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 ...

Financial Performance - For the three months ended November 30, 2022, KGroup reported revenue of HKD 2,089,000, a decrease of 33.3% compared to HKD 3,127,000 for the same period last year[5]. - Other income for the same period was HKD 94,000, down 86.4% from HKD 691,000 year-on-year[5]. - The group incurred a loss before tax of HKD 710,000, compared to a profit of HKD 44,000 in the previous year, marking a significant decline[5]. - The net loss attributable to equity holders of the parent for the period was HKD 710,000, compared to a profit of HKD 61,000 in the same period last year[5]. - Basic and diluted loss per share for the period was HKD 1.53, compared to earnings of HKD 0.13 per share in the previous year[5]. - Total comprehensive loss for the period was HKD 697,000, compared to a comprehensive income of HKD 60,000 in the prior year[6]. - The group’s accumulated losses increased to HKD 23,358,000 as of November 30, 2022, from HKD 22,687,000 at the beginning of the period[8]. - The group reported a foreign exchange gain of HKD 13,000 from the translation of overseas operations during the period[6]. Revenue Breakdown - Restaurant operations revenue for the three months ended November 30, 2022, was 2,069 thousand SGD, a decrease of 33.7% from 3,122 thousand SGD in the same period of 2021[17]. - Total revenue for the group for the three months ended November 30, 2022, was 2,089 thousand SGD, down 33.3% from 3,127 thousand SGD in the previous year[17]. - Other income for the three months ended November 30, 2022, was 94 thousand SGD, significantly lower than 691 thousand SGD in the same period of 2021, primarily due to the absence of government support programs[21]. - The group reported a pre-tax loss of 671 thousand SGD for the three months ended November 30, 2022, compared to a profit of 55 thousand SGD in the same period of 2021[29]. - Revenue from restaurant operations decreased by approximately 32.3%, from about 3.1 million SGD in the previous period to about 2.1 million SGD in the current period[37]. - Revenue from the sale of food ingredients increased by approximately 13,000 SGD due to higher food service revenue from Gangnam Kitchen[39]. - The company experienced a 100% decrease in revenue from franchise and patent services, dropping from about 4,000 SGD in the previous period to zero in the current period due to the impact of COVID-19[40]. Operational Insights - The group has a total of 8 self-operated restaurants and 1 central kitchen, focusing on the mid-market segment in Singapore and Indonesia[31]. - The company continues to engage in restaurant operations, food sales, and franchising services as part of its core business activities[13]. - The company opened a total of 8 new restaurants in Singapore under various brands, including "Chir Chir," "Masizzim," "Kogane Yama," "Nipong Naepong," "Kota Zheng Zhong," "The Chir Café and Bar," and "Gangnam Kitchen"[33]. - The management believes the group has competitive advantages such as strong franchise brand selection and strategic restaurant locations to drive future growth[32]. - The company plans to expand its restaurant network to other Southeast Asian countries and aims to become a leading restaurant operator in Singapore[34]. - The company intends to continue developing its business by acquiring new franchise brands and opening restaurants outside central Singapore[34]. Cost Management - Employee costs decreased by approximately 8.3%, from about 1.2 million SGD in the previous period to about 1.1 million SGD in the current period, due to salary cuts and layoffs[43]. - Rental and related expenses increased by approximately 145,000 SGD, from about 183,000 SGD in the previous period to 328,000 SGD in the current period, mainly due to increased office rent[44]. - The group incurred financial costs of 112 thousand SGD for the three months ended November 30, 2022, down from 215 thousand SGD in the same period of 2021[23]. - Financial costs decreased by approximately 47.9%, from about 215,000 SGD in the previous period to about 112,000 SGD in the current period, mainly due to a reduction in lease liabilities[46]. Shareholder Information - As of November 30, 2022, the company has a total of 440,000,000 shares issued, with key stakeholders holding significant shares, including Mr. Ye with 30,499,000 shares, representing approximately 6.93%[52]. - Canola, a related entity, holds 30,499,000 shares, also accounting for approximately 6.93% of the total issued shares[57]. - The company has a diverse shareholder base, with multiple individuals holding 6.93% of the issued shares through joint ownership arrangements[59]. - Mr. Peh holds 40% of Kogane Yama Restaurants Pte. Ltd., while Jaesan Food Holdings owns 40% of K Food Master Holdings Sdn. Bhd.[60]. Governance and Compliance - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15 throughout the period[67]. - The audit committee, established on July 23, 2018, consists of three independent non-executive directors and has reviewed the unaudited condensed consolidated financial statements[70]. - The board of directors has confirmed compliance with the trading rules for securities transactions throughout the period[65]. - There were no competitive business interests held by directors or controlling shareholders during the period that could conflict with the group's business[68]. - The company has not disclosed any new product developments or technological advancements in the current reporting period[58]. - There are no significant changes in the governance structure or additional strategies announced during this reporting period[56]. - The company has not reported any market expansion or acquisition activities in the latest quarter[58]. - No significant events requiring disclosure have occurred from November 30, 2022, to the report date[69]. Future Outlook - Future outlook and performance guidance have not been explicitly stated in the current financial disclosures[58]. - The company has not granted or agreed to grant any share options under the share option scheme since its adoption on July 23, 2018, and there are no unexercised options as of November 30, 2022[63]. - The company has not repurchased any of its listed securities during the reporting period, nor have any subsidiaries engaged in buying or selling such securities[62]. - There were no arrangements made during the period for directors or their associates to benefit from acquiring shares or debentures of the company or any other corporation[64]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support during the period[72].

Financial Performance - For the three months ended May 31, 2022, the group reported revenue of 3,511,000 SGD, a decrease of 10.3% compared to 3,916,000 SGD for the same period in 2021[5] - The group recorded a net loss of 621,000 SGD for the three months ended May 31, 2022, compared to a net loss of 869,000 SGD for the same period in 2021, representing a 28.5% improvement[5] - Total comprehensive loss for the nine months ended May 31, 2022, was 652,000 SGD, compared to 1,490,000 SGD for the same period in 2021, indicating a 56.2% reduction in losses[6] - The group reported a basic and diluted loss per share of 0.14 SGD for the three months ended May 31, 2022, compared to 0.20 SGD for the same period in 2021[5] - The company reported a pre-tax loss of SGD 1,151,000 for the three months ended May 31, 2022, compared to a loss of SGD 1,164,000 in the same period of 2021[30] - The group reported a loss of approximately SGD 679,000, a decrease from approximately SGD 1.51 million in the same period last year[52] Revenue Breakdown - Total revenue for the nine months ended May 31, 2022, was SGD 10,357,000, down 20.4% from SGD 13,023,000 in the same period of 2021[21] - Restaurant operations revenue for the three months ended May 31, 2022, was SGD 3,507,000, a decrease of 10.1% from SGD 3,900,000 in the same period of 2021[21] - Revenue from food sales dropped significantly from approximately SGD 19,000 to SGD 1,000 due to COVID-19 measures implemented by the Singapore government[43] - Revenue from franchising and licensing services decreased by about 73%, from approximately SGD 45,000 to SGD 12,000, primarily due to the impact of COVID-19 on global economies[44] - Other income for the three months ended May 31, 2022, was 104,000 SGD, down from 312,000 SGD in the same period last year, reflecting a 66.7% decrease[5] - Other income for the nine months ended May 31, 2022, was SGD 1,016,000, down 38.8% from SGD 1,661,000 in the same period of 2021[25] Cost Management - The group incurred employee costs of 1,297,000 SGD for the three months ended May 31, 2022, slightly down from 1,317,000 SGD in the previous year[5] - Employee costs decreased from approximately SGD 4.3 million to about SGD 3.8 million, a decrease of approximately 12% year-on-year[47] - The group’s depreciation and amortization expenses for the nine months ended May 31, 2022, were 1,599,000 SGD, a decrease from 4,122,000 SGD in the previous year[5] - Cost of used inventory decreased from approximately SGD 3.6 million to about SGD 2.7 million, a reduction of approximately 25% compared to the same period last year[46] - Other expenses decreased from approximately SGD 2.14 million to about SGD 1.9 million, a reduction of approximately 11.4% compared to the previous year[49] - Financial costs increased from approximately SGD 487,000 to about SGD 590,000, an increase of approximately 21% year-on-year[51] Operational Strategy - The group plans to continue its operations in restaurant management, food sales, and franchising services to ensure sufficient operating funds[12] - The company has engaged financial and legal advisors to organize fundraising activities, including a proposed rights issue[14] - The company plans to expand its restaurant network into other Southeast Asian countries, targeting the middle-income market in Singapore and Indonesia[38] - The management believes that the company has key advantages such as effective brand selection and strategic restaurant locations to achieve future growth[38] - The company aims to replicate its success by expanding its restaurant business in the Greater Bay Area as social distancing measures are relaxed[39] - The company has authorized the "Chir Chir" brand to an Indonesian franchisee to operate restaurants in Indonesia[38] Financial Support and Governance - The company has confirmed that major shareholders will provide ongoing financial support for the next 12 months[13] - The board believes that the company will have sufficient working capital to meet its current needs for at least the next 12 months[14] - Major shareholders include Canola Investment Holdings Limited, holding approximately 6.93% of the issued shares[60] - Major shareholders include Mr. Peh with 40% in Kogane Yama Restaurants and Jaesan Food Holdings, and Mr. Chen with 20% in Kota Bak Kut Teh (SRG)[64] - The audit committee, established on July 23, 2018, consists of three independent non-executive directors and is responsible for overseeing financial reporting and internal controls[74] - The company confirmed compliance with the GEM Listing Rules and corporate governance codes during the reporting period[71] Miscellaneous - The group’s total liabilities exceeded total assets, indicating a significant uncertainty regarding the group's ability to continue as a going concern[12] - The company has no dividends declared or proposed for the current period, consistent with the previous year[33] - No significant contingent liabilities or mortgaged assets were reported as of May 31, 2022[53] - No major investments or acquisitions were made during the period, aside from investments in subsidiaries[54] - No share buybacks or securities purchases were conducted during the reporting period[66] - The company has not granted or agreed to grant any share options under the share option scheme since its adoption on July 23, 2018[67] - No significant events occurred after the reporting period[73] - The company expressed gratitude to shareholders, business partners, and employees for their continued support and efforts during the period[77]

Revenue Performance - Revenue for the three months ended February 28, 2022, was HKD 3,719,000, a decrease of 20% compared to HKD 4,644,000 for the same period in 2021[5] - Revenue for the six months ended February 28, 2022, was HKD 6,846,000, down 25% from HKD 9,107,000 in the previous year[5] - Restaurant operations generated revenue of SGD 6,837,000 for the six months ended February 28, 2022, down from SGD 9,059,000 in the same period last year, reflecting a decline of approximately 24%[26] - Revenue from Singapore decreased by 19.7% to 3,715 thousand SGD for the three months ended February 28, 2022, compared to 4,629 thousand SGD in the same period of 2021[28] - Revenue from Indonesia dropped by 73.3% to 4 thousand SGD for the three months ended February 28, 2022, down from 15 thousand SGD in the same period of 2021[28] - Revenue from food sales decreased from approximately SGD 18,000 in the same period last year to about SGD 1,000 this period, a decline attributed to COVID-19 measures[58] - Revenue from franchising and licensing services fell from approximately SGD 30,000 to about SGD 8,000, a decrease of approximately 73.3% due to the impact of COVID-19 on restaurant operations[59] Financial Performance - The net loss for the three months ended February 28, 2022, was HKD 119,000, compared to a net loss of HKD 411,000 for the same period in 2021[5] - The net loss for the six months ended February 28, 2022, was HKD 58,000, a significant improvement from a net loss of HKD 638,000 in the previous year[5] - For the six months ended February 28, 2022, the company reported a loss attributable to equity holders of SGD 85,000, increasing from a loss of SGD 644,000 in the same period of the previous year[17] - The group reported a pre-tax loss of 140 thousand SGD for the three months ended February 28, 2022, compared to a loss of 428 thousand SGD in the same period of 2021[39] - The group reported a loss of approximately SGD 58,000 this period, a decrease from a loss of approximately SGD 638,000 in the same period last year[67] Assets and Liabilities - Total assets as of February 28, 2022, were HKD 1,778,000, a decrease from HKD 1,938,000 as of August 31, 2021[8] - Non-current assets decreased to HKD 3,604,000 from HKD 5,370,000 year-on-year[8] - Current liabilities totaled HKD 7,488,000, down from HKD 8,416,000 in the previous year[8] - The total equity as of February 28, 2022, was SGD (3,954,000), compared to SGD 3,027,000 as of September 1, 2021, indicating a significant decline[17] - Trade payables as of February 28, 2022, totaled 965,000 SGD, an increase from 861,000 SGD as of August 31, 2021[45] Cash Flow - Cash generated from operating activities for the six months ended February 28, 2022, was SGD 1,917,000, slightly up from SGD 1,906,000 in the previous year[13] - The company experienced a net cash outflow from investing activities of SGD 33,000, a significant improvement from a cash outflow of SGD 143,000 in the prior year[13] - The net cash used in financing activities was SGD (2,143,000), compared to SGD (2,212,000) in the previous year, indicating a reduction in financing outflows[13] - The company’s cash and cash equivalents decreased to SGD 185,000 as of February 28, 2022, from SGD 962,000 at the end of the previous year[13] - The company’s cash and bank balances decreased to HKD 185,000 from HKD 379,000 year-on-year[8] Operational Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[5] - The company is focusing on cost control measures to better manage operating cash flow[23] - The group aims to enhance its brand image and identify target companies with growth potential or synergistic business models[53] - The group plans to expand its restaurant network into other Southeast Asian countries and acquire dining businesses in the Greater Bay Area[53] - The group has implemented cost control measures, including salary reductions and operational expenditure tightening, in response to the financial impact of COVID-19[52] Shareholder Information - As of February 28, 2022, Mr. Ye holds 30,499,000 shares, representing approximately 6.93% of the company's issued shares[78] - Canola Investment Holdings Limited, a major shareholder, holds 30,499,000 shares, also accounting for 6.93% of the issued shares[83] - The total number of issued shares is 440,000,000[79] - Other shareholders, including Ong Hui Hui and Teo Yan Qi Sharon, each hold 30,499,000 shares, equivalent to 6.93%[83] - The major shareholders have established a concert party agreement, confirming their collaborative actions since October 1, 2015[79] Corporate Governance - The company has adopted a stock option plan since July 23, 2018, but has not granted or agreed to grant any stock options as of the report date[88] - The company has adhered to all applicable provisions of the corporate governance code as per the GEM Listing Rules during the period[92] - The audit committee has reviewed the unaudited condensed consolidated financial statements and believes they have been prepared in accordance with applicable accounting standards and legal requirements[97] - The audit committee, established on July 23, 2018, consists of three independent non-executive directors and is responsible for reviewing the financial reporting process and internal control systems[95] Miscellaneous - The group did not declare or propose any dividends for the current period, consistent with the previous year[37] - The group has no significant contingent liabilities or pledged assets as of February 28, 2022[76] - The company has not engaged in any purchases or sales of its listed securities during the reporting period[87] - The report was issued on April 14, 2022, with the executive directors listed, including the chairman and financial director[99]