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） 二零二三年第三季度業績公告 聚利寶控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司（「本集團」）截至二零二三年九月三十日止九個月的未經審核簡明綜合財務業績。本 公告列載本公司二零二三年第三季度報告全文，乃符合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」）中有關季度業績初步公告附載的資料之相關 要求。 承董事會命 聚利寶控股有限公司 主席兼行政總裁 劉婉貞女士 香港，二零二三年十一月十三日 ...

Financial Performance - For the six months ended June 30, 2023, the company reported total revenue of SGD 8,774,000, an increase of 3.7% compared to SGD 8,458,000 for the same period in 2022[11]. - The gross profit for the same period was SGD 6,070,000, a slight decrease of 1.3% from SGD 6,152,000 in 2022[11]. - The company incurred a loss before tax of SGD 1,145,000, compared to a loss of SGD 682,000 in the previous year, reflecting a significant increase in losses[11]. - The net loss attributable to equity holders of the company for the six months was SGD 1,156,000, compared to SGD 692,000 in 2022, indicating a worsening financial performance[11]. - The company reported a total comprehensive loss of SGD 1,166,000 for the six months, compared to SGD 709,000 in 2022, highlighting ongoing challenges[11]. - The basic loss per share for the period was SGD 0.23, compared to SGD 0.14 in the same period last year, indicating a decline in shareholder value[11]. - The group reported a pre-tax loss of SGD 1,145,000 for the six months ended June 30, 2023, compared to a loss of SGD 682,000 in the same period of 2022[26]. - The group recorded a loss of approximately SGD 1.16 million for the six months ended June 30, 2023, compared to a loss of SGD 0.69 million for the same period in 2022, attributed to declining performance in Singapore and rising food costs[55]. Revenue Breakdown - Revenue for the restaurant business was SGD 6,520,000 for the six months ended June 30, 2023, a decrease of 0.5% compared to SGD 6,551,000 in the same period of 2022[22]. - Revenue from the artisanal bakery segment increased to SGD 2,250,000 for the six months ended June 30, 2023, up 18.4% from SGD 1,900,000 in the previous year[22]. - Total revenue for the group was SGD 8,774,000 for the six months ended June 30, 2023, compared to SGD 8,458,000 for the same period in 2022, reflecting a growth of 3.7%[24]. Expenses and Costs - Employee benefits expenses totaled SGD 3,139,000, showing a marginal decrease from SGD 3,152,000 in the prior year[11]. - Cost of goods sold increased by approximately SGD 0.40 million or 17.3% to SGD 2.70 million for the six months ended June 30, 2023, primarily due to food cost inflation driven by the depreciation of the Malaysian Ringgit[52]. - Other income decreased by approximately SGD 0.12 million or 40.9% to SGD 0.17 million for the six months ended June 30, 2023, due to the lack of Covid-19 related subsidies from the local government[53]. Assets and Liabilities - Total non-current assets decreased from SGD 11,571,000 in December 2022 to SGD 10,633,000 in June 2023, a decline of 8.1%[12]. - Current assets decreased from SGD 3,942,000 in December 2022 to SGD 3,002,000 in June 2023, a decline of 23.9%[12]. - Total liabilities increased from SGD 7,059,000 in December 2022 to SGD 7,684,000 in June 2023, an increase of 8.8%[12]. - The company's equity decreased from SGD 1,481,000 in December 2022 to SGD 315,000 in June 2023, a decline of 78.7%[12]. - Cash and cash equivalents decreased significantly from SGD 2,236,000 at the beginning of the period to SGD 630,000 at the end, a reduction of 71.8%[15]. - Trade and other receivables increased to SGD 2,453,000 as of June 30, 2023, from SGD 1,627,000 as of December 31, 2022[33]. - Total trade receivables as of June 30, 2023, amounted to SGD 118,000, an increase from SGD 113,000 as of December 31, 2022, reflecting a growth of approximately 4.42%[35]. - The net refundable deposits increased to SGD 1,537,000 as of June 30, 2023, compared to SGD 1,403,000 as of December 31, 2022, representing a growth of about 9.54%[35]. - Trade payables decreased to SGD 1,095,000 as of June 30, 2023, down from SGD 1,153,000 as of December 31, 2022, indicating a decline of approximately 5.03%[36]. - Other payables rose significantly to SGD 1,214,000 as of June 30, 2023, compared to SGD 778,000 as of December 31, 2022, marking an increase of around 55.95%[36]. - Total borrowings decreased to SGD 9,100,000 as of June 30, 2023, from SGD 10,320,000 as of December 31, 2022, reflecting a reduction of approximately 11.77%[38]. Operational Highlights - The company has not adopted any new or revised International Financial Reporting Standards that have been issued but are not yet effective[19]. - The group did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[30]. - The group faced a labor market vacancy rate of 7% as of the first quarter of 2023, exacerbated by a reduction in foreign worker quotas[48]. - Inflation rate in Singapore remained high at 4.7% as of May 2023, with food inflation rising to 6.8% year-on-year[48]. - The group does not plan to expand further this year and will implement cost-cutting measures to better manage cash flow[50]. - The company has issued 500,000,000 ordinary shares, maintaining the same issued and paid-up capital of SGD 869,000 as of June 30, 2023, unchanged from December 31, 2022[42]. Management and Governance - The company has adhered to the corporate governance code and principles applicable since the six months ending June 30, 2023[81]. - The audit committee was established in accordance with GEM Listing Rule 5.28, consisting of independent non-executive directors[84]. - No directors or major shareholders have interests in any competing businesses as of June 30, 2023[82]. - No related party transactions were entered into by the group for the six months ending June 30, 2023[76]. - The board expressed gratitude to shareholders, business partners, and customers for their continued support[88].

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） 二零二三年中期業績公告 聚利寶控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司（「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合業績（「二零 二三年中期報告」）。本公告列載二零二三年中期報告全文，乃符合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」）中有關中期業績初步公告附載的 資料之相關要求。 承董事會命 聚利寶控股有限公司 主席兼行政總裁 劉婉貞女士 香港，二零二三年八月十四日 ...

Financial Performance - For the first quarter of 2023, the company reported revenue of SGD 4,561,000, an increase of 16.2% compared to SGD 3,926,000 in the same period of 2022[11] - Gross profit for the first quarter was SGD 3,114,000, reflecting a 8.9% increase from SGD 2,859,000 year-over-year[11] - The company incurred a pre-tax loss of SGD 467,000, slightly improved from a loss of SGD 479,000 in the previous year[11] - The net loss attributable to the owners of the company for the quarter was SGD 475,000, compared to a loss of SGD 484,000 in Q1 2022[11] - The total comprehensive loss for the period was SGD 421,000, an improvement from SGD 483,000 in Q1 2022[11] - The company's basic loss per share for the quarter was SGD 0.09, compared to SGD 0.10 in the previous year[11] - Revenue for the three months ended March 31, 2023, was SGD 4,561,000, an increase of 16.2% compared to SGD 3,926,000 for the same period in 2022[20] - Restaurant business revenue was SGD 3,453,000, up from SGD 3,033,000 year-over-year, representing a growth of 13.9%[20] - The handmade bakery segment generated SGD 1,106,000 in sales, a 24.5% increase from SGD 889,000 in the previous year[20] - The company reported a net loss of SGD 475,000 for the three months ended March 31, 2023, compared to a loss of SGD 484,000 for the same period in 2022[24] - Basic loss per share for the three months ended March 31, 2023, was (0.09) Singapore cents, an improvement from (0.10) Singapore cents in the prior year[24] Liabilities and Financial Position - The company reported total liabilities of SGD 15,000,000 as of March 31, 2023, compared to SGD 14,500,000 at the end of the previous quarter[12] - Cost of goods sold increased by approximately SGD 0.38 million or 35.6% to SGD 1.45 million for the three months ended March 31, 2023, due to overall food ingredient price inflation[31] - The group recorded a loss of approximately SGD 0.47 million for the three months ended March 31, 2023, compared to a loss of SGD 0.48 million for the same period in 2022, primarily due to the depreciation of the Malaysian Ringgit affecting import costs[33] Strategic Plans and Market Presence - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[10] - The company opened its third café Q Classified in March 2023, with plans to establish five more locations across Singapore[28] - Revenue from Singapore operations rose by 13.8% to SGD 3.45 million, while revenue from Malaysia operations increased by 24.1% to SGD 1.11 million[30] - The strategic location of restaurants and retail stores is aligned with the company's site selection strategy to enhance brand visibility and customer access[27] Governance and Compliance - The board of directors confirmed that all information in the report is accurate and complete, with no misleading elements[4] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the GEM Listing Rules from January to March 2023[47] - The audit committee, consisting of independent non-executive directors, reviewed the unaudited first-quarter results for the period ending March 31, 2023[50] - The company emphasizes the importance of good corporate governance for sustainable growth and shareholder value[48] - The roles of Chairman and CEO are held by the same individual, which the board believes enhances internal leadership and decision-making efficiency[48] - No interests in competing businesses were reported by directors and controlling shareholders as of March 31, 2023[49] Shareholder Information - The company did not recommend any interim dividend for the three months ended March 31, 2023, consistent with the previous year[23] - Major shareholder Net Heart Rehabilitation Hospital holds approximately 18.1% of the company's shares, totaling 90.5 million shares[39] - The company expresses gratitude to shareholders, business partners, and customers for their continued support[53] Other Financial Information - Other comprehensive income included a foreign exchange gain of SGD 54,000, up from SGD 1,000 in the same quarter last year[11] - Government grants received amounted to SGD 115,000, primarily from Singapore's wage support scheme and other business subsidies[20] - The effective tax rates for subsidiaries in Singapore and Malaysia are 17% and 24%, respectively, for the estimated profits generated in those jurisdictions[21] - The company has not entered into any related party transactions during the three months ended March 31, 2023[41] - The group has not established any further mortgages on its assets during the reporting period[42] - Management is closely monitoring foreign exchange risks and may consider adopting significant foreign exchange hedging policies in the future[44] - There were no significant investments, acquisitions, or disposals made by the group during the three months ended March 31, 2023[52]

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） 二零二三年第一季度業績公告 聚利寶控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司截至二零二三年三月三十一日止三個月之未經審核簡明綜合財務業績（「二零二三年 第一季度報告」）。本公告列載二零二三年第一季度報告全文，乃符合香港聯合交易所有 限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關季度業績初步公告附載 的資料之相關要求。 承董事會命 聚利寶控股有限公司 主席兼行政總裁 劉婉貞 香港，二零二三年五月十二日 ...

Financial Performance - The group recorded a revenue increase of 32.0% to SGD 17.46 million for the year ended December 31, 2022, compared to the previous year[11]. - Revenue from Singapore operations increased by 29.6% to SGD 13.34 million, while revenue from Malaysia operations rose by 40.5% to SGD 4.13 million[11]. - The group reported a reduced loss of approximately SGD 1.69 million for the year ended December 31, 2022, down from a loss of SGD 2.82 million in the previous year[11]. - Revenue increased by approximately SGD 4.23 million or 32.0% to about SGD 17.46 million for the year ended December 31, 2022, compared to approximately SGD 13.23 million for the year ended December 31, 2021[18]. - The company reported a pre-tax loss of SGD 1,687,000 for 2022, an improvement from a loss of SGD 2,820,000 in 2021[188]. - The company reported a total comprehensive loss of SGD 1,803,000 for the year, compared to a total comprehensive loss of SGD 2,782,000 in the previous year, showing a 35.2% reduction in losses[192]. - The company reported a net loss of SGD 1,687,000 for the fiscal year ending December 31, 2022[199]. Operational Developments - The group plans to open five café locations under the brand Q Classified in Singapore, with the third location opened in March 2023[13]. - The group operates multiple restaurant brands in Singapore and one of the largest handmade baking chains in Malaysia[16]. - The group’s brands include "Central Hong Kong Café," "Black Society," and "Bread Story," focusing on various dining experiences and offerings[16]. - The group is closely monitoring the business outlook in China and will adjust its business strategies to reduce losses and improve performance[13]. Cost and Expenses - Cost of goods sold increased by approximately SGD 1.48 million or 42.4% to about SGD 4.99 million for the year ended December 31, 2022, aligning with the revenue growth[21]. - Employee benefits expenses increased by approximately SGD 0.57 million or 9.8% to about SGD 6.43 million, primarily due to salary growth and hiring more temporary staff[23]. Cash Flow and Financial Position - The net cash flow from operating activities was approximately SGD 1.56 million, with an adjusted net cash flow of about SGD 1.27 million after excluding the impact of depreciation and rent concessions[28]. - Cash and bank balances were approximately SGD 2.24 million as of December 31, 2022, down from SGD 3.07 million as of December 31, 2021[28]. - The company experienced a decrease in cash and cash equivalents, ending the year with SGD 2,236,000, down from SGD 3,068,000, representing a decline of 27.1%[196]. - Current liabilities exceeded current assets by SGD 3,117,000 as of December 31, 2022[199]. - The company has sufficient financial resources to continue operations for at least the next twelve months, supported by financing from several banks and a major shareholder's financial assistance[199]. Corporate Governance - The group emphasizes its commitment to serving stakeholders and maintaining shareholder trust as a core principle[13]. - The company has a commitment to high standards of corporate governance, which is deemed essential for sustainable growth and enhancing shareholder value[58]. - The board consists of seven members, including four executive directors and three independent non-executive directors, responsible for business and investment planning, annual budgeting, and profit distribution[40]. - The company has established a remuneration committee to assess the performance and determine the remuneration of directors and senior management[69]. - The board consists of executive directors including the Chairwoman and CEO, Liu Wan-Zhen, and other key executives[60]. Risk Management - The board has established policies and procedures to identify, assess, and manage significant risks, ensuring the effectiveness of the risk management and internal control systems[88]. - The company has engaged a professional risk advisory firm to conduct annual reviews of its risk management and internal audit processes[88]. Employee Relations - The group has established effective relationships with employees, customers, and suppliers, ensuring a healthy and safe working environment[153]. - The total number of full-time employees increased to 246 as of December 31, 2022, from 223 as of December 31, 2021[37]. - The company has a clear commitment to fair employment practices, providing equal opportunities regardless of gender, age, marital status, race, religion, or nationality[81]. Shareholder Communication - The company has adopted a shareholder communication policy to enhance transparency and investor confidence[102]. - The board of directors is committed to maintaining effective communication with shareholders through various channels[102]. - The company encourages shareholder participation in all general meetings[102]. 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, 2022[171]. - The audit committee reviewed the management and accounting principles adopted by the group, discussing internal controls and financial reporting matters[166]. - All directors have undergone training on corporate governance and relevant regulations to ensure compliance with GEM listing rules[80].

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） 二零二二年年度業績公告 聚利寶控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬 公司（「本集團」）截至二零二二年十二月三十一日止年度的經審核綜合末期業績。本公告 列載本公司二零二二年年度報告全文，乃符合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」）中有關年度業績初步公告附載的資料之相關要 求。 承董事會命 聚利寶控股有限公司 主席兼行政總裁 劉婉貞 香港，二零二三年三月二十四日 ...

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of SGD 4,166,000, a significant increase from SGD 2,451,000 in the same period of 2021, representing a growth of 70%[12] - The gross profit for the three months ended September 30, 2022, was SGD 2,942,000, compared to SGD 1,714,000 in the same period of 2021, indicating a year-over-year increase of 71.5%[12] - For the nine months ended September 30, 2022, the total revenue was SGD 12,624,000, up from SGD 9,369,000 in the same period of 2021, marking a growth of 34.5%[12] - Revenue from the restaurant business for the nine months ended September 30, 2022, was SGD 9,606,000, an increase of 31% from SGD 7,345,000 in the same period of 2021[23] - The company generated total revenue of SGD 12,624,000 for the nine months ended September 30, 2022, compared to SGD 9,369,000 for the same period in 2021, reflecting a growth of 35%[23] - The company’s total comprehensive loss for the nine months ended September 30, 2022, was SGD 1,397,000, compared to a loss of SGD 2,068,000 for the same period in 2021[14] - The company recorded a loss before tax of SGD 812,000 for the three months ended September 30, 2022, compared to a loss of SGD 549,000 in the same period of 2021, reflecting a deterioration in performance[12] - The net loss attributable to equity holders for the three months ended September 30, 2022, was SGD 810,000, compared to a loss of SGD 555,000 in the same period of 2021[12] - For the nine months ended September 30, 2022, the company reported a total loss of SGD 1,502,000, compared to a loss of SGD 2,118,000 for the same period in 2021, representing a 29% improvement in losses year-over-year[14] Operational Highlights - The company is focused on expanding its market presence and developing new products and technologies to drive future growth[11] - The management remains optimistic about future performance despite the current losses, emphasizing strategic initiatives to enhance operational efficiency and market reach[11] - The company opened a new café in Vivocity in October 2022, which exceeded revenue expectations and positively contributed to overall earnings[35] - The company closed the Central Hong Kong Café at Resorts World Sentosa in August 2022 due to the owner's restructuring plans[35] - The company believes that the lifting of COVID-19 measures and the recovery of the tourism industry in Singapore will positively impact the restaurant sector[34] Income and Expenses - The company experienced a foreign exchange gain of SGD 122,000 for the three months ended September 30, 2022, compared to a gain of SGD 14,000 in the same period of 2021[12] - The company reported a foreign exchange gain of SGD 105,000 for the nine months ended September 30, 2022, compared to a gain of SGD 50,000 in the same period of 2021[14] - Cost of goods sold increased by approximately 1.02 million Singapore dollars or 40.8% to 3.53 million Singapore dollars for the nine months ended September 30, 2022, driven by overall food price inflation[38] - Other income decreased by approximately 1.80 million Singapore dollars or 85.5% to 0.31 million Singapore dollars for the nine months ended September 30, 2022, due to reduced government subsidies for the restaurant industry[39] - Other expenses increased by approximately 0.44 million Singapore dollars or 21.5% to 2.50 million Singapore dollars for the nine months ended September 30, 2022, mainly due to short-term lease renewals[43] Shareholder Information - As of September 30, 2022, major shareholders, excluding directors and executives, held a total of 90,500,000 shares, representing 18.1% of the company's equity[52] - The company did not recommend any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[27] - The board did not recommend any interim dividend for the nine months ending September 30, 2022, consistent with the previous year[63] Governance and Compliance - The company is committed to high standards of corporate governance, although the roles of chairman and CEO are held by the same individual[59] - The company did not engage in any related party transactions during the nine months ending September 30, 2022[55] - No significant investments, acquisitions, or disposals were made by the group during the nine months ending September 30, 2022[64] - The company has no specific plans for significant investments or acquisitions of capital assets as of the report date[65] - The audit committee reviewed the group's unaudited interim results for the nine months ending September 30, 2022[62] - The company has adopted a share option scheme since April 4, 2018, but no options have been granted up to September 30, 2022[57] - The company has not established any arrangements for directors or executives to acquire securities since its listing date up to September 30, 2022[51] - The company has not purchased, sold, or redeemed any of its listed securities since its listing date up to September 30, 2022[56] Taxation - The company’s income tax expense for the nine months ended September 30, 2022, was SGD 8,000, compared to an expense of SGD 23,000 in the same period of 2021[25]

Financial Performance - For the six months ended June 30, 2022, total revenue was SGD 8,458,000, an increase of 22.3% compared to SGD 6,918,000 for the same period in 2021[12]. - The gross profit for the same period was SGD 6,152,000, up from SGD 5,148,000, reflecting a gross margin improvement[12]. - The net loss attributable to owners of the company for the six months was SGD 692,000, compared to a loss of SGD 1,563,000 in the previous year, indicating a reduction in losses[12]. - The basic and diluted loss per share for the six months was SGD 0.14, an improvement from SGD 0.31 in the same period last year[12]. - The group reported a loss before tax of SGD 682,000 for the six months ended June 30, 2022, compared to a loss of SGD 1,546,000 for the same period in 2021, indicating an improvement[36]. - The group recorded a loss of approximately SGD 0.69 million for the six months ended June 30, 2022, compared to a loss of SGD 1.56 million for the same period in 2021, mainly due to increased revenue from the lifting of COVID-19 measures[75]. Revenue Breakdown - Revenue for the restaurant business reached SGD 6,551,000 for the six months ended June 30, 2022, an increase of 19.2% compared to SGD 5,494,000 for the same period in 2021[28]. - The bakery segment generated revenue of SGD 1,900,000 for the six months ended June 30, 2022, up 33.9% from SGD 1,417,000 in the previous year[28]. - Total revenue for the group was SGD 8,458,000 for the six months ended June 30, 2022, compared to SGD 6,918,000 for the same period in 2021, reflecting a growth of 22.3%[33]. - The group’s total external customer revenue for the bakery segment was SGD 1,907,000 for the six months ended June 30, 2022, compared to SGD 1,423,000 in the previous year, marking a growth of 34.0%[33]. Expenses and Costs - Employee benefits expenses increased to SGD 3,152,000 for the six months, compared to SGD 2,964,000 in the previous year, reflecting increased staffing costs[12]. - The total cost of goods sold for the six months was SGD 2,306,000, compared to SGD 1,770,000 in the previous year, indicating higher sales volume[12]. - Cost of goods sold increased by approximately SGD 0.54 million or 30.3% from SGD 1.77 million to SGD 2.31 million, driven by overall food price inflation[68]. - Financing costs decreased by approximately SGD 0.04 million or 15.2% from SGD 0.26 million to SGD 0.22 million, attributed to the renewal of a lease as a short-term rental[74]. Assets and Liabilities - As of June 30, 2022, total non-current assets decreased to SGD 6,764,000 from SGD 8,455,000, representing a decline of approximately 20%[14]. - Current assets totaled SGD 4,631,000, down from SGD 6,098,000, indicating a decrease of about 24%[14]. - Total liabilities decreased to SGD 5,508,000 from SGD 7,118,000, reflecting a reduction of approximately 23%[14]. - The company's equity decreased to SGD 2,575,000 from SGD 3,284,000, a decline of about 21%[14]. - Total borrowings decreased from SGD 7,429,000 to SGD 5,625,000, a decrease of 24.2%[56]. Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2022, was SGD 667,000, compared to a cash outflow of SGD 507,000 in the same period last year[18]. - Cash and cash equivalents at the end of the period were SGD 2,767,000, down from SGD 3,530,000, a decrease of approximately 22%[18]. - The net cash flow from investing activities for the same period was approximately SGD 1.17 million, primarily due to the release of pledged fixed deposits of SGD 1.19 million[78]. - The net cash flow used in financing activities was SGD 2.14 million, utilized for repaying bank loans and finance leases of SGD 0.23 million and lease liabilities of SGD 1.91 million[78]. Strategic Initiatives - The company aims to continue expanding its market presence and developing new products to drive future growth[11]. - The company continues to focus on its core businesses in Singapore's food and beverage sector and Malaysia's artisanal bakery chain[20]. - The company plans to continue adjusting its business strategy cautiously to minimize losses and improve performance amid ongoing economic instability[66]. - The company closed the unprofitable Masa Orchard Gateway store in June 2022 as part of its strategy to reduce losses[66]. Governance and Corporate Matters - The company is committed to high standards of corporate governance, although the roles of chairman and CEO are held by the same individual[100]. - The board believes that the current arrangement of roles does not impair the balance of power and authority[100]. - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2022[104]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[108].

Financial Performance - For the first quarter ended March 31, 2022, the company reported revenue of SGD 3,926,000, a decrease from SGD 4,118,000 in the same period last year, representing a decline of approximately 4.66%[12] - The gross profit for the first quarter was SGD 2,859,000, compared to SGD 3,109,000 in the previous year, indicating a decrease of about 8.03%[12] - The company recorded a loss before tax of SGD 479,000, which is a slight increase from the loss of SGD 444,000 in the prior year, reflecting a deterioration of approximately 7.88%[12] - The net loss attributable to owners of the company for the quarter was SGD 484,000, compared to a loss of SGD 452,000 in the same quarter last year, marking an increase of about 7.09%[12] - The total comprehensive loss for the period was SGD 483,000, compared to a total comprehensive loss of SGD 416,000 in the previous year, representing an increase of approximately 16.06%[12] - The company's basic loss per share for the quarter was SGD 0.10, compared to SGD 0.09 in the same period last year, indicating a worsening of approximately 11.11%[12] - Revenue decreased by approximately SGD 0.19 million or 4.7% to SGD 3.93 million for the three months ended March 31, 2022, compared to SGD 4.12 million for the same period in 2021[37] - The group recorded a loss of approximately SGD 0.48 million for the three months ended March 31, 2022, compared to a loss of SGD 0.45 million for the same period in 2021, attributed to overall revenue decline[44] Equity and Shareholder Information - As of March 31, 2022, the total equity of the company was SGD 2,801,000, down from SGD 6,066,000 as of January 1, 2021, reflecting a decrease of approximately 53.82%[14] - As of March 31, 2022, major shareholders and other individuals (excluding directors and senior management) held a total of 90,500,000 shares, representing approximately 18.1% of the company's equity[51] - The company did not recommend any interim dividend for the three months ended March 31, 2022, consistent with the previous year[27] - The board of directors did not recommend any interim dividend for the three months ending March 31, 2022, consistent with the previous year[63] Revenue Sources and Expenses - Revenue from the food and beverage business was SGD 3,033,000, down from SGD 3,405,000 year-on-year[23] - The company's employee benefits expenses for the quarter were SGD 1,564,000, an increase from SGD 1,510,000 in the same period last year, representing a rise of approximately 3.59%[12] - Cost of goods sold increased by approximately SGD 0.06 million or 5.7% to SGD 1.07 million for the three months ended March 31, 2022, due to overall food price inflation[38] - Other income decreased by approximately SGD 0.33 million or 69.7% to SGD 0.14 million for the three months ended March 31, 2022, primarily due to reduced government and landlord subsidies[39] - Depreciation of right-of-use assets decreased by approximately SGD 0.31 million or 30.2% to SGD 0.70 million for the three months ended March 31, 2022, due to a reduction in operational stores[40] Strategic Initiatives and Market Conditions - The company continues to explore new strategies for market expansion and product development to improve financial performance in future quarters[11] - The company is closely monitoring inflationary pressures and tax policies in the US and Singapore, which may affect consumer behavior[33] - The overall business environment remains consistent with the previous year's report, with ongoing challenges related to labor shortages and rising wage levels in Singapore[33] - The newly opened café Q Classified in Yishun is performing well, while business prospects in China are currently on hold due to strict lockdown measures[34] - The company aims to minimize losses and improve performance through careful adjustments to its business strategies[36] Compliance and Governance - The financial statements are prepared in accordance with International Financial Reporting Standards and presented in Singapore dollars[17] - The group did not adopt any new or revised International Financial Reporting Standards that have been issued but are not yet effective[18] - The company is committed to high standards of corporate governance, although the roles of chairman and CEO are held by the same individual[59] - The company has not established any arrangements for directors or senior management to acquire any securities of the company or its affiliates since the listing date[50] Other Information - The company received a court order on March 28, 2022, confirming the withdrawal of a claim amounting to SGD 9,073,811 against it[29] - The group operates in Singapore's food and beverage sector and Malaysia's artisanal bakery chain[19] - The group incurred an income tax expense of SGD 5,000 for the three months ended March 31, 2022, consistent with the SGD 8,000 reported in the previous year[25] - The company did not engage in any related party transactions during the three months ending March 31, 2022[55] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ending March 31, 2022[56] - The company did not grant any share options under the share option scheme from its adoption until March 31, 2022[57] - There were no significant investments, acquisitions, or disposals made by the group during the three months ending March 31, 2022[64] - The audit committee reviewed the unaudited first-quarter results for the three months ending March 31, 2022[62] - The company expressed gratitude to shareholders, business partners, and customers for their continued support during the reporting period[65]