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].

年 報 2021 / 2022 KGROUP HOLDINGS LIMITED 千盛集團控股有限公司 股份代號：8475 (於開曼群島註冊成立的有限公司) ANNUAL REPORT 2021 / 2022 KGROUP HOLDINGS LIMITED Stock Code : 8475 (Incorporated in the Cayman Islands with limited liability) 千盛集團控股有限公司 KGROUP HOLDINGS LIMITED 千盛集團控股有限公司 ANNUAL REPORT 2021 / 2022 年 報 香港聯合交易所有限公司GEM（分別指「聯交所」及「GEM」）之特色 GEM的定位乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。 有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市的公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場 波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報 ...

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]

KGROUP HOLDINGS LIMITED ࡰⰈ䯳ᣔ㗎ᰶ䭽ڙथ 股份代號 : 8475 （於開曼群島註冊成立的有限公司） 第一季度業績報告 2021/2022 香港聯合交易所有限公司GEM（分別指「聯交所」及「GEM」）之特色 GEM的定位乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高 投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投 資決定。 由於GEM上市的公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較 大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 本報告的資料乃遵照《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關千盛集團控股有限 公司（「本公司」及連同其附屬公司統稱為「本集團」）的資料；本公司董事（「董事」）願就本報告的資料共 同及個別地承擔全部責任。各董事在作出一切合理 ...

Financial Performance - The group's revenue for the fiscal year ending August 31, 2021, was approximately SGD 15.4 million, an increase of about 3.4% compared to SGD 14.9 million for the previous year[11] - The group recorded a loss of approximately SGD 6.9 million for the fiscal year, an improvement from a loss of SGD 8.0 million in the previous year[11] - The loss for the year was primarily due to the adverse impact of COVID-19 on the restaurant industry, leading to impairment losses on property, plant and equipment, intangible assets, and restaurant rights[11] - Revenue from food sales decreased significantly by approximately 82.7%, from 104,000 SGD in 2020 to 18,000 SGD in 2021, primarily due to COVID-19 measures[29] - Franchise and licensing income fell by about 70.4%, from 54,000 SGD in 2020 to 16,000 SGD in 2021, also impacted by the pandemic[31] - The group recorded a loss of approximately SGD 6.9 million this year, down from a loss of approximately SGD 8.0 million in 2020, primarily due to increased revenue from new restaurant openings and reduced employee costs[46] - The company reported a loss of SGD 6,929,000 for the fiscal year ending August 31, 2021, with net liabilities of SGD 3,895,000 and current liabilities of SGD 6,478,000[149] Operational Overview - The group operates 15 self-owned restaurants and one central kitchen, including three "Chir Chir" restaurants in Singapore specializing in Korean fried chicken[19] - The group plans to expand its network to other Southeast Asian countries and aims to become Singapore's leading restaurant operator[15] - The group has authorized the "Chir Chir" brand to an Indonesian franchisee to operate restaurants in Indonesia[20] - The group intends to develop new franchise brands and open existing brand restaurants outside central Singapore[21] - The group emphasizes its commitment to food quality, hygiene, and dining experience as key competitive advantages[21] - The group has maintained its restaurant operations despite COVID-19 restrictions, focusing on takeout and delivery services[12] - The group received government subsidies and rent rebates during the heightened alert period to mitigate the impact of COVID-19[12] Financial Position - As of August 31, 2021, the current ratio was 0.2, down from 0.3 in 2020, indicating a decline in liquidity[47] - The debt-to-equity ratio was -18.9% as of August 31, 2021, compared to 27.8% in 2020, reflecting a shift to negative equity due to losses incurred this year[47] - Total borrowings were approximately SGD 643,000 as of August 31, 2021, down from SGD 749,000 in 2020, with interest rates ranging from 3.50% to 30%[47] - The net current liabilities amounted to approximately SGD 6.5 million, compared to SGD 6.0 million in 2020, indicating a slight increase in short-term financial obligations[49] - The net debt was approximately SGD 3.9 million, up from a net asset value of approximately SGD 3.0 million in 2020, primarily due to impairment losses recognized this year[49] Management and Governance - The company has been actively involved in the governance and compliance aspects of its operations, as evidenced by the roles of its independent directors and company secretary[96] - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, and the board believes it has complied with all applicable code provisions during the year[104] - The company has confirmed that all directors complied with the trading requirements set out in GEM Listing Rules during the year[105] - The company is committed to enhancing shareholder value through good corporate governance practices[103] - The board consists of seven directors, including three executive directors and two independent non-executive directors, ensuring a balanced composition for effective independent judgment[110] - The company has established a board committee to delegate certain responsibilities, ensuring effective oversight of business management and performance[106] - The company has taken out appropriate insurance for directors to cover any liabilities arising from their duties[117] Risk Management - The board has established policies and procedures for risk management and internal control, which are designed to minimize risks associated with business operations[154] - The board reviews the effectiveness of the risk management and internal control systems annually, confirming their completeness and effectiveness[155] - The company has engaged external independent consultants to review its internal control systems, providing recommendations for improvement[154] Shareholder Matters - The company has decided not to declare a final dividend for the year, consistent with the previous year where no dividend was declared[173] - The company has adopted a dividend policy that allows for the declaration and payment of dividends based on various factors, including financial performance and future growth plans[179] - The company has no distributable reserves available for dividend payments as of August 31, 2021, including share premium and accumulated losses[188] Personnel Changes - 周君奇先生于2021年4月9日被任命为独立非执行董事，并于2021年6月24日调任为执行董事及董事会主席[64] - 何智毅先生为集团的共同创办人、执行董事兼行政总裁，自2018年1月24日起担任董事[65] - 葉偉漢先生于2018年1月24日被任命为董事，并于2018年2月10日调任为执行董事，负责监督集团的财务事宜[69] - 黃佩琪女士于2021年5月6日被任命为执行董事，负责监督集团的管理[72] - 劉俊杰先生于2021年6月24日被任命为非执行董事及董事会副主席，负责提供管理及战略发展意见[74] - 王競強先生于2021年5月6日被任命为独立非执行董事，担任审计委员会及薪酬委员会的主席[78] - 羅頌霖先生于2018年7月23日被任命为独立非执行董事，担任提名委员会主席[80]

Revenue Performance - For the three months ended May 31, 2021, the revenue was 3,916 thousand SGD, an increase of 50.3% compared to 2,604 thousand SGD for the same period in 2020[5]. - For the nine months ended May 31, 2021, the revenue reached 13,023 thousand SGD, up 10.3% from 11,802 thousand SGD in the previous year[5]. - Restaurant operations revenue for the three months ended May 31, 2021, was SGD 3,900,000, a 54.0% increase from SGD 2,534,000 in the same period of 2020[18]. - Total revenue for the nine months ended May 31, 2021, reached SGD 13,023,000, up 10.3% from SGD 11,802,000 in the previous year[18]. - Revenue from Singapore for the nine months ended May 31, 2021, was SGD 12,978,000, a 12.8% increase from SGD 11,508,000 in 2020[21]. - Revenue from restaurant operations for the current period was approximately SGD 13,000,000, an increase of about 14.0% from SGD 11,400,000 in the same period last year[36]. Net Loss and Financial Performance - The net loss for the three months ended May 31, 2021, was 869 thousand SGD, compared to a net loss of 803 thousand SGD for the same period in 2020, representing an increase in loss of 8.2%[5]. - The net loss for the nine months ended May 31, 2021, was 1,507 thousand SGD, a decrease in loss of 36.5% compared to 2,375 thousand SGD for the same period in 2020[5]. - The company reported a basic and diluted loss per share of 0.20 SGD for the three months ended May 31, 2021, compared to 0.17 SGD for the same period in 2020[5]. - The group reported a loss of approximately SGD 1,507,000, a decrease from approximately SGD 2,375,000 in the same period last year, mainly due to increased other income from government subsidies[46]. - The group’s basic and diluted loss per share for the nine months ended May 31, 2021, was SGD 1,530,000, compared to SGD 2,277,000 for the same period in 2020, reflecting a 32.7% improvement in loss[30]. Employee Costs - The company incurred employee costs of 1,317 thousand SGD for the three months ended May 31, 2021, an increase of 34.8% from 977 thousand SGD in the same period of 2020[5]. - The group incurred employee costs of SGD 1,164,000 for the three months ended May 31, 2021, compared to SGD 791,000 in the same period last year, marking a 47.2% increase[30]. - Employee costs rose from approximately SGD 4,100,000 to about SGD 4,300,000, an increase of approximately 4.9%, primarily due to the opening of one new restaurant and full operations of two previously opened restaurants[41]. Government Subsidies - Government subsidies received amounted to SGD 233,000 for the three months and SGD 965,000 for the nine months ended May 31, 2021, compared to SGD 190,000 and SGD 204,000 respectively in 2020[22]. Operational Changes and Future Plans - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming quarters[5]. - The group plans to continue developing its business by acquiring new franchise brands and opening restaurants outside central Singapore[34]. - The group has a total of 15 self-operated restaurants and 1 central kitchen as of the report date, with plans to expand into other Southeast Asian countries[32][34]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[72]. Cost Management - Cost of goods sold increased from approximately SGD 3,200,000 to about SGD 3,600,000, an increase of approximately 12.5%, consistent with revenue changes[40]. - Rental and related expenses increased from approximately SGD 517,000 to about SGD 625,000, an increase of approximately 20.9%, attributed to the opening of one new restaurant and full operations of two previously opened restaurants[42]. - Other expenses rose from approximately SGD 2,060,000 to about SGD 2,140,000, an increase of approximately 4.4%, mainly due to the operational costs of new restaurants[44]. - Financial costs increased from approximately SGD 407,000 to about SGD 487,000, an increase of approximately 19.7%, primarily due to interest on lease liabilities related to new restaurant openings[45]. Shareholder Information - The board and senior management held approximately 6.93% of the company's shares, with each of the two individuals holding 30,499,000 shares[50]. - Canola holds 30,499,000 shares, representing approximately 6.93% of the total issued shares as of May 31, 2021[55]. - Peh holds 80,400 shares in Kogane Yama Restaurants, representing 40% equity[56]. - Jaesan Food Holdings owns 200,000 shares in K Food Master Holdings, also representing 40% equity[56]. - The group has no dividends declared or proposed for the current period, consistent with the previous year[29]. Compliance and Governance - The company has complied with the GEM Listing Rules regarding securities trading by directors[62]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the financial statements and found them compliant with applicable accounting standards[70]. - The company has not established any arrangements for directors or their associates to benefit from acquiring shares or debentures of the company[61]. - The company has not disclosed any interests in competitive businesses by directors or controlling shareholders during the compliance period[65]. Market and User Data - In Q3 2021, the company reported a revenue of HKD 1.5 billion, representing a year-over-year increase of 15%[72]. - User data showed an increase in active users by 20% compared to the previous quarter, reaching 2 million active users[72]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[72]. Research and Development - Investment in R&D increased by 25% year-over-year, focusing on innovative technologies and product enhancements[72]. Strategic Acquisitions - A strategic acquisition was announced, with the company acquiring a tech startup for HKD 200 million to enhance its product offerings[72].

Financial Performance - Revenue for the six months ended February 28, 2021, was HKD 9,107,000, a decrease of 1% compared to HKD 9,198,000 for the same period in 2020[5] - The group reported a net loss of HKD 638,000 for the six months ended February 28, 2021, compared to a net loss of HKD 1,572,000 for the same period in 2020, representing a 59% improvement[5] - The group reported a total comprehensive loss of HKD 642,000 for the six months ended February 28, 2021, compared to HKD 1,574,000 for the same period in 2020, showing a significant reduction in losses[6] - The company incurred a total comprehensive loss of SGD 646,000 for the six months ended February 28, 2021, compared to a total comprehensive loss of SGD 1,574,000 for the same period in 2020, showing an improvement of 59%[14] Assets and Liabilities - Total assets as of February 28, 2021, were HKD 13,909,000, down from HKD 15,796,000 as of August 31, 2020[9] - The total equity attributable to the owners of the parent company decreased to HKD 3,075,000 from HKD 3,721,000 as of August 31, 2020[9] - The group’s non-current assets totaled HKD 16,760,000 as of February 28, 2021, slightly down from HKD 16,883,000 as of August 31, 2020[8] - The group's current liabilities net amount was approximately SGD 5.5 million as of February 28, 2021, compared to SGD 6.0 million on August 31, 2020[63] Cash Flow - For the six months ended February 28, 2021, the company reported a net cash inflow from operating activities of SGD 1,906,000, an increase from SGD 1,384,000 in the same period of 2020, representing a growth of 37.6%[14] - The company reported a net cash outflow from investing activities of SGD 143,000 for the six months ended February 28, 2021, a significant improvement compared to SGD 1,646,000 in the same period of 2020[14] - The company’s financing activities resulted in a net cash outflow of SGD 2,212,000 for the six months ended February 28, 2021, contrasting with a net cash inflow of SGD 575,000 in the same period of 2020[14] Revenue Breakdown - The company's restaurant operations generated revenue of SGD 9,059,000 for the six months ended February 28, 2021, up from SGD 8,850,000 in the previous year, reflecting a growth of 2.4%[25] - Revenue from external customers for the three months ended February 28, 2021, was 4,644 thousand SGD, an increase of 6.6% compared to 4,356 thousand SGD for the same period in 2020[27] - Revenue from food sales decreased significantly from approximately 222,000 SGD in the previous year to about 18,000 SGD in the current period, attributed to COVID-19 measures[52] - Revenue from franchise and patent services dropped by approximately 76.2%, from about 126,000 SGD to around 30,000 SGD, due to the impact of COVID-19 on global economies[54] Expenses - Employee costs for the six months ended February 28, 2021, were HKD 2,967,000, a decrease of 5% from HKD 3,128,000 in the same period of 2020[5] - The cost of used inventory increased from approximately SGD 2.3 million in the same period last year to about SGD 2.5 million this period, representing an increase of approximately 8.7%[55] - Rental and related expenses rose from approximately SGD 358,000 in the same period last year to about SGD 426,000 this period, an increase of approximately 19.0%[57] - Other expenses decreased from approximately SGD 1.5 million in the same period last year to about SGD 1.4 million this period, a reduction of approximately 6.7%[59] Shareholder Information - The total number of issued shares is 440,000,000[81] - As of February 28, 2021, Canola holds 216,990,000 shares, representing approximately 49.32% of the company's issued shares[80] - The major shareholders, including Mr. Lai Wei Jie, Mr. Ye, Mr. He, Mr. Chen, and Mr. Wu, collectively hold 49.32% of the shares through Canola[79] - The company has not repurchased any of its listed securities during the reporting period[83] Corporate Governance - The company has adopted and complied with all applicable code provisions of the corporate governance code during the period[87] - All directors have confirmed compliance with the trading code of conduct throughout the period, as per special inquiries made by the company[86] - The audit committee, established on July 23, 2018, consists of three independent non-executive directors and is responsible for reviewing the group's financial reporting procedures and internal control systems[94] Business Operations - The group operates a total of 15 self-operated restaurants and 1 central kitchen[45] - The group plans to expand its network into other Southeast Asian countries and aims to become a leading restaurant operator in Singapore[49] - The group has opened three restaurants under the "Chir Chir" brand and two under the "Masizzim" brand in Singapore[45] - The group has temporarily suspended operations of the "Sora Boru" restaurant due to declining performance[47]

Financial Performance - The group's revenue for the three months ended November 30, 2020, was HKD 4,463,000, a decrease of 7.8% compared to HKD 4,842,000 for the same period last year[4]. - Other income increased significantly to HKD 622,000 from HKD 14,000 in the previous year, marking a growth of 4,343%[4]. - The group reported a pre-tax loss of HKD 227,000, an improvement of 52.4% compared to a loss of HKD 475,000 in the same period last year[4]. - The basic and diluted loss per share for the period was HKD 0.05, down from HKD 0.12 in the previous year[4]. - Total comprehensive loss for the period was HKD 233,000, compared to HKD 474,000 for the same period last year, reflecting a reduction of 50.9%[5]. - The group incurred employee costs of HKD 1,417,000, a decrease of 7.5% from HKD 1,532,000 in the previous year[4]. - Depreciation and amortization expenses rose to HKD 1,383,000, an increase of 6.6% compared to HKD 1,297,000 in the previous year[4]. - The group’s marketing and advertising expenses decreased to HKD 78,000 from HKD 130,000, a reduction of 40%[4]. Revenue Breakdown - Restaurant operations revenue for the three months ended November 30, 2020, was SGD 4,440,000, a decrease of 4.2% from SGD 4,635,000 in the same period of 2019[16]. - Total revenue for the group for the three months ended November 30, 2020, was SGD 4,463,000, down 7.8% from SGD 4,842,000 in the previous year[16]. - Government grants received during the period amounted to SGD 279,000, significantly up from SGD 14,000 in the same period last year, reflecting support measures during the COVID-19 pandemic[21]. - The group reported a pre-tax loss of SGD 216,000 for the three months ended November 30, 2020, compared to a loss of SGD 484,000 in the same period of 2019[28]. - Revenue from restaurant operations decreased by approximately 4.4% to about SGD 4.4 million compared to SGD 4.6 million in the same period last year, primarily due to the impact of COVID-19[34]. - Revenue from food sales dropped significantly from approximately SGD 144,000 to about SGD 8,000, attributed to government measures against COVID-19[36]. - Revenue from franchise and licensing services decreased by approximately 76.2%, from SGD 63,000 to SGD 15,000, due to the pandemic's impact on global economies[37]. Operational Changes - The group ceased restaurant operations in Malaysia in March 2020, and certain franchise operations in Singapore were terminated in January 2020[18]. - The group continues to focus on restaurant operations and franchise development in Singapore and Indonesia, aiming for market expansion[9]. - The group plans to expand its restaurant network in Southeast Asia and aims to become a leading restaurant operator in Singapore[32]. - The group has strategically positioned its restaurants in convenient locations and maintains a strong focus on food quality and customer experience[32]. - The company did not make any significant investments or acquisitions during the period, aside from investments in subsidiaries[46]. Shareholder Information - As of November 30, 2020, the company had a total of 440,000,000 shares issued[50]. - Canola, a major shareholder, holds 216,990,000 shares, representing approximately 49.32% of the company's issued shares[52]. - The board members collectively hold significant interests in the company, with each having a stake of 49.32% through controlled entities[48]. - Ong Hui Hui and Teo Yan Qi Sharon, both spouses of board members, also hold 49.32% interests in the company[52]. - The company has a governance structure where major shareholders have agreed to act in concert since October 1, 2015[54]. - The company’s governance and ownership structure indicates a high concentration of control among a few individuals[54]. Compliance and Governance - The company has complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[60]. - The audit committee has reviewed the unaudited consolidated financial statements and believes they have been prepared in accordance with applicable accounting standards[66]. - The company has made no arrangements for directors or their associates to benefit from acquiring shares or debentures of the company[58]. - There are no competitive business interests held by directors or controlling shareholders that conflict with the company's business[62]. - The company has appointed a compliance advisor, which has no interests in the company's securities as of the reporting date[63]. - The board of directors includes both executive and independent non-executive members, ensuring governance compliance[68]. Market Conditions - The Singapore government has made progress in reopening the economy, allowing gatherings of up to 8 people[64]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[67]. Future Outlook - The company’s financial performance metrics and future outlook were not detailed in the provided documents[46]. - No significant changes in user data or performance guidance were reported in the earnings call[46]. - The company has not disclosed any new product developments or market expansion strategies in the current report[46]. - The company has not repurchased any of its listed securities during the reporting period[56]. - No stock options have been granted or agreed to be granted under the stock option plan since its adoption date[57].

Financial Performance - The group's revenue for the year was approximately SGD 14.9 million, a decrease of about 5.0% compared to SGD 15.7 million for the previous period[9] - The group recorded a loss of approximately SGD 8.0 million for the year, compared to a loss of SGD 3.5 million in the previous period, primarily due to the adverse impact of COVID-19 on the restaurant industry[9] - Revenue for the year ending August 31, 2020, was SGD 14,916,000, a decrease of 5.0% from SGD 15,705,000 in the previous year[26] - Restaurant operations accounted for 98.9% of total revenue, generating SGD 14,758,000, while sales of food ingredients and franchise services contributed 0.7% and 0.4% respectively[25] - Revenue from food and ingredient sales dropped significantly from approximately SGD 421,000 in 2019 to SGD 104,000 in the current year, a decrease of about 75.3% due to COVID-19 lockdown measures[33] - Patent income fell from approximately SGD 232,000 in 2019 to SGD 54,000 in the current year, a reduction of about 76.7%, primarily due to the impact of COVID-19 on the global economy[35] - Gross profit decreased from approximately SGD 11.1 million in 2019 to SGD 10.6 million in the current year, while the gross profit margin remained stable at around 70.8% to 71.2%[37] - The group recorded a loss of approximately 8.0 million SGD for the current year, compared to a loss of 3.5 million SGD in 2019[49] Operational Changes - The group operates a total of 15 self-operated restaurants across multiple brands, including three "Chir Chir" restaurants in Singapore specializing in Korean fried chicken[11] - The group terminated its self-operated restaurant operations in Malaysia due to the negative impact of COVID-19 and related restrictions[10] - The group has licensed the "Chir Chir" brand to an Indonesian operator for three restaurants, further expanding its brand presence[21] - The group has opened two new "Kogane Yama" restaurants and two "Masizzim" restaurants in Singapore during the reporting period[19] - The group plans to continue developing its business by acquiring new franchise brands and opening existing brand restaurants outside central Singapore[22] - The company has developed two new brands, "Sora Sushi" and "Sora Boru," to fill market gaps in the dining sector[73] COVID-19 Impact - The group continues to monitor the situation regarding COVID-19 and will take appropriate actions as necessary[11] - The group’s operational decline was exacerbated by government-imposed restrictions during the pandemic, affecting business costs and operational efficiency[10] - The group has faced significant impacts on its operations and the global economy due to measures taken to mitigate the spread of COVID-19[11] - The group’s restaurants in Singapore resumed operations on June 19, 2020, under strict COVID-19 safety measures, allowing dining for groups of five or fewer[10] Financial Position - As of August 31, 2020, the group had a net current liability of approximately 6.0 million SGD, compared to a net current asset of 2.2 million SGD in 2019[51] - The current ratio as of August 31, 2020, was 0.3, down from 1.5 in 2019, while the debt-to-equity ratio increased to 27.8% from 12.5%[52] - The total borrowings as of August 31, 2020, were approximately 749,000 SGD, down from 1,035,000 SGD in 2019[52] Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with all applicable provisions during the fiscal year[121] - The board consists of eight members, with independent non-executive directors accounting for more than one-third of the board, meeting GEM Listing Rules requirements[128] - The company emphasizes the importance of good corporate governance in its management structure, internal controls, and risk management processes[121] - The company has a balanced composition of executive and non-executive directors, promoting high independence and effective judgment[127] - The company has confirmed that all directors complied with the trading standards set forth in GEM Listing Rules during the fiscal year[122] Shareholder Engagement - The company has a clear communication policy to ensure shareholders receive timely information regarding the company’s affairs[184] - The company has established procedures for shareholders to submit inquiries and concerns to the board of directors[183] - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting to propose resolutions[179] Future Plans - The group aims to target the middle-class market in Singapore and Indonesia with its multi-brand casual dining concept[10] - The group plans to expand its restaurant network beyond Singapore into other Southeast Asian countries, aiming to become a leading restaurant operator in Singapore[22] - The company will actively seek potential business opportunities to broaden revenue sources and enhance shareholder value[22] Expenses and Costs - Employee costs remained consistent at approximately SGD 5.7 million for both the current year and 2019[40] - Depreciation and amortization increased from approximately SGD 1.1 million in 2019 to approximately SGD 5.5 million in the current year, an increase of about SGD 4.4 million due to new restaurant openings and the adoption of new accounting standards[42] - Rental and related expenses decreased from approximately 4.1 million SGD in 2019 to about 0.8 million SGD in the current year, a reduction of approximately 80.5% due to the adoption of the new accounting standard HKFRS 16 Leases[44] - Other expenses rose from approximately 2.8 million SGD in 2019 to about 3.1 million SGD in the current year, an increase of approximately 3.1%[47] Use of Proceeds - The net proceeds from the share sale amounted to approximately HKD 38.7 million (equivalent to about SGD 6.5 million), exceeding the estimated amount in the prospectus[63] - 58.1% of the net proceeds, or approximately HKD 22.5 million (about SGD 3.8 million), will be used to open new restaurants in Singapore, including two under the "NY Night Market" brand[63] - 6.5% of the net proceeds, or approximately HKD 2.5 million (about SGD 0.4 million), will be allocated for acquiring foreign restaurant brand franchises[63] - The company plans to enhance its marketing efforts with 6.5% of the net proceeds, amounting to approximately HKD 2.5 million (about SGD 0.4 million)[63] - 13.7% of the net proceeds, or approximately HKD 5.3 million (about SGD 0.9 million), will be used to partially repay outstanding bank loans[63] Board and Management - Mr. Wu has been the Group's Chief Financial Officer since March 2017, previously holding various positions in the insurance sector[92] - Mr. Lai has been the Group's Chief Operating Officer since November 2014, overseeing operational matters[105] - The company has engaged new R&D and operational management personnel to improve overall business efficiency[74] - The company has appointed a new company secretary effective October 9, 2020, following the resignation of the previous secretary[173]