Financial Performance - The company reported a revenue of approximately HKD 170.6 million for the year, an increase of about 80.5% compared to HKD 94.5 million in the previous year[8]. - Gross profit rose from approximately HKD 16.4 million in the previous year to about HKD 34.1 million in the current year[8]. - The company recorded a profit attributable to owners of approximately HKD 19.2 million, compared to a loss of HKD 16.7 million in the previous year[8]. - Excluding a one-time gain of approximately HKD 15.0 million from the sale of properties, the profit attributable to owners was about HKD 4.2 million[8]. - The number of units sold for the year was 1,694,150, compared to 895,299 units in the previous year, reflecting a significant recovery in demand[20]. - Sales costs rose from HKD 78.1 million to HKD 136.4 million, an increase of approximately 74.7%, consistent with the increase in total sales volume[28]. - Other income decreased by approximately 55.7% from HKD 2.8 million to HKD 1.2 million, primarily due to the absence of government subsidies related to COVID-19 in the current year[30]. - The average selling price for outerwear decreased by 11.6% to HKD 181.5, while the average selling price for sweaters increased by 49.8% to HKD 106.5[24]. - The increase in revenue was attributed to a recovery in orders from several major countries as the impact of COVID-19 eased[19]. - The company reported a net profit attributable to owners of HKD 19.21 million, a turnaround from a loss of HKD 16.69 million in the previous year, achieving a net profit margin of 11.3%[53]. - Total assets return on equity improved to 49.8%, compared to -86.1% in the previous year, indicating a strong recovery in profitability[53]. - The basic and diluted earnings per share for the year was HKD 4.80, compared to a loss per share of HKD 4.17 in the previous year[192]. - The company reported a significant increase in cash and cash equivalents, rising to HKD 27,175,000 from HKD 10,274,000[194]. Market Performance - Revenue contribution from the Australian market increased from 19.3% in the previous year to 22.7% in the current year[9]. - The company plans to allocate more resources to the Australian market due to a decline in revenue from the U.S. market, which accounted for 46.3% of total revenue this year, down from 55.7% last year[10]. - The Australian market generated revenues of approximately HKD 17.64 million, HKD 18.28 million, and HKD 38.64 million for the fiscal years ending March 31, 2020, 2021, and 2022, respectively[59]. Cost Management - The company aims to maximize long-term returns for shareholders through cost reduction and efficiency improvements[11]. - Administrative expenses decreased from approximately HKD 26.4 million to about HKD 22.0 million, a reduction of approximately 16.6%[33]. - Financing costs decreased by approximately 23.5% from HKD 1.0 million to HKD 0.8 million, mainly due to a reduction in bank overdrafts[34]. - The company has taken measures to control high costs amid rising material and logistics expenses[65]. Corporate Governance - The company has a strong governance framework, emphasizing transparency and accountability to enhance shareholder value[80]. - The management team has extensive experience, with key members having over 30 years in their respective fields, including finance and marketing[74][75][77]. - The company is committed to maintaining good corporate governance policies and procedures since its listing[80]. - Independent directors provide independent judgment on the company's strategy, performance, resources, and ethical standards[72][73]. - The company has established a code of conduct for directors' securities trading, confirming compliance with GEM Listing Rules, with no known breaches during the year[82]. - The board consists of a majority of independent non-executive directors, meeting the requirement of at least one with appropriate professional qualifications or accounting expertise[84]. - The board held a total of 7 meetings during the year to review the group's financial and operational performance, with all executive directors attending all meetings[86]. - The company has implemented a policy for handling and disclosing inside information, ensuring compliance with the Securities and Futures Ordinance and GEM Listing Rules[83]. - The board is responsible for the overall management of the company, ensuring decisions are made in the best interest of the company[87]. Risk Management - The company closely monitors foreign exchange risks, particularly related to transactions in HKD, USD, and RMB[49]. - The group faces significant credit risk from customers and relies on several major clients without long-term contracts, which could adversely affect its business and financial performance[134]. - The group relies heavily on third-party manufacturers, with most suppliers located in China, exposing the business to risks from economic and political changes in the region[139]. - The company has identified significant improvements in internal controls and risk management during the audit process[187]. Shareholder Communication - The company has established multiple communication channels with shareholders, including annual general meetings and its website[125]. - The company has implemented a shareholder communication policy to keep shareholders informed and engaged[123]. - The company has adopted a dividend policy aimed at balancing shareholder interests with prudent capital management[127]. Future Plans - The company plans to open a quality control office in China, with an initial allocation of HKD 4.68 million fully utilized[54]. - The company aims to enhance its capabilities in sustainable clothing and sportswear, expanding its market reach beyond casual wear[65]. - The company will explore self-brand development and online sales platforms to generate long-term benefits for shareholders[65]. - The board believes that reallocating the use of net proceeds aligns with the company's business strategy and will not adversely affect its financial condition or operations[61]. Employee and Management - The total employee cost for the year was approximately HKD 20.0 million, down from HKD 23.7 million in the previous year, with a total of 43 employees as of March 31, 2022[51]. - The company has appointed a new executive director to oversee operations in the US representative office[64]. - The company has established a retirement benefits plan, details of which are included in the financial statements[155]. Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements reflect a true and fair view of the group's financial position as of March 31, 2022[173]. - The audit committee reviewed the consolidated financial statements and found them compliant with applicable reporting standards and GEM listing rules[170]. - The audit committee is responsible for overseeing the group's financial reporting process[183].

c e n t u r y 2021 2021 第三季度 業績報告 c e n t u r y THIRD 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，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，於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，同時無法保證於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季度報告內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本季度報告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本季度報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提 供有關愛世紀集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」或 「我們」）的資料，本公司董事（「董事」）願就本季度報告的資料共同及個別地承擔 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，本季度報告 所載的資料在所有 ...

Financial Performance - The group recorded unaudited revenue of approximately HKD 91.0 million for the six months ended September 30, 2021, representing an increase of approximately 108.0% compared to the same period in 2020[7]. - The group reported an unaudited profit of approximately HKD 0.5 million for the six months ended September 30, 2021, compared to a loss of HKD 7.2 million in the same period of 2020[7]. - The gross profit for the six months ended September 30, 2021, was HKD 15.65 million, up from HKD 8.31 million in the same period of 2020, indicating a significant improvement in profitability[8]. - The company achieved a turnaround with a profit attributable to owners of approximately HKD 0.5 million, compared to a loss of HKD 7.2 million in the previous year[48]. - The total comprehensive income for the period was HKD 521,000, compared to a total comprehensive loss of HKD 7,153,000 in the prior period, reflecting a turnaround in performance[11]. - The company reported a pre-tax profit of HKD 334,000 for the six months ended September 30, 2021, compared to a loss of HKD 235,000 in the same period of 2020[26]. Revenue and Sales - Revenue from product sales for the six months ended September 30, 2021, reached HKD 91,036,000, compared to HKD 43,759,000 in the same period of 2020, marking an increase of 108%[24]. - Revenue from external customers for the three months ended September 30, 2021, was HKD 62,501,000, a significant increase from HKD 26,569,000 in the same period of 2020, representing a growth of 135%[21]. - The total sales volume for finished products was 852,863 units, up from 419,836 units in the same period last year, indicating a significant increase in demand[52]. - The sales of outerwear accounted for 27.9% of total revenue, while the sales of T-shirts represented 11.2%[49]. Assets and Liabilities - The total assets as of September 30, 2021, amounted to HKD 83.37 million, compared to HKD 56.71 million as of March 31, 2021[9]. - The current liabilities increased to HKD 64.50 million as of September 30, 2021, from HKD 45.11 million as of March 31, 2021[10]. - The net current assets as of September 30, 2021, were HKD 18.86 million, compared to HKD 11.60 million as of March 31, 2021, reflecting improved liquidity[10]. - The company had a total equity of HKD 19,904,000 as of September 30, 2021, down from HKD 36,038,000 a year earlier, primarily due to accumulated losses[11]. - The group’s debt-to-equity ratio was approximately 97.3% as of September 30, 2021, compared to 136.1% as of March 31, 2021[67]. Cash Flow and Financing - Operating cash flow for the six months ended September 30, 2021, was HKD 13,350,000, a significant increase from a cash outflow of HKD 9,678,000 in the previous year[12]. - Cash and cash equivalents increased to HKD 24.13 million as of September 30, 2021, from HKD 10.27 million as of March 31, 2021, showing improved cash flow management[9]. - The company’s cash flow from investing activities showed a net inflow of HKD 8,855,000, compared to an outflow of HKD 9,077,000 in the previous year[12]. - The company’s financing activities resulted in a net cash outflow of HKD 148,000, compared to an outflow of HKD 3,550,000 in the previous year, indicating improved financing efficiency[12]. Expenses - The employee costs, including director remuneration, for the six months ended September 30, 2021, were HKD 10,149,000, down from HKD 12,130,000 in the same period of 2020[28]. - Administrative expenses decreased from approximately HKD 13.4 million for the six months ended September 30, 2020, to approximately HKD 11.4 million for the six months ended September 30, 2021, representing a reduction of about 15.3%[60]. - Financing costs increased by approximately 44.4%, from about HKD 0.4 million for the six months ended September 30, 2020, to about HKD 0.6 million for the six months ended September 30, 2021, primarily due to increased bank borrowings for operational funding[61]. Inventory and Trade Receivables - The group’s inventory as of September 30, 2021, was HKD 3.17 million, indicating the company is managing its stock levels effectively[9]. - Total trade receivables as of September 30, 2021, amounted to HKD 32,437,000, an increase of 41.2% from HKD 23,014,000 as of March 31, 2021[33]. Shareholder Information - Major shareholders, Giant Treasure, hold 280 million shares, representing 70% of the issued share capital[87]. - The company has not engaged in any arrangements allowing directors or their close associates to purchase shares or debt securities for profit during the six months ending September 30, 2021[90]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the six months ending September 30, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[98]. - The executive directors as of the report date include Mr. Liang Guoxiong and Ms. Tan Shufen, with independent non-executive directors being Ms. Zhang Huimin, Mr. Liu Youzhuan, and Mr. Li Guanting[99].

c e n t u r y 2021 2021 第一季度 業績報告 c e n t u r y FIRST QUARTERLY REPORT 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。有意投資的人土應了解投資於該等公司的潛在風險， 並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，於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，同時無法保證於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季度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，概不對因本季度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的任何損失承擔任何責任。 本季度報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關愛世紀集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」或「我們」） 的資料，本集團董事（「董事」）願就本季度報告的資料共同及個別地承擔全部責任。 各董事在作出一切合理查詢後，確認就 ...

i.century Holding Limited 愛世紀集團控股有限公司 股份代號 : 8507 (於開曼群島註冊成立之有限公司) c e n t u r y 2021 年 報 i.century H olding Limited 愛世紀集團控股有限 公 司 A n nual Report 2 021 年 報 c e n t u r y ANNUAL REPORT 2021 i.century Holding Limited 愛世紀集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 8507 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。有意投資的人土應了解投資於該等 公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，於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，同時無法保證於GEM買賣的證券會 有高流通量的市場。 香港交易及 ...

Financial Performance - The group recorded unaudited revenue of approximately HKD 62.7 million for the nine months ended December 31, 2020, a decrease of about 32.0% compared to HKD 92.1 million for the same period in 2019[11] - The unaudited loss for the nine months ended December 31, 2020, was approximately HKD 14.3 million, compared to an unaudited loss of HKD 11.0 million for the same period in 2019[11] - For the three months ended December 31, 2020, the group reported unaudited revenue of HKD 18.9 million, compared to HKD 13.3 million for the same period in 2019[12] - The gross profit for the nine months ended December 31, 2020, was HKD 11.4 million, down from HKD 15.6 million in the same period of 2019[12] - The group incurred a pre-tax loss of HKD 14.5 million for the nine months ended December 31, 2020, compared to a pre-tax loss of HKD 11.0 million for the same period in 2019[12] - The basic and diluted loss per share for the nine months ended December 31, 2020, was HKD 3.6, compared to HKD 2.8 for the same period in 2019[12] - The total equity attributable to owners of the company as of December 31, 2020, was HKD 21.7 million, down from HKD 42.0 million as of December 31, 2019[13] - The group reported other comprehensive loss of HKD 14.3 million for the nine months ended December 31, 2020[13] - The group reported a loss before tax of HKD 14,344,000 for the nine months ended December 31, 2020, compared to a loss of HKD 11,036,000 for the same period in 2019, representing an increase in loss of approximately 30%[26] - The basic loss per share for the nine months ended December 31, 2020, was HKD 35.86, compared to HKD 27.59 for the same period in 2019[26] - Total loss increased from approximately HKD 11.0 million for the nine months ended December 31, 2019, to approximately HKD 14.3 million for the nine months ended December 31, 2020, mainly due to a significant decrease in revenue[43] Revenue and Sales - Revenue from goods sales for the nine months ended December 31, 2020, was HKD 62,662,000, a decrease of 32% compared to HKD 92,149,000 for the same period in 2019[18] - The company’s revenue decline was primarily attributed to conservative procurement attitudes from clients and the impact of the COVID-19 pandemic[29] - The revenue from outerwear products accounted for 37.4% of total revenue in 2020, down from 48.8% in 2019[29] - Total sales volume decreased to 604,486 units for the nine months ended December 31, 2020, compared to 867,839 units for the same period in 2019[31] - The average selling price of jackets increased by 20.7% to HKD 208.0 in 2020, while the average selling price of T-shirts decreased by 27.8% to HKD 54.6[33] Expenses and Losses - The group experienced a significant increase in sales costs, totaling HKD 51.2 million for the nine months ended December 31, 2020, compared to HKD 76.6 million for the same period in 2019[12] - Sales and distribution expenses decreased by approximately 14.3% to about HKD 4.9 million for the nine months ended December 31, 2020, primarily due to travel restrictions caused by the COVID-19 pandemic[39] - Administrative expenses decreased from approximately HKD 21.2 million for the nine months ended December 31, 2019, to approximately HKD 19.9 million for the nine months ended December 31, 2020, a reduction of about 6.4%[40] - Financing costs increased from approximately HKD 0.6 million for the nine months ended December 31, 2019, to approximately HKD 0.7 million for the nine months ended December 31, 2020, primarily due to increased bank borrowings for operational funding[41] - The group recognized a loss of HKD 1,690,000 in depreciation of property, plant, and equipment for the nine months ended December 31, 2020[20] - The group incurred a loss of HKD 1,004,000 in bad debt write-offs for the nine months ended December 31, 2020[20] - The company experienced other losses of approximately HKD 2.2 million for the nine months ended December 31, 2020, compared to other income of about HKD 0.9 million in the same period in 2019[38] Government Support and Other Income - Other income for the nine months ended December 31, 2020, totaled HKD 1,828,000, significantly up from HKD 125,000 in the same period of 2019[19] - The group received government subsidies amounting to HKD 1,767,000 for the nine months ended December 31, 2020[19] - Other income increased to approximately HKD 1.8 million for the nine months ended December 31, 2020, from about HKD 0.1 million in the same period in 2019, mainly due to subsidies received under the employment support scheme[37] Dividends and Shareholder Information - The board does not recommend the payment of any dividends for the nine months ended December 31, 2020[11] - The company will not declare a dividend for the nine months ended December 31, 2020[45] - Major shareholders, Mr. Leung and Ms. Tam, each hold 280,000,000 shares, representing 70% of the company, through Giant Treasure Development Limited[47] Corporate Governance and Compliance - The company has appointed Da You Financing Limited as its compliance advisor as per GEM Listing Rule 6A.19[55] - The board has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15, with an exception for Rule A.2.1 regarding the separation of the roles of Chairman and CEO[56] - The company has adopted a code of conduct for securities transactions by directors, which meets the required standards of GEM Listing Rules 5.48 to 5.67, and no non-compliance has been reported as of December 31, 2020[57] - The audit committee, consisting of three independent non-executive directors, has reviewed the quarterly report and the unaudited consolidated results for the nine months ended December 31, 2020, confirming compliance with applicable accounting standards and GEM Listing Rules[60] Future Outlook - The company anticipates no short-term or long-term liquidity issues and will closely monitor developments related to the COVID-19 pandemic[44] - The company plans to focus on developing the Australian market, investing more resources to acquire new customers and build its brand image[46] Events After Reporting Period - There have been no significant events after December 31, 2020, that would impact the group's operations and financial performance[58]

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。有意投資的人土應了解投資於該等公司的潛 在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，於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，同時無法保證於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的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關愛世紀集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」或「我 們」）的資料，本集團董事（「董事」）願就本報告的資料共同及個別地承擔全部責 任。各董事在作出一切合理查詢後，確認就其所知及所信，本報告所載的資料 在所有重要方面均屬準確完備，沒有誤導或欺詐成分；及並無遺漏其他事宜， 足以令本報告所載任何陳述或本報告產生誤導。 愛世紀集團控股有限公 ...

Financial Performance - The group recorded unaudited revenue of approximately HKD 17.2 million for the three months ended June 30, 2020, a decrease of about 42.5% compared to HKD 29.9 million for the same period in 2019[6]. - The unaudited loss for the three months ended June 30, 2020, was approximately HKD 4.5 million, compared to a loss of HKD 5.4 million for the same period in 2019[6]. - Gross profit for the three months ended June 30, 2020, was HKD 2.987 million, down from HKD 4.907 million in the same period of 2019[7]. - Revenue from goods sold for the three months ended June 30, 2020, was HKD 17,190,000, a decrease of 42.6% compared to HKD 29,886,000 for the same period in 2019[13]. - The group reported a net loss before tax of HKD 4,522,000 for the three months ended June 30, 2020, compared to a loss of HKD 5,401,000 for the same period in 2019, indicating an improvement[18]. - Total loss attributable to owners decreased from approximately HKD 5.4 million for the three months ended June 30, 2019, to about HKD 4.5 million for the same period in 2020[36]. Expenses - The group incurred selling and distribution expenses of HKD 1.471 million for the three months ended June 30, 2020, compared to HKD 1.650 million in the same period of 2019[7]. - Administrative expenses decreased to HKD 6.286 million for the three months ended June 30, 2020, from HKD 7.106 million in the same period of 2019[7]. - The cost of sales for the three months ended June 30, 2020, was HKD 13,443,000, down from HKD 24,325,000 in the same period of 2019, reflecting a reduction of 44.7%[15]. - Employee costs, including directors' remuneration, totaled HKD 5,932,000 for the three months ended June 30, 2020, slightly up from HKD 5,643,000 in 2019[15]. - The sales cost decreased from approximately HKD 25.0 million in 2019 to about HKD 14.2 million in 2020, a reduction of approximately 43.1%[28]. - Administrative expenses decreased from approximately HKD 7.1 million in 2019 to about HKD 6.3 million in 2020, a reduction of approximately 11.5%[33]. - The sales and distribution expenses decreased from approximately HKD 1.7 million in 2019 to about HKD 1.5 million in 2020, a decrease of approximately 10.8%[32]. Dividends - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2020, consistent with the previous year[6]. - The group did not recommend any dividend for the three months ended June 30, 2020[19]. - No dividends were recommended for the three months ended June 30, 2020, consistent with the previous year[37]. Equity and Share Information - The total equity attributable to owners of the company as of June 30, 2020, was HKD 31.516 million, down from HKD 47.675 million as of June 30, 2019[8]. - The basic and diluted loss per share for the three months ended June 30, 2020, was HKD 1.1, compared to HKD 1.4 for the same period in 2019[7]. - The weighted average number of ordinary shares used to calculate basic loss per share was 400,000, unchanged from the same period in 2019[18]. Market and Sales Performance - The total sales volume for the three months ended June 30, 2020, was 138,939 units, a decrease from 194,217 units in 2019[25]. - The revenue breakdown by product category showed that jackets accounted for 56.6% of total revenue in 2020, down from 68.4% in 2019[22]. - The average selling price of jackets increased by 2.0% to HKD 186.9, while the average selling price of sweaters decreased by 45.0% to HKD 56.7[26]. - The proportion of revenue from the Australian market increased from 11.5% in 2019 to 16.3% in the fiscal year ended March 31, 2020[38]. Other Income and Taxation - Other income for the three months ended June 30, 2020, was HKD 49, slightly down from HKD 59 in the same period of 2019[7]. - Other income decreased by approximately 16.9% to about HKD 49,000 from HKD 59,000 in the previous year, primarily due to a reduction in interest income[30]. - Income tax credit for the three months ended June 30, 2020, was approximately HKD 41,000, compared to an income tax expense of about HKD 84,000 for the same period in 2019[35]. - The group has not made any provisions for Hong Kong profits tax, Chinese corporate income tax, or other overseas subsidiary taxes due to the absence of taxable profits during the period[17]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15, except for deviation from code provision A.2.1 regarding the separation of roles of Chairman and CEO[48]. - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with applicable accounting standards and GEM Listing Rules[51]. - There were no known business interests or potential conflicts of interest involving directors or major shareholders during the reporting period[46]. Future Outlook - The company will allocate more resources to strengthen growth in the Australian market, focusing on sustainable development concepts[38]. - The company will maintain a cautious approach in the uncertain European and American markets while preparing for potential demand rebounds[38]. Miscellaneous - The group recorded a net foreign exchange loss of HKD 9,000 for the three months ended June 30, 2020, compared to a gain of HKD 121,000 in the same period of 2019[14]. - The depreciation of property, plant, and equipment was HKD 458,000 for the three months ended June 30, 2020, compared to HKD 429,000 in 2019[15]. - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2020, with no significant impact on the financial statements[12]. - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended June 30, 2020[45]. - The company has not established any arrangements that would benefit directors or their close associates through the acquisition of shares or bonds during the reporting period[44]. - No significant matters affecting the group have been disclosed post-reporting period up to the report date[50].

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 意投資的人土應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，於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 時無法保證於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年報之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示，概不對因本年報全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本年報乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關愛世紀集團控股有限公司（「本公 司」，連同其附屬公司，統稱「本集團」或「我們」）的資料，本公司董事（「董事」）願就本年報的資料共同及個別地承 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，本年報所載的資料在所有重要方面均屬準確完 備，沒有誤導或欺詐成分；且並無遺漏其他事宜，足以令本年報所載任何陳述或本年報產生誤導。 目錄 | 公司資料 | 2- ...

Financial Performance - The group recorded unaudited revenue of approximately HKD 92.1 million for the nine months ended December 31, 2019, a decrease of about 3.9% compared to HKD 95.9 million for the same period in 2018[11]. - The group reported an unaudited loss of approximately HKD 11.0 million for the nine months ended December 31, 2019, compared to an unaudited loss of HKD 9.6 million for the same period in 2018[11]. - For the three months ended December 31, 2019, the group recorded revenue of HKD 13.3 million, down from HKD 17.7 million in the same period of 2018[12]. - The gross profit for the nine months ended December 31, 2019, was HKD 15.6 million, compared to HKD 14.4 million for the same period in 2018, reflecting an increase of approximately 8.0%[12]. - The basic and diluted loss per share for the nine months ended December 31, 2019, was HKD 2.8, compared to HKD 2.4 for the same period in 2018[12]. - The total sales volume for the nine months ended December 31, 2019, was 867,839 units, slightly down from 871,339 units in the same period of 2018[46]. - The company's loss attributable to owners increased from approximately HKD 9.6 million for the nine months ended December 31, 2018, to about HKD 11.0 million for the same period in 2019[62]. Expenses and Costs - Administrative expenses increased to HKD 21.2 million for the nine months ended December 31, 2019, compared to HKD 13.1 million for the same period in 2018, representing a rise of approximately 62.5%[12]. - The group incurred employee costs of HKD 18,197,000 for the nine months ended December 31, 2019, compared to HKD 9,577,000 for the same period in 2018[31]. - Selling and distribution expenses rose by approximately 17.4% from about HKD 4.9 million in 2018 to approximately HKD 5.7 million in 2019, attributed to salary increases and business expansion[55]. - Financing costs increased by approximately 78.9% from about HKD 0.3 million in 2018 to approximately HKD 0.6 million in 2019, primarily due to increased bank borrowings for operational funding[59]. Dividends and Equity - The board of directors did not recommend any dividend payment for the nine months ended December 31, 2019, consistent with the previous year[11]. - The total equity attributable to owners of the company as of December 31, 2019, was HKD 42.0 million, down from HKD 58.3 million at the beginning of the period[13]. - The company did not declare any dividends for the nine months ended December 31, 2019, compared to no dividends declared in 2018[63]. Market and Operational Insights - The group faced adverse impacts from conservative purchasing practices of U.S. clients and changes in business strategies of French clients[41]. - The group recorded rapid growth in the Australian market for the nine months ending December 31, 2019[64]. - A subsidiary has been established in Australia to enhance and explore further growth opportunities in that market[64]. - The group has representative offices in its main markets: the United States, France, and Australia, aiming for quick and efficient local customer response[64]. - Despite the signing of the US-China Phase One trade agreement, uncertainties from the trade dispute still pose challenges to the group[64]. - The recent outbreak of the coronavirus, particularly affecting suppliers in China, may impact the group's performance[64]. Accounting and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and have not been reviewed by the company's auditors[16]. - The group adopted HKFRS 16 on April 1, 2019, affecting the accounting for leases[19]. - The incremental borrowing rate applied to lease liabilities on April 1, 2019, was 2.74%[24]. - Lease liabilities are measured at the present value of remaining lease payments[25]. - The group expects that the adoption of HKFRS 16 will not have a significant impact on its financial statements, although it may have a substantial effect starting from April 1, 2019[28]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ended December 31, 2019, and found them compliant with applicable accounting standards and GEM Listing Rules[83]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15, except for deviation from code A.2.1 regarding the separation of the roles of Chairman and CEO[78]. - The company has established a code of conduct for securities transactions by directors, which meets the required standards of GEM Listing Rules[79]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2019[80]. Other Information - The group experienced a foreign exchange loss of HKD 10,000 related to overseas operations during the reporting period[12]. - The group’s auditor's remuneration increased to HKD 450,000 for the nine months ended December 31, 2019, from HKD 300,000 for the same period in 2018[31]. - The group’s tax expenses for the nine months ended December 31, 2019, included a deferred tax expense of HKD 74,000, compared to HKD 369,000 for the same period in 2018[34]. - Other income decreased by approximately 26.5% from about HKD 0.2 million in 2018 to approximately HKD 0.1 million in 2019, mainly due to a reduction in miscellaneous income[53]. - No significant events occurred after December 31, 2019, that would impact the group's operations and financial performance[82]. - The group will prudently and conservatively utilize the net proceeds from the share offering as stated in the prospectus[64].