Financial Performance - Revenue for the three months ended March 31, 2023, was HKD 31,143,000, representing a significant increase of 131.9% compared to HKD 13,447,000 for the same period in 2022[5] - Gross profit for the same period was HKD 23,017,000, up 167.5% from HKD 8,618,000 year-on-year[5] - The company reported a profit before tax of HKD 5,531,000, a decrease of 13.0% from HKD 6,355,000 in the previous year[5] - Basic and diluted earnings per share for the period were HKD 3.20, down from HKD 3.68 in the same quarter of 2022[5] - The company's profit attributable to owners for the three months ended March 31, 2023, was HKD 5,531,000, a decrease of approximately 13.0% compared to HKD 6,355,000 for the same period in 2022[33] - The overall comprehensive income for the three months ended March 31, 2023, was HKD 5,388,000, a decrease of approximately 18.7% from HKD 6,628,000 in the same period of 2022[39] - The company reported a foreign exchange loss of HKD 143,000 for the first quarter of 2023, compared to no such loss in the same period of 2022[39] Employee Costs - Employee costs increased to HKD 9,761,000, compared to HKD 8,523,000 in the prior year, reflecting a rise of 14.5%[5] - Employee costs rose to approximately HKD 9.8 million in Q1 2023, an increase of about 15.3% from HKD 8.5 million in Q1 2022, due to the full operation of the company's three restaurants[90] - Employee costs for the three months ended March 31, 2023, amounted to approximately HKD 9.8 million, with a total of 112 employees[125] Operating Expenses - The total operating expenses, including financial costs, amounted to HKD 4,276,000, compared to HKD 4,019,000 in the previous year[5] - Operating expenses increased slightly by approximately 7.5% to about HKD 4,300,000 in the first quarter of 2023, compared to approximately HKD 4,000,000 in the first quarter of 2022, driven by higher operational costs from three restaurants[72] - Rental and related expenses increased by approximately HKD 0.4 million or 20.0% to about HKD 2.4 million in Q1 2023, due to the absence of rental concessions and government subsidies[115] Government Grants and Subsidies - The company did not recognize any government grants in the current period, compared to HKD 1,800,000 received in the same period last year related to COVID-19 subsidies[29] - Other income and net gains decreased significantly by approximately 99.8% to about HKD 3,000 for the first quarter of 2023, down from approximately HKD 1,800,000 in the first quarter of 2022, primarily due to the absence of government subsidies[70] Strategic Focus and Operations - The company continues to focus on its core business of operating and managing restaurants, with no new product launches or significant market expansions reported in this quarter[9] - The company’s strategic focus remains on enhancing customer experience and expanding its restaurant operations in prime locations[56] - The company has launched a series of dining promotions and discounts to attract customers, anticipating an improvement in the outlook for its existing restaurants[83] - The company has implemented cost control measures and improved operational performance in its restaurants, contributing to the positive financial results[92] Dividends - The company did not recommend any dividend for the three months ended March 31, 2023, consistent with no dividend declared in the same period of 2022[52] - The board of directors did not recommend any dividend payment for the three months ended March 31, 2023[99] Compliance and Governance - The company has confirmed compliance with the corporate governance code during the three months ended March 31, 2023[146] - The company has made necessary adjustments to its corporate governance practices to align with GEM Listing Rules after recent board changes[165] - The audit committee was established on December 15, 2017, and its current chairman is independent non-executive director Mr. Cui Zhiren[146] - The company has adopted the trading standards outlined in GEM Listing Rules sections 5.48 to 5.67 as a code of conduct for securities transactions by directors[146] Legal Matters - The company has received claims totaling HKD 453,200 from Blooming (HK) Business Limited for unpaid contractual amounts[151] - The company has also received a claim of HKD 1,500,000 from Fubi Capital Limited for unpaid contractual amounts[152] - The company is currently involved in litigation with Chen Fung Wu Law Firm, seeking HKD 366,000 for unpaid contractual amounts[153] - The company will make further disclosures as necessary regarding ongoing legal matters[160] Future Outlook - The group remains optimistic about the overall economic and business environment in Hong Kong for the second half of 2023, despite restaurant closures in 2022[118] - The group plans to continue maintaining prudent cost control measures and is actively seeking alternative investment opportunities to diversify its restaurant portfolio[118] - The company continues to manage its cash reserves prudently to prepare for future growth opportunities[96] Accounting Standards - The company has not applied any new accounting standards that have been issued but not yet effective, and is currently assessing their potential impact[24] - The unaudited condensed consolidated financial statements for the three months ended March 31, 2023, have been reviewed by the audit committee and are deemed to comply with applicable accounting standards and GEM Listing Rules[148] Capital Structure - The group has no major changes in its capital structure since its listing on the GEM[119] - The group has no significant plans for major investments or capital assets as of March 31, 2023[121] Currency Risks - The company has not experienced significant risks related to currency fluctuations, as most income and expenses are denominated in HKD and RMB[122]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Dragon King Group Holdings Limited 龍 皇 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8493） 截至二零二三年三月三十一日止三個月之 第一季度業績公告 及 恢復買賣 龍皇集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）宣佈本集團截至二零二三年三月三十一日止三個月之未經審核綜 合季度業績。本公告載有本公司二零二三年第一季度報告全文（「二零二三年第一 季度報告」）並遵守香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」） 中有關季度業績初步公告隨附資料的相關規定。二零二三年第一季度報告的印刷 本將於適當的時候按GEM上市規則規定的方式寄發予本公司股東，並將於聯交所 網站www.hkexnews.hk及本公司網站www.dragonkinggroup.com可供查閱。 ...

Financial Performance and Liabilities - The company's net loss attributable to owners for the year ended December 31, 2022, was approximately HKD 5.3 million[31] - As of December 31, 2022, the company's current liabilities exceeded its current assets by approximately HKD 136.0 million[31] - The company's net liabilities as of December 31, 2022, were approximately HKD 107.2 million[31] - The company's total current interest-bearing borrowings as of December 31, 2022, were approximately HKD 60.8 million[31] - The company's cash and cash equivalents as of December 31, 2022, were approximately HKD 4.9 million[31] - The company recorded a net loss attributable to owners of approximately HK$5,295,000 for the year ended December 31, 2022, with current liabilities exceeding current assets by approximately HK$135,994,000[118] - The company's total interest-bearing borrowings as of December 31, 2022, were approximately HK$60,771,000, with cash and cash equivalents of only HK$4,881,000[118] - The company's operating cash flow before working capital changes was a negative HKD 10.845 million in 2022, compared to a positive HKD 223 thousand in 2021[129] - The company's net cash used in operating activities was HKD 4.283 million in 2022, down from HKD 29.063 million generated in 2021[129] - Net cash from investing activities was HKD 2.316 million in 2022, slightly higher than HKD 1.969 million in 2021[129] - Net cash from financing activities was HKD 516 thousand in 2022, a significant improvement from a negative HKD 36.371 million in 2021[130] - The company's cash and cash equivalents decreased by HKD 1.451 million in 2022, less than the HKD 5.339 million decrease in 2021[130] - Total revenue for the reporting period was HKD 79,469,000, a significant decrease from HKD 224,193,000 in 2021[180] Audit and Internal Controls - The company's external auditor provided audit services costing HKD 1,500 and non-audit services costing HKD 340 during the year[31] - The company's audit committee reviewed the consolidated financial statements for the year ended December 31, 2022, and found them to comply with applicable accounting standards and GEM Listing Rules[21] - The company has not yet established an internal audit function as of December 31, 2022, but the audit committee and board of directors have reviewed the internal control review report prepared by an independent consulting firm and communicated with the external auditor regarding any significant control deficiencies identified during the financial statement audit process[36] - The company has a policy to provide guidance to directors, employees, and relevant staff to ensure appropriate safeguards are in place to prevent violations of statutory disclosure requirements, including internal controls and reporting systems to identify and assess potential insider information[37] Corporate Governance and Board Composition - The company's remuneration committee reviewed the remuneration of directors and senior management for the year ended December 31, 2022, and deemed it fair and reasonable[18] - The company's board of directors includes a balance of skills and experience, considering the nature of the group's business[11] - The company's nomination committee will disclose the board composition annually and monitor the implementation of the board diversity policy[25] Business Operations and Awards - The company operates five full-service Cantonese restaurants under its own brand in Hong Kong, focusing on providing high-quality dishes, services, and a comfortable dining environment[42] - The company has diversified its business and revenue sources over the years and has received multiple awards, including being listed in the "Michelin Guide - Hong Kong • Macau" and winning the "Best of the Best Culinary Awards"[42] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to maintaining high standards in environmental protection, social responsibility, and governance, and discloses its sustainability performance transparently and publicly[67] - The company's Environmental, Social, and Governance (ESG) report reflects its performance in environmental management and social responsibility from January 1, 2022, to December 31, 2022, and is published annually to enhance transparency and accountability[68] - The company's total greenhouse gas emissions for the reporting period were 1,855 tons, with Scope 1 emissions at 14.47 tons and Scope 2 emissions at 1,802.52 tons[85] - The company implemented measures to reduce vehicle emissions, including avoiding peak traffic hours, encouraging public transport, and carpooling among employees[82] - The company's greenhouse gas emissions per unit of restaurant floor area were 0.51 tons, showing a decrease from the previous period's 0.45 tons[85] - The company has established a dedicated team to manage environmental, social, and governance (ESG) issues across its business units[93] - The company engages with stakeholders through various channels, including annual reports, meetings, and customer surveys, to address concerns and improve performance[97] - The company's ESG report includes data on emissions from vehicle use and business operations, with a focus on reducing environmental impact[80] - The company's ESG strategy includes measures to minimize environmental impact, with the board responsible for ensuring policy effectiveness[70] - The company's ESG report follows the principles of materiality, quantification, balance, and consistency as outlined by the Hong Kong Stock Exchange[71] - The company's ESG initiatives include reducing emissions from energy use, waste management, and business travel, with a focus on sustainability[84] - The company significantly reduced vehicle usage in 2022, leading to an 84% decrease in NOx emissions, a 67% decrease in SOx emissions, and a 70% decrease in PM emissions compared to the previous fiscal year[105] - The company has implemented various environmental policies and energy-saving measures in its restaurants and headquarters to mitigate climate change risks[100] - The company has established a comprehensive data collection system to strictly control greenhouse gas emissions, monitoring monthly vehicle usage for optimal efficiency[108] - The company's greenhouse gas emissions primarily come from vehicle usage, electricity consumption, gas usage, and employee business air travel[107] - The company has not violated any environmental laws or regulations in its operating regions and has not incurred significant fines, non-monetary penalties, or litigation related to environmental protection[104] - The company is focusing on reducing emissions from its operations, engaging suppliers to reduce emissions in the supply chain, and advocating for collective action to enhance business resilience[102] - The company's paper, fresh water, and sewage usage decreased by approximately 26% in 2022 compared to 2021 due to strict COVID-19 measures[140] - The company aims to reduce greenhouse gas emissions by 10% and electricity consumption by 10% by 2026/2027, using 2022/2023 as the baseline[142] - The company has implemented energy-saving measures, including regular maintenance of refrigerator insulation systems and prioritizing energy-efficient equipment in procurement[142] - The company's water consumption per unit area of restaurant property decreased from approximately 21.17 cubic meters to 20.59 cubic meters compared to the previous fiscal year[147] - The company aims to reduce water consumption by 5% by 2031/32, based on the 2022/23 benchmark[148] - Total water consumption in 2022 was 74,237 cubic meters, a significant decrease from 120,939 cubic meters in 2021[161] - The company's electricity and non-renewable fuel consumption decreased by approximately 52% in 2022 compared to the previous fiscal year[164] - The company collected a total of 468 barrels of waste cooking oil during the reporting period[159] - The company plans to implement a comprehensive data collection mechanism for food waste disposal in the future[158] - The company continues to upgrade equipment, such as purchasing energy-efficient appliances and LED lighting, to improve energy efficiency[148] - The company promotes water conservation through signage and reminders in kitchens, restrooms, and offices[160] - The company's goal is to improve energy efficiency and integrate low-carbon processes throughout its operations[145] - The company has established a waste management system to classify and recycle non-hazardous waste, such as paper and packaging materials[143] - The company achieved a 10% reduction in greenhouse gas emissions compared to the previous period through optimized production processes[165] - Total packaging material consumption decreased from 3.98 tons in 2021 to 2.00 tons in 2022, with plastic bag usage dropping from 1.52 tons to 0.18 tons[180] - Energy consumption decreased significantly from 6,953,983 kWh in 2021 to 3,315,597 kWh in 2022, with non-renewable fuel consumption dropping from 2,092,006 kWh to 777,552 kWh[178] - Water consumption density per restaurant property floor area decreased from 1,217.51 kWh to 919.52 kWh[178] - The company implemented various energy-saving measures, including upgrading energy-efficient electrical equipment and promoting double-sided printing[166] Employee Relations and Safety - The company employed 121 full-time employees from Hong Kong, with 94 employees leaving subsidiaries due to restructuring and personal reasons[173] - No fatal or serious injury accidents were recorded in the past three years, with no compensation paid for such incidents[177] - The company focuses on providing a safe working environment and comprehensive employee development, adhering to labor laws and offering competitive compensation packages[185] - The company has established internal procedures to ensure compliance with labor standards, including strict recruitment processes to avoid child or forced labor[186] - The company maintains a low employee turnover rate and fosters harmonious labor relations to enhance productivity[186] - The company operates a robust occupational health and safety management system, ensuring high safety standards in its restaurants[189] - The company conducts regular risk assessments and operational checks to identify and mitigate risks, maintaining a low accident and injury rate[190] Supply Chain and Quality Control - The company sources food from 12 approved suppliers in Hong Kong, ensuring stable and high-quality raw material supply[196] - The company implements a quality control system emphasizing food safety, hygiene, and restaurant cleanliness[199] - The company provides ongoing training to kitchen staff on food preparation, hygiene, and quality control procedures[200] - The company maintained a diverse supplier base to mitigate risks from extreme weather events that could disrupt the supply chain[169] Shareholder Communication and Investor Relations - The company communicates with shareholders through various channels, including annual general meetings and special general meetings, providing a platform for shareholders to express opinions and exchange views with directors and senior management[39] - The company promotes investor relations and enhances communication with existing shareholders and potential investors, welcoming feedback from investors, stakeholders, and the public[65] - The company has adopted a shareholder communication policy to ensure timely and unbiased access to company information[87] Compliance and Risk Management - The company maintains an effective internal control and risk management system, including clear organizational arrangements and comprehensive monitoring procedures to protect shareholder investments and company assets[58] - The company has established an insider information disclosure policy, detailing procedures and internal controls for handling and disseminating insider information[62] - The company strictly adhered to Hong Kong's noise control regulations and implemented noise reduction measures for air conditioning and ventilation systems[182] - The company maintains low greenhouse gas emissions and minimal energy consumption, reducing transition risks related to regulatory changes and customer preferences[185] - The company has a dedicated team to identify climate-related risks and opportunities, ensuring compliance with regulations and minimizing operational impacts[185] Accounting Standards and Financial Reporting - The company's board of directors expects that the application of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the company's performance and financial position[112]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Dragon King Group Holdings Limited 龍 皇 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8493） 截至二零二二年十二月三十一日止年度之 年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 ...

Dragon King Group Holdings Limited 龍皇集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 8493 2022 第三季度報告 MANAGEMENT DISCUSSION AND ANALYSIS For the year ended 香港聯合交易所有限公司（「聯交所」）GEM 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣之證券承 受較高的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 本報告的資料乃遵照聯交所的GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有 關龍皇集團控股有限公司（「本公司」，連同其附屬公司統稱 ...

Dragon King Group Holdings Limited 龍皇集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 8493 2022 中期報告 MANAGEMENT DISCUSSION AND ANALYSIS For the year ended 香港聯合交易所有限公司（「聯交所」）GEM 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 本報告乃遵照聯交所的GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有關龍皇 集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料，本公司的董事（「董 事」）願就本報告的資料共同及個別承擔全部責任。各董事在作出一切合理查詢後，確認就 其所深知及確信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且 ...

Dragon King Group Holdings Limited 龍皇集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 8493 2022 第一季度報告 MANAGEMENT DISCUSSION AND ANALYSIS For the year ended 香港聯合交易所有限公司（「聯交所」）GEM 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資人士應了解投資於該等公司的潛在風險，並應經過審慎 周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 本報告乃遵照聯交所的GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有關龍皇 集團控股有限公司（「本公司」，連同其附屬公司統稱「本集 ...

Financial Performance - For the fiscal year ending December 31, 2021, the group recorded an increase in revenue of approximately HKD 28.2 million or about 14.3%[8] - The group's total revenue for the year ended December 31 was approximately HKD 224.2 million, an increase of about HKD 28.2 million or approximately 14.3% compared to HKD 196.0 million for the previous year[24] - The gross profit for the year ended December 31 was approximately HKD 152.0 million, an increase of about HKD 17.0 million or approximately 12.6% from HKD 135.0 million the previous year[36] - Revenue from the "Long Wong" brand increased from approximately HKD 122.2 million to approximately HKD 139.0 million, a rise of about HKD 16.8 million or approximately 13.7%[28] - Revenue from the "Long Xi" brand surged from approximately HKD 24.1 million to approximately HKD 37.4 million, an increase of about HKD 13.3 million or approximately 55.3%[29] - Revenue from the "Long Pao" brand rose from approximately HKD 17.8 million to approximately HKD 25.7 million, an increase of about HKD 7.9 million or approximately 44.5%[30] - Revenue from the "Huang Xi" brand decreased from approximately HKD 29.4 million to approximately HKD 22.0 million, a decline of about HKD 7.3 million or approximately 24.9% due to the closure of the restaurant[31] - Other income and net gains decreased significantly from approximately HKD 33.5 million to approximately HKD 12.1 million, a reduction of about HKD 21.4 million[38] - The loss attributable to owners of the company was approximately HKD 50.8 million for the year ended December 31, 2021, compared to a loss of HKD 74.8 million in 2020, attributed to improved revenue as COVID-19 was effectively controlled[47] Operational Challenges - The group is facing significant challenges due to the ongoing COVID-19 pandemic, including weakened consumer sentiment and government-imposed restrictions on dining establishments[9] - The group operates six full-service restaurants in Hong Kong, but due to low customer traffic, it was necessary to close locations in Hong Kong and Macau[8] - The group closed its restaurant in Macau in early October 2021 and the Shanghai restaurant at the end of September 2021, as part of a strategic decision to manage operational funds[20] - The company is adopting a conservative approach in its operations due to the ongoing economic downturn and challenges posed by COVID-19, including reduced consumer sentiment and government restrictions[50] - The company has decided to delay the opening of new restaurants and will reallocate unutilized funds for general working capital due to the unfavorable market conditions[52] - The company is focusing on consolidating its resources and operations in response to changing consumer trends and the ongoing COVID-19 pandemic[182] Cost Management - Employee and food costs remain relatively high, putting pressure on the group to balance cost control with food and service quality[9] - The group is negotiating rent reductions with landlords, as some restaurants are unable to operate normally due to restrictions[9] - A series of cost-saving measures and contingency plans have been implemented to overcome the current business environment challenges[12] - The group will continue to monitor its cost structure and reduce expenses to enhance efficiency and ultimately create more value for shareholders[13] - Employee costs for the year were approximately HKD 91.2 million, a slight increase of about HKD 3.7 million or approximately 4.2% compared to HKD 87.5 million the previous year[39] - Rental and related expenses decreased by approximately HKD 10.4 million or 41.8% to about HKD 14.5 million for the year ended December 31, 2021, primarily due to rent waivers from landlords[44] - Other operating expenses slightly increased by approximately HKD 5 million or 11% to about HKD 50.4 million for the year ended December 31, 2021, mainly due to increased revenue[45] - Financial costs decreased by approximately HKD 1.7 million or 31.4% to about HKD 3.8 million for the year ended December 31, 2021, primarily due to reduced interest on lease liabilities[46] Legal and Compliance Issues - The company has been involved in multiple legal cases, including a claim for approximately HKD 1,500,000 from 富比資本有限公司 and a claim for HKD 2,000,000 from 東方電子商貿有限公司[187][193] - The company’s bank accounts were partially frozen due to an investigation related to money laundering, but some accounts have since been restored for daily operations[179] - The company has received court judgments requiring it to repay a total of approximately HKD 453,200, HKD 1,500,000, and HKD 366,000 in various legal cases[186][189] - The company is facing a claim for HKD 2,117,469.59 related to an unpaid loan from 交通銀行[194] - The company has submitted a defense statement regarding the lawsuits DCCJ1225/2022, DCCJ838/2022, and HCA457/2022[200] Human Resources - The company had 240 employees as of December 31, 2021, a decrease from 390 employees in 2020[167] - The total employee cost for the year ended December 31, 2021, was approximately HKD 91.2 million, an increase from HKD 87.5 million in 2020[167] Financial Position - As of December 31, 2021, the company's borrowings amounted to approximately HKD 60.6 million, a decrease from HKD 76.4 million in 2020[155] - The company's cash and cash equivalents were approximately HKD 6.3 million as of December 31, 2021, down from HKD 11.7 million in 2020[155] - The capital debt ratio as of December 31, 2021, was approximately 274.8%, compared to 145.0% in 2020[156] - The company did not recommend a final dividend for the year ended December 31, 2021, consistent with no dividends in 2020[166] - The net proceeds from the share placement amounted to approximately HKD 5,788,400 after deducting commissions and related expenses[153] - The company had no significant investments, acquisitions, or disposals of subsidiaries or associated companies during the year ended December 31, 2021[161] Environmental Initiatives - The company has implemented various green initiatives to reduce environmental impact, including energy-saving projects and waste management[174] Strategic Decisions - The company closed its Global Trade Square branch in early January 2022 due to lease expiration and decided not to renew the Causeway Bay branch lease, focusing resources on remaining restaurants[182] - The company further closed the New Peking branch in July 2022 due to poor performance, currently operating only the Wanchai, Kwun Tong, and Whampoa branches[184] - The total unutilized proceeds from the IPO have been fully utilized by December 31, 2021, with the board believing that the reallocation of these funds is in the best interest of the company and its shareholders[53] - The company maintains a prudent policy to manage cash reserves and ensure a strong liquidity position for future growth opportunities[163] - The company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2021[176]

Financial Performance - For the three months ended September 30, 2021, the group reported revenue of HKD 64,085,000, an increase from HKD 40,039,000 in the same period of 2020, representing a growth of 60.1%[6] - The gross profit for the three months ended September 30, 2021, was HKD 41,123,000, compared to HKD 27,024,000 in the same period of 2020, reflecting a gross margin improvement[6] - For the nine months ended September 30, 2021, the total revenue was HKD 175,038,000, up from HKD 146,081,000 in the same period of 2020, marking a year-on-year increase of 19.8%[6] - The net loss for the nine months ended September 30, 2021, was HKD 19,316,000, compared to a loss of HKD 16,245,000 in the same period of 2020, showing an increase in losses[6] - The basic and diluted loss per share for the three months ended September 30, 2021, was HKD 0.72, compared to HKD 0.30 for the same period in 2020[6] - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 19,002,000, compared to HKD 16,048,000 in the same period of 2020[8] - The company’s other income and net gains for the nine months ended September 30, 2021, totaled HKD 9,328,000, down from HKD 17,853,000 in the same period of 2020[22] - Employee costs increased significantly by approximately HKD 9.4 million or about 15.1%, totaling approximately HKD 71.6 million for the nine months ended September 30, 2021, compared to HKD 62.2 million for the same period in 2020[47] Equity and Losses - The group incurred a loss attributable to owners of the company of HKD 10,533,000 for the three months ended September 30, 2021, compared to a loss of HKD 4,332,000 in the same period of 2020, indicating a deterioration in performance[6] - The group’s total equity as of September 30, 2021, was HKD 57,003,000, down from HKD 18,197,000 at the beginning of the year, reflecting a significant decline in equity[10] - Loss attributable to owners of the company increased to approximately HKD 19.3 million for the nine months ended September 30, 2021, compared to approximately HKD 16.2 million for the same period in 2020[52] Revenue Sources - For the nine months ended September 30, 2021, the company reported revenue from customer contracts in restaurant operations of HKD 175,038,000, an increase of 19.8% compared to HKD 146,081,000 for the same period in 2020[18] - Revenue from restaurant operations for the three months ended September 30, 2021, was HKD 64,085,000, up 60.1% from HKD 40,039,000 in the same quarter of 2020[18] - Revenue from the "Dragon Emperor" brand increased by approximately HKD 17.9 million or about 19.7%, reaching approximately HKD 108.8 million for the nine months ended September 30, 2021[39] - Revenue from the "Dragon Seal" brand increased significantly by approximately HKD 8.5 million or about 47.3%, totaling approximately HKD 26.3 million for the nine months ended September 30, 2021[41] - Revenue from the "Dragon Robe" brand increased by approximately HKD 5.0 million or about 36.7%, reaching approximately HKD 18.6 million for the nine months ended September 30, 2021[42] - Revenue from the "Emperor Seal" brand slightly increased by approximately HKD 0.6 million or about 2.9%, totaling approximately HKD 21.4 million for the nine months ended September 30, 2021[43] Operational Challenges - The company closed several restaurants due to the impact of COVID-19 and changing consumer behavior, including locations in Kwai Chung, Macau, and Shanghai[35] - Rental and related expenses increased by approximately HKD 6.0 million or about 47.6% to approximately HKD 18.5 million for the nine months ended September 30, 2021, compared to approximately HKD 12.6 million for the same period in 2020[50] - Other operating expenses rose by approximately HKD 4.9 million or about 19% to approximately HKD 31.1 million for the nine months ended September 30, 2021, from approximately HKD 26.2 million for the same period in 2020[51] Corporate Governance and Compliance - The board believes that good corporate governance is key to managing the group's business and affairs, and has complied with the corporate governance code as of September 30, 2021[67] - Following the resignation of Ms. Leung Kai-ki as an independent non-executive director on November 9, 2021, the number of independent non-executive directors and audit committee members fell below three, necessitating the search for suitable candidates[68] - The audit committee was established in accordance with GEM listing rules, but currently does not meet the minimum requirement of three members following the recent resignation[70] - The consolidated performance for the nine months ended September 30, 2021, has not been audited by the company's auditor[70] Future Strategies - The company plans to establish an online sales platform to promote packaged food products to mitigate operational and financial risks due to COVID-19 and new consumer patterns[55] - The company is negotiating rent reductions with landlords as a significant portion of costs remains high, including employee and food costs[55] - The company will continue to adjust its business strategies to respond to the changing economic and restaurant industry conditions[55] Miscellaneous - The company recognized rental concessions of approximately HKD 4,550,000 for the nine months ended September 30, 2021, of which about HKD 1,373,000 was related to COVID-19[23] - The company is currently evaluating the impact of new and revised standards issued but not yet effective, although no significant financial impact has been identified at this time[14] - The company’s financial statements for the nine months ended September 30, 2021, were prepared based on historical cost convention and presented in thousands of HKD[16] - The company’s tax expenses for the nine months ended September 30, 2021, were calculated based on a two-tiered profit tax rate system, with the first HKD 2,000,000 of profits taxed at 8.25%[26] - As of September 30, 2021, there were no share options granted, exercised, expired, or lapsed under the share option scheme[64] - Some bank accounts of the group have been frozen due to an investigation, but certain accounts have been restored for daily restaurant operations[66]

Dragon King Group Holdings Limited 龍皇集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 8493 2021 中期報告 MANAGEMENT DISCUSSION AND ANALYSIS For the year ended 香港聯合交易所有限公司（「聯交所」）GEM 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 本報告乃遵照聯交所的GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有關龍皇 集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）的資料，本公司的董事（「董 事」）願就本報告的資料共同及個別承擔全部責任。各董事在作出一切合理查詢後，確認就 其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且並 ...