Tax Expenses - The group recorded an income tax expense of SGD 115,148 for the six months ended December 31, 2023[4] - The Singapore income tax rate applied was 17%, consistent with the previous period[5] - The group's Chinese subsidiaries were classified as small and micro enterprises, benefiting from a reduced tax rate of 5% for the six months ended December 31, 2023[6]

Financial Performance - The company's revenue for the six months ended December 31, 2023, was SGD 3,856,287, a decrease of 31.3% compared to SGD 5,616,939 for the same period in 2022[9]. - Other income for the same period was SGD 6,835, significantly lower than SGD 263,078 in the previous year[9]. - The cost of materials and consumables used was SGD 1,234,784, down from SGD 1,360,432, reflecting a reduction of 9.2%[9]. - Employee benefit expenses decreased to SGD 1,415,225 from SGD 1,896,388, a reduction of 25.3%[9]. - The loss before tax for the period was SGD 125,415, an improvement from a loss of SGD 458,457 in the prior year[9]. - The total comprehensive loss for the period was SGD 250,804, compared to SGD 599,893 in the same period last year, indicating a 58.3% reduction[9]. - Basic and diluted loss per share was SGD 0.08, down from SGD 0.23 in the previous year[9]. - The company reported a foreign exchange loss of SGD 10,241 from overseas operations, compared to a loss of SGD 5,141 in the previous year[9]. - The company incurred a loss of SGD 194,859 during the six months ended December 31, 2023, compared to a loss of SGD 4,873,817 for the previous year[12]. - The company recorded a loss attributable to equity holders of approximately 0.2 million SGD for the current period, compared to a loss of about 0.5 million SGD for the six months ended December 31, 2022[60]. - The net loss attributable to equity holders for the period was approximately SGD 0.2 million, a decrease of about SGD 0.3 million or 64.0% compared to SGD 0.5 million for the six months ended December 31, 2022, due to increased customer traffic and cost-cutting measures[74]. Assets and Liabilities - Total assets increased to SGD 3,847,315 as of December 31, 2023, compared to SGD 2,705,400 as of June 30, 2023, representing a growth of 42.1%[10]. - The total liabilities increased to SGD 8,736,908 as of December 31, 2023, from SGD 7,344,189 as of June 30, 2023, an increase of 19.0%[10]. - The company’s total equity attributable to equity holders decreased to SGD (4,450,245) as of December 31, 2023, from SGD (4,242,696) as of June 30, 2023, indicating a decline of 4.9%[10]. - Current liabilities net amount was approximately SGD 5.0 million as of December 31, 2023, compared to SGD 4.7 million as of June 30, 2023[79]. - Total borrowings amounted to SGD 282,579 as of December 31, 2023, down from SGD 326,771 as of June 30, 2023, a decrease of about 13.5%[48]. Cash Flow - Cash and cash equivalents rose significantly to SGD 1,415,826 from SGD 166,719, marking an increase of 748.5%[14]. - The company reported a net cash inflow from operating activities of SGD 926,279 for the six months ended December 31, 2023, down from SGD 1,157,905 in the same period of 2022, a decrease of 19.9%[14]. - The company’s cash flow from financing activities showed a net inflow of SGD 322,473 for the six months ended December 31, 2023, compared to a net outflow of SGD (2,415,187) in the previous year[14]. - Cash and bank balances increased to approximately SGD 1.4 million as of December 31, 2023, compared to about SGD 0.2 million as of June 30, 2023[77]. Business Operations - The company continues to operate in Singapore and China, focusing on three business segments: baking products, restaurant operations, and smart beverage vending machines[22][27]. - The number of bakeries decreased from 13 to 3, and the total number of restaurants reduced from 24 to 9 due to rising rental costs and operational losses in Singapore[64]. - The revenue contribution from bakeries was 2.5 million SGD, accounting for 65.2% of total revenue, while the revenue from casual dining restaurants was 1.3 million SGD, contributing 34.8%[65]. - The company has decided to cease operations of loss-making bakeries in Singapore to preserve funds for new business strategies[59]. - The company plans to explore opportunities in the smart beverage vending machine business and expand its existing bakery operations in China[59]. Future Outlook - Future outlook includes potential market expansion and new product development initiatives to drive revenue growth[9]. - The company is focusing on cost control measures to improve financial performance in the upcoming periods[9]. - The company aims to enhance operational efficiency and profitability while monitoring rising operational costs due to inflation[61]. Corporate Governance - The company emphasizes the importance of corporate governance and transparency to maintain shareholder trust[105]. - The audit committee, consisting of three independent non-executive directors, reviewed and approved the unaudited interim financial statements for the six months ending December 31, 2023[111]. - The company has not disclosed any interests held by directors or major executives in competing businesses[96]. Shareholder Information - As of December 31, 2023, Mr. Zhang Yang holds 180,000,000 shares, representing 75.00% of the company's ordinary shares[100]. - The major shareholder, China Youyin Technology Co., Ltd., also holds 180,000,000 shares, equating to 75.00% ownership[103]. - The company did not recommend any dividend payment for the period[75]. Subscription Agreement - The company has entered into a subscription agreement to issue a total of 48,000,000 subscription shares at a price of HKD 0.32 per share, representing approximately 20% of the existing issued share capital[112]. - The total proceeds from the subscription are expected to be HKD 15,360,000, with a net amount of approximately HKD 15.36 million after related expenses, equating to a net issue price of about HKD 0.32 per share[115]. - Approximately HKD 5 million (32.55% of net proceeds) will be used for acquiring products to expand the smart beverage vending machine business in China[117]. - Another HKD 5 million (32.55% of net proceeds) is allocated for expenses related to expanding the existing baking business in China[117]. - About HKD 5.36 million (34.9% of net proceeds) will be utilized to supplement the company's general working capital[117]. - The subscription agreement's terms are deemed fair and reasonable, aligning with the overall interests of the company and its shareholders[115]. - As of the report date, the subscription has not yet been completed, and no subscription shares have been issued[116]. - The deadline for the completion of the subscription has been extended to March 31, 2024[116].

Company Overview - Global Uin Intelligence Holdings Limited reported its interim results for the six months ending December 31, 2023[2]. - The company is listed on the GEM board of the Hong Kong Stock Exchange, which is designed for small to medium-sized enterprises[7]. - The board of directors confirmed the accuracy and completeness of the information provided in the announcement[5]. - The interim report includes unaudited consolidated financial statements, including profit and loss, financial position, and cash flow statements[9]. - The company aims to provide relevant information in accordance with GEM listing rules[5]. - The announcement is available for public access on the GEM website and the company's official site[6]. - The company has a commitment to transparency and accountability in its reporting practices[5]. - The board consists of experienced executives and independent non-executive directors[11]. - The company is subject to higher investment risks due to its listing on the GEM board[7]. - The report emphasizes the importance of careful consideration before investing in GEM-listed companies[7]. Financial Performance - The company's revenue for the six months ended December 31, 2023, was SGD 3,856,287, a decrease of 31.3% compared to SGD 5,616,939 for the same period in 2022[14]. - The net loss for the period was SGD 240,563, representing a 59.5% improvement from a net loss of SGD 594,752 in the previous year[14]. - Total revenue from external customers reached SGD 3,856,287, with bakery products contributing SGD 2,513,956, restaurant operations SGD 1,069,645, and beverage vending machines SGD 272,686[26]. - The company reported a loss before tax of SGD 458,457 for the six months ended December 31, 2023, compared to a loss of SGD 541,904 in the same period of 2022[41]. - Total revenue decreased by approximately SGD 1.8 million or 31.3% to about SGD 3.9 million for the period, down from approximately SGD 5.6 million for the six months ended December 31, 2022[69]. Assets and Liabilities - Total assets increased to SGD 3,847,315 as of December 31, 2023, compared to SGD 2,705,400 as of June 30, 2023, reflecting a growth of 42.2%[15]. - The company's total liabilities amounted to SGD 8,736,908, up from SGD 7,344,189, marking an increase of 19.0%[15]. - Non-current assets as of December 31, 2023, were SGD 896,189, down from SGD 1,556,161 as of June 30, 2023[34]. - The total borrowings as of December 31, 2023, amount to SGD 282,579, a decrease from SGD 326,771 as of June 30, 2023[53]. - Trade payables as of December 31, 2023, are SGD 459,929, slightly up from SGD 455,461 as of June 30, 2023[56]. Cash Flow and Liquidity - Cash and cash equivalents rose significantly to SGD 1,415,826 from SGD 166,719, indicating a substantial increase in liquidity[15]. - Operating cash generated was SGD 950,781, a decrease of 18% from SGD 1,157,905 in the same period last year[19]. - Net cash from operating activities was SGD 926,279, down from SGD 1,157,905 year-on-year[19]. - Cash and bank balances increased to approximately SGD 1.4 million as of December 31, 2023, up from SGD 0.2 million as of June 30, 2023[82]. - Cash and cash equivalents increased by SGD 1,249,144, ending the period at SGD 1,415,826, compared to SGD 996,157 at the end of the previous period[19]. Employee and Operational Costs - Employee benefits costs decreased to SGD 1,415,225 from SGD 1,896,388, a reduction of 25.3% year-over-year[14]. - The company incurred a total of SGD 1,314,656 in employee benefits costs across its operations[26]. - Operating lease costs decreased by approximately SGD 0.8 million or 55.6% to about SGD 0.6 million for the period, down from approximately SGD 1.4 million for the six months ended December 31, 2022[74]. - Employee benefits costs decreased by approximately SGD 0.5 million or 25.4% to about SGD 1.4 million for the period, attributed to a reduction in workforce exceeding wage increases[73]. - The company had a total of 75 employees as of December 31, 2023, a decrease from 98 employees as of June 30, 2023[95]. Business Operations and Strategy - The company has three bakeries, one Japanese casual dining restaurant, and three Chinese casual dining restaurants in Singapore as of December 31, 2023[64]. - The number of bakeries in Singapore has been reduced to three due to high rental costs and ongoing losses[64]. - The company plans to explore opportunities in smart beverage vending machines and expand its existing bakery business in China[64]. - The company aims to explore new business partnerships and develop its operations in the Chinese market through its wholly-owned subsidiary, Anhui Qiu Tian Smart Technology Co., Ltd.[doc id='65']. - The company plans to continue monitoring and controlling rising operational costs due to inflation, expand into the Chinese market, and invest in new products and technologies to improve operational efficiency[66]. Shareholder and Governance - Major shareholders include China Youyin Technology Co., Ltd. and Uin Holdings Limited, each holding 75% of the company's shares[108][109]. - The company plans to issue a total of 48,000,000 subscription shares at a price of HKD 0.32 per share, which represents approximately 20% of the existing issued share capital[117]. - The total proceeds from the subscription are expected to be HKD 15,360,000, with a net amount of approximately HKD 15.36 million after related expenses[120]. - The company has complied with the corporate governance code except for the separation of the roles of Chairman and CEO, which the board believes enhances decision-making efficiency[111]. - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the unaudited interim financial statements for the six months ending December 31, 2023[116]. Compliance and Reporting - The company has confirmed compliance with the GEM Listing Rules regarding directors' securities transactions throughout the reporting period[114]. - The company has not declared or paid any dividends during the reporting period[62]. - The company has not granted any options under its share option scheme since its adoption in April 2020[115]. - There were no overdue trade receivables as of December 31, 2023[46]. - The company has not engaged in any buybacks or sales of its listed securities during the period[102].

Financial Performance - Revenue for Q3 2023 was SGD 2,241,807, a decrease of 23.8% compared to SGD 2,941,439 in Q3 2022[11] - Total revenue for the nine months ended March 31, 2023, was SGD 7,858,746, down 14.2% from SGD 9,164,792 in the same period last year[11] - The company reported a net loss of SGD 804,463 for Q3 2023, compared to a net loss of SGD 612,042 in Q3 2022, representing a 31.4% increase in losses[11] - The loss before tax for the nine months ended March 31, 2023, was SGD 1,193,175, significantly higher than the loss of SGD 396,086 in the same period last year[11] - The total loss for the nine months ended March 31, 2023, was SGD 1,399,215, compared to a loss of SGD 411,078 for the same period in 2022, representing a significant increase in losses[25] - Basic loss per share for the nine months ended March 31, 2023, was SGD 0.58, compared to SGD 0.17 for the same period in 2022[25] - The total comprehensive loss for Q3 2023 was SGD 806,767, an increase from SGD 619,954 in Q3 2022[11] - The company reported a net loss attributable to equity holders of approximately SGD 1.3 million for the nine months ended March 31, 2023, compared to a net loss of SGD 0.4 million for the same period in 2022, indicating a significant increase in losses[28] Revenue Breakdown - The bakery segment generated revenue of SGD 5,572,668 for the nine months ended March 31, 2023, down 3.6% from SGD 5,783,413 in the previous year[21] - Revenue from the bakery segment was SGD 5.57 million for the nine months ended March 31, 2023, accounting for 71% of total revenue, while revenue from casual dining restaurants decreased significantly[33] - The casual dining segment saw a decline in revenue, with Japanese, Western, and Chinese restaurants generating SGD 990,591, SGD 459,768, and SGD 835,719 respectively for the nine months ended March 31, 2023, compared to SGD 1,266,421, SGD 515,571, and SGD 1,599,387 in 2022[21] Cost and Expenses - Employee benefits costs increased to SGD 1,263,594 in Q3 2023, up 14.5% from SGD 1,104,465 in Q3 2022[11] - The company incurred financial expenses of SGD 52,140 in Q3 2023, a decrease of 54.4% from SGD 114,292 in Q3 2022[11] - Operating lease costs decreased by approximately SGD 0.3 million or 14.5% to about SGD 1.9 million for the nine months ended March 31, 2023, compared to approximately SGD 2.2 million for the same period in 2022[38] - Employee benefit costs decreased by approximately SGD 0.3 million or 7.8% to about SGD 3.2 million for the nine months ended March 31, 2023, due to a reduction in the number of employees[37] Business Operations - The company operates two business segments: retail bakery and casual dining restaurants[22] - The company operates a total of 18 outlets in Singapore and 2 outlets in Shanghai, China, as of March 31, 2023[28] - The company experienced a decline in customer traffic at its bakery segment due to reliance on local consumption, which was affected by the reopening of cross-border travel and the easing of COVID-19 restrictions[30] Strategic Initiatives - The company aims to enhance operational efficiency and profitability while actively exploring opportunities to expand its customer base and market share[29] - The company plans to adopt a cautious approach in adjusting its business strategy to mitigate losses and improve performance amid ongoing uncertainties related to COVID-19[29] Shareholder Information - The company did not declare or pay any dividends during the period, consistent with the previous year[26] - The board did not recommend the payment of dividends for the period[44] - The company changed its name from "Global Dining Holdings Limited" to "Global Uin Intelligence Holdings Limited" effective December 29, 2022[53] - The company’s shares are now traded under the new English abbreviation "GLOBAL UIN" and the new Chinese abbreviation "環球友飲智能" on the GEM[53] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the nine months ending March 31, 2023, and found them compliant with applicable accounting standards and GEM listing rules[68] - The company has appointed Fuqiang Financial Capital Limited as its compliance advisor effective from January 15, 2023[46]

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 不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致之 任何損失承擔任何責任。 Global Uin Intelligence Holdings Limited 環 球 友 飲 智 能 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8496） 截 至2023年3月31日 止 九 個 月 之 第 三 季 度 業 績 公 告 環 球 友 飲 智 能 控 股 有 限 公 司（「本 公 司」）之 董 事（「董 事」）會（「董 事 會」）欣 然宣佈，本公司及其附屬公司（統稱「本集團」）截至2023年3月31日止九個 月之未經審核綜合業績。本公告載有本公司第三季度報告全文，符合香 港 聯 合 交 易 所 有 限 公 司GEM證 券 上 市 規 則（「GEM上 市 規 則」）有 關 隨 附 初步第三季度業績公告的資料的相關規定。 承董事會命 環球友飲智能控股有限公司 主席兼執行董事 張陽 中國北京，2023年5月15日 於本公告日期，執行董事為張陽先生、石旻玥女士、成學 ...

Financial Performance - Total revenue for the six months ended December 31, 2022, was SGD 5,616,939, a decrease of 9.8% compared to SGD 6,223,353 for the same period in 2021[10] - The company reported a net loss of SGD 594,752 for the six months ended December 31, 2022, compared to a profit of SGD 200,964 for the same period in 2021[10] - Basic and diluted loss per share for the six months ended December 31, 2022, was SGD (0.23), compared to earnings of SGD 0.09 in the same period of 2021[10] - Total comprehensive loss for the six months ended December 31, 2022, was SGD 599,893, a significant decline from a comprehensive income of SGD 212,308 in the previous year[10] - The company reported a net loss of SGD 541,904 for the six months ended December 31, 2022, compared to a loss of SGD 1,685,280 for the previous year[13] - The company reported a loss attributable to equity holders of approximately SGD 0.5 million for the six months ended December 31, 2022, compared to a profit of approximately SGD 0.2 million for the same period in 2021[64] Revenue Breakdown - Total revenue for the six months ended December 31, 2022, was SGD 5,616,939, with SGD 3,873,656 from bakery products and SGD 1,743,283 from restaurant operations[24] - The group experienced a decrease in revenue from bakery products, which was SGD 4,155,109 for the six months ended December 31, 2021, compared to SGD 3,873,656 for the same period in 2022, representing a decline of approximately 6.8%[28] - For the three months ended December 31, 2022, total revenue was SGD 2,897,667, with SGD 2,265,189 from bakery products and SGD 632,478 from restaurant operations[26] - Revenue from external customers for Singapore increased to SGD 2,621,900 in Q4 2022 from SGD 2,423,103 in Q4 2021, representing an 8.2% growth[36] - Revenue from external customers for China decreased to SGD 275,777 in Q4 2022 from SGD 307,705 in Q4 2021, a decline of 10.4%[36] Cost Management - Employee benefit expenses decreased by 18.4% to SGD 1,896,388 for the six months ended December 31, 2022, down from SGD 2,323,714 in the previous year[10] - The company experienced a significant reduction in the cost of materials, which fell by 17.3% to SGD 1,360,432 for the six months ended December 31, 2022, compared to SGD 1,646,966 in 2021[10] - The cost of materials and consumables amounted to SGD 1,360,432, while employee benefits cost was SGD 1,896,388 for the same period[24] - Total other expenses for the six months ended December 31, 2022, were SGD 1,345,802, slightly down from SGD 1,357,474 in the same period of 2021[42] Assets and Liabilities - Total assets decreased from SGD 10,765,522 to SGD 8,630,954, a decline of approximately 19.8%[11] - Cash and cash equivalents dropped significantly from SGD 2,270,293 to SGD 996,157, representing a decrease of about 56.2%[15] - Trade and other payables increased from SGD 2,740,793 to SGD 3,008,810, an increase of about 9.8%[11] - Non-current assets decreased from SGD 7,363,717 to SGD 5,823,053, a decline of approximately 20.9%[11] - The company's total liabilities decreased from SGD 10,146,974 to SGD 8,612,417, a reduction of about 15.1%[11] - The company’s equity attributable to owners decreased from SGD 639,784 to SGD 92,680, a decline of approximately 85.5%[13] Operational Strategy - The company plans to focus on cost management and operational efficiency to improve financial performance in the upcoming periods[10] - The company plans to enhance operational efficiency and explore opportunities to expand its customer base and market share[65] Corporate Governance - The company appointed a new compliance advisor, Fuqiang Financial Capital Limited, effective January 15, 2023[106] - The company changed its name from "Global Dining Holdings Limited" to "Global Uin Intelligence Holdings Limited" effective December 29, 2022[114] - The board of directors saw changes with Mr. Zhang appointed as CEO effective December 16, 2022[112] - The company is committed to maintaining high standards of corporate governance to foster trust among shareholders and stakeholders[122] - The board consists of four executive directors and three independent non-executive directors, ensuring adequate representation of shareholder interests[124]

Financial Performance - For the three months ended September 30, 2022, the company reported total revenue of SGD 2,719,272, a decrease of 22.1% compared to SGD 3,492,545 for the same period in 2021[10]. - The company incurred a loss before tax of SGD 571,552, compared to a profit of SGD 135,970 in the same quarter of the previous year[10]. - The total comprehensive loss for the period was SGD 563,293, while the total comprehensive income for the previous period was SGD 135,970[12]. - The loss attributable to owners of the company was SGD 510,607, compared to a profit of SGD 137,040 in the previous period[12]. - Basic and diluted loss per share was SGD (0.21), compared to earnings of SGD 0.06 per share in the previous period[12]. - Total revenue decreased by approximately SGD 0.8 million or 22.1% to about SGD 2.7 million for the period, down from approximately SGD 3.5 million for the three months ended September 30, 2021, attributed to reduced local consumption and travel restrictions[34]. Revenue Breakdown - Revenue from external customers in Singapore was SGD 2,469,899, a decrease from SGD 3,450,530 in the previous year, while revenue from China increased to SGD 249,373 from SGD 42,015[24]. - The bakery segment generated revenue of SGD 1,608,467, down from SGD 2,531,848 in the previous period, indicating a decline of approximately 36.4%[23]. - The bakery segment generated revenue of SGD 1,608,467, accounting for 59.2% of total revenue, while the Japanese casual dining segment contributed SGD 520,126 or 19.1%[36]. Operational Efficiency and Strategy - The company is focused on enhancing its operational efficiency and exploring new market opportunities[10]. - The company aims to continue its strategic initiatives to improve financial performance in the upcoming quarters[10]. - The company continues to assess its operational performance and make strategic decisions based on both qualitative and quantitative factors[22]. - The company aims to enhance operational efficiency and profitability while actively seeking opportunities to expand its customer base and market share[32]. Shareholder Information - As of September 30, 2022, major shareholders AA Food, Aris Goh, and Anita Chia collectively hold 153,000,000 shares, representing 63.75% of the company's equity[58]. - Dunman Capital Global Limited, owned by Yang Fan, holds 23,632,500 shares, accounting for 9.85% of the company's equity[58]. - On November 3, 2022, AA Food entered into a sale agreement to sell 153,000,000 shares for a total consideration of HKD 47,812,500, equivalent to HKD 0.3125 per share[67]. - Following the sale agreement, the buyer and its concert parties will collectively own 63.75% of the company's issued share capital[67]. Corporate Governance - The board confirmed that the information provided is accurate and complete, with no misleading or fraudulent elements[2]. - The company has maintained compliance with the corporate governance code as per GEM listing rules throughout the reporting period[62]. - The company emphasizes the importance of corporate transparency and accountability to maintain shareholder trust[62]. - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance throughout the reporting period[63]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial results for the first quarter ending September 30, 2022[65]. Other Income and Expenses - Other income for the same period was SGD 110,726, which increased significantly from SGD 42,747 in the previous year[10]. - The company reported a financial expense of SGD 90,972, down from SGD 155,406 in the same quarter of 2021[10]. - Operating lease costs for the period totaled SGD 834,477, showing no significant change compared to SGD 808,249 for the three months ended September 30, 2021[41]. - Depreciation expenses increased to SGD 213,349 for the period, up from SGD 110,339 for the three months ended September 30, 2021, mainly due to new restaurant openings in China[43][44]. - Employee benefit expenses were SGD 1,029,915, slightly down from SGD 1,043,684 in the prior year[10]. - The depreciation of right-of-use assets was SGD 663,415, a decrease from SGD 874,881 in the previous year[10]. Future Outlook - The company maintains a cautious outlook on future developments, supported by robust financial management and a strong talent pool[32]. - There have been no significant events occurring after the reporting period up to the date of this report[68]. - The board did not recommend the payment of dividends for the period, consistent with the previous year[49].

Financial Performance - Revenue for the three months ended September 30, 2022, was SGD 2,719,272, a decrease of 22.1% compared to SGD 3,492,545 for the same period in 2021[9] - The company reported a loss before tax of SGD 571,552, compared to a profit of SGD 135,970 in the same quarter of the previous year[9] - Total comprehensive loss for the period was SGD 563,293, contrasting with a profit of SGD 135,970 in the prior year[11] - Basic and diluted loss per share was SGD (0.21), compared to earnings of SGD 0.06 per share in the previous year[11] - For the three months ended September 30, 2022, the company reported a net loss attributable to owners of approximately SGD 0.51 million, compared to a net profit of SGD 0.14 million for the same period in 2021[30] - Total revenue for the three months ended September 30, 2022, was SGD 2.72 million, a decrease of 22.1% from SGD 3.49 million in the same period of 2021[22] - Revenue from external customers in Singapore was SGD 2.47 million, down 28.5% from SGD 3.45 million in the previous year[23] - The bakery segment generated revenue of 1.61 million Singapore dollars, accounting for 59.2% of total revenue, down from 2.53 million Singapore dollars or 72.5% in the previous year[35] - The net loss attributable to the company's owners for the period was approximately 0.5 million Singapore dollars, compared to a profit of 0.1 million Singapore dollars in the same period last year[47] Income and Expenses - Other income increased to SGD 110,726 from SGD 42,747, representing a growth of 158.5% year-over-year[9] - Other income increased by approximately 159.0% to 110,726 Singapore dollars, driven by additional government support measures[36] - The cost of materials and consumables used decreased to SGD (826,017) from SGD (896,474), a reduction of 7.8%[9] - The cost of materials and consumables decreased by about 7.9% to approximately 0.8 million Singapore dollars, consistent with the decline in revenue[37] - Employee benefits expenses slightly decreased to SGD (1,029,915) from SGD (1,043,684), a decline of 1.3%[9] - Operating lease costs totaled 834,477 Singapore dollars, showing no significant change compared to 808,249 Singapore dollars in the previous year[40] - Depreciation of right-of-use assets was SGD (663,415), down from SGD (874,881), indicating a decrease of 24.1%[9] - Depreciation expense for the period increased to 213,349 Singapore dollars, up from 110,339 Singapore dollars in the same period last year[42] Equity and Shareholder Information - The total equity attributable to owners of the company decreased to SGD 2,462,191 from SGD 2,325,151, reflecting a decline of 5.9%[13] - The total equity attributable to owners as of September 30, 2022, was SGD 55,255, a decrease from SGD 618,548 as of July 1, 2022[5] - The company has not declared or paid any dividends during the period[27] - The company did not recommend any dividend payments for the period, consistent with the previous year[48] - As of September 30, 2022, AA Food holds 153,000,000 shares, representing 63.75% of the company's issued share capital[57] - Dunman Capital Global Limited holds 23,632,500 shares, representing 9.85% of the company's shares[57] - The total consideration for the sale of 153,000,000 shares was HKD 47,812,500, equivalent to HKD 0.3125 per share[66] - Aris Goh and Anita Chia each own 50% of AA Food, which is the beneficial owner of 153,000,000 shares[57] Operational Insights - The company operated 13 bakeries and 9 casual dining restaurants in Singapore as of September 30, 2022, with additional locations in Shanghai, China[32] - The bakery segment's customer traffic decreased significantly due to reliance on local consumption and COVID-19 restrictions in Shanghai affecting operations[47] - The company retained most employees from closed restaurants, resulting in no significant change in employee benefit costs[38] Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting standards[64] - The company has maintained compliance with the corporate governance code throughout the reporting period[61] - The company emphasizes the importance of corporate governance and transparency to maintain stakeholder trust[61] - A mandatory unconditional offer commenced on November 4, 2022, following the sale of shares[66] - No significant events occurred after the reporting period up to the date of the report[67] Future Outlook - The company is actively seeking opportunities to expand its customer base and market share to enhance shareholder value[31] - The management remains confident in future growth due to ongoing operational efficiency improvements and market expansion efforts[31] - The company has adopted a share option scheme since April 24, 2020, but no options have been granted under this scheme[63] - The company recorded a foreign exchange gain of SGD 6,440 for the period, contributing to other comprehensive income[22] - The company experienced a foreign exchange loss of SGD 8,259 related to its overseas operations[9]

Financial Performance - The company reported revenue of approximately SGD 11.96 million for the fiscal year ending June 30, 2022, a decrease of 15.4% from SGD 14.14 million in 2021[9]. - The pre-tax loss for the year was SGD (1.58) million, representing a significant improvement of 67.1% compared to a loss of SGD (4.82) million in the previous year[9]. - The net loss attributable to equity holders of the company was SGD (1.69) million, down 65.5% from SGD (4.88) million in 2021[9]. - Total assets decreased by 37.4% to SGD 10.77 million from SGD 17.20 million in the previous year[9]. - Total liabilities also decreased by 31.8% to SGD 10.15 million from SGD 14.87 million in 2021[9]. - The company’s net assets fell by 73.4% to SGD 618,548 compared to SGD 2.33 million in the previous year[9]. - Total revenue for the fiscal year ended June 30, 2022, was approximately SGD 12.0 million, a decrease of about SGD 2.2 million or 15.4% compared to approximately SGD 14.1 million for the fiscal year ended June 30, 2021[37]. - Revenue from the bakery segment was approximately SGD 7.6 million, a decrease of about SGD 2.8 million or 26.9% from approximately SGD 10.3 million in the previous fiscal year[40]. - Revenue from casual dining restaurants totaled approximately SGD 4.4 million, an increase of about SGD 0.6 million or 15.9%, primarily due to the reopening of dining services after COVID-19 restrictions were lifted[41]. - Other income increased by approximately SGD 0.3 million or 34.7% to about SGD 1.1 million, mainly due to government support measures extended during the pandemic[42]. Operational Adjustments - The company faced significant challenges due to the COVID-19 pandemic, which severely impacted local and international economies[15]. - The company plans to adopt a cautious approach in adjusting its business strategies to minimize losses and improve performance[15]. - A series of reforms and adjustments have been implemented to streamline operations, enhance product and service quality, reduce costs, and improve efficiency[15]. - The company has reorganized affected restaurants and negotiated rent waivers or reductions with landlords to mitigate the impact of the pandemic[33]. - The group aims to enhance operational efficiency and profitability while actively exploring opportunities to expand its customer base and market share[33]. Asset and Liability Management - As of June 30, 2022, cash and bank balances were approximately SGD 2.3 million, down from SGD 4.6 million in 2021[61]. - Current liabilities net amount was SGD 3.4 million as of June 30, 2022, compared to SGD 2.4 million in 2021[62]. - Total equity attributable to owners was SGD 0.6 million as of June 30, 2022, down from SGD 2.3 million in 2021[63]. - Borrowings decreased by approximately SGD 0.3 million or 37.7% to approximately SGD 0.6 million as of June 30, 2022, primarily due to loan repayments[64]. - The debt-to-equity ratio was 6.18 as of June 30, 2022, compared to 1.97 in 2021[82]. Employee and Workforce Management - The number of employees increased from 162 in FY2021 to 165 in FY2022, indicating a growth in workforce[110]. - The company expanded its workforce by hiring an operations manager, three pastry chefs, three chefs, a human resources officer, a customer manager, and a marketing manager, fulfilling all recruitment plans[85]. - Employee benefits costs remained stable at approximately SGD 4.5 million compared to the previous fiscal year[47]. - The percentage of full-time employees rose from 58.6% (95 employees) in FY2021 to 67.9% (112 employees) in FY2022[148]. - New employee count increased significantly from 16 in FY2021 to 39 in FY2022, marking a 143.75% increase[153]. - Employee turnover was recorded at 6 individuals in FY2022, with 66.6% (4 employees) being from Malaysia[153]. - The company emphasizes a non-discriminatory work environment and has mechanisms in place to address any complaints related to discrimination or harassment[149]. - The company has committed to not employing any child or forced labor, with a minimum legal hiring age of 18 years established in its recruitment policy[163]. Environmental, Social, and Governance (ESG) Initiatives - A sustainability roadmap has been established to address significant environmental, social, and governance issues, with ongoing monitoring of related indicators and goals[88]. - The company plans to reduce electricity and water consumption by 5% compared to the previous fiscal year[105]. - The company aims to minimize waste generation, including waste from unsold products[105]. - The company has implemented measures to minimize food waste, including donating unsold products to non-profit organizations[136]. - The company has not generated any hazardous waste under Singapore's Hazardous Waste Act in FY2022, which is a point of pride[126]. - The company has established energy efficiency targets and steps to achieve these goals[187]. - The company identifies and addresses significant climate-related issues that may impact its operations[189]. - The company has established a code of conduct and anti-corruption policies communicated to all new employees and directors[180]. Customer Relations and Quality Control - Customer complaints in fiscal year 2022 were primarily related to service quality and product standards, with cash vouchers issued to address issues[174]. - The company emphasizes responsible sourcing and evaluates suppliers based on food safety, product quality, and timely delivery[167]. - The company has not integrated social and environmental criteria into its supplier evaluation process but aims to collaborate with ethically responsible suppliers[168]. - The company has a total of 56 food handlers and 1 food safety officer registered with the Singapore Food Agency, ensuring compliance with food safety training[173]. Financial Governance and Compliance - The company has maintained high standards of corporate governance and internal controls to uphold its brand and reputation[165]. - The report is prepared in accordance with the GEM listing rules, focusing on environmental, social, and governance (ESG) issues[184]. - The company has adhered to the corporate governance code since its listing date, ensuring transparency and accountability[200].

Financial Performance - Total revenue for the year ended June 30, 2022, was SGD 11,961,710, a decrease of 15.4% from SGD 14,136,821 in the previous year[10] - The company reported a pre-tax loss of SGD (1,581,965), which is an improvement of 67.1% compared to SGD (4,815,227) in the prior year[10] - Net loss attributable to equity holders of the company was SGD (1,685,280), down 65.5% from SGD (4,883,965) year-on-year[10] - The group reported revenue of approximately SGD 12.0 million for the fiscal year ending June 30, 2022, down from SGD 14.1 million in 2021, with a loss of SGD 1.8 million compared to a loss of SGD 4.9 million in the previous year[14] - Total revenue for the year was approximately SGD 12.0 million, a decrease of about SGD 2.2 million or 15.4% compared to SGD 14.1 million for the year ended June 30, 2021[38] Assets and Liabilities - Total assets decreased by 37.4% to SGD 10,765,522 from SGD 17,195,016[10] - Total liabilities decreased by 31.8% to SGD 10,146,974 from SGD 14,868,877[10] - Net assets decreased by 73.4% to SGD 618,548 from SGD 2,326,139[10] - The group's net current liabilities increased to 3.4 million SGD as of June 30, 2022, compared to 2.4 million SGD in 2021[63] - Total borrowings decreased from approximately 0.9 million SGD as of June 30, 2021, to about 0.6 million SGD, a reduction of approximately 0.3 million SGD or 37.7%[65] Operational Adjustments - The company plans to adopt a cautious approach to adjust its business strategy to minimize losses and improve performance amid ongoing uncertainties[16] - A series of reforms and adjustments have been implemented to streamline operations, enhance product and service quality, reduce costs, and improve efficiency[16] - The company has reorganized affected restaurants and negotiated rent reductions with landlords to mitigate the impact of the pandemic[34] - The company has reduced the number of bakery outlets from 18 to 13, and the total number of outlets decreased from 28 to 24[38] Employee and Workforce Management - Employee benefits costs remained stable at approximately SGD 4.5 million, consistent with the previous fiscal year[48] - The group employed a total of 165 employees as of June 30, 2022, down from 169 in 2021[76] - Employee count increased from 162 in FY2021 to 165 in FY2022, indicating a growth in workforce[111] - The percentage of full-time employees rose from 58.6% in FY2021 to 67.9% in FY2022, indicating a shift towards more stable employment[154] - New employee count increased significantly from 16 in FY2021 to 39 in FY2022, a rise of 143.75%[154] Environmental and Sustainability Efforts - The company aims to deepen its sustainability efforts by monitoring environmental, social, and governance indicators and setting additional goals[89] - The company plans to reduce electricity and water consumption by 5% compared to the previous fiscal year[106] - The company aims to minimize waste generation, including waste from unsold products[106] - Greenhouse gas emissions decreased from 22 tons of CO2 equivalent in FY2021 to 15 tons in FY2022, representing a reduction of approximately 32%[111] - Total electricity consumption dropped by 58% from 1,671,176 kWh in FY2021 to 701,857 kWh in FY2022[121] Compliance and Governance - The company has a strong commitment to corporate governance and internal controls to maintain stakeholder trust and brand reputation[166] - The company has implemented a code of conduct and anti-corruption policies communicated to all new employees and directors[181] - The company adheres to relevant employment laws and regulations, ensuring compliance in its operations[191] - The company has not reported any significant violations of local labor laws in FY2022[145] Customer Relations and Brand Management - The company has a formal customer complaint management policy, addressing feedback through various channels and offering cash vouchers ranging from SGD 10 to SGD 50 to resolve issues[175] - The company has registered its brand logos and names as trademarks, with no reported cases of intellectual property infringement in the fiscal year 2022[176] - The company emphasizes responsible sourcing and evaluates suppliers based on food safety, product quality, and delivery performance[168] Community Engagement - The company actively participates in charitable activities to support local communities and prevent food waste by donating unsold products[182] - The focus areas for community contributions include education, environmental issues, labor needs, health, culture, and sports[199]