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]

Financial Performance - Revenue for the six months ended June 30, 2021, was SGD 35,971,000, an increase of 72.5% compared to SGD 20,856,000 for the same period in 2020[3] - Gross profit for the six months ended June 30, 2021, was SGD 3,925,000, representing a 36.5% increase from SGD 2,876,000 in the same period of 2020[3] - Operating profit for the six months ended June 30, 2021, was SGD 1,109,000, up from SGD 514,000 in the same period of 2020, marking a 115.5% increase[3] - Net profit for the six months ended June 30, 2021, was SGD 823,000, compared to SGD 427,000 for the same period in 2020, reflecting a 93.7% increase[5] - The company reported a pre-tax profit of SGD 1,074,000 for the six months ended June 30, 2021, compared to SGD 498,000 in the same period of 2020, marking a 116% increase[12] - Profit for the six months ended June 30, 2021, was approximately SGD 0.8 million, an increase of approximately SGD 0.4 million or 100.0% compared to SGD 0.4 million for the same period in 2020[67] Assets and Liabilities - Total assets as of June 30, 2021, were SGD 27,915,000, a decrease from SGD 30,082,000 as of December 31, 2020[7] - Current liabilities decreased to SGD 12,105,000 as of June 30, 2021, from SGD 15,214,000 as of December 31, 2020[7] - Total equity increased to SGD 16,672,000 as of June 30, 2021, compared to SGD 15,864,000 as of December 31, 2020[8] - Cash and cash equivalents decreased to SGD 14,970,000 as of June 30, 2021, from SGD 19,283,000 as of December 31, 2020[7] - Trade receivables amounted to SGD 12,252,000 as of June 30, 2021, an increase from SGD 10,302,000 as of December 31, 2020[41] - Other payables and accrued expenses amounted to SGD 5,692,000 as of June 30, 2021, compared to SGD 9,190,000 as of December 31, 2020[48] Cash Flow - Operating cash flow before working capital changes increased to SGD 1,554,000 in 2021 from SGD 936,000 in 2020, representing a growth of 66%[12] - Net cash used in operating activities was SGD (3,934,000) in 2021, a significant decline from SGD 4,295,000 in 2020[12] - Cash and cash equivalents decreased by SGD 4,297,000 in the first half of 2021, compared to an increase of SGD 3,720,000 in the same period of 2020[13] - The company’s total cash and cash equivalents at the end of June 30, 2021, stood at SGD 14,970,000, down from SGD 16,418,000 at the end of June 30, 2020[13] Earnings and Costs - The company reported a basic and diluted earnings per share of SGD 0.14 for the six months ended June 30, 2021, compared to SGD 0.07 for the same period in 2020[5] - The total employee costs for the six months ended June 30, 2021, were SGD 34,068,000, which includes salaries and bonuses of SGD 26,307,000, up from SGD 14,743,000 in the same period of 2020[32] - The group’s income tax expense for the six months ended June 30, 2021, was SGD 251,000, compared to SGD 71,000 in the same period of 2020[34] - The total cost of property, plant, and equipment purchased by the group was approximately SGD 33,000 for the six months ended June 30, 2021, compared to SGD 115,000 for the same period in 2020[40] Government Grants and Other Income - The group recognized approximately SGD 44,000 in government grants related to COVID-19 during the six months ended June 30, 2021[31] - Total other income for the six months ended June 30, 2021, was SGD 155,000, down from SGD 574,000 in the same period of 2020[30] - Other income decreased by approximately SGD 419,000 or 73.0% from SGD 574,000 to SGD 155,000, primarily due to reduced government subsidies and foreign exchange gains[62] Employee and Management Information - The group employed 63 full-time employees as of June 30, 2021, an increase from 57 employees as of June 30, 2020[73] - The total remuneration for key management personnel for the six months ended June 30, 2021, was SGD 416,000, a decrease from SGD 474,000 for the same period in 2020[53] Future Plans and Investments - The group is actively exploring new business opportunities and has signed a non-binding memorandum of understanding with Zhong An Holdings Group to expand revenue sources and establish a wholly-owned subsidiary in Hong Kong[56] - The company plans to delay the utilization of the remaining net proceeds until the business environment improves post-COVID-19, expected by the end of 2021[98] - The group has no future plans for significant investments or equity assets as of June 30, 2021[81] Compliance and Reporting - The audit committee, consisting of two independent non-executive directors, has reviewed the unaudited condensed consolidated interim financial statements for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[110] - The company will publish the report on the Hong Kong Stock Exchange website and its own website for at least seven days from the publication date[111] - The report is prepared in English and translated into Chinese, with the English version prevailing in case of discrepancies[112] - The company is listed under stock code 8462 on the Hong Kong Stock Exchange[115]

Financial Performance - Revenue for the first quarter of 2021 was SGD 18,713,000, representing a 91.5% increase from SGD 9,775,000 in the same period of 2020[4] - Gross profit for the first quarter of 2021 was SGD 2,424,000, up 45.0% from SGD 1,672,000 year-on-year[4] - Operating profit increased to SGD 1,034,000, compared to SGD 460,000 in the first quarter of 2020, marking a 124.3% growth[4] - Profit before tax for the first quarter of 2021 was SGD 1,026,000, a significant increase of 128.0% from SGD 450,000 in the previous year[4] - Net profit for the period was SGD 847,000, which is a 122.5% increase compared to SGD 381,000 in the same quarter of 2020[4] - Total comprehensive income for the first quarter of 2021 was SGD 847,000, compared to SGD 346,000 in the same period of 2020, reflecting a 144.5% increase[6] - Basic and diluted earnings per share for the first quarter of 2021 were SGD 0.14, up from SGD 0.06 in the same quarter of 2020, representing a 133.3% increase[6] - The company reported a profit attributable to shareholders of approximately SGD 847,000 for the three months ended March 31, 2021, compared to SGD 381,000 for the same period in 2020, representing a 123% increase[30] - Basic earnings per share increased to SGD 0.14 for the three months ended March 31, 2021, up from SGD 0.06 in the same period of 2020, reflecting a 133% growth[30] - The group's profit for the three months ended March 31, 2021, was approximately SGD 847,000, an increase of about SGD 466,000 or 122.3% compared to approximately SGD 381,000 for the same period in 2020[52] Revenue Sources - Revenue from client A was SGD 4,611,000, representing 24.6% of total revenue, compared to SGD 1,443,000 in the same period of 2020[19] - Revenue from client B was SGD 2,234,000, which was not applicable in the same period of 2020[19] - Revenue from human resource outsourcing services rose to approximately SGD 18.5 million, up from SGD 9.5 million, indicating a significant increase driven by more work orders from government and private sector clients[44] Costs and Expenses - The cost of services for the three months ended March 31, 2021, was SGD 17,317,000, up from SGD 9,094,000 in the same period of 2020, reflecting an increase of 90.2%[24] - The group reported a pre-tax profit after deducting service costs, which included salaries and bonuses of SGD 13,536,000 for the three months ended March 31, 2021, compared to SGD 6,545,000 in 2020[24] - The income tax expense for the three months ended March 31, 2021, was SGD 179,000, compared to SGD 69,000 in the same period of 2020[26] - Other income decreased by approximately SGD 190,000 or 59.9% to SGD 127,000 due to reduced foreign exchange gains from the appreciation of the Singapore dollar against the Hong Kong dollar[47] - Total compensation for key management personnel decreased to SGD 215,000 from SGD 234,000 in the same period of 2020[37] - The total employee cost for the three months ended March 31, 2021, was approximately SGD 17.3 million, compared to about SGD 9.1 million for the same period in 2020[58] Financial Position - The company's total equity increased to SGD 16,711,000 as of March 31, 2021, compared to SGD 15,864,000 at the beginning of the year[8] - The group's cash and bank balance as of March 31, 2021, was approximately SGD 14.0 million, down from about SGD 19.3 million as of December 31, 2020[55] - The current ratio as of March 31, 2021, was approximately 2.4 times, compared to 2.0 times as of December 31, 2020[55] Corporate Governance and Compliance - The group’s financial statements were prepared in accordance with International Financial Reporting Standards, with no significant impact from the application of revised standards[15] - The company has established an audit committee in accordance with GEM Listing Rules, which is responsible for overseeing financial reporting and internal controls[86] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are currently held by the same individual[81] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ending March 31, 2021, and believes they comply with applicable accounting standards and regulations[88] Strategic 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 actively exploring new business opportunities and has signed a non-binding memorandum of understanding with a subsidiary in Shenzhen to expand revenue sources and establish a wholly-owned subsidiary in Hong Kong[41] - The company plans to continue seizing market opportunities to achieve sustainable business growth and long-term benefits for shareholders[42] - The company is considering strategic acquisitions to enhance its product offerings, with a budget of $50 million allocated for this purpose[93] - The management emphasized the importance of customer feedback in shaping future product development strategies[93] - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the fiscal year[93] - The board of directors remains committed to maintaining shareholder value through consistent performance and strategic growth initiatives[93] Market Performance - User data showed an increase in active users by 20% compared to the previous quarter[93] - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10%[93] - New product launches are expected to contribute an additional 5% to overall revenue in the upcoming quarter[93] - Market expansion plans include entering two new regions, which are projected to increase market share by 3%[93]

Financial Performance - The group's revenue increased from approximately SGD 36.7 million for the year ended December 31, 2019, to approximately SGD 51.7 million for the year ended December 31, 2020, representing a growth of about 40.9%[8] - The gross profit rose from approximately SGD 5.7 million to approximately SGD 5.9 million, with a gross profit margin decreasing from about 15.6% to approximately 11.3% due to adjustments in business strategy to cope with market competition[8] - The group recorded a profit of approximately SGD 0.2 million for the year ended December 31, 2020, compared to a loss of approximately SGD 1.2 million for the year ended December 31, 2019, primarily due to reduced administrative expenses and increased government subsidies[8] - Revenue from human resource outsourcing services increased from approximately SGD 35.3 million to approximately SGD 51.1 million, a rise of about 44.8%[14] - Revenue from human resource recruitment services decreased from approximately SGD 1.4 million to approximately SGD 0.6 million[13] - Revenue from human resources recruitment services decreased by approximately SGD 0.8 million or 57.1% to about SGD 0.6 million for the year ended December 31, 2020, primarily due to the impact of the pandemic[16] - Revenue from other human resources support services decreased by approximately SGD 14,000 or 50.0% to about SGD 14,000 for the year ended December 31, 2020, mainly due to a reduction in referral and secondment services[17] - Service costs increased by approximately SGD 14.8 million or 47.7% to about SGD 45.8 million for the year ended December 31, 2020, driven by an increase in labor costs[18] - Other income increased by approximately SGD 735,000 or 432.4% to about SGD 905,000 for the year ended December 31, 2020, mainly due to government subsidies related to COVID-19[20] - Administrative expenses decreased by approximately SGD 0.6 million or 8.7% to about SGD 6.3 million for the year ended December 31, 2020, due to reduced internal employee costs[21] - The profit for the year ended December 31, 2020, was approximately SGD 232,000, an increase of about SGD 1.4 million or 116.7% compared to a loss of approximately SGD 1.2 million for the year ended December 31, 2019[24] - Total assets increased to approximately SGD 32.0 million as of December 31, 2020, compared to about SGD 20.2 million as of December 31, 2019[29] - Cash and cash equivalents amounted to approximately SGD 19.3 million as of December 31, 2020, up from about SGD 12.7 million as of December 31, 2019[29] Business Strategy and Opportunities - The company is actively exploring new business opportunities to expand its operations in different regions, including a memorandum of understanding with Zhong An Holdings Group (Shenzhen) Co., Ltd. for potential business collaboration[11] - The company aims to achieve sustainable business growth and long-term benefits for shareholders by seizing various market opportunities[12] - The company aims to strengthen its position in the Singapore human resources industry while expanding its business in Hong Kong[44] - The company is one of the largest operators providing human resource outsourcing and recruitment services to public sector clients in Singapore[43] - The overall business development strategy has been focused on expanding into the Asia-Pacific region, particularly in Singapore, Malaysia, Thailand, Taiwan, and China[182] - The company is exploring potential business collaborations with Shenzhen Kaiwen Technology Co., Ltd., which may lead to new market opportunities[176] - The management team is actively pursuing mergers and acquisitions to enhance market presence and service capabilities[182] Environmental, Social, and Governance (ESG) Initiatives - The company has implemented energy-saving measures to reduce indirect carbon emissions, including using energy-efficient equipment and encouraging public transport[53] - The company emphasizes compliance with environmental, social, and governance (ESG) guidelines and aims to create value for stakeholders[42] - The company has committed to maintaining high ethical standards and minimizing negative environmental impacts[44] - The company does not produce or release harmful pollutants or wastewater due to its operations being conducted in a typical office environment[52] - The management team is responsible for executing approved ESG policies and monitoring compliance and performance[50] - The company's indirect carbon emissions amounted to approximately 12.64 tons during the reporting period, a reduction of about 79% compared to the previous year[56] - Electricity consumption decreased by 60% to 30,936 kWh in 2020, with a per-employee consumption of 533.4 kWh, down 56.6% from 2019[60] - The total usage of printing paper was 100,701 sheets in 2020, a decrease of 223,635 sheets or approximately 69% compared to the previous year[61] - The company aims to reduce electricity consumption by an additional 1.5% in the coming year[61] - The company has implemented various policies to reduce indirect carbon emissions and water consumption in the upcoming year[66] - The company has not received any fines or warnings related to waste disposal or emissions during the reporting period[57] - The company continues to encourage employees to use resources responsibly, including electricity and water[67] - The company has established clear environmental policies aimed at achieving pollution-free operations and conserving scarce resources[59] - The management team recognizes global warming and freshwater conservation as critical climate issues affecting operational costs[65] - The company has committed to monitoring resource usage and investing in modern technologies to promote energy and resource conservation[64] Employee and Workforce Management - The company employed a total of 1,714 employees as of December 31, 2020, which includes 59 internal employees and 1,655 outsourced employees[73] - The number of internal employees decreased from 63 at the beginning of 2020 to 58 by the end of 2020, indicating minimal change[85] - The company adheres to local employment laws in Singapore and Hong Kong, including the Employment Act and the Central Provident Fund Act in Singapore, and the Employment Ordinance and Mandatory Provident Fund Schemes Ordinance in Hong Kong[70] - All eligible employees are provided with statutory benefits, including Central Provident Fund, Mandatory Provident Fund, social insurance, and medical insurance[70] - The company has implemented a mixed policy of external recruitment and internal promotion for job vacancies, ensuring equal opportunity for all applicants[70] - The company has maintained compliance with all employee-related responsibilities, including salary payments and health benefits, with no disputes or violations reported[85] - The company emphasizes a safe working environment and has implemented safety rules and policies in accordance with local health and safety regulations[86] - The company promotes a fair and just work environment, encouraging open communication and innovation among employees[73] - Employee compensation is determined based on current market levels, skills, qualifications, and experience[70] - The company has a total of 1,311 employees in 2019, showing an increase in workforce in 2020[73] - The company provided employee compensation insurance for all internal and outsourced employees in Singapore, complying with local regulations[87] - There were four injury cases reported among outsourced employees in Singapore during the 2020 reporting period, a decrease of one case compared to 2019, with a total of 15 lost workdays recorded[88] - The percentage of trained internal employees decreased from 33.33% in 2019 to 26.25% in 2020, while trained outsourced employees increased from 0% to 26.09%[92] - Average training hours per employee dropped significantly, with internal employees receiving 0.14 hours and outsourced employees receiving 0.18 hours in 2020, compared to 0.37 hours for internal employees in 2019[95] - The company plans to continue providing internal and external training programs to enhance employee skills in response to competitive pressures in the outsourcing industry[96] - The company maintained compliance with all relevant labor laws and regulations, with no reports of labor disputes or lawsuits during the 2020 reporting period[96] Corporate Governance - The board of directors consists of eight members, including four independent non-executive directors, exceeding the GEM listing rules requirement[118] - 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 company has taken appropriate insurance coverage for potential legal actions faced by directors[119] - The board held 13 meetings during the year, with an average attendance rate of 92.3% among directors[125] - Chairman and CEO Mr. Zhou Zhijian attended all 13 meetings, demonstrating full engagement in governance[125] - The company adopted a board diversity policy, emphasizing the importance of diverse skills and experiences among board members[127] - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the company's affairs[132] - All directors received training on their duties and responsibilities, ensuring they are well-informed about governance practices[124] - The company has confirmed that there are no direct or indirect competitive businesses held by directors or major shareholders[126] - The company encourages directors to participate in relevant training courses, with costs covered by the company[124] - The board is committed to reviewing its governance practices regularly to ensure compliance with applicable rules and regulations[131] - The company believes that having the same individual serve as both Chairman and CEO ensures consistent leadership and effective strategic planning[131] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the year ended December 31, 2020, ensuring compliance with applicable accounting standards and GEM listing rules[136] - The remuneration committee held five meetings during the year to review and recommend the remuneration packages for directors and senior management[138] - The nomination committee conducted seven meetings to assess the board's structure and evaluate the independence of non-executive directors[141] - The company has established a governance framework to ensure compliance with legal and regulatory requirements[143] Shareholder Communication and Policies - The company has adopted a shareholder communication policy to ensure equal and timely access to information for shareholders[164] - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting[160] - The company has not made any changes to its memorandum and articles of association during the year[166] - The revised and restated memorandum and articles of association have been published on both the stock exchange and the company's website[167] - The company has a dividend policy in place since January 1, 2019, which outlines principles for declaring and paying dividends based on net profits[128] - The board considers various factors, including financial performance and cash flow, when proposing dividends[134] - The company can declare dividends in cash or other forms deemed appropriate by the board[134] - Any unclaimed dividends will be forfeited and returned to the company according to its articles of association[134] Audit and Internal Control - The board of directors is responsible for establishing and maintaining the internal control system to safeguard shareholder investments and group assets[154] - The internal control system aims to facilitate effective and efficient operations while minimizing risks faced by the group[154] - 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[154] - The audit committee reviewed the internal audit function and corporate governance compliance for the year ended December 31, 2020[136] - The independent auditor, Guowei CPA Limited, was engaged to provide audit and non-audit services, with total fees amounting to SGD 142,000 for audit services[150] Business Overview - The company is primarily engaged in providing human resource outsourcing and recruitment services[199] - The group reported its annual performance for the year ending December 31, 2020, along with audited consolidated financial statements[197] - The company was listed on GEM on July 17, 2017, after a public offering of 15,000,000 shares and a placement of 135,000,000 shares[198] - The business review for the year is detailed in the "Chairman's Report" and "Management Discussion and Analysis" sections of the annual report[200]

Financial Performance - Revenue for the nine months ended September 30, 2020, was SGD 35,192,000, an increase of 28.1% compared to SGD 27,487,000 for the same period in 2019[5] - Gross profit for the nine months ended September 30, 2020, was SGD 4,312,000, a decrease of 9.7% from SGD 4,771,000 in the same period of 2019[5] - Operating profit for the nine months ended September 30, 2020, was SGD 746,000, compared to an operating loss of SGD 411,000 in the same period of 2019[5] - Net profit for the nine months ended September 30, 2020, was SGD 602,000, compared to a net loss of SGD 472,000 in the same period of 2019[5] - Basic and diluted earnings per share for the nine months ended September 30, 2020, was SGD 0.10, compared to a loss per share of SGD 0.08 in the same period of 2019[7] - Total comprehensive income for the nine months ended September 30, 2020, was SGD 591,000, compared to a total comprehensive loss of SGD 460,000 in the same period of 2019[9] - The company reported other income of SGD 718,000 for the nine months ended September 30, 2020, significantly higher than SGD 108,000 in the same period of 2019[5] - Total service revenue for the three months ended September 30, 2020, was SGD 13,000, a decrease of 27.8% compared to SGD 18,000 in the same period of 2019[27] - The group reported a pre-tax profit of SGD 175,000 for the three months ended September 30, 2020, compared to a loss of SGD 266,000 in the same period of 2019[34] - The company reported a profit of approximately SGD 0.6 million for the nine months ended September 30, 2020, compared to a loss of SGD 0.5 million for the same period in 2019, marking an increase of about SGD 1.1 million or 220.0%[54] Revenue Sources - For the nine months ended September 30, 2020, the company reported revenue from human resource outsourcing services of SGD 34.699 million, an increase of 31.5% compared to SGD 26.423 million for the same period in 2019[25] - Revenue from human resource recruitment services decreased to SGD 483,000 for the nine months ended September 30, 2020, down from SGD 1.037 million in the same period of 2019, representing a decline of 53.5%[25] - Major clients contributed significantly to revenue, with Client B generating SGD 6.016 million for the nine months ended September 30, 2020, compared to SGD 4.429 million in the same period of 2019, an increase of 35.8%[23] - The total revenue for the nine months ended September 30, 2020, was SGD 35.192 million, compared to SGD 27.487 million for the same period in 2019, reflecting an overall growth of 28.1%[25] Expenses and Costs - Administrative expenses decreased to SGD 4,284,000 for the nine months ended September 30, 2020, from SGD 5,290,000 in the same period of 2019, reflecting a reduction of 19.0%[5] - Total employee costs for the nine months ended September 30, 2020, increased to SGD 33,864,000 from SGD 26,093,000 in the same period of 2019, representing a 29.8% increase[29] - Service costs increased by approximately SGD 8.2 million or 36.1% from SGD 22.7 million to SGD 30.9 million, mainly due to rising labor costs[48] - The group incurred a total tax expense of SGD 125,000 for the nine months ended September 30, 2020, compared to SGD 61,000 in the same period of 2019[31] - The group’s depreciation expense for property, plant, and equipment for the nine months ended September 30, 2020, was SGD 164,000, down from SGD 241,000 in the same period of 2019[29] Financial Position - The company’s total equity increased to SGD 16,195,000 as of September 30, 2020, from SGD 17,168,000 as of January 1, 2019[9] - As of September 30, 2020, the group's cash and bank balances were approximately SGD 17.6 million, an increase from SGD 12.7 million as of December 31, 2019[57] - The current ratio as of September 30, 2020, was approximately 2.3 times, down from 4.3 times as of December 31, 2019[57] - The group had no significant capital commitments as of September 30, 2020[62] - The group had no significant contingent liabilities or guarantees as of September 30, 2020[66] Governance and Compliance - The company has adopted the corporate governance code as per GEM listing rules and has complied with it for the nine months ending September 30, 2020, except for the separation of the roles of Chairman and CEO[82] - The audit committee, established in June 2017, has reviewed the unaudited consolidated financial statements for the nine months ending September 30, 2020, and confirmed compliance with applicable accounting standards and GEM listing rules[89] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending September 30, 2020[85] Future Outlook - The company continues to focus on expanding its human resource outsourcing and recruitment services, aiming for further growth in the upcoming quarters[12] - The company is actively exploring new business opportunities in the digital media sector and has established a wholly-owned subsidiary in Singapore to identify potential growth markets[44] - The company has entered into a non-binding memorandum of understanding with Zhong An Holdings Group (Shenzhen) Co., Ltd. to expand revenue sources and create opportunities in the digital media and human resources sectors[44] - The company anticipates continued challenges in the fiscal year due to the economic downturn in China and the impact of COVID-19 on the human resources services industry[43] Other Information - The company has adopted new and revised International Financial Reporting Standards (IFRS) effective from January 1, 2020, which did not have a significant impact on the financial position and performance for the current and prior periods[16] - The company has early adopted IFRS 16 related to COVID-19 rent concessions, which allows for a practical expedient in accounting for lease payment changes[17] - The group had 59 full-time employees as of September 30, 2020, down from 70 employees a year earlier[59] - No dividends were declared for the nine months ended September 30, 2020, consistent with the previous year[55] - The group had no significant acquisitions or disposals during the nine months ended September 30, 2020[68] - No share options have been granted since the adoption of the share option scheme in June 2017, and there are no unexercised options as of September 30, 2020[87]