Financial Performance - For the six months ended June 30, 2023, the group's revenue was HKD 70,069,000, a decrease of 30% compared to HKD 100,105,000 for the same period in 2022[4] - The gross profit for the six months ended June 30, 2023, was HKD 8,029,000, compared to HKD 2,230,000 in the same period of 2022, indicating a significant improvement[4] - The operating profit for the six months ended June 30, 2023, was a loss of HKD 200,000, an improvement from a loss of HKD 1,806,000 in the same period of 2022[4] - The net loss for the six months ended June 30, 2023, was HKD 1,311,000, compared to a loss of HKD 1,865,000 for the same period in 2022, showing a reduced loss[4] - The company reported a total comprehensive loss of HKD 1,367,000 for the six months ended June 30, 2023, compared to a loss of HKD 1,866,000 for the same period in 2022[7] - For the six months ended June 30, 2023, the loss attributable to owners was HKD 1,311,000, an improvement from a loss of HKD 1,865,000 in the prior year[23] - The company reported a profit attributable to owners of HKD 414,000 for the three months ended June 30, 2023, compared to a loss of HKD 434,000 in the same period of 2022, marking a significant turnaround[23] - The basic earnings per share for the three months ended June 30, 2023, was HKD 0.26, compared to a loss of HKD 0.27 in the same period of 2022[23] Revenue Breakdown - Revenue from Hong Kong for the six months ended June 30, 2023, was HKD 56,985,000, down 29.6% from HKD 81,147,000 in 2022[16] - Revenue from Macau for the six months ended June 30, 2023, was HKD 13,084,000, a decrease of 30.8% compared to HKD 18,958,000 in 2022[16] - Major customer A contributed HKD 54,445,000 for the six months ended June 30, 2023, an increase of 17.5% from HKD 46,354,000 in 2022[17] Cost Management - Material costs for the six months ended June 30, 2023, were HKD 24,649,000, down 31.1% from HKD 35,822,000 in 2022[18] - Subcontractor costs for the six months ended June 30, 2023, were HKD 29,664,000, a decrease of 44% compared to HKD 52,962,000 in 2022[18] - The employee costs for the group during the period amounted to approximately HKD 10.3 million, compared to HKD 12.6 million for the six months ended June 30, 2022[56] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 174,258,000, down from HKD 186,244,000 as of December 31, 2022[5] - The total liabilities decreased to HKD 73,999,000 as of June 30, 2023, from HKD 84,618,000 as of December 31, 2022[5] - Cash and cash equivalents decreased to HKD 8,177,000 as of June 30, 2023, from HKD 12,047,000 as of December 31, 2022[5] - Trade receivables decreased to HKD 24,525,000 as of June 30, 2023, from HKD 35,059,000 as of December 31, 2022, reflecting a reduction of approximately 30%[24] - Total trade payables were HKD 23,952,000 as of June 30, 2023, compared to HKD 26,048,000 as of December 31, 2022, showing a decline of approximately 8%[29] - The company’s bank borrowings stood at HKD 28,273,000 as of June 30, 2023, slightly down from HKD 28,798,000 at the end of 2022[32] - The company’s interest-bearing borrowings decreased from approximately HKD 38.4 million as of December 31, 2022, to approximately HKD 38.2 million as of June 30, 2023[46] Corporate Governance - The board did not recommend any dividend for the relevant period, consistent with the previous year[21] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[65] - The board emphasizes the importance of good corporate governance for long-term success and stakeholder value creation[66] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results, confirming compliance with applicable accounting standards[71] - The company has maintained compliance with corporate governance codes throughout the relevant period[68] - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of effective management[67] Risks and Challenges - Major risks identified include potential impacts from pandemics, reliance on successful bidding, and credit risks from major clients[72][73] - The company faced challenges due to skilled labor shortages and rising material and labor costs, impacting its performance[38] Future Outlook - The company plans to explore collaborations with new clients and seek new revenue sources while optimizing resource utilization and efficiency[39] - The company has not applied new accounting standards that have been issued but are not yet effective[13] - There were no significant investments or capital asset plans disclosed as of June 30, 2023[50] - The group had no capital commitments that had been contracted but not provided for as of June 30, 2023[49] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the relevant period[51] - There were no significant events occurring after June 30, 2023, up to the date of this report[58]

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佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全 部或任何部分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。 Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8526） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 佈 榮豐集團亞洲有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董 事」）會（「董事會」）謹此公佈本集團截至二零二三年六月三十日止六個月之未經 審核中期業績。本公佈列載本公司二零二三年中期報告（「二零二三年中期報 告」）全文，並符合聯交所GEM證券上市規則（「GEM上市規則」）中有關中期業績 初步公告附載的資料的相關規定。列載GEM上市規則規定資料的二零二三年 中期報告印刷本將於適當時候寄發予本公司股東。 承董事會命 榮豐集團亞洲有限公司 主席、行政總裁兼執行董事 鍾志強 ...

Financial Performance - The group's revenue for the first quarter of 2023 was HKD 34,111,000, a decrease of 30.8% compared to HKD 49,390,000 in the same period of 2022[3] - The cost of sales for the first quarter of 2023 was HKD 31,803,000, down from HKD 46,620,000 in the previous year, resulting in a gross profit of HKD 2,308,000[3] - The operating loss for the first quarter of 2023 was HKD 1,511,000, compared to an operating loss of HKD 997,000 in the same period of 2022[3] - The loss before tax for the first quarter of 2023 was HKD 2,007,000, an increase from HKD 1,468,000 in the first quarter of 2022[3] - The net loss for the first quarter of 2023 was HKD 1,725,000, compared to a net loss of HKD 1,431,000 in the same period of 2022[3] - The basic and diluted loss per share for the first quarter of 2023 was HKD 1.06, compared to HKD 0.88 in the first quarter of 2022[3] - The total comprehensive loss for the first quarter of 2023 was HKD 1,782,000, compared to a total comprehensive loss of HKD 1,430,000 in the same period of 2022[3] - The company's revenue decreased from approximately HKD 49.4 million in the three months ended March 31, 2022, to about HKD 34.1 million in the same period of 2023, representing a decline of approximately 31.0%[20] - The gross profit fell from about HKD 2.8 million in the three months ended March 31, 2022, to approximately HKD 2.3 million in the same period of 2023, a decrease of about 17.9%[22] - The overall gross profit margin increased from approximately 5.6% to about 6.8% due to a higher contribution from Macau projects, which typically have a higher gross margin[22] - The company recorded a loss attributable to owners of approximately HKD 1.7 million for the three months ended March 31, 2023, compared to a loss of about HKD 1.4 million in the same period of 2022[17] - Administrative expenses remained relatively stable at approximately HKD 3.9 million for the three months ended March 31, 2023, compared to about HKD 3.8 million in the same period of 2022[23] - The income tax credit increased from approximately HKD 37,000 in the three months ended March 31, 2022, to about HKD 282,000 in the same period of 2023, primarily due to an increase in pre-tax losses[24] Corporate Governance - The company did not recommend any dividend payment for the relevant period, consistent with the previous year[15] - The company has adopted a code of conduct for securities trading that meets or exceeds the standards set by GEM Listing Rules[34] - The board believes that Mr. Zhong's dual role as Chairman and CEO is in the best interest of the company for effective management and business development[36] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited condensed consolidated results and found them compliant with applicable accounting standards[40] - The company has established an audit committee in accordance with GEM Listing Rules to oversee financial reporting and risk management[39] - The company has adhered to corporate governance standards to enhance accountability and transparency during the relevant period[35] Operational Challenges - The company faced challenges such as high material costs, labor supply shortages, and rising labor costs, impacting its performance[18] - The company aims to enhance operational efficiency and financial performance despite the ongoing challenges and uncertainties[19] - The group's financial condition and operational performance may be adversely affected by risks such as pandemics like COVID-19, which could lead to project suspensions and increased costs[41] - The group's revenue heavily relies on major clients, exposing it to credit and liquidity risks that could impact cash flow and financial status[45] - Failure to secure bidding contracts could affect the sustainability of revenue sources and negatively impact operational and financial performance[41] - Inaccurate estimates of project duration and costs during bidding could adversely affect profitability and financial performance[41] - Cost overruns and delays or defects from suppliers and subcontractors could negatively impact operational and financial performance[41] - The departure of key management team members without timely and appropriate replacements could significantly harm business operations and profitability[45] Business Operations - The company continues to provide mechanical ventilation and air conditioning system services in Hong Kong and Macau[10] - The company plans to continue seeking collaborations with new clients and exploring new revenue streams while optimizing resource utilization and efficiency[19] - There were no significant impacts from the new and revised Hong Kong Financial Reporting Standards applied during the period[8] Shareholding Structure - As of March 31, 2023, Mr. Zhong Zhiqiang holds 83,062,500 shares, representing 51.19% of the company's equity[28] - Wing Fung Capital Limited, a related entity fully owned by Mr. Zhong, also holds 83,062,500 shares, equating to 51.19% ownership[31] - No other directors or senior management have reported any interests or short positions in the company's shares or related securities as of March 31, 2023[29] - The company has not entered into any arrangements that would allow directors to benefit from the purchase of shares or securities during the relevant period[32] - The company did not purchase, sell, or redeem any of its listed securities during the relevant period[33]

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佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全 部或任何部分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。 Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8526） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 第 一 季 度 業 績 公 佈 榮豐集團亞洲有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董 事」）會（「董事會」）謹此公佈本集團截至二零二三年三月三十一日止三個月之未 經審核季度業績。本公佈列載本公司二零二三年第一季度報告（「二零二三年第 一季度報告」）全文，並符合聯交所GEM證券上市規則（「GEM上市規則」）中有關 季度業績初步公告附載的資料的相關規定。列載GEM上市規則規定資料的二 零二三年第一季度報告印刷本將於適當時候寄發予本公司股東。 承董事會命 榮豐集團亞洲有限公司 主席、行政總裁兼執行董事 鍾志強 ...

Financial Performance - The total revenue of Wing Fung Group Asia Limited increased by approximately HK$9.2 million or 5.3%, from approximately HK$174.8 million in 2021 to approximately HK$184.0 million for the year ended December 31, 2022[19]. - The gross profit for the Relevant Period was approximately HK$0.5 million, a significant improvement from a gross loss of approximately HK$7.2 million in the previous year[19]. - The Group recorded a loss of approximately HK$11.2 million for the year ending 2022, a reduction from a loss of approximately HK$21.8 million in 2021, primarily due to improved profit margins from projects in Macau and one-off COVID-19 relief of approximately HK$5.6 million[31]. - Revenue increased by approximately HK$9.2 million, from approximately HK$174.8 million in 2021 to approximately HK$184.0 million in 2022, representing an increase of approximately 5.3%[37]. - The overall gross profit margin improved to approximately 0.3% for the Relevant Period, compared to a gross loss margin of approximately 4.1% in 2021, driven by increased revenue from higher-margin projects in Macau[43]. - Loss for the year decreased by approximately HK$10.6 million from approximately HK$21.8 million in 2021 to approximately HK$11.2 million for the Relevant Period[51]. Economic Environment - The company faced challenges in 2022, including surging interest rates, inflation, and rising raw material and energy costs, but remained resilient[18]. - The Group anticipates that economic uncertainties, inflation, and interest rate hikes will continue to impact business sentiment and the construction industry in 2023[36]. - The relaxation of anti-pandemic measures and the reopening of borders in early 2023 are expected to support a gradual resumption of economic activities in Hong Kong and Macau[18]. Operational Strategy - The company is exploring cooperation with new customers and optimizing resource utilization to maximize returns to shareholders[18]. - Competition within the industry sector remains fierce, impacting operational strategies[18]. - The Group aims to maintain vigilance in reviewing its business and tendering strategies to drive sustainable growth[36]. - The Group plans to enhance operational efficiency and financial performance while actively pursuing new opportunities to create additional revenue streams[36]. Financial Position - Total assets as of December 31, 2022, were approximately HK$186.2 million, down from approximately HK$188.1 million in 2021[52]. - Total interest-bearing borrowings increased from approximately HK$26.8 million as of December 31, 2021, to approximately HK$38.4 million as of December 31, 2022[53]. - Gearing ratio increased from approximately 24.5% as of December 31, 2021, to approximately 37.9% as of December 31, 2022, due to increased borrowings and decreased total equity[60]. - The current ratio decreased from 2.5 times as of December 31, 2021, to approximately 2.1 times as of December 31, 2022[53]. Employee and Administrative Expenses - Administrative expenses increased by approximately HK$1.1 million, or approximately 6.5%, from approximately HK$16.8 million in 2021 to approximately HK$17.9 million in 2022, mainly due to higher employee benefit expenses[41]. - The total staff costs, including Directors' emoluments, were approximately HK$27.2 million for the relevant period, compared to approximately HK$26.8 million in 2021[93]. - The group employed a total of 230 employees as of December 31, 2022, a decrease from 339 employees in 2021, primarily due to the completion of sizable projects[93]. Corporate Governance - The financial statements presented are audited and comply with the GEM Listing Rules[5]. - The company is committed to ensuring the accuracy and completeness of the information provided in its reports[5]. - The Group's corporate governance practices are based on the principles and code provisions set out in the Corporate Governance Code, ensuring proper regulation of business activities[101]. - The Board is responsible for the overall management of the Group's business and strategic direction, with regular updates from management on performance and prospects[113][114]. - The Group is committed to high standards of business ethics and corporate governance, with explicit standards set out in training materials for all new staff[106]. Risk Management - The Group has established a set of risk management policies and measures to identify major risks associated with its business and industry[192]. - The Audit Committee conducted a review of the effectiveness of the risk management and internal control system during the Relevant Period[194]. - The Group considers its risk management and internal control systems effective and adequate[196]. - The Group adopted an Anti-Corruption Policy in August 2022 to ensure integrity in business operations and reduce corruption risks[200]. - Periodic and systematic fraud risk assessments are conducted to mitigate identified fraud risks both internally and externally[200].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈 的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公佈全部或任何部分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。 Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8526） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 年 度 業 績 公 佈 榮豐集團亞洲有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董 事」）會（「董事會」）謹此公佈本集團截至二零二二年十二月三十一日止年度之年 度業績。本公佈列載本公司二零二二年年度報告（「年度報告」）全文，並符合聯 交所GEM證券上市規則（「GEM上市規則」）中有關年度業績初步公告附載的資 料的相關規定。列載GEM上市規則規定資料的年度報告印刷本將於適當時候 寄發予本公司股東。 承董事會命 榮豐集團亞洲有限公司 主席、行政總裁兼執行董事 ...

2022 第三季度 報 告 2022 Wing Fung Group Asia Limited (Incorporated in the Cayman Islands with limited liability) Stock Code 8526 Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 8526 (於開曼群島註冊成立的有限公司) 股份代號: 榮 豐 集 團 亞 洲 有 限 公 司 THIRD QUARTERLY REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。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之證券承受 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。 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報告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本報告全 ...

Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 8526 (於開曼群島註冊成立的有限公司) 股份代號: 2022 中 期 報 告 2022 Wing Fung Group Asia Limited (Incorporated in the Cayman Islands with limited liability) Stock Code 8526 榮 豐 集 團 亞 洲 有 限 公 司 INTERIM REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受 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。 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報告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而 ...

FIRST QUARTERLY Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 8526 (於開曼群島註冊成立的有限公司) 股份代號: 2022 第一季度 報 告 2022 Wing Fung Group Asia Limited (Incorporated in the Cayman Islands with limited liability) Stock Code 8526 榮 豐 集 團 亞 洲 有 限 公 司 REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。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之證券承受 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。 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報告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本報告全 ...

Wing Fung Group Asia Limited 榮 豐 集 團 亞 洲 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code 股份代號: 8526 (於開曼群島註冊成立的有限公司) ANNUAL REPORT 年 報 2021 Wing Fung Group Asia Limite d 榮 豐 集 團 亞 洲 有 限 公 司 ANNUAL REPORT 2021 年 報 Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a ...