Financial Performance - Revenue decreased by approximately 63.4% from HKD 18.1 million for the six months ended September 30, 2022, to HKD 6.6 million for the six months ended September 30, 2023, primarily due to the completion of maintenance projects[10] - Gross profit for the six months ended September 30, 2023, was approximately HKD 55,000, down from HKD 2.4 million for the same period in 2022, mainly due to reduced revenue and significant costs incurred for preparing new projects[10] - The net loss for the six months ended September 30, 2023, was approximately HKD 2.5 million, relatively stable compared to a net loss of HKD 2.4 million for the same period in 2022[10] - The company reported a basic and diluted loss per share of HKD 2.20 for the six months ended September 30, 2023, compared to HKD 2.14 for the same period in 2022[11] - The total comprehensive loss for the period ended September 30, 2023, was HKD (2,512,000), compared to HKD (2,443,000) for the previous period, reflecting a slight increase in losses[18] - The group reported a pre-tax loss of HKD 2,512,000 for the six months ended September 30, 2023, compared to a pre-tax loss of HKD 2,443,000 for the same period in 2022, indicating a slight increase in losses[32][42] - The group recorded a loss of approximately HKD 2.5 million for the six months ended September 30, 2023, compared to a loss of about HKD 2.4 million for the same period in 2022, indicating relative stability[70] Dividend and Shareholder Equity - The board of directors does not recommend the payment of an interim dividend for the six months ended September 30, 2023, consistent with the previous year[10] - The group did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[41] - The company reported a total equity of HKD 21,611,000 as of September 30, 2023, down from HKD 51,384,000 as of March 31, 2022, indicating a substantial reduction in shareholder equity[18] - The company incurred a loss of HKD (72,952,000) in retained earnings as of September 30, 2023, compared to HKD (43,179,000) as of March 31, 2022, highlighting an increase in accumulated losses[18] Assets and Liabilities - Total assets decreased from HKD 42.05 million as of March 31, 2023, to HKD 34.43 million as of September 30, 2023[13] - Current liabilities decreased from HKD 19.4 million as of March 31, 2023, to HKD 14.05 million as of September 30, 2023[13] - The company's net asset value decreased from HKD 24.12 million as of March 31, 2023, to HKD 21.61 million as of September 30, 2023[15] - Cash and cash equivalents decreased from HKD 5.55 million as of March 31, 2023, to HKD 2.12 million as of September 30, 2023[13] - As of September 30, 2023, the group's net current assets were approximately HKD 20.4 million, down from HKD 22.6 million as of March 31, 2023[72] - The group's cash and cash equivalents were approximately HKD 2.1 million as of September 30, 2023, compared to HKD 5.5 million as of March 31, 2023[72] - Trade receivables and other receivables increased from HKD 25.01 million as of March 31, 2023, to HKD 26.69 million as of September 30, 2023[13] - Trade receivables as of September 30, 2023, amounted to HKD 46,265,000, an increase from HKD 44,642,000 as of March 31, 2023[48] Cash Flow and Operating Activities - The net cash used in operating activities for the six months ended September 30, 2023, was HKD (4,170,000), compared to HKD (3,808,000) for the same period in 2022, indicating a worsening cash flow situation[20] - The financing activities generated a net cash inflow of HKD 681,000 for the six months ended September 30, 2023, compared to HKD 7,066,000 in the same period of 2022, indicating a significant decrease in financing cash flow[20] Administrative and Employee Costs - Administrative expenses decreased to HKD 3,588,000 for the six months ended September 30, 2023, from HKD 5,482,000 in the same period of 2022, reflecting a reduction of 34.5%[32][33] - The group reported a total employee cost of HKD 2,807,000 for the six months ended September 30, 2023, significantly down from HKD 10,246,000 in the same period of 2022, a decrease of 72.6%[39] - Total employee costs for the six months ended September 30, 2023, were approximately HKD 2.8 million, a decrease from HKD 10.2 million for the same period in 2022[80] Compliance and Governance - The company continues to operate under the accounting standards set by the Hong Kong Institute of Certified Public Accountants, ensuring compliance with local regulations[23] - The board confirmed compliance with the corporate governance code for the six months ending September 30, 2023[103] - The company has established trading compliance standards for directors, ensuring adherence to regulations during the reporting period[107] - The audit committee was established on September 21, 2018, and consists of three independent non-executive directors[119] - The unaudited financial information for the six months ending September 30, 2023, has been reviewed by the audit committee and complies with applicable accounting standards[122] - The company is committed to transparency and has provided sufficient disclosures in accordance with GEM listing rules[122] Future Outlook and Plans - The group anticipates increased construction activity in Hong Kong due to government infrastructure initiatives, despite challenges such as labor shortages and inflationary pressures[60] - The group plans to expand its workforce with an allocation of HKD 6.8 million, of which HKD 4.8 million has been utilized, and HKD 2 million is expected to be used by March 2024[87] Share Options and Ownership - The company has adopted a share option scheme to attract and retain talent, allowing for the issuance of up to 4,800,000 shares[111] - The company has a stock option plan that allows for a maximum of 10% of issued shares to be granted, subject to shareholder approval[114] - As of September 30, 2023, a total of 4,800,000 stock options are available for grant, representing 4.2% of the company's issued share capital[116] - No stock options were granted, exercised, expired, or cancelled during the six months ending September 30, 2023[116] - The stock option plan is valid for a period of ten years from September 21, 2018, with approximately four years remaining[116] Shareholder Information - As of September 30, 2023, the major shareholder Junsheng holds 6,466,900 shares, representing 5.66% of the company[100] - Mr. Xia and Mr. Ye each hold 50 shares in Junsheng, indicating a 50% beneficial ownership[96] - No other individuals outside the board or senior management hold 5% or more of the company's shares as of September 30, 2023[102]

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，概不對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的任何損失承擔任何責任。 GRAND TALENTS GROUP HOLDINGS LIMITED 廣駿集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8516） 截至2023年9月30日止六個月之中期業績公告 廣駿集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會茲公佈本集團截至2023年9月30日止六個月的未經審核財務業績。 本公告載有本公司2023年中期報告（「2023年中期報告」）全文，並符合聯交所 GEM證券上市規則（分別指「GEM」及「GEM上市規則」）有關中期業績初步公 告附載資料的相關規定。2023年中期報告的印刷本載有GEM上市規則規定的 資料，將適時按GEM上市規則的規定寄發予本公司股東，並將於香港聯合 交易所有限公司網站w ww.hkexnews.hk「 最新上市公司公告」網頁及本公司網 站w ww.grandtalentsgroup.com.hk 可供查閱。 ...

Financial Performance - For the three months ended June 30, 2023, the group's revenue decreased by approximately HKD 7.8 million to about HKD 1.6 million from approximately HKD 9.4 million for the same period in 2022[11] - The gross loss for the three months ended June 30, 2023, was approximately HKD 3.4 million, compared to a gross loss of approximately HKD 1.4 million for the same period in 2022, primarily due to the decrease in revenue[11] - The net loss attributable to owners of the company for the three months ended June 30, 2023, was approximately HKD 4.4 million, a decrease from a net loss of approximately HKD 5.1 million for the same period in 2022, mainly due to reduced administrative expenses[11] - The basic and diluted loss per share for the three months ended June 30, 2023, was HKD 4.03, compared to HKD 4.49 for the same period in 2022[12] - For the three months ended June 30, 2023, the group's revenue was HKD 1,615,000, a decrease of 82.8% compared to HKD 9,377,000 for the same period in 2022[22] - The group reported a basic loss per share of HKD (0.0403), an improvement from HKD (0.0448) in the same period last year[32] - The net loss for the period decreased from approximately HKD 5.1 million to approximately HKD 4.6 million, a reduction of about 9.8%[49] Administrative Expenses - Administrative expenses decreased to approximately HKD 2.3 million for the three months ended June 30, 2023, from HKD 3.7 million for the same period in 2022[12] - Administrative expenses decreased from approximately HKD 3.7 million to approximately HKD 2.3 million, a reduction of about 37.8%[46] Other Income and Financing Costs - Other income increased to approximately HKD 1.04 million for the three months ended June 30, 2023, compared to HKD 37,000 for the same period in 2022[12] - The financing costs for the three months ended June 30, 2023, were HKD 16, compared to HKD 4 for the same period in 2022[12] - Financing costs increased from approximately HKD 4,000 to approximately HKD 16,000[47] Equity and Dividends - The total equity attributable to owners of the company as of June 30, 2023, was approximately HKD 19.7 million, down from HKD 24.1 million as of March 31, 2023[15] - The group has not proposed any dividends for the three months ended June 30, 2023, consistent with the previous year[30] - The company does not recommend paying dividends for the three months ended June 30, 2023[51] Business Operations and Future Outlook - The company completed several projects during the three months ended June 30, 2023, contributing to the revenue decline[11] - The management anticipates increased construction activity in Hong Kong over the next few years due to government initiatives, despite challenges such as skilled labor shortages and inflationary pressures[36] - The group continues to focus on expanding its maintenance and civil engineering business in Hong Kong to maintain a competitive edge[36] - The management will monitor project costs and collaborate with subcontractors and suppliers to address any cost issues in the construction industry[36] Compliance and Governance - The group has no significant non-compliance events as of the report date[38] - The audit committee, established on September 21, 2018, reviewed the unaudited financial statements for the three months ending June 30, 2023[72] - The financial performance is deemed to comply with applicable accounting standards and GEM listing rules[72] - No additional disclosures of interests or short positions were reported by directors or major shareholders as of June 30, 2023[67] - The company has not identified any conflicts of interest involving its directors or major shareholders[71] - The company’s equity interests are disclosed in accordance with the Securities and Futures Ordinance[68] Shareholding Structure - As of June 30, 2023, Mr. Xia and Mr. Ye each hold 6,466,900 shares, representing 5.66% of the company's equity[62] - Mr. Xia and Mr. Ye are beneficial owners of 50% of Junsheng Holdings Limited, which holds 50 shares[64] - Junsheng Holdings Limited and its beneficial owners collectively hold 5.66% of the company's issued share capital[66] - No directors or major shareholders engaged in any competing business with the group as of June 30, 2023[71] Accounting Policies - The group has maintained the same accounting policies as those used in the audited financial statements for the year ended March 31, 2023[20] Report Issuance - The report was issued on August 11, 2023, by the chairman and executive director, Mr. Xia[74]

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，概不對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的任何損失承擔任何責任。 GRAND TALENTS GROUP HOLDINGS LIMITED 廣駿集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8516） 截至2023年6月30日止首三個月之第一季度業績公告 廣駿集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會茲公佈本集團截至2023年6月30日止首三個月的未經審核綜合財務業績。 本公告載有本公司2023年第一季度報告（「2023年第一季度報告」）全文，並符合 香港聯合交易所有限公司GEM證券上市規則（分別指「GEM」及「GEM上市規則」） 有關季度業績初步公告附載資料的相關規定。 2023年第一季度報告的印刷本載 有GEM上市規則規定的資料，將適時按GEM上市規則的規定寄發予本公司股東， 並將於香港聯合交易所有限公司網站www.hkexnews.hk「最新上市公司公告」一 頁及本公司網站www.grandtalentsg ...

Financial Performance - For the year ended March 31, 2023, the group's revenue was approximately HKD 29.4 million, a decrease from approximately HKD 42.5 million for the year ended March 31, 2022, primarily due to the completion of maintenance and repair projects[12]. - The gross loss for the year ended March 31, 2023, was approximately HKD 5.0 million, compared to a gross profit of approximately HKD 3.8 million for the year ended March 31, 2022, mainly due to the decrease in revenue[12]. - The loss attributable to owners of the company for the year ended March 31, 2023, was approximately HKD 27.3 million, compared to a loss of approximately HKD 20.4 million for the year ended March 31, 2022, primarily due to the decrease in revenue[12]. - The company reported a focus on civil engineering projects, including road and highway maintenance, with over ten years of operational experience[147]. - The group reported a pre-tax loss of approximately HKD 27.4 million and an operating cash outflow of about HKD 2.5 million for the year ending March 31, 2023[127]. Governance and Board Structure - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a balanced governance structure[21]. - The chairman and executive director, Mr. Xia, has over 19 years of experience in road and highway management and maintenance, contributing to the company's strategic management[22]. - The CEO and executive director, Mr. Ye, has over 26 years of experience in the civil engineering industry, overseeing operations, business development, and financial management[24]. - Independent non-executive director, Ms. Tang, serves as the chair of the audit committee, providing independent judgment on strategy and performance[26]. - The board consists of 5 members, including 2 executive directors and 3 independent non-executive directors, ensuring independent judgment[87]. Risk Management and Compliance - The company faces significant risks including reliance on public projects, credit risk from clients, and potential impacts from COVID-19[57]. - The company has complied with all principles and applicable code provisions of the Corporate Governance Code for the year ended March 31, 2023[73]. - The board is responsible for assessing the nature and extent of risks associated with achieving strategic goals and maintaining effective risk management and internal control systems[117]. - The company has implemented a whistleblowing policy to promote transparency and accountability, with no significant fraud or misconduct reported affecting the financial statements for the year ending March 31, 2023[120]. Employee and Workforce Management - The company had a total of 10 employees as of March 31, 2023, down from 54 employees as of March 31, 2022[61]. - The employee turnover rate for 2023 was 68%, significantly higher than 31% in 2022 and 54% in 2021[191]. - The company emphasized a commitment to employee welfare, providing competitive salaries and benefits, including medical insurance and annual leave[193]. - The employee demographic showed that 75% were aged between 30 to 50 years, indicating a relatively experienced workforce[188]. - The company strictly adheres to local labor laws, ensuring no child or forced labor is involved in its recruitment processes[199]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the integration of ESG considerations into its business operations, ensuring compliance with legal regulations while promoting sustainable development[148]. - The company aims to minimize its ecological footprint through responsible resource management strategies[165]. - Total construction waste generated in 2023 was 2,901.7 tons, a decrease of 41% from 4,916.7 tons in 2022[167]. - Direct greenhouse gas emissions (Scope 1) in 2023 were 212.2 tons CO2 equivalent, down from 251.9 tons in 2022, representing a reduction of 15.7%[171]. - The company is committed to implementing energy-saving measures and utilizing renewable energy to minimize environmental impact[173]. Future Outlook and Strategic Focus - The group continues to focus on developing its maintenance and civil engineering business in Hong Kong, despite challenges posed by the COVID-19 pandemic[15]. - The Hong Kong government is expected to spend over HKD 100 billion annually on infrastructure projects in the coming years, which presents opportunities for the group[18]. - The company remains optimistic about securing several future projects and will continue to bid for civil engineering and maintenance projects to create more profits for shareholders[18]. - The company plans to maintain a strong focus on civil engineering and maintenance projects as the economy recovers post-COVID-19[147].

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 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 GRAND TALENTS GROUP HOLDINGS LIMITED 廣駿集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8516） 截至2023年3月31日止年度之全年業績公告 及 恢復買賣 廣駿集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會茲公佈本集團截至2023年3月31日止年度的經審核財務業績。本公告 載有本公司2023年年度報告（「2023年年度報告」）全文，並符合聯交所GEM證 券上市規則（分別指「GEM」及「GEM上市規則」）有關年度業績初步公告附載 資料的相關規定。2023年年度報告的印刷本載有GEM上市規則規定的資料， 將適時按GEM上市規則規定的方式寄發予本公司股東，並將於聯交所網站 www.hkexnews.hk 及本公司網站www.grandtalentsgroup.com.hk 可供查閱。 ...

Financial Performance - For the nine months ended December 31, 2022, the group's revenue remained stable at approximately HKD 25.3 million compared to HKD 26.9 million for the same period in 2021[9]. - The group recorded a gross loss of approximately HKD 1.8 million for the nine months ended December 31, 2022, a decrease from a gross profit of approximately HKD 1.8 million for the same period in 2021, primarily due to increased sales and subcontracting costs[9]. - The group reported a loss of approximately HKD 8.7 million for the nine months ended December 31, 2022, compared to a loss of approximately HKD 6.4 million for the same period in 2021, mainly attributed to rising sales costs[9]. - For the three months ended December 31, 2022, the group's revenue was HKD 7.2 million, down from HKD 9.3 million in the same period of 2021[10]. - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 7.62, compared to HKD 1.15 for the same period in 2021[10]. - The group recorded other income of HKD 795,000 for the nine months ended December 31, 2022, slightly up from HKD 781,000 for the same period in 2021[10]. - The company reported a loss before tax of HKD 8,700,000 for the nine months ended December 31, 2022, compared to a loss of HKD 6,363,000 for the same period in 2021, indicating a deterioration in financial performance[23]. - The loss attributable to owners of the company for the period was HKD 8,700,000, which is a significant increase from the loss of HKD 6,211,000 reported in the previous year[12]. Revenue Sources - Maintenance engineering contributed HKD 25,285,000 to total revenue for the nine months ended December 31, 2022, while civil engineering reported no revenue during the same period[19]. - The company has not reported any revenue from civil engineering activities for the nine months ended December 31, 2022, indicating a potential area for future growth or strategic focus[23]. - The company continues to focus on maintenance engineering as its primary revenue source, with plans to explore opportunities in civil engineering to diversify its income streams[19]. Costs and Expenses - The cost of sales for the three months ended December 31, 2022, was HKD 11.4 million, compared to HKD 8.2 million for the same period in 2021[10]. - Administrative expenses for the nine months ended December 31, 2022, were HKD 7,717,000, slightly higher than HKD 7,417,000 for the same period in 2021[23]. - The cost of sales increased from approximately HKD 25.1 million for the nine months ended December 31, 2021, to approximately HKD 27.0 million for the same period in 2022, primarily due to increased subcontractor costs and sales-related expenses[45]. Financial Position - The company had a total equity of HKD 51,384,000 as of April 1, 2022, which decreased to HKD 42,684,000 by December 31, 2022, reflecting a decline in net assets[12]. - The company’s total liabilities increased, contributing to the overall financial strain reflected in the increased losses reported[12]. - The group has no significant foreign exchange risk as its business activities are primarily conducted in Hong Kong and denominated in HKD[62]. Capital and Investments - Capital expenditures for the nine months ended December 31, 2022, were funded through net proceeds from the listing, internal resources, finance leases, and bank borrowings[53]. - The net proceeds from the placement amounted to approximately HKD 29.6 million, with all proceeds utilized as of December 31, 2022[58]. - As of December 31, 2022, the actual utilization of the net proceeds included HKD 17.8 million for debt repayment, HKD 3.385 million for workforce expansion, and HKD 5 million for general working capital[60]. - The group has no plans for significant investments or capital assets beyond those disclosed in the report[57]. Compliance and Governance - The directors confirmed compliance with the required trading standards during the reporting period[66]. - The Audit Committee was established on September 21, 2018, in accordance with GEM Listing Rules[80]. - The unaudited financial data for the nine months ending December 31, 2022, has been reviewed by the Audit Committee[80]. - The company is committed to adhering to applicable accounting standards and GEM Listing Rules for financial reporting[80]. Future Outlook - The company remains optimistic about future tender opportunities in civil engineering and maintenance projects, driven by government initiatives to enhance regional development[38]. - The company received government subsidies primarily from employment support schemes during the nine months ended December 31, 2022, maintaining other income at approximately HKD 0.8 million[47]. - The company has not identified any significant changes in the business or regulatory environment affecting its operations as of December 31, 2022[40].

廣駿集團控股有限公司 Grand Talents Group Holdings Limited (於開曼群島註冊成立的有限公司) 股份代號: 8516 中期報告 2022 廣駿集團控股有限公司 Grand Talents Group Holdings Limited (Incorporated In The Cayman Islands With Limited Liability) Stock Code: 8516 REPORT INTERIM 2022 廣駿集團控股有限公 司 Grand Talents Group Holdings Limited Interim Report 2022 中期報告 C M Y CM MY CY CMY K ai166805455725_Grand Talent IR2022 4.5mm op.pdf 1 10/11/2022 下午12:29 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM乃為相比其他在聯交所上市的公司帶有更高投資風險的中小型公司提供 上市的市場。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。 由於在GEM上市的 ...

Grand Talents Group Holdings Limited (Incorporated In The Cayman Islands With Limited Liability) Stock Code: 8516 2022 FIRST 廣駿集團控股有限公司 Grand Talents Group Holdings Limited (於開曼群島註冊成立的有限公司) 股份代號: 8516 第一季度報告 2022 廣駿集團控股有限公司 REPORT 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。 C M Y CM MY CY CMY K ai166010066813_Grand Talent 1Q2022 op.pdf 1 10/8/2022 上午11:04 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM乃為相比其他在聯交所上市的公司帶有更高投資風險的中小型公司提供 上市的市場。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 ...

Financial Performance - For the year ended March 31, 2022, the group's revenue remained stable at approximately HKD 42.5 million compared to HKD 42.2 million for the year ended March 31, 2021[13]. - The gross profit for the year ended March 31, 2022, was approximately HKD 3.8 million, a decrease from a gross loss of approximately HKD 4.0 million for the year ended March 31, 2021, mainly due to a reduction in cost of revenue[13]. - The loss attributable to owners of the company for the year ended March 31, 2022, was approximately HKD 20.4 million, down from a loss of approximately HKD 29.5 million for the year ended March 31, 2021, primarily due to increased gross profit and reduced administrative expenses[13]. - The group’s pre-tax loss decreased from approximately HKD 27.7 million for the year ended March 31, 2021, to approximately HKD 20.6 million for the year ended March 31, 2022[16]. - The net loss for the year ended March 31, 2022, was approximately HKD 20.4 million, a decrease from approximately HKD 29.5 million for the year ended March 31, 2021, mainly due to increased gross profit and reduced administrative expenses[56]. - Other income increased to approximately HKD 3.2 million for the year ended March 31, 2022, compared to approximately HKD 2.5 million for the year ended March 31, 2021, primarily due to an increase in waived other payables[50]. - Administrative expenses decreased by approximately 23.4% from approximately HKD 15.7 million for the year ended March 31, 2021, to approximately HKD 12.0 million for the year ended March 31, 2022, mainly due to a reduction in employee costs[53]. - Financing costs increased by approximately 20.7% from approximately HKD 1.8 million for the year ended March 31, 2021, to approximately HKD 2.2 million for the year ended March 31, 2022, primarily due to increased interest rates on bank and other borrowings[54]. Corporate Governance - The board of directors confirmed that the information in the report is accurate and complete, with no misleading or fraudulent elements[13]. - The board consists of six directors, including three executive directors and three independent non-executive directors[20]. - The company emphasizes corporate governance through the establishment of various committees, including audit, remuneration, and nomination committees[28]. - The company has adhered to all principles and applicable provisions of the corporate governance code throughout the fiscal year ending March 31, 2022[88]. - The company has adopted the GEM Listing Rules regarding the securities trading code for directors, ensuring compliance with standards[89]. - The board confirmed its responsibility for the effectiveness of the risk management and internal control systems, which are designed to manage rather than eliminate risks[129]. - The company has purchased directors' liability insurance to cover legal responsibilities arising from actions against directors[97]. - Independent non-executive directors constitute at least one-third of the board, ensuring strong independent judgment[102]. - The board regularly reviews the contributions of directors and their commitment to fulfilling their responsibilities[94]. - The company maintains training records for all directors and provides ongoing briefings and professional development as needed[111]. Business Operations - The group has secured new regular contracts for professional road maintenance in certain areas of the New Territories and will continue to participate in tenders for civil engineering and maintenance projects[17]. - The construction industry in Hong Kong has faced negative impacts from the COVID-19 pandemic, including supply chain disruptions and labor shortages due to quarantine measures[17]. - The company anticipates that the current competitive bidding environment for maintenance projects is temporary[17]. - The company continues to focus on developing its maintenance and civil engineering business in Hong Kong[46]. - The company expanded its services to include civil engineering projects such as the construction of accessible facilities and drainage systems in Hong Kong since 2013[46]. - Despite an increase in industry tender numbers, competitive pricing has kept project profit margins relatively low[46]. - The company’s major business involves civil engineering and maintenance works related to road and highway infrastructure[153]. Shareholder Information - The company does not recommend the payment of any dividends for the year ended March 31, 2022[13]. - The company did not recommend a final dividend for the year ending March 31, 2022, consistent with the previous year[76]. - The company has adopted a dividend policy that allows the board to determine the declaration and payment of dividends at its discretion, with no predetermined payout ratio[128]. - The company will continue to review its dividend policy and reserves the right to update or modify it at any time[128]. - The board will consider various factors, including financial performance and capital expenditure needs, when making decisions regarding dividends and future expansions[132]. - The company encourages effective communication with shareholders and stakeholders through various formal channels[144]. - The company’s board of directors is committed to ensuring that shareholders receive comprehensive and easily understandable information[145]. Directors and Management - Mr. Xia, aged 47, has been the Chairman and Executive Director since June 8, 2010, and has over 19 years of experience in road and highway management[21]. - Mr. Ye, aged 51, serves as the CEO and Executive Director since June 8, 2010, overseeing operations, business development, and financial management[24]. - Ms. Tang, aged 42, has been an independent non-executive director since September 21, 2018, and is the chair of the audit committee[26]. - Mr. Yu, aged 41, has been an independent non-executive director since September 21, 2018, and is the chair of the nomination committee[29]. - Dr. Huo, aged 49, has been an independent non-executive director since September 21, 2018, and is the chair of the remuneration committee[31]. - The executive team has extensive industry experience, with Mr. Ye accumulating over 26 years in civil engineering[25]. - The board's composition includes members with diverse backgrounds in finance, engineering, and management, enhancing strategic decision-making[30]. - The remuneration committee regularly reviews and determines the remuneration of directors and senior management based on market levels and the group's performance[196]. - Directors are entitled to indemnification from the company's assets for losses or liabilities incurred in civil or criminal litigation where they are victorious or acquitted[197]. Financial Position - As of March 31, 2022, the net current assets were approximately HKD 45.7 million, compared to approximately HKD 29.9 million as of March 31, 2021, with a current ratio of approximately 3.1 times[57]. - The total amount of bank overdrafts, bank and other borrowings, and lease liabilities as of March 31, 2022, was approximately HKD 0.3 million, a significant decrease from approximately HKD 23.3 million as of March 31, 2021, with all borrowings repaid[57]. - Capital expenditures increased significantly to approximately HKD 5.3 million for the year ended March 31, 2022, from approximately HKD 0.2 million for the year ended March 31, 2021[62]. - The number of employees decreased to 54 as of March 31, 2022, from 63 as of March 31, 2021[67]. - The company has not engaged in any significant investments as of March 31, 2022[78]. - The company has fully utilized the net proceeds from the placements according to the disclosed purposes in the prospectus as of March 31, 2022[84]. - The company has a stock option plan that allows for the issuance of shares not exceeding 30% of the total issued shares at any time[165]. - The maximum number of shares that may be issued under the stock option plan is capped at 10% of the total issued shares, equivalent to 114,220,000 shares as of the report date[168].