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].

Stock Code: 8516 2021 THIRD 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 第三季度報告 2021 廣駿集團控股有限公司 Grand Talents Group Holdings Limited (Incorporated In The Cayman Islands With Limited Liability) QUARTERLY REPORT C M Y CM MY CY CMY K 由於在GEM上市的公司一般為中小型公司，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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）提供有關廣駿集團控 股有限公司（「本公司」，連同其附屬公司統稱「本集團」）之資料， ...

Financial Performance - For the six months ended September 30, 2021, the group's revenue was approximately HKD 17.6 million, a decrease of about HKD 7.9 million from approximately HKD 25.5 million for the same period in 2020[10]. - The gross profit for the same period was approximately HKD 0.7 million, down from HKD 2.4 million in the previous year, primarily due to the decrease in revenue[10]. - The net loss for the six months ended September 30, 2021, was approximately HKD 4.9 million, compared to a loss of HKD 2.9 million for the same period in 2020[10]. - The company reported a total revenue of HKD 17,607,000 for the six months ended September 30, 2021, a decrease of 30.9% compared to HKD 25,499,000 in the same period of 2020[27]. - The net loss for the six months ended September 30, 2021, was HKD 4,884,000, compared to a loss of HKD 2,946,000 in the same period of 2020, reflecting an increase in losses of approximately 65.4%[38]. - The basic loss per share for the six months ended September 30, 2021, was HKD 0.0093, compared to HKD 0.0061 for the same period in 2020[38]. - Revenue decreased by approximately 31.0% from HKD 25.5 million for the six months ended September 30, 2020, to HKD 17.6 million for the six months ended September 30, 2021, primarily due to the completion of three maintenance projects and the impact of COVID-19 on project progress and industry bidding volume[61]. Assets and Liabilities - As of September 30, 2021, the total assets less current liabilities amounted to HKD 37.57 million, an increase from HKD 32.82 million as of March 31, 2021[14]. - The group's cash and cash equivalents were HKD 17.79 million as of September 30, 2021, compared to HKD 13.10 million as of March 31, 2021[13]. - The total equity of the group as of September 30, 2021, was HKD 37.22 million, up from HKD 32.53 million as of March 31, 2021[14]. - The company's contract assets decreased significantly from HKD 23,194,000 as of March 31, 2021, to HKD 10,051,000 as of September 30, 2021, primarily due to completed contracts awaiting customer certification[41]. - Trade receivables increased from HKD 47,540,000 as of March 31, 2021, to HKD 59,166,000 as of September 30, 2021, indicating a rise of approximately 24.5%[44]. - Trade receivables as of September 30, 2021, totaled HKD 55.246 million, with HKD 47.105 million overdue for more than 180 days[45]. - Trade payables as of September 30, 2021, amounted to HKD 3.388 million, down from HKD 8.178 million as of March 31, 2021[48]. - The group's current assets net value was approximately HKD 36.3 million, an increase from HKD 29.9 million as of March 31, 2021[72]. - As of September 30, 2021, the group's total bank overdrafts, borrowings, and lease liabilities amounted to approximately HKD 18.3 million, down from HKD 23.3 million as of March 31, 2021[72]. Expenses and Costs - The administrative expenses for the period were HKD 6.11 million, slightly down from HKD 6.33 million in the same period last year[11]. - The total employee costs for the six months ended September 30, 2021, were HKD 10,014,000, down from HKD 11,962,000 in the same period of 2020, representing a decrease of approximately 16.3%[35]. - Cost of sales decreased by approximately 26.8% from HKD 23.1 million for the six months ended September 30, 2020, to HKD 16.9 million for the six months ended September 30, 2021, mainly due to a reduction in wages and contract costs corresponding to the decrease in revenue[62]. - The financing costs decreased to HKD 0.41 million from HKD 0.87 million in the previous year[11]. - Financing costs decreased by approximately 53.5% to HKD 406,000 for the six months ended September 30, 2021, from HKD 873,000 for the same period in 2020, primarily due to a reduction in bank borrowings[67]. Dividends and Share Issuance - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2021, consistent with the previous year[10]. - The company issued 91,200,000 shares at HKD 0.105 per share on July 5, 2021, raising approximately HKD 9.6 million in total proceeds, with a net amount of approximately HKD 9.2 million after expenses[76]. - No interim dividend was recommended for the six months ended September 30, 2021, consistent with the previous year[87]. Governance and Compliance - The board confirmed compliance with all principles of the corporate governance code applicable as of September 30, 2021[104]. - The company has adopted trading compliance guidelines for directors, confirming adherence during the reporting period[106]. - The company has appointed three independent non-executive directors, ensuring they constitute at least one-third of the board, with at least one possessing appropriate professional qualifications[108]. - The audit committee, established on September 21, 2018, consists of three independent non-executive directors and has reviewed the unaudited financial information for the six months ended September 30, 2021[115]. Future Outlook - The company has a focus on civil engineering projects and maintenance services in Hong Kong, with anticipated government infrastructure capital expenditure exceeding HKD 100 billion in the coming years[58]. - The company expects to continue participating in civil engineering and maintenance project tenders despite a competitive bidding environment[58].

[Company Information](index=4&type=section&id=%E5%85%AC%E5%8F%B8%E8%B3%87%E6%96%99) This chapter details Kwong Chun Group Holdings Limited's fundamental corporate information, including its board, committees, and key professional contacts - The company's board of directors comprises executive directors **Mr. Ha Chak Hung** (Chairman), **Mr. Yip Chu Shing** (Chief Executive Officer), **Ms. Tong Man Chun**, and three independent non-executive directors **Ms. Tang Shui Man**, **Dr. Fok Wai Sun**, and **Mr. Yuk Kai Yiu**[6](index=6&type=chunk) - The company's auditor is **BDO Limited, Hong Kong**[7](index=7&type=chunk) [Executive Summary](index=6&type=section&id=%E6%91%98%E8%A6%81) This chapter summarizes the company's Q1 2021 financial performance, noting a revenue decrease, gross profit turnaround, and narrowed net loss due to reduced wage costs Key Financial Indicators for Q1 2021 | Indicator | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | | :--- | :--- | :--- | | Revenue | Approx. HKD 8.7 Million | Approx. HKD 11.4 Million | | Gross Profit / (Loss) | Approx. HKD 0.1 Million | Approx. (HKD 1.6) Million | | Net Loss Attributable to Owners of the Company | Approx. HKD 2.4 Million | Approx. HKD 5.1 Million | - The decrease in revenue was primarily attributed to the completion of three maintenance projects, the negative impact of social unrest and the COVID-19 pandemic on project progress, and the overall economic recession in Hong Kong[10](index=10&type=chunk) - The increase in gross profit and reduction in net loss were mainly due to a decrease in wage costs[10](index=10&type=chunk) [Consolidated Financial Statements](index=7&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=7&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) This statement details Q1 2021 income, costs, and losses, showing a positive gross profit and narrowed losses despite revenue decline, driven by cost control Consolidated Statement of Profit or Loss Summary (Three Months Ended June 30) | Item (HKD Thousand) | 2021 (Unaudited) | 2020 (Unaudited) | | :--- | :--- | :--- | | Revenue | 8,659 | 11,387 | | Cost of Sales | (8,556) | (13,012) | | **Gross Profit / (Loss)** | **103** | **(1,625)** | | Other Income | 769 | 340 | | Administrative Expenses | (3,006) | (3,362) | | Finance Costs | (262) | (431) | | **Loss Before Tax** | **(2,396)** | **(5,078)** | | **Loss for the Period** | **(2,396)** | **(5,078)** | - Basic and diluted loss per share improved from **1.06 HK cents** in the prior year period to **0.50 HK cents**[11](index=11&type=chunk) [Consolidated Statement of Changes in Equity](index=8&type=section&id=%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) This statement illustrates changes in shareholders' equity for Q1 2021, showing a decrease from **HKD 32.53 million** to **HKD 30.14 million** due to a **HKD 2.4 million** loss - As of June 30, 2021, total equity attributable to equity holders of the company was approximately **HKD 30.14 million**, a decrease from **HKD 32.53 million** as of March 31, 2021[14](index=14&type=chunk) - The decrease in total equity for the quarter was entirely due to the **HKD 2,396 thousand** loss recorded during the period[14](index=14&type=chunk) [Notes to the Consolidated Financial Statements](index=9&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section details the financial statements' basis, accounting policies, and key items, covering general information, revenue, tax, dividends, and loss per share - The Group is principally engaged in civil engineering works for road and highway-related infrastructure and structural maintenance works[16](index=16&type=chunk) Revenue by Business Segment (Three Months Ended June 30) | Business Type (HKD Thousand) | 2021 (Unaudited) | 2020 (Unaudited) | | :--- | :--- | :--- | | Maintenance Works | 8,659 | 11,387 | | Civil Engineering Works | — | — | | **Total** | **8,659** | **11,387** | - The Board does not recommend the payment of a dividend for the three months ended June 30, 2021[29](index=29&type=chunk) - No provision for Hong Kong Profits Tax has been made for the quarter as the Group had no estimated assessable profits[27](index=27&type=chunk) [Management Discussion and Analysis](index=13&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) [Business Review and Outlook](index=13&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E5%8F%8A%E5%89%8D%E6%99%AF) Management reviews the civil engineering business, noting adverse impacts from protests and COVID-19, and anticipates future government infrastructure projects despite intense market competition - The company's business was adversely affected by both public protests in Hong Kong and the COVID-19 pandemic during the reporting period, leading to delays in ongoing projects and a reduction in industry tender volumes[33](index=33&type=chunk) - Management noted intense market competition and low successful bid prices for maintenance projects, but believes this competitive environment is temporary and expects to continue tendering for civil engineering and maintenance projects to seek greater profits[33](index=33&type=chunk) [Financial Review](index=14&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) This section analyzes financial indicator changes, noting a **23.7%** revenue decrease, a **34.6%** cost of sales reduction, gross profit turnaround, and a narrowed loss for the period - Revenue decreased from **HKD 11.4 million** in the prior year period to **HKD 8.7 million**, primarily due to (i) the completion of three maintenance projects and one civil engineering project; (ii) the negative impact of social unrest and COVID-19; and (iii) the overall economic recession in Hong Kong[38](index=38&type=chunk) - Gross profit margin improved from **-14.3%** in the prior year period to **1.2%** in the current period, mainly benefiting from a decrease in wage costs[40](index=40&type=chunk) - Finance costs decreased by **39.2%** year-on-year to approximately **HKD 0.262 million**, primarily due to the repayment of bank and other borrowings[43](index=43&type=chunk) - Loss for the period improved from **HKD 5.1 million** in the prior year period to **HKD 2.4 million**, mainly due to reduced wage costs[45](index=45&type=chunk) [Events After Reporting Period](index=16&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) Post-reporting period, the company completed a placing of **91.2 million** new shares at **HKD 0.105** each, raising **HKD 9.2 million** for working capital and debt repayment Details of Placing | Item | Details | | :--- | :--- | | Agreement Date | June 16, 2021 | | Completion Date | July 5, 2021 | | Number of Placing Shares | 91,200,000 Shares | | Placing Price | HKD 0.105 per share | | Net Proceeds | Approx. HKD 9.2 Million | | Use of Proceeds | General working capital and debt repayment | - The placing shares represent approximately **15.97%** of the enlarged issued share capital upon completion of the placing[49](index=49&type=chunk) [Other Financial Information](index=17&type=section&id=%E5%85%B6%E4%BB%96%E8%B2%A1%E5%8B%99%E4%BF%A1%E6%81%AF) This section confirms no dividend for the quarter and states that foreign exchange risk is not significant due to Hong Kong-based, HKD-denominated operations - The Board does not recommend the payment of a dividend for the three months ended June 30, 2021[52](index=52&type=chunk) - As business activities are conducted solely in Hong Kong and primarily denominated in HKD, the Directors consider the Group's foreign exchange risk not significant[53](index=53&type=chunk) [Other Information](index=18&type=section&id=%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) [Corporate Governance and Compliance](index=18&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E8%88%87%E5%90%88%E8%A6%8F) This section outlines corporate governance practices, confirming compliance with the Corporate Governance Code and directors' adherence to securities trading standards - The Board considers that the company has complied with all the principles and applicable code provisions of the Corporate Governance Code for the three months ended June 30, 2021[56](index=56&type=chunk) - The Audit Committee, comprising three independent non-executive Directors, has reviewed the unaudited results for the quarter and is of the opinion that they comply with applicable accounting standards and the GEM Listing Rules, and that adequate disclosures have been made[71](index=71&type=chunk) [Share Capital and Equity-Related Information](index=18&type=section&id=%E8%82%A1%E6%9C%AC%E8%88%87%E8%82%A1%E6%AC%8A%E7%9B%B8%E9%97%9C%E4%BF%A1%E6%81%AF) This section details share capital and equity information, confirming no share option activity or share transactions, and listing director and substantial shareholder interests - For the three months ended June 30, 2021, the company neither granted nor exercised any share options, nor did it purchase, sell, or redeem any of its shares[58](index=58&type=chunk)[61](index=61&type=chunk) Directors' and Substantial Shareholders' Interests in Shares (as at June 30, 2021) | Name/Designation | Capacity | Number of Shares Held (Long Position) | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Ha Chak Hung | Interest in controlled corporation | 171,669,000 | 35.76% | | Mr. Yip Chu Shing | Interest in controlled corporation | 171,669,000 | 35.76% | | Chun Shing Holdings Limited | Beneficial owner | 171,669,000 | 35.76% |

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 年 報 2021 2021 ANNUAL 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 廣駿集團控股有限公 司 Grand Talents Group Holdings Limited Annual Report 2021 年報 C M Y CM MY CY CMY K Grand Talent AR2021 Cover 11mm output.pdf 1 30/6/2021 上午10:13 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 瞭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上市的公司一般為中小型公司，在GEM買賣的證券 ...

Financial Performance - For the nine months ended December 31, 2020, the group's revenue was approximately HKD 35.9 million, a decrease of 46.8% compared to HKD 67.5 million for the same period in 2019[10] - The gross profit for the nine months ended December 31, 2020, was approximately HKD 5.3 million, an increase from HKD 3.3 million for the same period in 2019, primarily due to a reduction in cost of sales[10] - The group recorded a loss of approximately HKD 3.9 million for the nine months ended December 31, 2020, an improvement from a loss of HKD 9.0 million for the same period in 2019, attributed to decreased cost of sales and administrative expenses[10] - For the three months ended December 31, 2020, the group's revenue was HKD 10.4 million, down from HKD 21.5 million in the same quarter of 2019, representing a decline of 51.5%[11] - The group reported a gross profit of HKD 2.9 million for the three months ended December 31, 2020, compared to a gross loss of HKD 4.2 million for the same period in 2019[11] - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 3.87 million, an improvement from HKD 9.04 million for the same period in 2019[11] - The group incurred a pre-tax loss of HKD 3,851,000 for the nine months ended December 31, 2020, compared to a pre-tax loss of HKD 9,040,000 for the same period in 2019[23] - Revenue decreased from approximately HKD 67.5 million for the nine months ended December 31, 2019, to approximately HKD 35.9 million for the same period in 2020, a decline of about 31.6 million HKD[38] Administrative Expenses - Administrative expenses for the nine months ended December 31, 2020, were approximately HKD 9.97 million, down from HKD 12.09 million in the same period of 2019, reflecting a decrease of 17.5%[11] - Administrative expenses for the nine months ended December 31, 2020, were HKD 9,974,000, compared to HKD 12,087,000 in 2019, indicating a reduction of 17.4%[23] - Administrative expenses decreased by approximately 17.4% from about HKD 12.1 million in 2019 to about HKD 10.0 million in 2020, primarily due to reductions in legal and professional fees, employee costs, and other expenses[43] Financing Costs - The financing costs for the nine months ended December 31, 2020, were approximately HKD 1.29 million, compared to HKD 0.53 million for the same period in 2019, indicating an increase of 143.4%[11] - Financing costs for the nine months ended December 31, 2020, totaled HKD 1,289,000, an increase of 142.5% from HKD 531,000 in 2019[25] - Financing costs rose by approximately 160.0%, increasing from about HKD 0.5 million in 2019 to about HKD 1.3 million in 2020, attributed to increased bank and other borrowings[44] Shareholder Information - The group did not declare or propose any dividends for the nine months ended December 31, 2020, consistent with the same period in 2019[27] - The board did not recommend any dividends for the nine months ended December 31, 2020, consistent with the previous year[51] - As of December 31, 2020, Mr. Ha and Mr. Ye each held 201,300,000 shares, representing 41.94% of the company's equity[59] - The major shareholder, Junsheng Holdings Limited, holds 201,300,000 shares, also representing 41.94% of the company's equity[64] Corporate Governance - The company established an audit committee on September 21, 2018, consisting of three independent non-executive directors, to oversee financial reporting[70] - The unaudited financial information for the nine months ending December 31, 2020, was reviewed by the audit committee and deemed compliant with applicable accounting standards[70] - The board of directors includes independent non-executive directors, enhancing governance and oversight[71] - The company has adopted the GEM Listing Rules regarding mandatory trading standards, confirming compliance by all directors for the nine months ending December 31, 2020[54] - No directors or major shareholders have interests in any competing businesses[66] - The company has not disclosed any violations of trading standards or written guidelines by employees as of December 31, 2020[54] Business Operations - The company operates primarily in civil engineering and maintenance engineering related to road and highway infrastructure[22] - The civil engineering segment reported no revenue for the three months ended December 31, 2020, compared to HKD 8,490,000 in 2019[21] - Revenue from maintenance engineering for the three months ended December 31, 2020, was HKD 10,408,000, down from HKD 13,037,000 in 2019, representing a decline of 20.0%[21] - The civil engineering segment's performance was not reported due to no sales, while the maintenance engineering segment achieved a performance of HKD 5,333,000[23] - The company submitted four tenders for civil engineering projects, with one successfully accepted and three rejected, indicating ongoing efforts in project acquisition[33] Future Outlook - The company remains cautiously optimistic about its prospects for 2021, despite facing risks related to political stability and the ongoing pandemic[33] - No significant events occurred after December 31, 2020, indicating stability in the company's operations[30] Other Information - The company has not reported any new product developments or market expansions in the provided documents[57] - No stock options were granted or exercised under the stock option plan during the nine months ending December 31, 2020, and there were no unexercised stock options as of that date[55] - The company did not purchase, sell, or redeem any shares during the nine months ending December 31, 2020[58] - The executive directors of Guangjun Group Holdings Limited include Mr. Xia Zehong, Mr. Ye Zhucheng, and Ms. Tang Minzhen[71] - The report date is February 5, 2021, indicating the company's ongoing commitment to transparency and communication with stakeholders[71] - The company is focused on strategic growth and market expansion, as indicated by the composition of its board[71]

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 2020 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 2020 廣駿集團控股有限公 司 Grand Talents Group Holdings Limited Interim Report 2020 中期報告 C M Y CM MY CY CMY K ai160488357313_Grand Talent IR2020 4.5mm output.pdf 1 9/11/2020 上午8:59 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 ...

Financial Performance - For the three months ended June 30, 2020, the group's revenue was approximately HKD 11.4 million, a decrease of 49% compared to HKD 22.6 million for the same period in 2019[10] - The gross loss for the three months ended June 30, 2020, was approximately HKD 1.6 million, compared to a gross profit of HKD 3.7 million for the same period in 2019[10] - The net loss attributable to owners of the company for the three months ended June 30, 2020, was approximately HKD 5.1 million, compared to a net profit of HKD 0.1 million for the same period in 2019[10] - Total revenue for the three months ended June 30, 2020, was HKD 11,387,000, a decrease of 49.5% compared to HKD 22,551,000 for the same period in 2019[21] - The company reported a loss of HKD 5,078,000 for the three months ended June 30, 2020, compared to a profit of HKD 117,000 in the same period of 2019[29] - The net loss for the three months ended June 30, 2020, was approximately HKD 5.1 million, down from a profit of approximately HKD 0.1 million for the same period in 2019[45] Revenue and Cost Analysis - The decrease in revenue was primarily due to the completion of four maintenance projects and one civil engineering project, as well as the negative impacts of social unrest and the COVID-19 outbreak[10] - Revenue from maintenance engineering was HKD 11,387,000, while civil engineering revenue was HKD 0, compared to HKD 19,391,000 and HKD 3,160,000 respectively in 2019[21] - The cost of sales decreased from approximately HKD 18.9 million to approximately HKD 13.0 million, a reduction of about 31.2%[38] - The gross loss for the three months ended June 30, 2020, was approximately HKD 1.6 million, compared to a gross profit of approximately HKD 3.7 million for the same period in 2019, resulting in a gross margin of -14.3%[39] Expenses and Financing - Administrative expenses for the three months ended June 30, 2020, were approximately HKD 3.4 million, slightly down from HKD 3.4 million for the same period in 2019[11] - Financing costs increased to HKD 431,000 for the three months ended June 30, 2020, compared to HKD 211,000 for the same period in 2019[11] - Financing costs increased by approximately 104.3% from HKD 211,000 to HKD 431,000 due to increased bank and other borrowings[43] Shareholder Information - The company did not recommend any dividend payment for the three months ended June 30, 2020, consistent with the same period in 2019[28] - As of June 30, 2020, the company reported that Mr. Xia and Mr. Ye each hold 201,300,000 shares, representing 41.94% of the company's equity[59] - The company’s major shareholders include Junsheng Holdings Limited, which holds 201,300,000 shares (41.94%), and Li Bin, who holds 90,000,000 shares (18.75%)[64] - The company has a collective control of 69.75% of the voting rights in the company, held by Mr. Xia, Mr. Ye, and Junsheng Holdings[61] Compliance and Governance - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and applicable GEM Listing Rules[17] - The audit committee, established on September 21, 2018, reviewed the unaudited financial results for the three months ending June 30, 2020, and found them compliant with applicable accounting standards[70] - The company’s compliance advisor, Pulse Capital, has no interests related to the group that require disclosure under GEM listing rules[67] - The company’s board of directors includes Mr. Xia, Mr. Ye, and Mr. Han, along with independent non-executive directors[72] Market Conditions - The overall economic downturn in Hong Kong contributed to the decline in project progress and the number of tenders in the industry[10] - The group submitted four tenders for civil engineering projects, awaiting results expected around September 2020[32] Other Information - The company did not incur any current tax expense for the three months ended June 30, 2020, as there was no estimated profit[26] - The company has not purchased, sold, or redeemed any shares during the three months ending June 30, 2020[58] - The company has disclosed no other individuals with significant interests in its shares or related securities as of the report date[65] - The company has not indicated any new product developments or market expansions in the provided documents[70] - There are no reported interests from directors or their close associates in any competing businesses[66]

Financial Performance - For the year ended March 31, 2020, the group's revenue was approximately HKD 84.6 million, a decrease of about 21.9% from approximately HKD 108.3 million for the year ended March 31, 2019[14]. - The gross profit for the year ended March 31, 2020, was approximately HKD 3.7 million, down from approximately HKD 28.9 million for the year ended March 31, 2019[14]. - The loss attributable to owners of the company for the year ended March 31, 2020, was approximately HKD 16.5 million, compared to a profit of approximately HKD 1.9 million for the year ended March 31, 2019[14]. - The pre-tax loss for the year ended March 31, 2020, was approximately HKD 19.1 million, a decrease of about HKD 23.7 million from a pre-tax profit of approximately HKD 4.6 million for the year ended March 31, 2019[18]. - Revenue decreased by approximately 21.9% from HKD 108.3 million for the year ended March 31, 2019, to HKD 84.6 million for the year ended March 31, 2020, primarily due to the completion of four maintenance projects and the negative impact of social unrest[53]. - The company recorded a loss of approximately HKD 16.5 million for the year ended March 31, 2020, compared to a profit of HKD 1.9 million for the previous year, attributed to decreased revenue and increased construction costs[62]. - The group reported a net loss of HKD 16,525,000 and an operating cash outflow of HKD 13,391,000 for the year ended March 31, 2020[134]. Challenges and Market Conditions - The group faced challenges due to public protests and the COVID-19 pandemic, which adversely affected construction activities[17]. - The company has observed a decrease in the number of industry tenders, yet continues to focus on developing its maintenance and civil engineering business in Hong Kong[51]. - The increase in construction costs, salaries, and other allowances contributed to the financial losses reported[18]. Governance and Board Structure - The board consists of six members, including three executive directors and three independent non-executive directors[23]. - The company emphasizes the importance of independent directors in strategic decision-making and performance evaluation[33]. - The company has a structured board with clear roles and responsibilities to ensure effective governance[23]. - The company has appointed three independent non-executive directors, ensuring that independent directors constitute at least one-third of the board[105]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with corporate governance standards[116]. - The company has established three board committees: the audit committee, remuneration committee, and nomination committee, each with defined responsibilities[115]. Management and Executive Team - Mr. Xia, the Chairman and Executive Director, has over 17 years of experience in road and highway management and maintenance[24]. - Mr. Ye, the CEO and Executive Director, has over 24 years of experience in the civil engineering industry[27]. - Mr. Han, an Executive Director, has over 20 years of experience in business management and marketing[29]. - The executive team is focused on overall strategy management and business development[24][27]. Financial Position and Assets - As of March 31, 2020, the company's current assets net value was approximately HKD 53.4 million, down from HKD 74.4 million the previous year, with cash and cash equivalents at HKD 11.5 million[63]. - The company's total bank borrowings, including overdrafts and lease liabilities, amounted to approximately HKD 23.2 million as of March 31, 2020, compared to HKD 22.9 million the previous year[63]. - The group had current bank and other borrowings of HKD 12,000,000 and trade and other payables of HKD 10,510,000, with cash and bank balances of HKD 11,525,000[134]. Dividend Policy - The board does not recommend the payment of a final dividend for the year ended March 31, 2020[14]. - The company has adopted a dividend policy to guide the board in determining whether to declare and pay dividends, with no predetermined payout ratio[129]. - The company will continue to review its dividend policy and reserves the right to update or modify it at any time[129]. Risk Management and Compliance - The board believes that good corporate governance is essential for maintaining stakeholder trust and creating long-term value[90]. - The company has established risk management procedures and guidelines to ensure compliance across various departments[133]. - The board is responsible for assessing the effectiveness of risk management and internal control systems, which aim to manage risks rather than eliminate them[130]. - The company has maintained compliance with applicable laws and regulations in all material aspects during the reporting period[155]. Shareholding and Options - As of the report date, the directors and senior management hold 201,300,000 shares, representing 41.94% of the company's equity[181]. - The maximum number of shares that may be issued upon the exercise of options granted under the share option scheme shall not exceed 10% of the total issued shares, equivalent to 480,000,000 shares as of the report date[169]. - Each participant's options granted under the share option scheme shall not exceed 1% of the issued shares within any 12-month period unless approved by shareholders[170].

Financial Performance - For the nine months ended December 31, 2019, the group's revenue was approximately HKD 67.5 million, a decrease from approximately HKD 71.9 million for the same period in 2018, primarily due to the completion of three maintenance projects[10] - The gross profit for the nine months ended December 31, 2019, was approximately HKD 3.3 million, down from approximately HKD 21.2 million in the same period of 2018, attributed to reduced revenue and increased cost of sales due to rising costs and wages[10] - The group recorded a loss of approximately HKD 9.0 million for the nine months ended December 31, 2019, compared to a profit of approximately HKD 3.8 million for the same period in 2018, mainly due to decreased revenue, reduced gross profit, and increased administrative expenses[10] - For the three months ended December 31, 2019, the revenue was HKD 21.5 million, compared to HKD 22.4 million for the same period in 2018[11] - The cost of sales for the nine months ended December 31, 2019, was HKD 64.3 million, an increase from HKD 50.6 million in the same period of 2018[11] - Administrative expenses for the nine months ended December 31, 2019, rose to HKD 12.1 million from HKD 7.3 million in the same period of 2018[11] - The basic loss per share for the nine months ended December 31, 2019, was HKD (1.88), compared to earnings of HKD 0.96 per share for the same period in 2018[11] - The group reported a loss before tax of HKD 9,040,000 for the nine months ended December 31, 2019, compared to a profit of HKD 5,942,000 for the same period in 2018[25] - Basic loss per share for the nine months ended December 31, 2019, was HKD (0.0184), compared to earnings of HKD 0.0096 per share in 2018[31] - Total financing costs for the nine months ended December 31, 2019, were HKD 531,000, an increase from HKD 449,000 in 2018[27] - Administrative expenses for the nine months ended December 31, 2019, were HKD 12,087,000, compared to HKD 7,257,000 in 2018, indicating a significant increase[25] - Other income for the nine months ended December 31, 2019, was HKD 323,000, compared to HKD 212,000 in 2018[25] - The group's revenue decreased from approximately HKD 71.9 million for the nine months ended December 31, 2018, to approximately HKD 67.5 million for the nine months ended December 31, 2019, a reduction of about HKD 4.4 million[41] - The cost of sales increased from approximately HKD 50.6 million to approximately HKD 64.3 million, an increase of about HKD 13.7 million, primarily due to rising costs and wages[42] - Gross profit decreased from approximately HKD 21.2 million to approximately HKD 3.3 million, with gross margin dropping from 29.6% to 4.8%[44] - Administrative expenses rose by approximately 65.8% from about HKD 7.3 million to approximately HKD 12.1 million, mainly due to increased depreciation and legal costs[46] - Financing costs increased by about 18.3% from HKD 449,000 to HKD 531,000, primarily due to increased bank borrowings[47] - The group recorded a loss of approximately HKD 9.0 million for the nine months ended December 31, 2019, compared to a profit of approximately HKD 3.8 million for the same period in 2018[51] - Other income increased to HKD 323,000 for the nine months ended December 31, 2019, from HKD 212,000 for the same period in 2018[45] Business Operations - The group did not report any new product launches or technological developments during this period[10] - There were no significant market expansions or acquisitions reported in the third quarter of 2019[10] - The company is focusing on restructuring and improving operational efficiency to address the financial challenges faced[10] - The group has not identified any significant changes in the business or regulatory environment affecting operations as of the report date[37] Shareholder Information - The group did not recommend any dividend for the nine months ended December 31, 2019, consistent with the previous year[29] - The board does not recommend the payment of dividends for the nine months ended December 31, 2019, consistent with the previous period[58] - As of December 31, 2019, Mr. Xia and Mr. Ye each held 334,800,000 shares, representing 69.75% of the company's equity[69] - Mr. Xia and Mr. Ye are deemed to have a collective control of 69.75% of the voting rights in the company after the completion of the share sale[72] Corporate Governance - The company has established an audit committee as of September 21, 2018, which reviewed the financial information for the nine months ended December 31, 2019[79] - No stock options were granted or exercised under the stock option plan for the nine months ended December 31, 2019[65] - The company did not purchase, sell, or redeem any shares during the nine months ended December 31, 2019[68] Capital Management - The net proceeds from the share sale are approximately HKD 23.0 million, intended for acquiring additional machinery and equipment, enhancing manpower, and strengthening financial capabilities[54]