股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08527 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 500,000,000 | | 0 | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 500,000,000 | | 0 | | 500,000,000 | 致：香港交易及結算所有限公司 公司名稱: 聚利寶控股有限公司 呈交日期: 2025年10月3日 I. 法定/ ...

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倚賴該等內容而引致的任何損失承擔任何責任。 JLOGO Holdings Limited 於本公告日期，本公司達成復牌指引的現況概述如下： 聚利寶控股有限公司 ( 於開曼群島註冊成立的有限公司） (股份代號：8527) （1）有關復牌進展的季度最新情況；及 （2）繼續暫停買賣 本公告乃由聚利寶控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據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 17.10(2)(a)條以及香港法例第 571 章證券及期貨條例第 XIVA 部項下的 内幕消息條文（定義見 GEM 上市規則）發出。 茲提述本公司日期分別為二零二五年三月十八日、二零二五年四月一日、二零 二五年六月二十七日及二零二五年七月四日的公告（「該等公告」）。除另有界定 者外，本公告所用詞彙與該等公告所界定者具有相同涵義。 復牌指引 根據本公司於二零二五年七月四日刊發的公告所披露，本公司已接獲聯交所發 出 ...

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倚賴該等內容而引致的任何損失承擔任何責任。 JLOGO Holdings Limited 聚利寶控股有限公司 ( 於開曼群島註冊成立的有限公司） (股份代號：8527) 有關委任獨立非執行董事之補充公告 茲提述聚利寶控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二 零二四年三月二十一日及二零二四年四月二十二日刊發之公告（「該等公告」）， 內容有關（其中包括） (i) 委任陳俊傑先生（「陳先生」）爲獨立非執行董事、 審核委員會主席，以及薪酬委員會及提名委員會成員；及 (ii) 委任許麒麟先生 （「許先生」）爲獨立非執行董事及審核委員會主席。除另有界定者外，本公告 所用之大寫詞彙應與該等公告所界定者具有相同涵義。 本公司謹此補充，陳先生及許先生已確認： 1 (i) 彼等符合 GEM 上市規則第 5.09(1)至 5.09(8)條所載之獨立性準則； (ii) 彼等過往及現時於本公司或其附屬公司業務中概無任何財務或其他權 益，亦與本公司任何核 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 聚利寶控股有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08527 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 聚利寶控股有限公司 第 2 頁 共 10 頁 v 1.1.1 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08527 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | ...

Financial Performance - The company reported revenue of SGD 7,392,000 for the six months ended June 30, 2024, a decrease of 16% compared to SGD 8,774,000 in the same period of 2023[7]. - Gross profit for the same period was SGD 5,246,000, down from SGD 6,070,000, reflecting a decline of approximately 14% year-over-year[7]. - The company incurred a loss attributable to owners of SGD 804,000, an improvement from a loss of SGD 1,156,000 in the previous year, indicating a reduction in losses by about 30%[7]. - The basic loss per share for the period was SGD (0.16), compared to SGD (0.23) in the prior year, showing a decrease in loss per share[7]. - Total comprehensive loss for the period was SGD 825,000, compared to SGD 1,166,000 in the same period last year, representing a reduction of approximately 29%[7]. - The net loss for the six months ended June 30, 2024, was SGD 804,000, compared to a net loss of SGD 4,293,000 for the same period in 2023, indicating an improvement of approximately 81.3%[10]. - Revenue for the restaurant business was SGD 5,141,000 for the six months ended June 30, 2024, down 21.1% from SGD 6,520,000 in the same period of 2023[16]. - Total revenue, including bakery sales, was SGD 7,392,000 for the six months ended June 30, 2024, compared to SGD 8,774,000 in the previous year, representing a decrease of 15.7%[17]. - The group reported a pre-tax loss of SGD 796,000 for the six months ended June 30, 2024, an improvement from a loss of SGD 1,145,000 in the same period of 2023[18]. Cost Management - The company experienced a decrease in employee benefits expenses to SGD 3,008,000 from SGD 3,139,000, a reduction of about 4%[7]. - Other income and gains for the period were SGD 61,000, down from SGD 166,000, reflecting a decline of approximately 63%[7]. - The company reported a decrease in finance costs to SGD 220,000 from SGD 303,000, a reduction of about 27%[7]. - Cost of goods sold for the same period decreased by approximately SGD 0.6 million or 20.6% to SGD 2.1 million, mainly attributed to the revenue decline[38]. - Other expenses decreased by approximately SGD 0.5 million or 34.9% to SGD 0.97 million, mainly due to the reversal of impairment losses from the early termination of a lease[42]. - Labor costs increased by at least 10% over the past year, exacerbated by a decrease in foreign worker quotas and the introduction of a minimum wage for local employees[36]. - The food inflation rate rose to 6.8% year-on-year, driven by increased costs in raw materials, utilities, and labor[35]. - The company does not plan further expansion this year and will implement cost-cutting measures to better manage cash flow[36]. Asset and Liability Management - As of June 30, 2024, total non-current assets decreased to SGD 5,355,000 from SGD 6,814,000, representing a decline of approximately 21.4%[8]. - Current assets increased to SGD 2,323,000 from SGD 2,013,000, marking an increase of about 15.4%[8]. - Total liabilities increased to SGD 11,978,000 from SGD 12,302,000, a decrease of approximately 2.6%[8]. - The total cash and cash equivalents decreased to SGD 358,000 from SGD 411,000, a decline of approximately 12.9%[8]. - The company had total interest-bearing bank loans of SGD 1,454,000 as of June 30, 2024, compared to SGD 1,832,000 as of December 31, 2023, reflecting a reduction of 20.6%[31]. - The total interest-bearing and other borrowings amounted to SGD 2.2 million as of June 30, 2024, down from SGD 2.5 million as of December 31, 2023[45]. - The total deficit was SGD 4.3 million as of June 30, 2024, compared to SGD 3.5 million as of December 31, 2023[45]. Cash Flow - Cash flow from operating activities for the six months ended June 30, 2024, was SGD 2,508,000, compared to SGD 765,000 in the previous year, reflecting a significant increase of about 227.0%[11]. - The net cash flow from operating activities for the six months ended June 30, 2024, was approximately SGD 2.5 million, while cash used in investing activities was SGD 0.01 million for property, plant, and equipment[43]. - The company’s financing activities resulted in a cash outflow of SGD 2,550,000 for the six months ended June 30, 2024, compared to SGD 2,217,000 in the previous year, representing an increase of about 15.0%[11]. Shareholder and Governance Matters - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[21]. - Major shareholder Net Heart Rehabilitation Hospital holds 90,500,000 shares, representing 18.1% of the company's total shares as of June 30, 2024[51]. - The company has faced governance challenges, including a lack of independent non-executive directors, failing to meet the GEM Listing Rules requirements as of June 30, 2024[56][57]. - The audit committee was formed in accordance with GEM Listing Rules and consists of independent non-executive directors[60]. - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2024[60]. - The company expressed gratitude to shareholders, business partners, and customers for their continued support[64]. Future Strategies - The company is focused on improving operational efficiency and reducing costs in response to the challenging market conditions[6]. - Future strategies include exploring new market opportunities and potential product innovations to drive growth[6]. - The group has no specific plans for significant investments or acquisitions of capital assets as of the report date[63].

Financial Results - The company reported unaudited consolidated financial results for the six months ended June 30, 2024, with comparative figures from the same period in 2023[8]. - Revenue for the six months ended June 30, 2024, was SGD 7,392,000, a decrease of 16% compared to SGD 8,774,000 for the same period in 2023[9]. - Gross profit for the period was SGD 5,246,000, down from SGD 6,070,000, reflecting a decline of approximately 14%[9]. - The net loss attributable to equity holders for the period was SGD 804,000, an improvement from a loss of SGD 1,156,000 in the previous year[9]. - Total comprehensive loss for the period was SGD 825,000, compared to SGD 1,166,000 in the same period last year[9]. - Revenue for the restaurant business was SGD 5,141,000 for the six months ended June 30, 2024, down 21.1% from SGD 6,520,000 in the same period of 2023[18]. - Total revenue, including bakery sales, was SGD 7,392,000 for the six months ended June 30, 2024, compared to SGD 8,774,000 in the previous year, representing a decrease of 15.7%[19]. - The group reported a pre-tax loss of SGD 796,000 for the six months ended June 30, 2024, an improvement from a loss of SGD 1,145,000 in the same period of 2023[20]. - Basic loss per share for the six months ended June 30, 2024, was SGD (0.16) cents, compared to SGD (0.23) cents for the same period in 2023[24]. Financial Position - Non-current assets decreased to SGD 5,355,000 as of June 30, 2024, from SGD 6,814,000 as of December 31, 2023, representing a decline of approximately 21%[10]. - Current assets increased to SGD 2,323,000 from SGD 2,013,000, marking a growth of about 15%[10]. - Total liabilities increased to SGD 9,283,000 from SGD 8,089,000, indicating a rise of approximately 15%[10]. - Cash and cash equivalents decreased to SGD 358,000 from SGD 411,000, a decline of about 13%[10]. - Trade receivables net amount was SGD 123,000 as of June 30, 2024, down from SGD 155,000 as of December 31, 2023[26]. - Trade payables decreased to SGD 790,000 as of June 30, 2024, from SGD 1,097,000 as of December 31, 2023, a decline of about 28%[32]. - Total interest-bearing bank loans as of June 30, 2024, were SGD 1,454,000, compared to SGD 1,832,000 as of December 31, 2023, showing a reduction of approximately 20.6%[33]. - The total interest-bearing and other borrowings amounted to SGD 2.2 million as of June 30, 2024, down from SGD 2.5 million as of December 31, 2023, while total deficits increased to SGD 4.3 million from SGD 3.5 million[47]. Operational Performance - Net cash flow from operating activities was SGD 2,508,000, compared to SGD 765,000 in the previous year, showing a significant increase[13]. - The group received government grants totaling SGD 56,000 for the six months ended June 30, 2024, a decrease of 65.4% from SGD 162,000 in the same period of 2023[18]. - Employee costs for the six months ended June 30, 2024, were SGD 3,008,000, slightly down from SGD 3,139,000 in the previous year[20]. - The group’s total other income and gains were SGD 61,000 for the six months ended June 30, 2024, compared to SGD 166,000 in the same period of 2023, reflecting a decline of 63.4%[18]. - Labor costs increased by at least 10% over the past year, adding significant cost pressure to the food service industry[38]. - The food inflation rate rose to 6.8% year-on-year, driven by increased costs in raw materials, utilities, and labor[37]. - The company does not plan further expansion this year and will implement cost-cutting measures to better manage cash flow[38]. Corporate Governance - The announcement complies with the GEM Listing Rules of the Hong Kong Stock Exchange, ensuring the accuracy and completeness of the information provided[2]. - The board of directors confirmed that the information in the announcement is accurate and complete, with no misleading or fraudulent elements[2]. - The company is committed to maintaining compliance with corporate governance codes, as indicated by the establishment of various committees[5]. - The company acknowledges deviations from corporate governance codes, particularly regarding the separation of the roles of Chairman and CEO, which are held by the same individual[58]. - The board composition fell short of the GEM Listing Rules' requirement for independent non-executive directors, with only two independent directors after recent resignations[59]. - The audit committee, consisting of independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2024[62]. - The audit committee was formed in accordance with GEM Listing Rules and is responsible for overseeing the financial reporting process and internal control procedures[62]. Shareholder Information - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[23]. - The company issued 500,000,000 ordinary shares, maintaining the issued and paid-up capital at SGD 869,000 for both reporting periods[35]. - The company has not issued any new shares during the reporting period, maintaining its capital structure[35]. - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the six months ending June 30, 2024[55]. - No share options have been granted under the share option scheme since its adoption on April 4, 2018, until June 30, 2024[56]. - The group’s board member Liu Wan-Zhen held a beneficial interest of 19.5 million shares, representing approximately 43.9% of the company's shares as of June 30, 2024[51]. - Major shareholder Net Heart Rehabilitation (International) holds 90,500,000 shares, representing 18.1% of the company's total shares as of June 30, 2024[53]. - No related party transactions were conducted by the group during the six months ending June 30, 2024[54]. Strategic Outlook - The management discussion and analysis section will provide insights into the company's performance and future outlook[4]. - The company aims to enhance shareholder value through strategic initiatives, including potential investments and acquisitions[4]. - The group has no specific plans for significant investments or acquisitions of capital assets as of the report date[65]. - There were no significant investments, acquisitions, or disposals by the group for the six months ended June 30, 2024[64]. - The group faced foreign exchange risks from sales and purchases denominated in currencies other than its functional currency, with no current foreign exchange hedging policy in place[49]. - As of June 30, 2024, the group had no contingent liabilities and no further asset pledges beyond existing arrangements[50].

Revenue Performance - Revenue decreased by approximately SGD 0.41 million or 2.3% to SGD 17.05 million for the year ended December 31, 2023, compared to SGD 17.46 million for the previous year[10]. - Revenue from Singapore operations declined by 7.5% to SGD 12.34 million due to poor performance of restaurants, while revenue from Malaysia operations increased by 14.3% to SGD 4.72 million[10]. - Total revenue for the year ended December 31, 2023, was SGD 17,052,000, a decrease of 2.3% from SGD 17,461,000 in 2022[187]. - Gross profit decreased to SGD 11,717,000, down 6.0% from SGD 12,468,000 in the previous year[187]. Financial Losses - The group recorded a loss of approximately SGD 4.92 million for the year ended December 31, 2023, compared to a loss of SGD 1.69 million for the previous year, primarily due to asset impairment losses and rising food and labor costs[10]. - The company reported a pre-tax loss of SGD 4,909,000, compared to a loss of SGD 1,687,000 in 2022, indicating a significant increase in losses[187]. - Net loss attributable to equity holders for the year was SGD 4,923,000, compared to a loss of SGD 1,687,000 in the prior year, reflecting a worsening financial position[187]. - The company recorded a total comprehensive loss of SGD 4,956,000 for the year, compared to a loss of SGD 1,803,000 in 2022, reflecting ongoing financial difficulties[191]. Cash Flow and Liquidity - Cash and bank balances (excluding pledged fixed deposits) were approximately SGD 0.41 million as of December 31, 2023, down from SGD 2.24 million a year earlier[26]. - Operating cash flow for the year was SGD 2,150,000, an increase from SGD 1,563,000 in 2022, indicating improved cash generation from operations despite losses[193]. - The total cash and cash equivalents decreased to SGD 411,000 at the end of 2023 from SGD 2,236,000 at the end of 2022[195]. - The company has committed to providing ongoing financial support to ensure operational continuity and fulfill financial obligations[200]. Cost Management - Cost of goods sold increased by approximately SGD 0.34 million or 6.8% to approximately SGD 5.33 million, primarily due to rising material prices[19]. - The company plans to adopt a cautious strategy by negotiating early termination of underperforming store leases to avoid further losses[13]. - The group is implementing cost control measures to improve operational efficiency and enhance future cash flow[200]. Corporate Governance - The company emphasizes high standards of corporate governance, believing that good governance practices are crucial for sustainable growth and protecting shareholder interests[51]. - The company currently does not have a separate chairman and CEO, with Ms. Liu Wan-Zhen holding both positions, which the board believes ensures consistent internal leadership[51]. - The company has faced challenges in meeting the GEM listing rules regarding the number of independent non-executive directors following the resignations of Mr. Lu Qingxing and Mr. Chen Baihong[52][53]. - The company has adopted a code of conduct for directors' securities trading, aligning with GEM Listing Rules[57]. Board Composition and Diversity - The board consists of seven directors, including one female director, with age diversity represented in the 30-39 and 70-79 age groups[71]. - The company has adopted a board diversity policy to consider various factors when recommending dividend payments, including overall financial condition and future cash needs[112]. - The gender ratio among employees is approximately equal, reflecting the company's commitment to diversity[81]. Risk Management - The company has established policies and procedures to identify, assess, and manage significant risks, with the board responsible for maintaining an effective risk management and internal control system[88]. - The audit committee has emphasized that no internal control system can eliminate all errors and irregularities, providing only reasonable assurance against significant errors or losses[90]. - The board conducted an annual review of the effectiveness of the risk management and internal control systems, finding no significant deficiencies[90]. Shareholder Communication - The board emphasizes the importance of maintaining ongoing communication with shareholders through various channels, including announcements and reports[101]. - The annual general meeting provides a communication platform between shareholders and the board, with special meetings called as necessary[94]. Employee and Management Information - The group employed a total of 239 full-time employees in Singapore and Malaysia as of December 31, 2023, down from 246 employees the previous year[34]. - The company has established service agreements for its executive directors, initially for three years, with provisions for renewal[121]. Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[171]. - The audit committee reviewed the management and accounting principles adopted by the group and discussed internal controls and financial reporting matters[166]. - The independent auditor's fees for the year ending December 31, 2023, amounted to SGD 177,000 for audit services and SGD 10,000 for non-audit services, totaling SGD 187,000[85].

Revenue Performance - Revenue decreased by approximately SGD 0.41 million or 2.3% to SGD 17.05 million for the year ended December 31, 2023, compared to SGD 17.46 million for the year ended December 31, 2022[14]. - Revenue from Singapore operations decreased by 7.5% to SGD 12.34 million due to a decline in restaurant performance, while revenue from Malaysia operations increased by 14.3% to SGD 4.72 million[14]. - Total revenue for the year ended December 31, 2023, was SGD 17,052,000, a decrease of 2.3% from SGD 17,461,000 in 2022[191]. Financial Losses - The group recorded a loss of approximately SGD 4.92 million for the year ended December 31, 2023, compared to a loss of SGD 1.69 million for the year ended December 31, 2022, with the increase in loss primarily due to asset impairment losses from Singapore store performance decline[14]. - The company reported a pre-tax loss of SGD 4,909,000 for 2023, compared to a loss of SGD 1,687,000 in 2022, indicating a significant increase in losses[191]. - The net loss attributable to equity holders for the year was SGD 4,923,000, compared to a loss of SGD 1,687,000 in the prior year, reflecting a worsening financial position[191]. - For the year ended December 31, 2023, the company reported a total comprehensive loss of SGD 4.956 million, compared to a loss of SGD 1.803 million in the previous year, indicating an increase in losses of approximately 174%[195]. Operational Challenges - The ongoing geopolitical tensions and inflationary pressures are impacting the company's operations and market conditions[13]. - The company is facing high rental and wage costs, along with increased competition in the restaurant sector, which is affecting profitability[13]. - The group continues to experience losses primarily due to rising food and labor costs driven by inflation in both Singapore and Malaysia[14]. Strategic Management - The company acknowledges future challenges and is committed to managing resources and capital more prudently to ensure sustainable growth[13]. - The company plans to remain flexible and adaptive to changing market environments while cautiously exploring expansion opportunities[13]. - The company plans to adopt a cautious strategy by terminating underperforming store leases and reviewing upcoming lease renewals to control rising rental costs[17]. Cash Flow and Financial Position - As of December 31, 2023, cash and bank balances were approximately SGD 0.41 million, down from SGD 2.24 million on December 31, 2022[30]. - The net cash flow from operating activities for the year ended December 31, 2023, was approximately SGD 2.15 million, which would be SGD 1.03 million after excluding the impact of IFRS 16 depreciation of approximately SGD 3.18 million[30]. - The company reported a net cash outflow from investing activities of SGD 106,000, a significant decrease from a net inflow of SGD 622,000 in 2022[199]. - The company’s financing activities resulted in a net cash outflow of SGD 3.869 million, compared to SGD 3.017 million in the previous year, representing an increase in cash outflow of approximately 28%[199]. Corporate Governance - The company has a commitment to corporate governance, with independent directors providing oversight on strategy, policy, and performance[49]. - The company has adopted a code of conduct for directors' securities trading, aligning with GEM Listing Rules[61]. - The board consists of four executive directors and two independent non-executive directors, with the chairman also serving as the CEO[62]. - The company emphasizes the importance of good corporate governance practices for sustainable growth and shareholder value enhancement[60]. Management and Leadership - The company has over 11 years of experience in the restaurant industry, with Mr. Liu serving as General Manager since December 2016, overseeing advertising, marketing, and operations for Greyhound Café in Singapore[43]. - The company has a strong financial management team, with Mr. Liu as CFO since January 2017, who has over 20 years of experience in financial advisory and mergers and acquisitions[51]. - The company is focused on expanding its market presence and enhancing operational efficiency through strategic management and experienced leadership[48]. Employee and Operational Metrics - The total number of full-time employees as of December 31, 2023, was 239, a decrease from 246 employees in the previous year[38]. - The company incurred a total of SGD 6,861,000 in employee benefits expenses in 2023, an increase from SGD 6,433,000 in 2022, indicating rising operational costs[191]. Compliance and Regulatory Matters - The company has not achieved compliance with GEM Listing Rules regarding the requirement for at least three independent non-executive directors on the board following the resignation of Mr. Lu and Mr. Chan[56][57]. - The board has appointed Mr. Chan Jun-jie as an independent non-executive director and chairman of the audit committee, effective March 21, 2024, improving compliance with GEM Listing Rules[59]. - The company is actively seeking suitable candidates to fill the vacancies to ensure compliance with GEM Listing Rules within three months from the date of non-compliance[59]. Audit and Financial Reporting - The independent auditor has confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[175]. - The audit committee currently consists of two independent non-executive directors, Mr. Chen Junjie and Mr. Wen Zhizhong, with responsibilities including reviewing quarterly, interim, and annual performance[71]. - The board has conducted an annual review of the effectiveness of the risk management and internal control systems, finding no significant deficiencies[94].

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of SGD 4,146,000, a slight decrease of 0.5% compared to SGD 4,166,000 in the same period of 2022[11] - Gross profit for the same period was SGD 2,777,000, down 5.6% from SGD 2,942,000 year-on-year[11] - The company incurred a pre-tax loss of SGD 965,000 for the three months ended September 30, 2023, compared to a loss of SGD 812,000 in the prior year, representing an increase in loss of 18.9%[11] - The net loss attributable to equity holders for the three months was SGD 969,000, compared to SGD 810,000 in the same period of 2022, reflecting a year-on-year increase of 19.6%[11] - For the nine months ended September 30, 2023, total revenue was SGD 12,920,000, an increase of 2.4% from SGD 12,624,000 in the same period of 2022[11] - The company reported a net loss of SGD 2,125,000 for the nine months, compared to a loss of SGD 1,502,000 in the previous year, indicating a 41.5% increase in loss[11] - The company’s total comprehensive loss for the nine months was SGD 2,129,000, compared to SGD 1,397,000 in the same period of 2022, marking a 52.6% increase[12] - The company’s basic loss per share for the nine months was SGD 0.42, compared to SGD 0.30 in the previous year, reflecting a 40% increase in loss per share[11] Revenue Breakdown - Revenue from the bakery segment for the nine months ended September 30, 2023, increased to SGD 3,435,000, up 14.2% from SGD 3,007,000 in the same period last year[20] - The group’s total revenue from restaurant operations and bakery retail stores for the nine months ended September 30, 2023, was SGD 12,920,000, an increase from SGD 12,624,000 in the same period last year[20] - Total revenue for the nine months ended September 30, 2023, was SGD 9,477,000, a decrease of 1.3% compared to SGD 9,606,000 for the same period in 2022[20] - Revenue increased by approximately SGD 0.3 million or 2.3% to SGD 12.9 million for the nine months ended September 30, 2023, compared to SGD 12.6 million for the same period in 2022[33] Expenses and Costs - Employee benefit expenses rose to SGD 5,031,000 for the nine months, up 7.5% from SGD 4,681,000 in the same period of 2022[11] - Cost of goods sold increased by approximately SGD 0.54 million or 15.4% to SGD 4.07 million due to inflation in food costs, particularly in Malaysia[34] - Employee benefits expenses rose by approximately SGD 0.35 million or 7.5% to SGD 5.03 million, primarily due to annual salary increases and additional training costs for new staff[35] - Depreciation of property, plant, and equipment increased by approximately SGD 0.14 million or 27.6% to SGD 0.65 million, attributed to the opening and rebranding of two new outlets[37] - Other expenses decreased by approximately SGD 0.27 million or 11.0% to SGD 2.23 million, mainly due to the absence of asset write-offs related to two closed stores[38] Operational Challenges - The group recorded a loss of approximately SGD 2.12 million for the nine months ended September 30, 2023, compared to a loss of SGD 1.50 million for the same period in 2022, primarily due to declining performance in Singapore and rising inflation[39] - The company faces challenges from high inflation, with food inflation rising to 6.8% year-on-year, impacting operational costs significantly[30] - Labor costs have increased by at least 10% over the past year, exacerbated by a tight labor market and new minimum wage regulations[31] Strategic Changes - The termination of the "Greyhound Café" franchise in April 2023 led to the establishment of a new brand, "Crazy Rich Thai," which offers innovative Thai cuisine[28] - The company aims to implement cost-cutting measures to better manage cash flow amidst rising operational costs and labor shortages[31] Shareholder and Governance Information - As of September 30, 2023, major shareholders include Net Heart Rehabilitation Hospital (International) Limited, holding 90,500,000 shares, representing 18.1% of the company's equity[45] - The company did not engage in any related party transactions during the nine months ended September 30, 2023[48] - No significant investments, acquisitions, or disposals were made by the group during the nine months ended September 30, 2023[57] - The board does not recommend any interim dividend for the nine months ended September 30, 2023, consistent with the previous year[56] - The company has not established any plans for significant investments or acquisitions of capital assets as of the report date[58] - The company has not granted any share options since the adoption of the share option scheme on April 4, 2018, until September 30, 2023[50] - The audit committee reviewed the group's unaudited interim results for the nine months ended September 30, 2023[55] - The company has maintained compliance with corporate governance codes and principles during the reporting period[52] - There were no purchases, sales, or redemptions of the company's listed securities from the listing date until September 30, 2023[49] - The company has not established any arrangements for directors or senior management to acquire any securities of the company or its affiliates[44]