Lapco Holdings Limited 立 高 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8472） 中 期 業 績 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為較於聯交所上市的其他公司可能帶有較高投資風險的中小 型公司提供一個上市的市場。有意投資者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上市公司一般為中小型公司，在GEM買賣的證券可能會承受較於主 板買賣的證券為高的市場波動風險，同時亦無法保證在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 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關立高控股有限公司（「本公司」）的資料；本公司董事（「董事」）願就本公告的資 料共同及個別地承擔全部責任。董事在作出一切合理查詢後確認，就彼等所深 ...

Financial Performance - Revenue for the first quarter of 2023 reached HKD 250,487,000, representing a 27% increase from HKD 197,261,000 in the same period of 2022[7] - Gross profit for the first quarter of 2023 was HKD 13,464,000, up 33% from HKD 10,091,000 year-on-year[7] - The company reported a profit attributable to owners of HKD 4,401,000 for the first quarter of 2023, an increase of 45% compared to HKD 3,041,000 in the previous year[7] - Earnings per share for the first quarter of 2023 were HKD 1.10, compared to HKD 0.76 in the same quarter of 2022, reflecting a 45% increase[7] - The group's revenue increased by approximately 27.0% from about HKD 197.3 million for the three months ended March 31, 2022, to about HKD 250.5 million for the three months ended March 31, 2023[29] - Gross profit rose by approximately 33.4% from about HKD 10.1 million in the previous year to about HKD 13.5 million in the current year, with gross margins of approximately 5.1% and 5.4% respectively[29] - The group recorded a net profit of approximately HKD 4.4 million for the three months ended March 31, 2023, compared to HKD 3.0 million for the same period in 2022, attributed to new contract approvals and improved operational efficiency[30] - The total comprehensive income for the first quarter of 2023 was HKD 4,401,000, compared to HKD 3,041,000 in the same quarter of 2022[9] Expenses and Costs - Administrative expenses increased to HKD 8,873,000 in the first quarter of 2023 from HKD 7,324,000 in the same period last year[7] - Administrative expenses increased from approximately HKD 7.3 million to HKD 8.9 million, primarily due to higher professional fees and increased salaries and bonuses[29] - The financing costs rose by approximately 3.6% from HKD 0.9 million to HKD 1.0 million, mainly due to increased interest expenses on financing leases for purchased vehicles[30] Business Segments - The cleaning services segment generated revenue of HKD 213,570,000, accounting for 85% of total revenue, while pest management services contributed HKD 7,804,000[20] - The company continues to focus on expanding its environmental hygiene services, including cleaning, pest management, waste management, and gardening services[11] - There were no inter-segment revenues during the reporting period, indicating a clear focus on external service provision[20] Future Plans and Outlook - The group plans to invest in vehicles, cleaning machines, and equipment to expand its business and enhance its capacity to undertake more projects[32] - The company aims to secure more tender contracts from government departments and private entities that currently do not use its services, leveraging its substantial resources[35] - The outlook for the environmental hygiene services industry is optimistic, driven by increased public awareness of hygiene and health, as well as rising service demand due to ongoing pandemic responses[35] Shareholding and Governance - As of March 31, 2023, major shareholders include Mr. Zhang Junwen with a controlled corporation interest of 119,600,000 shares, representing approximately 29.90% of the total shares[41] - Another major shareholder, Mr. Tan Guichu, holds 21,000,000 shares, which is about 5.25% of the total shares[41] - The company has established an Audit Committee, which includes three independent non-executive directors, responsible for reviewing financial reports and internal control systems[44] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[43] - The company has a Compensation Committee that oversees the remuneration policies for all directors and senior management[46] - The Nomination Committee is responsible for recommending appointments and succession planning for directors[47] - The company has not disclosed any violations of the securities transaction code by directors since its listing date[43] - The company has not identified any other individuals with significant shareholdings apart from those disclosed[41] Other Information - The group recorded other income of approximately HKD 1.4 million, down from HKD 1.8 million in the previous year, mainly due to government subsidies for phasing out diesel commercial vehicles[29] - The group did not declare or propose any dividends for the three months ended March 31, 2023, consistent with the previous year[25] - The report will be available on the GEM website and the company's website for at least seven days from the publication date[49] - The report is dated May 12, 2023, and includes the names of the current board members[49]

Lapco Holdings Limited 立 高 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8472） 第 一 季 度 業 績 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為較於聯交所上市的其他公司可能帶有較高投資風險的中小 型公司提供一個上市的市場。有意投資者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上市公司一般為中小型公司，在GEM買賣的證券可能會承受較於主 板買賣的證券為高的市場波動風險，同時亦無法保證在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 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關立高控股有限公司（「本公司」）的資料；本公司董事（「董事」）願就本公告的資 料共同及個別地承擔全部責任。董事在作出一切合理查詢後確認， ...

Financial Performance - The group recorded an increase in revenue during the reporting period, driven by heightened demand for cleaning services due to COVID-19 pandemic measures[8]. - The company's revenue increased by approximately 26.2% from HKD 765.9 million in the year ended December 31, 2021, to about HKD 966.3 million in the year ended December 31, 2022[18]. - The service costs rose by approximately 27.3% to about HKD 918.5 million, representing about 95.0% of the total revenue for the year ended December 31, 2022[25]. - The gross profit increased by approximately 7.3% to about HKD 47.8 million, with a gross profit margin of 5.0%, down from 5.8% in the previous year[27][28]. - The company recorded other income of approximately HKD 10.5 million, a significant increase from HKD 0.5 million in the previous year, primarily due to government subsidies related to COVID-19[29]. - Profit attributable to shareholders for the reporting period was approximately HKD 20.3 million, significantly up from HKD 5.4 million for the year ended December 31, 2021[32]. Operational Challenges - The company faced challenges such as labor shortages and high operating costs, particularly in insurance, labor, and vehicle expenses[8]. - The company aims to enhance operational efficiency and control costs while improving internal monitoring and financial conditions[9]. Business Growth and Opportunities - The group successfully secured additional service contracts, particularly from the Hong Kong government, contributing to business growth during the reporting period[8]. - The group is actively exploring business opportunities in mainland China and Southeast Asia, having obtained the necessary qualifications to enter the mainland market[11]. - The company aims to secure more tender contracts from government departments and private institutions that currently do not use its services[15]. - The company plans to enhance its capabilities by investing in vehicles, cleaning machines, and equipment to expand its business and take on more projects[14]. Industry Outlook - The company anticipates a recovery in the global and local economy post-COVID-19, remaining vigilant to the pandemic's impact on operations and finances[11]. - The group is optimistic about the prospects of the environmental hygiene services industry due to increasing public awareness of hygiene and health[11]. - The company remains optimistic about the future of the environmental hygiene services industry due to increasing public awareness and demand for services[17]. Employee and Workforce - The workforce increased to 3,853 employees as of December 31, 2022, compared to 2,231 employees in the previous year[20]. - The employee composition for 2022 shows a total of 3,853 employees, with 44% male and 56% female, compared to 46% male and 54% female in 2021[194]. - The employee turnover rate is reported at 32% for males and 31% for females, indicating a need for improved retention strategies[199]. - The average training hours for employees were 20 hours for directors, 15 hours for management, and 2 hours for regular employees[163]. Corporate Governance - The board of directors consists of executive and independent non-executive members, with no significant relationships among them[55]. - The company has established a remuneration committee to review the remuneration policy based on the group's operating performance and market practices[89]. - The audit committee consists of three independent non-executive directors, ensuring independent oversight of financial reporting and risk management[113]. - The company has maintained effective corporate governance policies, which have been reviewed and deemed effective by the board[107]. - The company has complied with all applicable corporate governance codes during the reporting period[100]. Environmental, Social, and Governance (ESG) Initiatives - The company reported its environmental, social, and governance (ESG) performance for the fiscal year ending December 31, 2022, focusing on sustainability initiatives[142]. - The company aims to integrate environmental practices into all business services to maintain social sustainability[145]. - The company has established an ESG working group to develop policies and actions, ensuring compliance with relevant laws and regulations[151]. - The company is committed to improving workplace health and safety through training and adherence to safety regulations[147]. - The company has implemented a risk management framework to monitor risks associated with achieving strategic goals, including ESG-related risks[152]. - The company emphasizes transparency and accuracy in reporting ESG performance, adhering to the GEM listing rules[143]. - The company has committed to ISO 14001 standards to minimize environmental pollution in daily operations[147]. Environmental Performance - The company achieved a 3% reduction in absolute greenhouse gas emissions compared to the previous fiscal year[163]. - Waste paper generated decreased by 9% year-on-year[163]. - Electricity consumption and density both reduced by 8%[163]. - Diesel consumption decreased by 3%[163]. - The company’s fleet consists of over 90% EU5 standard vehicles, significantly reducing sulfur dioxide emissions by 80%[168]. - Nitrogen oxides (NOx) emissions decreased from 28,529 kg in the previous year to 26,496 kg[168]. - Sulfur oxides (SOx) emissions slightly decreased from 44 kg to 43 kg[168]. - Particulate matter (PM) emissions reduced from 2,172 kg to 2,123 kg[168]. - The company continues to implement measures to reduce vehicle emissions through efficient delivery planning[169]. - The company aims to limit and reduce greenhouse gas emissions intensity to the 2022 level by 2030, focusing on energy efficiency and carbon reduction measures[172]. - The company is committed to addressing climate change risks by incorporating climate risk factors into its business strategy planning[186].