Business Strategy and Market Expansion - The Group is focused on diversifying and creating new sales channels while enhancing operational efficiency through optimized processes[17]. - The Group aims to expand its customer base and supply channels, targeting both existing and emerging markets[17]. - The Group is actively exploring additional business opportunities, including selling other liquor products and providing related promotion and marketing services[17]. - The Group's strategy includes ongoing development of its wine and alcoholic beverage operations to strengthen its leading position in Hong Kong's wine industry[17]. - The Group is committed to driving further market expansion globally[17]. - Future strategies include expanding the customer base and supply channels, diversifying the business, and capitalizing on opportunities in existing and emerging markets[29]. - The Group aims to strengthen its leadership position in the Hong Kong wine industry and expand into global markets[29]. - The company is focusing on expanding its market presence and enhancing its product offerings through new strategies and technologies[105]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product portfolio[105]. - The company plans to establish distribution points in the Guangdong-Hong Kong-Macao Greater Bay Area over the next few years[120]. - The company envisions diversifying and expanding its business over the next decade[120]. Financial Performance - The Group's revenue increased by approximately 46.6% from approximately HK$147.7 million for the year ended March 31, 2023, to approximately HK$216.6 million for the year ended March 31, 2024[26]. - Profit for the year amounted to approximately HK$31.2 million, representing an increase of approximately 90.7% from approximately HK$16.3 million in the previous year[26]. - The increase in revenue was primarily driven by improved demand for wine products, while profit growth was supported by reduced selling and distribution expenses and administrative expenses due to cost reduction measures[26]. - The Group's gross profit increased by approximately 28.5% from approximately HK$59.7 million for the year ended March 31, 2023, to approximately HK$76.8 million for the Year, with a gross profit margin of approximately 35.4%[66]. - The increase in profit was mainly due to higher revenue, decreased selling and distribution expenses, and administrative expenses, partially offset by increased finance costs[82]. - The Group's current ratio improved from approximately 1.7 as at March 31, 2023, to approximately 1.9 as at March 31, 2024, due to increased inventories and trade receivables[66]. - The gearing ratio decreased from approximately 54.9% as at March 31, 2023, to approximately 45.6% as at March 31, 2024, indicating improved financial stability[66]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% growth compared to the previous year[131]. - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[131]. Cost Management and Operational Efficiency - The Group's operational efficiency is being enhanced through process optimization and the creation of new sales channels[29]. - Selling and distribution expenses decreased from approximately HK$12.4 million for the year ended March 31, 2023, to approximately HK$10.9 million for the Year, attributed to cost reduction measures[66]. - Administrative expenses decreased from approximately HK$21.7 million for the year ended March 31, 2023, to approximately HK$16.4 million for the Year, mainly due to reduced depreciation and cost efficiency measures[67]. - The Group aims to optimise operational cost efficiency as part of its strategy for sustainable long-term performance[49]. - The company has implemented new technology solutions aimed at improving operational efficiency, projected to reduce costs by 5% annually[131]. Corporate Governance and Compliance - The company is committed to corporate governance and internal control to ensure operational efficiency[106]. - The company has adhered to all provisions of the corporate governance code during the year, except for specific deviations explained in the corporate governance report[121]. - The Board has reviewed the Shareholders' Communication Policy and confirmed its appropriateness and effective implementation for the Year[150]. - The Company recognizes the importance of timely disclosure of corporate information to enable shareholders to make informed investment decisions[150]. - The Board encourages shareholders to attend general meetings to raise concerns directly with management[150]. - The Company provides shareholders with contact details for inquiries, including a telephone hotline and email address[150]. Environmental, Social, and Governance (ESG) Initiatives - The Group actively responds to environmental policies such as carbon neutrality, energy conservation, and waste reduction[158]. - The Board is responsible for the Group's ESG strategies, management approach, and reporting, ensuring effective ESG risk management[159]. - The Group has set targets for material ESG issues, including greenhouse gas emissions, waste management, energy consumption, and water consumption[158]. - The Group's environmental policy aims to manage its environmental footprint across its operating markets, with no material non-compliance reported regarding air and GHG emissions[172]. - The Group is committed to minimizing adverse environmental impacts by improving existing policies and incorporating green practices in daily operations[172]. - The Group has set a goal to conduct two recycling activities annually starting from the year ending 31 March 2023 to raise employee awareness on waste reduction[177]. - The gender ratio in the workforce, including senior management, is 50% female and 50% male, reflecting adherence to gender equality principles[196]. - The Group has been awarded the Caring Company Logo for the seventh consecutive year, recognizing its contributions to community services and donations[166]. Employee and Management Information - Total employee benefit expenses amounted to approximately HK$12.2 million and HK$10.4 million for the years ended March 31, 2023, and 2024, respectively[100]. - The Group's total number of employees decreased from 30 to 24 between March 31, 2023, and 2024[100]. - The remuneration package for employees is assessed annually to ensure competitiveness[100]. - The management team is focused on executing board policies and strategies to achieve the group's strategic objectives[138]. - The company has a strong leadership team with extensive experience in the wine industry and financial management[115].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 216,553,000, a 46.7% increase from HKD 147,727,000 in the previous year[4] - Gross profit for the same period was HKD 76,753,000, up 28.5% from HKD 59,728,000 year-on-year[4] - The company's net profit for the year was HKD 31,159,000, representing a significant increase of 91.0% compared to HKD 16,335,000 in the prior year[4] - Basic and diluted earnings per share rose to HKD 7.80, compared to HKD 4.15 in the previous year, marking an increase of 87.7%[4] - The company reported a total comprehensive income of HKD 31,170,000 for the year, compared to HKD 16,356,000 in the previous year, an increase of 91.0%[4] - Profit before tax increased to HKD 31,201 thousand in 2024, up from HKD 16,599 thousand in 2023, reflecting an increase of 88.1%[24] - The group recorded a net profit of approximately HKD 31.2 million for the year, compared to HKD 16.3 million for the previous year, driven by increased revenue and cost-saving measures[41] Revenue and Sales - Revenue from wine products increased to HKD 126,415 thousand in 2024, up from HKD 70,069 thousand in 2023, representing an increase of 80.5%[15] - Total revenue for the year reached HKD 216,553 thousand, compared to HKD 147,727 thousand in the previous year, marking a growth of 46.6%[15] - The group's revenue increased by approximately 46.6% from about HKD 147.7 million to approximately HKD 216.6 million for the year ending March 31, 2024[31] Costs and Expenses - The cost of goods sold for the year was HKD 139,800 thousand, up from HKD 87,999 thousand in the previous year, an increase of 58.7%[21] - Financing costs rose to HKD 9,294 thousand in 2024 from HKD 5,789 thousand in 2023, an increase of 60.5%[20] - Administrative expenses decreased from about HKD 21.7 million to approximately HKD 16.4 million, mainly due to reduced depreciation and ongoing cost-saving measures[38] - The company’s total employee costs decreased to HKD 10,375 thousand in 2024 from HKD 12,196 thousand in 2023, a reduction of 14.9%[21] Assets and Liabilities - Total assets as of March 31, 2024, were HKD 294,482,000, an increase from HKD 264,815,000 in the previous year[6] - The company's cash and cash equivalents decreased to HKD 2,889,000 from HKD 5,754,000, indicating a reduction in liquidity[5] - Inventory levels increased to HKD 152,822,000 from HKD 138,765,000, reflecting a 10.1% rise year-on-year[5] - Trade receivables rose to HKD 52,304,000, up from HKD 44,804,000, indicating a 16.3% increase[5] - The current ratio improved from approximately 1.7 to 1.9, attributed to increases in inventory and trade receivables, along with a decrease in bank borrowings[44] - The debt-to-equity ratio decreased from approximately 54.9% to 45.6%[44] Dividends and Shareholder Information - The company did not declare or propose any dividends for both years, maintaining a consistent policy[25] - The board did not recommend a final dividend for the year, consistent with the previous year[42] - As of the announcement date, Ms. Wang Zilu holds a 70% stake in the company[63] - The company confirms that all directors and major shareholders have complied with their non-competition agreements during the year[65] Financing and Investments - The group has secured a financing letter from Chuang Hing Bank for a total amount of up to HKD 70 million, which includes a new three-year term loan and trade financing[59] - The group has entered into a financing letter with Fubon Bank for a total amount of up to HKD 18 million for trade financing and revolving loans[60] - The company has accepted a new bank financing letter from Lender A, totaling up to HKD 73,000,000, which includes a three-year term loan and other trade and loan financing[61] - An overdraft facility of up to HKD 3,000,000 is also included in the renewed financing letter, subject to Lender A's approval[61] Operational Strategies - The company plans to continue expanding its market presence and investing in new product development to drive future growth[11] - The group is actively seeking additional business opportunities, including the sale of other alcoholic beverages and providing marketing services for new product divisions[56] - The group is focused on optimizing operational cost efficiency and diversifying its business portfolio for sustainable long-term development[56] - The group has established a tracking and reporting system to monitor foreign exchange rate fluctuations and adjust procurement strategies accordingly[54] - The group has ceased holding any foreign currency-denominated collateral bank deposits since October 2016 to manage foreign exchange risks[54] - The group believes that its listing on the GEM enhances its corporate visibility and market recognition, improving its bargaining power with suppliers[56] Compliance and Audit - The audit committee has reviewed the audited consolidated financial statements for the year, confirming compliance with applicable accounting standards and GEM listing rules[70] - The company has begun evaluating the impact of new and revised Hong Kong Financial Reporting Standards but has not determined any significant effects on its operational performance[13] - The group has not reported any significant contingent liabilities as of March 31, 2024, and March 31, 2023[52]

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 84,674,000, a 38.3% increase compared to HKD 61,197,000 for the same period in 2022[5] - Gross profit for the six months was HKD 23,898,000, representing a slight increase of 3.8% from HKD 23,019,000 in the previous year[5] - The company achieved a profit before tax of HKD 5,370,000, up 47.0% from HKD 3,656,000 in the same period last year[5] - Net profit attributable to owners of the company for the six months was HKD 3,743,000, an increase of 49.1% compared to HKD 2,509,000 in 2022[7] - Basic and diluted earnings per share for the six months were HKD 0.94, compared to HKD 0.63 for the same period in 2022, reflecting a 49.2% increase[7] - The company reported a total comprehensive income of HKD 3,723,000 for the six months, up from HKD 2,339,000 in the previous year[7] - The company reported a net profit of HKD 3,743,000 for the six months ended September 30, 2023, compared to HKD 2,509,000 for the same period in 2022, representing a year-on-year increase of 49.0%[12] - The company’s total comprehensive income for the six months ended September 30, 2023, was HKD 3,781,000, compared to HKD 2,509,000 in the previous year, reflecting a growth of 50.7%[12] Assets and Liabilities - The company’s total assets as of September 30, 2023, were HKD 269,082,000, a decrease from HKD 276,840,000 as of March 31, 2023[9] - The company’s cash and cash equivalents decreased significantly to HKD 105,000 from HKD 5,754,000 at the end of the previous reporting period[9] - The company’s inventory increased to HKD 144,167,000 from HKD 138,765,000, indicating a 3.0% rise[9] - The company’s non-current assets increased to HKD 154,296,000 from HKD 154,524,000, showing a slight decrease[9] - Total equity as of September 30, 2023, was HKD 267,027,000, up from HKD 246,948,000 as of March 31, 2022, indicating a growth of 8.2%[12] - The company’s total liabilities decreased from HKD 1,069,000 to HKD 1,350,000, indicating a reduction in financial obligations[12] Cash Flow and Financing - Operating cash flow before changes in working capital for the six months ended September 30, 2023, was HKD 14,214,000, an increase of 25.5% from HKD 11,339,000 in the same period of 2022[13] - The company raised new bank borrowings of HKD 40,652,000 during the six months ended September 30, 2023, slightly down from HKD 41,709,000 in the same period of 2022[14] - The net cash used in investing activities was HKD 307,000 for the six months ended September 30, 2023, compared to HKD 33,000 in the previous year[14] - The company reported a decrease in cash and cash equivalents of HKD 5,490,000 for the period, compared to a decrease of HKD 226,000 in the same period of 2022[14] - Financing costs for the six months ended September 30, 2023, totaled HKD 4,372,000, up from HKD 2,162,000 in the same period of 2022, marking an increase of 102%[29] Revenue Sources - For the three months ended September 30, 2023, total customer contract revenue was HKD 45,818,000, a significant increase from HKD 27,950,000 in the same period of 2022, representing a growth of 64%[23] - Wine product sales accounted for HKD 45,037,000 for the three months ended September 30, 2023, compared to HKD 3,707,000 in the same period of 2022, indicating a substantial increase of 1,115%[23] - The total revenue from other income for the six months ended September 30, 2023, was HKD 30,000, down from HKD 373,000 in the same period of 2022, indicating a decline of 92%[26] Expenses - Selling and distribution expenses decreased from about HKD 7.0 million to about HKD 5.9 million due to ongoing cost reduction efforts[51] - Administrative expenses reduced from about HKD 10.9 million to about HKD 8.1 million, mainly due to decreased employee costs and depreciation[53] - The company’s total employee costs for the six months ended September 30, 2023, were HKD 5,510,000, a decrease from HKD 7,030,000 in the same period of 2022, representing a reduction of 22%[30] - Income tax expenses rose by approximately 26.0% from about HKD 1.3 million to about HKD 1.7 million due to increased taxable profits[55] Corporate Governance - The company has adopted all applicable principles of the corporate governance code as per GEM Listing Rules Appendix 15, except for the separation of roles between the Chairman and the CEO, which is currently held by Ms. Wang Zilu[92] - Ms. Wang Zilu was appointed as the Chairman of the Board and CEO on September 14, 2023, which deviates from the corporate governance code[92] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards and GEM Listing Rules[95] - The company is committed to maintaining a high level of corporate governance to protect shareholder interests and enhance company value[92] Shareholder Information - As of September 30, 2023, the company has a total of 400,000,000 shares issued, with major shareholders holding 70% of the shares[78] - Ms. Wang Zilu and Mr. Ding Zhiwei collectively hold 280,000,000 shares, representing 70% of the company's issued share capital[80] - The company is committed to ensuring that its major shareholders maintain at least 50% beneficial ownership[82] Future Outlook - The company is exploring collaborations with other alcoholic beverage brands to expand revenue sources and achieve synergies with existing operations[76] - The company aims to enhance its business portfolio and believes that ongoing developments will drive sustainable growth in the long term[76]

Wine’s Link International Holdings Limited 威 揚 酒 業 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號： 8509） 截至二零二三年九月三十日止六個月之中期業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM之定位，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之公 司帶有較高投資風險。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之 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買賣之證券可能會較於主板買賣之證券承受較 大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所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。 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）而提供有關威揚酒業國際控股有 限公司（「本公司」）之資料，本公司之董事（「董事」）願就本公告共同及個別承擔全部責任。董 事在作出 ...

Financial Performance - Revenue for the first quarter of 2023 was HKD 38,856,000, an increase of 16% compared to HKD 33,247,000 in the same period of 2022[5] - Gross profit for the first quarter was HKD 11,535,000, slightly down by 2% from HKD 11,786,000 year-on-year[5] - Profit before tax increased to HKD 2,316,000, up 12% from HKD 2,070,000 in the previous year[5] - Net profit for the period was HKD 1,664,000, representing a 13% increase from HKD 1,473,000 in the same quarter of 2022[5] - Basic earnings per share rose to HKD 0.42, compared to HKD 0.39 in the first quarter of 2022[5] - Total comprehensive income for the period was HKD 1,675,000, up from HKD 1,473,000 year-on-year[5] Expenses and Costs - The company reported a financing cost of HKD 2,209,000, which increased significantly from HKD 787,000 in the previous year[5] - Administrative expenses decreased to HKD 4,825,000 from HKD 5,539,000, reflecting a reduction of 13%[5] - Sales and distribution expenses were reduced to HKD 2,321,000, down from HKD 3,814,000, indicating a 39% decrease[5] - The cost of sales increased by approximately 27.3% from about HKD 21.5 million in Q2 2022 to about HKD 27.3 million in Q2 2023, directly related to the increase in revenue[32] - Financing costs rose to HKD 2,209 thousand in Q2 2023 from HKD 787 thousand in Q2 2022, primarily due to increased bank borrowings[21] - Other income decreased significantly from HKD 268 thousand in Q2 2022 to HKD 14 thousand in Q2 2023, primarily due to the absence of government grants[17] Shareholder Information - The company’s total equity as of June 30, 2023, was HKD 264,979,000, compared to HKD 246,948,000 as of June 30, 2022[6] - As of June 30, 2023, the major shareholders collectively hold 70% of the company's equity[45] - As of June 30, 2023, the company has issued a total of 400,000,000 shares, with Shirz Limited and Mr. Ding Zhiwei collectively holding 280,000,000 shares, representing 70% ownership[53] Business Development - The company is actively exploring new business opportunities, including promotional and marketing services for wine brands and products[30] - The company has developed its own brand of alcoholic beverages, enhancing its product portfolio[30] - The company is exploring opportunities to provide marketing consultancy services to assist Chinese liquor brands in entering the Hong Kong and other markets, aiming to diversify revenue sources[49] - The company has secured a financing letter for up to HKD 63 million to support future expansion and operations[44] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[68] - The company did not declare any dividends for the current period, consistent with the previous year[28] - The company does not recommend any dividend payment for the current period[42] Stock and Financing - The financing agreement established on November 26, 2021, includes trade financing of HKD 48,000,000, a term loan of HKD 20,000,000, and an overdraft facility of HKD 3,000,000[55] - The company has a stock option plan that allows for the issuance of up to 40,000,000 shares, which constitutes 10% of the total issued share capital as of the report date[59] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the reporting period[61]

Wine’s Link International Holdings Limited 威 揚 酒 業 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8509） 截至二零二三年六月三十日止三個月之第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，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之公 司帶有較高投資風險。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之 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買賣之證券可能會較於聯交所主板買賣之證券 承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所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份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。 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）而提供有關威揚酒業國際控股有 限公司（「本公司」）之資料，本公司之董事（「董事」）願就本公告共同及個別承擔全部責任。董 事在 ...

Financial Performance - The Group's revenue decreased by approximately 33.6% from approximately HK$222.4 million for the year ended 31 March 2022 to approximately HK$147.7 million for the year ended 31 March 2023[20]. - Profit for the year amounted to approximately HK$16.3 million, representing a decrease of approximately 20.6% from HK$20.6 million in the previous year[20]. - Profit attributable to owners of the Company was approximately HK$16.6 million, down from HK$21.2 million in 2022[20]. - The decline in revenue and profit was primarily due to decreased demand for products caused by external challenges, including the global economic downturn and tightening monetary policies[20]. - The gross profit decreased by approximately 10.3% from approximately HK$66.6 million for the year ended March 31, 2022, to approximately HK$59.7 million for the Year[37]. - Other income decreased from approximately HK$3.4 million for the year ended March 31, 2022, to approximately HK$0.9 million for the Year[39]. - Selling and distribution expenses decreased from approximately HK$16.9 million for the year ended March 31, 2022, to approximately HK$12.4 million for the Year[41]. - Administrative expenses decreased from approximately HK$23.6 million to approximately HK$21.7 million, attributed to a decrease in legal and professional fees[47]. - Finance costs increased from approximately HK$2.7 million to approximately HK$5.8 million, primarily due to increased interest on bank borrowings[48]. - Income tax expense decreased by approximately 11.2% from approximately HK$5.7 million to approximately HK$5.0 million, mainly due to a decrease in estimated assessable profit[49]. Business Strategy and Market Position - The Group aims to adapt its strategies in response to the ongoing economic challenges and market conditions[20]. - Future outlook includes potential market expansion and product development to enhance revenue streams[20]. - The Group aims to strengthen its leading position in the wine industry in Hong Kong while expanding its market share globally[25]. - The Group is focusing on developing products under its self-owned brands to seize opportunities in the wine industry[31]. - The Group has established a retail store in a prime location in Kowloon and is enriching its product portfolio with wineries, particularly from French regions[24]. - The Group has focused on diversifying its income streams by developing self-owned brands alongside trading well-known wine products[107]. - The company is adapting its business strategies to address external challenges and uncertainties in the market[108]. - The Group emphasizes the creation of new sales channels and geographical expansion to enhance its business[109]. - The company aims to expand sustainable global trade in wine and spirits distribution, focusing on partnerships that understand market needs and share a passion for wine[162]. - The distribution network plans to establish a presence in the Guangdong-Hong Kong-Macao Greater Bay Area in the coming years[162]. Corporate Governance and Management - The Group has complied with all relevant laws and regulations in Hong Kong during the year, ensuring adherence to GEM Listing Rules and the Securities and Futures Ordinance[88][89]. - The Board has resolved to change the unutilized net proceeds to general working capital as of June 10, 2022[106]. - The Board consists of two executive Directors, one non-executive Director, and three independent non-executive Directors[168]. - The Company has at least one independent non-executive Director with appropriate professional qualifications or accounting expertise, satisfying GEM Listing Rules[177]. - The Board is responsible for major policy matters, strategies, budgets, and significant operational matters of the Company[180]. - Daily operations and management are delegated to executive Directors and senior management, who report periodically to the Board[181]. - The Board meets at least four times a year, with additional meetings as necessary[165]. - The appointment of Directors is recommended by the Remuneration and Nomination Committees and approved by the Board[178]. - The Company maintains a balanced composition of executive, non-executive, and independent non-executive Directors to ensure effective management[175]. - The Board of Directors is responsible for leading and controlling the company, ensuring sound internal controls and risk management systems[185]. Employee and Operational Metrics - As of March 31, 2023, the total number of employees decreased to 30 from 45 in the previous year, with total employee benefit expenses amounting to approximately HK$12.2 million, down from HK$14.9 million in 2022[83][85]. - The current ratio increased from approximately 1.6 to approximately 1.7, mainly due to a decrease in inventories and an increase in deposits paid to suppliers[58]. - Gearing ratio increased from approximately 53.4% to approximately 54.9% as of March 31, 2022, and 2023, respectively[59]. Risk Management and Compliance - The Group has established a tracking and reporting system to monitor foreign currency exchange risks, particularly related to purchases from suppliers outside Hong Kong[82][84]. - The Group has not implemented a foreign currency hedging policy but will consider it if exposure to foreign currency risk increases[82]. - The management team is tasked with implementing board policies and strategies, as well as handling daily administrative matters[163]. - The company is focused on risk management and ensuring a robust control system is in place[163]. - Directors are required to act in good faith and in the best interests of the company and its shareholders, focusing on business strategy and financial performance[196]. Leadership and Board Composition - Ms. Yeung has been the director and general manager of Dynasty International Group Holdings Limited since its founding in November 2006, overseeing corporate governance and internal control[123]. - Ms. Chan Man Ki has been an independent non-executive director since June 2019, serving on the Audit Committee and Remuneration Committee[134]. - Mr. Chan Cham Man Simon was appointed as an independent non-executive director on December 1, 2021, and is the chairman of the Investment Management Committee[130]. - The company has received annual confirmations of independence from all independent non-executive Directors, affirming their independence[193]. - Regular board meetings are held with at least 14 days' notice, and board papers are sent at least three days prior to meetings[192].

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 部份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。 Wine’s Link International Holdings Limited 威 揚 酒 業 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8509） 截至二零二三年三月三十一日止年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，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 所上市之公司帶有較高投資風險。有意投資者應了解投資於該等公司之潛在風險， 並應經過審慎周詳之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買賣之證券可能會較於聯交所主 板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高 流通量之市場。 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）而提供有關威揚酒業 國際控股有限公司（「本公司」）之資料，本公司之董事（「董事」）願就本公告共同及 個別承擔全部責任 ...

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，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之公 司帶有較高投資風險。 有意投資者應了解投資於該等公司之潛在風險， 並應經過審慎周詳之 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買賣之證券可能會較於主板買賣之證券承受較 大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 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份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。 本報告載有遵照聯交所GEM證券上市規則（「GEM上市規則」） 而提供有關威揚酒業國際控股 有限公司（「本公司」）之資料，本公司之董事（「董事」）願就本報告共同及個別承擔全部責任。 董事在作出一切合理查詢後確認， 就彼等所深知及確信， 本報告所載資料在所有重大方面均 屬準確及完整， 亦無誤導或欺詐成分， 且本報告並無遺漏任何其他事宜而致使當中任何陳述 產生誤導。 1 威揚酒業國際控股有限公司 2022年第三季度報告 目錄 ...

Financial Performance - For the six months ended September 30, 2022, the company reported total revenue of HKD 108,742,000, an increase of 29.1% compared to HKD 84,244,000 for the same period in 2021[6] - Gross profit for the same period was HKD 23,019,000, representing a gross margin of 21.2%, compared to HKD 17,034,000 and a gross margin of 20.2% in the previous year[6] - The company achieved a net profit attributable to owners of HKD 2,509,000 for the six months, compared to HKD 170,000 in the prior year, marking a significant increase[6] - Basic and diluted earnings per share for the period were HKD 0.63 and HKD 0.63 respectively, compared to HKD 0.88 and HKD 0.88 in the same period last year[6] - The company reported a decrease in pre-tax profit to HKD 3,656,000 for the six months ended September 30, 2022, from HKD 5,825,000 in the same period of 2021[18] - The company reported a pre-tax profit of HKD 38,178 thousand for the six months ended September 30, 2022, compared to HKD 84,244 thousand for the same period in 2021[6] - Profit attributable to owners of the company was approximately HKD 2.5 million, down from HKD 3.5 million in the same period of 2021[72] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 253,458,000, a slight increase from HKD 248,644,000 as of March 31, 2022[10] - The company's total liabilities were HKD 155,864,000, resulting in a net asset value of HKD 97,594,000[10] - Trade receivables as of September 30, 2022, amounted to HKD 47,605 thousand, a decrease from HKD 49,138 thousand as of March 31, 2022[54] - Trade payables as of September 30, 2022, were HKD 2,298 thousand, an increase from HKD 1,546 thousand as of March 31, 2022[57] - The current ratio remained stable at approximately 1.6 as of March 31, 2022, and September 30, 2022, with net current assets of approximately HKD 96.8 million and HKD 92.4 million, respectively[76] - The debt-to-equity ratio increased from approximately 53.4% as of March 31, 2022, to 56.3% as of September 30, 2022[76] Cash Flow - The operating cash flow for the six months ended September 30, 2022, was HKD 14,830,000, compared to HKD 5,532,000 for the same period in 2021, representing a significant increase[18] - The net cash generated from operating activities was HKD 8,505,000 for the six months ended September 30, 2022, up from HKD 6,624,000 in the previous year[18] - The net cash used in investing activities was HKD 33,000 for the six months ended September 30, 2022, compared to a net cash outflow of HKD 18,872,000 in the same period of 2021[20] - The net cash used in financing activities was HKD 8,764,000 for the six months ended September 30, 2022, compared to HKD 11,052,000 in the previous year[20] - The cash and cash equivalents decreased to HKD 473,000 at the end of the period, down from HKD 25,145,000 in the previous year[20] Revenue Breakdown - The total revenue for wine products was HKD 34,908,000 for the six months ended September 30, 2022, compared to HKD 102,403,000 in the same period of 2021, indicating a decline[31] - The revenue from other alcoholic beverages was HKD 25,930,000 for the six months ended September 30, 2022, down from HKD 5,521,000 in the previous year[31] - The company's revenue decreased by approximately 43.7% from about HKD 108.7 million for the six months ended September 30, 2021, to about HKD 61.2 million for the current period[60] - The cost of sales decreased by approximately 54.7% from about HKD 84.2 million for the six months ended September 30, 2021, to about HKD 38.2 million for the current period[61] - Gross profit decreased by approximately 6.0% from about HKD 24.5 million for the six months ended September 30, 2021, to about HKD 23.0 million for the current period[64] - The overall gross profit margin increased to approximately 37.6% for the six months ended September 30, 2022, compared to approximately 22.5% for the same period in 2021[64] Operational Highlights - The company plans to expand its market presence and enhance product offerings in the upcoming quarters, focusing on new product development and technology advancements[6] - The company is committed to maintaining a strong financial position while exploring potential mergers and acquisitions to drive growth[6] - The company is focusing on developing its own brand products in response to external challenges affecting consumer demand[59] - The company aims to expand its business footprint by diversifying and creating new sales channels[94] - The company has created its own brand to diversify revenue sources and achieve synergies with existing businesses[94] Corporate Governance - The board of directors confirmed that the financial information presented is accurate and complete, with no misleading elements[2] - The company has maintained a high level of corporate governance to protect shareholder interests and enhance company value[123] - The company has complied with all provisions of the corporate governance code, except for the insurance for legal actions against directors, which was not obtained during the reporting period[123] - The audit committee, established on December 18, 2017, reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards and GEM listing rules[126] - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance during the reporting period[122] Employee and Cost Management - The total employee costs for the six months ended September 30, 2022, were HKD 7,030 thousand, compared to HKD 7,324 thousand for the same period in 2021[6] - The total number of employees decreased from 45 as of March 31, 2022, to 26 as of September 30, 2022, with total employee benefits expenses of approximately HKD 7.0 million for the six months ended September 30, 2022[92] - Sales and distribution expenses decreased from approximately HKD 8.3 million for the six months ended September 30, 2021, to approximately HKD 7.0 million in the current period, attributed to reduced frontline sales and marketing expenses[67] - Administrative expenses slightly decreased from approximately HKD 11.7 million for the six months ended September 30, 2021, to approximately HKD 10.9 million in the current period, mainly due to a reduction in legal and professional fees[69] - Financing costs increased from approximately HKD 1.4 million for the six months ended September 30, 2021, to approximately HKD 2.2 million in the current period, primarily due to increased mortgage loan interest[70] - Income tax expenses decreased from approximately HKD 2.6 million for the six months ended September 30, 2021, to approximately HKD 1.3 million in the current period, mainly due to a reduction in estimated taxable profits[71] Shareholder Information - As of September 30, 2022, the company had a total of 400 million shares issued, with a major shareholder holding 70% of the shares[100][106] - The company is committed to ensuring that its major shareholders maintain at least 50% beneficial ownership[110][112] - The company has adopted a share option scheme since December 18, 2017, with no options granted, exercised, cancelled, or lapsed since its adoption[116] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the reporting period[117] - The company has not reported any changes in director information since the last annual report, except for specific appointments and resignations[124] Future Outlook - The company is closely monitoring external challenges and uncertainties, adjusting its business strategy prudently[94] - The company believes that its ongoing developments will optimize its business portfolio and promote sustainable growth in the long term[94] - The company has secured financing agreements with banks, including a revolving loan of HKD 50 million and a credit facility of HKD 30 million[110][112] - The company allocated HKD 38.9 million for increasing warehouse storage capacity, and HKD 23.3 million for establishing new retail stores in Hong Kong[95]