Financial Performance - ST International Holdings Company Limited reported a revenue of HKD 500 million for the fiscal year ending December 31, 2023, representing a 15% increase compared to the previous year[3]. - The company achieved a net profit of HKD 80 million, which is a 20% increase year-over-year, indicating improved operational efficiency[3]. - The company has set a performance guidance of HKD 600 million in revenue for the next fiscal year, projecting a growth rate of 20%[3]. - The company's revenue for the fiscal year 2023 increased by HKD 8,868,000 or 8.8% to HKD 109,968,000 compared to HKD 101,100,000 in 2022[13]. - Gross profit rose by HKD 8,523,000 or 48.3% to HKD 26,176,000, with the gross margin increasing from 17.5% in 2022 to 23.8% in 2023[24]. - The company recorded a net profit of HKD 2,202,000 in 2023, a significant recovery from a net loss of HKD 11,025,000 in 2022, driven by increased revenue and reduced administrative expenses[13]. Market Expansion and Product Development - User data showed a growth in active users by 25%, reaching a total of 1.25 million users by the end of 2023[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[3]. - New product launches are expected to contribute an additional HKD 100 million in revenue in 2024, with a focus on innovative textile solutions[3]. - The company plans to enhance its R&D capabilities for functional knitted fabrics and dyeing methods to strengthen its competitive position[19]. - A new business department focused on cloud computing and internet traffic services was established in Q4 2023 to capitalize on industry growth opportunities[20]. - 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[153]. Financial Management and Expenses - Research and development expenses increased by 10% to HKD 50 million, reflecting the company's commitment to innovation and technology advancement[3]. - The company reported a gross margin of 40%, which is an improvement from 35% in the previous year, indicating better cost management[3]. - Sales and distribution expenses increased by approximately HKD 1,037,000 or 25.4% from about HKD 4,078,000 in FY2022 to about HKD 5,115,000 in FY2023, driven by increased market demand and travel expenses post-pandemic[27]. - Administrative and other expenses decreased by HKD 2,397,000 or 12.6% from HKD 19,073,000 in FY2022 to HKD 16,676,000 in FY2023, mainly due to reduced employee salaries and depreciation[28]. - Financing costs rose by HKD 52,000 or 3.7% from HKD 1,412,000 in FY2022 to HKD 1,464,000 in FY2023, due to increased bank loan interest[31]. - Income tax expense increased by HKD 855,000 or 130.7% from HKD 654,000 in FY2022 to HKD 1,509,000 in FY2023, primarily due to a doubling of corporate income tax in China[32]. Risk Management and Compliance - The company faces credit risk from customers, which may impact liquidity if customers delay payments, necessitating close monitoring of their financial health[52]. - The company is exposed to various risks including policy risks due to unprecedented economic reforms in China, which may affect production costs and overall business performance[55]. - The company has adopted internal control policies regarding the disclosure of inside information and has not been aware of any violations of the securities trading code or inside information policies during the fiscal year[121]. - The board is responsible for ensuring the establishment and maintenance of adequate risk management and internal control systems[124]. - The group has not established a separate internal audit department but has implemented measures to fulfill internal audit functions through external consultants[123]. Corporate Governance - The board of directors expressed confidence in achieving sustainable growth through strategic initiatives and operational improvements[3]. - The company maintains high standards of business ethics and corporate governance across all activities[83]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and experience[88]. - The company has implemented anti-corruption and whistleblowing policies to enhance internal fairness and ethics[83]. - Continuous professional development is emphasized, with all directors participating in training to update their knowledge and skills[91]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[138]. - The upcoming annual general meeting is scheduled for May 31, 2024, to strengthen communication with shareholders[139]. - The company encourages shareholders to attend meetings and actively participate in discussions regarding company matters[138]. - The board confirmed the effectiveness of the communication policy with shareholders and will continue to review it annually[147]. Employee Management - The company had a total employee cost of HKD 14,068,000 for the fiscal year 2023, compared to HKD 15,691,000 for the fiscal year 2022, with a workforce of 66 employees as of December 31, 2023[59]. - The company has established a performance review system for employees, with formal evaluations conducted at least annually[181]. - The group will continue to invest in employee training programs covering management skills, sales, marketing, and quality control[167]. - The company is committed to providing equal opportunities in recruitment, compensation, and promotion for all employees[108].

Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 77,680,000, an increase of about 3.8% compared to HKD 74,817,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 20,262,000, representing an increase of about 11.4% from HKD 18,186,000 in the previous year[7] - The gross profit margin improved from 24.3% to approximately 26.1%, attributed to a higher profit margin product mix and reduced costs of raw materials and outsourcing[7] - The group achieved a net profit of approximately HKD 3,666,000 for the nine months ended September 30, 2023, compared to HKD 2,454,000 for the same period in 2022, reflecting the increase in revenue and gross profit[7] - For the three months ended September 30, 2023, revenue was HKD 34,925,000, compared to HKD 26,445,000 in the same quarter of 2022[10] - The net profit for the three months ended September 30, 2023, was HKD 5,737,000, a significant increase from HKD 38,000 in the same quarter of the previous year[12] - The company reported a basic and diluted earnings per share of HKD 0.76 for the nine months ended September 30, 2023, compared to HKD 0.51 for the same period in 2022[12] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 679,000, compared to a loss of HKD 8,364,000 in the same period of the previous year[12] - For the nine months ended September 30, 2023, the company reported a profit of HKD 3,666,000, compared to HKD 2,454,000 for the same period in 2022, representing a year-over-year increase of 49.2%[14] Revenue Breakdown - Revenue from functional knitted fabric sales for the nine months ended September 30, 2023, was HKD 66,129,000, a decrease of 3.2% from HKD 68,342,000 in the same period of 2022[26] - Revenue from garment sales increased significantly to HKD 4,566,000 for the nine months ended September 30, 2023, compared to HKD 3,495,000 in 2022, marking a growth of 30.6%[26] Expenses and Costs - The total employee costs, excluding directors' remuneration, for the nine months ended September 30, 2023, were HKD 9,327,000, a decrease of 6.3% compared to HKD 9,957,000 in the same period of 2022[35] - Research and development expenses for the nine months ended September 30, 2023, amounted to HKD 2,889,000, down from HKD 3,796,000 in the same period of 2022, reflecting a reduction of 23.9%[35] - Selling and distribution expenses increased by approximately HKD 68,000 or 1.7% to approximately HKD 4,153,000 due to higher exhibition and travel expenses[52] - Administrative and other expenses decreased by approximately HKD 131,000 or 1.1% to approximately HKD 11,834,000, primarily due to reduced depreciation and legal fees[54] - Income tax expense for the nine months ended September 30, 2023, was approximately HKD 837,000, with an effective tax rate of 18.6%, up from 9.3% in 2022[55] Shareholder Information - The company successfully placed 96,000,000 shares at a price of HKD 0.185 per share, raising approximately HKD 17,400,000 in net proceeds on October 25, 2023[44] - As of September 30, 2023, Ms. Li Yingyang holds 81,595,000 shares, representing 17% of the company's equity, while Mr. Yuan Bo holds 139,200,000 shares, representing 29%[68] Corporate Governance - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors, ensuring adherence to applicable accounting standards and sufficient disclosure[71] - The company has maintained compliance with all applicable corporate governance code provisions during the reporting period[75] Future Outlook - The company aims to enhance its market position in China by improving product variety and increasing marketing efforts to expand its customer base[47] - The company continues to focus on securing sales orders from existing customers while exploring new customer acquisition to expand its customer base[7] - There are currently no significant investments or acquisitions planned, but the company will continue to seek potential investment or acquisition opportunities[58] Other Financial Metrics - The total equity attributable to the owners of the company as of September 30, 2023, was HKD 128,429,000, down from HKD 151,580,000 as of September 30, 2022, reflecting a decrease of 15.2%[14] - Financing costs for the nine months ended September 30, 2023, amounted to HKD 1,115,000, slightly up from HKD 1,059,000 in the same period of 2022, indicating a rise of 5.3%[30] - The company reported a total inventory cost of HKD 54,247,000 for the nine months ended September 30, 2023, compared to HKD 51,542,000 in the same period of 2022, indicating an increase of 5.2%[35] - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[8] - The company did not declare any dividends for the current period, consistent with the previous year[38] - There have been no purchases or sales of the company's listed securities during the reporting period[74]

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。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2023 年第三季度業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2023 9 30 2023 欣然公佈本集團截至 年 月 日止九個月的未經審核季度業績。本公告載列本公司 年 GEM 第三季度報告全文，並遵守香港聯合交易所有限公司 證券上市規則中有關季度業績初步 公告隨附資料的相關規定。 代表董事會 智紡國際控股有限公司 主席兼執行董事 黃繼雄 2023 11 13 香港， 年 月 日 於本公告日期，董事會包括三名執行董事，即黃繼雄先生、奚斌先生及李鍵先生；一名非執行 BBS 董事，即洪育苗先生；及三名獨立非執行董事，即施榮懷先生， ，太平紳士、方建達先生及伍 ...

Financial Performance - For the six months ended June 30, 2023, the group recorded revenue of approximately HKD 42,755,000, a decrease of about 11.6% compared to HKD 48,372,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 10,052,000, down 28.8% from HKD 14,126,000 in the previous year, with a gross margin decline from 29.2% to 23.5%[7] - The group reported a net loss of approximately HKD 2,071,000 for the six months ended June 30, 2023, compared to a net profit of HKD 2,416,000 for the same period in 2022[8] - Other income for the six months was approximately HKD 790,000, down from HKD 1,043,000 in the previous year[10] - The group experienced a significant decrease in pre-tax profit, reporting a loss of HKD 1,610,000 compared to a profit of HKD 2,942,000 in the previous year[10] - The company reported a loss attributable to shareholders of HKD 2,071,000 for the six months ended June 30, 2023, compared to a profit of HKD 2,416,000 in the same period of 2022[36] - The company experienced a total comprehensive loss of HKD 5,804,000 for the six months ended June 30, 2023, compared to a total comprehensive income of HKD 2,416,000 for the same period in 2022[13] Dividend and Shareholder Information - The board of directors did not recommend the payment of a dividend for the six months ended June 30, 2023, consistent with the previous year[8] - The company has no plans to declare dividends for the six months ended June 30, 2023[46] - The company has not issued any potential dilutive ordinary shares, resulting in basic and diluted loss per share being the same at the end of the reporting period[36] - The company’s basic and diluted loss per share for the period was HKD 0.43, compared to earnings of HKD 0.50 per share in the same period last year[10] Operational Costs and Expenses - Selling and distribution expenses were HKD 2,704,000, compared to HKD 2,237,000 in the same period last year, reflecting increased operational costs[10] - Employee costs, excluding directors' remuneration, were HKD 5,828,000 for the six months ended June 30, 2023, down 23.2% from HKD 7,577,000 in the same period of 2022[33] - Administrative and other expenses decreased by approximately HKD 227,000 or 2.5% to about HKD 8,962,000 for the six months ended June 30, 2023[61] - Employee costs for the six months ended June 30, 2023, were approximately HKD 7,562,000, down from HKD 9,326,000 for the same period in 2022, representing a decrease of about 19%[78] Assets and Liabilities - As of June 30, 2023, the company's total assets amounted to HKD 155,435,000, a slight decrease from HKD 157,157,000 as of December 31, 2022[12] - The company's net current assets decreased to HKD 107,343,000 from HKD 111,376,000 year-over-year[12] - The total equity of the company as of June 30, 2023, was HKD 121,946,000, down from HKD 127,750,000 at the end of 2022, reflecting a decrease of approximately 4.5%[12] - The company reported a net cash outflow from operating activities of HKD 25,528,000 for the six months ended June 30, 2023, compared to HKD 36,475,000 for the same period in 2022[17] - The cash and cash equivalents at the end of the period were HKD 56,494,000, significantly up from HKD 24,931,000 at the end of June 2022[17] - The company's inventory increased to HKD 37,597,000 as of June 30, 2023, from HKD 26,478,000 at the end of 2022, indicating a rise of approximately 41.9%[12] - Trade receivables surged to HKD 39,562,000 from HKD 16,477,000, marking an increase of about 140.5% year-over-year[12] - Trade payables increased to HKD 9,690,000 as of June 30, 2023, from HKD 1,633,000 as of December 31, 2022, reflecting an increase of 493.5%[42] Sales and Revenue Breakdown - Revenue from functional knitted fabric sales decreased by 23.5% to HKD 30,210,000 for the three months ended June 30, 2023, compared to HKD 39,556,000 in the same period of 2022[24] - Sales of functional knitted fabrics amounted to HKD 33,887,000, a decrease of HKD 8,407,000 or 19.9% compared to HKD 42,294,000 in 2022[57] - Clothing sales decreased by HKD 1,207,000 or 38.1% to HKD 1,962,000 from HKD 3,169,000 in 2022[57] - Major customers contributing over 10% of total revenue included Customer A with HKD 10,278,000 and Customer B with HKD 10,423,000 for the three months ended June 30, 2023[26] Future Outlook and Strategy - The group aims to secure sales orders from existing customers while actively seeking new customers to expand its customer base[7] - The company aims to enhance its market position in China by improving product variety and increasing marketing efforts[54] - The company continues to focus on research and development to upgrade the quality standards of new functional knitted fabrics[54] - The company expects higher revenue and operating profit in the second half of the year due to seasonal demand for functional knitted fabrics[51] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with GEM listing rules[90] - The audit committee reviewed the unaudited interim consolidated financial information for the six months ended June 30, 2023, which was approved by the board on August 14, 2023[92] - The company has confirmed compliance with the securities trading code for all directors as of June 30, 2023[93] - The company maintains high standards of corporate governance and has adhered to all applicable code provisions during the reporting period[95]

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。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2023 年中期業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2023 6 30 2023 欣然宣佈本集團截至 年 月 日止六個月的未經審核業績。本公告載列本公司 年中期 GEM GEM 報告全文，並符合香港聯合交易所有限公司（「聯交所」） 證券上市規則（「 上市規則」） 中有關中期業績初步公告附載資料的相關規定。 代表董事會 智紡國際控股有限公司 主席兼執行董事 黃繼雄 2023 8 14 香港， 年 月 日 於本公告日期，董事會包括兩名執行董事，即黃繼雄先生及奚斌先生；一名非執行董事，即洪 BBS 育苗先生；及三名獨立非執行董事，即施榮懷先生 太平紳士、方建達先生及伍永亨 ...

Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of approximately HKD 11,410,000, representing a significant increase of about 81.8% compared to HKD 6,275,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 1,539,000, which is an increase of about 136.8% from HKD 650,000 in the previous year[7] - The gross profit margin increased by approximately 3.1 percentage points to about 13.5% from 10.4% in the prior year[7] - The group reported a net loss of HKD 4,052,000 for the three months ended March 31, 2023, compared to a net loss of HKD 4,475,000 for the same period in 2022[8] - Other income for the three months ended March 31, 2023, was HKD 515,000, compared to HKD 572,000 in the previous year[10] - The group recorded a foreign exchange gain of HKD 2,687,000 from overseas operations for the three months ended March 31, 2023[10] - The company incurred a loss of HKD 4,052,000 during the period, compared to a loss of HKD 4,475,000 in the prior year[18] - The company reported a loss attributable to owners of the company of HKD 4,052,000 for the three months ended March 31, 2023, compared to a loss of HKD 4,475,000 for the same period in 2022[32] - The company reported a loss attributable to owners of approximately HKD 4,052,000 for the three months ended March 31, 2023, compared to a loss of approximately HKD 4,475,000 for the same period in 2022[51] Revenue Breakdown - For the three months ended March 31, 2023, the company reported total revenue of HKD 11,410,000, a 82% increase from HKD 6,275,000 in the same period of 2022[23] - Functional knitted fabric sales contributed HKD 3,677,000, up 34% from HKD 2,738,000 year-over-year[23] - Yarn sales surged to HKD 6,327,000, a significant increase from HKD 1,026,000 in the previous year, reflecting a 517% growth[23] - Sales of yarn significantly contributed to the revenue increase, rising by approximately HKD 5,301,000, although the gross margin for yarn sales was less than 3%[41] - Functional knitted fabric sales increased by HKD 939,000 or 34.3%, while clothing sales decreased by HKD 1,105,000 or 44.0% compared to the same period in 2022[45] Expenses and Costs - Sales and distribution expenses significantly increased due to salary increases and discretionary bonus payments[7] - Travel and entertainment expenses also rose significantly as the group increased in-person meetings with clients to maintain business relationships and explore potential collaborations[8] - Employee costs, excluding directors' remuneration, increased from HKD 3,226,000 in 2022 to HKD 3,329,000 in 2023[31] - The total employee costs for the three months ended March 31, 2023, were approximately HKD 4,206,000, compared to HKD 4,094,000 for the same period in 2022[58] - Sales and distribution expenses rose by approximately HKD 524,000 or 60.4% from about HKD 867,000 for the three months ended March 31, 2022, to approximately HKD 1,391,000 for the three months ended March 31, 2023, primarily due to increased sales personnel and related costs[48] - Administrative and other expenses decreased by approximately HKD 76,000 or 1.7% from about HKD 4,394,000 for the three months ended March 31, 2022, to approximately HKD 4,318,000 for the three months ended March 31, 2023[49] Dividends and Equity - The board does not recommend the payment of dividends for the three months ended March 31, 2023[8] - The company did not declare or propose any dividends for the three months ended March 31, 2023[34] - As of March 31, 2023, total equity attributable to owners decreased to HKD 126,385,000 from HKD 127,750,000 at the beginning of the year[18] - No dividends were recommended for the three months ended March 31, 2023, consistent with the same period in 2022[53] Taxation - The company did not recognize any taxable profits for the three months ended March 31, 2023, and therefore did not provide for Hong Kong profits tax[29] - The effective tax rate for the three months ended March 31, 2023, was 0%, as the company did not record any taxable profits[50] - The company has been recognized as a small micro-profit enterprise in China, qualifying for a 5% corporate income tax rate on taxable income below RMB 1,000,000[29] Corporate Governance - Cosmic Bliss holds 360,000,000 shares, representing a 75.00% equity interest in the company[65] - No directors or major shareholders have interests in any competing businesses as of March 31, 2023[66] - The Audit Committee has been established in compliance with GEM Listing Rules, consisting of three independent non-executive directors[67] - The company has adopted a set of guidelines for directors' securities transactions, confirming compliance by all directors for the period ending March 31, 2023[70] - The company has adhered to all applicable provisions of the Corporate Governance Code during the review period[72] Future Plans - The company aims to continue securing sales orders with existing customers while actively seeking new customers to expand its customer base[8] - The company plans to strengthen its R&D position and upgrade the quality standards of new functional fabrics while expanding its marketing efforts[42] Other Information - The company had no significant investment plans or capital asset plans as of the report date[54] - There were no significant acquisitions or disposals of subsidiaries or associates during the three months ended March 31, 2023[55] - No repurchase of listed securities occurred during the three months ended March 31, 2023[71]

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。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2023 年第一季度業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2023 3 31 2023 欣然公佈本集團截至 年 月 日止三個月的未經審核季度業績。本公告載列本公司 年 GEM 第一季度報告全文，並遵守香港聯合交易所有限公司 證券上市規則中有關季度業績初步 公告隨附資料的相關規定。 代表董事會 智紡國際控股有限公司 主席 黃繼雄 2023 5 12 香港， 年 月 日 於本公告日期，董事會包括兩名執行董事，即黃繼雄先生及奚斌先生；一名非執行董事，即洪 BBS 育苗先生；及三名獨立非執行董事，即伍永亨先生、施榮懷先生， 太平紳士及方建達先生。 ...

Financial Performance - For the fiscal year 2022, the company's revenue decreased by 17.7% to HKD 101.1 million from HKD 122.8 million in 2021[11]. - The gross profit margin fell from 28.3% in 2021 to 17.5% in 2022 due to reduced demand for the company's products[11]. - The company recorded a net loss of HKD 11.0 million for 2022, an improvement from a net loss of HKD 32.5 million in 2021[11]. - The company's revenue decreased by HKD 21.686 million or 17.7% from HKD 122.786 million in 2021 to HKD 101.100 million in 2022, primarily due to reduced demand for functional knitted fabrics[20]. - Gross profit fell by HKD 17.039 million or 49.1% from HKD 34.692 million in 2021 to HKD 17.653 million in 2022, with gross margin declining approximately 10.8 percentage points to about 17.5%[22]. - Other income decreased by HKD 929,000 or 24.5% from HKD 3.793 million in 2021 to HKD 2.864 million in 2022, mainly due to reduced government subsidies[23]. - A loss of approximately HKD 6.296 million was recognized for impairment of leased machinery due to uncertainty in future rental income[27]. - Administrative and other expenses increased by HKD 832,000 or 4.6% to HKD 19.073 million in 2022, primarily due to salary increases and enhanced employee welfare initiatives[26]. - Financing costs decreased by HKD 350,000 or 20% to HKD 1,412,000 in the fiscal year 2022, due to a reduction in bank borrowings[29]. - Income tax expense increased by HKD 256,000 or 64.3% to HKD 654,000 in the fiscal year 2022, primarily due to the recognition of deferred tax assets[30]. - Loss attributable to owners for the fiscal year 2022 was HKD 11,025,000, a decrease from HKD 32,503,000 in the fiscal year 2021[31]. Assets and Cash Flow - Total assets for 2022 were HKD 178.7 million, down from HKD 209.3 million in 2021[10]. - Current assets decreased to HKD 157.2 million in 2022 from HKD 176.3 million in 2021[10]. - The company's cash and cash equivalents at the end of 2022 were HKD 84.8 million, down from HKD 89.7 million at the end of 2021[10]. - Operating cash flow for 2022 was HKD 9.8 million, a decrease from HKD 30.8 million in 2021[10]. - The company’s non-current assets decreased to HKD 21.5 million in 2022 from HKD 33.0 million in 2021[10]. - Net cash generated from operating activities for fiscal year 2022 was approximately HKD 9,815,000, down from HKD 30,775,000 in fiscal year 2021[32]. - Cash and cash equivalents as of December 31, 2022, were HKD 87,057,000, compared to HKD 89,740,000 as of December 31, 2021[33]. Market and Strategic Outlook - The company plans to continue monitoring market conditions and adjust its strategies accordingly to improve performance in the upcoming fiscal year[11]. - Management expects demand for the company's products to rebound significantly in the second half of 2023 following the adjustment of COVID-19 policies by the Chinese government[16]. - The company aims to strengthen its market position in China by diversifying product offerings and enhancing marketing efforts[17]. - The company plans to continue investing in R&D for functional knitted fabrics and dyeing methods to enhance competitiveness[17]. - The company aims to strengthen its position in R&D of functional fabrics while expanding into different markets and increasing promotional efforts to attract new customers[142]. Governance and Compliance - The management team is committed to maintaining high standards of business ethics and corporate governance across all operations[71]. - The company emphasizes the importance of corporate culture in achieving its vision and strategy[69]. - The company has implemented anti-corruption policies and reporting mechanisms to enhance internal fairness[71]. - The company is focused on long-term, stable, and sustainable growth while considering environmental, social, and governance factors[72]. - The board consists of 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a balance of skills and experience[76]. - The board has delegated daily management and operations to executive directors, with regular reviews of assigned functions[74]. - The company has arranged appropriate liability insurance for all directors and senior officers, which is reviewed regularly by the board[74]. - The company is committed to ensuring transparency and accountability in its operations[74]. - The board confirmed their responsibility for the preparation of the financial statements for the year ended December 31, 2022[111]. - The company has adopted internal control policies regarding insider information disclosure and has not been aware of any violations of the securities trading code or insider information policies during the reporting period[113]. - The board believes that the risk management functions and internal control systems are effective and adequate as of the fiscal year 2022[117]. - The board and audit committee are responsible for evaluating and ensuring the implementation of effective risk management and internal control systems[120]. Risk Management - The company has established procedures for identifying, assessing, and managing significant risks, including regular reporting to the board[125]. - The risk management system categorizes risks into low, medium, and high risk, and strategies for handling these risks are determined accordingly[128]. - The audit committee regularly reviews the group's performance, risk management, and internal control systems to ensure effective measures are in place to safeguard significant assets[127]. - The company has engaged external consultants for internal reviews in certain areas to maintain adequate risk management and internal control[115]. - The board has not identified any significant issues during the annual review of the risk management and internal control systems for the year ended December 31, 2022[127]. Shareholder Communication - The company will hold its 2023 Annual General Meeting on May 25, 2023, to enhance communication with shareholders[129]. - The company emphasizes the importance of transparent and timely disclosure of information to facilitate informed investment decisions by shareholders[129]. - The company encourages shareholders to attend the Annual General Meeting and will ensure that directors are available to respond to shareholder inquiries[129]. - The company has established a communication platform on its website to provide shareholders with access to financial information and governance practices[129]. - The board has confirmed the effectiveness of its communication policy and will continue to review it annually[137]. Employee Relations - The company emphasizes the importance of maintaining good relationships with employees, suppliers, customers, and other stakeholders to achieve immediate and long-term goals[154]. - The company provides competitive compensation packages to employees, including basic salaries, housing, and performance bonuses, to retain skilled and qualified personnel[156]. - The group has a performance review system that is conducted at least annually to assess employee performance and improvement areas[172]. - There were no significant disputes with employees, suppliers, customers, or other stakeholders during the year ended December 31, 2022[154]. - The group contributes to a defined contribution plan for its Chinese employees, including retirement, medical, unemployment, maternity, and work injury insurance[173]. Board Structure and Diversity - The board has a diversity policy to ensure a balanced skill set and diverse perspectives among its members[97]. - The board currently has no female directors and aims to achieve gender diversity by December 31, 2024[100]. - The nomination committee is responsible for developing and executing policies regarding the nomination of board candidates, considering factors such as age, skills, and diversity[97]. - The nomination committee held two meetings in the year ending December 31, 2022, to review and recommend changes to the board's diversity policy and structure[101]. - The board's diversity policy was revised to include specific goals and timelines for achieving gender diversity within the board and workforce[101]. Related Party Transactions - The consulting service agreement with Proudy Limited, owned by a non-executive director, was renewed for an additional two years, with consulting fees of HKD 120,000 for the fiscal year 2022[180]. - The group had no disclosed share option or share incentive plans for the fiscal years ending December 31, 2021, and December 31, 2022[175]. - The group made no purchases from the related party, Zhongshan Dayong Yarn Factory, in the fiscal year 2022, compared to HKD 12,000 in the fiscal year 2021[177]. - There were no significant transactions or contracts involving directors or related entities that were active at the end of the fiscal year 2022[182]. Compliance with Regulations - The company complied with all relevant environmental laws and regulations during the fiscal year ending December 31, 2022[198]. - The board regularly reviews and monitors compliance with applicable laws and regulations[199]. - No directors or major shareholders had interests in any competing businesses during the fiscal year ending December 31, 2022[192].

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。 ST INTERNATIONAL HOLDINGS COMPANY LIMITED 智紡國際控股有限公司 （於開曼群島註冊成立之有限公司） : 8521 （股份代號 ） 2022 年全年業績公告 智紡國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董事會」） 2022 12 31 2022 欣然公佈本集團截至 年 月 日止年度之經審核業績。本公告載列本公司 年年報全 GEM 文，並遵守香港聯合交易所有限公司 證券上市規則中有關全年業績初步公告隨附資料的 相關規定。 代表董事會 智紡國際控股有限公司 主席 黃繼雄 2023 3 29 香港， 年 月 日 於本公告日期，董事會包括兩名執行董事，即黃繼雄先生及奚斌先生；一名非執行董事，即洪 BBS 育苗先生；及三名獨立非執行董事，即伍永亨先生、施榮懷先生， 太平紳士及方建達先生。 ...

Financial Performance - For the nine months ended September 30, 2022, the group recorded revenue of approximately HKD 74,817,000, a decrease of about 26.6% compared to HKD 101,924,000 for the same period in 2021[7] - Gross profit for the same period was approximately HKD 18,186,000, down 44.6% from HKD 32,835,000 in 2021, with a gross margin decline to 24.3% from 32.2%[7] - The group achieved a net profit of HKD 2,454,000 for the nine months ended September 30, 2022, compared to a net loss of HKD 27,028,000 for the same period in 2021[8] - The group reported a loss before tax of HKD 235,000 for the three months ended September 30, 2022, compared to a loss of HKD 34,721,000 for the same period in 2021[10] - Other income for the nine months ended September 30, 2022, was HKD 1,630,000, down from HKD 2,527,000 in 2021[10] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 24,300,000, compared to a loss of HKD 27,028,000 for the same period in 2021, indicating an improvement[14] - The effective tax rate for the nine months ended September 30, 2022, was 9.3%, a decrease of 2.2 percentage points compared to the previous year[62] Revenue Breakdown - Revenue from functional knitted fabric sales for the nine months ended September 30, 2022, was HKD 68,342,000, down from HKD 98,056,000 in the same period of 2021, representing a decrease of approximately 30.4%[25] - Revenue from clothing sales for the nine months ended September 30, 2022, was HKD 3,495,000, compared to HKD 3,868,000 in the same period of 2021, reflecting a decrease of about 9.6%[25] - The group's revenue for the nine months ended September 30, 2022, decreased by approximately HKD 27,107,000 or 26.6% to about HKD 74,817,000 compared to HKD 101,924,000 for the same period in 2021[52] Costs and Expenses - The group experienced a foreign exchange loss of HKD 10,818,000 for the nine months ended September 30, 2022, compared to a gain of HKD 2,728,000 in 2021[10] - The company's retained earnings as of September 30, 2022, were HKD 85,476,000, down from HKD 88,497,000 as of September 30, 2021[14] - Sales and distribution expenses increased by approximately HKD 676,000 or 19.8% to about HKD 4,085,000 for the nine months ended September 30, 2022[57] - Employee costs, excluding directors' remuneration, were HKD 2,288,000 for the three months ended September 30, 2022, compared to HKD 4,605,000 in the same period of 2021[34] - The cost of inventory recognized as an expense was HKD 19,976,000 for the three months ended September 30, 2022, compared to HKD 16,965,000 in the same period of 2021[34] - Research and development expenses amounted to HKD 2,180,000 for the three months ended September 30, 2022, down from HKD 2,365,000 in the same period of 2021[34] Dividends and Shareholder Returns - The group did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[8] - No dividends were declared for the current period, consistent with the previous nine months ending September 30, 2021[65] Market and Strategic Outlook - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[19] - The company plans to enhance its market position in China by increasing product variety and strengthening marketing efforts[52] - The company continues to monitor the COVID-19 situation closely and is prepared to respond to market recovery trends[52] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2023[87] - A strategic acquisition of a local competitor is anticipated to enhance production capabilities and is expected to close by Q2 2023[87] Compliance and Governance - The company has complied with all applicable corporate governance code provisions during the period[85] - The audit committee reviewed the unaudited condensed consolidated financial information for the period and found it compliant with applicable accounting standards and regulations[81] Employee and Management Information - As of September 30, 2022, the group had 66 employees, down from 74 employees as of September 30, 2021, with total employee costs of approximately HKD 12,565,000 and HKD 13,669,000 for the respective nine-month periods[70] - Short-term employee benefits for key management personnel totaled HKD 2,608,000 for the nine months ended September 30, 2022, slightly down from HKD 2,613,000 in the previous year[48] Future Developments - The company plans to invest HKD 150 million in R&D for innovative technologies in the next fiscal year[87] - New product development includes the introduction of a smart textile line, expected to contribute HKD 300 million in revenue by Q1 2023[87] - A new marketing strategy is set to launch in Q1 2023, focusing on digital channels to increase brand awareness[87]