Financial Performance - The group reported a significant revenue growth of RM 216.8 million, an increase of 33.7% compared to the previous year[7] - The after-tax net profit decreased to RM 12.5 million, down 31.3% from RM 18.2 million last year, primarily due to one-time impairment losses on trade receivables and provisions for slow-moving inventory[7] - Total group revenue for the fiscal year was approximately MYR 216.8 million, an increase of 33.7% from MYR 162.2 million in the previous year[16] - Gross profit for the fiscal year was approximately MYR 54.8 million, an increase of 32.4% from MYR 41.4 million in the previous year[19] - The group's profit for the fiscal year was approximately MYR 12.5 million, a decrease of 31.3% from MYR 18.2 million in the previous year[24] - The net other income for the fiscal year was approximately MYR 1.1 million, a decrease of 50% from MYR 2.2 million in the previous year[22] - Administrative expenses increased significantly to MYR 36.0 million, a rise of 54.5% from MYR 23.3 million in the previous year[23] Revenue Breakdown - The production department's revenue for the fiscal year was approximately MYR 96.1 million, a decrease of about 14.3% compared to MYR 112.1 million in the previous year[12] - Revenue from elastic textiles, webbing, and other products accounted for approximately 30.4%, 45.5%, and 24.1% of the production department's total revenue, respectively[12] - The energy efficiency department's revenue increased significantly to approximately MYR 120.5 million, a rise of 142% from MYR 49.8 million in the previous year[15] Operational Strategies - The company is focusing on mitigating risks and ensuring sustainable business development by closely engaging with major clients and monitoring supply chain risks[7] - The company is implementing automation and improved processes to enhance efficiency and increase production capacity in response to changing customer demands[8] - The energy efficiency segment aims to leverage engineering expertise to provide efficient solutions, which will drive future growth[8] - The company continues to explore opportunities to utilize existing technology and knowledge to produce new products[8] Risk Management - The company has identified key risks, including supply chain disruptions and regulatory changes, which may impact future performance[88] - The company faces significant risks related to global economic conditions and geopolitical tensions, particularly due to the ongoing Russia-Ukraine crisis, which has disrupted supply chains and increased costs for raw materials, energy, and transportation[115] - The company faces various risks including operational, market, liquidity, credit, and regulatory risks, and has implemented a risk management policy to address these[114] Corporate Governance - The board emphasizes the importance of good corporate governance for effective accountability and has complied with the corporate governance code during the fiscal year[166] - The company has established an audit committee to oversee financial reporting and risk management, consisting of three independent non-executive directors[151] - The board consists of both executive and non-executive directors, ensuring a balance of expertise and independent judgment[172] - The company has adopted strict trading standards for directors to ensure compliance with securities trading regulations[171] Leadership and Management - The company appointed Datuk Lua as an executive director in November 2013, overseeing strategic planning and business development[61] - Kang Boon Lian joined the company in July 2023, responsible for managing the energy efficiency department[63] - Andrew Chan Lim-Fai was appointed in March 2024 to oversee the company's operational management[66] - The management team includes experienced professionals with backgrounds in finance, engineering, and business development[64][66][70] Employee and Shareholder Information - The group reported employee costs of approximately MYR 49.7 million for the fiscal year, up from MYR 33.7 million in 2022[43] - As of December 31, 2023, the total equity attributable to the owners of the company was approximately MYR 138.4 million, compared to MYR 124.7 million in the previous year[26] - As of December 31, 2023, the company's distributable reserves amounted to RM 85.0 million, a decrease from RM 92.1 million in 2022[100] - The company's five largest customers accounted for approximately 41.3% of total revenue, with the largest customer contributing about 17.5%[111] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of BB% driven by new product launches and market expansion strategies[86] - New product development initiatives are underway, with an investment of $CC million allocated for R&D in innovative textile solutions[90] - The company is exploring market expansion opportunities in Southeast Asia, targeting a market share increase of DD% within the next two years[90] Environmental and Social Responsibility - The company has established an environmental policy to guide daily operations towards higher environmental standards[112] - The company aims to create value for stakeholders through sustainable growth and has established core values to guide employee conduct and business activities[167] Shareholder Agreements and Compliance - The controlling shareholder has committed to non-competition agreements, ensuring no competition with the company in Malaysia, Vietnam, or other operational jurisdictions[135] - The company has not engaged in any transactions with sanctioned countries or individuals during the fiscal year, mitigating risks associated with international sanctions[139] - The board has confirmed that there are no conflicts of interest involving directors or controlling shareholders in relation to the company's business[138]

Financial Performance - The company reported total revenue of 216,830 thousand HKD for the fiscal year ending December 31, 2023, an increase of 33.7% compared to 162,155 thousand HKD in the previous year[5]. - Gross profit for the fiscal year was 54,784 thousand HKD, representing a gross margin of 25.3%, up from 25.5% in the previous year[5]. - Net profit attributable to shareholders was 12,456 thousand HKD, a decrease of 31.5% from 18,167 thousand HKD in the prior year[5]. - The company recorded other income of 1,069 thousand HKD, down from 2,186 thousand HKD year-over-year[5]. - Administrative expenses increased to 35,964 thousand HKD, compared to 23,273 thousand HKD in the previous year, reflecting a rise of 54.5%[5]. - Earnings per share decreased to 2.07 cents from 3.16 cents, indicating a decline of 34.6% year-over-year[5]. - Total comprehensive income attributable to shareholders was 13,629 thousand HKD, down from 20,002 thousand HKD in the previous year[5]. - Operating profit before tax was 18,116 thousand HKD, with 6,005 thousand HKD from the production segment and 16,411 thousand HKD from the energy efficiency segment[20]. - The net profit for the year was 12,456 thousand HKD, with 3,162 thousand HKD from the production segment and 13,594 thousand HKD from the energy efficiency segment[20]. - The group reported a profit for the fiscal year of 12.5 million MYR, a decrease of 5.7 million MYR or 31.3% from 18.2 million MYR in 2022, primarily due to reduced revenue and one-time losses[56]. Revenue Segmentation - Total revenue from external customers reached 216,830 thousand HKD, with 96,113 thousand HKD from the production segment and 120,546 thousand HKD from the energy efficiency segment[20]. - The energy efficiency segment contributed approximately 120.5 million MYR to the total revenue, a significant increase of 70.7 million MYR or 142% from 49.8 million MYR in the previous year[46]. - Revenue from maintenance services increased to 13,199 thousand MYR in 2023, compared to 6,386 thousand MYR in 2022, representing a growth of 106.5%[27]. - Revenue from elastic textiles, webbing, and other products accounted for approximately 30.4%, 45.5%, and 24.1% of the production segment's total revenue, respectively[42]. Asset and Liability Management - Total assets decreased from 159,597 million to 154,990 million, a decline of approximately 2% year-over-year[6]. - Current assets decreased from 163,720 million to 144,878 million, representing a decline of approximately 11.5%[6]. - Total equity increased from 124,723 million to 138,399 million, reflecting a growth of about 11%[7]. - The company’s total liabilities decreased from 58,039 million to 44,886 million, a reduction of about 22.5%[6]. - The current ratio as of December 31, 2023, was approximately 3.2 times, compared to 2.8 times in 2022, indicating improved liquidity[60]. Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming fiscal year[5]. - The company has identified potential acquisition targets to enhance its market position and product offerings[5]. - The company plans to expand its market presence in energy efficiency products, which is expected to drive future revenue growth[10]. - The company is focused on maintaining a competitive edge through strategic market repositioning and cost management initiatives[80]. Challenges and Economic Environment - The current economic environment is facing higher-than-expected inflation and interest rate hikes, leading to a challenging global economic situation[80]. - Supply chain disruptions and rising costs due to inflation have weakened demand, posing significant challenges to operational efficiency and profitability[80]. - Despite rising energy prices, global energy consumption continues to surge, indicating a robust growth outlook for companies in the energy efficiency sector[81]. Governance and Compliance - The audit committee has reviewed the group's consolidated performance for the fiscal year, ensuring compliance with applicable accounting standards and regulations[88]. - The company has adhered to corporate governance guidelines throughout the fiscal year, emphasizing the importance of effective accountability[83]. - The audit committee is composed of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[87].

Financial Performance - For the nine months ended September 30, 2023, the group reported revenue of 153,906 thousand MYR, a significant increase of 70.4% compared to 90,349 thousand MYR in the same period of 2022[2]. - Gross profit for the nine months ended September 30, 2023, was 37,277 thousand MYR, representing a 54.1% increase from 24,180 thousand MYR in the previous year[2]. - The net profit for the nine months ended September 30, 2023, was 5,116 thousand MYR, down 41.0% from 8,810 thousand MYR in the same period of 2022[2]. - The basic and diluted earnings per share for the nine months ended September 30, 2023, were 0.85 sen, compared to 1.56 sen for the same period in 2022[4]. - The total comprehensive income for the nine months ended September 30, 2023, was 6,880 thousand MYR, a decrease of 37.5% from 11,034 thousand MYR in the previous year[4]. - Operating profit for the nine months was MYR 9,139,000, compared to MYR 10,601,000 in the previous year, reflecting a decrease of 13.8%[16][18]. - Profit for the period was approximately RM 5.1 million, a decrease of RM 3.7 million or 42.0% compared to RM 8.8 million in the same period of 2022, primarily due to reduced profits from the production segment and one-time impairment losses[53]. Revenue Segmentation - Revenue from the production segment was MYR 74,900,000, while the energy efficiency segment generated MYR 78,876,000, indicating a strong performance in both areas[16]. - The Asia-Pacific region contributed MYR 133,861,000 to revenue for the nine months, a substantial increase from MYR 65,688,000 in 2022, representing a growth of 103.5%[22]. - The revenue from the production segment for the nine months ended September 30, 2023, was approximately 74.9 million MYR, down 10.9% from 84.1 million MYR in the same period of 2022[40]. - The revenue from elastic textiles for the three months ended September 30, 2023, was about 21.5 million MYR, a decrease of 24.6% from 28.5 million MYR in the same period of 2022[41]. - The revenue from the energy efficiency segment for the three months ended September 30, 2023, was approximately 78.9 million MYR, significantly up from 6 million MYR in the same period of 2022, reflecting an increase of 1,315%[44]. - The revenue from other products for the three months ended September 30, 2023, was approximately 20.7 million MYR, a decrease of 6.3% from 22.1 million MYR in the same period of 2022[43]. Expenses and Costs - The group's administrative expenses for the nine months ended September 30, 2023, increased to 28,201 thousand MYR from 15,163 thousand MYR in the previous year, reflecting a rise of 86.0%[2]. - The group's cost of sales for the period was approximately RM 116.6 million, an increase of RM 50.4 million or 76.1% compared to RM 66.2 million in the same period of 2022, consistent with the revenue increase[46]. - The gross profit margin decreased from 26.8% to 24.2%, primarily due to a one-time provision of RM 2.5 million for unsold PVC-related products and increased chemical and utility costs[48]. - The company incurred financing costs of MYR 726,000 for the nine months, slightly higher than MYR 453,000 in the previous year, reflecting an increase of 60.0%[16][18]. - The total tax expense for the nine months ended September 30, 2023, was 4,023,000 MYR, compared to 1,791,000 MYR in the same period of 2022, marking an increase of 124.5%[32]. Strategic Actions - The company completed the sale of a subsidiary involved in the manufacturing and sales of PVC-related products on September 19, 2023[8]. - The company sold a subsidiary involved in the manufacturing and sales of PVC-related products on September 19, 2023, which is part of its strategic focus on core business areas[12]. - The company has adopted new and revised International Financial Reporting Standards effective from January 1, 2023, with no significant impact on the financial statements[11]. - The company anticipates challenges from inflation and rising interest rates affecting global consumer spending, alongside supply chain disruptions and increased material costs[55]. - The energy efficiency business is expected to provide growth opportunities due to increasing global energy consumption and government support for environmental measures[55]. Corporate Governance - The company has established a risk management committee to monitor and assess international sanctions risks, ensuring compliance with relevant regulations[58]. - The company has established an audit committee to oversee financial reporting and internal controls since September 20, 2017[92]. - The audit committee consists of three independent non-executive directors, with Ho Ming Hon as the chairman[92]. - The company confirmed compliance with the GEM listing rules regarding securities trading by all directors during the reporting period[90]. - The company has confirmed compliance with the non-competition agreement by the controlling shareholder, with no issues raised regarding adherence to the terms during the reporting period[65]. Shareholder Information - As of September 30, 2023, PRG Holdings holds 303,468,000 shares, representing 50.45% of the company's issued shares[87]. - As of September 30, 2023, the total issued shares of the company are 601,565,600[82]. - Director Lua Choon Hann holds 260,000 shares, accounting for 0.04% of the company's shares[81]. - Director Lim Heen Peok holds 108,800 shares in PRG Holdings, representing 0.03%[84]. - Major shareholders include Jan Jiawen with 53,572,000 shares, representing 8.91%[87]. - Ng Yan Cheng holds 66,977,600 shares, which is 11.13% of the company's issued shares[87]. Recent Developments - The company appointed a new executive director, Kang Boon Lian, effective July 1, 2023[76]. - The company did not declare any dividends for the current period, consistent with the previous year[35]. - The company did not repurchase any listed securities during the reporting period[68]. - There were no significant arrangements, transactions, or contracts involving the directors or controlling shareholders during the reporting period, aside from those disclosed[67]. - The company has not identified any significant matters that require disclosure after September 30, 2023, up to the report date[80]. - The company has made no purchases or sales of its listed securities during the reporting period[68].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 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 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 FURNIWEB HOLDINGS LIMITED 飛 霓 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8480） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。 本公告的資料乃遵照聯交所的《GEM證券上市規則》（「GEM上市規則」）而 刊載，旨在提供有關飛霓控股有限公司（「本公司」 ...

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of 106,912 thousand MYR, a 84.6% increase from 57,857 thousand MYR in the same period of 2022[2] - Gross profit for the same period was 24,291 thousand MYR, up 58.3% from 15,361 thousand MYR year-on-year[2] - The net profit for the period was 2,492 thousand MYR, a decrease of 50.9% compared to 5,074 thousand MYR in the previous year[2] - Total revenue for the six months ended June 30, 2023, was RM 106,912,000, representing a 84.6% increase from RM 57,857,000 in the same period of 2022[24] - The company reported a net profit of RM 2,492,000 for the six months ended June 30, 2023, compared to a profit of RM 5,074,000 in the same period of 2022[19][20] - The company’s basic and diluted earnings per share for the period were 0.41 sen, down from 0.91 sen in the same period of 2022[2] - Profit for the period was approximately MYR 2.5 million, a decrease of about MYR 2.6 million or 51.0% from MYR 5.1 million in the same period of 2022, primarily due to reduced revenue and one-time impairment losses totaling MYR 6.0 million[68] Assets and Liabilities - The company's total assets as of June 30, 2023, were 207,853 thousand MYR, down from 218,594 thousand MYR at the end of 2022[3][4] - The company’s total borrowings decreased to 19,421,000 MYR as of June 30, 2023, from 29,588,000 MYR as of December 31, 2022, a reduction of 34.4%[44] - Trade receivables decreased to 29,874,000 MYR as of June 30, 2023, down from 38,524,000 MYR as of December 31, 2022, a decline of 22.6%[40] - The group’s current assets net value was approximately MYR 93.9 million as of June 30, 2023, down from MYR 105.7 million as of December 31, 2022[70] - The group had cash and cash equivalents of approximately MYR 43.2 million as of June 30, 2023, compared to MYR 48.2 million as of December 31, 2022[70] Cash Flow - Cash and cash equivalents at the end of the period were 43,206 thousand MYR, compared to 19,888 thousand MYR at the end of June 2022[9] - Operating cash flow for the six months was 16,847 thousand MYR, a significant improvement from a cash outflow of 2,585 thousand MYR in the same period last year[9] Revenue Segmentation - Revenue from the production segment was RM 49,979,000, while the energy efficiency segment generated RM 56,848,000, with the latter showing a significant operational profit of RM 7,948,000[19] - The Asia-Pacific region contributed RM 92,079,000 to total revenue, a substantial increase from RM 40,606,000 in the previous year[24] - The company recognized contract revenue of RM 49,615,000 for the first half of 2023, which was not present in the previous year's figures[28] - The energy efficiency segment's performance was highlighted by a pre-tax profit of RM 7,793,000, indicating strong operational efficiency[19] - The production segment's revenue was about 50.0 million MYR, a decrease of 7.7 million MYR or 13.3% from 57.7 million MYR in 2022, primarily due to global demand slowdown and inflation[53] Expenses - The company incurred financing costs of RM 494,000, with interest income totaling RM 678,000 for the period[19] - Depreciation and amortization expenses amounted to RM 2,029,000 for the six months ended June 30, 2023[19] - Sales costs increased to approximately 82.6 million MYR, an increase of 40.1 million MYR or 94.4% compared to 42.5 million MYR in 2022[62] - Administrative expenses for the period amounted to approximately MYR 19.2 million, an increase of about MYR 9.2 million or 92.0% compared to MYR 10.0 million in the same period of 2022[67] - The company’s employee costs for cost of sales increased to 12,777,000 MYR in 2023 from 6,967,000 MYR in 2022, an increase of 83.5%[6] Corporate Governance and Compliance - The company emphasizes the importance of good corporate governance practices in achieving effective accountability[90] - The company has established a risk management committee to monitor and assess international sanctions risks, ensuring compliance with relevant regulations[88] - The company confirmed compliance with corporate governance codes during the reporting period[91] - All directors have confirmed compliance with the trading code and there are no non-compliance issues during the reporting period[117] Shareholder Information - The company proposed to increase its authorized share capital from HKD 100,000,000 (1,000,000,000 shares) to HKD 200,000,000 (2,000,000,000 shares) to provide greater flexibility for future expansion[100] - As of June 30, 2023, the company had 601,565,600 shares issued, with director Lua Choon Hann holding 260,000 shares, representing 0.04% of the total[110][111] - PRG Holdings holds a beneficial ownership of 303,468,000 shares, representing 50.45% of the issued share capital as of June 30, 2023[116] Market Conditions - Global economic conditions are tightening due to higher-than-expected inflation and interest rates in the US and major European economies, alongside ongoing impacts from the Ukraine war and slow recovery in China[86] - The company faces significant challenges including supply chain disruptions, rising material costs, and slowing demand, prompting a reassessment of market demand and pricing strategies[86] - Global energy consumption is expected to continue rising in 2023, with energy prices remaining high, creating growth opportunities in the company's energy efficiency business[86]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 FURNIWEB HOLDINGS LIMITED 飛 霓 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8480） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。 本公告的資料乃遵照聯交所的《GEM證券上市規則》（「GEM上市規則」）而 刊載，旨在提供有關飛霓控股有限公司（「本公司」，連同其 ...

Financial Performance - The group reported revenue of MYR 60,219,000 for the three months ended March 31, 2023, representing a 100% increase from MYR 30,083,000 in the same period of 2022[3]. - Gross profit for the same period was MYR 13,355,000, up 62.5% from MYR 8,223,000 year-on-year[3]. - The net profit for the period was MYR 3,750,000, an increase of 28.9% compared to MYR 2,911,000 in the previous year[3]. - Basic and diluted earnings per share increased to 0.62 sen from 0.52 sen, reflecting a growth of 19.2%[3]. - Operating profit for the same period was 4,922 thousand MYR, compared to 2,262 thousand MYR in the previous year, reflecting a 118% increase[14][15]. - The total comprehensive income for the period was MYR 4,701,000, compared to MYR 3,295,000 in the same period last year, marking a 42.7% increase[3]. - The Asia-Pacific region contributed 54,134 thousand MYR to revenue, significantly up from 21,449 thousand MYR in the previous year, marking a 152% increase[19]. - The company reported a significant increase in contract revenue to 34,061 thousand MYR, which was not present in the previous year[22]. - The production department's revenue decreased to approximately 22.8 million MYR, down by 7.2 million MYR or 24.0% year-on-year, primarily due to a slowdown in global demand and increased inflation[36]. - The energy efficiency department generated revenue of approximately 37.4 million MYR, compared to zero in the previous year, contributing significantly to the overall revenue increase[41]. - Gross profit for the period was approximately 13.4 million MYR, an increase of 5.2 million MYR or 63.4% year-on-year, driven by the energy efficiency department's contribution[46]. - The gross profit margin decreased from 27.2% to 22.3%, mainly due to the lower margin of the energy efficiency department compared to the production department[46]. - The net profit for the period was approximately 3.8 million MYR, an increase of 0.9 million MYR or 31.0% compared to the previous year[51]. Expenses and Costs - The group incurred administrative expenses of MYR 7,933,000, which is a 67.5% increase from MYR 4,749,000 in the prior year[3]. - The group's financing costs rose to MYR 226,000 from MYR 119,000, indicating an increase of 90.8%[3]. - The company incurred financing costs of 226 thousand MYR for the three months ended March 31, 2023, compared to 119 thousand MYR in the same period of 2022, indicating an increase of 90%[26]. Shareholder Information - The average number of ordinary shares issued increased to 601,566 thousand shares from 560,000 thousand shares year-on-year[34]. - As of March 31, 2023, PRG Holdings holds 303,468,000 shares, representing 50.45% of the company's issued share capital[79]. - As of March 31, 2023, the company has 601,565,600 shares issued, with the board members holding a total of 260,000 shares, which is approximately 0.04%[74][76]. - Major shareholder Ng Yan Cheng holds 66,977,600 shares, representing 11.13% of the company[79]. - The company proposed to increase its authorized share capital from HKD 100 million (1 billion shares) to HKD 200 million (2 billion shares) to provide greater flexibility for future expansion and growth[70]. - The company will hold a special general meeting for shareholders to consider the proposed increase in share capital[70]. Risk Management and Compliance - The group has established a Risk Management Committee consisting of two independent non-executive directors and one executive director to oversee risk management activities and ensure effective procedures are in place[58]. - During the reporting period, the Risk Management Committee did not identify any sanctions risk for the group, indicating a proactive approach to compliance with international sanctions[58]. - The audit committee reviewed the unaudited condensed consolidated results for the period and confirmed compliance with applicable accounting standards and GEM listing rules[85]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[83]. - The company confirmed that all directors complied with the trading code during the reporting period, with no non-compliance issues reported[82]. Future Outlook - Future strategies and market expansion plans were not detailed in the report, indicating a potential area for further communication[3]. - The company anticipates continued challenges from supply chain disruptions, rising material costs, and demand slowdown, while also expecting global energy consumption to increase in 2023[55]. - The company believes that the energy efficiency business will positively contribute to its performance, supported by government policies and rising energy costs[55]. Corporate Actions - The company entered into a conditional sale agreement to purchase 50 multi-storey units in the Picasso Residence development in Malaysia for a total consideration of MYR 61,982,000 (approximately HKD 109,689,545.40), with part of the payment made in cash and part through the issuance of new shares[68]. - The company announced changes in executive directors and compliance officers effective April 30, 2023, with new appointments made to the risk management committee[70]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[71].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 FURNIWEB HOLDINGS LIMITED 飛 霓 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8480） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。 本公告的資料乃遵照聯交所的《GEM證券上市規則》（「GEM上市規則」）而 刊載，旨在提供有關飛霓控股有限公司（「本 ...

Financial Performance - The company reported a significant revenue increase of 22.0% to RM 162.2 million compared to the previous year[7]. - Profit surged to RM 18.2 million, a substantial increase of 250.0% from RM 5.2 million in the prior year[7]. - Revenue for the fiscal year was approximately 162.2 million MYR, an increase of 29.3 million MYR or 22.0% compared to the previous year[15]. - The energy efficiency segment generated revenue of approximately 49.8 million MYR, a significant increase from zero in the previous year, driven by major projects like Changi Airport Terminal 2[14]. - The flexible textile segment reported revenue of approximately 36.9 million MYR, an increase of 8.6 million MYR or 30.4% from the previous year, due to increased sales in the Asia-Pacific, North America, and Europe[12]. - The production segment's revenue was approximately RM 112.1 million, a decrease of about RM 3.8 million or 3.3% from RM 115.9 million in the previous year[11]. - The production segment accounted for approximately 69.2% of total revenue, down from 87.2% in the previous year[16]. - Gross profit decreased to approximately 41.4 million MYR, a reduction of 4.8 million MYR or 10.4% compared to the previous year, primarily due to the impact of the sold securities brokerage business[19]. - Other net income increased by 10.5 million MYR or 126.5%, reaching approximately 2.2 million MYR, due to gains from the sale of an associate company[20]. Market Strategy and Outlook - The company aims to expand its market share in Malaysia by leveraging the experience and expertise of its Singapore team[7]. - The outlook for the energy efficiency industry remains optimistic, despite a cautious stance on the manufacturing sector due to anticipated global economic slowdown[8]. - The company continues to seek growth opportunities and aims to deliver returns to shareholders despite recent challenges[8]. - The company plans to continue operations under constraints, reassessing market demand and pricing strategies while adjusting cost structures to maintain competitiveness amid economic slowdown[50]. - Global energy consumption is anticipated to continue increasing in 2023, driven by high energy prices and potential reductions in Russian gas and oil supplies, which will heighten the urgency for energy efficiency initiatives[50]. - The company believes that government policies aimed at reducing greenhouse gas emissions and promoting energy efficiency will positively contribute to its performance[50]. Operational Efficiency - The company is focused on streamlining operations and minimizing business disruptions in collaboration with customers and suppliers[8]. - Selling and distribution costs decreased by approximately 3.6 million MYR or 52.2% to 3.3 million MYR, mainly due to the closure of retail operations[21]. - Administrative expenses were 23.3 million MYR, a decrease of 0.8 million MYR or 3.3% from the previous year, attributed to the sale of the securities brokerage business[22]. - The gross margin decreased from 34.8% to 25.5%, influenced by increased labor and manufacturing overhead costs in the energy efficiency segment[19]. Corporate Governance and Management - The company has a strong management team with extensive experience in the automotive and manufacturing sectors, including over 30 years in sales and marketing management[59]. - The board of directors includes experienced individuals with significant backgrounds in various industries, contributing to the company's long-term strategic planning[56]. - The company has been focusing on strategic planning and business development since November 2013, with a significant emphasis on operational management in production and energy efficiency sectors[61]. - The company has a structured approach to corporate governance, with established committees for audit, remuneration, and nominations to ensure accountability and transparency[66]. - The board comprises both executive and independent non-executive directors, ensuring a balance of expertise and independent judgment[156]. - The company has established a remuneration committee in accordance with GEM listing rules to review compensation policies and related matters for directors and senior management[117]. Risk Management - The company faces various risks including operational, market, liquidity, credit, and regulatory risks, and has implemented a risk management policy to address these[99]. - The company has a robust risk management framework to address major risks and uncertainties[78]. - The risk management committee has been formed to monitor and assess international sanction risks, with no identified threats to the group as of the report date[124]. - The company must maintain multiple licenses and permits to operate in Malaysia, Vietnam, and China, which are subject to approval and verification by relevant authorities[100]. Shareholder Information - The company does not recommend the payment of a final dividend for the fiscal year[82]. - The company's distributable reserves as of December 31, 2022, amounted to RM 92.1 million, an increase from RM 69.0 million in 2021[89]. - The company has not purchased, sold, or redeemed any of its listed securities during the fiscal year[86]. - The company has a loan agreement with PRG Holdings for a maximum principal amount of 5 million MYR (approximately 8.334 million HKD), generating interest income at an annual rate of 6%[137]. Employee and Workplace Culture - Employee costs for the fiscal year were approximately MYR 33.7 million, an increase from MYR 27.8 million in 2021, with the number of employees rising to 623 from 515[36]. - The company focuses on employee welfare, providing a fair and diverse work environment, and regularly reviews compensation and benefits[106]. - The company is committed to identifying and appointing at least one female director by December 31, 2024, to enhance gender diversity on the board[174]. - The employee gender ratio was approximately 67.2% male to 32.8% female, an increase from 62.2% male to 37.8% female the previous year[175]. Environmental and Social Responsibility - The company has established an environmental policy to guide daily operations towards higher environmental standards[97]. - The company has been actively involved in energy efficiency business as part of its operations[80]. - The company has a strong commitment to compliance and risk management, with dedicated committees overseeing these areas since November 2019[64]. Acquisitions and Investments - The group completed the acquisition of the remaining 62.75% equity in ESGL for HKD 58,191,840 (approximately MYR 31,423,594) on August 29, 2022, making ESGL a wholly-owned subsidiary[30]. - The company has completed the acquisition of all issued shares of West Cow on October 15, 2020, and subsequently sold it in March 2021[46]. - The company has utilized approximately MYR 6.5 million (equivalent to HKD 18.9 million) from the IPO proceeds for the purchase of machinery to expand the production capacity of narrow elastic webbing, elastic yarn, and safety belt webbing[44].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 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 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 FURNIWEB HOLDINGS LIMITED 飛 霓 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8480） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 年 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。 本公告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關飛霓控股有限公司（「本公司」，連同 ...