Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of SGD 30,765,000, a decrease of 11% from SGD 34,694,000 in 2022[5] - The gross profit for the year was SGD 8,517,000, down from SGD 9,753,000, reflecting a gross margin decline[5] - The net loss attributable to shareholders for the year was SGD 1,071,000, significantly improved from a loss of SGD 8,701,000 in the previous year, indicating a reduction in losses by approximately 87%[5][7] - The company recorded a pre-tax loss of SGD 925,000, a substantial improvement compared to a pre-tax loss of SGD 9,210,000 in 2022[5] - Revenue from customer contracts for 2023 was SGD 30,765,000, a decrease of 11% from SGD 34,694,000 in 2022[19] - Revenue from ship supply customers was SGD 30,448,000 in 2023, slightly up from SGD 30,243,000 in 2022[19] - Interest income decreased to SGD 30,000 in 2023 from SGD 47,000 in 2022[21] - Total other income decreased to SGD 539,000 in 2023 from SGD 647,000 in 2022[21] - Revenue from external customers in Singapore was SGD 30,448,000 in 2023, down from SGD 30,498,000 in 2022[25] - The overall gross profit decreased by approximately 1.2 million SGD or about 12.2% to approximately 8.6 million SGD for the year ended December 31, 2023, compared to approximately 9.8 million SGD for the year ended December 31, 2022[49] - The net loss for the year decreased significantly from approximately 8.7 million SGD for the year ended December 31, 2022, to approximately 1.1 million SGD for the year ended December 31, 2023, mainly due to the absence of goodwill and intangible asset impairment losses and reduced administrative expenses[54] Assets and Liabilities - Total assets as of December 31, 2023, amounted to SGD 20,961,000, slightly down from SGD 20,983,000 in 2022[9] - Current assets decreased to SGD 14,025,000 from SGD 16,376,000, primarily due to a reduction in cash and cash equivalents[9] - The company’s cash and cash equivalents were reported at SGD 1,607,000, a significant decrease from SGD 4,006,000 in the previous year[9] - The company’s non-current assets in Singapore were valued at SGD 11,414,000 in 2023, a decrease from SGD 11,671,000 in 2022[25] - The company’s trade receivables amounted to SGD 8.331 million as of December 31, 2023, slightly down from SGD 8.464 million in 2022[35] - The provision for impairment of trade receivables increased to SGD 360,000 in 2023 from SGD 203,000 in 2022[35] - The company’s trade payables were reported at SGD 4.381 million in 2023, compared to SGD 4.116 million in 2022[39] - The total borrowings as of December 31, 2023, remained at approximately 10.9 million SGD, with a debt-to-equity ratio of approximately 79.0%, down from 82.2% in the previous year, attributed to an increase in total equity by approximately 0.6 million SGD[59] - The company’s non-current liabilities decreased to SGD 7,202,000 from SGD 7,765,000, indicating improved financial stability[11] Equity and Shareholder Information - The total equity increased to SGD 13,759,000 from SGD 13,218,000, reflecting a growth of approximately 4%[11] - The weighted average number of ordinary shares used for calculating basic and diluted loss per share increased to 89,443,781 in 2023 from 74,511,419 in 2022[34] - The company has a total of 99,652,000 shares issued as of December 31, 2023, which is the basis for calculating the ownership percentages[78] - The total number of shares held by major shareholders includes 11,760,000 shares (11.8%) by Mr. Chan, and 13,107,000 shares (13.15%) by Mr. Ni and Ms. Yang[74] - The company’s shareholding structure includes 5,795,000 shares (5.82%) held by Ma You Cheng Investment Limited as a trustee[77] Operational Efficiency and Future Plans - The company plans to continue focusing on cost management and operational efficiency to enhance profitability in the upcoming fiscal year[5] - The company plans to continue exploring diverse opportunities to broaden revenue sources and enhance market share despite ongoing geopolitical risks and economic challenges[46] - The company is taking necessary actions to minimize the impact of the loss of a key management personnel in its subsidiary involved in the distribution of disinfectant and sterilization products[46] Employee and Administrative Expenses - The company reported a loss of SGD 4,141,000 in employee benefits expenses for 2023, down from SGD 4,803,000 in 2022[31] - Administrative and other operating expenses decreased by approximately 1.5 million SGD or about 19.5% to approximately 6.2 million SGD for the year ended December 31, 2023, down from approximately 7.7 million SGD for the year ended December 31, 2022, mainly due to reduced employee costs[51] - The total employee cost for the year ended December 31, 2023, was approximately 4.1 million SGD, down from 4.8 million SGD in the previous year, with the company employing 63 employees as of December 31, 2023[68] Financing and Capital Expenditures - The company’s financing costs increased to SGD 434,000 in 2023 from SGD 346,000 in 2022[27] - Financing costs increased by approximately 88,000 SGD or about 25.4% to approximately 434,000 SGD for the year ended December 31, 2023, compared to approximately 346,000 SGD for the year ended December 31, 2022, primarily due to increased bank borrowing interest expenses[52] - Capital expenditures for the year ended December 31, 2023, amounted to approximately 710,000 SGD, primarily related to the acquisition of properties, plants, and equipment[62] Share Issuance and Incentive Plans - The company issued 16,560,000 new shares at SGD 0.50 per share in July 2023, raising approximately SGD 826,000[41] - The net proceeds from the share placement on August 14, 2023, amounted to approximately 8.13 million HKD, intended for general working capital[56] - As of December 31, 2023, the net proceeds from the share issuance amounted to HKD 35,600,000, with specific allocations for expanding storage capacity, Hong Kong business, new product categories, property acquisitions, and working capital[71] - The company allocated HKD 17,400,000 for expanding storage capacity, HKD 5,900,000 for expanding its Hong Kong business, and HKD 10,300,000 for new product categories[71] - The company adopted a share incentive plan on September 14, 2021, aimed at rewarding and retaining qualified participants contributing to the group's growth[84] - 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[85] - For the year ending December 31, 2023, the potential number of shares to be issued under the plan is 7,353,356, which is 8.2% of the weighted average of 89,443,781 shares[87] - No shares were granted under the plan as of December 31, 2023[87] Governance and Compliance - The company has complied with the corporate governance code during the year ending December 31, 2023[89] - The audit committee reviewed the financial performance for the year ending December 31, 2023, ensuring compliance with applicable accounting standards and regulations[91] - The board of directors confirmed that all disclosures in the announcement are accurate and complete, with no misleading information[93] Miscellaneous - The company did not declare or recommend any dividends for the year ended December 31, 2023[33] - The company expects that the application of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on its performance and financial position[18] - There were no significant investments, acquisitions, or disposals of subsidiaries or associated companies during the fiscal year ending December 31, 2023[72] - The company did not purchase, sell, or redeem any of its listed securities during the fiscal year ending December 31, 2023[79] - As of December 31, 2023, the company had no unexercised share options under its share option scheme[82] - The share option scheme was adopted on August 30, 2017, to attract, retain, and reward eligible individuals for their contributions to the group[80] - The company has not granted, exercised, or canceled any share options during the fiscal year ending December 31, 2023[83] - The company has not engaged in any business that competes with its operations during the year ending December 31, 2023[88] - The company plans to issue its annual report, which includes all required information, at an appropriate time[92]

Financial Performance - For the three months ended September 30, 2023, the revenue was SGD 7,841,000, a decrease of 11.4% compared to SGD 8,847,000 for the same period in 2022[5] - The gross profit for the same period was SGD 2,339,000, representing a gross margin of 29.8%, compared to SGD 1,702,000 in 2022[5] - The net profit for the three months ended September 30, 2023, was SGD 583,000, compared to a loss of SGD 247,000 in the same period of 2022[5] - For the nine months ended September 30, 2023, the total revenue was SGD 23,188,000, down 8.9% from SGD 25,471,000 in 2022[5] - The net profit for the nine months ended September 30, 2023, was SGD 1,635,000, a significant improvement from a loss of SGD 652,000 in the same period of 2022[5] - The company reported a basic and diluted earnings per share of SGD 0.64 for the third quarter of 2023, compared to a loss per share of SGD 0.32 in the same quarter of 2022[5] Equity and Shareholder Information - The total equity attributable to the owners of the company as of September 30, 2023, was SGD 16,278,000, an increase from SGD 13,218,000 at the beginning of the year[6] - The company has invested approximately SGD 791,000 to acquire 5,795,000 ordinary shares under its share award plan[6] - As of September 30, 2023, the total number of shares issued was 99,652,000, with major shareholders holding significant stakes, including Mr. Chen with 11.8% and Mr. Ni with 13.15%[45] Revenue Sources and Business Focus - The company continues to focus on its core business in food and healthcare product supply, with plans for market expansion[8] - The company continues to explore diverse opportunities to broaden its revenue sources and strengthen its market share despite challenges posed by COVID-19 and geopolitical risks[29] - The company remains optimistic about its core business and is taking necessary actions to minimize impacts from recent challenges, aiming for sustainable growth and improved profitability[29] - The company is committed to promoting its brand and providing quality products while seizing opportunities across various regions[29] Costs and Expenses - Total financing costs for the nine months ended September 30, 2023, amounted to 272 thousand Singapore dollars, slightly down from 278 thousand Singapore dollars for the same period in 2022[16] - Sales and distribution costs decreased by approximately SGD 0.4 million or about 17.4% to approximately SGD 1.9 million for the nine months ended September 30, 2023, primarily due to reduced advertising and promotional expenses[34] - Administrative and other operating expenses decreased by approximately SGD 1.2 million or about 27.3% to approximately SGD 3.2 million for the nine months ended September 30, 2023[35] - Financing costs decreased by approximately SGD 6,000 or about 2.2% to approximately SGD 272,000 for the nine months ended September 30, 2023[36] Income and Other Financial Metrics - The company recorded other income of 421 thousand Singapore dollars for the nine months ended September 30, 2023, an increase from 395 thousand Singapore dollars in the same period of 2022[15] - The company incurred income tax expenses of 426 thousand Singapore dollars for the nine months ended September 30, 2023, compared to 80 thousand Singapore dollars for the same period in 2022[18] - The company reported bank interest income of 30 thousand Singapore dollars for the nine months ended September 30, 2023, compared to no income in the same period of 2022[15] Share Incentive Plans - The stock option plan adopted on August 30, 2017, aims to attract and retain qualified individuals, with a total of 1,580,000 unexercised options remaining as of September 30, 2023[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[56] - The maximum number of shares that can be awarded to any selected participant under the plan in any twelve-month period is capped at 1% of the total issued shares[58] - The potential number of shares to be issued under the plan was 7,375,000 shares, representing 11.7% of the weighted average of 85,942,989 shares issued during the period[59] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules for the nine months ended September 30, 2023[62] - The audit committee reviewed the financial statements for the nine months ended September 30, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[65] - The company has confirmed that all directors complied with the trading standards set forth in the GEM listing rules during the nine months ended September 30, 2023[63]

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） 截至二零二三年九月三十日止九個月之第三季度業績公佈 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九月三十日止九個月之未經審核簡明綜合業績。本公佈列載本 公司二零二三年第三季度業績報告全文，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」）中有關第三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，二零二三年十一月十四日 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及陸萱凌女士。 ...

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 ...