Financial Performance - For the three months ended June 30, 2023, revenue was SGD 7,853,000, a decrease of 6.5% compared to SGD 8,396,000 for the same period in 2022[5]. - Gross profit for the six months ended June 30, 2023, was SGD 4,595,000, representing an increase of 7.3% from SGD 4,282,000 in the same period last year[5]. - The net profit attributable to owners for the six months ended June 30, 2023, was SGD 1,052,000, compared to a loss of SGD 405,000 in the same period of 2022[5]. - The company reported a basic and diluted earnings per share of SGD 1.27 for the six months ended June 30, 2023, compared to a loss per share of SGD 0.66 in the previous year[5]. - Revenue for the six months ended June 30, 2023, was SGD 15,347,000, down 7.7% from SGD 16,624,000 in the prior year[22]. - The group’s revenue decreased by approximately SGD 1.3 million or about 7.8% to approximately SGD 15.3 million for the six months ended June 30, 2023, compared to SGD 16.6 million for the same period in 2022, primarily due to a reduction in sales volume of frozen products[67]. - The overall gross profit increased by approximately SGD 0.3 million or about 7.0% to approximately SGD 4.6 million for the six months ended June 30, 2023, with the gross profit margin rising from 25.8% to 29.9%, driven by higher selling prices of frozen products[69]. - The group recorded a profit of approximately SGD 1.05 million for the six months ended June 30, 2023, compared to a loss of approximately SGD 0.4 million for the same period in 2022, primarily due to a reduction in administrative and other operating expenses by about SGD 1 million[74]. Assets and Liabilities - Total assets as of June 30, 2023, were SGD 14,593,000, down from SGD 16,376,000 as of December 31, 2022[9]. - Current liabilities decreased to SGD 7,957,000 as of June 30, 2023, from SGD 10,916,000 at the end of 2022[10]. - The company’s non-current assets totaled SGD 15,021,000 as of June 30, 2023, a decrease from SGD 15,523,000 as of December 31, 2022[9]. - The company’s total equity increased to SGD 14,290,000 as of June 30, 2023, from SGD 13,218,000 at the end of 2022[10]. - The company’s bank borrowings as of June 30, 2023, were SGD 5,524,000, a slight decrease from SGD 5,857,000 as of December 31, 2022[37]. - As of June 30, 2023, the group's total borrowings were approximately SGD 9.4 million, down from SGD 10.9 million as of December 31, 2022, with a debt-to-equity ratio of approximately 65.6%[80]. Cash Flow and Expenses - Operating cash flow for the six months ended June 30, 2023, was SGD 738,000, a significant increase from SGD 25,000 in the same period last year[13]. - The company experienced a decrease in cash and cash equivalents, ending the period with SGD 2,820,000, down from SGD 4,128,000 a year earlier[14]. - The company incurred interest expenses of SGD 140,000, down from SGD 181,000 in the previous year[13]. - Administrative and other operating expenses decreased by approximately SGD 1.4 million or about 40% to approximately SGD 2.1 million for the six months ended June 30, 2023, due to reductions in salaries and other operating costs[71]. Share Capital and Options - The company’s issued share capital increased to 83,092,000 shares as of June 30, 2023, from 58,320,000 shares at the beginning of 2022, reflecting a capital raise[38]. - As of June 30, 2023, there were 1,580,000 unexercised share options at an exercise price of SGD 0.71, unchanged from the previous year[43]. - The total number of issued shares as of June 30, 2023, is 83,012,000[93]. - The stock options granted to employees totaled 2,370,000, with 1,580,000 exercised during the period[101]. Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the six months ending June 30, 2023[108]. - All directors confirmed compliance with the trading standards for securities transactions during the six months ending June 30, 2023[110]. - The audit committee of Cool Link (Holdings) Limited consists of one non-executive director and three independent non-executive directors, ensuring compliance with applicable accounting standards and regulations[111]. Future Outlook and Strategy - The company plans to continue its focus on the food and healthcare supply business, aiming for market expansion and potential new product development[17]. - The company continues to explore diverse opportunities to broaden revenue sources and enhance market share despite challenges posed by COVID-19 and geopolitical risks[65]. - The company is committed to minimizing the impact of external challenges on its core business while striving for sustainable growth and improved profitability[65].

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佈內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部分內容而產 生或因依賴該等內容而引致的任何損失承擔任何責任。 COOL LINK (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8491） 截至二零二三年六月三十日止六個月之中期業績公佈 Cool Link (Holdings) Limited（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二三年六月三十日止六個月之未經審核簡明綜合業績。本公佈列載本 公司二零二三年中期業績報告全文，符合香港聯合交易所有限公司（「聯交所」）GEM證券 上市規則（「GEM上市規則」）中有關中期業績初步公佈附載的資料之相關要求。 承董事會命 Cool Link (Holdings) Limited 主席兼執行董事 陳少義 香港，二零二三年八月十四日 於本公佈日期，執行董事為陳少義先生及倪朝祥先生，非執行董事為鄧子健先生；及獨 立非執行董事為陳愛莊女士、陸萱凌女士及閻駿峰先生。 ...

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佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公佈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。 COOL LINK (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8491） 有關二零二二年年報之 補充公佈 茲提述Cool Link (Holdings) Limited（「本公司」）於二零二三年三月三十日刊發之截至二零 二二年十二月三十一日止年度之年報（「年報」）。除本公佈另有界定或文義另有所指外， 本公佈所用詞彙與年報所界定者具有相同涵義。 本公司謹此提供以下補充資料，有關資料應與年報一併閱讀。 業務回顧 本集團的供應商主要包括全球（包括但不限於亞洲、歐洲及中東）的製造商及貿易公司。 向海外供應商採購產品的過程需要我們的供應商（為原製造商或貿易公司）、海外貨運代 理商、本地貨運代理商與我們之間的協調。我們的本地供應商直接向我們的倉庫交付產品， 費用由彼等自行承擔。有時，我們會於急需時自行向該等當地供應商收取產品。 就我們的一般銷售流程而言，我們設有有秩序的系統 ...

Financial Performance - For the three months ended March 31, 2023, the revenue was SGD 7,494,000, a decrease of 8.9% compared to SGD 8,228,000 for the same period in 2022[4] - Gross profit for the same period was SGD 2,565,000, representing a gross margin of 34.2%, compared to SGD 2,224,000 in 2022[4] - The net profit attributable to owners of the company for the first quarter of 2023 was SGD 704,000, compared to a loss of SGD 185,000 in the same period last year[4] - Revenue for the three months ended March 31, 2023, decreased by approximately SGD 0.7 million or 8.5% to approximately SGD 7.5 million compared to SGD 8.2 million for the same period in 2022[22] - Gross profit increased by approximately SGD 0.3 million or 13.6% to approximately SGD 2.5 million, with the gross profit margin rising from approximately 27.0% to 34.2% due to higher sales of frozen products[24] - The company recorded a profit of approximately SGD 704,000 for the three months ended March 31, 2023, compared to a loss of approximately SGD 185,000 for the same period in 2022[29] Expenses and Costs - The company reported a financing cost of SGD 87,000, slightly down from SGD 91,000 in the previous year[4] - The company’s administrative and other operating expenses decreased to SGD 983,000 from SGD 1,673,000 in the prior year, reflecting a reduction of 41.2%[4] - Administrative and other operating expenses decreased by approximately SGD 0.7 million or 41.2% to approximately SGD 1.0 million, attributed to reduced salaries and other operating costs[27] - Financing costs decreased by approximately SGD 4,000 or 4.4% to approximately SGD 87,000, primarily due to the redemption of some promissory notes prior to the period[28] Shareholder Information - The company’s total equity attributable to owners as of March 31, 2023, was SGD 19,577,000, a slight decrease from SGD 19,623,000 at the beginning of the year[6] - The weighted average number of ordinary shares increased to 83,092,000 shares for the three months ended March 31, 2023, compared to 60,398,000 shares in the previous year[18] - As of March 31, 2023, the total number of issued shares is 83,092,000[37] - Mr. Chen Shao Yi holds 11,760,000 shares, representing 14.15% of the total shares[33] - Mr. Ni Chao Xiang and Ms. Yang Bao Zhu each hold 13,107,000 shares, accounting for 15.78% of the total shares[33] - The major shareholder, Ma You Cheng Investment Limited, holds 5,795,000 shares, which is 8.79% of the total shares[36] Corporate Governance and Compliance - The company is committed to maintaining compliance with the GEM listing rules and ensuring the accuracy of its financial reporting[10] - The company has complied with the corporate governance code during the three months ended March 31, 2023[52] - The audit committee has reviewed the group's financial statements for the first quarter ended March 31, 2023, ensuring compliance with applicable accounting standards and regulations[55] Strategic Focus and Future Plans - The company continues to focus on its core business in food and healthcare product supply, with plans for market expansion and new product development[9] - The company continues to explore diverse opportunities to broaden revenue sources and enhance market share despite challenges from the global economy and COVID-19 impacts[20] Stock Options and Incentive Plans - The stock option plan allows for a maximum of 1,580,000 shares to be issued, which is 1.9% of the total issued shares as of March 31, 2023[44] - The exercise price for stock options is set at a minimum of HKD 0.71, based on the average closing price prior to the offer date[45] - The stock option plan was adopted on August 30, 2017, to attract and retain qualified personnel[40] - No stock options were granted, exercised, canceled, or expired during the reporting period[43] - The company has a remaining authorization limit of 275,200 stock options available for grant under the plan[44] - The company adopted a share incentive plan on September 14, 2021, aimed at rewarding and retaining qualified participants contributing to the group's growth[47] - As of March 31, 2023, the trustee has utilized approximately HKD 4,556,000 to purchase 5,795,000 shares, representing 7.0% of the issued shares[48] - The maximum number of shares that can be awarded to any selected participant in a twelve-month period is capped at 1% of the total issued shares[48] - As of March 31, 2023, the number of shares available for incentive awards under the plan is 2,514,200 shares[50] - The potential number of shares to be issued under the plan and related options for the three months ended March 31, 2023, is 7,375,000 shares, which is 8.9% of the weighted average number of shares issued during the period[50] Dividends and Liabilities - The company did not recommend any dividend for the three months ended March 31, 2023, consistent with the previous year[16] - Contingent liabilities related to performance guarantees issued to suppliers amounted to SGD 942,000 as of March 31, 2023, slightly up from SGD 938,000 in 2022[17] - No significant investments, acquisitions, or disposals of subsidiaries or associates occurred during the period[32] - The company did not purchase, sell, or redeem any of its listed securities during the period[39]

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佈內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部分內容而產 生或因依賴該等內容而引致的任何損失承擔任何責任。 COOL LINK (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8491） 截至二零二三年三月三十一日止三個月之第一季度業績公佈 Cool Link (Holdings) Limited（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二三年三月三十一日止三個月之未經審核簡明綜合業績。本公佈列載 本公司二零二三年第一季度業績報告全文，符合香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公佈附載的資料之相關要 求。 承董事會命 Cool Link (Holdings) Limited 主席兼執行董事 陳少義 香港，二零二三年五月十五日 於本公佈日期，執行董事為陳少義先生及倪朝祥先生，非執行董事為鄧子健先生；及獨 立非執行董事為陳愛莊女士、陸萱凌女士及閻駿峰先生。 ...

Financial Performance - The total revenue for the year ended December 31, 2022, was approximately SGD 34.7 million, an increase compared to the previous fiscal year[11]. - The company recorded a loss of approximately SGD 8.7 million for the year ended December 31, 2022, compared to a loss of approximately SGD 1.2 million for the year ended December 31, 2021[11]. - The increase in loss was primarily due to the absence of a one-time gain from the sale of investment properties amounting to approximately SGD 1.1 million, impairment losses on goodwill and intangible assets, and increased selling and administrative expenses[14]. - The group's revenue increased by approximately SGD 1.9 million or about 5.8% from approximately SGD 32.8 million for the year ended December 31, 2021, to approximately SGD 34.7 million for the year ended December 31, 2022, mainly due to the introduction of more products and an expanded customer base[18]. - The group's cost of sales decreased by approximately SGD 1 million or about 3.9% from approximately SGD 25.9 million for the year ended December 31, 2021, to approximately SGD 24.9 million for the year ended December 31, 2022, in line with the increase in revenue[19]. - The overall gross profit increased by approximately SGD 2.9 million or about 42.0% from approximately SGD 6.9 million for the year ended December 31, 2021, to approximately SGD 9.8 million for the year ended December 31, 2022, with the gross profit margin rising from approximately 21.1% to approximately 28.1%[20]. - The group's administrative and other operating expenses increased by approximately SGD 0.5 million or about 6.9% from approximately SGD 7.2 million for the year ended December 31, 2021, to approximately SGD 7.7 million for the year ended December 31, 2022, primarily due to increased employee costs[22]. - The group's loss for the year increased by approximately SGD 7.5 million from approximately SGD 1.2 million for the year ended December 31, 2021, to approximately SGD 8.7 million for the year ended December 31, 2022, mainly due to the absence of one-time gains from the sale of investment properties and increased selling and administrative expenses[27]. Business Strategy and Outlook - The company aims to expand its business by broadening its customer base and nurturing new clients for long-term growth[11]. - The company continues to seek various business and investment opportunities despite a challenging business environment[11]. - The ongoing impacts of COVID-19, geopolitical risks, and rising interest rates are expected to challenge the company's future outlook[15]. - The company is committed to promoting its brand, providing quality products, and seizing opportunities in various regions[15]. - The company maintains a positive outlook and is taking necessary actions to ensure minimal impact on its core business[15]. - The company will continue to adopt a diversified strategy to optimize its business model and achieve growth in the coming years[15]. Financial Position and Capital Management - The group's total borrowings as of December 31, 2022, amounted to approximately SGD 10.9 million, down from SGD 13.8 million in the previous year, with a capital debt ratio of approximately 82.2%[34]. - The group's current ratio improved to approximately 1.21 times as of December 31, 2022, compared to 1.08 times in the previous year, primarily due to a decrease in current liabilities by about 5.1%[33]. - The group invested approximately SGD 110,000 in capital expenditures related to the acquisition of properties, plants, and equipment for the year ended December 31, 2022[36]. - The group had contingent liabilities related to performance guarantees issued to certain suppliers amounting to approximately SGD 938,000 as of December 31, 2022[43]. - As of December 31, 2022, the distributable reserves available to shareholders were approximately SGD 9.4 million, down from SGD 16.1 million in 2021[58]. Shareholder and Dividend Policy - The company does not recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous year[55]. - The company has adopted a general dividend policy aimed at distributing shareholders' profits for any financial year, with no predetermined payout ratio[185]. - The board will regularly review and reassess the dividend policy based on the group's actual and expected financial performance, economic conditions, and other internal and external factors[185]. - The company does not have a fixed dividend distribution ratio, and the declaration, payment, and amount of dividends will be determined at the board's discretion[185]. Corporate Governance and Compliance - The board of directors is committed to high standards of corporate governance and has adhered to all applicable code provisions[135]. - The audit committee reviewed and discussed the group's quarterly, interim, and annual financial statements, ensuring compliance with applicable accounting standards and GEM listing rules[149]. - The remuneration committee reviewed the company's remuneration policies and structures, ensuring no director determined their own remuneration during the year ended December 31, 2022[150]. - The nomination committee was established to oversee the appointment of directors, ensuring compliance with GEM listing rules[151]. - The company has complied with GEM listing rules regarding the independence of its non-executive directors as of December 31, 2022[141]. - The company has not engaged in any related party transactions that require disclosure under GEM listing rules for the fiscal year ending December 31, 2022[118]. Risk Management - The company has faced business risks related to the retention of major customers, which could adversely affect operational performance[125]. - The company has faced financial risks related to foreign currency, interest rates, credit, and liquidity during its operations[127]. - The board is responsible for overseeing the group's risk management and internal control systems, ensuring their effectiveness, particularly regarding environmental, social, and governance (ESG) risks[169]. - The group has implemented a three-tier risk management approach to identify, assess, and manage various types of risks, with business units acting as the first line of defense[171]. - An independent internal control consultant was hired to evaluate the overall internal control of the group, which identified significant deficiencies, yet the board believes the internal control measures are sufficient and effective[173]. - The audit committee conducts an annual review of the effectiveness of the risk management and internal control systems, confirming their adequacy for the year ending December 31, 2022[170]. Employee and Management - As of December 31, 2022, the company employed 62 employees, with total employee costs (including director remuneration) amounting to approximately SGD 4.8 million, an increase from SGD 4.4 million in 2021[44]. - The company has established various training programs to enhance employee skills and capabilities[44]. - The company has a strong management team with diverse backgrounds in finance, marketing, and supply chain development, enhancing its operational capabilities[191][192]. - The management team has significant experience in managing receivables and operational oversight, contributing to the company's financial health[199]. Environmental and Social Responsibility - The company is focused on environmental sustainability, promoting energy-saving practices and the use of eco-friendly materials[120]. - The company emphasizes the importance of managing ESG-related risks to enhance long-term business value[171]. - Charitable donations made by the group amounted to approximately SGD 27,000 for the year ended December 31, 2022, compared to SGD 9,000 in 2021[78].

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佈內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部分內容而產 生或因依賴該等內容而引致的任何損失承擔任何責任。 COOL LINK (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8491） 截至二零二二年十二月三十一日止年度之全年業績公佈 Cool Link (Holdings) Limited（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二二年十二月三十一日止年度之經審核綜合業績。本公佈列載本公司 二零二二年年報全文，符合香港聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM 上市規則」）中有關年度業績初步公佈附載的資料之相關要求。 承董事會命 Cool Link (Holdings) Limited 主席兼執行董事 陳少義 香港，二零二三年三月三十日 於本公佈日期，執行董事為陳少義先生及倪朝祥先生，非執行董事為鄧子健先生；及獨 立非執行董事為陳愛莊女士、陸萱凌女士及閻駿峰先生。 本公佈乃遵照GEM上市規則而提供有關本公司的資料，董 ...

Financial Performance - For the three months ended September 30, 2022, the revenue was SGD 8,847,000, representing an increase of 17.5% compared to SGD 7,534,000 for the same period in 2021[6]. - The gross profit for the nine months ended September 30, 2022, was SGD 5,984,000, up 11.2% from SGD 5,383,000 in the previous year[6]. - The net loss for the three months ended September 30, 2022, was SGD 247,000, compared to a profit of SGD 1,365,000 in the same period of 2021[6]. - The total comprehensive income for the nine months ended September 30, 2022, was SGD 1,683,000, down from SGD 1,653,000 in the previous year[6]. - For the nine months ended September 30, 2022, the company reported sales of SGD 25,471,000, an increase of 16.5% compared to SGD 21,921,000 for the same period in 2021[17]. - The company reported a loss attributable to owners of SGD 652,000 for the nine months ended September 30, 2022, compared to a profit of SGD 1,654,000 in the same period of 2021[22]. - For the nine months ended September 30, 2022, the company recorded a loss of approximately SGD 0.6 million, compared to a profit of approximately SGD 1.7 million for the same period in 2021[30]. Costs and Expenses - The company incurred financing costs of SGD 278,000 for the nine months ended September 30, 2022, a decrease of 41.2% from SGD 473,000 in the same period of 2021[6]. - Selling and distribution costs increased by approximately SGD 1.0 million or about 69.1% to approximately SGD 2.3 million for the nine months ended September 30, 2022, due to higher advertising and promotional expenses[36]. - Administrative and other operating expenses decreased by approximately SGD 0.4 million or about 9.0% to approximately SGD 4.4 million for the nine months ended September 30, 2022[37]. - Cost of sales rose by approximately SGD 3.0 million or about 17.8% to approximately SGD 19.5 million for the nine months ended September 30, 2022, from approximately SGD 16.5 million for the same period in 2021[34]. Shareholder Information - The total equity attributable to the owners of the company as of September 30, 2022, was SGD 21,891,000, compared to SGD 23,183,000 at the end of the previous year[8]. - As of September 30, 2022, the total number of issued shares was 83,092,000, with significant shareholders holding 12.73% and 10.16% respectively[46]. - Major shareholders include Mr. Chen with 10,575,000 shares (12.73%) and Mr. Ni with 8,445,000 shares (10.16%) as of September 30, 2022[46]. - The company does not recommend any dividend payment for the nine months ended September 30, 2022, consistent with the previous year[27]. Stock Options and Incentive Plans - The stock option plan adopted on August 30, 2017, aims to attract and retain qualified individuals by granting stock options[53]. - As of September 30, 2022, there were 1,580,000 unexercised stock options remaining under the plan[56]. - The stock options granted to directors and employees totaled 6,320,000, with 1,580,000 options remaining unexercised[54]. - The company adopted a share incentive plan on September 14, 2021, aimed at rewarding and retaining qualified participants contributing to the group's growth[58]. - As of September 30, 2022, the trustee had utilized approximately HKD 4,556,000 to purchase 5,795,000 shares under the incentive plan[60]. - No incentive shares were granted under the plan as of September 30, 2022[60]. Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the nine months ending September 30, 2022[62]. - The audit committee reviewed the third quarterly report and unaudited consolidated financial statements for the nine months ending September 30, 2022, ensuring compliance with applicable accounting standards[65]. Future Outlook - The company remains optimistic about future growth despite challenges posed by COVID-19 and international trade conflicts, focusing on brand promotion and exploring diverse opportunities[31].

Financial Performance - Revenue for the three months ended June 30, 2022, was SGD 8,396,000, an increase of 16.0% compared to SGD 7,227,000 for the same period in 2021[5] - Gross profit for the six months ended June 30, 2022, was SGD 4,282,000, representing a 21.1% increase from SGD 3,534,000 in the same period of 2021[5] - The net loss for the six months ended June 30, 2022, was SGD 405,000, compared to a profit of SGD 288,000 in the same period of 2021[5] - Revenue for the six months ended June 30, 2022, was SGD 16,624,000, up 15.5% from SGD 14,387,000 in the prior year[17] - Other income for the six months ended June 30, 2022, totaled SGD 232,000, a decrease of 83.9% from SGD 1,445,000 in the same period of 2021[19] - The company reported a loss attributable to owners of SGD 405,000 for the six months ended June 30, 2022, compared to a profit of SGD 289,000 in the same period of 2021[24] - The company recorded a loss of approximately SGD 0.4 million for the six months ended June 30, 2022, compared to a profit of approximately SGD 0.29 million in the same period of 2021[58] - The loss was primarily due to the absence of a one-time gain of SGD 1.1 million from the sale of investment properties recognized in the six months ended June 30, 2021, along with increased operating expenses[58] Assets and Liabilities - Total assets as of June 30, 2022, were SGD 30,202,000, an increase from SGD 28,902,000 as of December 31, 2021[7] - Current assets net of current liabilities increased to SGD 6,388,000 from SGD 4,331,000 in the previous year[7] - Non-current assets decreased to SGD 23,814,000 from SGD 24,571,000 year-on-year[6] - The company’s total equity increased to SGD 21,260,000 as of June 30, 2022, compared to SGD 19,623,000 at the end of the previous year[7] - The company’s cash and cash equivalents as of June 30, 2022, were SGD 4,128,000, down from SGD 4,492,000 at the end of 2021[6] - The company’s issued share capital as of June 30, 2022, was SGD 2,760,000, reflecting changes due to share consolidation and issuance[36] - The group's total borrowings as of June 30, 2022, were approximately SGD 12.4 million, down from SGD 13.8 million as of December 31, 2021, with a debt-to-equity ratio of approximately 58.2%[74] Cash Flow and Financing - The cash flow from operating activities for the six months ended June 30, 2022, was SGD 25,000, compared to a cash outflow of SGD 209,000 for the same period in 2021, indicating a significant improvement[10] - The company raised SGD 2,188,000 from the placement of new shares during the six months ended June 30, 2022, compared to SGD 1,430,000 in the previous year, reflecting a 53% increase in capital raised[11] - The net proceeds from the share placement on January 27, 2022, amounted to approximately HKD 5.58 million, which has been fully utilized for general working capital[70] - The net proceeds from the share placement on June 17, 2022, were approximately HKD 6.76 million, also intended for general working capital[72] - As of June 30, 2022, the net proceeds from the share issuance amounted to HKD 35,600,000, with HKD 33,731,000 already utilized and HKD 1,869,000 remaining unutilized[84] Operational Highlights - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[5] - The company aims to continue promoting its brand and providing quality products while exploring diverse opportunities to broaden its revenue sources and strengthen market share[59] - The board remains optimistic and is taking necessary actions to minimize the impact on core business operations due to the COVID-19 pandemic and international trade conflicts[59] Shareholder Information - Major shareholders include Mr. Chen with 9,785,000 shares (13.36%) and Mr. Ni with 8,445,000 shares (11.67%) as of June 30, 2022[87] - The company has a total of 79,142,000 shares issued as of June 30, 2022, which is the basis for calculating the ownership percentages[87] - The company’s major shareholder, Ma Youcheng Investment Limited, holds 5,795,000 shares (7.32%) as of June 30, 2022[91] Stock Options and Incentives - The company’s stock option plan was adopted on August 30, 2017, aimed at attracting and retaining qualified individuals[93] - The stock option plan allows for the issuance of options equivalent to up to 10% of the company's issued shares at any time[38] - The company issued 6,320,000 stock options at an exercise price of HKD 0.71 during the period[43] - The estimated fair value of stock options granted on June 27, 2022, was HKD 1,991,000 (approximately SGD 353,000)[44] - No stock options were exercised during the period, while 57,600,000 options were exercised in the previous year[44] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the six months ended June 30, 2022[101] - All directors confirmed compliance with the trading standards for securities transactions during the six months ended June 30, 2022[102] - The audit committee reviewed the interim report and financial statements for the six months ended June 30, 2022, ensuring compliance with applicable accounting standards[104]

Financial Performance - For the three months ended March 31, 2022, the revenue was SGD 8,228,000, an increase of 14.9% compared to SGD 7,160,000 in the same period of 2021[4] - The gross profit for the same period was SGD 2,224,000, representing a gross margin of 27.0%, up from SGD 1,723,000 in 2021[4] - The net loss for the period was SGD 185,000, compared to a profit of SGD 884,000 in the previous year, indicating a significant decline in profitability[4] - Basic and diluted loss per share was SGD (0.31), compared to earnings per share of SGD 2.78 in the same quarter of 2021[4] - The total comprehensive income for the period was SGD 884,000, down from SGD 885,000 in the previous year[6] - Financing costs decreased by approximately SGD 49,000 or 35.0% to approximately SGD 91,000 for the three months ended March 31, 2022, primarily due to the redemption of some promissory notes[30] - Other income decreased significantly from SGD 1.3 million in the previous year to SGD 145,000, mainly due to the absence of one-time gains from the sale of investment properties[12] - Sales and distribution costs increased by approximately SGD 0.3 million or 59.4% to approximately SGD 0.8 million, attributed to higher advertising and promotional expenses[27] - Administrative and other operating expenses slightly increased by approximately SGD 82,000 or 5.2% to approximately SGD 1.7 million[29] - The company did not recommend any dividend for the three months ended March 31, 2022, consistent with the previous year[18] Shareholder Information - The total equity attributable to the owners of the company as of March 31, 2022, was SGD 19,577,000, compared to SGD 17,706,000 at the same time last year[6] - The company invested approximately SGD 791,000 to purchase 5,795,000 ordinary shares under its share award scheme[6] - As of March 31, 2022, Mr. Chan Siu Yi holds 9,785,000 shares, representing approximately 14.84% of the company's equity, while Mr. Ni Chao Xiang holds 7,655,000 shares, representing approximately 11.61%[36] - Major shareholders include Ms. Yang Lian Na with 5,310,000 shares (8.05%) and Ma You Cheng Investment Limited with 5,795,000 shares (8.79%) as of March 31, 2022[40] Corporate Governance - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[49] - The audit committee has reviewed the unaudited consolidated financial statements for the three months ended March 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[52] - All directors have confirmed adherence to the trading standards and code of conduct for securities transactions during the reporting period[51] Future Outlook - The company remains optimistic about future growth despite challenges posed by the COVID-19 pandemic and international trade conflicts, focusing on brand promotion and quality products[22] Compliance and Reporting - The financial statements were prepared in accordance with the applicable Hong Kong Financial Reporting Standards, ensuring compliance and transparency[10] - There were no significant investments, acquisitions, or disposals of subsidiaries or associated companies during the period[35] Share Placement - The company successfully placed 7,632,000 new shares at a price of HKD 0.75 per share, raising approximately HKD 5.58 million for general working capital[32] - As of the report date, the net proceeds from the share placement have been fully utilized for the intended purpose[33] Contingent Liabilities - Contingent liabilities related to performance guarantees issued to suppliers amounted to SGD 950,000 as of March 31, 2022, compared to SGD 925,000 in the previous year[19] Share Option and Award Schemes - The company adopted a share option scheme in August 2017, with no options granted, exercised, expired, or cancelled during the three months ended March 31, 2022[44] - The company initiated a share award scheme on September 14, 2021, with the trustee purchasing approximately 5,795,000 shares for about HKD 4.56 million, but no award shares were granted under the scheme as of March 31, 2022[45]