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]

Financial Performance - The company recorded total revenue of approximately SGD 32.8 million for the year ended December 31, 2021, an increase compared to the previous fiscal year[9]. - The group’s revenue increased from approximately SGD 27.4 million for the year ended December 31, 2020, to approximately SGD 32.8 million for the year ended December 31, 2021, representing a growth of about 19.4%[16]. - The company incurred a loss of approximately SGD 1.2 million for the year ended December 31, 2021, compared to a loss of approximately SGD 0.3 million for the year ended December 31, 2020[12]. - The group recorded a loss for the year of approximately SGD 1.2 million, an increase of about SGD 0.9 million from the previous year's loss of approximately SGD 0.3 million, driven by higher selling and distribution costs and increased administrative expenses[24]. Expenses and Costs - The increase in loss was primarily due to higher marketing expenses related to new product launches and increased administrative and other expenses[12]. - The cost of sales rose from approximately SGD 20.3 million to approximately SGD 25.9 million, an increase of about 27.3%, aligning with the revenue growth[17]. - The overall gross profit decreased from approximately SGD 7.1 million to approximately SGD 6.9 million, a decline of about 3.2%, with the gross profit margin dropping from approximately 26.0% to 21.1% due to rising logistics and inventory costs[18]. - Selling and distribution costs increased from approximately SGD 1.8 million to approximately SGD 3.0 million, a rise of about 71.1%, primarily due to increased marketing expenses for new product launches[19]. - Administrative and other operating expenses rose from approximately SGD 5.9 million to approximately SGD 7.2 million, an increase of about 20.5%, mainly due to amortization of intangible assets and one-time non-cash payments related to share-based payments[20]. Corporate Strategy and Governance - The company aims to expand its customer base and cultivate new customers to achieve long-term growth despite challenges posed by the COVID-19 pandemic[9]. - The company is actively seeking various business and investment opportunities to enhance shareholder returns[9]. - The company is committed to maintaining good corporate governance and effective cost control measures[9]. - The company continues to explore diverse opportunities to broaden revenue sources and increase market share[13]. - The company expresses gratitude to shareholders, investors, suppliers, business partners, and customers for their support[9]. Financial Position and Ratios - As of December 31, 2021, the group's total borrowings were approximately SGD 13.8 million, down from SGD 16.7 million in the previous year, with a debt-to-equity ratio of approximately 70.4% compared to 109.1% in the prior year[33]. - The current ratio as of December 31, 2021, was approximately 1.08, a decrease from 1.4 in the previous year, primarily due to a 10.2% increase in current liabilities[32]. - The company’s distributable reserves as of December 31, 2021, were approximately SGD 7.1 million, an increase from SGD 3.5 million in 2020[57]. Employee and Operational Information - As of December 31, 2021, the group employed 66 employees, an increase from 58 employees in 2020, with total employee costs approximately SGD 4.4 million, up from SGD 3.9 million in 2020[43]. - The group reported a contingent liability of SGD 955,000 related to performance guarantees issued to suppliers, compared to SGD 925,000 in 2020[42]. Shareholder and Dividend Information - The company did not recommend a final dividend for the year ended December 31, 2021, consistent with no dividend in 2020[54]. - The company has no predetermined dividend payout ratio, allowing the board to determine the amount and timing of dividends at their discretion[173]. - The company’s board will regularly review and reassess the dividend policy based on financial performance and market conditions[173]. Risk Management and Compliance - The company faces business risks related to the retention of major customers and inventory management[113]. - The board of directors is responsible for overseeing the risk management and internal control systems, which are deemed effective and sufficient for the year ended December 31, 2021[161]. - The company has established a three-tier risk management approach to identify, assess, and manage various types of risks[160]. - The company has adhered to all applicable laws and regulations without any significant violations during the year ended December 31, 2021[109]. Board and Management - The board of directors consists of two executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2021[130]. - The company has been expanding its board with experienced professionals to enhance governance and oversight[182]. - The company appointed Mr. Cai Wei-tang as a non-executive director and vice chairman on January 22, 2021, bringing over 21 years of project management experience[179]. Audit and Financial Reporting - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2021[189]. - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[190]. - The audit committee reviewed the group's financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[138]. Internal Controls and Transparency - The company has implemented internal controls for the timely release of insider information to the public, ensuring stakeholders have access to the latest data[165]. - The company emphasizes high transparency to enhance investor relations and commits to timely disclosure of business and financial performance through annual, interim, and quarterly reports[168].

Financial Performance - For the three months ended September 30, 2021, the revenue was SGD 7,534,000, a 1.2% increase from SGD 7,446,000 in the same period of 2020[6] - The gross profit for the same period was SGD 1,849,000, representing a 20.4% increase compared to SGD 1,536,000 in 2020[6] - The net profit for the three months ended September 30, 2021, was SGD 1,365,000, compared to a loss of SGD 101,000 in the same period of 2020[6] - For the nine months ended September 30, 2021, the total revenue was SGD 21,921,000, an increase of 6.6% from SGD 20,557,000 in 2020[6] - The net profit for the nine months ended September 30, 2021, was SGD 1,653,000, compared to a loss of SGD 159,000 in the same period of 2020[6] - Basic and diluted earnings per share for the three months ended September 30, 2021, was SGD 2.91, compared to a loss of SGD 0.33 in 2020[6] - Basic earnings per share for the nine months ended September 30, 2021, was approximately SGD 0.044, compared to a loss per share of SGD 0.005 in the same period of 2020[22] - The company reported a profit of approximately SGD 1.7 million for the nine months ended September 30, 2021, compared to a loss of approximately SGD 0.2 million for the same period in 2020[38] Income and Expenses - The company reported other income of SGD 1,462,000 for the three months ended September 30, 2021, significantly up from SGD 212,000 in the same period of 2020[6] - The company recorded rental income from investment properties of SGD 325,000 for the nine months ended September 30, 2021, compared to SGD 276,000 in the same period of 2020[18] - The company incurred financing costs of SGD 473,000 for the nine months ended September 30, 2021, down from SGD 577,000 in the same period of 2020[19] - The company’s total other income for the nine months ended September 30, 2021, was SGD 2.907 million, significantly higher than SGD 0.608 million in the same period of 2020[18] - Cost of sales rose by approximately SGD 0.6 million or about 3.9% to approximately SGD 16.5 million for the same period, in line with revenue growth[32] - Administrative and other operating expenses increased by approximately SGD 1.3 million or about 38.8% to approximately SGD 4.8 million, primarily due to expansion-related costs and share option expenses[35] - Financing costs decreased by approximately SGD 0.1 million or about 18.0% to approximately SGD 0.5 million, mainly due to reduced bank borrowing interest expenses[37] Equity and Liabilities - The company’s total equity attributable to owners as of September 30, 2021, was SGD 23,199,000, an increase from SGD 15,658,000 at the beginning of the year[8] - The company’s total liabilities related to performance bonds increased to SGD 966,000 as of September 30, 2021, from SGD 600,000 in 2020[26] Corporate Actions - The company did not declare any dividends for the nine months ended September 30, 2021, consistent with the previous year[25] - The company raised approximately HKD 8.3 million from the placement of 120,000,000 new shares at HKD 0.071 per share, intended for debt repayment[39] - The company completed a rights issue on August 23, 2021, raising approximately HKD 17.7 million, with the net proceeds primarily used for debt repayment[43] - As of September 30, 2021, the net proceeds from the rights issue were utilized as planned, with HKD 16.3 million used for debt repayment[44] - No significant investments, acquisitions, or disposals of subsidiaries or associates were reported for the nine months ended September 30, 2021[45] Shareholder Information - As of September 30, 2021, the total number of issued ordinary shares was 58,320,000, with significant shareholdings by Mr. Chen Shao Yi (16.78%) and Mr. Ni Chao Xiang (11.44%)[47] - The total number of shares held by major shareholders includes 5,800,000 shares (9.95%) held by Yang Lian Na[50] Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules, ensuring shareholder rights and enhancing corporate value[62] - All directors confirmed compliance with the trading standards set forth in GEM listing rules, with no non-compliance incidents reported for the nine months ending September 30, 2021[63] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2021, ensuring compliance with applicable accounting standards and full disclosure[65] Employee Incentives - A stock option plan was adopted on August 30, 2017, allowing the company to grant options to attract and retain qualified individuals, with a total of 57,600,000 options granted as of September 30, 2021[54] - No stock options were granted, exercised, canceled, or expired during the nine months ended September 30, 2021[57] - A share award plan was adopted on September 14, 2021, aimed at rewarding and incentivizing eligible participants for their contributions to the group's growth, with no awards granted as of September 30, 2021[58] - The company aims to attract and retain suitable talent through the share award plan to promote further development[58] - The stock option plan is designed to enhance the interests of the company and its shareholders by incentivizing contributions from qualified individuals[53]

Financial Performance - For the three months ended June 30, 2021, revenue was SGD 7,227,000, representing an increase of 10.6% compared to SGD 6,538,000 for the same period in 2020[4] - Gross profit for the six months ended June 30, 2021, was SGD 3,534,000, up 13.7% from SGD 3,109,000 in the same period of 2020[4] - The net loss for the three months ended June 30, 2021, was SGD 596,000, compared to a loss of SGD 77,000 in the same period of 2020[4] - For the six months ended June 30, 2021, the company reported a revenue of SGD 14,387,000, an increase of 9.7% compared to SGD 13,111,000 for the same period in 2020[17] - The company reported a total financing cost of SGD 372,000 for the six months ended June 30, 2021, compared to SGD 367,000 in the same period of 2020[20] - The group recorded a profit of approximately SGD 0.29 million for the six months ended June 30, 2021, compared to a loss of approximately SGD 58,000 for the same period in 2020, mainly due to gains from the sale of investment properties[66] Assets and Liabilities - Total assets as of June 30, 2021, were SGD 18,530,000, an increase from SGD 18,402,000 as of December 31, 2020[6] - Current liabilities increased to SGD 16,079,000 as of June 30, 2021, from SGD 9,981,000 as of December 31, 2020[6] - The total equity attributable to owners of the company increased to SGD 18,023,000 as of June 30, 2021, from SGD 15,347,000 as of December 31, 2020[6] - The company's total trade receivables as of June 30, 2021, amounted to SGD 5.95 million, up from SGD 5.09 million as of December 31, 2020, indicating a 16.9% increase[33] - The total trade payables increased to SGD 2.79 million as of June 30, 2021, compared to SGD 2.13 million as of December 31, 2020, reflecting a 30.8% rise[34] - As of June 30, 2021, the group's total borrowings amounted to approximately SGD 19.9 million, with a debt-to-equity ratio of approximately 110.3%[72] Cash Flow - The net cash used in operating activities was SGD 209,000, a significant decrease from the net cash generated of SGD 1,031,000 in the same period last year[11] - The company recorded a net cash inflow from investing activities of SGD 2,099,000, compared to a cash outflow of SGD 35,000 in the previous year[11] - The financing activities resulted in a net cash outflow of SGD 2,703,000, which is an increase from the outflow of SGD 820,000 in the same period of 2020[11] - The total cash and cash equivalents decreased to SGD 5,105,000 at the end of the period from SGD 6,093,000 at the end of the previous period[11] Operational Highlights - The company plans to continue exploring new product development and market expansion strategies to enhance future performance[2] - The company recognized a loss of SGD 1,145,000 from the sale of investment properties during the six months ended June 30, 2021[19] - The company’s inventory increased by SGD 138,000 compared to an increase of SGD 698,000 in the same period last year[11] - The company’s depreciation expenses for property, plant, and equipment increased to SGD 0.89 million for the six months ended June 30, 2021, from SGD 0.70 million in the same period of 2020, marking a 27% increase[22] - The company acquired a subsidiary for SGD 148,000 during the reporting period[11] Shareholder and Governance - Major shareholders include Ma You Cheng Investment Limited and Roma Group Limited, each holding 19,440,000 shares, representing 33.33% of the total shares[90] - As of June 30, 2021, the company’s directors and key executives collectively hold 7,200,000 shares each, representing 0.94% of the total shares[85] - The company adopted a share option scheme on August 30, 2017, aimed at attracting and retaining qualified individuals[92] - The company has complied with the corporate governance code as per GEM Listing Rules during the six months ending June 30, 2021[102] - The audit committee reviewed the interim report and financial statements for the six months ending June 30, 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[104] Future Outlook - The company plans to leverage its existing network in the food supply business to enter the disinfection and sterilization product market, aiming to increase and diversify its revenue sources[56] - The company remains optimistic about its core business despite challenges posed by the COVID-19 pandemic and is committed to exploring diverse opportunities for sustainable growth[56] - The company anticipates that the unutilized net proceeds will be used before the end of 2021 due to a slowdown in market demand in the shipping supply industry[83]

Financial Performance - For the three months ended March 31, 2021, Cool Link (Holdings) Limited reported revenue of SGD 7,160,000, an increase of 8.9% compared to SGD 6,573,000 for the same period in 2020[4] - The gross profit for the same period was SGD 1,723,000, representing a gross margin of 24.1%, compared to SGD 1,671,000 in 2020[4] - The company recorded a profit before tax of SGD 915,000, a substantial increase from SGD 48,000 in the previous year[4] - The net profit attributable to owners of the company for the period was SGD 885,000, compared to SGD 23,000 in the same period last year[4] - Basic and diluted earnings per share for the period were SGD 0.14, up from SGD 0.004 in 2020[4] - The overall profit for the three months ended March 31, 2021, was approximately SGD 884,000, a significant increase from SGD 19,000 in the same period of 2020, primarily due to gains from the sale of investment properties[30] Income and Expenses - Other income and gains increased significantly to SGD 1,324,000 from SGD 169,000 year-on-year, primarily due to gains from the sale of investment properties[12] - Financing costs decreased to SGD 140,000 from SGD 165,000, reflecting improved cost management[13] - The company’s administrative and other operating expenses rose to SGD 1,591,000 from SGD 1,196,000, indicating increased operational costs[4] - Administrative and other operating expenses increased by approximately SGD 0.4 million or 33.0% to approximately SGD 1.6 million, primarily due to increased salaries and operating expenses[27] - Financing costs decreased by approximately SGD 25,000 or 15.2% to approximately SGD 140,000, mainly due to reduced bank borrowing interest expenses[29] Equity and Liabilities - The total equity attributable to owners of the company increased to SGD 17,706,000 as of March 31, 2021, from SGD 15,735,000 at the end of the previous year[5] - The company has contingent liabilities of SGD 925,000 related to performance bonds for certain suppliers, an increase from SGD 550,000 in the previous year[18] Business Strategy and Developments - Cool Link (Holdings) Limited continues to focus on its core business in food supply while exploring opportunities for market expansion and new product development[8] - The company completed the acquisition of a company engaged in the distribution of disinfectant and sterilization products for HKD 45 million (approximately SGD 7.8 million) on January 15, 2021, to expand its revenue sources[21] Shareholder Information - The company did not declare any dividends for the three months ended March 31, 2021, consistent with the previous year[17] - The company issued 120,000,000 new shares at HKD 0.071 per share, raising approximately HKD 8.3 million for repaying interest-bearing notes[31] Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the three-month period ending March 31, 2021[42] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three-month period ending March 31, 2021[45] - As of March 31, 2021, there were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three-month period[38] - The company has not granted, exercised, expired, or cancelled any share options under the share option scheme during the three-month period ending March 31, 2021[40]

Financial Performance - The total revenue for the year ended December 31, 2020, was approximately SGD 27.4 million, an increase of about SGD 3.6 million or 15.2% compared to SGD 23.8 million in the previous year[15]. - The group recorded a loss of approximately SGD 0.3 million for the year ended December 31, 2020, a decrease from a loss of approximately SGD 0.9 million in the previous year[10]. - Gross profit increased by approximately SGD 1.1 million, contributing to the reduction in loss[10]. - The overall gross profit increased by approximately SGD 1.1 million or about 17.6% to approximately SGD 7.2 million for the year ended December 31, 2020, compared to SGD 6.1 million for the year ended December 31, 2019[17]. - The overall gross profit margin remained stable at approximately 25.5% and 26.0% for the years ended December 31, 2019, and December 31, 2020, respectively[17]. - The net loss for the year decreased by approximately SGD 0.6 million or about 65.0% to approximately SGD 0.3 million for the year ended December 31, 2020, from SGD 0.9 million for the year ended December 31, 2019[22]. - Revenue for the year ended December 31, 2020, was SGD 27,441,000, an increase of 15.0% from SGD 23,825,000 in 2019[189]. - Gross profit for 2020 was SGD 7,135,000, representing a gross margin of 26.0%, compared to SGD 6,066,000 and a margin of 25.4% in 2019[189]. - The company reported a basic and diluted loss per share of SGD 0.06 for 2020, improved from SGD 0.14 in 2019[189]. - The total comprehensive income for the year ended December 31, 2020, was a loss of SGD 1,911,000, compared to a loss of SGD 883,000 in 2019, indicating a significant decline in performance[197]. Cost Management - Other income rose by approximately SGD 0.2 million, while selling and distribution costs decreased by approximately SGD 0.2 million[10]. - Selling costs increased by approximately SGD 2.5 million or 14.3%, reaching about SGD 20.3 million for the year ended December 31, 2020[16]. - Selling and distribution costs decreased by approximately SGD 0.2 million or about 9.6% to approximately SGD 1.7 million for the year ended December 31, 2020, from SGD 1.9 million for the year ended December 31, 2019[17]. - Administrative and other operating expenses increased by approximately SGD 0.9 million or about 16.8% to approximately SGD 6.0 million for the year ended December 31, 2020, from SGD 5.1 million for the year ended December 31, 2019[18]. Business Strategy and Expansion - The company plans to continue expanding its customer base and exploring new business and investment opportunities despite challenges posed by the COVID-19 pandemic[10]. - The acquisition of a company engaged in the distribution of disinfectant and sterilization products is expected to be completed in the first quarter of 2021[13]. - The increase in revenue was primarily driven by higher demand from customers in the marine supply sector[15]. - The company is taking necessary actions to minimize the impact of the pandemic on its core business and ensure the safety of its employees and partners[13]. - The company aims to maintain good corporate governance and effective cost control to maximize returns for shareholders[10]. Financial Position and Ratios - The total borrowings as of December 31, 2020, amounted to approximately SGD 16.7 million, an increase from SGD 15.0 million as of December 31, 2019[25]. - The debt-to-equity ratio increased to approximately 109.1% as of December 31, 2020, from 95.8% as of December 31, 2019, primarily due to an increase in payables by approximately SGD 2.2 million[25]. - The current ratio decreased to approximately 1.4 times as of December 31, 2020, down from 2.3 times in 2019, mainly due to a 91.0% increase in current liabilities[24]. - The company's total equity attributable to owners decreased to SGD 15,332,000 as of December 31, 2020, down from SGD 17,569,000 at the beginning of 2019, showing a decline in shareholder value[197]. Shareholder Information - The company did not recommend a final dividend for the year ending December 31, 2020, consistent with the previous year[43]. - The company’s reserves available for distribution to shareholders as of December 31, 2020, were approximately SGD 3.5 million, down from SGD 4.2 million in 2019[46]. - The company has adopted a general dividend policy, considering actual and expected financial performance, economic conditions, and other factors when proposing dividends[156]. - Shareholders can propose independent resolutions at the annual general meeting to safeguard their rights and interests[148]. Corporate Governance - The company aims to maintain good corporate governance and effective cost control to maximize returns for shareholders[10]. - The board of directors consists of 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, with no significant relationships among them[117]. - The company has complied with all applicable code provisions of the Corporate Governance Code as of December 31, 2020[111]. - The company has established specific committees, including the audit committee, remuneration committee, and nomination committee, to oversee specific aspects of the company's affairs[122]. - The company has purchased liability insurance for its directors to provide protection against any legal liabilities arising from their duties[115]. - The company has established a clear separation of roles between the chairman and the CEO to balance power distribution[112]. Risk Management - The company faces risks related to the retention of major customers, which could adversely affect its business and operating performance[100]. - The company is exposed to financial risks related to foreign currency, interest rates, credit, and liquidity in its daily operations[102]. - The board is responsible for overseeing the risk management and internal control systems, which are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatements or losses[141]. - The internal control system is reviewed continuously by the board and the audit committee, with a three-tier risk management approach adopted to identify, assess, and manage various types of risks[142]. - As of December 31, 2020, the risk management and internal control systems were deemed effective and adequate by the board and audit committee, based on independent consultant reports[144]. Management and Team - The company was co-founded in March 2001 by Mr. Chen and Mr. Ni, who currently serve as the Executive Director and CEO respectively[158]. - The company has a strong management team with diverse backgrounds in project management, accounting, and marketing, enhancing its operational capabilities[162][163][166]. - The management team includes individuals with extensive experience in financial management and strategic planning, contributing to the company's overall strategy[168]. - The board of directors includes independent non-executive members with significant expertise in finance and marketing, ensuring robust governance[163][167]. Audit and Compliance - The company appointed Crowe (HK) CPA Limited as its auditor to fill the vacancy left by the resignation of the previous auditor, with the financial statements for the year ended December 31, 2020, audited by Crowe[109]. - The audit committee reviewed and discussed the group's quarterly, interim, and annual financial statements, concluding that the consolidated financial statements for the year ended December 31, 2020, comply with applicable accounting standards and GEM Listing Rules[124]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2020, in accordance with Hong Kong Financial Reporting Standards[173]. - The auditor's responsibility includes obtaining reasonable assurance that the consolidated financial statements are free from material misstatement[183].

Financial Performance - For the three months ended September 30, 2020, the revenue was SGD 7,446,000, representing a 25.5% increase from SGD 5,916,000 in the same period of 2019[6]. - The gross profit for the same period was SGD 1,536,000, which is a 2.8% increase compared to SGD 1,494,000 in 2019[6]. - The total comprehensive loss for the three months ended September 30, 2020, was SGD 101,000, compared to a profit of SGD 133,000 in the same period of 2019[6]. - For the nine months ended September 30, 2020, the revenue increased to SGD 20,557,000, up 19.5% from SGD 17,194,000 in 2019[6]. - The gross profit for the nine months was SGD 4,645,000, a 5.8% increase from SGD 4,389,000 in the previous year[6]. - The net loss attributable to owners for the nine months was SGD 156,000, compared to a loss of SGD 323,000 in the same period of 2019[6]. - The basic and diluted loss per share for the three months was SGD (0.02), compared to a profit of SGD 0.02 in 2019[6]. - The company recorded a loss of SGD 156,000 for the nine months ended September 30, 2020, which is an improvement from a loss of SGD 323,000 in the same period of 2019, indicating a reduction in losses by approximately 51.7%[24]. - The company’s basic loss per share for the nine months ended September 30, 2020, was SGD 0.00026, an improvement from SGD 0.00054 in the same period of 2019[24]. Income and Expenses - The company reported other income and gains of SGD 212,000 for the three months, down from SGD 395,000 in the same period of 2019[6]. - The total administrative and other operating expenses for the three months were SGD 1,168,000, an increase from SGD 1,086,000 in 2019[6]. - Interest expenses for the nine months ended September 30, 2020, totaled SGD 577,000, which is a 86.3% increase from SGD 310,000 in the same period of 2019[21]. - The company’s financing costs increased significantly, with borrowing interest rising to SGD 398,000 for the nine months ended September 30, 2020, compared to SGD 241,000 in the same period of 2019[21]. - The company’s total other income for the nine months ended September 30, 2020, was SGD 608,000, an increase from SGD 467,000 in the same period of 2019[20]. - Selling and distribution costs decreased by approximately SGD 0.2 million or 13.3% to approximately SGD 1.3 million, attributed to improved distribution channel efficiency[35]. - Administrative and other operating expenses increased by approximately SGD 0.2 million or 6.1% to approximately SGD 3.5 million, primarily due to increased depreciation from the relocation to expanded warehouse and production facilities[37]. - Financing costs increased by approximately SGD 0.3 million or 86.1% to approximately SGD 0.6 million, mainly due to higher lease liabilities and bank borrowing interest expenses[38]. Government Support and Investments - The company received government grants amounting to SGD 371,000 for the nine months ended September 30, 2020, compared to SGD 28,000 in the same period of 2019, reflecting a significant increase in support[20]. - The company has not made any significant investments, acquisitions, or disposals of subsidiaries and associates during the nine months ended September 30, 2020[28]. - The company did not declare any dividends for the nine months ended September 30, 2020, consistent with the previous year[26]. - As of September 30, 2020, the company did not engage in any purchase, sale, or redemption of its listed securities during the nine months[45]. - The company has not granted any share options under the share option scheme since its adoption on August 30, 2017, with no options granted, exercised, cancelled, or lapsed[47]. Business Operations and Strategy - The company continues to focus on its core food supply business while exploring potential market expansion opportunities[10]. - The company continues to supply food to ship chandlers, retailers, and the food service industry, maintaining its operational capabilities despite the challenges posed by COVID-19[29]. - The company aims to promote its brand and capture business opportunities despite challenges posed by COVID-19 and market competition[30]. - The acquisition of a new property in Singapore in March 2018 is expected to lower third-party warehouse rental costs and improve financial performance[30]. - The company is actively seeking new business opportunities to maximize overall benefits for shareholders while contributing to society in the fight against COVID-19[30]. Compliance and Governance - The company maintained compliance with the corporate governance code as per GEM Listing Rules Appendix 15 throughout the nine months ending September 30, 2020[49]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2020[53].

Financial Performance - For the six months ended June 30, 2020, revenue increased to SGD 13,111,000, up 16.3% from SGD 11,278,000 in the same period of 2019[5] - Gross profit for the six months was SGD 3,109,000, representing a 7.4% increase compared to SGD 2,895,000 in 2019[5] - The net loss for the six months was SGD 58,000, a significant improvement from a loss of SGD 450,000 in the same period last year[5] - The company reported a basic and diluted loss per share of SGD 0.01 for the six months ended June 30, 2020, compared to SGD 0.08 in the same period of 2019[5] - The company reported a decrease in trade payables by SGD 225,000 for the six months ended June 30, 2020, compared to a decrease of SGD 380,000 in the same period of 2019[11] - The company incurred a loss before tax of 55,000 SGD for the six months ended June 30, 2020, compared to a loss of 457,000 SGD in the same period of 2019, indicating an improvement in financial performance[27] - The group recorded a loss of approximately SGD 58,000 for the six months ended June 30, 2020, compared to a loss of approximately SGD 0.5 million for the same period in 2019[55] Assets and Liabilities - Total assets as of June 30, 2020, were SGD 29,380,000, a decrease from SGD 30,069,000 at the end of 2019[6] - Current assets increased to SGD 15,300,000 from SGD 15,486,000 at the end of 2019, with cash and cash equivalents at SGD 6,093,000[6] - Non-current liabilities decreased to SGD 13,780,000 from SGD 14,411,000 at the end of 2019[7] - The company maintained a stable equity position with total equity at SGD 15,600,000 as of June 30, 2020, slightly down from SGD 15,658,000 at the end of 2019[7] - The company’s total bank borrowings amounted to 10,155,000 SGD as of June 30, 2020, slightly down from 10,458,000 SGD as of December 31, 2019[31] - The total borrowings as of June 30, 2020, amounted to approximately SGD 14.6 million, with a debt-to-equity ratio of approximately 93.3%[58] Cash Flow - For the six months ended June 30, 2020, the company reported a cash flow from operating activities of SGD 1,031,000, compared to SGD 456,000 for the same period in 2019, representing an increase of 126%[11] - The company experienced a decrease in cash and cash equivalents, with a net increase of SGD 176,000 for the six months ended June 30, 2020, compared to a decrease of SGD (799,000) in the same period of 2019[13] - The company’s cash flow from operating activities before changes in working capital was SGD 1,357,000, compared to SGD 658,000 in the same period of 2019, indicating a growth of 106.5%[11] Expenses - The company’s depreciation expenses for property, plant, and equipment increased to SGD 702,000 in 2020 from SGD 465,000 in 2019, marking a rise of 50.9%[11] - The company’s interest expenses increased to SGD 367,000 in 2020 from SGD 208,000 in 2019, representing a rise of 76.4%[11] - Administrative and other operating expenses increased by approximately SGD 0.1 million or about 2.5% to approximately SGD 2.3 million for the six months ended June 30, 2020, primarily due to increased depreciation from expanded warehouse and production facilities[53] - Financing costs rose by approximately SGD 0.2 million or about 76.4% to approximately SGD 0.4 million for the six months ended June 30, 2020, mainly due to increased lease liabilities financing costs and bank borrowing interest expenses[54] Inventory and Receivables - Inventory increased to SGD 3,500,000 from SGD 2,830,000 at the end of 2019, indicating a 23.6% rise[6] - Trade receivables decreased to SGD 4,997,000 from SGD 6,254,000, reflecting a 20.1% decline[6] - The company reported a total of 5,041,000 SGD in trade receivables as of June 30, 2020, down from 6,298,000 SGD as of December 31, 2019, indicating a decrease in outstanding customer payments[30] Shareholder Information - As of June 30, 2020, the company has a total of 302,000,000 shares held by major shareholders, representing approximately 50.33% of the total equity[70] - Major shareholders include Packman Global, which holds 302,000,000 shares, representing 50.33% of the equity[72] - The company’s shareholding structure indicates that the executive directors collectively control a significant portion of the shares through Packman Global[70] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 for the six months ending June 30, 2020[79] - All directors confirmed compliance with the trading standards for securities transactions as per GEM Listing Rules from January 1, 2020, to June 30, 2020[80] - The audit committee, established according to the corporate governance code, consists of three independent non-executive directors and one non-executive director, with specific responsibilities including reviewing financial statements and overseeing risk management[81] Strategic Initiatives - The company aims to promote its brand and provide quality products while seeking business and investment opportunities in response to the challenges posed by COVID-19[47] - The company believes that the expansion of its warehouse and production facilities in Singapore will help launch new product lines and reduce third-party warehouse rental costs, thereby improving financial performance[47] - The company continues to seek new business opportunities to maximize overall benefits for itself and its shareholders while fulfilling its corporate social responsibility during the pandemic[47] Events and Transactions - The company entered into a purchase agreement on April 8, 2020, to acquire 49% equity in a target company for HKD 20,000,000, which operates tea and related product stores in Hong Kong[78] - The group has entered into several agreements related to the acquisition of companies involved in distributing disinfectant products and developing online medical services, pending the fulfillment of conditions[63] - The company did not declare any dividends for the six months ended June 30, 2020, consistent with the previous year[28] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended June 30, 2020[74] - The company has not disclosed any new strategies or product developments in the interim report[71] - The company reported no significant events affecting its operations from June 30, 2020, to the date of the interim report[78] - The company has no known competition or conflicts of interest involving its directors or major shareholders during the reporting period[77] - The company’s directors and senior management have no other interests in the company’s shares or related securities as of June 30, 2020[73]