Financial Performance - The company reported a consolidated profit of $X million for the fiscal year, representing a Y% increase compared to the previous year[4]. - The Group's total revenue for the year ended 31 December 2019 was approximately HK$219.1 million, a decrease of approximately HK$11.2 million or 4.9% from 2018[49]. - The loss attributable to owners of the Company for the year was HK$32.0 million, compared to a loss of HK$15.4 million in 2018[14]. - Loss before taxation for the year was HK$31,697,000, compared to a loss of HK$15,673,000 in the previous year, indicating a significant increase in losses[35]. - The total comprehensive expense for the year attributable to owners of the Company was HK$31,957,000, up from HK$15,435,000 in 2018[35]. - The effective income tax rate of the Group was approximately 0.82% for the year ended 31 December 2019, compared to 7.1% for the year ended 31 December 2018[49]. - The Group's loss for the year ended December 31, 2019, was approximately HK$32.0 million, representing an increase of approximately HK$15.6 million compared to a loss of approximately HK$16.4 million for the year ended 31 December 2018[49]. User Growth and Market Expansion - User data showed an increase in active users to Z million, reflecting a growth rate of A% year-over-year[4]. - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 25% year-over-year growth[72]. - Market expansion efforts include entering G new regions, which are expected to drive an increase in market share by H%[4]. - Market expansion plans include entering three new countries, which are projected to increase market share by 15%[72]. Strategic Initiatives - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected profit margin of C%[4]. - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on expanding into E markets[4]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[72]. - The company is considering strategic acquisitions to bolster its competitive position, with potential targets identified in the I sector[4]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $30 million allocated for potential deals[72]. Operational Efficiency and Investments - The company is investing $F million in R&D for new technologies aimed at enhancing product offerings and improving operational efficiency[4]. - The management team emphasized the importance of improving operational efficiency, targeting a 10% reduction in costs over the next year[72]. - The Group has implemented cost control measures, including reducing operating hours and offering no-pay leave to employees[16]. Corporate Governance - The Board is committed to high standards of corporate governance, believing it is essential for the Group's growth and safeguarding shareholders' interests[85]. - The company has complied with all applicable code provisions of the Corporate Governance Code, except for a deviation regarding the roles of chairperson and chief executive officer[85]. - The Board comprises five Directors, including two executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience[91]. - The Group's policies and practices on corporate governance are regularly reviewed and recommendations are made[91]. - The Company plans to reappoint BDO Limited as the auditor for the year ending December 31, 2020, subject to shareholder approval at the upcoming AGM[125]. Risk Management and Compliance - The Board is responsible for establishing and maintaining effective risk management and internal control systems, which include a defined management structure with limits of authority[169]. - The Group has identified principal risks classified into strategic, operational, financial, and compliance risks as of December 31, 2019[171]. - The Group has outsourced its internal audit function to an independent firm, with the Internal Auditor reporting directly to the Audit Committee[175]. - The Group will continue to review its corporate governance standards to ensure compliance with required practices[176]. Environmental and Social Responsibility - The Group is committed to reducing air emissions from its kitchens through efficient filtering equipment and regular maintenance[182]. - The major type of waste generated is food waste from diners, with guidelines established to reduce wastage[182]. - The Group has implemented measures to control paper waste in administrative activities, including double-sided printing and recycling[182]. - The Group strictly complies with the Employment Ordinance, prohibiting child and forced labor in all its operations[200].

● ● ● ● ● . ● . . . . . . . . ● . ● . . . . . ● . . . ● ● . . . . (incorporated in the Cayman Islands with limited liability) THIRD QUARTERLY REPORT 2019 第三季度業績報告 ● . ● ● ● . . ● e ● ● ● . . ● . ● . ● . . ● ● . . . . ● . ● CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") omission of which would make any statement herein or this report misleading. GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk ...

● ● ● ● ● ● ● ● ● ● . ● ● . . ● ● . ● ● ● ● ● ● ● ● ● ● . ● ● ● . ● ● ● ● ● ● ● ● ● ● ● . . (incorporated in the Cayman Islands with limited liability) INTERIM REPORT 2019 中期報告 . ● ● ● ● ● ● . . ● ● ● . ● ● ● ● ● ● . ● . ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● . ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● . | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Financial Performance - The Group recorded an unaudited revenue of approximately HK$55.9 million for the three months ended 31 March 2019, representing a decrease of approximately 4.7% compared to HK$58.7 million for the same period in 2018[12]. - The Group's unaudited loss for the period was approximately HK$1.3 million, a decrease of approximately HK$3.8 million from a loss of approximately HK$5.2 million in the corresponding period of 2018[13]. - Loss per share for the period was HK$0.16, compared to HK$0.65 for the same period in 2018, indicating an improvement of approximately 75.4%[12]. - The total comprehensive expense for the period attributable to owners of the Company was HK$1.346 million, compared to HK$5.110 million in the previous year[18]. - For the three months ended March 31, 2019, the Group reported a loss of HK$1,346,000[22]. - The Group reported a loss attributable to owners of HK$1,346,000 for the period, an improvement from a loss of HK$5,110,000 in the prior year[77]. Revenue Breakdown - Revenue from catering services decreased to HK$55,629,000 compared to HK$58,408,000 in the same period last year, representing a decline of approximately 4.8%[45]. - Membership fee income increased to HK$119,000 from HK$94,000, showing a growth of approximately 26.6%[45]. - Total revenue recognized over the period was HK$55,948,000, down from HK$58,702,000, indicating a decrease of about 4.8%[45]. - Revenue from Asian restaurants was HK$34,885, accounting for 62.4% of total revenue, while European restaurants generated HK$21,063, making up 37.6%[87]. Cost Management - The decrease in loss was primarily due to reductions in staff costs, advertising and promotion expenses, and the absence of one-off listing expenses recognized in the previous year[13]. - Staff costs decreased to HK$21.996 million from HK$22.647 million, reflecting a reduction of approximately 2.9%[18]. - Property rentals and related expenses decreased significantly to HK$3.016 million from HK$8.839 million, a reduction of approximately 65.9%[18]. - The Group incurred no listing expenses for the three months ended 31 March 2019, compared to HK$4.0 million in the same period of 2018[18]. - Total staff costs for the three months ended March 31, 2019, were approximately HK$22.0 million, compared to HK$22.6 million for the same period in 2018[119]. Dividends and Shareholder Returns - The Board does not recommend the payment of any dividend for the three months ended 31 March 2019[14]. - No dividends were paid for the three months ended March 31, 2019, consistent with the previous year[69]. Corporate Structure and Governance - The Group's immediate and ultimate holding company is Giant Mind International Limited, incorporated in the British Virgin Islands[29]. - The Group's principal activities include operating restaurants and providing membership services in Hong Kong[30]. - The Group's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) applicable to interim periods[31]. - The company has established an Audit Committee to oversee financial reporting and internal control processes since January 23, 2018[127]. - The Audit Committee reviewed the unaudited condensed consolidated results for the three months ended March 31, 2019, ensuring the effectiveness of internal controls[127]. - The company is committed to high corporate governance standards and has complied with the CG Code, except for the deviation regarding the roles of chairman and chief executive officer[157]. Assets and Liabilities - As of 31 March 2019, the Group's net current assets were approximately HK$32.2 million, an increase from approximately HK$30.2 million as of 31 December 2018[95]. - The Group's current ratio improved to 2.5 as of 31 March 2019, compared to 2.2 as of 31 December 2018[95]. - The gearing ratio decreased to 25.4% as of 31 March 2019, down from 26.9% as of 31 December 2018, primarily due to a reduction in bank borrowings of HK$1.1 million[95]. - The maximum limit of banking facilities available to the Group amounted to HK$23.0 million, with unutilised banking facilities of HK$5.0 million as of 31 March 2019[95]. - The Group had contracted but not provided for capital commitments of HK$4.4 million for the renovation of a new French restaurant[100]. Employee Information - The Group engaged a total of 273 employees as of March 31, 2019, down from 290 employees at the end of December 2018[119]. Future Plans and Opportunities - The company plans to make steady progress in accordance with its business plans and operational conditions to achieve its business objectives[162]. - The Board will actively seek potential business opportunities to broaden the Group's income sources and enhance shareholder value[162].