FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 廣駿集團控股有限公司 呈交日期： 2024年12月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 08516 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包 ...

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。 本公告僅供參考，並不構成收購、購買或認購任何本公司證券之邀請或要約。 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） 配售事項的所得款項淨額（經扣除配售事項的佣金及其他開支後）約為3.10百萬 港元。本公司擬將有關所得款項淨額用作本集團一般營運資金。 對本公司股權架構的影響 完成根據一般授權配售新股份 配售代理 茲提述廣駿集團控股有限公司（「本公司」）日期為2024年11月15日及2024年12月 3日的公告（「該等公告」），內容有關根據一般授權配售最多27,404,000股配售股 份。除另有指明者外，本公告所用詞彙應與該等公告所界定者具有相同涵義。 董事會欣然宣佈，配售協議載列的所有條件已經達成，完成已於2024年12月10 日落實。根據配售協議的條款及條件，配售代理成功以配售價每股配售股份0.1 ...

Financial Performance - Revenue increased by approximately 188.8% from about HKD 6.6 million for the six months ended September 30, 2023, to about HKD 19.1 million for the six months ended September 30, 2024, primarily due to the approval of maintenance projects[9] - Gross profit for the six months ended September 30, 2024, was approximately HKD 7.2 million, compared to HKD 55,000 for the same period in 2023, reflecting the increase in revenue[9] - The net profit for the six months ended September 30, 2024, was approximately HKD 3.6 million, a significant improvement from a net loss of approximately HKD 2.5 million in the same period of 2023[9] - Basic and diluted earnings per share for the six months ended September 30, 2024, was HKD 2.61, compared to a loss per share of HKD 2.20 for the same period in 2023[11] - The group achieved a profit of approximately HKD 3.6 million for the six months ended September 30, 2024, compared to a loss of about HKD 2.5 million in the same period last year, driven by increased revenue[78] Assets and Liabilities - As of September 30, 2024, total assets amounted to HKD 34,203 million, an increase from HKD 26,945 million as of March 31, 2024, representing a growth of approximately 27.5%[14] - The company reported a net loss of HKD 2,512 million for the six months ended September 30, 2024, compared to a loss of HKD 4,170 million for the same period in 2023, indicating a 40% improvement[24] - Cash and cash equivalents decreased to HKD 366 million as of September 30, 2024, down from HKD 2,120 million at the end of the previous period, reflecting a decline of approximately 82.7%[24] - The company's total equity increased to HKD 14,842 million as of September 30, 2024, up from HKD 11,265 million as of March 31, 2024, marking a growth of approximately 32.5%[16] - The company’s current liabilities increased to HKD 19,765 million as of September 30, 2024, from HKD 16,379 million as of March 31, 2024, which is an increase of about 14.6%[14] Cash Flow and Financing - The net cash used in operating activities was HKD 1,795 million for the six months ended September 30, 2024, compared to HKD 4,170 million in the prior year, showing a significant reduction in cash outflow[24] - The financing activities generated a net cash inflow of HKD 1,662 million for the six months ended September 30, 2024, compared to HKD 681 million in the previous year, reflecting a significant increase of approximately 144%[24] - The group incurred other loans from third parties amounting to approximately HKD 1.8 million, with interest rates of 4% and 5%[55] Employee and Operational Costs - Total employee costs for the six months ended September 30, 2024, amounted to HKD 3,857,000, an increase from HKD 2,807,000 in the same period of 2023, reflecting a rise of approximately 37%[42] - The group’s depreciation expenses for property, plant, and equipment increased to HKD 425,000 for the six months ended September 30, 2024, compared to HKD 281,000 for the same period in 2023, reflecting an increase of approximately 51%[42] Dividends and Shareholder Information - The company’s board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[9] - The group did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year where no dividend was declared[44] - The average number of ordinary shares outstanding increased to 137,020,000 for the six months ended September 30, 2024, compared to 114,220,000 for the same period in 2023, reflecting an increase of approximately 20%[45] Corporate Governance and Compliance - The company has complied with the corporate governance code principles and applicable provisions as of September 30, 2024[111] - The company appointed Ms. Liu as an independent non-executive director on October 29, 2024, restoring compliance with GEM Listing Rules[110] - The board expresses gratitude to customers, business partners, and shareholders for their continued support[130] Future Plans and Investments - The group is focused on civil engineering projects and road maintenance, with ongoing government infrastructure investment plans[67] - There are no significant plans for major investments or capital assets in the future[93] - The group did not make any significant investments or acquisitions during the six months ended September 30, 2024[90]

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。 董事會謹此宣佈，中主環球會計師事務所有限公司（「中主環球」）因具備相關 專業知識的團隊資源不足以應付審核本集團截至2025年3月31日止財政年度的 綜合財務報表，已辭任本集團核數師，自2024年11月19日起生效。 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） 更換核數師 本公告乃由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（「董事會」）根據香港聯合交易所有限公司（「聯交所」）GEM證 券上市規則（「GEM上市規則」）第17.50(4)條作出。 核數師辭任 中主環球以書面確認，除上文所披露者外，概無有關其辭任本公司核數師的其 他事宜須提呈本公司股東（「股東」）垂注。 董事會及本公司審核委員會（「審核委員會」）已確認，除中主環球的資源及專 業知識不足（如上文 ...

承董事會命 廣駿集團控股有限公司 主席兼執行董事 夏澤虹 香港，二零二四年十一月十九日 於本公告日期，本公司執行董事為夏澤虹先生，葉柱成先生及楚金哲先生；及獨立非執 行董事為霍惠新博士、劉玉超女士及鄧瑞文女士。 本公告乃遵照 GEM 上市規則而刊載，旨在提供有關本公司的資料。各董事就本公告共同 及個別承擔全部責任。董事在作出所有合理查詢後，確認就其所深知及確信，本公告所 載資料在各重大方面均屬準確及完備，並無誤導或欺詐成分，以及本公告並無遺漏任何 其他事項，致使本公告任何陳述或本公告產生誤導。 本公告將由刊登之日起計最少七天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」一頁登載。本公告亦將於本公司網站 www.grandtalentsgroup.com.hk 登 載。 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 ...

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。 本公告僅供參考，並不構成收購、購買或認購任何本公司證券之邀請或要約。 配售代理 配售事項 於2024年11月15日（聯交所交易時段後），本公司與配售代理訂立配售協議， 據此，本公司有條件同意透過配售代理按竭誠基準以每股配售股份0.120港 元的配售價向不少於六名承配人配售最多27,404,000股配售股份，而承配人 及其最終實益擁有人均為獨立第三方。 配售價每股配售股份0.120港元(i)相當於股份於最後交易日在聯交所所報的 收市價每股0.120港元；及(ii)較股份於緊接配售協議日期前連續五個最後交 易日在聯交所所報平均收市價每股0.1214港元折讓約1.15%。 – 1 – 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） 根據一般授權配售新股份 配售股份的最高數目相當於(i)本公司於本公告日期的 ...

執行董事 夏澤虹先生（主席） 葉柱成先生（行政總裁） 楚金哲先生 獨立非執行董事 鄧瑞文女士 霍惠新博士 劉玉超女士 GRAND TALENTS GROUP HOLDINGS LIMITED 廣駿集團控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號： 8516) 董事名單與其角色和職能 廣駿集團控股有限公司董事會（「董事會」）成員包含下列六名董事： 董事會轄下設有三個委員會。下表提供各董事會成員在該等委員會所擔任職位的資料。 香港，二零二四年十月二十九日 | | 董事委員 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董事會 | | | | | | 夏澤虹先生 | | | 成員 | 主席 | | 葉柱成先生 | | | | | | 楚金哲先生 | | | | | | 鄧瑞文女士 | | 主席 | 成員 | 成員 | | 霍惠新博士 | | 成員 | 主席 | 成員 | | 劉玉超女士 | | 成員 | | | ...

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。 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） (1)委任獨立非執行董事； (2)董事委員會組成變更；及 (3)遵守GEM上市規則 委任獨立非執行董事 董事會欣然宣佈，劉玉超女士已獲委任為獨立非執行董事及審核委員會成員， 自2024年10月29日起生效。 董事委員會組成變更 董事會進一步宣佈，自2024年10月29日起： 遵守GEM上市規則 於本公告日期，於(a)委任劉女士為獨立非執行董事及審核委員會成員以及(b) 將董事會主席兼執行董事夏澤虹先生由提名委員會成員調任為提名委員會主 席後，本公司已重新遵守GEM上市規則第5.05(1)、5.28及5.36A條的規定。 – 1 – (i) 劉玉超女士獲委任為審核委員會成員；及 (ii) 董事會主席兼執行董事夏澤虹先生由提名委員會會員獲調任為提名委員 會 ...

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 17.0 million, a decrease from approximately HKD 29.4 million for the fiscal year ending March 31, 2023, primarily due to the completion of maintenance and repair projects[13] - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 1.1 million, an increase from a gross loss of approximately HKD 5.0 million for the fiscal year ending March 31, 2023, mainly due to a reduction in cost of revenue[13] - The loss attributable to owners of the company for the fiscal year ending March 31, 2024, was approximately HKD 15.1 million, a decrease from a loss of approximately HKD 27.3 million for the fiscal year ending March 31, 2023, primarily due to reduced costs of revenue[13] - The company's revenue for the year ended March 31, 2024, was approximately HKD 17.0 million, a decrease from HKD 29.4 million for the year ended March 31, 2023, primarily due to the completion of maintenance and repair projects[44] - Cost of revenue decreased by approximately 54.0% from HKD 34.4 million for the year ended March 31, 2023, to HKD 15.8 million for the year ended March 31, 2024, mainly due to reductions in employee costs, subcontracting costs, and material costs[45] - Gross profit increased to HKD 1.1 million for the year ended March 31, 2024, compared to a gross loss of HKD 5.0 million for the year ended March 31, 2023, with gross profit margin improving to 6.7% from a gross loss margin of 16.9%[46] - Other income for the year ended March 31, 2024, was approximately HKD 0.2 million, down from HKD 1.3 million for the year ended March 31, 2023, primarily due to the absence of government subsidies under the Employment Support Scheme[47] - The company reported a loss of approximately HKD 15.1 million for the year ended March 31, 2024, a decrease from a loss of HKD 27.3 million for the year ended March 31, 2023, mainly due to reduced revenue[53] Board of Directors and Governance - The board consists of five directors, including two executive directors and three independent non-executive directors[22] - Executive Director Mr. Xia Zhehong has over 19 years of experience in road and highway management and maintenance[23] - Executive Director Mr. Ye Zhucheng has over 26 years of experience in the civil engineering industry[26] - Independent Non-Executive Director Ms. Deng Ruiwen is the chair of the audit committee and a member of the remuneration and nomination committees[28] - Independent Non-Executive Director Dr. Huo Huixin holds multiple degrees, including a PhD in Engineering Management[32] - Independent Non-Executive Director Ms. Wu Jing has over 15 years of experience in corporate finance and investment[31] - The company emphasizes independent judgment on strategy, performance, resources, and code of conduct from its independent directors[28] - The board's composition reflects a balance of experience in engineering, finance, and corporate governance[30] - The company is focused on strategic management and development under the leadership of its executive directors[23][26] - The management team is committed to enhancing operational efficiency and business development[26] - The board of directors consists of a chairman and a CEO, with a total of five members, including three independent non-executive directors[90] - The independent non-executive directors represent at least one-third of the board, ensuring strong independent judgment[96] - The company has adopted a securities trading compliance manual for senior management, aligning with the trading compliance standards[85] - All directors confirmed compliance with the trading compliance standards during the fiscal year ending March 31, 2024[86] - The company has purchased directors' liability insurance to cover legal liabilities arising from actions against directors[92] - The board regularly reviews the contributions of each director and their commitment to their responsibilities[89] - Three directors will retire and seek re-election at the upcoming annual general meeting on July 30, 2024[99] - The company emphasizes high standards of ethics, transparency, accountability, and integrity in its governance practices[82] - The audit committee held three meetings during the fiscal year ending March 31, 2024, to review the annual performance and interim results of the company and its subsidiaries[111] - The remuneration committee conducted two meetings to review the compensation of individual executive directors and senior management for the fiscal year ending March 31, 2024[112] - The nomination committee held one meeting to assess the independence of non-executive directors and the composition of the board for the fiscal year ending March 31, 2024[117] - The company has adopted a board nomination policy for recommending candidates for director positions at the annual general meeting[118] - The audit committee is composed of three independent non-executive directors, ensuring compliance with corporate governance codes[109] - The remuneration committee includes one executive director and three independent non-executive directors, ensuring a balanced approach to compensation[112] - The company emphasizes continuous professional development for all directors, with training sessions attended by all board members during the fiscal year[105] - The board of directors is responsible for overseeing the company's business performance and ensuring alignment with shareholder interests[101] - The company has established three board committees: audit, remuneration, and nomination, each with defined responsibilities[108] - The company regularly reviews and adjusts the remuneration of directors and senior management based on market levels and company performance[113] - The company has adopted a board diversity policy to enhance competitive advantage through diverse board member backgrounds, including gender, age, and professional experience[121] - The board will review its structure and composition annually to ensure a balanced and diverse representation, focusing on various aspects such as gender and cultural background[121] - The company emphasizes gender diversity at all levels, including senior management, and adheres to fair employment principles without discrimination[123] - The board has established a dividend policy to guide decisions on declaring and paying dividends, with no predetermined payout ratio[126] - The board is responsible for assessing and determining the nature and extent of risks the company is willing to take to achieve strategic objectives[127] - The company has implemented multiple risk management procedures and guidelines to ensure compliance with control policies across departments[131] - The board believes that the current risk management and internal control systems are adequate and effective as of March 31, 2024[131] - The company has no internal audit unit due to cost-effectiveness considerations, but it is enhancing its internal control systems[131] - The nomination committee will ensure that proposed candidates enhance board diversity, particularly in gender balance[124] - The company will continue to review its dividend policy and reserves the right to update it at any time[126] Operational Insights - The company will continue to focus on maintenance and civil engineering projects in Hong Kong, despite rising operational costs impacting profit margins[18] - The company remains optimistic about securing future projects and will continue to bid for civil engineering and maintenance projects to create more profits for shareholders[18] - As of March 31, 2024, the company's current assets net value was approximately HKD 10.6 million, down from HKD 22.6 million as of March 31, 2023, with cash and cash equivalents at approximately HKD 0.9 million compared to HKD 5.6 million[54] - The company's current ratio as of March 31, 2024, was approximately 1.6 times, down from 2.2 times as of March 31, 2023[54] - The total lease liabilities as of March 31, 2024, were approximately HKD 0.2 million, down from HKD 0.4 million as of March 31, 2023[54] - Administrative expenses remained stable at approximately HKD 12.5 million for the year ended March 31, 2024, compared to HKD 11.9 million for the year ended March 31, 2023[50] - Financing costs remained stable at approximately HKD 1.0 million for both the years ended March 31, 2023, and March 31, 2024[51] - As of March 31, 2024, the group had capital expenditures of HKD 330,000 for right-of-use assets, down from HKD 474,000 in 2023[60] - The total employee cost for the year ending March 31, 2024, was approximately HKD 10.8 million, a decrease from HKD 17.2 million in 2023[66] - The group completed a placement of 22,800,000 shares at a price of HKD 0.10 per share, raising a net amount of approximately HKD 2.10 million for general working capital[68] - The group has no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures as of March 31, 2024[67] - The group has not proposed a final dividend for the year ending March 31, 2024, consistent with the previous year[73] - The group faced a potential claim of approximately HKD 1.644 million related to construction services, which management believes is unreasonable and unlikely to result in cash outflow[62] - The group has identified a disputed overpayment of approximately HKD 287,000, with a proposed repayment of HKD 137,000 from the supplier[62] - The group has no significant foreign exchange risk as its business activities are primarily conducted in Hong Kong and denominated in HKD[74] - The group has utilized HKD 6.8 million of the net proceeds from the 2022 placement for expanding the workforce, with a total planned use of HKD 29.6 million[77] - The group has no plans for significant investments or capital assets as of March 31, 2024[67] - The net proceeds from the placement for general working capital amounted to HKD 2,100,000, fully utilized by March 31, 2024[80] - The group reported a pre-tax loss of approximately HKD 15.1 million and an operating cash outflow of about HKD 7.6 million for the year ending March 31, 2024[138] - As of the reporting date, the group had current bank and other borrowings of approximately HKD 0.9 million, trade payables and other payables of about HKD 7.3 million, and amounts due to shareholders of around HKD 8.9 million[138] - The board confirmed that the financial statements were prepared on a going concern basis, believing the group has sufficient resources to continue operations for the foreseeable future[138] - The external auditor's fees for the year ending March 31, 2024, were HKD 750,000 for audit services and zero for non-audit services[141] Environmental, Social, and Governance (ESG) Initiatives - The company has been engaged in civil engineering work in Hong Kong for over 13 years, focusing on road and highway maintenance projects and other infrastructure[161] - The company obtained regular contracts for professional road maintenance and will continue to bid for civil engineering and maintenance projects to increase profitability[161] - The ESG report emphasizes the importance of ESG risk management in decision-making processes to protect business growth and the environment[162] - The company is committed to integrating sustainable development into its operations to create value for stakeholders[162] - The report covers core business operations from April 1, 2023, to March 31, 2024, ensuring data consistency with the previous fiscal year[154] - The company aims to continuously improve its ESG performance and uphold its responsibilities as a responsible enterprise[164] - The report includes quantitative data on environmental and social key performance indicators, ensuring transparency and accuracy[156] - Stakeholder engagement is crucial for the company, as it influences decision-making and helps align ESG strategies with stakeholder expectations[168] - The company adheres to the guidelines set by the Hong Kong Stock Exchange for ESG reporting, ensuring compliance and transparency[155] - The board regularly reviews sustainability policies to ensure alignment with industry best practices and stakeholder needs[164] - The total construction waste generated in 2024 was 5,060.7 tons, a significant increase from 2,901.7 tons in 2023[181] - Greenhouse gas emissions decreased to 71.2 tons of CO2 equivalent in 2024, down from 238.2 tons in 2023, representing a reduction of approximately 70%[186] - The density of greenhouse gas emissions per square meter decreased to 0.05 tons in 2024, compared to 0.09 tons in 2023, indicating a 44% reduction[189] - The company emphasizes the importance of waste management and aims to improve data collection systems for hazardous waste statistics[184] - The company has prioritized addressing occupational safety, waste management, and resource utilization as key ESG issues[177] - The total amount of inert construction waste in 2024 was 5,059.5 tons, compared to 2,686.1 tons in 2023[181] - The company aims to minimize its ecological footprint through responsible resource management strategies[179] - The company has implemented energy-saving measures and adopted renewable energy to reduce greenhouse gas emissions[189] - The total direct greenhouse gas emissions (Scope 1) were 60.6 tons of CO2 equivalent in 2024, down from 212.2 tons in 2023[186] - The company is committed to sustainable practices and responsible operations to address significant environmental issues[179] - Total energy consumption for the fiscal year 2024 was 277.46 MWh, a significant decrease from 859.07 MWh in 2023, representing a reduction of approximately 67.7%[194] - Diesel consumption decreased from 619.53 MWh in 2023 to 184.43 MWh in 2024, a reduction of about 70.2%[194] - Water consumption for fiscal year 2024 was 291.00 cubic meters, down 64% from 810.22 cubic meters in 2023[197] - Total electricity consumption in fiscal year 2024 was 28,731 kWh, a decrease from 60,022 kWh in 2023, representing a reduction of approximately 52.2%[196] - Paper consumption decreased by 36% in fiscal year 2024, with total usage at 256 kg compared to 400 kg in 2023[200] - The energy density per square meter for fiscal year 2024 was 0.21 MWh, down from 0.33 MWh in 2023, indicating improved energy efficiency[194] - The company installed a photovoltaic system in July 2019, generating 2,680 kWh in fiscal year 2024[195] - The total water density per square meter for fiscal year 2024 was 0.216 cubic meters, down from 0.311 cubic meters in 2023[196] - The company is committed to optimizing resource utilization and encouraging suppliers to follow sustainable practices[194] - The company aims to monitor energy consumption continuously and adjust energy-saving policies accordingly[194]

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 17.0 million, a decrease from approximately HKD 29.4 million for the fiscal year ending March 31, 2023, primarily due to the completion of maintenance and repair projects[14]. - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 1.1 million, an increase from a gross loss of approximately HKD 5.0 million for the fiscal year ending March 31, 2023, mainly due to a reduction in cost of revenue[14]. - The loss attributable to owners of the company for the fiscal year ending March 31, 2024, was approximately HKD 15.1 million, a decrease from a loss of approximately HKD 27.3 million for the fiscal year ending March 31, 2023, primarily due to reduced revenue costs[14]. - The group's revenue for the year ended March 31, 2024, is approximately HKD 17.0 million, a decrease from approximately HKD 29.4 million for the year ended March 31, 2023, primarily due to the completion of maintenance and repair projects[17]. - The group's pre-tax loss decreased from approximately HKD 27.4 million for the year ended March 31, 2023, to approximately HKD 15.1 million for the year ended March 31, 2024, mainly due to reduced revenue costs[17]. - The cost of revenue for the fiscal year ending March 31, 2024, was approximately HKD 15.8 million, a reduction of about 54.0% from HKD 34.4 million for the fiscal year ending March 31, 2023, mainly due to decreases in employee costs, subcontracting costs, and material costs[46]. - The company recorded a gross profit of HKD 1.1 million for the fiscal year ending March 31, 2024, compared to a gross loss of HKD 5.0 million for the fiscal year ending March 31, 2023, resulting in a gross profit margin of approximately 6.7%[47]. - The company reported a loss of approximately HKD 15.1 million for the fiscal year ending March 31, 2024, a decrease from a loss of HKD 27.3 million for the fiscal year ending March 31, 2023, mainly due to reduced revenue[54]. - The group reported a pre-tax loss of approximately HKD 15.1 million and an operating cash outflow of about HKD 7.6 million for the year ending March 31, 2024[139]. Dividends and Shareholder Returns - The board of directors does not recommend the payment of any dividends for the fiscal year ending March 31, 2024[14]. - The board did not recommend a final dividend for the year ended March 31, 2024, consistent with the previous year[74]. - The company has a dividend policy that allows the board to determine the level of dividends based on various factors, with no predetermined payout ratio[127]. - The company will continue to review its dividend policy and reserves the right to update or modify it at any time[127]. Operational Insights - The company has over 13 years of experience as a subcontractor in civil engineering projects, focusing on road and highway maintenance in Hong Kong[16]. - The company has expanded its services to include civil engineering projects, such as the construction of drainage systems in Hong Kong since 2013[16]. - Government initiatives to stimulate the economy and infrastructure investment plans are expected to benefit the construction industry, although rising labor, material, and subcontracting costs may lead to lower project profit margins[16]. - The company continues to focus on developing its maintenance and civil engineering business in Hong Kong despite ongoing challenges[16]. - The group anticipates that high operating costs, including labor, materials, and subcontracting costs, will lead to lower profit margins despite the optimistic outlook for future projects[19]. - The group will continue to adopt more cost-effective construction methods and accelerate project delivery times to address profit pressure[19]. - The group remains optimistic about securing future projects and will continue to bid for civil engineering and maintenance projects to create more profits for shareholders[19]. - The company has recently secured regular contracts for professional road maintenance and will continue to bid for civil engineering and maintenance projects to enhance profitability[162]. Governance and Compliance - The board of directors has confirmed compliance with the corporate governance code throughout the fiscal year ending March 31, 2024[84]. - The company maintains a strong focus on high standards of ethics, transparency, accountability, and integrity in its operations[83]. - The board composition includes a mix of executive and independent non-executive directors, ensuring independent judgment[97]. - The company has purchased directors' liability insurance to cover legal responsibilities arising from actions against directors[93]. - The company has not identified any instances of employees failing to comply with the trading compliance guidelines during the fiscal year[87]. - The company has conducted regular reviews of board members' contributions and time commitment to their responsibilities[90]. - The board of directors has established service agreements with an initial fixed term of three years, subject to renewal unless terminated with a three-month written notice[99]. - The audit committee held three meetings during the fiscal year ending March 31, 2024, to review the annual and quarterly financial performance of the company and its subsidiaries[112]. - The remuneration committee met twice during the fiscal year to review the remuneration of independent non-executive directors and senior management[113]. - All directors participated in training seminars related to the latest developments in GEM listing rules and corporate governance during the fiscal year ending March 31, 2024[106]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with corporate governance codes[110]. - The company has established three board committees: the audit committee, remuneration committee, and nomination committee, each with defined terms of reference[109]. - The board is responsible for formulating business strategies, reviewing group performance, and approving financial statements and annual budgets[102]. - The company maintains training records for all directors and provides ongoing briefings and professional development as necessary[107]. - The remuneration committee is tasked with advising the board on the remuneration of all directors and senior management, ensuring alignment with corporate governance standards[113]. - The Nomination Committee was established on September 21, 2018, to review the board structure and recommend candidates for board vacancies[115]. - The Nomination Committee consists of one executive director and three independent non-executive directors as of the fiscal year ending March 31, 2024[118]. - The company has adopted a board diversity policy to enhance competitive advantage and maintain a balanced board composition[122]. - The board aims to maintain an appropriate balance of diversity related to business growth, considering factors such as gender, age, and professional qualifications[122]. - The board believes that the risk management and internal control systems are adequate and effective as of March 31, 2024[132]. - The company has implemented a whistleblowing policy to ensure high levels of transparency, honesty, and accountability, with no significant fraud or misconduct reported affecting the financial statements for the year[133]. - The group has established a disclosure policy to guide directors and employees in handling confidential information and monitoring disclosures[132]. - The board has adopted an anti-fraud and anti-bribery policy to prevent, detect, and report fraudulent activities, applicable to all employees and business partners[134]. - The company has no internal audit unit currently, as the board deems it not cost-effective given the current operational scale[132]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes ESG risk management in its decision-making process, aiming to integrate sustainability into all operations[163]. - The board actively participates in reviewing sustainability policies to ensure alignment with industry best practices[165]. - The company is committed to continuous improvement in its ESG performance and fulfilling its responsibilities as a responsible corporate entity[165]. - The company has implemented a comprehensive ESG strategy to enhance resilience against environmental challenges and build stakeholder trust[165]. - The company’s ESG report is prepared in accordance with the GEM Listing Rules and has been approved by the board for accuracy and timeliness[156]. - The company will continue to focus on developing its maintenance and civil engineering business while considering ESG matters[162]. - The company recognizes the significance of stakeholder engagement in shaping its ESG strategies and business operations[169]. - Total construction waste generated in 2024 was 5,060.7 tons, an increase of 74.4% from 2,901.7 tons in 2023[182]. - The density of construction waste per square meter increased to 3.75 tons in 2024 from 1.11 tons in 2023[182]. - Non-inert construction waste decreased to 1.2 tons in 2024 from 215.6 tons in 2023, indicating improved waste management practices[182]. - The company emphasizes the importance of waste management and is committed to improving waste prevention and handling measures[185]. - The company aims to maximize material reuse before disposal, reducing the environmental impact of waste[186]. - The company plans to enhance collaboration with property management companies to improve data collection on non-hazardous waste[185]. - The company is focused on implementing effective waste management practices to minimize landfill waste[186]. - The company adheres to relevant laws and regulations, including the Waste Disposal Ordinance, in its waste management efforts[181]. - The company has established a waste management plan to ensure proper disposal of construction waste at designated sites[186]. - Total greenhouse gas emissions decreased to 71.2 metric tons of CO2 equivalent in 2024, down 70% from 238.2 metric tons in 2023[187]. - Direct greenhouse gas emissions (Scope 1) reduced to 60.6 metric tons of CO2 equivalent in 2024, a 71.5% decrease from 212.2 metric tons in 2023[187]. - Total energy consumption for 2024 was 277.46 MWh, a significant reduction of 67.7% from 859.07 MWh in 2023[191]. - Water consumption decreased by 64% in 2024, totaling 291.00 cubic meters compared to 810.22 cubic meters in 2023[197]. - Energy density improved to 0.21 MWh per square meter in 2024, down from 0.33 MWh per square meter in 2023, reflecting a 36.4% reduction[191]. - The company generated 2,680 kWh of electricity from the photovoltaic system installed in July 2019[196]. - The density of paper usage decreased to 0.190 kg per square meter in 2024, down from 0.154 kg per square meter in 2023[197]. - Nitrogen oxides emissions dropped to 168.0 kg in 2024, a reduction of 79.6% from 821.6 kg in 2023[187]. - The company is actively monitoring emissions and seeking new methods to reduce air pollution[190]. - The total electricity consumption was 28,731 kWh in 2024, down from 60,022 kWh in 2023, indicating a 52.2% decrease[197].