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之任何損失承擔任何責任。 IAG HOLDINGS LIMITED 官醞控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8513） 有關截至二零二一年十二月三十一日止年度 年報之 補充公告 | --- | |-------------------------------------------------------------------------------| | | | 有關截至二零二一年十二月三十一日止年度年報之補充公告 | | 除年報提供的資料外，董事會謹此向股東提供有關 (i) 對品豪集團截至二零二一年十二 | | 月三十一日止年度運營相關的銷售業績造成不利影響；及 (ii) 品豪集團於二零二一年 | | 十二月三十一日的估值所採用的估值方法較上一年度的變動的補充資料。 | 玆提述官醞控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二零二二年三月 三十日刊發的截至二零二一年十二月三十一日止年度的 ...

Financial Performance - For the six months ended June 30, 2022, the group's unaudited profit was approximately SGD 7.8 million, a decrease of about SGD 2.5 million or 24.3% compared to SGD 10.3 million for the same period in 2021[5]. - The unaudited loss for the six months ended June 30, 2022, was approximately SGD 0.9 million, compared to a profit of SGD 0.2 million for the same period in 2021[5]. - Basic and diluted loss per share for the six months ended June 30, 2022, was SGD 0.19, while for the same period in 2021, it was a profit of SGD 0.07 per share[5]. - The company reported a total comprehensive loss of SGD 1,008 thousand for the six months ended June 30, 2022, compared to a total comprehensive income of SGD 283 thousand for the same period in 2021[8]. - The company reported a loss for the period of SGD 938,000 compared to a profit of SGD 219,000 in the previous year[38]. - The overall gross profit decreased by approximately SGD 1.9 million or 76.0%, falling to approximately SGD 0.6 million for the six months ended June 30, 2022, from approximately SGD 2.5 million for the same period last year[94]. - The overall gross profit margin dropped from approximately 24.3% for the six months ended June 30, 2021, to about 7.7% for the same period in 2022[94]. Revenue and Expenses - The total revenue for the six months ended June 30, 2022, was SGD 7,781 thousand, down from SGD 10,308 thousand in the same period of 2021[8]. - For the six months ended June 30, 2022, total revenue was SGD 7,781,000, a decrease of 24.8% from SGD 10,308,000 for the same period in 2021[38]. - The cost of goods sold for the same period was SGD 3,762,000, down from SGD 4,057,000, reflecting a reduction of 7.3%[39]. - Employee benefits expenses decreased to SGD 2,464,000 from SGD 2,984,000, a decline of 17.4%[41]. - The total employee cost for the six months ended June 30, 2022, was approximately SGD 2.5 million, compared to SGD 3.0 million for the same period in 2021[105]. - Administrative expenses decreased by approximately SGD 0.5 million or 27.8%, from approximately SGD 1.8 million for the six months ended June 30, 2021, to about SGD 1.3 million for the same period in 2022[95]. Assets and Liabilities - The total assets as of June 30, 2022, were SGD 20,283 thousand, a decrease from SGD 20,909 thousand as of December 31, 2021[10]. - The total liabilities as of June 30, 2022, were SGD 8,920 thousand, down from SGD 10,160 thousand as of December 31, 2021[12]. - The equity attributable to the company's equity holders as of June 30, 2022, was SGD 10,752 thousand, compared to SGD 10,100 thousand as of December 31, 2021[12]. - The total lease liabilities decreased to SGD 2,409,000 as of June 30, 2022, from SGD 3,042,000 as of December 31, 2021, indicating a reduction of 20.8%[62]. - Trade payables as of June 30, 2022, amounted to SGD 1,351 million, up 21.2% from SGD 1,115 million as of December 31, 2021[80]. Cash Flow - For the six months ended June 30, 2022, the operating cash flow before tax loss was SGD (926) thousand, compared to a profit of SGD 343 thousand in the same period of 2021, representing a significant decline[18]. - The net cash generated from operating activities for the six months ended June 30, 2022, was SGD 2,034 thousand, down from SGD 2,859 thousand in the previous year, indicating a decrease of approximately 29%[18]. - The cash and cash equivalents at the end of the period increased to SGD 6,267 thousand from SGD 6,108 thousand year-over-year, reflecting a growth of about 2.6%[21]. - The financing activities net cash inflow for the six months ended June 30, 2022, was SGD 374 thousand, a recovery from a net cash outflow of SGD (1,082) thousand in the same period of 2021[21]. Shareholder Information - The board of directors did not recommend the payment of dividends for the six months ended June 30, 2022[5]. - The group did not recommend any interim dividend for the six months ended June 30, 2022[106]. - The weighted average number of ordinary shares issued (basic) increased to 483,996,000 shares in 2022 from 460,000,000 shares in 2021, representing a growth of 5.2%[56]. - The company issued 92 million new shares on June 16, 2022, raising SGD 1,622 million at a price of SGD 0.10 per share[77]. - The net proceeds from the share issuance, after deducting listing expenses, amounted to approximately SGD 6.0 million[114]. Risk and Compliance - The company continues to face financial risks including market risk, credit risk, and liquidity risk, which are consistent with the previous fiscal year[28]. - The company has not reported any significant changes in its credit risk exposure, with no collateral held against trade receivables as of the reporting date[75]. - The company has complied with the corporate governance code, except for the provision that the roles of chairman and CEO should be separated, which is currently not the case[137]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial information for the six months ended June 30, 2022, and found it compliant with applicable accounting standards[140]. Future Outlook - The company plans to focus on cost management and operational efficiency to improve future performance[40]. - The company has not recognized any impairment provisions for receivables as of the reporting date, indicating a stable credit risk environment[75]. - The company has established a trading code for directors in accordance with GEM Listing Rules, and all directors confirmed compliance with these standards for the six months ended June 30, 2022[138].

IAG Holdings Limited 官酝控股有限公司 (於開量群島註冊成立的有限公司) 股份代號 : 8513 2022 季度業績報告 第 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，該等公司較其他在聯交所上市的 公司可能具有更高投資風險。有意投資者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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證 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」）的規定而刊載，旨在提供 有關官醞控股有限公司（「本公司」，連同其附屬公司，「本集團」）的資料；本公司的董 事（「董事」）願就本報告共同及個別地承擔全部責任。董事在作出一切合理查詢後確認， 就彼等所深知及確信，本報告所載資料在各重大方 ...

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|--------------------------------|----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | IAG Holdings Limited | | | | | | | | | | | | | | | | 官酝控股有限公司 | | | | | | | (於開曼群島註冊成立的有限公司) | | | | | | | | | | | | | | | | 股份代號：8513 | | | | | | | | | | | | | | | | | | | 2021 | | | | | | | | | | | | | | | | | | | | ...

IAG Holdings Limited 官酝控股有限公司 ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 股份代號 : 8513 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，該等公司較其他在聯交所上市 的公司可能具有更高投資風險。有意投資者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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證 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」）的規定而刊載，旨在提供 有關官酝控股有限公司（「本公司」，連同其附屬公司，「本集團」）的資料；本公司的董 事（「董事」）願就本報告共同及個別地承擔全部責任。董事在作出一切合理查詢後確 認，就彼等所深知及 ...

Financial Performance - The group's unaudited revenue for the six months ended June 30, 2021, was approximately SGD 10.3 million, compared to SGD 10.3 million for the same period in 2020[4] - The group's unaudited profit for the six months ended June 30, 2021, was approximately SGD 0.2 million, slightly up from SGD 0.2 million in the previous year[4] - Basic and diluted earnings per share for the six months ended June 30, 2021, were SGD 0.07, an increase from SGD 0.03 for the same period in 2020[4] - The total comprehensive income for the six months ended June 30, 2021, was SGD 0.283 million, compared to SGD 0.214 million in the previous year[4] - The group reported a gross profit of SGD 2.47 million for the six months ended June 30, 2021, compared to SGD 2.27 million in the same period of 2020[7] - The group’s operating profit for the six months ended June 30, 2021, was SGD 0.472 million, down from SGD 0.543 million in the previous year[7] - For the six months ended June 30, 2021, the company reported a total comprehensive income of 329,000 SGD, compared to a loss of 110,000 SGD in the same period of 2020, representing a significant turnaround[17] - Operating cash flow for the six months ended June 30, 2021, was 3,035,000 SGD, a substantial increase from 46,000 SGD in the prior year[17] - The company recorded a net profit of SGD 219,000 for the six months ended June 30, 2021, compared to SGD 204,000 in the same period of 2020, reflecting an increase of 7.35%[33] Assets and Liabilities - Total assets as of June 30, 2021, were SGD 30.704 million, down from SGD 32.159 million as of December 31, 2020[8] - The total liabilities as of June 30, 2021, were SGD 12.741 million, a decrease from SGD 14.479 million as of December 31, 2020[11] - The company’s total liabilities decreased from 4,557,000 SGD as of June 30, 2020, to 3,584,000 SGD as of June 30, 2021, indicating improved financial health[13] - The total equity attributable to the company's equity holders as of June 30, 2021, was 17,963,000 SGD, up from 17,014,000 SGD at the end of the previous period[13] - Trade receivables as of June 30, 2021, amounted to SGD 4,990,000, a decrease of 24.5% from SGD 6,609,000 as of December 31, 2020[76] - Trade payables as of June 30, 2021, were SGD 1,659,000, down 19% from SGD 2,045,000 as of December 31, 2020[86] - The company’s other receivables decreased from SGD 2,589,000 to SGD 638,000 from December 31, 2020, to June 30, 2021[76] - The company’s total liabilities related to trade and other payables were SGD 3,586,000 as of June 30, 2021, compared to SGD 4,274,000 as of December 31, 2020[86] Expenses - Employee benefits expenses for the six months ended June 30, 2021, were SGD 2,984,000, up from SGD 2,870,000 in 2020, marking an increase of 3.97%[42] - Research and development expenses for the six months ended June 30, 2021, were SGD 244,000, compared to SGD 190,000 in 2020, representing an increase of 28.42%[42] - The total cost of goods sold for the six months ended June 30, 2021, was SGD 4,057,000, a decrease from SGD 4,563,000 in the same period of 2020, indicating a reduction of 11.09%[42] - Administrative expenses decreased by approximately SGD 0.4 million or 19.1% to about SGD 1.8 million, mainly due to a reduction in legal and professional fees[104] - Unallocated expenses for the six months ended June 30, 2021, totaled SGD 1,835,000, compared to SGD 1,555,000 in the same period of 2020, indicating an increase of 18.06%[33] Taxation and Interest - Total income tax expense for the six months ended June 30, 2021, was SGD 124,000, down from SGD 183,000 in 2020, a decrease of 32.18%[51] - Interest expenses for lease liabilities decreased to SGD 90,000 in 2021 from SGD 118,000 in 2020, representing a reduction of 23.73%[49] - The total interest expenses for the six months ended June 30, 2021, amounted to SGD 129,000, down from SGD 156,000 in 2020, a decrease of 17.31%[49] Shareholder Information - As of June 30, 2021, the major shareholders include Mr. Pan with a 44.35% stake and Ms. Huang with a 44.35% stake in the company[139] - As of June 30, 2021, the major shareholder, Tianyun Global Limited, holds 204,000,000 shares, representing 44.35% of the company's total shares[149] - Ms. Shi Huiling owns 30,000,000 shares, accounting for 6.52% of the company's total shares[149] - The company has a stock option plan with 40,000,000 options available for issuance, which represents approximately 8.7% of the total issued shares as of June 30, 2021[153] - No stock options were granted during the six months ending June 30, 2021, and there were no unexercised stock options as of that date[157] Corporate Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing financial statements and overseeing internal control procedures[162] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which is currently held by Mr. Pan[159] - The unaudited condensed consolidated financial information for the six months ending June 30, 2021, has been reviewed by the audit committee and complies with applicable accounting standards[165] Future Outlook - The company anticipates increased volatility in the second half of 2021 due to uneven vaccination rates, rising cost pressures, and escalating US-China tensions[99] - The group plans to utilize the remaining proceeds for various projects, including upgrading IT systems and enhancing sales and marketing services[128] - The group has delayed the full utilization of funds for developing and enhancing the injection molding business due to increased trade tensions and global economic uncertainties[130] Miscellaneous - The company did not recommend any dividend payment for the six months ended June 30, 2021[4] - The company has not engaged in any significant acquisitions or disposals during the six months ended June 30, 2021[123] - There were no significant adverse impacts on the financial performance due to the COVID-19 pandemic as of the report date[134] - The report will be published on the stock exchange and the company's website for at least seven days from the publication date[166]

Financial Performance - For the three months ended March 31, 2021, the group's unaudited revenue was approximately SGD 5.1 million, an increase of about SGD 273,000 or 5.7% compared to SGD 4.8 million for the same period in 2020[5]. - The group recorded an unaudited loss of approximately SGD 62,000 for the three months ended March 31, 2021, a significant improvement from a loss of SGD 173,000 for the same period in 2020[5]. - Gross profit for the three months ended March 31, 2021, was SGD 1.145 million, compared to SGD 943,000 for the same period in 2020[9]. - Operating profit for the three months ended March 31, 2021, was SGD 50,000, compared to an operating loss of SGD 47,000 for the same period in 2020[9]. - The total comprehensive loss for the three months ended March 31, 2021, was SGD 38,000, compared to a loss of SGD 131,000 for the same period in 2020[11]. - The company reported a basic and diluted loss per share of SGD 0.00 for the three months ended March 31, 2021, compared to a loss of SGD 0.04 for the same period in 2020[11]. - Revenue for the first quarter ended March 31, 2021, was SGD 5,084 thousand, an increase of 5.7% compared to SGD 4,811 thousand in the same period of 2020[20]. - The company reported a loss attributable to equity holders of SGD 3 thousand for the first quarter, an improvement from a loss of SGD 185 thousand in the same period of 2020[35]. - Basic and diluted loss per share for the first quarter was not significant, compared to a loss of 0.04 Singapore cents in the previous year[35]. - The net loss for the same period was approximately SGD 62,000, a significant improvement from a net loss of SGD 173,000 for the three months ended March 31, 2020[43]. Expenses and Costs - Cost of goods sold for the first quarter was SGD 2,077 thousand, a decrease of 2.9% from SGD 2,140 thousand in the previous year[22]. - Employee benefits expenses rose to SGD 1,557 thousand, up 4.2% from SGD 1,495 thousand in the first quarter of 2020[22]. - Research and development expenses significantly increased to SGD 197 thousand, compared to SGD 48 thousand in the same period last year, reflecting a growth of 310.4%[22]. - The group’s administrative expenses decreased to SGD 994,000 for the three months ended March 31, 2021, from SGD 1.125 million for the same period in 2020[9]. - Other income for the three months ended March 31, 2021, was SGD 43,000, down from SGD 254,000 for the same period in 2020[9]. - Interest expenses related to lease liabilities decreased to SGD 45 thousand from SGD 60 thousand in the previous year[23]. - Government grants received increased to SGD 30 thousand from SGD 24 thousand in the same period last year[20]. - The sales cost for the three months ended March 31, 2021, was approximately SGD 3.9 million, with enhanced cost control measures implemented[48]. - Administrative expenses decreased by approximately SGD 131,000 or 11.6% to about SGD 1.0 million for the same period[50]. Dividends and Shareholder Information - The board of directors did not recommend the payment of dividends for the three months ended March 31, 2021[5]. - The company did not declare an interim dividend for the quarter ended March 31, 2021[39]. - As of March 31, 2021, the major shareholder, Tianyun Global Limited, holds 204,000,000 shares, representing 44.35% of the company's total shares[61]. - Ms. Shi Huiling, another major shareholder, owns 30,000,000 shares, accounting for 6.52% of the company's total shares[61]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ending March 31, 2021[62]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules, with no non-compliance incidents reported for the three months ending March 31, 2021[75]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial information for the three months ending March 31, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[79]. - The chairman and CEO roles are held by the same individual, Mr. Pan, who has been managing the group since 1981, which the board believes is in the best interest of the company and its shareholders[75]. Share Options and Interests - The share option plan adopted on December 19, 2017, allows for a maximum of 40,000,000 shares to be issued, which is 10% of the total issued shares at the time of listing[66]. - No share options were granted during the three months ending March 31, 2021, and there were no unexercised options as of that date[71]. - The company has not disclosed any interests or conflicts of interest among its directors or major shareholders as of the report date[72]. - The company has not reported any insider trading activities related to its share options plan[68]. - The company’s share option plan is valid for ten years from the adoption date unless terminated early by shareholders[68]. - The company’s board of directors has the discretion to determine the eligibility criteria for participants in the share option plan[66]. Business Operations - The company primarily engages in the manufacturing and sale of disposable medical device components and trading of Chinese alcoholic beverages[14]. - The company continues to explore and enhance its product development capabilities despite the impact of COVID-19 on its operations[44]. - The Chinese liquor trading business did not generate any revenue during the three months ended March 31, 2021, but discussions with distributors are ongoing[44]. - The fair value of identifiable net assets of Savour Talent Global Limited at the acquisition date was determined to be SGD 1.938 million[41]. - The acquisition cost for Savour Talent Global Limited was HKD 16 million, with a potential performance bonus not exceeding HKD 48 million[40]. - The company issued 33,333,333 new shares on April 20, 2020, following the achievement of performance targets related to the acquisition of Savour Talent Global Limited[41].

IAG Holdings Limited 官酝控股有限公司 ANNUAL REPORT ANN UAL REPORT 2020 年報 股份代號 : 8513 （於開曼群島註冊成立的有限公司） 2020 2020 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，該等公司較其他在聯交所上市的公司具有 更高投資風險。有意投資者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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於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」）的規定而刊載，旨在提供有關官酝控 股有限公司（「本公司」，連同其附屬公司，「本集團」）的資料；本公司的董事（「董事」）願就本報告 共同及個別地承擔全部責任。董事在 ...

Financial Performance - For the nine months ended September 30, 2020, the group's unaudited revenue was approximately SGD 17.1 million, an increase of approximately SGD 6.5 million or 61.3% compared to SGD 10.6 million for the same period in 2019[5]. - The group's unaudited profit for the nine months ended September 30, 2020, was approximately SGD 0.8 million, compared to a loss of approximately SGD 1.8 million for the same period in 2019[5]. - Basic and diluted earnings per share for the nine months ended September 30, 2020, were 0.16 Singapore cents, compared to a loss of 0.46 Singapore cents for the same period in 2019[5]. - The gross profit for the nine months ended September 30, 2020, was SGD 4.1 million, compared to SGD 0.7 million for the same period in 2019[9]. - Operating profit for the nine months ended September 30, 2020, was SGD 1.4 million, compared to an operating loss of SGD 1.6 million for the same period in 2019[9]. - The total comprehensive income for the nine months ended September 30, 2020, was SGD 0.8 million, compared to a total comprehensive loss of SGD 1.8 million for the same period in 2019[12]. - The company reported a profit attributable to equity holders of SGD 731,000 for the nine months, a turnaround from a loss of SGD 1,849,000 in the same period last year[38]. - The overall gross profit increased by approximately SGD 3.4 million or 485.7% to about SGD 4.1 million for the nine months ended September 30, 2020, with a gross profit margin rising from approximately 6.5% to about 24.0%[48]. Revenue Sources - Revenue for the nine months ended September 30, 2020, was SGD 17,140,000, an increase of 61.5% compared to SGD 10,639,000 for the same period in 2019[22]. - Sales of goods contributed SGD 16,652,000 to revenue, up from SGD 10,501,000, reflecting a growth of 58.5% year-over-year[22]. - The company recorded other income of SGD 0.87 million for the nine months ended September 30, 2020, compared to SGD 0.19 million for the same period in 2019[9]. - Other income increased to SGD 866,000 from SGD 188, marking a significant rise of 360.6%[23]. - The new business activities in China related to the development, manufacturing, and installation of gaming machines and equipment generated approximately SGD 2.3 million in revenue[46]. - The Chinese wine trading business began generating revenue starting from the third quarter of 2020[43]. Expenses and Costs - Cost of goods sold for the nine months was SGD 13,035,000, compared to SGD 9,950,000 in the previous year, representing a 31.1% increase[26]. - Total expenses for the nine months were SGD 16,623,000, up from SGD 12,386,000, indicating a 34.5% increase[26]. - The administrative expenses increased by approximately SGD 1.1 million or 50.0% to about SGD 3.3 million for the nine months ended September 30, 2020, primarily due to salaries and benefits related to new business activities in China[51]. - Research and development expenses increased to SGD 271,000 from SGD 113,000, reflecting a growth of 139.8%[26]. - The sales cost rose by approximately SGD 3.0 million or 30.0% to about SGD 13.0 million for the nine months ended September 30, 2020, consistent with the increase in revenue[47]. Dividends and Shareholder Information - The board of directors did not recommend the payment of dividends for the nine months ended September 30, 2020[6]. - The company did not recommend an interim dividend for the nine months ended September 30, 2020[39]. - As of September 30, 2020, the major shareholder, Tianyun Global Limited, owns 204,000,000 shares, representing 44.35% of the company's total shares[75]. - Ms. Shi Huiling holds 30,000,000 shares, accounting for 6.52% of the company's total shares[75]. Corporate Governance and Compliance - The company has adhered to the corporate governance code based on GEM listing rules, with compliance noted for the nine months ending September 30, 2020[90]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial data for the nine months ending September 30, 2020, ensuring compliance with applicable accounting standards and GEM listing rules[94]. - The company has confirmed that all directors have complied with the trading standards for securities transactions as per GEM listing rules for the nine months ending September 30, 2020[91]. Stock Options and Share Buybacks - The company has not granted any stock options as of September 30, 2020, under its stock option plan adopted on December 19, 2017[86]. - The stock option plan allows for a maximum of 10% of the issued shares to be granted, which equates to 40,000,000 shares[81]. - No stock options have been exercised or granted in the nine months ending September 30, 2020[86]. - No share buybacks or sales were conducted by the company or its subsidiaries in the nine months ending September 30, 2020[79]. Other Information - The company primarily engages in the manufacturing and sale of disposable medical device components and provides mold-making services in Singapore[15]. - The company adopted new accounting standards effective January 1, 2020, with no significant impact on its accounting policies[20]. - The financial costs for the nine months ended September 30, 2020, were SGD 0.23 million, slightly down from SGD 0.25 million for the same period in 2019[9]. - The financial costs remained stable at approximately SGD 0.2 million for both the nine months ended September 30, 2019, and 2020[52]. - The company has no knowledge of any other interests or short positions in its shares that require disclosure under the Securities and Futures Ordinance as of the report date[76]. - The company has no competition or conflicts of interest involving its directors or controlling shareholders as of the report date[87]. - The compliance advisor has no interests related to the company that require disclosure under GEM Listing Rules as of the report date[89].

Financial Performance - For the six months ended June 30, 2020, the group's unaudited revenue was approximately SGD 10.3 million, an increase of about SGD 4.1 million or 66.1% compared to SGD 6.2 million for the same period in 2019[4]. - The group reported an unaudited profit of approximately SGD 0.2 million for the six months ended June 30, 2020, compared to a loss of approximately SGD 1.7 million for the same period in 2019[4]. - Basic and diluted earnings per share for the six months ended June 30, 2020, were SGD 0.03, compared to a loss per share of SGD 0.43 for the same period in 2019[4]. - The group recorded a total comprehensive income of SGD 0.21 million for the six months ended June 30, 2020, compared to a total comprehensive loss of SGD 1.73 million for the same period in 2019[4]. - Total revenue for the six months ended June 30, 2020, was SGD 10,295 thousand, an increase from SGD 6,191 thousand in the same period of 2019, representing a growth of 66.5%[42]. - The net profit for the six months ended June 30, 2020, was approximately SGD 0.2 million, a significant improvement from a net loss of approximately SGD 1.7 million for the same period in 2019[119]. Assets and Liabilities - Total assets as of June 30, 2020, were SGD 30.4 million, an increase from SGD 17.8 million as of December 31, 2019[8]. - Total equity as of June 30, 2020, was SGD 17.4 million, up from SGD 8.0 million as of December 31, 2019[8]. - The group’s total liabilities as of June 30, 2020, were SGD 12.97 million, compared to SGD 9.78 million as of December 31, 2019[11]. - The total borrowings as of June 30, 2020, amounted to approximately SGD 6.6 million, an increase from SGD 5.5 million as of December 31, 2019[121]. - The company’s lease liabilities as of June 30, 2020, amounted to SGD 3,965,000, down from SGD 4,561,000 as of December 31, 2019[72]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2020, was SGD (23) thousand, a decrease from SGD 556 thousand in the same period of 2019[16]. - The company reported a net cash inflow from investing activities of SGD 50 thousand, compared to a net cash outflow of SGD (819) thousand in the prior year[18]. - Cash and cash equivalents increased by SGD 11 thousand, ending at SGD 3,488 thousand, compared to SGD 4,302 thousand at the end of the previous year[18]. - The company recorded a total cash outflow for leases of SGD 832,000 for the six months ended June 30, 2020, compared to SGD 692,000 in 2019[74]. Expenses and Costs - The company incurred total expenses of SGD 10,454 thousand for the six months ended June 30, 2020, compared to SGD 7,898 thousand in the previous year, representing a growth of 32.5%[45]. - Employee benefits expenses increased to SGD 2,870 thousand in 2020 from SGD 2,507 thousand in 2019, reflecting a rise of 14.5%[45]. - The cost of goods sold was SGD 4,563 thousand for the six months ended June 30, 2020, up from SGD 3,045 thousand in 2019, indicating a rise of 49.8%[45]. - The group's administrative expenses rose by approximately SGD 0.7 million or 46.7% to about SGD 2.2 million for the six months ended June 30, 2020, primarily due to increased salaries and benefits related to new business operations in China[117]. Shareholder Information - As of June 30, 2020, Mr. Pan Rui He and Ms. Huang Feng Jiao each held 204,000,000 shares, representing 44.35% ownership in the company[144]. - As of June 30, 2020, the major shareholder, Tianyun Global Limited, holds 204,000,000 shares, representing 44.35% of the company's total shares[150]. - Other significant shareholders include Ye Zu Jian with 45,000,000 shares (9.78%) and Xu Kai He with 29,176,000 shares (6.34%)[150]. Corporate Governance - The company has complied with the corporate governance code, except for the provision that the roles of chairman and CEO should be separated, which is currently not the case[159]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial statements for the six months ending June 30, 2020, ensuring compliance with applicable accounting standards[163]. Business Operations and Future Outlook - The group did not conduct its Chinese wine trading business during the pandemic, which significantly impacted market demand[112]. - The management believes that the demand for Chinese wine will gradually recover as the domestic pandemic stabilizes[109]. - The company plans to fully utilize the funds for business development by December 31, 2022, or earlier[136]. - The management noted that the delays in utilizing the funds were due to trade tensions and global economic uncertainties affecting revenue and production order demand[138].