Financial Performance - The company reported a significant increase in revenue, achieving a total of $150 million, representing a 25% year-over-year growth[7]. - Revenue for the year ended December 31, 2023, was HK$278,542,000, representing a 28.4% increase from HK$217,005,000 in 2022[23]. - Loss before taxation decreased to HK$9,453,000 in 2023 from HK$22,409,000 in 2022, indicating improved financial performance[23]. - The total comprehensive expense for the year attributable to owners of the Company was HK$1,923,000, a significant reduction from HK$19,744,000 in the previous year[23]. - The total deficit increased to HK$10,827,000 in 2023 from HK$2,864,000 in 2022, indicating a worsening financial position[24]. - Loss attributable to owners of the Company decreased by approximately HK$17.9 million, from approximately HK$19.7 million in 2022 to approximately HK$1.8 million in 2023, driven by increased revenue and improved cost margins[66][71]. Market Expansion and Strategy - The company provided an optimistic outlook, projecting a revenue growth of 20% for the next fiscal year, targeting $180 million[7]. - New product launches are expected to contribute an additional $20 million in revenue, with a focus on innovative technology solutions[7]. - The company is expanding its market presence in Southeast Asia, aiming to increase market share by 15% in the region[7]. - The Company plans to establish a high-end Hunan cuisine brand and open branches in multiple areas in Mainland China[32]. - The Company aims to promote Michelin-starred restaurants from Hong Kong to Mainland China, with plans to open branches in several provincial capital cities[32]. Research and Development - The company is investing $5 million in research and development for new technologies aimed at improving user experience[7]. - Additional investment will be made in the R&D department to hire product experts and food and beverage professionals to develop new products[35]. Operational Efficiency - The management highlighted a 10% reduction in operational costs due to efficiency improvements[7]. - The Group successfully operated eight brand restaurants during the year, including award-winning establishments such as Estro, MONO, and Duddell's[44]. - The cost margin of "Duddell's Hong Kong Airport" was maintained steadily at around 22.6%, which is lower than the average compared to other outlets[58]. Corporate Governance - The board of directors confirmed their commitment to corporate governance and compliance with GEM Listing Rules[7]. - The Group is committed to high standards of corporate governance and has complied with the Corporate Governance Code, except for a deviation regarding the roles of chairman and CEO[135]. - The Board consists of seven Directors, including two executive Directors, two non-executive Directors, and three independent non-executive Directors[155]. - The independent non-executive Directors actively participate in various committees, including the Audit Committee and Remuneration Committee, ensuring high standards in financial reporting[171][173]. Leadership and Management - Mr. Kong Linglei was appointed as the Chief Executive Officer on February 15, 2024, bringing experience from the catering and media sectors[113]. - The appointment of new directors in February 2024 reflects a strategic shift towards strengthening leadership and operational capabilities[113]. - The management team includes individuals with advanced training in market risk management and corporate compliance, indicating a strong governance framework[116]. Stakeholder Engagement and Social Responsibility - The Group acknowledges the importance of stakeholders and strives to meet market needs to foster sustainability[145]. - The company is actively engaging in public welfare initiatives through its board members, enhancing its corporate social responsibility profile[126]. Financial Position and Liabilities - As of December 31, 2023, the Group recorded net current liabilities of approximately HK$41.6 million, down from HK$50.7 million in 2022[67][72]. - The Group's current ratio remained at approximately 0.4 for both 2023 and 2022, while the gearing ratio improved to approximately -607.4% in 2023 from -2,349.4% in 2022[68][72]. - The Group did not have any capital commitments or material contingent liabilities as of December 31, 2023[88][89]. Board Diversity and Composition - The Board diversity policy aims for gender parity and considers various aspects such as age, cultural background, and professional experience in its composition[182]. - The workforce comprises 56.3% female and 43.7% male, demonstrating the company's commitment to gender equality principles[192]. - The Board's composition reflects a strategic focus on diverse industry experience and governance capabilities[128].

Financial Performance - The company's total revenue for the year ended December 31, 2023, was HKD 278,542,000, representing an increase of 28.5% compared to HKD 217,005,000 in 2022[5] - Other income decreased significantly to HKD 1,427,000 from HKD 14,422,000, a decline of 90.1%[5] - The total comprehensive loss for the year was HKD 6,618,000, a substantial improvement from a loss of HKD 23,000,000 in the previous year, indicating a reduction of 71.2%[5] - The company reported a loss before tax of HKD 9,453,000, which is an improvement from a loss of HKD 22,409,000 in the previous year[5] - Basic loss per share improved to HKD (0.31) from HKD (3.40), indicating a significant recovery[5] - The financial performance indicates a positive trend, with a notable reduction in losses and increased revenue growth[5] - The group reported a net loss of HKD 6,618,000 for the fiscal year ended December 31, 2023, with current liabilities exceeding current assets by HKD 41,646,000[50] - The pre-tax loss for 2023 was HKD 28,878,000, down from HKD 34,250,000 in 2022, indicating an improvement of about 15.6%[35] - The income tax expense for 2023 was reported as a net credit of HKD (2,835,000), compared to a tax expense of HKD 591,000 in 2022[36] Revenue Breakdown - Revenue from high-end dining services increased to HKD 165,020,000 in 2023, up from HKD 152,503,000 in 2022, representing a growth of approximately 8.3%[27] - Revenue from casual dining services surged to HKD 96,772,000 in 2023, compared to HKD 35,796,000 in 2022, indicating a significant increase[27] - The group recorded revenue of approximately HKD 278.5 million for the year ended December 31, 2023, an increase of about HKD 61.5 million or 28.4% compared to HKD 217.0 million in 2022[57] Cost and Expenses - The cost of materials and consumables increased to HKD 74,120,000 from HKD 60,672,000, reflecting a rise of 22.1%[5] - Employee costs rose to HKD 103,204,000, up from HKD 91,866,000, marking an increase of 12.3%[5] - Property rental and related expenses rose from approximately HKD 10.5 million for the year ended December 31, 2022, to approximately HKD 23.3 million for the year ended December 31, 2023, an increase of about HKD 12.8 million[61] - Total financing costs decreased from HKD 3,185,000 in 2022 to HKD 2,926,000 in 2023, representing a reduction of approximately 8.1%[32] Assets and Liabilities - Total assets decreased from HKD 69,937 thousand in 2022 to HKD 57,663 thousand in 2023, a decline of approximately 17.5%[6] - Current liabilities decreased from HKD 79,361 thousand in 2022 to HKD 71,641 thousand in 2023, a reduction of about 9.5%[7] - The company's total equity attributable to owners decreased from HKD 2,698 thousand in 2022 to HKD 775 thousand in 2023, a decline of about 71.3%[7] - The company's non-current liabilities decreased from HKD 22,060 thousand in 2022 to HKD 26,844 thousand in 2023, an increase of approximately 21.6%[7] - Current liabilities exceeded current assets by HKD 41,646,000, with a net debt of HKD 10,827,000 as of December 31, 2023[22] Strategic Focus and Future Outlook - The company plans to focus on market expansion and new product development in the upcoming year[5] - The group anticipates challenges in the economic outlook for 2024 due to rising global inflation and local economic slowdown[20] - The group plans to continue adopting a conservative and prudent business strategy to maintain sufficient cash flow and explore other business opportunities[54] - The group anticipates a gradual recovery in the Hong Kong dining industry in 2024, driven by an expected increase in inbound tourists[56] Corporate Governance - The company has confirmed compliance with corporate governance standards throughout the year ending December 31, 2023[105] - The company has adopted a set of behavioral standards for directors that meet or exceed GEM listing rules[102] - The company will separate the roles of Chairman and CEO starting February 15, 2024, ensuring compliance with corporate governance guidelines[107] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the consolidated financial results for the fiscal year ending December 31, 2023[115] - The independent auditor confirmed that the figures in the consolidated financial statements are consistent with the amounts reported for the fiscal year ending December 31, 2023[116] Shareholder Information - No dividends were declared or proposed for ordinary shareholders during the year, consistent with 2022[37] - The company sold 702,020,000 shares, representing approximately 60.53% of the total issued share capital, for a total price of HKD 54,476,752, equating to approximately HKD 0.0776 per share[87] - Following the offer's closure on February 9, 2024, the public held a total of 284,580,000 shares, which is about 24.54% of the total issued share capital[89] - The company applied for a temporary exemption from the GEM listing rules regarding public float requirements from February 9, 2024, to April 11, 2024[90]

Financial Performance - The Group recorded an unaudited revenue of approximately HK$206.0 million for the nine months ended 30 September 2023, representing an increase of approximately 33.5% compared to the corresponding period in 2022[16]. - The Group's unaudited profit attributable to owners of the Company was approximately HK$2.0 million for the nine months ended 30 September 2023, an increase of approximately HK$10.1 million compared to a loss of approximately HK$8.1 million for the same period in 2022[16]. - Earnings per share improved to HK$0.18 for the nine months ended 30 September 2023, compared to a loss of HK$0.70 per share in the corresponding period of 2022, reflecting a positive change of HK$0.88[15]. - Revenue for the three months ended September 30, 2023, was HK$63,253,000, representing an increase of 6.5% compared to HK$59,328,000 for the same period in 2022[18]. - For the nine months ended September 30, 2023, revenue reached HK$206,022,000, up 33.4% from HK$154,361,000 in the previous year[18]. - The company reported a loss before taxation of HK$3,431,000 for the third quarter of 2023, compared to a profit of HK$3,574,000 in the same quarter of 2022[18]. - Total comprehensive loss attributable to owners of the Company for the nine months ended September 30, 2023, was HK$8,065,000, compared to a loss of HK$9,377,000 in the same period of 2022[19]. - Basic and diluted loss per share for the third quarter of 2023 was HK$0.20, compared to earnings of HK$0.31 per share in the third quarter of 2022[18]. Revenue Breakdown - Fine dining revenue for the nine months ended September 30, 2023, was HK$121,190,000, up 12.1% from HK$108,133,000 in 2022[34]. - Casual dining revenue surged to HK$71,207,000 for the nine months ended September 30, 2023, compared to HK$24,102,000 in 2022, marking an increase of 195.5%[34]. - The revenue from "Duddell's Hong Kong Airport" was approximately HK$43.8 million during the period after resuming operations in late November 2022[71]. Expenses and Costs - Staff costs increased to HK$26,021,000 for the three months ended September 30, 2023, from HK$24,368,000 in the same period of 2022, reflecting a rise of 6.8%[18]. - The company incurred property rentals and related expenses of HK$5,944,000 in the third quarter of 2023, significantly higher than HK$2,318,000 in the same quarter of 2022[18]. - Staff costs increased to HK$77,343,000 for the nine months ended September 30, 2023, up from HK$67,353,000 in the previous year, reflecting a rise of approximately 14%[54]. - Property rentals and related expenses increased by approximately HK$9.8 million to approximately HK$17.0 million for the nine months ended September 30, 2023, mainly due to payable turnover rent for "Duddell's Hong Kong Airport"[80]. Corporate Governance and Management - The Company has complied with the corporate governance code provisions during the review period, except for the separation of the roles of chairman and chief executive officer[143]. - The Company believes that having the same individual serve as both chairman and CEO is in the best interest of effective management and business development[143]. - The Board will continue to review the appropriateness of the current management structure and consider splitting the roles when suitable[143]. - The Company has engaged consultants to provide strategic advice, with share options granted as part of their remuneration to incentivize continued service[136]. - The Company aims to maintain high corporate governance standards and will continuously improve its practices[143]. Share Capital and Options - As of September 30, 2023, the issued share capital of the Company is 1,159,780,000 shares[107]. - Ms. Wong Pui Yain holds a total of 543,446,000 shares, representing approximately 46.86% of the issued share capital[105]. - The Share Option Scheme was conditionally adopted on January 23, 2018, to attract and retain personnel for business development[120]. - The Company had 11,350,000 options outstanding under the Share Option Scheme as of September 30, 2023, representing approximately 0.98% of the Company's issued shares[140]. - No share options were exercised, lapsed, or cancelled during the nine months ended September 30, 2023[139]. Strategic Initiatives and Market Outlook - The Group will continue to adopt conservative and prudent business strategies to maintain sufficient cash flow and explore other business opportunities[69]. - Despite the recovery of the travel industry, the Group remains conservative in its outlook and will make steady progress according to its business plans[70]. - The government’s easing of social distancing measures and border reopening significantly improved JIA Group's business performance compared to the previous year[61]. - JIA Group launched a loyalty program in September 2023 to reward its most loyal customers[69]. - Ramato closed its doors in August 2023 to cease consistent losses, reflecting the challenging economic environment[69]. Taxation and Compliance - Current tax expense for the nine months ended September 30, 2023 was HK$158,000, compared to HK$87,000 in the same period of 2022, indicating an increase of approximately 81%[48]. - The Group has technically breached certain bank loan covenants due to failure to meet specific financial criteria, but lenders have not demanded immediate repayment[97]. - The Group is in communication with banks to resolve the breach of bank covenants to maintain existing loan facilities[97]. Other Financial Metrics - Other income for the nine months ended September 30, 2023, was HK$1,702,000, down from HK$13,450,000 in the previous year, indicating a decline of 87.3%[18]. - Interest income on bank deposits for the nine months ended September 30, 2023, was HK$46,000, up from HK$15,000 in 2022[41]. - Finance costs for the three months ended September 30, 2023, totaled HK$410,000, a decrease of 25.6% from HK$551,000 in the same period of 2022[43]. - Interest on lease liabilities for the nine months ended September 30, 2023, was HK$1,072,000, down 32.4% from HK$1,586,000 in 2022[43].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Jia Group Holdings Limited 佳民集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8519） 截至2023年9月30日止九個月 之第三季度業績公告 佳民集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然公告本公司 及其附屬公司截至2023年9月30日止九個月之未經審核業績。本公告載有本公 司2023年第三季度報告全文，符合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」）有關隨附第三季度業績初步公告的資料的相關規 定。本公司2023年第三季度報告印刷本將於適當時候寄發予本公司股東，並於聯 交所網站www.hkexnews.hk及本公司網站www.jiagroup.co可供查閱。 承董事會命 佳民集團有限公司 主席 黃佩茵 香港，2023年11月13日 ...

Financial Performance - The company reported a revenue increase of 15% year-over-year for the six months ended June 30, totaling $50 million[25]. - The Group recorded an unaudited revenue of approximately HK$142.8 million for the six months ended 30 June 2023, representing an increase of approximately 50.2% compared to HK$95.0 million for the corresponding period in 2022[27]. - Profit attributable to owners of the Company was approximately HK$4.3 million for the six months ended June 30, 2023, representing an increase of approximately HK$16.0 million compared to a loss of approximately HK$11.7 million for the same period in 2022[121]. - Earnings per share for the six months ended June 30, 2023 was HK$0.37, compared to a loss of HK$1.01 per share for the corresponding period in 2022, reflecting a turnaround in performance[31]. - The Group's total comprehensive income for the period attributable to owners of the Company was HK$4.3 million, compared to a loss of HK$11.7 million for the same period in 2022[31]. Revenue Breakdown - Revenue from fine dining increased to HK$86,538,000 for the six months ended June 30, 2023, up from HK$66,631,000 in the previous year, representing a growth of 30%[53]. - Casual dining revenue surged to HK$45,778,000 for the six months ended June 30, 2023, compared to HK$15,144,000 in 2022, marking a remarkable increase of 203%[53]. - The Group's revenue from fine dining catering services increased by approximately 29.9%, driven by "Duddell Central" which contributed an increase of approximately HK$14.1 million[99]. - Revenue from mid-market dining and casual dining services rose by approximately 22.5% and 202.3% respectively, attributed to the relaxation of social distancing measures and immigration controls[100]. Operational Efficiency - Cash flow from operations increased by 22%, totaling $12 million, indicating strong operational efficiency[25]. - Operating margin improved to 12%, up from 10% in the previous year, reflecting better cost management[25]. - The net cash from operating activities for the six months ended June 30, 2023, was HK$ 16,219 thousand, compared to HK$ 8,192 thousand for the same period in 2022, reflecting a significant increase of 97.5%[39]. Strategic Initiatives - The company completed a strategic acquisition of a smaller competitor for $10 million, expected to enhance its product offerings[25]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of the fiscal year[25]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of $2 million[25]. - The Group plans to seek potential business opportunities to broaden income sources and enhance shareholder value[109]. Cost Management - Research and development expenses increased by 18%, amounting to $5 million, focusing on innovative technologies[25]. - Staff costs rose to HK$51.3 million for the six months ended June 30, 2023, up from HK$43.0 million in the previous year[31]. - Raw materials and consumables used increased to HK$37.9 million for the six months ended June 30, 2023, compared to HK$26.7 million for the same period in 2022[31]. Assets and Liabilities - The Group's total current assets as of 30 June 2023 amounted to HK$30.6 million, an increase from HK$28.6 million as of 31 December 2022[32]. - Non-current assets decreased to HK$62.3 million as of 30 June 2023 from HK$69.9 million as of 31 December 2022, primarily due to depreciation[32]. - The net current liabilities decreased to HK$ (41,907) thousand from HK$ (50,741) thousand as of December 31, 2022, representing a reduction of approximately 17.5%[34]. - The total assets less current liabilities increased to HK$ 20,358 thousand in June 2023, up from HK$ 19,196 thousand in December 2022, indicating a growth of about 6.1%[34]. Shareholder Information - The total share capital remained stable at HK$11,598,000 as of June 30, 2023, with 1,159,780,000 shares issued and fully paid[93]. - Ms. Wong Pui Yain holds a total of 540,446,000 shares, representing approximately 46.60% of the shareholding[184]. - The interests of substantial shareholders and other persons in shares and underlying shares are recorded under section 336 of the SFO[191]. - The Company aims to provide additional incentives to Qualifying Grantees through the Share Option Scheme[199]. Compliance and Governance - The audit committee has reviewed the unaudited financial statements, ensuring oversight and compliance with financial reporting standards[49]. - The Company maintains compliance with the required standards of dealings by directors as per GEM Listing Rules[187]. - The Group has not yet adopted new and revised standards that are not effective, and is currently assessing their potential impact[48].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Jia Group Holdings Limited 佳民集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8519） 截至2023年6月30日止六個月之中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司 提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應 經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會較於主板買賣 的證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量 的市場。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關佳民集團有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本 公告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確認就 其所知及所信，本 ...

Financial Performance - The Group recorded an unaudited revenue of approximately HK$73.5 million for the three months ended 31 March 2023, representing an increase of approximately 94.1% compared to HK$37.8 million for the same period in 2022[15]. - The Group's unaudited profit for the period was approximately HK$4.7 million, a significant increase of approximately HK$16.4 million compared to a loss of approximately HK$11.8 million for the corresponding period in 2022[15]. - Earnings per share for the period was HK$0.43, compared to a loss per share of HK$0.87 for the same period in 2022, reflecting a turnaround in performance[15]. - The total comprehensive income attributable to owners of the Company was approximately HK$5.0 million, compared to a loss of HK$10.1 million for the same period in 2022[15]. - The company reported a profit of HK$4,988,000 for the period, recovering from a loss of HK$10,091,000 in the same quarter of 2022[17]. - Profit attributable to owners of the Company was approximately HK$5.0 million, an increase of approximately HK$15.1 million compared to a loss of approximately HK$10.1 million in the previous year[79]. Revenue Breakdown - Revenue from fine dining reached HK$44,637,000, up from HK$26,320,000, indicating a growth of 70% year-over-year[32]. - Casual dining revenue increased to HK$23,307,000 from HK$6,445,000, reflecting a growth of 262% compared to the previous year[32]. - Revenue from fine dining catering services increased by approximately 69.6%, mainly due to "Duddell Central" increasing by approximately HK$10.0 million and the opening of "Agora" in April 2022[59][60]. - Revenue from mid-market dining and casual dining services increased by approximately 80.7% and 261.6% respectively, attributed to the relaxation of social distancing measures and immigration controls[59][60]. - The reopening of Duddell's airport branch contributed approximately HK$14.6 million in revenue during the period[69]. Operational Costs - Raw materials and consumables used increased to HK$19.3 million from HK$10.9 million, indicating higher operational costs[16]. - Staff costs rose to HK$25.2 million from HK$19.5 million, reflecting increased workforce expenses[16]. - Property rentals and related expenses increased to HK$5.8 million from HK$2.0 million, primarily due to turnover rent at Duddell's Hong Kong Airport[78]. - Raw materials and consumables used amounted to approximately HK$19.3 million, representing 26.3% of total revenue, a decrease from 28.7% in the previous year[74]. - Total staff costs for the three months ended March 31, 2023, amounted to HK$25.2 million, compared to HK$19.5 million in the same period of 2022, reflecting an increase of approximately 28.9%[45]. Dividend and Share Capital - The Board does not recommend the payment of a dividend for the three months ended 31 March 2023, consistent with the previous year[15]. - As of March 31, 2023, the issued share capital of the company is 1,159,780,000 shares[94]. - The Company has 11,350,000 options outstanding under the share option scheme, representing approximately 0.98% of the Company's issued shares[106]. - No share options had been exercised, cancelled, or lapsed as of March 31, 2023[103]. Corporate Governance and Compliance - The Company is committed to maintaining high corporate governance standards and has complied with the CG Code, except for a deviation regarding the roles of chairman and CEO[125]. - The Company has established an Audit Committee to review financial reports and internal controls, comprising three independent non-executive Directors[128]. - The Company confirms that all Directors complied with the required standards of dealings regarding securities transactions during the review period[137]. - No competing business interests were reported by Directors or controlling shareholders during the three months ended March 31, 2023[133]. Market and Business Development - The company has not reported any new product launches or technological advancements during this period[19]. - There were no significant market expansions or acquisitions mentioned in the financial statements for the first quarter of 2023[19]. - The company continues to operate its restaurant business primarily in Hong Kong, with no indication of diversifying into new markets at this time[20]. - The Group's revenue for the three months ended March 31, 2023, is solely derived from restaurant operations in Hong Kong, with no further segment analysis presented[33][35]. - The company has not disclosed any new strategies or market expansions in the report[87]. Management and Staffing - The management team has demonstrated excellent capabilities, as evidenced by multiple awards received by the Group's restaurants[63]. - March 2023 was a busy month for the Group, with numerous events coinciding with Art Basel, contributing to increased business activity[64]. - The remuneration for Ms. Wong Pui Yain and Ms. Wan Suet Yee Cherry has changed to HK$75,000 per month effective from April 1, 2023[138]. - The monthly salary for Ms. Wong Pui Yain and Ms. Wan Suet Yee Cherry has been changed to HKD 75,000, effective from April 1, 2023[140]. Financial Position and Liabilities - As of March 31, 2023, total equity stood at HK$1,804,000, compared to HK$7,983,000 as of March 31, 2022, showing a decrease of 77%[17]. - The accumulated losses increased to HK$115,686,000 as of March 31, 2023, from HK$105,069,000 a year earlier, indicating a rise in losses of approximately 10%[17]. - The group has technically breached loan covenants due to not meeting certain financial standards, but lenders have not demanded immediate repayment as of the report date[87]. - The company has sufficient working capital from existing bank balances, cash, internally generated funds, and available bank financing[87]. - The board believes there is adequate operational funding available from current resources[87].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Jia Group Holdings Limited 佳民集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8519） 截至二零二三年三月三十一日止三個月 之第一季度業績公告 佳民集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然公告本公司及 其附屬公司截至二零二三年三月三十一日止三個月之未經審核業績（「第一季度 業績」）。本公告載有本公司二零二三年第一季度業績全文，符合香港聯合交易 所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）有關隨附第一季 度業績初步公告的資料的相關規定。本公司二零二三年第一季度報告印刷本將 根據GEM上市規則規定的方式於適當時候寄發予本公司股東，並於聯交所網站 https://www.hkex.com.hk 及本公司網站www.jiagroup.co 閱覽。 承董事會命 佳民集團有限公司 主席兼執行董事 黃佩茵 ...

Financial Performance - Jia Group Holdings Limited reported its annual results for the year ended December 31, 2022[28]. - The Group's revenue for the year ended December 31, 2022, was approximately HK$217.0 million, a decrease of approximately 2.0% compared to HK$221.3 million in 2021[35]. - The Group recorded a loss attributable to owners of the Company of approximately HK$19.7 million for the year, compared to a loss of HK$19.5 million in 2021[35]. - Revenue from mid-market dining, specialty coffee, and casual dining decreased by approximately 24.7%, 52.0%, and 9.1% respectively, primarily due to the closure of "Bibi & Baba" and the disposal of shares in Between HK[48]. - For the year ended December 31, 2022, the Group recorded a revenue of approximately HK$217.0 million, a decrease of approximately HK$4.3 million or 2.0% compared to HK$221.3 million in 2021[56]. - Revenue from specialty coffee and casual dining catering services decreased by approximately HK$8.1 million and HK$3.6 million, respectively, due to the closure of the restaurant "Bibi & Baba" in September 2022 and the disposal of shares in Between HK in August 2022[56]. - Revenue from fine dining catering services increased by approximately HK$14.3 million or 10.4%, primarily due to the opening of "Agora" in April 2022 and the re-opening of "Duddell's Hong Kong Airport" in November 2022[56]. Assets and Liabilities - The Group's total assets decreased from approximately HK$136.0 million in 2021 to approximately HK$98.6 million in 2022[44]. - Non-current liabilities decreased from approximately HK$39.0 million in 2021 to approximately HK$22.1 million in 2022, improving the Group's asset-liability structure[44]. - The Group's current liabilities increased from approximately HK$77.3 million in 2021 to approximately HK$79.4 million in 2022[44]. - The Group's net current liabilities increased from approximately HK$38.4 million in 2021 to approximately HK$50.7 million in 2022[44]. - The current ratio was approximately 0.4 as of December 31, 2022, down from 0.5 in 2021[71]. - Total equity attributable to owners of the Company amounted to approximately HK$2.7 million as of December 31, 2022, a decrease from HK$22.0 million in 2021[73]. - The Group reported net current liabilities of HK$50.7 million for the year ended December 31, 2022, indicating material uncertainty regarding its ability to continue as a going concern[163]. Operational Changes - The Group closed the restaurant "Bibi & Baba" in September 2022 due to poor performance, which is expected to improve overall cash flow and liquidity[36]. - The management is optimistic about the recovery of Hong Kong's food and beverage industry in the short term following the relaxation of COVID-19 restrictions[37]. - Staff costs increased by approximately HK$4.8 million from approximately HK$87.1 million in 2021 to approximately HK$91.9 million in 2022, mainly due to the opening of new restaurants[62]. - Property rentals and related expenses rose by approximately HK$1.7 million from approximately HK$8.8 million in 2021 to approximately HK$10.5 million in 2022, attributed to new restaurant openings[63]. Corporate Governance - The Company has complied with the Corporate Governance Code, except for the separation of the roles of chairperson and chief executive officer[155]. - The Board is responsible for formulating the Group's overall strategies and supervising management performance[165]. - The management team is tasked with daily operations and must report significant matters to the Board for prior approval[168]. - The Board consists of five Directors, including two executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience[170]. - The independent non-executive Directors actively participate in various committees, including the Audit Committee and Remuneration Committee, contributing to the company's governance[182]. - The Nomination Committee concluded that the existing Board is satisfactory and effective in terms of size, structure, composition, commitment, independence, and diversity[200]. Strategic Initiatives - The company aims to enhance spaces for people to connect, focusing on storytelling and authentic food experiences[29]. - The Group has established a creative and freedom-based working environment to foster meaningful brand development[160]. - The Company aims to expand its market presence and enhance its product offerings through strategic initiatives and potential acquisitions[121]. - The management team is committed to continuous improvement in business operations and exploring new market opportunities[130]. - The Group emphasizes ongoing market research for innovative ideas to enhance its offerings[162]. Leadership and Experience - Ms. Wong, the CEO and founder, has over 22 years of experience in the industry and has received multiple awards for her contributions, including "Asia's Best Young Entrepreneurs" in 2008[124]. - Ms. Wan, the senior operations director, has approximately 20 years of experience in the food and beverage industry, previously managing operations for multiple restaurants[131]. - The company has a strong board of directors with members holding significant experience in finance and operations, including Mr. Chanmugam and Mr. Leung, who have extensive backgrounds in investment banking and financial management[135][139]. - The Board's diverse expertise positions the company well for navigating market challenges and capitalizing on growth opportunities[139]. Financial Strategies - The proceeds from the Placing I completed on September 24, 2020, amounted to approximately HK$13.8 million, with net proceeds of HK$13.2 million intended for various business developments[106]. - The actual use of proceeds from Placing I included HK$1.9 million for cloud kitchen development and HK$5.0 million for loan repayment, totaling HK$10.6 million utilized by December 31, 2022[112]. - The Placing II completed on June 18, 2021, generated gross proceeds of approximately HK$18.1 million and net proceeds of HK$17.5 million for expanding the specialty coffee business and casual dining[116]. - By December 31, 2022, HK$15.0 million of the net proceeds from Placing II had been utilized, with HK$2.5 million remaining[120]. - The company plans to fully utilize the proceeds from Placing I and Placing II by December 31, 2023[120].

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Jia Group Holdings Limited 佳民集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8519） 截至2022年12月31日止年度之年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司 提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應 經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，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。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關佳民集團有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本 公告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確認就 其所知及所 ...