香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的 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的任何損失承擔任何責任。 Top Standard Corporation （於開曼群島註冊成立的有限公司） （股份代號：8510） 截至二零二三年三月三十一日止三個月的 第一季度業績公告 Top Standard Corporation（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其 附屬公司截至二零二三年三月三十一日止三個月的未經審核第一季度業績。 本公告列載本公司二零二三年第一季度報告（「二零二三年第一季度報告」）全文， 符合聯交所GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公告 附載資料的相關要求。載有GEM上市規則規定資料的二零二三年第一季度報告的 印刷版本，將於適當時候以GEM上市規則所規定方式寄發予本公司股東。 承董事會命 Top Standard Corporation 主席兼執行董事 祝嘉輝 香港，二零二三年五月十五日 於本公告日期，執行董事為祝嘉輝先生及應勤民先生； ...

Financial Performance - Total revenue for the year ended December 31, 2022, was approximately HKD 12,500,000, an increase from HKD 6,600,000 for the year ended December 31, 2021[10]. - Total comprehensive expenses for the year ended December 31, 2022, were approximately HKD 8,800,000, compared to HKD 3,100,000 for the year ended December 31, 2021[10]. - The company reported a net income of approximately HKD 30.27 million for the year ended December 31, 2022, compared to HKD 44.19 million for the previous year, reflecting a decrease of about 31.5%[64]. - Basic loss per share for the year ended December 31, 2022, was approximately HKD 0.54, compared to HKD 0.25 for the year ended December 31, 2021, consistent with the increase in total losses and comprehensive expenses[26]. - Total losses and comprehensive expenses for the year ended December 31, 2022, amounted to approximately HKD 8,800,000, up from HKD 3,100,000 for the year ended December 31, 2021, reflecting the cumulative impact of various factors and the transition from profit to loss in discontinued operations[25]. Revenue Drivers - The increase in revenue was primarily due to the acquisition of "The Code" bar and the establishment of new restaurants MEW (Hong Kong) and MEW (Singapore)[15]. - The acquisition of "The Code" bar contributed to the overall revenue increase for the fiscal year[15]. - The revenue from continuing operations increased, and losses decreased, indicating positive signals from the strategy of exploring new business opportunities[42]. - The subsidiary Xxperience Lifestyle restaurant in Singapore contributed approximately HKD 1,200,000 in revenue during the year[162]. Cost and Expenses - Employee costs for the year ended December 31, 2022, were approximately HKD 5,400,000, up from HKD 3,400,000 for the year ended December 31, 2021[17]. - The cost of raw materials and consumables increased from approximately HKD 1,200,000 for the year ended December 31, 2021, to approximately HKD 4,200,000 for the year ended December 31, 2022[16]. - Other expenses rose from approximately HKD 4,400,000 for the year ended December 31, 2021, to approximately HKD 7,800,000 for the year ended December 31, 2022, mainly due to the full-year contributions from "The Code" and "MOW" and new restaurant contributions[24]. Assets and Liabilities - As of December 31, 2022, the group's total assets were approximately HKD 10,100,000, down from HKD 16,700,000 as of December 31, 2021, with total liabilities and shareholders' deficit amounting to approximately HKD 25,900,000 and HKD 15,800,000, respectively[28]. - The group's interest-bearing loans totaled approximately HKD 343,000 as of December 31, 2022, a significant increase from HKD 50,000 as of December 31, 2021, with a bank overdraft interest rate of 14.13%[33]. - The group's current liabilities exceeded current assets by HKD 18,542,000 as of December 31, 2022, compared to HKD 3,396,000 a year earlier[157]. - The total liabilities of the group exceeded total assets by HKD 15,773,000 as of December 31, 2022, up from HKD 6,984,000 in the previous year[157]. Business Strategy and Outlook - The company remains optimistic about the recovery of the restaurant industry as Hong Kong and the world return to normalcy post-COVID-19[11]. - The company plans to continue exploring new business opportunities to diversify and stabilize its revenue sources[11]. - The management is actively seeking potential expansion opportunities in Hong Kong and overseas to diversify and stabilize revenue sources[42]. - The group anticipates improvement in the overall economic environment and the food and beverage business as the impact of COVID-19 diminishes, aiming to recover from past challenges[42]. - The company has opened new restaurants, including "Sushi Miao (Hong Kong)" and "Sushi Miao (Singapore)" as part of its expansion strategy[57]. Governance and Compliance - The company has established a whistleblowing policy for employees and business associates to report fraud or unethical behavior, ensuring confidentiality and anonymity[181]. - The anti-corruption policy mandates compliance with relevant laws and outlines integrity requirements for all directors and employees[182]. - The company has complied with all relevant laws and regulations without any significant violations during the year[101]. - The board has established mechanisms to ensure independent viewpoints are maintained within its operations[136]. - The company has adopted the GEM Listing Rules as its own code of conduct for securities trading by directors and employees[138]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of its business and strategies[194]. - The company has reviewed the implementation and effectiveness of its shareholder communication policy for the year ending December 31, 2022, concluding that the policy is effective[194]. - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting within two months of submission[197]. - The company's articles of association have been amended to comply with GEM listing rules and to allow for hybrid or electronic meetings[200].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的 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的任何損失承擔任何責任。 Top Standard Corporation （於開曼群島註冊成立的有限公司） （股份代號：8510） 截至二零二二年十二月三十一日止年度之 年度業績公告 Top Standard Corporation（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其 附屬公司截至二零二二年十二月三十一日止年度的經審核年度業績。 本公告列載本公司二零二二年度全年業績報告（「年報」）全文，符合聯交所GEM 證券上市規則（「GEM上市規則」）中有關年度業績初步公告附載資料的相關要求。 載有GEM上市規則規定資料的年報的印刷版本，將於適當時候以GEM上市規則 所規定方式寄發予本公司股東。 承董事會命 Top Standard Corporation 主席兼執行董事 祝嘉輝 香港，二零二三年三月三十一日 於本公告日期，執行董事為祝嘉輝先生及應勤民先生；獨立非執行董事為王青雲 先生、鄧照明先生及葉祺 ...

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該等公司的潛 在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所 主板買賣的證券承受較大的市場波動風險，同時無法保證在GEM 買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關Top Standard Corporation（「本公司」）的資料；本公司董事（「董 事」）就本報告的資料共同及個別承擔全部責任。各董事作出一切合理查詢後確 認，就彼等所深知及確信，本報告所載資料在各重大方面均準確完整，並無誤 導或欺詐成分，及並無遺漏任何其他事項，以致本報告所載任何陳述或本報告 產生誤導。 董事會（「董事會」）謹此呈報，本公司及其附屬公司（統稱「本集團」） ...

Top Standard Corporation （於開曼群島註冊成立的有限公司） 股份代號：8510 中期報告 2022 香港聯合交易所有限公司（「聯交所」）GEM（「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該等公司的潛 在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所 主板買賣的證券承受較大的市場波動風險，同時無法保證在GEM 買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關Top Standard Corporation（「本公司」，連同其附屬公司，「本集 團」）的資料；本公司董事（「董事」）就本報告的資料共同及個別承擔全部責任。 各董事作出一切合理查詢後確 ...

Top Standard Corporation （於開曼群島註冊成立的有限公司） 股份代號：8510 2021 年 報 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該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場波動 風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告的資料乃遵照《聯交所 GEM 證券上市規則》（「GEM 上市規則」）而刊載，旨在提供有關 Top Standard Corporation（「本公司」，連同其附屬公司，「本集團」或「我們」）的資料；本公司董事（「董事」）就本報告的資料共同 及個別承擔全部責任。各董事作出一切合理查詢後確認，就彼等所深知 ...

2021 第三季度 業績報告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資該等公司的潛 在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所 主板買賣的證券承受較大的市場波動風險，同時無法保證在GEM 買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關Top Standard Corporation（「本公司」）的資料；本公司董事（「董 事」）就本報告的資料共同及個別承擔全部責任。各董事作出一切合理查詢後確 認，就彼等所深知及確信，本報告所載資料在各重大方面均準確完整，並無誤 導或欺詐成分，及並無遺漏任何其他事項，以致本報告所載任何陳述或本報告 ...

2021 中期報告 INTERIM REPORT 2021 中期報告 TOP STANDARD CORPORATION 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該等公司的潛 在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所 主板買賣的證券承受較大的市場波動風險，同時無法保證在GEM 買賣的證券 會有高流通量的市場。 於截至二零二一年六月三十日止六個月： 於截至二零二一年六月三十日止三個月： 中期報告 2021 • TOP STANDARD CORPORATION 2 • 本集團錄得未經審核收益約16,800,000港 元（ 二 零 二 零 年： 14,700,000港元），較截至二零二零年六月三十日止相應期間增加約 14.3%；及 • 本集團錄得未經審核本公司擁有人應佔虧損約1,000,000港元（二零 二零年：50,700,000港元）。 • 本集團錄得未經審核收益約8,700,000港元（二零 ...

2021 第一季度 業績報告 TOP STANDARD CORPORATION • 第一季度業績報告 2021 1 董事會（「董事會」）宣佈，本公司及其附屬公司（統稱「本集團」）截至二零二一 年三月三十一日止三個月之未經審核簡明綜合業績，連同二零二零年同期之未 經審核比較數字載列如下： 未經審核簡明綜合損益及其他全面收入表 截至二零二一年三月三十一日止三個月 截至三月三十一日 | | | 止三個月 | | | --- | --- | --- | --- | | | | 二零二一年 | 二零二零年 | | | | 千港元 | 千港元 | | | 附註 | 未經審核 | 未經審核 | | 持續經營業務 | | | | | 收入 | 5 | 8,022 | 6,308 | | 其他收入 | | 531 | 116 | | 其他虧損 | | (21) | – | | 已使用原材料及耗材 | | (2,449) | (2,288) | | 員工成本 | | (3,577) | (2,866) | | 物業及設備折舊 | | – | (818) | | 使用權資產折舊 | | – | (863) | | 以下各項的減值虧 ...

Financial Performance - For the nine months ended December 31, 2020, the total revenue was approximately HKD 21,900,000, a decrease from approximately HKD 36,500,000 for the previous fiscal year[12]. - The total comprehensive income for the same period was approximately HKD 14,200,000, compared to total expenses of approximately HKD 94,000,000 for the previous fiscal year[12]. - The total comprehensive income for the nine months ended December 31, 2020, was approximately HKD 14,200,000, a significant turnaround from a loss of about HKD 94,000,000 for the year ended March 31, 2020[29]. - Basic earnings per share for the nine months ended December 31, 2020, was approximately HKD 0.0153, compared to a loss of about HKD 0.1177 per share for the year ended March 31, 2020[30]. - As of December 31, 2020, the group reported a loss of HKD 2,717,000 for the nine months, compared to a loss of HKD 31,259,000 for the previous fiscal year[179]. Impact of COVID-19 - The decline in revenue was primarily due to the ongoing impact of COVID-19, which led to reduced customer traffic and consumption sentiment in the restaurant industry[13]. - The company estimates that the impact of COVID-19 will depend on the effectiveness of preventive measures and the duration of the pandemic[57]. - The COVID-19 pandemic significantly impacted the company's restaurant business, with ongoing monitoring of its effects on operations and financial status[132]. Cost Control and Operational Measures - The company has intensified cost control measures related to raw material procurement and other operational costs, resulting in a downward trend in various costs[13]. - The cost of raw materials and consumables decreased from approximately HKD 12,700,000 to about HKD 6,800,000 due to reduced usage caused by COVID-19 and changes in the fiscal year-end[20]. - Employee costs reduced from approximately HKD 12,900,000 to about HKD 9,100,000, primarily due to a decrease in employee numbers and salary adjustments[21]. - Cost reduction measures were implemented, including adjustments to employee numbers and operating costs to enhance sustainability[59]. - The management is committed to maintaining profitability and market competitiveness through ongoing cost control and exploration of new opportunities[14]. Business Strategy and Development - The company is currently establishing a distribution network and researching the implementation of an online sales platform for food and beverages[13]. - The company will continue to explore new business opportunities to maintain market position and diversify revenue sources[14]. - The group plans to establish an online platform to sell and distribute premium Japanese beef and wine, anticipating immediate cash flow from this new business[183]. - The company is actively controlling costs related to raw material procurement and operations in response to the impact of COVID-19, which has begun to show positive results[57]. Financial Position and Assets - The total assets as of December 31, 2020, were approximately HKD 12,700,000, an increase from about HKD 9,000,000 as of March 31, 2020[37]. - The group’s cash and bank balances increased to approximately HKD 9,000,000 from about HKD 1,200,000 as of March 31, 2020[37]. - The total liabilities of the group exceeded total assets by HKD 15,758,000 as of December 31, 2020, compared to HKD 64,978,000 for the previous fiscal year[179]. - The group has cash and cash equivalents of HKD 9,024,000, which, combined with the new loan, supports operational sustainability[183]. Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[134]. - The board of directors consists of two executive directors and three independent non-executive directors as of the report date[145]. - The company has adopted mandatory trading standards for directors in compliance with GEM listing rules, confirming adherence to these standards for the nine months ending December 31, 2020[162]. - The board regularly reviews the delegation of authority and responsibilities to ensure effective governance[164]. Legal and Compliance Issues - The company has received multiple lawsuits related to overdue rent and salaries, which have been recognized in other payables and accrued expenses[50]. - The company faced claims totaling HKD 629,404 related to unpaid director fees as of February 1, 2021[130]. - A claim of HKD 2,777,566 was made by Times Square Limited regarding unpaid rent and related expenses on February 16, 2021[130]. - There are no significant legal proceedings or arbitrations involving the company as of December 31, 2020[123]. Risk Management - The company has established a risk management policy and formal risk assessment system, identifying key risks annually that may impact operations[188]. - The board reviewed the effectiveness of the risk management and internal control systems and found them to be effective and adequate[192]. - The internal audit function is managed by the company secretary and the financial director, reporting at least annually to the board[191]. Shareholder Information - The board of directors did not recommend the payment of a final dividend for the nine months ended December 31, 2020[52]. - The company has maintained at least 25% of its issued shares held by the public as of December 31, 2020[136]. - The company has not established any equity-linked agreements that would lead to the issuance of shares as of December 31, 2020[109].