Financial Performance - The group reported revenue of HKD 1,857,000 for the six months ended February 28, 2025, a decrease of 26.5% compared to HKD 2,528,000 for the same period in 2024[11]. - Other income decreased significantly to HKD 57,000 from HKD 605,000, marking a decline of 90.6% year-over-year[11]. - The group incurred a loss before tax of HKD 3,648,000, compared to a loss of HKD 2,454,000 in the previous year, representing an increase in loss of 48.6%[11]. - The basic and diluted loss per share was HKD 0.05, compared to HKD 0.04 for the same period last year[11]. - Total comprehensive loss for the period was HKD 3,763,000, up from HKD 2,326,000 in the previous year, indicating a 61.9% increase in comprehensive loss[13]. - The group reported a net loss attributable to equity holders of the parent of HKD 3,530,000, compared to HKD 2,407,000 in the prior year, reflecting a 46.6% increase in net loss[13]. - The group experienced a foreign exchange loss of HKD 100,000 from overseas operations, compared to a gain of HKD 128,000 in the previous year[13]. - The net cash used in operating activities for the six months ended February 28, 2025, was HKD (17,765,000), compared to HKD (8,929,000) in the previous year[21]. - The group reported a pre-tax loss of HKD 3,530,000 for the six months ended February 28, 2025, compared to a loss of HKD 2,407,000 for the same period in 2024[48]. - The group reported a loss of approximately HKD 3.6 million for the period, an increase from a loss of approximately HKD 2.5 million in the same period last year[75]. Revenue Breakdown - Restaurant operations revenue for the six months ended February 28, 2025, was HKD 1,664,000, a decrease of 32.5% from HKD 2,467,000 for the same period in 2024[34]. - Food supply chain services revenue increased to HKD 193,000 from HKD 61,000, representing a growth of 216.4% year-over-year[34]. - Total revenue for the group decreased to HKD 1,857,000, down 26.5% from HKD 2,528,000 in the previous year[34]. - Other income for the six months ended February 28, 2025, was HKD 57,000, a significant decline from HKD 605,000 in the same period of 2024[39]. Assets and Liabilities - Total liabilities as of February 28, 2025, amounted to HKD 24,592,000, with current liabilities netting at HKD 4,365,000[25]. - Non-current assets decreased from HKD 1,887,000 to HKD 1,382,000, reflecting a decline of approximately 26.8%[17]. - Current assets decreased from HKD 6,377,000 to HKD 5,548,000, a reduction of about 13%[17]. - The company’s cash and bank balances decreased from HKD 626,000 to HKD 532,000, a decline of approximately 15%[17]. - The company’s total equity as of February 28, 2025, was HKD (24,592,000), compared to HKD (23,760,000) as of August 31, 2024[17]. - The group recorded a net current liability of approximately HKD 4.4 million as of February 28, 2025, compared to HKD 24.5 million as of August 31, 2024[77]. - The total borrowings of the group amounted to approximately HKD 20.6 million as of February 28, 2025, compared to none as of August 31, 2024[77]. - The company’s total non-current liabilities increased significantly from HKD 1,189,000 to HKD 21,609,000, indicating a substantial rise in financial obligations[17]. Cost Management - Employee costs decreased to HKD 2,872,000 from HKD 4,084,000, a reduction of 29.6% year-over-year[11]. - Employee costs decreased from approximately HKD 4.1 million to about HKD 2.9 million, a reduction of approximately 29.3% due to the cessation of self-operated restaurants[69]. - Rental and related expenses decreased from approximately HKD 1.9 million to about HKD 25,000, a decrease of approximately 98.7% due to the closure of self-operated restaurants[70]. - Interest on lease liabilities rose to HKD 137,000 from HKD 29,000, indicating a significant increase in financial costs[42]. - The cost of goods sold increased from approximately HKD 0.2 million to about HKD 0.4 million, representing a 100% increase year-on-year, primarily due to new restaurants in Hong Kong[66]. Strategic Initiatives - The company plans to diversify its business to generate more cash and has signed a one-year extension agreement with former directors to discuss debt-to-equity swaps[28]. - The company aims to expand profitable restaurant operations by increasing distribution channels and eliminating underperforming restaurants[28]. - The group plans to diversify its business by providing health soups and foods to explore new revenue sources[61]. - The group aims to enter the supermarket supply chain business, offering inventory management, refrigeration, and logistics services[61]. - The group has adjusted its strategic focus towards supply chain operations as a key area for future development[61]. Corporate Governance - The group did not declare or recommend any dividends for the period ended February 28, 2025[46]. - The group did not acquire any property, plant, and equipment during the period, maintaining a previous acquisition value of HKD 571,000[49]. - The company has no significant investments or acquisitions planned for the future as of the report date[84]. - The company has adopted a revised memorandum and articles of association to reflect a name change as of February 29, 2024[86]. - The company has no capital commitments related to leasehold improvements as of February 28, 2025[83]. - The company confirmed a change in revenue recognition for its food supply chain business, leading to a decrease in reported revenue for the fiscal year[102]. - The company did not repurchase any of its listed securities during the reporting period[114]. - No stock options were granted, cancelled, or exercised during the reporting period, with zero unexercised options as of February 28, 2025[115]. - The company has adopted the GEM Listing Rules as its code of conduct for securities trading by directors[119]. - The board confirms compliance with all applicable corporate governance codes during the reporting period[120]. - There were no competitive business interests held by directors or controlling shareholders during the reporting period[121]. - The Audit Committee was established on July 23, 2018, and consists of three independent non-executive directors, with Mr. Zhou as the chairman[124]. - The Audit Committee's main responsibilities include reviewing and supervising the group's financial reporting procedures and internal control systems[124]. - The unaudited condensed consolidated financial statements have been reviewed by the Audit Committee and deemed to comply with applicable accounting standards and GEM listing rules[124]. Shareholder Information - As of February 28, 2025, Mr. Li Junjian holds 6,816,000 shares, representing 10.00% of the company's issued shares[105]. - Mr. Ye Weihang, in conjunction with others, holds 3,049,900 shares, accounting for 4.47% of the company's issued shares[105]. - Ms. Huang Weiyan owns 528,000 shares, which is approximately 0.77% of the company's issued shares[105]. - Mr. Zhou Bo has a controlled interest in 8,800,000 shares, representing 12.91% of the company's issued shares[112]. - The beneficial ownership of Mr. Zhou Bo includes an additional 9,047,560 shares, totaling 13.27% of the company's issued shares[112]. - The company expresses gratitude to shareholders, business partners, and customers for their ongoing support[125]. - The board acknowledges the efforts and contributions of all directors, management, and staff during the reporting period[125]. - The executive directors as of the report date include Mr. Li (Chairman), Mr. Jiang, Mr. Ye, and Mr. Liang[127]. - The non-executive director is Mr. Su, while the independent non-executive directors are Mr. Zhou, Ms. Huang, and Ms. Xie[127].

Financial Performance - Revenue for the six months ended February 28, 2025, was HKD 1,857,000, a decrease of 26.5% compared to HKD 2,528,000 for the same period in 2024[7] - Other income decreased significantly to HKD 57,000 from HKD 605,000, representing a decline of 90.6%[7] - The company reported a loss before tax of HKD 3,648,000, which is an increase of 48.7% compared to a loss of HKD 2,454,000 in the previous year[7] - Basic and diluted loss per share was HKD 0.05, compared to HKD 0.04 for the same period last year[7] - The company has reported a total comprehensive loss of HKD 3,763,000 for the period, compared to HKD 2,326,000 in the previous year[9] - The company reported a loss attributable to equity holders of HKD 3,530,000 for the six months ended February 28, 2025, compared to a loss of HKD 2,407,000 for the same period in 2024, indicating an increase in losses by approximately 46.6%[21] - The group reported a pre-tax loss of HKD 3,530,000 for the six months ended February 28, 2025, compared to a loss of HKD 2,407,000 in the same period of 2024, indicating a worsening of approximately 46.6%[44] - The group recorded a loss of approximately HKD 3.6 million for the period, compared to a loss of about HKD 2.5 million in the same period last year[71] Assets and Liabilities - Total assets decreased to HKD 5,548,000 from HKD 6,377,000, reflecting a decline of 13.0%[11] - Current liabilities significantly decreased to HKD 9,913,000 from HKD 30,835,000, a reduction of 67.8%[11] - Non-current liabilities increased to HKD 21,609,000 from HKD 1,189,000, indicating a substantial rise[13] - The company's equity attributable to owners decreased to HKD (25,143,000) from HKD (24,444,000) year-on-year[13] - The total equity attributable to equity holders decreased to HKD (25,143,000) as of February 28, 2025, from HKD (24,444,000) as of September 1, 2024, showing a decline in equity[21] - The company’s total liabilities included other borrowings of HKD 20,579,000 and trade and other payables of HKD 9,183,000 as of February 28, 2025, indicating significant financial obligations[21] - As of February 28, 2025, the group had total borrowings of approximately HKD 20.6 million[73] Cash Flow - The net cash used in operating activities was HKD (17,765,000) for the six months ended February 28, 2025, compared to HKD (8,929,000) for the same period in 2024, reflecting a deterioration in cash flow from operations[17] - The company generated net cash from investing activities of HKD 14,665,000 for the six months ended February 28, 2025, compared to a net cash outflow of HKD (343,000) in the previous year, indicating a significant improvement in investment cash flow[17] - The company reported a decrease in cash and cash equivalents to HKD 532,000 as of February 28, 2025, down from HKD 1,122,000 at the end of the previous period[17] Revenue Breakdown - Restaurant operations revenue decreased to HKD 1,664,000 for the six months ended February 28, 2025, down from HKD 2,467,000 in the same period of 2024, representing a decline of approximately 32.5%[30] - Food supply chain services revenue increased to HKD 193,000 for the six months ended February 28, 2025, compared to HKD 61,000 in the same period of 2024, marking an increase of approximately 216.4%[30] - Total revenue for the group was HKD 1,857,000 for the six months ended February 28, 2025, down from HKD 2,528,000 in the same period of 2024, a decrease of about 26.5%[30] Shareholder and Equity Information - The average number of issued ordinary shares increased to 64,864,746 for the six months ended February 28, 2025, compared to 56,171,000 in the same period of 2024, an increase of approximately 15.5%[44] - The company will issue 7,046,200 shares at a payment price of HKD 0.315 per share to Mr. Zhou, totaling approximately HKD 2.2 million, to offset debts of approximately HKD 2,219,000[88] - The company will also issue 730,160 shares at the same payment price to Ms. Lin, totaling approximately HKD 0.2 million, to offset debts of approximately HKD 230,000[88] - The company aims to focus resources on developing more profitable projects following the termination of the acquisition agreement[94] - As of February 28, 2025, the company has a total of 68,160,000 shares issued[108] - Major shareholder Zhou Bo holds 12.91% of the company's shares, equating to 8,800,000 shares[108] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards[120] - The company has adopted the GEM Listing Rules and has confirmed compliance with all applicable corporate governance codes during the reporting period[116] - There were no arrangements made for directors or their associates to benefit from acquiring the company's shares or debentures during the reporting period[112] - The company expressed gratitude to shareholders, business partners, and customers for their continued support[121] - The company has not engaged in any competitive business activities that could conflict with its operations during the reporting period[117] - The company has no knowledge of any changes in director information that require disclosure since the last annual report[118] Strategic Focus and Future Plans - The company is focusing on expanding its market presence and developing new technologies to enhance its product offerings[10] - The company plans to diversify its business to generate more cash and is seeking investors to ensure its ongoing operations[24] - The company is implementing measures to tighten expenditure control and eliminate underperforming restaurants to improve profitability[24] - The group plans to diversify its business by providing health soups and foods to explore new revenue sources[57] - The group aims to focus on supply chain business as a strategic priority for future development[57]

Corporate Governance - The company established a remuneration committee on July 23, 2018, in accordance with GEM listing rules, which includes all independent non-executive directors[4]. - The nomination committee held four meetings to review the board's structure, size, and composition, and to assess the independence of non-executive directors[8]. - The company emphasizes the importance of diversity in its board composition, considering factors such as gender, age, experience, and professional knowledge[9]. - The remuneration committee is authorized to determine the specific remuneration of all executive directors and senior management, ensuring fairness and transparency[14]. - The company’s governance policies and practices are regularly reviewed to ensure compliance with legal and regulatory requirements[11]. - The board is responsible for overseeing the company’s governance functions, including the development and review of governance policies[11]. - The company has established a clear process for the appointment and re-election of directors, ensuring compliance with GEM listing rules[12]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix C1, ensuring compliance with all applicable code provisions during the fiscal year[107]. - The board of directors acknowledges the importance of good corporate governance in the management structure, internal controls, and risk management processes[106]. - The company has implemented a robust internal control system to enhance accountability and transparency[106]. - The company is focused on maintaining compliance with the GEM Listing Rules, particularly regarding the composition of the board and audit committee[108]. - The company has a dedicated compliance officer to oversee adherence to regulatory requirements[102]. - The company emphasizes the importance of continuous professional development for its directors and senior management[113]. - The board consists of seven members, including executive and independent non-executive directors, ensuring a balanced composition for effective independent judgment[120]. - All independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring compliance with independence guidelines[124]. - The board has adopted a diversity policy, ensuring that at least one-third of the board consists of independent non-executive directors[136]. - The company is committed to increasing the proportion of female board members as suitable candidates are identified, with annual reviews of the diversity policy's effectiveness[138]. - The board will continue to consider various factors, including gender, age, and professional experience, in recruitment to achieve gender diversity[138]. - The company has confirmed that all directors adhered to the trading compliance standards during the fiscal year[115]. - The company has a commitment to fulfilling its responsibilities to shareholders and enhancing shareholder value through good corporate governance practices[105]. Financial Performance - The group's revenue for the fiscal year ending August 31, 2024, was approximately HKD 3,277,000, a decrease of about 90.4% compared to HKD 34,291,000 for the fiscal year ending August 31, 2023[30]. - The group recorded a profit of approximately HKD 40,073,000 for the fiscal year, compared to a loss of HKD 13,879,000 in the previous year, primarily due to the proceeds from the sale of its Singapore business[30]. - Total revenue for the current year was HKD 3,277,000, down approximately 90.4% from HKD 34,291,000 in 2023, with restaurant operations contributing HKD 2,854,000, a decrease of about 91.6%[47]. - Gross profit fell from approximately HKD 26,123,000 in 2023 to about HKD 2,416,000 in the current year, with gross margin stable at 76.2% and 73.7% respectively[49]. - Other income increased significantly from approximately HKD 1,583,000 in 2023 to about HKD 51,080,000 in the current year, primarily due to the sale of the Singapore restaurant business generating HKD 51,267,000[50]. - Employee costs decreased from HKD 19,086,000 in 2023 to HKD 5,749,000 in the current year, a reduction of approximately 69.9%[51]. - Depreciation and amortization expenses decreased from approximately HKD 5,193,000 in 2023 to about HKD 562,000, a decline of approximately 89.2%[53]. - Financial costs dropped from approximately HKD 1,028,000 in 2023 to about HKD 105,000, a decrease of approximately 89.8%[57]. - The company recorded a profit of approximately HKD 40,073,000 in the current year, compared to a loss of HKD 13,879,000 in 2023, mainly due to the closure and sale of Singapore restaurants[59]. - As of August 31, 2024, the company's total liabilities were approximately HKD 32,024,000, down from HKD 58,257,000 in 2023, reflecting a decrease of HKD 26,278,000[60]. - The company reported a non-current liability of HKD 1,189,000 as of August 31, 2024, compared to HKD 15,167,000 in the previous year, indicating a significant reduction of approximately 92.2%[193]. - The company's equity attributable to owners decreased to HKD (24,444,000) as of August 31, 2024, from HKD (42,569,000) the previous year, reflecting an improvement of 42.6%[193]. - The total issued share capital increased from HKD 5,280,000 in 2023 to HKD 5,838,000 in 2024, representing an increase of 10.5%[193]. - The company recorded a total comprehensive expense of HKD 14,122,000 for the year, which includes a loss of HKD 13,382,000[197]. - The company has not experienced any significant violations of applicable laws and regulations during the year[198]. - The company maintained a sufficient public float, with at least 25% of its issued shares held by the public, in compliance with GEM listing rules[200]. Business Operations - The company closed all 11 self-operated restaurants and one central kitchen due to poor performance and termination of lease agreements[31]. - The company acquired 51% of PDR's Dinning Limited, which operates the Windmill Restaurant & Bar in Hong Kong, on January 25, 2024[31]. - The company is expanding its food supply chain business in Shenzhen and has established partnerships for food technology services[32]. - The company plans to expand its restaurant network in the Greater Bay Area and develop more restaurant brands to enhance market position[34]. - The company signed a memorandum of understanding with SDM Education Group to provide catering services in Singapore schools[35]. - The company is exploring multiple new restaurant brands in Hong Kong to capitalize on local market opportunities[35]. - As of August 31, 2024, the company operates one restaurant in Hong Kong after closing all Singapore locations[40]. - The company aims to enhance its food supply chain business to provide higher quality food products[41]. - The company is optimistic about future operations and is focusing on growth potential in Southeast Asia and mainland China[41]. - The company plans to increase its marketing efforts and management capabilities to improve regional market positions[41]. - The company is actively seeking profitable restaurant acquisitions in other regions, including Hong Kong and China, and is implementing strict cost control measures[61]. - The company has not engaged in any fundraising activities during the year[177]. - The company operates in restaurant operations, food ingredient sales, and food supply chain services[176]. Cash Management - The company reported a net cash outflow of HKD 512,000 from investing activities for the year, compared to HKD 3,102,000 in the previous year[172]. - Cash and cash equivalents at the end of the year amounted to HKD 626,000, down from HKD 1,359,000 at the beginning of the year[172]. - The company generated a net cash inflow of HKD 4,774,000 from financing activities, an increase from HKD 3,113,000 in the previous year[172]. - The company maintains a prudent cash management policy to ensure readiness for future growth opportunities[82]. Acquisitions and Investments - The company acquired 51% equity in PDR's Dining Limited for a total consideration of HKD 1 million, issuing 1,582,280 shares at a price of HKD 0.632 per share, which represents a discount of approximately 16.84% from the market price of HKD 0.76 on March 12, 2024[72]. - The financial statements of PDR's Dining Limited will be consolidated into the company's financial statements following the acquisition[72]. - The company has undergone acquisitions during the year, which are expected to significantly impact its performance[187]. - The company has no significant investments or acquisitions planned for the future, as of the report date[85]. Risk Management - The company faces risks related to customer preference changes and competition in the restaurant and dining market[73]. - The company has no significant foreign exchange risk as its operations are primarily denominated in RMB and HKD[74]. - The company has not incurred any capital commitments as of August 31, 2024[84]. - The company has no significant contingent liabilities or pledged assets as of August 31, 2024[86].

Financial Performance - For the six months ended February 29, 2024, the company reported total revenue of HKD 1,483,000, a decrease of 66% compared to HKD 4,361,000 for the same period last year[7]. - The company incurred a loss before tax of HKD 422,000, representing a 52% improvement from a loss of HKD 878,000 in the previous year[7]. - Basic and diluted loss per share improved to HKD 0.74 from HKD 1.80 year-on-year[7]. - The company reported a total comprehensive loss of HKD 400,000 for the period, compared to HKD 849,000 in the previous year[9]. - The company reported a loss attributable to equity holders of SGD 414,000 for the six months ended February 29, 2024, compared to a loss of SGD 792,000 for the same period in 2023, indicating a decrease in losses by approximately 48%[20]. - Total revenue for the six months ended February 29, 2024, was SGD 1,483,000, a significant decline of 66% from SGD 4,361,000 in the same period of 2023, primarily due to a drop in restaurant operations revenue[28]. - The group reported a loss of approximately 422,000 SGD for the current period, a decrease from a loss of about 878,000 SGD in the same period last year[60]. - The pre-tax loss for the group was 588 thousand SGD for the six months ended February 29, 2024, compared to 1,895 thousand SGD in the same period of 2023, indicating a 69.0% improvement[34]. Assets and Liabilities - Total assets as of February 29, 2024, amounted to HKD 3,744,000, an increase from HKD 1,592,000 as of August 31, 2023[11]. - Current liabilities increased to HKD 8,368,000 from HKD 7,418,000, indicating a rise in short-term obligations[11]. - The company’s equity attributable to owners decreased to HKD (7,557,000) from HKD (7,379,000), indicating ongoing financial challenges[12]. - The company’s total equity decreased to SGD 8,583,000 as of February 29, 2024, from SGD 8,404,000 as of September 1, 2023, reflecting ongoing financial challenges[20]. - As of February 29, 2024, the company recorded a net current liability of approximately SGD 4.6 million, improving from SGD 5.8 million as of August 31, 2023[68]. - The current ratio as of February 29, 2024, was approximately 0.4, up from 0.2 as of August 31, 2023[68]. - The company's total borrowings as of February 29, 2024, were approximately SGD 702,000, an increase from SGD 677,000 as of August 31, 2023[68]. Cash Flow and Financing - Cash used in operating activities increased to SGD 1,544,000 for the six months ended February 29, 2024, compared to SGD 356,000 in the previous year, reflecting a worsening cash flow situation[16]. - The cash and cash equivalents at the end of the period were SGD 193,000, up from SGD 49,000 at the end of the previous year, indicating a slight improvement in liquidity[16]. - The company secured a revolving loan of HKD 65,000,000 (approximately SGD 11,174,800) to support its operations as part of its financial strategy[21]. - The company has conditionally agreed to place up to 8,800,000 shares at a price of HKD 0.282 per share, raising approximately HKD 2.4 million after expenses[62]. Operational Changes and Strategies - The company plans to expand its restaurant operations by increasing distribution channels and eliminating underperforming locations while tightening expenditure controls[21]. - The group has successfully acquired a Spanish restaurant under PDR's Dining Limited on January 18, 2024, and continues to seek potential restaurant businesses in the Greater Bay Area[46]. - The group plans to enter the school catering and alcoholic beverage business, expanding its market presence beyond Singapore[46]. - A memorandum of understanding was signed with SDM Education Group Holdings Limited on March 12, 2024, regarding potential collaboration for catering services in schools in Singapore[47]. - The group entered into a general partnership agreement with MTBL Global Pte. Ltd. on April 18, 2024, to promote its products in Singapore, Hong Kong, and Malaysia[49]. Shareholder and Governance Matters - The company did not declare or recommend any dividends for the period ended February 29, 2024, consistent with the previous year[37]. - The company issued 4,000,000 share options during the period, contributing to an increase in issued share capital to 5,680 thousand HKD[43]. - The company has maintained compliance with the GEM Listing Rules and corporate governance codes throughout the reporting period[104]. - The audit committee reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards[106]. - The company expressed gratitude to shareholders, business partners, and customers for their continued support[108]. Market and Investment Activities - The company has no specific plans for future investments or acquisitions as of the report date[74]. - The company has no foreign currency hedging policy in place, as most transactions are settled in SGD[70]. - The financial impact of the acquisition will be reflected in the upcoming financial reports, contributing to revenue growth[83]. - The company continues to explore further market expansion opportunities and strategic acquisitions to enhance its portfolio[83].

Financial Performance - For the six months ended February 29, 2024, the company reported revenue of HKD 1,483,000, a decrease of 66% compared to HKD 4,361,000 for the same period last year[13]. - The company incurred a loss before tax of HKD 422,000, which is a 52% improvement from a loss of HKD 878,000 in the previous year[13]. - Basic and diluted loss per share improved to HKD 0.74 from HKD 1.80 year-on-year[13]. - Total comprehensive loss for the period was HKD 400,000, compared to HKD 849,000 in the same period last year, indicating a 53% reduction in losses[15]. - The company reported a net loss attributable to equity holders of 414,000 SGD for the six months ended February 29, 2024, compared to a loss of 792,000 SGD for the same period in the previous year[26]. - The group reported a pre-tax loss of 414,000 SGD for the six months ended February 29, 2024, compared to a loss of 792,000 SGD in the same period last year[44]. - The group reported a loss of approximately SGD 422,000 for the period, a decrease compared to a loss of approximately SGD 878,000 in the same period last year[66]. Revenue Breakdown - Restaurant operations revenue for the six months ended February 29, 2024, was 522,000 SGD, a decrease of 88.0% from 4,330,000 SGD in the same period last year[34]. - Sales of food products generated revenue of 961,000 SGD, compared to 31,000 SGD in the previous year, indicating a significant increase[34]. - Total revenue for the group was 1,483,000 SGD, down 66.0% from 4,361,000 SGD year-on-year[34]. - Revenue from restaurant operations decreased by approximately 87.9% to SGD 0.5 million from SGD 4.3 million in the same period last year, primarily due to the cessation of operations and increased competition[56][57]. - Revenue from food sales in Singapore was approximately SGD 31,000 in the same period last year, but no revenue was generated after the closure of Gangnam Kitchen on April 30, 2023[58]. - The group expanded its food trading business in Shenzhen, generating revenue of approximately SGD 1.0 million in the six months ending February 29, 2024[58]. Cost Management - Employee costs decreased significantly to HKD 702,000 from HKD 2,070,000, reflecting a 66% reduction[13]. - Other expenses decreased from approximately SGD 0.9 million to about SGD 0.3 million, a reduction of approximately 67.6%, aligning with the closure of self-operated restaurants[63]. - Financial costs decreased by approximately 97.2%, from about SGD 176,000 to SGD 5,000, primarily due to a reduction in other loans and lease liabilities[64]. - The net cash used in operating activities was (1,544,000 SGD) for the six months ended February 29, 2024, compared to (356,000 SGD) for the same period in the previous year[22]. Assets and Liabilities - Total current assets increased significantly to 3,744,000 SGD as of February 29, 2024, from 1,592,000 SGD as of August 31, 2023, representing a growth of approximately 134%[18]. - Current liabilities rose to 8,368,000 SGD as of February 29, 2024, compared to 7,418,000 SGD as of August 31, 2023, indicating an increase of about 12.9%[18]. - The total non-current liabilities increased to 4,426,000 SGD as of February 29, 2024, from 2,611,000 SGD as of August 31, 2023, reflecting a rise of about 69.5%[18]. - The company’s total equity as of February 29, 2024, was reported at (8,583,000 SGD), compared to (8,404,000 SGD) as of August 31, 2023, indicating a deterioration in equity position[18]. - As of February 29, 2024, the group recorded net current liabilities of approximately SGD 4.6 million, improving from SGD 5.8 million as of August 31, 2023[74]. Financing and Investments - The company secured a revolving loan financing of 65,000,000 HKD (approximately 11,174,800 SGD) from an independent third party[27]. - The group raised approximately SGD 411,000 (equivalent to HKD 2.4 million) from a placement of 8,800,000 shares at a price of HKD 0.282 per share, completed on July 26, 2023[68]. - The group acquired a 51% stake in PDR's Dining Limited for approximately HKD 1.0 million, with shares issued at HKD 0.632 each on March 19, 2024[72]. - The company has acquired 51% of PDR's Dining Limited for a total consideration of HKD 1 million, with the completion of the acquisition occurring on March 19, 2024[89]. Strategic Plans - The company plans to continue focusing on cost management and operational efficiency to improve financial performance in the upcoming periods[15]. - The company is exploring new market opportunities and potential product innovations to drive future growth[15]. - The company plans to expand its profitable restaurant operations by increasing distribution channels and eliminating underperforming restaurants[27]. - The company plans to expand into school catering and alcoholic beverage services, and has successfully acquired a Spanish restaurant under PDR's Dining Limited on January 18, 2024[52]. - A memorandum of understanding was signed with SDM Education Group Holdings Limited for potential collaboration in providing catering services to schools in Singapore[53]. - The company entered into a general partnership agreement with MTBL Global Pte. Ltd. to promote its products in Singapore, Hong Kong, and Malaysia, leveraging advanced technology for distribution[55]. Shareholder Information - The group did not declare or recommend any dividends for the period ended February 29, 2024[43]. - The company completed a share consolidation on October 21, 2022, merging ten shares of HKD 0.01 each into one share of HKD 0.1, followed by a rights issue of one share for every two consolidated shares[45]. - On July 26, 2023, the company successfully placed 8,800,000 shares at a price of HKD 0.282 per share[45]. - The company granted 4,000,000 share options during the period, with no options granted in the previous year[105]. - The exercise price for the share options is set at HKD 0.320[105]. - A total of 1,888,000 share options were exercised during the period[105]. Corporate Governance - The company has complied with all applicable corporate governance code provisions during the reporting period[110]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and believes they have been prepared in accordance with applicable accounting standards[112]. - The board of directors includes four executive directors and three independent non-executive directors[115]. Company Name Change - The company changed its name from "K Group Holdings Limited" to "E-STATION GREEN TECHNOLOGY GROUP CO., LIMITED" effective March 8, 2024[83]. - The new stock trading abbreviation will be "E-STATION GTECH" starting from April 3, 2024[84]. - The company’s organizational documents were amended to reflect the name change on February 29, 2024[87].

智通财经APP讯，易站绿色科技(08475)公布，于2024年3月12日，该公司与SDM教育集团控股有限公司(08363)订立谅解备忘录，内容有关该集团就承接SDM于新加坡的所有学校的餐饮服务的潜在合作。根据备忘录，于各订约方进一步讨论及磋商后，各订约方可进一步订立载有建议合作条款及条件的协议。 于2024年4月18日，该公司与MTBL Global Pte. Ltd订立普通合作伙伴协议，内容有关该集团主要于新加坡、香港及马来西亚市场推广该产品。根据该协议，该集团将利用其资源及网络推广该产品，并在MTBL Global书面同意及授权的情况下，有权根据MTBL Global批准的条件(时间、地点、形式等)开展相关营销及推广活动。 据悉，MTBL Global由新加坡交易所上市公司Ascent Bridge Limited(新交所股份代号：AWG)全资拥有。MTBL Global获委任为中国白酒茅台不老白酒125毫升(该产品)的独家分销商。 MTBL Global通过开发一系列智能售货机及自有的移动应用程序(尝尝应用程序)重塑饮品供应及分销，以通过先进技术(包括人工智能及机器学习)推广该产品，提升消费者的品尝体验 ...

Financial Performance - For the three months ended May 31, 2023, the revenue was HKD 1,322,000, a decrease of 62.3% compared to HKD 3,511,000 for the same period last year[5] - For the nine months ended May 31, 2023, the revenue was HKD 5,683,000, down 45.0% from HKD 10,357,000 in the previous year[5] - The net loss for the three months ended May 31, 2023, was HKD 289,000, compared to a net loss of HKD 621,000 for the same period last year[5] - The net loss for the nine months ended May 31, 2023, was HKD 1,167,000, an increase from a net loss of HKD 679,000 in the previous year[5] - The total comprehensive loss for the three months ended May 31, 2023, was HKD 271,000, compared to HKD 593,000 for the same period last year[7] - The total comprehensive loss for the nine months ended May 31, 2023, was HKD 1,120,000, compared to HKD 652,000 in the previous year[7] - The company reported a basic and diluted loss per share of HKD 0.63 for the three months ended May 31, 2023, compared to HKD 1.42 for the same period last year[5] - The company reported a loss attributable to equity holders of SGD 1,070,000 for the period ending May 31, 2023, indicating significant uncertainty regarding its ability to continue as a going concern[13] Revenue Sources - Restaurant operations generated revenue of SGD 1,307,000 for the three months ending May 31, 2023, a decrease of 62.7% compared to SGD 3,507,000 for the same period in 2022[22] - Total revenue for the nine months ending May 31, 2023, was SGD 5,683,000, down 45.3% from SGD 10,357,000 in the same period of 2022[22] - Revenue from food ingredient sales increased from approximately SGD 1,000 to about SGD 46,000, attributed to rising demand for dining and delivery services following the easing of COVID-19 restrictions[44] - Franchise and licensing service revenue decreased from approximately SGD 12,000 to zero, a decline of 100%, due to the impact of COVID-19 on the global economy leading to restaurant closures[45] Cost Management - The company’s financial costs for the three months ended May 31, 2023, were HKD 19,000, a significant decrease from HKD 190,000 in the previous year[5] - Cost of goods sold decreased from approximately SGD 2.7 million to about SGD 1.4 million, a reduction of approximately 48.1%, in line with the decrease in revenue[46] - Employee costs decreased from approximately SGD 3.8 million to about SGD 2.8 million, a decline of approximately 26.3%, due to salary cuts, adjustments in compensation, layoffs, and the closure of six self-operated restaurants[47] - Other expenses decreased from approximately SGD 1.9 million to about SGD 1.2 million, a reduction of approximately 36.8%, consistent with the closure of six self-operated restaurants[49] - Financial costs decreased from approximately SGD 590,000 to about SGD 195,000, a reduction of approximately 66.9%, primarily due to a decrease in other loans and lease liabilities[50] Strategic Initiatives - The company plans to eliminate underperforming restaurants and tighten expenditure controls to improve profitability[14] - The management is seeking investors to ensure sufficient financial support for the company's ongoing operations[15] - The company is preparing to embrace significant opportunities following market recovery[15] - The group plans to expand its restaurant network into other Southeast Asian countries and aims to become a leading restaurant operator in Singapore[41] - The group has secured exclusive franchise rights to open new restaurants under the "Chir Chir," "Masizzim," "Kogane Yama," and "Nipong Naepong" brands in Singapore, indicating a strategic expansion of its brand portfolio[40] - The group aims to enhance its brand image and explore innovative business models with growth potential to capture new market opportunities[41] Financial Support and Liabilities - The company secured a revolving loan of HKD 40,000,000 (approximately SGD 7,119,000) from an independent third party to support its operations[14] - The company has not made any significant investments or acquisitions during the period, aside from investments in subsidiaries[53] - As of May 31, 2023, the company had no significant contingent liabilities or pledged assets[52] Shareholder and Governance Matters - The company agreed to place up to 8,800,000 shares at a price of HKD 0.282 per share on July 12, 2023, through a placement agreement[54] - As of May 31, 2023, major shareholders hold significant stakes, with Canola and associated individuals each owning 3,049,900 shares, representing approximately 6.93% of the total issued shares[61] - The total issued shares as of May 31, 2023, is 44,000,000, indicating that the ownership percentages are calculated based on this figure[64] - The company has not repurchased any of its listed securities during the reporting period, nor have any subsidiaries bought or sold such securities[66] - The company has confirmed compliance with the GEM Listing Rules and has adopted all applicable corporate governance code provisions during the reporting period[71] - The company has disclosed that there are no other entities or individuals with registered interests or short positions in the company's shares as of May 31, 2023[65] - The company has confirmed that all directors have complied with the required trading code during the reporting period[70] - The company has not complied with GEM Listing Rules 5.05(1), 5.05A, and 5.28 following the resignation of an independent non-executive director on June 1, 2023, leaving only two independent non-executive directors[76] - The board will make efforts to appoint suitable candidates to fill the vacancies within three months from June 1, 2023, to ensure compliance with GEM Listing Rules[76] - The current executive directors include the chairman and three other members, while there are two independent non-executive directors[78] - GEM Listing Rule 5.05(1) requires at least three independent non-executive directors on the board[79] - GEM Listing Rule 5.05A mandates that independent non-executive directors must constitute at least one-third of the board[79] - GEM Listing Rule 5.28 requires the audit committee to have a minimum of three members[79]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 K GROUP HOLDINGS LIMITED 千 盛 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8475） 截至二零二三年五月三十一日止九個月之 第三季度業績公告 千盛集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會茲公 佈本集團截至二零二三年五月三十一日止三個月及九個月的未經審核簡明綜合財務業績。 本公告載有本公司二零二二╱二零二三年第三季度報告（「二零二二╱二零二三年第三季 度報告」）全文，符合聯交所GEM證券上市規則（分別指「GEM」及「GEM上市規則」）有關 附載季度業績初步公告的資料的相關規定。二零二二╱二零二三年第三季度報告的印刷 本將於適當的時候按GEM上市規則的規定寄發予本公司股東，並將於聯交所網站www. hkexnews.hk及本公司網站www.kgroup.com.hk可供查閱。 代表 千盛集團控股有 ...

Revenue Performance - Revenue for the three months ended February 28, 2023, was HKD 2,272,000, a decrease of 38.7% compared to HKD 3,719,000 for the same period in 2022[5] - Revenue for the six months ended February 28, 2023, was HKD 4,361,000, down 36.3% from HKD 6,846,000 in the same period last year[5] - Total revenue for the six months ended February 28, 2023, was SGD 4,361,000, a decrease of 36.2% from SGD 6,846,000 in the same period of 2022[26] - Revenue from restaurant operations for the six months ended February 28, 2023, was SGD 4,330,000, down 36.5% from SGD 6,837,000 in the same period of 2022[26] - Revenue from Singapore for the six months ended February 28, 2023, was SGD 4,361,000, a decrease of 36.3% compared to SGD 6,838,000 for the same period in 2022[29] - Revenue from Indonesia for the six months ended February 28, 2023, was SGD 8,000, down from SGD 4,000 in the same period of 2022[29] - Other income for the six months ended February 28, 2023, totaled SGD 139,000, a significant decrease of 84.8% from SGD 912,000 in the same period of 2022[30] - The group's revenue from restaurant operations decreased by approximately 36.8%, generating about 4.3 million SGD compared to 6.8 million SGD in the same period last year[57] Financial Losses - The net loss for the three months ended February 28, 2023, was HKD 168,000, compared to a loss of HKD 119,000 for the same period in 2022[6] - The net loss for the six months ended February 28, 2023, was HKD 878,000, significantly higher than the loss of HKD 58,000 in the same period last year[6] - For the six months ended February 28, 2023, the company reported a loss attributable to equity holders of SGD 792,000, compared to a loss of SGD 20,214,000 for the same period in 2022[17] - The group reported a pre-tax loss of SGD 1,895,000 for the six months ended February 28, 2023, compared to a loss of SGD 2,109,000 in the same period of 2022[35] - The group reported a loss of approximately 878,000 SGD this period, compared to a loss of about 58,000 SGD in the same period last year, primarily due to a decline in demand and new customer numbers[67] Assets and Liabilities - Total assets as of February 28, 2023, amounted to HKD 3,454,000, an increase from HKD 1,307,000 as of August 31, 2022[8] - Current liabilities increased to HKD 12,106,000 as of February 28, 2023, compared to HKD 8,502,000 as of August 31, 2022[8] - Non-current assets totaled HKD 1,811,000 as of February 28, 2023, up from HKD 1,559,000 as of August 31, 2022[8] - The company’s total equity as of February 28, 2023, was HKD (7,347,000), a decline from HKD (6,498,000) as of August 31, 2022[9] - As of February 28, 2023, the company had total liabilities of SGD 7,347,000, indicating significant uncertainty regarding its ability to continue as a going concern[17] - As of February 28, 2023, the group recorded a net current liability of approximately 8.7 million SGD, compared to 7.2 million SGD on August 31, 2022[69] Cash Flow and Financing - The cash flow from operating activities for the six months ended February 28, 2023, was a net outflow of SGD 356,000, compared to a net inflow of SGD 1,917,000 in the previous year[13] - The company has a net cash outflow from financing activities of SGD 779,000 for the six months ended February 28, 2023, compared to SGD 2,143,000 in the same period of 2022[13] - The company’s cash and bank balances decreased to HKD 49,000 as of February 28, 2023, from HKD 108,000 as of August 31, 2022[8] - The cash and cash equivalents decreased to SGD 49,000 as of February 28, 2023, from SGD 185,000 in the previous year[13] - The group has secured a revolving loan financing of HKD 40,000,000 (approximately SGD 7,119,000) from an independent third party[18] - The group plans to use proceeds from a rights issue to potentially acquire a restaurant, with estimated costs ranging from approximately 20 million HKD to 24 million HKD, pending successful subscription of the rights issue[75] Operational Changes and Strategies - The company plans to expand profitable restaurant operations by increasing distribution channels and eliminating underperforming restaurants[18] - The group plans to expand its network into other Southeast Asian countries and aims to become a leading restaurant operator in Singapore[53] - The group has obtained exclusive franchise rights to open new restaurants under the "Chir Chir" and "Masizzim" brands in Singapore[51] - The group plans to continue developing its business by acquiring new franchise brands and opening restaurants outside the central areas of Singapore[53] - The group has identified the need to eliminate underperforming restaurants and implement tighter cost controls to address significant uncertainties regarding its ongoing viability[53] - The group aims to enhance its brand image and explore business opportunities that align with its operational model for future growth[55] Cost Management - Cost of goods sold decreased from approximately 1.8 million SGD in the same period last year to about 1.1 million SGD this period, a reduction of approximately 38.9%[61] - Employee costs decreased from approximately 2.5 million SGD in the same period last year to about 2.1 million SGD this period, a decline of approximately 16.0%[62] - Rental and related expenses increased from approximately 368,000 SGD in the same period last year to about 577,000 SGD this period, an increase of approximately 56.8%[63] - Other expenses decreased from approximately 1.3 million SGD in the same period last year to about 0.9 million SGD this period, a reduction of approximately 30.8%[64] - Financial costs decreased from approximately 400,000 SGD in the same period last year to about 176,000 SGD this period, a decline of approximately 56.0%[65] Shareholder and Governance Information - Canola Investment Holdings Limited holds approximately 33.69% of the shares, with other key shareholders owning 23.17%, 16.85%, 12.64%, and 1.01% respectively[79] - As of February 28, 2023, Canola holds 3,049,900 shares, representing 6.93% of the total issued shares of 44,000,000[83] - The company has not repurchased any of its listed securities during the reporting period[89] - No stock options have been granted or exercised under the stock option plan since its adoption on July 23, 2018[90] - The company has confirmed compliance with the GEM Listing Rules regarding securities trading by all directors during the reporting period[92] - The company has adopted and complied with all applicable corporate governance codes as per GEM Listing Rules Appendix 15 during the period[94] - There were no competitive business interests held by directors or controlling shareholders during the period[95] - The Audit Committee, established on July 23, 2018, consists of three independent non-executive directors and is responsible for reviewing financial reporting and internal control systems[96] - The unaudited condensed consolidated financial statements have been reviewed by the Audit Committee and are deemed to comply with applicable accounting standards and legal requirements[98] - The company expresses gratitude to shareholders, business partners, and customers for their continued support during the period[99] - The executive directors include the chairman and four other members, with three independent non-executive directors[100]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 K GROUP HOLDINGS LIMITED 千 盛 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8475） 截至二零二三年二月二十八日止六個月之 中期業績公告 千盛集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會茲公 佈本集團截至二零二三年二月二十八日止三個月及六個月的未經審核簡明綜合財務業績。 本公告載有本公司二零二二╱二零二三年中期報告（「二零二二╱二零二三年中期報告」） 全文，符合聯交所GEM證券上市規則（分別指「GEM」及「GEM上市規則」）有關附載中期 業績初步公告的資料的相關規定。二零二二╱二零二三年中期報告的印刷本將於適當的 時候按GEM上市規則的規定寄發予本公司股東，並將於聯交所網站www.hkexnews.hk及本 公司網站www.kgroup.com.hk可供查閱。 代表 千盛集團控股有限公司 主席兼執 ...