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 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 WEBX INTERNATIONAL HOLDINGS COMPANY LIMITED （於開曼群島註冊成立之有限公司） 智雲國際控股有限公司 （股份代號: 8521） 股東週年大會通告 茲通告智雲國際控股有限公司（「本公司」）的股東週年大會（「大會」）謹訂於2025年6月20 日（星期五）下午三時三十分假座香港夏愨道12號美國銀行中心33樓05-06室舉行，以處 理下列事項： 1 1. 省覽及考慮截至2024年12月31日止年度的本公司及其附屬公司的經審核綜合財務 報表及本公司董事（「董事」，各為一名「董事」）會及核數師的報告。 2. 通過下列決議案（各自作為一項單獨決議案）： (a) 重選黃繼雄先生為執行董事； (b) 重選洪育苗先生為非執行董事； (c) 重選伍永亨先生為獨立非執行董事；及 (d) 授權董事會（「董事會」）釐定各名董事的酬金。 3. 續聘信永中和（香港）會計師事務所有限公司為本公司 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券交易商或註 冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的智雲國際控股有限公司股份全部售出或轉讓，應立即將本通函及隨附的 代表委任表格送交或轉交買主、承讓人或經手買賣或轉讓的銀行、股票經紀或其他代理商， 以便轉交買主或承讓人。 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通函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分內容而產生 或因依賴該等內容而引致的任何損失承擔任何責任。 WEBX INTERNATIONAL HOLDINGS COMPANY LIMITED （股份代號: 8521） （於開曼群島註冊成立之有限公司） 智雲國際控股有限公司 (1)建議授出購回股份及發行股份的一般授權； (2)建議重選退任董事；及 (3)股東週年大會通告 本公司謹訂於2025年6月20日（星期五）下午三時三十分假座香港夏愨道12號美國銀行中心33 樓05-06室舉行股東週年大會，召開大會的通告載於本通函第AGM-1至AGM-6頁。本公司股東 於股東週年大 ...

Financial Performance - The company's revenue for the fiscal year 2024 reached approximately HKD 120,028,000, representing a year-on-year increase of 9.1%[8] - The gross profit for 2024 was HKD 19,720,000, down from HKD 26,176,000 in 2023, indicating a decrease of 24.5%[7] - The company reported a net loss of HKD 17,510,000 for 2024, compared to a profit of HKD 2,202,000 in 2023[7] - Non-current assets decreased to HKD 18,919,000 in 2024 from HKD 20,540,000 in 2023, a decline of 7.9%[7] - Current assets slightly decreased to HKD 159,680,000 in 2024 from HKD 161,275,000 in 2023, a reduction of 1.0%[7] - The company's total liabilities increased to HKD 53,327,000 in 2024 from HKD 35,213,000 in 2023, an increase of 51.5%[7] - Cash and cash equivalents at the end of 2024 were HKD 78,823,000, a decrease from HKD 80,497,000 in 2023[7] - The net cash used in operating activities for the fiscal year 2024 was approximately HKD 5,774,000, an increase from HKD 2,758,000 in 2023, primarily due to a significant increase in deposits, prepayments, and other receivables[31] - The net cash used in investing activities for fiscal year 2024 was approximately HKD 285,000, a slight decrease from HKD 304,000 in 2023, mainly due to the absence of cash inflow from the acquisition of subsidiaries[31] - The net cash generated from financing activities for fiscal year 2024 was HKD 6,970,000, compared to HKD 1,213,000 used in 2023, attributed to increased bank borrowings and reduced repayments[31] Business Segments - In 2024, the company's revenue increased by 9.1% to approximately HKD 120,028,000 from HKD 109,968,000 in 2023, primarily driven by growth in cloud computing and internet traffic services[18] - The functional knitted fabric, clothing, and yarn sales segment generated revenue of approximately HKD 110,238,000, a slight increase of 0.4% from HKD 109,815,000 in the previous fiscal year[14] - The cloud computing and internet traffic services segment saw a significant revenue increase of 6,298.7%, reaching approximately HKD 9,790,000 compared to HKD 153,000 in 2023[15] Strategic Focus - The company is focusing on integrating artificial intelligence into its services to enhance online influence and marketing effectiveness[8] - The digital economy's rapid development is seen as an opportunity for the company's cloud computing and internet traffic service segments[8] - The company plans to actively explore new development directions while consolidating existing business operations[8] - The company plans to expand its presence in artificial intelligence and cloud computing technologies to drive future growth[16] - The company is focusing on innovation and technology to enhance its service offerings and drive long-term sustainable success[52] Corporate Governance - The company maintains high standards of corporate governance and has complied with all applicable provisions of the corporate governance code as of the report date[75] - The board consists of 3 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a balance of skills and experience[82] - The company has established a training requirement for directors to ensure compliance with the Main Board Listing Rules, which includes a 24-hour training course[68] - The company has a structured approach to internal controls to ensure compliance with the Main Board Listing Rules[73] - The company has implemented anti-corruption and whistleblowing policies to enhance internal fairness[78] - The board has delegated daily management to executive directors while retaining overall responsibility for major decisions[81] Risk Management - The board confirmed that the risk management and internal control systems are effective and adequate as of December 31, 2024[123] - The risk assessment process includes identifying risks through discussions with management and evaluating the consequences and likelihood of those risks[128][129] - The company has adopted internal control policies regarding insider information disclosure and has not identified any violations of securities trading rules[120] - The board is responsible for ensuring the establishment and maintenance of adequate risk management and internal control systems[122] Employee and Compensation - The total employee cost for the fiscal year 2024 was HKD 15,611,000, compared to HKD 14,068,000 for the fiscal year 2023, indicating a year-over-year increase of approximately 11%[55] - The group had 73 employees as of December 31, 2024, an increase from 66 in 2023[177] - The group's compensation policy aims to ensure fair treatment of all employees, with performance reviews conducted at least annually[177] Shareholder Communication - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of the group's business and performance[137] - The company will hold its 2025 Annual General Meeting on June 20, 2025, with a notice to be sent to shareholders in due course[138] - The company has established a website as a communication platform for shareholders and investors, providing access to financial information, corporate governance practices, and other relevant data[137] - The board confirmed the effectiveness of the communication policy with shareholders and will continue to review it annually[145] Shareholder Interests - The group recognizes the importance of protecting shareholder interests and maintaining effective communication with them through regular reports and meetings[169] - The company has maintained a public float of at least 25% of its issued shares as required by GEM listing rules[195] - The company has not entered into any stock-linked agreements during the fiscal year ending December 31, 2024[193] Future Outlook - The board remains cautiously optimistic about the economic recovery in China, projecting a GDP growth of 5.0% in 2024[1] - The group plans to strengthen its position in R&D for new functional fabrics and expand into different markets while increasing promotion and sales efforts to attract new customers[151]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 120,028,000, representing an increase of 9.6% compared to HKD 109,968,000 in 2023[12] - The cost of sales for 2024 was HKD 100,308,000, which is an increase of 19.7% from HKD 83,792,000 in 2023[12] - Gross profit for 2024 decreased to HKD 19,720,000, down 24.8% from HKD 26,176,000 in 2023[12] - The company incurred a loss before tax of HKD 18,776,000 in 2024, compared to a profit of HKD 3,711,000 in 2023[12] - The net loss for the year 2024 was HKD 17,510,000, compared to a profit of HKD 2,202,000 in 2023[12] - The gross profit decreased by HKD 6,456,000 or 24.7% to HKD 19,720,000, with the gross margin dropping approximately 7.4 percentage points to about 16.4%[24] - The company recorded a loss attributable to owners of HKD 17,510,000 for the fiscal year 2024, compared to a profit of HKD 2,202,000 for the fiscal year 2023, indicating a significant decline in performance[35] Assets and Liabilities - Total non-current assets decreased to HKD 18,919,000 in 2024 from HKD 20,540,000 in 2023[12] - Current assets slightly decreased to HKD 159,680,000 in 2024 from HKD 161,275,000 in 2023[12] - The company's net assets decreased to HKD 125,272,000 in 2024 from HKD 146,602,000 in 2023[12] - Cash and cash equivalents at the end of 2024 were HKD 78,823,000, down from HKD 80,497,000 at the end of 2023[12] - The debt-to-equity ratio as of December 31, 2024, was 22.6%, up from 14.2% as of December 31, 2023, indicating increased leverage[37] Cash Flow - The company reported a cash outflow from operating activities of HKD 5,774,000 in 2024, compared to an outflow of HKD 2,758,000 in 2023[12] - The net cash used in operating activities increased to approximately HKD 5,774,000 in fiscal year 2024 from approximately HKD 2,758,000 in fiscal year 2023, primarily due to a significant increase in deposits, prepayments, and other receivables[36] Revenue Segments - The functional knitted fabric, clothing, and yarn sales segment generated revenue of approximately HKD 110,238,000, an increase of HKD 423,000 or 0.4% compared to the previous fiscal year[19] - The cloud computing and internet traffic services segment reported revenue of approximately HKD 9,790,000, a significant increase of HKD 9,637,000 or 6,298.7% from the previous fiscal year[20] Expenses - Other income rose by HKD 388,000 or 16.3% to HKD 2,767,000, primarily from bank interest, government grants, and miscellaneous income[25] - Selling and distribution expenses increased by approximately HKD 892,000 or 17.4% to about HKD 6,007,000[27] - Administrative and other expenses rose by HKD 5,587,000 or 33.5% to HKD 22,263,000, mainly due to increased employee salaries and rent expenses[29] - Trade receivables impairment losses increased by approximately HKD 2,774,000 or 174.6% to HKD 4,363,000, attributed to expected credit losses from significant customers[30] Strategic Initiatives - The company plans to expand its presence in the artificial intelligence sector and enhance its cloud computing platform to drive future growth[21] - The company plans to change its name to "WebX International Holdings Company Limited" effective June 20, 2024, indicating a strategic shift towards computing power and information technology[57] - The company is committed to ongoing performance reviews and salary assessments to attract and retain talented employees, particularly in sales roles[60] - The company has been actively involved in acquiring new subsidiaries over the past year, reflecting its strategic focus on expanding into new technology sectors[57] Governance and Compliance - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills, experience, and diversity[87] - The independent non-executive directors confirmed their independence in writing according to GEM Listing Rules, ensuring that the interests of all shareholders are adequately considered[89] - The company maintains high standards of business ethics and corporate governance, with regular training to reinforce necessary standards and regulations[83] - The company has implemented an anti-corruption policy and reporting policy to enhance internal fairness awareness[83] - The board confirmed that the risk management and internal control systems are effective and adequate for the fiscal year 2024[128] Risk Management - The company is monitoring foreign exchange risks closely, particularly due to transactions denominated in currencies other than HKD, such as RMB and USD[51] - The board and audit committee are responsible for evaluating and determining the nature and extent of risks the group is willing to accept to achieve strategic objectives, ensuring effective risk management and internal control systems are implemented[130] - The risk assessment process includes identifying risks through discussions with management and determining existing controls while analyzing the consequences and probabilities of risks[134] Shareholder Relations - The company encourages shareholders to attend the Annual General Meeting and ensures that the chairman and auditors are present to address any questions raised by shareholders[142] - The company will hold its 2025 Annual General Meeting on June 20, 2025, and will continue to strengthen communication and relationships with shareholders and investors[143] - The board confirmed the effectiveness of the communication policy with shareholders and will continue to review it annually[150] Employee Relations - The total employee cost for the fiscal year 2024 was HKD 15,611,000, compared to HKD 14,068,000 for the fiscal year 2023, reflecting an increase of approximately 11%[60] - The company currently employs 73 staff members as of December 31, 2024, up from 66 employees a year earlier, representing a growth of approximately 10.6%[60] - The company emphasizes maintaining effective communication and good relationships with employees, suppliers, customers, and other stakeholders to achieve its immediate and long-term goals[168] Board Activities - The board of directors held a total of 5 meetings in the fiscal year ending December 31, 2024, with attendance rates for individual directors ranging from 60% to 100%[94] - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee, each with a clear written scope of authority[98] - The remuneration committee held four meetings during the fiscal year ending December 31, 2024, discussing and reviewing various matters before making recommendations to the board[118] Shareholder Interests - The company has adopted a dividend policy since January 1, 2019, which is reviewed annually by the remuneration committee[152] - The board of directors did not recommend the payment of a final dividend for the year ending December 31, 2024, consistent with the previous year[159] - As of December 31, 2024, the company's distributable reserves amounted to approximately HKD 49.61 million, a decrease from HKD 56.03 million in 2023[165]

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 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 盈利警告 本公告乃由智雲國際控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據 香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10(2)條及內幕消 息條文（定義見GEM上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及本公司有意投資者， 基於對本公司截至2024年12月31日止年度（「 2024財政年度」）的未經審核綜合管理賬目 之初步評估，預期本集團將於本年度錄得淨虧損不超過17.6百萬港元，而截至2023年12 月31日止年度（「2023財政年度」）則錄得純利約2.2百萬港元。 基於目前可得資料，董事會認為由盈轉虧乃主要歸因於(i)經營開支的增加導致毛利減 少至約19.7百萬港元（ 2023財政年度：約26.2百萬港元）；(ii)於年內租金開支及員工成本 的增加導致行政及其他開支增加至約22.3百萬港元（ 2023財政年度： ...

智雲國際控股有限公司 主席兼執行董事 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 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 WEBX INTERNATIONAL HOLDINGS COMPANY LIMITED （於開曼群島註冊成立之有限公司） 智雲國際控股有限公司 （股份代號: 8521） 董事會會議通告 智雲國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會將於 2025年3月28日（星期五）舉行會議，旨在（其中包括）考慮及批准本公司及其附屬公司截 至2024年12月31日止年度的末期業績以及宣派末期股息（如有）。 代表董事會 黃繼雄 香港，2025年3月17日 於本公告日期，董事會包括三名執行董事，即黃繼雄先生、李鍵先生及陳國敏先生；一 名非執行董事，即洪育苗先生；及三名獨立非執行董事，即伍永亨先生、陳綺華博士及 劉明芳先生。 本公告乃根據香港聯合交易所有限公司GEM證券上市規則提供有關本公司的資料。董 事願就本公告共同及個別承擔全部責任，並在作出一切合 ...

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 因依賴該等內容而引致的任何損失承擔任何責任。 WEBX INTERNATIONAL HOLDINGS COMPANY LIMITED 智雲國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號: 8521） (1)公司秘書、授權代表及 法律程序代理人變更；及 (2)更改香港主要營業地點 公司秘書、授權代表及法律程序代理人辭任 智雲國際控股有限公司（「本公司」）董事（「董事」及各自為一名「董事」）會（「董事會」）謹此宣 佈，冼健航先生（「冼先生」）因有意追求其他業務發展而已辭任(i)本公司的公司秘書（「公司秘 書」）；(ii)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5.24條 項下本公司授權代表（「授權代表」）；及(iii)香港法例第622章公司條例第16部項下本公司授權 代表（「法律程序代理人」），均自2024年12月10日起生效。 冼先生已確認彼與董事會並無意見分歧，亦無有關彼辭任之事宜須提請本公司股 ...

Financial Performance - For the six months ended June 30, 2024, the group recorded revenue of approximately HKD 58,820,000, an increase of about 37.6% compared to HKD 42,755,000 for the same period in 2023[5] - Gross profit for the same period was approximately HKD 15,032,000, representing a 49.5% increase from HKD 10,052,000 in the prior year[5] - The group achieved a net profit of approximately HKD 445,000 for the six months ended June 30, 2024, a turnaround from a net loss of HKD 2,071,000 in the same period of 2023[5] - Basic and diluted earnings per share for the period were HKD 0.08, compared to a loss of HKD 0.43 in the same period last year[6] - The group recorded a pre-tax profit of HKD 861,000, a significant improvement from a pre-tax loss of HKD 1,610,000 in the previous year[6] - The company reported a profit attributable to shareholders of HKD 445,000 for the six months ended June 30, 2024, compared to a loss of HKD 2,071,000 for the same period in 2023[28] Revenue and Growth - The management anticipates continued growth in demand for the group's products in the second half of 2024, driven by the recovery of the national economy[5] - The company expects higher revenue and operating profit in the second half of the year due to seasonal demand for functional knitted fabrics[42] - Revenue from customer contracts for the six months ended June 30, 2024, was HKD 58,820 thousand, an increase of 37.5% compared to HKD 42,755 thousand for the same period in 2023[16] - The company's revenue increased by approximately HKD 16,065,000 or 37.6% from HKD 42,755,000 for the six months ended June 30, 2023, to HKD 58,820,000 for the six months ended June 30, 2024[45] Expenses and Costs - The cost of inventory recognized as an expense was HKD 36,975 thousand for the six months ended June 30, 2024, compared to HKD 31,529 thousand for the same period in 2023[26] - Sales and distribution expenses increased by approximately HKD 634,000 or 23.4%, from HKD 2,704,000 to HKD 3,338,000, primarily due to increased digital marketing and e-commerce agency fees[47] - Administrative and other expenses rose by approximately HKD 1,822,000 or 20.3%, from HKD 8,962,000 to HKD 10,784,000, mainly due to increased rent and professional fees[48] - Employee costs, excluding directors' remuneration, decreased to HKD 2,531 thousand for the six months ended June 30, 2024, down from HKD 5,447 thousand in the previous year[26] Assets and Liabilities - As of June 30, 2024, total assets amounted to HKD 178,656 million, an increase of 10.8% from HKD 161,275 million as of December 31, 2023[8] - Total equity increased to HKD 149,380 million as of June 30, 2024, up from HKD 146,602 million as of December 31, 2023, reflecting a growth of 1.2%[9] - The company’s current liabilities increased to HKD 43,617 million as of June 30, 2024, compared to HKD 30,059 million as of December 31, 2023, an increase of 45.1%[8] - The total liabilities rose to HKD 48,341 thousand as of June 30, 2024, up from HKD 35,213 thousand as of December 31, 2023, indicating a 37.2% increase[21] Cash Flow - The company reported a net cash outflow from operating activities of HKD 41,062 million for the six months ended June 30, 2024, compared to HKD 25,528 million for the same period in 2023[12] - The company reported a net cash inflow from financing activities of HKD 14,285 million for the six months ended June 30, 2024, compared to a net cash outflow of HKD 1,550 million for the same period in 2023[12] - The company’s cash and cash equivalents decreased to HKD 54,989 million as of June 30, 2024, from HKD 56,494 million as of June 30, 2023, representing a decline of 2.7%[12] Shareholder Information - The board does not recommend the payment of a dividend for the six months ended June 30, 2024, consistent with the previous year[5] - The company completed a placement of 96,000,000 new ordinary shares at a price of HKD 0.185 per share, raising approximately HKD 17,760,000, with a net amount of HKD 17,400,000 after expenses[53] - As of June 30, 2024, the major shareholders included Li Jian with 15.54% and Chen Guomin with 13.98% of the shares[58] Corporate Governance - The audit committee has reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards and GEM listing rules[63] - The company has established an audit committee consisting of three independent non-executive directors, ensuring adherence to corporate governance standards[62] - The company has complied with all applicable provisions of the corporate governance code during the reporting period[64] - No directors or major shareholders have interests in any business that competes directly or indirectly with the group as of June 30, 2024[61] Strategic Initiatives - The company plans to ensure sales orders with existing customers while exploring new markets to capitalize on recovery opportunities[5] - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness and market position in China[43] - The company has changed its name from "ST International Holdings Company Limited" to "WebX International Holdings Company Limited," effective June 20, 2024, reflecting a strategic shift towards computing and information technology[66]

Financial Performance - For the six months ended June 30, 2024, the group recorded revenue and gross profit of approximately HKD 58,820,000 and HKD 15,032,000, representing an increase of approximately 37.6% and 49.5% compared to the same period in 2023[6]. - The gross profit margin increased by 2.1 percentage points from 23.5% for the six months ended June 30, 2023, to approximately 25.6% for the six months ended June 30, 2024[6]. - The group achieved a net profit of approximately HKD 445,000 for the six months ended June 30, 2024, compared to a net loss of approximately HKD 2,071,000 for the same period in 2023, marking a turnaround from loss to profit[6]. - Revenue for the six months ended June 30, 2024, was HKD 58,820,000, an increase of 37.5% compared to HKD 42,755,000 for the same period in 2023[7]. - Gross profit for the same period was HKD 15,032,000, representing a gross margin of 25.5%, up from HKD 10,052,000 in 2023[7]. - The company reported a profit before tax of HKD 861,000, a significant improvement from a loss of HKD 1,610,000 in the previous year[7]. - Total comprehensive income for the period was HKD 2,778,000, recovering from a total comprehensive loss of HKD 5,804,000 in 2023[7]. - The company reported a profit attributable to shareholders of HKD 445,000 for the six months ended June 30, 2024, compared to a loss of HKD 2,071,000 for the same period in 2023[29]. Revenue Drivers - The increase in revenue and gross profit is attributed to higher sales in clothing and cloud computing services, as well as a reduction in unit material costs and outsourcing processing fees[6]. - Functional knitted fabric sales contributed HKD 39,469,000, up 16.5% from HKD 33,887,000 year-on-year[17]. - Cloud computing and internet traffic services generated HKD 53,181,000, a growth of 24.3% from HKD 42,755,000 in the previous year[17]. - The cloud computing and internet traffic services segment generated revenue of HKD 5,639,000, marking its steady growth since its inception last year[45]. Cost and Expenses - Employee costs, excluding directors' remuneration, decreased to HKD 2,531,000 from HKD 5,447,000 year-on-year, reflecting a reduction of approximately 53%[27]. - The cost of inventory recognized as an expense increased to HKD 36,975,000 from HKD 31,529,000, representing an increase of about 17%[27]. - The sales and distribution expenses increased by approximately HKD 634,000 or 23.4%, from approximately HKD 2,704,000 to approximately HKD 3,338,000, primarily due to increased digital marketing and e-commerce agency fees[48]. - Administrative and other expenses rose by approximately HKD 1,822,000 or 20.3%, from approximately HKD 8,962,000 to approximately HKD 10,784,000, mainly due to increased rent and professional fees[49]. Cash Flow and Assets - Cash and cash equivalents at the end of the period were HKD 54,989,000, down from HKD 56,494,000 at the end of 2023[13]. - The company experienced a net cash outflow from operating activities of HKD 41,062,000, compared to HKD 25,528,000 in the previous year[13]. - Total assets increased to HKD 178,656,000 as of June 30, 2024, up from HKD 161,275,000 at the end of 2023[9]. - The company's net assets stood at HKD 149,380,000, a slight increase from HKD 146,602,000 at the end of 2023[9]. Shareholder Information - The basic and diluted earnings per share for the period were HKD 0.08, recovering from a loss per share of HKD 0.43 in the previous year[7]. - The company issued 96,000,000 new shares at HKD 0.185 per share, raising approximately HKD 17,760,000, with a net amount of HKD 17,400,000 after expenses[54]. - As of June 30, 2024, Mr. Li Jian holds 89,495,000 shares, representing 15.54% of the company's equity[59]. - Mr. Chen Guomin owns 80,540,000 shares, accounting for 13.98% of the company's equity[59]. - Ms. Li Yingyang has a beneficial interest in 81,595,000 shares, which is 14.17% of the company's equity[61]. - Mr. Li Jun, as a beneficial owner, holds 100,510,000 shares, representing 17.45% of the company's equity[61]. - Meta Tdex Technology LLC, beneficially owned by Mr. Li Jun, holds 96,000,000 shares, accounting for 16.67% of the company's equity[61]. Governance and Compliance - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors[63]. - The audit committee reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2024, and found it compliant with applicable accounting standards[64]. - The company has adopted a set of guidelines for securities trading by directors, confirming compliance by all directors during the reporting period[64]. - There were no repurchases of listed securities by the company or its subsidiaries during the reporting period[64]. Strategic Focus - The management anticipates continued growth in demand for the group's products in the second half of 2024, driven by the recovery of the national economy[6]. - The company is focused on expanding its cloud computing and internet traffic services alongside its functional knitted fabric and apparel sales[19]. - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness[44]. - The company aims to improve its market position in China by diversifying product offerings and optimizing marketing efforts based on changing market conditions[44]. - The company has shifted its business focus and strategic development towards computing power and information technology, as reflected in recent acquisitions[68]. Dividend Policy - The board of directors does not recommend the payment of a dividend for the six months ended June 30, 2024, consistent with the previous period[6]. - The company did not declare or propose any dividends for the six months ended June 30, 2024, nor for the same period in 2023[38]. - The company does not recommend any dividend payment for the six months ended June 30, 2024, consistent with the previous period[51].

Financial Performance - For the fiscal year 2023, the company reported revenue of HKD 109,968,000, an increase of HKD 8,868,000 or 8.8% compared to HKD 101,100,000 in 2022[10] - The gross profit margin improved from 17.5% in 2022 to 23.8% in 2023, indicating better cost management and pricing strategies[10] - The company achieved a net profit of HKD 2,202,000 in 2023, a significant turnaround from a net loss of HKD 11,025,000 in 2022, primarily due to increased revenue and reduced administrative expenses[10] - Gross profit rose by HKD 8.52 million or 48.3% to HKD 26.18 million in 2023, with the gross profit margin increasing approximately 6 percentage points to about 23.8%[21] - The company reported a profit attributable to owners of HKD 2.20 million for the fiscal year 2023, compared to a loss of HKD 11.03 million in 2022[31] Assets and Liabilities - Total assets for the company as of December 31, 2023, were HKD 181,815,000, compared to HKD 178,683,000 in 2022, reflecting a stable asset base[9] - The company’s cash and cash equivalents decreased to HKD 80,497,000 at the end of 2023 from HKD 84,758,000 at the end of 2022, indicating cash flow challenges[9] - The company recorded a decrease in current liabilities from HKD 45,781,000 in 2022 to HKD 30,059,000 in 2023, showing improved financial stability[9] - The company's outstanding bank loans and other borrowings as of December 31, 2023, amounted to HKD 17,829,000, down from HKD 35,318,000 in 2022, indicating a reduction of approximately 49.5%[33] - The company's debt-to-equity ratio as of December 31, 2023, was 14.2%, a significant decrease from 29.4% in 2022[33] Cash Flow - Operating cash flow for 2023 was negative at HKD (2,758,000), compared to positive cash flow of HKD 9,815,000 in 2022, highlighting operational challenges[9] - Cash used in operating activities for 2023 was approximately HKD 2.76 million, a decrease from HKD 9.82 million in 2022, mainly due to a significant increase in trade receivables[32] Business Strategy and Development - The company expects demand for its products to rebound significantly in the second half of 2023, following a strong recovery in demand due to the easing of COVID-19 impacts[15] - A new business department was established in Q4 2023 to leverage the expertise of the new executive director in mobile and online marketing, aiming to explore new market opportunities[14] - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness[16] - The company aims to strengthen its position in the research and development of new functional fabrics while expanding into different markets and increasing promotional and sales efforts to attract new customers[150] Governance and Management - The board of directors consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills, experience, and diverse perspectives[85] - The company has adhered to all applicable provisions of the corporate governance code during the fiscal year 2023[77] - The company emphasizes maintaining high standards of business ethics and corporate governance across all activities and operations[80] - The company has established a strong corporate culture as a key component of achieving its vision and strategy[78] - The company has appointed Mr. Xian Jianhang as the company secretary on August 28, 2023, who has over 17 years of experience in financial accounting, corporate finance, and private equity investment[75] Risk Management - The company faced various risks, including credit risk from customer payment delays, which could adversely affect financial performance[49] - The company has not engaged in any speculative activities using hedging contracts during the fiscal year 2023, but it will closely monitor foreign exchange risks[48] - The board believes that the risk management functions and internal control systems are effective and adequate as of the fiscal year 2023[122] - The risk management system is designed to manage existing risks and mitigate them to an acceptable level, rather than eliminate all risks[121] Employee and Stakeholder Relations - As of December 31, 2023, the group employed 66 staff, an increase from 63 staff as of December 31, 2022[56] - Employee costs for the fiscal year 2023 amounted to HKD 14,068,000, down from HKD 15,691,000 in fiscal year 2022, reflecting a decrease of approximately 10.3%[56] - The company has implemented competitive compensation packages for employees, including basic salaries, housing, and performance bonuses, to retain skilled and qualified staff[164] - The company emphasizes the importance of maintaining good relationships with employees, suppliers, customers, and other stakeholders to achieve immediate and long-term goals[162] Shareholder Communication - The company recognizes the importance of protecting shareholder interests and maintaining effective communication with them through regular reports and meetings[168] - The board is committed to enhancing communication with shareholders, particularly during the Annual General Meeting and other shareholder meetings[144] - The company has established a communication platform for shareholders and investors on its website, providing access to financial data and governance practices[135] Financial Reserves and Dividends - The company reported a total distributable reserve of approximately HKD 56,034,000 as of December 31, 2023, compared to HKD 41,670,000 in 2022, indicating a year-on-year increase of approximately 34%[159] - The board does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[153] - The company has adopted a dividend policy since January 1, 2019, which is reviewed annually by the remuneration committee[146] Board Committees and Diversity - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee to oversee various affairs[96] - The company currently has one female director, Dr. Chan, appointed on December 5, 2023, and is committed to gender diversity in board appointments[104] - The company has a board diversity policy to ensure a balanced skill set and diverse perspectives among board members[102] Compliance and Internal Controls - The company has adopted internal control policies regarding insider information disclosure and is not aware of any violations of the securities trading code or insider information policies as of the report date[118] - The company has not established a separate internal audit department but has implemented sufficient measures to fulfill internal audit functions through external consultants[120]