately SGD 0.5 million or 62.4% compared to SGD 0.9 million for the same period in 2021[52] Revenue Breakdown - For the nine months ended September 30, 2022, the total revenue from human resource outsourcing services was SGD 75.547 million, an increase of 31.7% compared to SGD 57.390 million for the same period in 2021[24] - Revenue from human resource recruitment services for the nine months ended September 30, 2022, was SGD 0.870 million, up 50.3% from SGD 0.579 million in the previous year[24] - The total service income for the nine months ended September 30, 2022, was SGD 76.455 million, which includes various human resource support services[24] - Revenue from a major client accounted for over 10% of total revenue, with SGD 33.668 million generated from Client A for the nine months ended September 30, 2022, compared to SGD 10.583 million in the previous year[22] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2022, were SGD 5,005,000, an increase from SGD 4,606,000 in the previous year, reflecting a rise of 8.6%[4] - The total employee costs for the nine months ended September 30, 2022, were SGD 73.264 million, an increase of 32.0% from SGD 55.498 million in the previous year[28] - Service costs increased by approximately SGD 17.4 million or 33.2% to approximately SGD 69.8 million, with labor costs rising by approximately SGD 17.8 million or 33.5%[46] Equity and Financial Position - The company’s total equity as of September 30, 2022, was SGD 18,803,000, up from SGD 15,864,000 as of January 1, 2022, representing an increase of 18.5%[8] - The group had cash and bank balances of approximately SGD 13.2 million as of September 30, 2022, compared to approximately SGD 10.5 million as of December 31, 2021[56] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Mr. Zhou[78] - The Audit Committee was established on June 21, 2017, in accordance with GEM listing rules, consisting of three independent non-executive directors[83] - The Audit Committee reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[83] - The independent auditor for the company is Guo Wei Accounting Firm Limited, ensuring transparency in financial reporting[85] Business Strategy and Outlook - The company continues to focus on expanding its human resource outsourcing and recruitment services, aiming for further growth in the upcoming quarters[11] - The company is optimistic about economic recovery in Singapore, anticipating continued growth in employment rates, particularly in technology-related positions[43] - The company is actively exploring new business opportunities to expand its operations in different regions, aiming for sustainable business growth[43] - The company continues to adjust its business diversification strategies to mitigate potential risks in the market[43] Shareholder Information - As of September 30, 2022, Mr. Zhou Zhi Jian and Ms. Xiong Yue Han each hold 288,000,000 shares, representing 48.00% of the company's issued share capital[68] - Mr. Lin Dao Ji holds 2,540,000 shares, which is 0.42% of the company's issued share capital[68] - Omnipartners Holdings Limited, a beneficial owner, also holds 288,000,000 shares, equating to 48.00% of the company's issued share capital[71] - No other directors or key executives hold any shares or related securities that require disclosure under the Securities and Futures Ordinance as of September 30, 2022[70] Risk Management - The company believes that risk management practices are crucial to effectively mitigate operational and financial risks[75] - The board has not identified any business or interests that could directly or indirectly compete with the group's operations as of September 30, 2022[74] Other Information - The company did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[33] - The company has not reported any significant events after the reporting period[41] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ended September 30, 2022[80] - The company has adopted a share option scheme effective for ten years, allowing for the issuance of up to 60,000,000 shares, which is 10% of the issued shares[82] - No share options have been granted since the adoption of the scheme, and there are no unexercised options as of September 30, 2022[82]

Financial Performance - Revenue for the six months ended June 30, 2022, was SGD 53,988,000, representing a 50.1% increase from SGD 35,971,000 in the same period of 2021[3] - Gross profit for the six months ended June 30, 2022, was SGD 4,834,000, up 23.2% from SGD 3,925,000 in the prior year[3] - Operating profit for the six months ended June 30, 2022, increased to SGD 1,687,000, a 52.0% rise compared to SGD 1,109,000 in 2021[3] - Net profit for the six months ended June 30, 2022, was SGD 1,349,000, compared to SGD 823,000 in the same period of 2021, marking a 63.9% increase[3] - Basic and diluted earnings per share for the six months ended June 30, 2022, were SGD 0.22, compared to SGD 0.14 in the same period of 2021[5] - The company reported a total comprehensive income of SGD 1,363,000 for the six months ended June 30, 2022, compared to SGD 808,000 in the prior year[5] - For the six months ended June 30, 2022, the company reported a pre-tax profit of SGD 1,679,000, an increase of 56.3% compared to SGD 1,074,000 in the same period of 2021[14] - Profit for the six months ended June 30, 2022, was approximately SGD 1.35 million, an increase of approximately SGD 526,000 or 63.9% from SGD 823,000 for the same period in 2021[66] Assets and Liabilities - Total assets as of June 30, 2022, were SGD 31,754,000, a decrease from SGD 34,124,000 as of December 31, 2021[7] - Total liabilities as of June 30, 2022, were SGD 13,644,000, down from SGD 18,110,000 at the end of 2021[7] - Equity attributable to owners of the company increased to SGD 18,753,000 as of June 30, 2022, from SGD 17,390,000 at the end of 2021[9] - Trade receivables as of June 30, 2022, amounted to SGD 18,551, an increase from SGD 17,668 as of December 31, 2021[40] - The company's total other payables and accrued expenses were SGD 4,314,000 as of June 30, 2022, compared to SGD 4,370,000 as of December 31, 2021[47] Cash Flow - Operating cash flow before changes in working capital was SGD 2,070,000, up 33.1% from SGD 1,554,000 year-on-year[14] - The net cash flow from operating activities was SGD 2,426,000, a significant recovery from a net outflow of SGD 3,934,000 in the previous year[14] - Total cash and cash equivalents at the end of the period increased to SGD 12,604,000 from SGD 14,970,000 in the previous year, reflecting a net increase of SGD 2,109,000[15] - Cash and bank balances as of June 30, 2022, were approximately SGD 12.6 million, up from SGD 10.5 million as of December 31, 2021[69] Revenue Breakdown - Revenue from human resource outsourcing services for the six months ended June 30, 2022, was SGD 53,518,000, a 50.5% increase from SGD 35,545,000 in the same period of 2021[28] - The company’s revenue from human resource recruitment services reached SGD 450,000, up 12.5% from SGD 400,000 year-on-year[28] - Client A generated revenue of SGD 22,382,000 for the six months ended June 30, 2022, compared to SGD 5,721,000 in the same period of 2021, marking a substantial increase of 292.5%[27] - Total service revenue for the six months ended June 30, 2022, was SGD 37,000, a decrease of 15.9% compared to SGD 44,000 for the same period in 2021[30] Expenses - Service costs increased by approximately SGD 17.2 million or 53.8% to SGD 49.2 million for the six months ended June 30, 2022, compared to SGD 32.0 million for the same period in 2021[59] - Total employee costs increased to SGD 51,461 for the six months ended June 30, 2022, up 51.4% from SGD 34,068 in the same period of 2021[31] - Administrative expenses rose by approximately 8.7% to SGD 3.23 million for the six months ended June 30, 2022, compared to SGD 2.97 million for the same period in 2021[62] - Other income decreased by approximately SGD 71,000 or 45.8% to SGD 84,000 for the six months ended June 30, 2022, primarily due to reduced service income and foreign exchange gains[61] Strategic Plans and Market Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - The company is actively exploring new business opportunities and expanding its operations into neighboring countries despite a challenging global economic environment[55] - The management remains cautiously optimistic about the company's ability to navigate current challenges and achieve sustainable business growth[56] - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[114] - New product launches are expected to contribute an additional HKD 100 million in revenue for the next fiscal year[114] Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated interim financial statements for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[107] - The company has maintained its corporate governance practices in accordance with GEM listing rules, with no significant deviations reported[101] Shareholder Information - The group did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[35] - The company did not recommend any dividends for the six months ended June 30, 2022[67] - The board of directors has approved a dividend payout of HKD 0.05 per share, reflecting a commitment to returning value to shareholders[114]

Financial Performance - The Group reported revenue of SGD 26,980,000 for the three months ended March 31, 2022, representing a 44% increase compared to SGD 18,713,000 in the same period of 2021[8]. - Gross profit for the same period was SGD 2,933,000, up from SGD 2,424,000, indicating a gross margin improvement[8]. - Operating profit increased to SGD 1,378,000, compared to SGD 1,034,000 in the previous year, reflecting a growth of 33%[8]. - The profit before tax for the quarter was SGD 1,374,000, a 34% increase from SGD 1,026,000 in Q1 2021[8]. - Net profit for the period was SGD 1,107,000, up from SGD 847,000, marking a 30% year-over-year growth[8]. - The total comprehensive income for the period was SGD 1,129,000, compared to SGD 847,000 in the same quarter of the previous year[10]. - Basic and diluted earnings per share for the quarter were SGD 0.18, an increase from SGD 0.14 in Q1 2021[10]. - The company's profit before tax for the three months ended March 31, 2022, was SGD 1,107,000, compared to SGD 847,000 for the same period in 2021, reflecting a 30.7% increase[34]. - Basic earnings per share for the period was SGD 0.18, an increase from SGD 0.14 in the previous year[34]. - The profit for the period was approximately SGD 1.1 million, an increase of approximately SGD 260,000 or 30.7% compared to SGD 847,000 for the same period last year[51]. Revenue Breakdown - Revenue from human resource outsourcing services was SGD 26,722,000, up 44.5% from SGD 18,477,000 in the previous year[26]. - The company generated significant revenue from major clients, with Client A contributing SGD 7,345,000 and Client B contributing SGD 6,415,000, representing 27.3% and 23.8% of total revenue respectively[22]. - The company's revenue increased from approximately SGD 18.7 million to approximately SGD 27.0 million, representing a growth of 44.4% for the three months ended March 31, 2022[44]. - Revenue from human resource outsourcing services rose from approximately SGD 18.5 million to approximately SGD 26.7 million, driven by more work orders from various Singapore government agencies and the private sector[44]. Cost and Expenses - Total service costs increased to SGD 25,220,000 from SGD 17,317,000, representing a 45.7% rise year-on-year[28]. - Service costs increased from approximately SGD 16.3 million to approximately SGD 24.0 million, a rise of 47.2% due to higher labor costs and related expenses[45]. - The company’s tax expense for the period was SGD 267,000, compared to SGD 179,000 in the prior year, reflecting an increase of 48.9%[31]. - The company’s other income decreased to SGD 44,000 from SGD 127,000, primarily due to a reduction in government grants[27]. - Other income decreased by approximately SGD 83,000 or 65.4%, down to approximately SGD 44,000, primarily due to reduced foreign exchange gains[46]. - Administrative expenses remained relatively stable, increasing slightly from approximately SGD 1.5 million to approximately SGD 1.6 million[48]. Equity and Cash Position - The Group's total equity as of March 31, 2022, was SGD 18,519,000, up from SGD 16,711,000 a year earlier[12]. - As of March 31, 2022, the group's cash and bank balances were approximately SGD 14.5 million, up from SGD 10.5 million as of December 31, 2021[54]. - The current ratio as of March 31, 2022, was approximately 2.5 times, compared to 2.4 times as of December 31, 2021[54]. - Total employee costs for the three months ended March 31, 2022, were approximately SGD 25.2 million, an increase from SGD 17.3 million for the same period in 2021[56]. Operational Insights - The Group continues to focus on expanding its human resource outsourcing and recruitment services in Singapore[14]. - The company continues to explore new business opportunities and expand its operations into neighboring countries[42]. - The management remains cautiously optimistic about the company's preparedness to face current challenges and achieve sustainable growth[42]. - The group had 63 full-time employees as of March 31, 2022, an increase from 60 employees as of March 31, 2021[56]. Governance and Compliance - The company did not declare any dividends for the three months ended March 31, 2022, consistent with the previous year[33]. - The group confirmed compliance with applicable disclosure requirements under GEM listing rules regarding related party transactions[67]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial information for the three months ended March 31, 2022, and believes it complies with applicable accounting standards and GEM listing rules[79]. - The company has adopted the corporate governance code and has complied with its provisions, except for the separation of the roles of chairman and CEO, which are currently held by the same individual[79]. Capital Commitments and Investments - The group had no significant capital commitments as of March 31, 2022[58]. - As of March 31, 2022, the group had no significant investments or acquisitions during the reporting period[61][65]. - The group had approximately SGD 60,000 in pledged fixed deposits as of March 31, 2022, down from SGD 80,000 as of March 31, 2021[62]. - There were no significant contingent liabilities or guarantees as of March 31, 2022[63]. - The group had no major plans for significant investments or capital assets beyond those disclosed in the prospectus and report as of March 31, 2022[64]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ended March 31, 2022[77].

Financial Performance - The group's revenue increased from approximately SGD 51.7 million for the year ended December 31, 2020, to approximately SGD 85.0 million for the year ended December 31, 2021, representing a growth of about 64.4%[12] - The gross profit rose from approximately SGD 5.9 million to approximately SGD 7.4 million, with a gross profit margin decreasing from about 11.3% to approximately 8.7% due to adjustments in business strategy to cope with market competition[12] - The group recorded a profit of approximately SGD 1.5 million for the year ended December 31, 2021, compared to a profit of approximately SGD 0.2 million for the previous year, primarily due to increased revenue and government subsidies[12] - Revenue from human resource outsourcing services increased from approximately SGD 51.1 million to approximately SGD 84.2 million, a rise of about 64.8% driven by demand from public sector clients[18] - Revenue from human resource recruitment services increased slightly from approximately SGD 0.6 million to approximately SGD 0.7 million[17] - The increase in revenue was mainly attributed to a significant rise in public sector human resource outsourcing services and competitive pricing strategies[18] - Service costs increased by approximately SGD 31.8 million or 69.4% to about SGD 77.6 million for the year ended December 31, 2021, primarily due to increased labor costs[22] - Other income increased by approximately SGD 595,000 or 65.7% to about SGD 1.5 million for the year ended December 31, 2021, mainly due to government subsidies related to COVID-19[24] - The net profit for the year ended December 31, 2021, was approximately SGD 1.5 million, an increase of about SGD 1.3 million or 650% compared to the previous year[28] Business Strategy and Market Conditions - The company plans to explore new business opportunities conservatively to identify markets with growth potential, particularly in the Asian region[15] - The operating environment remains challenging due to ongoing virus-related restrictions affecting economic connections between Singapore, Hong Kong, and Western countries[15] - The company aims to achieve sustainable business growth and long-term benefits for shareholders by seizing various market opportunities[16] - The company will continue to review market conditions and adjust its business diversification strategies to mitigate potential risks[15] Employee and Workforce Management - As of December 31, 2021, the total number of employees in the group was 2,053, comprising 57 internal employees and 1,996 outsourced employees[75] - The group employed 1,126 female employees and 927 male employees in 2021, reflecting a diverse workforce[78] - The internal employee count decreased from 59 at the beginning of 2020 to 57 by the end of 2021, indicating a reduction in workforce[87] - Employee compensation is determined based on current market levels, skills, qualifications, and experience, ensuring competitive remuneration[72] - The employee turnover rate for male employees was 58.82%, while for female employees, it was 83.33%[88] - The group has fulfilled all responsibilities towards employees, including salary payments and health benefits, with no disputes or violations reported[89] - The group continues to promote a fair and equitable work environment, encouraging open communication and innovation among employees[75] Health and Safety - In the reporting period of 2021, the group recorded 36 injury or COVID-19 cases among outsourced employees in Singapore, an increase of 32 cases compared to 2020[95] - The total number of lost workdays due to injuries or COVID-19 was 318 days in 2021, up from 15 days in 2020[95] - The group aims to maintain a good health and safety record in the coming year[95] - The group has implemented safety rules and policies that comply with all relevant laws and regulations in Singapore and Hong Kong[94] - The group has not reported any work-related fatalities in the past three years, including the reporting period of 2021[95] Environmental Initiatives - The group has implemented green measures to enhance environmental awareness among employees and business partners[56] - The group has set a goal to control electricity consumption and encourages the use of natural ventilation instead of air conditioning[57] - The group has invested in energy-saving tools and equipment, such as energy-efficient printers and computers[57] - Indirect CO2 emissions in Singapore decreased by approximately 32.5% from 12.64 tons in 2020 to 8.53 tons in 2021[60] - Total indirect CO2 emissions reduced by 17.31% from 12.64 tons in 2020 to 10.45 tons in 2021[60] - Energy consumption in Singapore dropped by 32.40% from 30,936 kWh in 2020 to 20,913 kWh in 2021[64] - Paper usage in Singapore reduced by 67.17% from 100,701 sheets in 2020 to 33,057 sheets in 2021[65] - The company aims to reduce indirect CO2 emissions by 1% to 2% in the coming year[60] - The company plans to continue implementing energy-saving measures with a target of reducing electricity consumption by 1% to 2%[65] - The company has not received any environmental violations or complaints during the reporting period[61] - The company is committed to zero complaints regarding pollution issues in the coming year[69] Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a commitment to enhancing shareholder value[115] - The board of directors consists of eight members, including four independent non-executive directors, exceeding the GEM listing rules requirement of at least one-third[125] - The company has adopted a board diversity policy aiming for 30% female representation, with three out of eight directors being women as of the report date[135] - The Audit Committee, established on June 21, 2017, is responsible for reviewing financial statements and overseeing internal control procedures[144] - The company has a structured approach to corporate governance with established committees to monitor specific areas of business[141] - The company has engaged an independent auditor, Guo Wei Accounting Firm, for audit services, with a total fee of SGD 130,000 for the year[159] - The company has a code of conduct and compliance manual applicable to employees and directors[157] Community Engagement - The company continues to provide training and job placement for hundreds of unskilled and semi-skilled workers, contributing to community investment[110] - The company encourages employees to participate in charitable and community support activities, allowing paid leave for such engagements[110] Management Team - The executive directors include Mr. Zhou Zhijian, who has over 19 years of experience in the human resources outsourcing and recruitment industry[180] - Ms. Xiong Yuehan, an executive director, has over 20 years of experience in the same industry and joined the group in 2009[182] - Ms. Lu Yongxin, the Chief Financial Officer, has over 20 years of experience in accounting, financial management, and restructuring[183] - Mr. Wang has over 28 years of professional experience in financial auditing for multinational corporations and publicly listed companies[192] - Ms. Huang Mingli has been appointed as the Regional Manager for Hong Kong since January 2009, overseeing strategic business operations and development in Hong Kong[200]

Financial Performance - Revenue for the nine months ended September 30, 2021, was SGD 58,001,000, representing a 64.7% increase from SGD 35,192,000 in the same period of 2020[3] - Gross profit for the nine months ended September 30, 2021, was SGD 5,575,000, up 29.3% from SGD 4,312,000 in the previous year[3] - Operating profit for the nine months ended September 30, 2021, increased to SGD 1,218,000, a 63.2% rise compared to SGD 746,000 in 2020[3] - Net profit for the nine months ended September 30, 2021, was SGD 860,000, which is a 42.8% increase from SGD 602,000 in the same period of 2020[3] - Basic and diluted earnings per share for the nine months ended September 30, 2021, were SGD 0.14, compared to SGD 0.10 in the previous year, reflecting a 40% increase[5] - Total comprehensive income for the nine months ended September 30, 2021, was SGD 810,000, up from SGD 591,000 in the same period of 2020, marking a 37.1% increase[5] - The group's profit before tax for the nine months ended September 30, 2021, was SGD 860,000, compared to SGD 602,000 for the same period in 2020, representing a 42.7% increase[33] - Profit for the nine months ended September 30, 2021, was approximately SGD 0.9 million, an increase of about SGD 0.3 million or 50.0% compared to SGD 0.6 million for the same period in 2020[52] Revenue Breakdown - For the nine months ended September 30, 2021, revenue from human resource outsourcing services was SGD 57,390,000, an increase of 65.2% compared to SGD 34,699,000 for the same period in 2020[23] - Revenue from human resource recruitment services reached SGD 579,000, up 19.9% from SGD 483,000 in the previous year[23] - Total revenue and other income for the nine months ended September 30, 2021, was SGD 58,001,000, compared to SGD 35,192,000 for the same period in 2020, reflecting a growth of 64.7%[23] - Major clients contributed significantly to revenue, with Client A generating SGD 10,583,000 and Client B generating SGD 11,010,000 for the nine months ended September 30, 2021[21] Costs and Expenses - Total employee costs for the nine months ended September 30, 2021, amounted to SGD 55,498,000, up from SGD 33,864,000 in 2020, reflecting a 63.9% increase[5] - Service costs increased by approximately SGD 21.5 million or 69.6% to about SGD 52.4 million for the nine months ended September 30, 2021, compared to SGD 30.9 million for the same period in 2020[46] - The income tax expense for the nine months ended September 30, 2021, was SGD 306,000, significantly higher than SGD 125,000 in 2020, marking a 144.8% increase[30] - The total depreciation for property, plant, and equipment for the nine months ended September 30, 2021, was SGD 205,000, compared to SGD 164,000 in 2020, representing a 25.0% increase[5] Financial Position - As of September 30, 2021, total equity increased to SGD 16,674,000 from SGD 15,604,000 at the beginning of the year, indicating a growth of 6.8%[7] - The company had cash and bank balances of approximately SGD 13.6 million as of September 30, 2021, down from SGD 19.3 million as of December 31, 2020[55] - The company has no interest-bearing debt, making the debt-to-asset ratio not applicable[54] - The group pledged fixed deposits of approximately SGD 60,000 as of September 30, 2021, down from SGD 80,000 in 2020[62] - There were no significant contingent liabilities or guarantees as of September 30, 2021[63] Governance and Compliance - The board confirmed that the financial information presented is accurate and complete, with no misleading elements or omissions[2] - The financial statements have been prepared in accordance with International Financial Reporting Standards, with no significant impact from the adoption of revised standards during the reporting period[17] - The company has adopted the corporate governance code as per GEM listing rules and has complied with it during the reporting period[79] - The audit committee was established on June 21, 2017, in compliance with GEM listing rules, and consists of three independent non-executive directors[86] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2021, and confirmed compliance with applicable accounting standards and GEM listing rules[86] Strategic Initiatives - The company continues to focus on expanding its human resource outsourcing and recruitment services, aiming for further market penetration[10] - The company recognized approximately SGD 45,000 in government subsidies related to the COVID-19 Employment Support Scheme during the reporting period[27] - The company has established a non-binding memorandum of understanding with Zhong An Holdings Group (Shenzhen) Co., Ltd. to explore potential business cooperation and expand revenue sources[42] Employee Information - The number of full-time employees increased from 59 to 65 as of September 30, 2021[57] - The management's remuneration for the nine months ended September 30, 2021, was SGD 629,000, down from SGD 720,000 in 2020, reflecting a decrease of 12.6%[38] Other Information - There were no significant events occurring after the reporting period[39] - There were no purchases, sales, or redemptions of the company's listed securities during the nine months ended September 30, 2021[83] - The company adopted a share option scheme on June 21, 2017, allowing for the issuance of up to 60,000,000 shares, representing 10% of the issued shares[84] - No share options have been granted since the adoption of the scheme, and there were no unexercised options as of September 30, 2021[84] - The company’s main operating location is in Hong Kong, specifically at 26/F, Wing Hing Commercial Building, 139 Wing Lok Street, Sheung Wan[91] - The company’s stock code is 8462 on the Hong Kong Stock Exchange[91]