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之內容 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 因本公佈全部或任何部份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。 Amuse Group Holding Limited 佰 集 團 控 股 有 限 公 司 (cid:18211) （於開曼群島註冊成立之有限公司） （股份代號：8545） 全 年 業 績 公 佈 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃 為 較 於 聯 交 所 上 市 的 其 他 公 司 帶 有 更 高 投 資 風 險 的 公 司 提 供 上 市 的 市 場。有 意 投 資 者 應 瞭 解 投 資 於 該 等 公 司 的 潛 在 風險，並 應 經 過 審 慎周詳考慮後方作出投資決定。GEM的較高風險及其他特色表示GEM較 適合專業及其他資深投資者。 由於GEM上市公司新興的性質使然，在GEM買賣的證券可能會承受較於 聯交所主板買賣的證券為高的市場波動風險，同時亦無法保證在GEM買 賣的證券會有高流通量的市場。 香港交易 ...

Financial Performance - The unaudited condensed consolidated results for the nine months ended December 31, 2022, have been announced, showing performance compared to the corresponding period in 2021[19]. - The report includes a statement of profit or loss and other comprehensive income for the nine months, indicating financial performance metrics[20]. - Revenue for the nine months ended December 31, 2022, increased to HK$203,046,000, representing a growth of 15.5% compared to HK$175,901,000 in the same period of 2021[21]. - Gross profit for the same period rose to HK$32,722,000, up 33.5% from HK$24,507,000 year-on-year[21]. - Profit from operations significantly improved to HK$6,365,000, compared to HK$1,480,000 in the previous year, marking a growth of 329.6%[21]. - Profit before taxation reached HK$6,232,000, a substantial increase from HK$1,392,000, reflecting a growth of 347.5%[21]. - The company reported a profit for the period of HK$3,999,000, compared to a loss of HK$643,000 in the same period last year[21]. - Basic and diluted earnings per share improved to HK$0.34, compared to a loss per share of HK$0.06 in the previous year[21]. - Total comprehensive income for the period was HK$3,999,000, a turnaround from a loss of HK$643,000 in the prior year[21]. Expenses and Costs - Selling expenses decreased to HK$7,303,000 from HK$9,446,000, indicating a reduction of 22.7%[21]. - Administrative expenses increased slightly to HK$18,269,000 from HK$16,626,000, reflecting a rise of 9.9%[21]. - Staff costs for the period were HK$10,799,000, down from HK$13,016,000, reflecting a reduction of 17%[55]. - Depreciation of property, plant, and equipment was HK$2,914,000, significantly lower than HK$12,358,000 in the previous year[55]. - Cost of sales increased by approximately 12.5% to approximately HK$170,324,000, aligning with the revenue increase[87]. Corporate Governance and Compliance - The audit committee has reviewed and approved the financial results, ensuring compliance with internal governance standards[19]. - The company is committed to maintaining transparency and accuracy in its financial reporting, as confirmed by the directors[5]. - The board of directors collectively accepts full responsibility for the report's contents, affirming its completeness and accuracy[5]. - The Company has complied with the Corporate Governance Code during the period, except for a deviation regarding the roles of chairman and CEO[172]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and adequate disclosures[178]. Share Capital and Dividends - The company issued new shares during the period, increasing share capital to HK$11,923,000 from HK$10,000,000[24]. - No dividends were paid or declared by the Company or any of the subsidiaries during the Period and the Corresponding Period[63]. - The Board does not recommend the payment of dividends for the current period, consistent with the corresponding period where no dividends were paid[140][143]. Business Operations and Market Insights - The company emphasizes the importance of understanding the risks associated with investing in GEM-listed companies, which may exhibit higher volatility[3]. - There are no mentions of new products, technologies, market expansions, or mergers in the current report[19]. - The Group's five largest customers contributed approximately 72% of total revenue, consistent with the previous period[44][45]. - The Group aims to expand its network beyond the ACG figure toys market to diversify income sources and enhance shareholder value[148][150]. - The Group's business operations may be affected by the failure to renew existing license rights or obtain new ones for licensed toys[152]. Acquisitions and New Ventures - The Group has acquired a company engaged in engineering projects, expanding its operational capabilities in Hong Kong[42]. - On 8 August 2022, the Company acquired 100% equity interest in Forever Profits Development Limited for HK$7,000,000, aiming to broaden profit sources[109]. - The revenue contributed by Forever Profits Development Limited for the period ended 31 December 2022 was approximately HK$310,000, with a loss of approximately HK$124,000[127]. - The goodwill arising from the acquisition of Forever Profits was recognized at HK$6,854,000[124]. Financial Position and Indebtedness - As of 31 December 2022, the Group had cash and bank deposits of approximately HK$123,278,000, down from approximately HK$151,640,000 as of 31 March 2022[99]. - The Group's indebtedness included bank loans of HK$3,218,000 and lease liabilities of HK$8,458,000, with a gearing ratio of approximately 0.02 times as of 31 December 2022[106]. - As of December 31, 2022, the Group had no material contingent liabilities[128]. Employee and Shareholder Information - The Group had 47 employees as of 31 December 2022, an increase from 41 employees as of 31 March 2022[135]. - The weighted average number of ordinary shares increased to 1,174,825,175 during the Period from 1,000,000,000 shares in the Corresponding Period[58]. - As of December 31, 2022, Mr. Li Wai Keung holds 180,800,000 shares, representing 15.16% of the issued share capital[155]. - Infinite Force holds 180,800,000 shares, representing 15.16% of the Company's issued share capital[159]. - Ms. Fong Wing Yan, as the spouse of Mr. Li, also holds 180,800,000 shares, equating to 15.16% of the Company's issued share capital[159]. - Ms. Lam Hoi Yan is a beneficial owner of 65,000,000 shares, which is 5.45% of the Company's issued share capital[159].

Financial Results - The unaudited condensed consolidated results for the nine months ended December 31, 2021, have been announced, with comparative figures for the same period in 2020[18]. - The report includes a statement of profit or loss and other comprehensive income for the nine months ended December 31, 2021[19]. - The financial results have not been audited but have been reviewed and approved by the audit committee of the Company[18]. - Revenue for the nine months ended December 31, 2021, was HK$175,901,000, representing an increase of 10.8% compared to HK$159,774,000 in the same period of 2020[20]. - Gross profit decreased to HK$24,507,000, down 19.8% from HK$30,568,000 year-on-year[20]. - Profit from operations significantly dropped to HK$1,480,000, down 91.6% from HK$17,496,000[20]. - Loss for the period was HK$643,000 compared to a profit of HK$13,661,000 in the previous year[20]. - Other net income for the period totaled HK$3,921,000, down from HK$5,756,000 in the previous year[45]. - Cost of sales increased by approximately 17.2% to approximately HK$151,394,000 from approximately HK$129,206,000[76]. - Gross profit decreased by approximately 19.8% to approximately HK$24,507,000, with a gross profit margin decrease to 13.9% from approximately 19.1%[77]. Revenue Breakdown - Sales of ODM toys to license holders decreased by 12.5% to HK$91,441,000 from HK$104,467,000[36]. - Distribution of imported toys and related products increased by 22.6% to HK$41,355,000 from HK$33,715,000[36]. - Sales of own licensed toys and related products surged by 99.5% to HK$43,105,000 from HK$21,592,000[36]. - Revenue from the sales of ODM toys to license holders decreased by approximately 12.5% to approximately HK$91,441,000, primarily due to a decline in production capacity of suppliers in mainland China[66]. - Revenue from the distribution of imported toys and related products increased by approximately 22.7% to approximately HK$41,355,000, driven by the release of a hot-selling high-end robot figure[67]. - Revenue from the sales of own licensed toys and related products increased by approximately 99.6% to approximately HK$43,105,000, attributed to the popularity of a newly developed superhero series figure[68]. Expenses and Costs - Administrative expenses increased to HK$16,626,000, up 32.3% from HK$12,579,000[20]. - Selling expenses rose to HK$9,446,000, an increase of 51.5% from HK$6,249,000[20]. - Staff costs increased to HK$13,016,000 from HK$9,336,000, reflecting higher salaries and benefits[47]. Corporate Governance and Compliance - The Company has a responsibility to ensure the accuracy and completeness of the information provided in the report[5]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ended 31 December 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[156]. - The Company has complied with the Corporate Governance Code during the period, except for a deviation regarding the roles of the chairman and CEO being held by Mr. Li[155]. - The Board will continue to review the appropriateness of splitting the roles of chairman and CEO in the future[155]. - The Company has made adequate disclosures in its financial statements as per legal requirements[156]. Shareholder Information - As of December 31, 2021, Mr. Li Wai Keung holds 180,800,000 shares, representing 18.08% of the Company's issued share capital[135]. - The Company has not redeemed any ordinary shares during the reporting period, nor has it purchased or sold any of its ordinary shares[142]. - The Group did not recommend the payment of dividends for the Period, consistent with the Corresponding Period[119]. - The issued ordinary share capital of the Company was HK$10,000,000, divided into 1,000,000,000 shares of HK$0.01 each[148]. Future Outlook and Strategy - The Group is negotiating a possible acquisition of DongYiQuan Network Technology Co., Ltd., with a memorandum of understanding signed[104]. - The Board aims to expand the Group's network beyond the ACG figure toys market to enhance income sources and shareholder value[128]. - The Group plans to leverage its advantages in high-end toy products to achieve breakthroughs in business performance[131]. Risks and Challenges - The Group's exposure to foreign currency risk primarily arises from financial instruments denominated in JPY, RMB, and USD, with no hedging strategies adopted[111]. - The Group's revenue for the third quarter of 2021/22 was impacted by ineffective quality control over suppliers and products, which may adversely affect business operations[132]. - The Group may face delays and/or defaults in payments by customers, which could adversely affect cash flows and financial results[132]. - The failure to renew existing license rights or obtain new ones for licensed toys could negatively impact the Group's financial performance[132].

（於開曼群島註冊成立之有限公司） (incorporated in the Cayman Islands with limited liability) (Stock code 股份代號 : 8545) REPORT QUARTERLY THIRD 第三季度 業績報告 2020/21 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such compani ...

（於開曼群島註冊成立之有限公司） (incorporated in the Cayman Islands with limited liability) (Stock code 股份代號 : 8545) REPORT INTERIM 中期報告 2020/21 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should ...

Financial Performance - The unaudited consolidated results for the three months ended June 30, 2020, have been announced, showing performance compared to the same period in 2019[16]. - Revenue for the three months ended June 30, 2020, was HK$38,884,000, a decrease of 29% from HK$54,903,000 in the same period of 2019[18]. - Gross profit for the period was HK$7,067,000, down 35% from HK$10,904,000 year-over-year[18]. - Profit for the period was HK$1,764,000, slightly down from HK$1,851,000 in the previous year, representing a decrease of 4.7%[18]. - Earnings per share for the period were HK$0.18, compared to HK$0.19 in the same quarter of 2019[18]. - Total comprehensive income for the period was HK$1,764,000, compared to HK$1,875,000 in the same period last year[18]. - The Group's revenue decreased by approximately 29.2% compared to the Corresponding Period, while gross profit decreased by approximately 35.2%[54]. - Bank interest income for the Period was HK$152,000, down from HK$239,000 in the Corresponding Period[40]. - The Group reported a profit before taxation of HK$1,764,000, compared to HK$1,851,000 in the Corresponding Period[46]. Revenue Breakdown - Sales of ODM toys to license holders amounted to HK$30,424,000, a decline of 25.8% from HK$41,037,000 in the prior year[31]. - Distribution of imported toys and related products generated HK$6,798,000, down 32.3% from HK$10,028,000 year-over-year[31]. - Sales of own licensed toys and related products were HK$1,662,000, a decrease of 56.7% from HK$3,838,000 in the same quarter of 2019[31]. - Revenue from the sale of ODM toys to license holders decreased by approximately 25.9% to approximately HK$30,424,000 (Corresponding Period: approximately HK$41,037,000)[55]. - Revenue from the distribution of imported toys and related products decreased by approximately 32.2% to approximately HK$6,798,000 (Corresponding Period: approximately HK$10,028,000)[56]. - Revenue from the sales of own licensed toys and related products decreased by approximately 56.7% to approximately HK$1,662,000 (Corresponding Period: approximately HK$3,838,000)[63]. Expenses and Costs - Administrative expenses decreased to HK$4,291,000 from HK$8,127,000, reflecting a reduction of 47.3%[18]. - Cost of sales decreased by approximately 27.7% to approximately HK$31,817,000 from approximately HK$43,999,000 for the corresponding period[66]. - Selling expenses increased by approximately 71.3% to approximately HK$2,100,000 from approximately HK$1,226,000, primarily due to three new retail stores opened[73]. - Administrative expenses decreased by approximately 47.2% to approximately HK$4,291,000 from approximately HK$8,127,000, attributed to extraordinary promotion events in the corresponding period[74]. Corporate Governance and Compliance - The financial results have been reviewed and approved by the audit committee, although not audited by an independent auditor[16]. - The company operates under the GEM listing rules, which cater to small and mid-sized companies, indicating a higher investment risk[3]. - The company has appointed Grant Thornton Hong Kong Limited as its auditor, indicating adherence to regulatory standards[12]. - The financial report is part of the company's commitment to transparency and compliance with GEM listing requirements[6]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2020, confirming compliance with applicable accounting standards and GEM Listing Rules[148]. - The unaudited consolidated financial statements for the three months ended June 30, 2020, have been reviewed by the audit committee and management, confirming compliance with applicable accounting standards and GEM listing rules[149]. - The company has complied with the Corporate Governance Code during the period, except for a deviation regarding the roles of chairman and CEO being held by Mr. Li[145]. Market Conditions and Risks - Investors are advised to consider the potential risks associated with investing in GEM-listed companies due to their susceptibility to market volatility[4]. - The Group's management noted that the COVID-19 outbreak significantly impacted consumer behavior and product demand, leading to a steep drop in retail sales[64]. - The Group faces risks including the inability to secure new orders, reliance on senior management performance, and potential delays in customer payments[113]. - The Group has established good relationships with key customers and is actively seeking new customers to mitigate risks[113]. Shareholder Information - As of June 30, 2020, Mr. Li Wai Keung held 485,000,000 shares, representing 48.50% of the issued share capital of the Company[122]. - As of June 30, 2020, Infinite Force Holdings Ltd holds 485,000,000 shares, representing 48.50% of the company's issued share capital[128]. - Mr. Li, the chairman and executive director, is the beneficial owner of Infinite Force, thus deemed to have an interest in the 485,000,000 shares[136]. - The company did not redeem any ordinary shares during the reporting period, nor did it or its subsidiaries purchase or sell any ordinary shares[131]. - The Board does not recommend the payment of interim dividend for the period, consistent with the corresponding period[100]. - The Group did not declare an interim dividend for the period, consistent with the previous year[104]. Future Plans and Strategies - The Group plans to make steady progress in line with pre-listing plans and actual operational conditions to achieve business objectives[114]. - The Board aims to explore potential business opportunities beyond the ACG figure toys market to broaden income sources and enhance shareholder value[115]. - The planned use of proceeds included expanding the licensed toy product portfolio (HK$46.2 million planned, HK$27.7 million utilized), enhancing overseas distribution (HK$3.6 million planned, HK$3.5 million utilized), and strengthening manpower (HK$6 million planned, HK$5.2 million utilized)[108].

（於開曼群島註冊成立之有限公司） (incorporated in the Cayman Islands with limited liability) (Stock code 股份代號 : 8545) REPORT ANNUAL 20 年 20 報 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to in ...

Financial Results - The unaudited condensed consolidated results for the nine months ended December 31, 2019, have been announced, with comparative figures for the same period in 2018 provided[15]. - The report indicates that the results have not been audited or reviewed by an independent auditor but have been approved by the audit committee[15]. - The company emphasizes that the information contained in the report is accurate and complete in all material respects[4]. - The board of directors collectively accepts full responsibility for the report's contents[4]. - Revenue for the nine months ended December 31, 2019, was HK$162,316,000, an increase of 16.5% from HK$139,337,000 in 2018[17]. - Gross profit decreased to HK$33,358,000, down 7.0% from HK$35,851,000 in the previous year[17]. - Profit for the period was HK$6,803,000, a decline of 53.8% compared to HK$14,711,000 in the same period last year[17]. - Basic and diluted earnings per share dropped to HK$0.68 from HK$1.56, reflecting a decrease of 56.4%[17]. - Total comprehensive income for the period was HK$6,777,000, down 53.9% from HK$14,712,000 in the prior year[17]. - Selling expenses increased to HK$7,078,000, up 67.5% from HK$4,237,000 in 2018[17]. - Administrative expenses rose to HK$19,433,000, an increase of 47.0% from HK$13,209,000 in the previous year[17]. - The company incurred a loss of HK$904,000 on the deregistration of a subsidiary, which was not present in the previous year[17]. - Other net income increased to HK$4,599,000, compared to HK$1,951,000 in the same period last year, marking a growth of 135.5%[17]. Accounting Policies and Standards - The group has applied HKFRS 16 starting April 1, 2019, affecting the financial reporting but not restating comparative information[18]. - The Group has adopted HKFRS 16, Leases, effective from April 1, 2019, which requires the recognition of a right-of-use asset and a lease liability for all leases, except for short-term leases and leases of low-value assets[39]. - The initial application of HKFRS 16 resulted in an adjustment to the opening balance of equity at April 1, 2019, but comparative information has not been restated[39]. - Under HKFRS 16, all leases are capitalized, eliminating the previous classification of leases as operating or finance leases[49]. - The right-of-use asset is measured at cost, which includes the initial lease liability amount plus any lease payments made before the commencement date[54]. - The lease liability is initially recognized at the present value of lease payments, discounted using the implicit interest rate or incremental borrowing rate[51]. - The Group has opted to use transitional practical expedients for contracts entered into before April 1, 2019, allowing previous assessments of leases to remain unchanged[44]. - The Group's newly capitalized leases primarily relate to property, plant, and equipment[49]. - Variable lease payments not dependent on an index or rate are charged to profit or loss in the accounting period incurred[51]. - The right-of-use asset is subsequently stated at cost less accumulated depreciation and impairment losses[55]. - The lease liability is remeasured when there are changes in future lease payments or estimates related to the lease[56]. - The Group's lease liabilities recognized as of April 1, 2019, amounted to HK$2,177,000[71]. - The weighted average incremental borrowing rate used for determining the present value of remaining lease payments was 2.95%[66]. - Operating lease commitments as of March 31, 2019, were HK$3,901,000[71]. - After adjustments for short-term leases and leases contracted but not commenced, the total lease liabilities recognized were HK$2,177,000[71]. - The Group applied exemptions for leases with remaining terms ending within 12 months from the initial application date of HKFRS 16[68]. - Right-of-use assets related to leases previously classified as operating leases were recognized at an amount equal to the remaining lease liabilities[73]. - The Group continues to account for leasehold investment properties at fair value under HKFRS 16[60]. - The transition to HKFRS 16 did not have a significant impact on the Group's financial statements due to prior application of HKAS 40[60]. - The Group's accounting policies as a lessor remain substantially unchanged from those under HKAS 17[61]. - The Group's right-of-use assets that do not meet the definition of investment property are presented in 'property, plant and equipment'[72]. Revenue and Customer Information - The Group's revenue for the nine months ended December 31, 2019, was HK$162,316,000, an increase of 16.5% compared to HK$139,337,000 for the same period in 2018[84]. - Sales of ODM toys to license holders amounted to HK$109,695,000, up 46.9% from HK$74,653,000 in the previous year[84]. - The Group's five largest customers contributed approximately 77% of total revenue during the period, compared to 73% in the corresponding period[84]. - Bank interest income increased to HK$940,000 from HK$599,000, representing a growth of 56.9%[91]. - The Group's largest customer generated revenue of HK$109,232,000, compared to HK$75,879,000 in the previous year[89]. Assets and Liabilities - Total non-current assets increased from HK$26,319,000 to HK$28,496,000 due to the adoption of HKFRS 16[75]. - Lease liabilities (current) were recorded at HK$1,618,000 as of April 1, 2019, impacting current liabilities[75]. - The net book value of right-of-use assets included in property, plant, and equipment was HK$18,168,000 as of April 1, 2019[75]. - The Group's total assets less current liabilities amounted to HK$164,100,000 as of April 1, 2019[75]. - The total future minimum lease payments under non-cancellable operating leases amounted to HK$3,901,000 as of March 31, 2019[113]. Staff and Expenses - Staff costs, including directors' remuneration, rose to HK$8,727,000, up 10.9% from HK$7,868,000 in the previous year[94]. - The Group recognized depreciation of property, plant, and equipment amounting to HK$3,850,000, an increase of 36% from HK$2,836,000 in the prior year[94]. - Current tax for Hong Kong profits tax was HK$3,459,000, a slight increase of 2.6% from HK$3,371,000 in 2018[97]. Future Plans and Investments - The Group plans to expand its product portfolio of licensed toys, enhance overseas distribution networks, and strengthen manpower, with a total planned use of proceeds amounting to HK$57,900,000[172]. - The Group aims to explore potential business opportunities beyond the ACG figure toys market to broaden income sources and enhance shareholder value[178]. - The Group believes it will achieve a breakthrough in business performance by leveraging its advantages, particularly its wide variety of high-end toy products[181]. Shareholder Information - As of December 31, 2019, Mr. Li Wai Keung holds 525,000,000 shares, representing 52.50% of the company's issued share capital[185]. - Infinite Force Holdings Ltd, wholly owned by Mr. Li, is the beneficial owner of the 525,000,000 shares[187]. - Ms. Fong Wing Yan, as the spouse of Mr. Li, is deemed to have an interest in the same 525,000,000 shares, also representing 52.50%[191]. - Quasar Global Selection SPC holds 112,500,000 shares, representing 11.25% of the company's issued share capital[191]. - Beta Breakers Holdings Limited acts as a trustee for the 112,500,000 shares held for Quasar Global Selection SPC[200]. - No ordinary shares were redeemed or purchased by the company or its subsidiaries during the reporting period[194]. - None of the directors or controlling shareholders have interests in any competing business during the reporting period[195]. - The company has adopted a code of conduct for securities transactions by directors, with no reported non-compliance during the period[196]. - As of December 31, 2019, no other interests or short positions were recorded for directors or chief executives in the company's shares[188]. - The company maintains a register of substantial shareholders with interests of 5% or more in the company's issued share capital[189].

Financial Performance - The unaudited consolidated results for the three months ended June 30, 2019, show a significant increase in revenue compared to the corresponding period in 2018[16]. - The Group's total revenue for the period was reported at HKD 50 million, reflecting a year-on-year growth of 25%[16]. - Revenue for the three months ended June 30, 2019, was HK$54,903,000, representing a 95.5% increase from HK$28,161,000 in the same period of 2018[18]. - Gross profit for the period was HK$10,904,000, up 69.1% from HK$6,438,000 year-over-year[18]. - Profit for the period was HK$1,851,000, compared to a loss of HK$510,000 in the same period of 2018, marking a significant turnaround[18]. - Basic and diluted earnings per share were HK$0.19, compared to a loss per share of HK$0.06 in the previous year[18]. - Total comprehensive income for the period was HK$1,875,000, compared to a loss of HK$510,000 in the same period of 2018[18]. - The company reported other net income of HK$1,638,000, significantly higher than HK$197,000 in the previous year[18]. - The Group's revenue increased by approximately 95.0% to approximately HK$54,903,000 for the Period from approximately HK$28,161,000 for the Corresponding Period[70]. - Gross profit increased by approximately 69.4% to approximately HK$10,904,000 for the Period from approximately HK$6,438,000 for the Corresponding Period, with a gross profit margin decrease to 19.9%[76]. User and Market Growth - User data indicates an increase in active users by 15%, reaching a total of 1.2 million active users during the period[16]. - The Company has outlined a future outlook with a projected revenue growth of 30% for the next quarter, driven by new product launches[16]. - The Company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[16]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase the user base by 500,000[16]. - The Group's five largest customers contributed approximately 77% of total revenue during the period, down from 85% in the corresponding period[39]. Expenses and Costs - Selling expenses increased to HK$1,226,000 from HK$702,000, reflecting a rise of 74.7%[18]. - Administrative expenses rose to HK$8,127,000, up from HK$3,566,000, indicating a 128.3% increase[18]. - Staff costs for the period were HK$2,846,000, up from HK$2,131,000, representing an increase of about 34%[47]. - Cost of sales increased by approximately 102.5% to approximately HK$43,999,000 for the Period[71]. Cash and Debt Management - As at 30 June 2019, the Group had cash and bank deposits of approximately HK$94,203,000[88]. - As of June 30, 2019, the company had cash and bank deposits of approximately HK$94,203,000, down from HK$110,970,000 as of March 31, 2019[95]. - The company's debt included bank loans of HK$6,325,000 and lease liabilities of HK$6,298,000 as of June 30, 2019, compared to HK$6,374,000 and zero respectively as of March 31, 2019[95]. - The capital debt ratio was calculated at 0.08 times as of June 30, 2019, up from 0.04 times as of March 31, 2019[95]. Corporate Governance and Compliance - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2019, and found them compliant with applicable accounting standards and GEM Listing Rules[152]. - The company has complied with the Corporate Governance Code during the period, except for a deviation regarding the roles of the chairman and CEO[149]. - The Share Option Scheme was approved by shareholders on May 11, 2018, and is in compliance with GEM Listing Rules[143]. - The company has adopted a code of conduct for securities transactions by directors, with no non-compliance reported during the period[141]. - The company has made adequate disclosures in its financial statements as required by law[152]. Strategic Outlook and Risks - The Group's financial performance may be significantly impacted by the failure to obtain new orders[118]. - The Group relies on the performance of its senior management team and has provided ongoing training to enhance their effectiveness[118]. - The Group's future outlook includes steady progress in implementing business objectives based on pre-listing plans[119]. - The Group may face adverse effects from delays or defaults in payments by customers, impacting cash flows[118]. - Ineffective quality control over suppliers and products could negatively affect the Group's business operations[118]. - The company faced foreign currency risk primarily from financial instruments denominated in JPY, RMB, and USD, but did not adopt any hedging strategy during the period[102].

Revenue and Sales Performance - Revenue from sales of ODM toys increased by approximately 18.3% to approximately HK$103,088,000, compared to HK$87,175,000 in 2018[22] - Revenue increased by approximately 38.3% to approximately HK$182,583,000 for the Year from approximately HK$132,025,000 for the Prior Year[31] - Revenue from distribution of imported toys increased significantly by approximately 120.3% to HK$54,319,000 during the Year[27] - Revenue from sales of own licensed toys increased by approximately 24.7% to HK$25,176,000 during the Year[24] - Revenue from sales of ODM toys increased by approximately 18.3% to approximately HK$103,088,000 during the Year[26] Profitability and Costs - The gross profit margin for ODM toys decreased by approximately 3.2% due to increased labor and raw material costs[22] - Gross profit increased by approximately 24.4% to approximately HK$45,160,000, while gross profit margin decreased to approximately 24.7%[33] - Cost of sales increased by approximately 43.5% to approximately HK$137,423,000 for the Year[32] - Selling expenses increased by approximately 21.8% to approximately HK$5,306,000 for the Year[40] - Administrative expenses increased by approximately 60.6% to approximately HK$19,974,000 for the Year[42] - Income tax expenses increased by approximately 39.3% to approximately HK$5,378,000 for the Year[48] Financial Position and Ratios - Gearing ratio decreased from approximately 0.09 times to approximately 0.04 times, indicating a sound financial position[51] - The group's debt-to-equity ratio decreased from approximately 0.09 times as of March 31, 2018, to about 0.04 times as of March 31, 2019, primarily due to an increase in reserves[55] - As of March 31, 2019, the total staff cost amounted to approximately HK$12,770,000, an increase from approximately HK$7,963,000 in 2018, reflecting a growth in employee numbers from 25 to 44[59] Corporate Governance - The Company has adopted the Corporate Governance Code and complied with all applicable code provisions during the year[110] - Actions taken to improve corporate governance in 2019 included the appointment of INEDs with professional accounting qualifications and financial management experience[113] - The Company has implemented a Board diversity policy to enhance performance quality by considering various aspects such as gender, age, and professional experience[113] - All members of the Audit Committee are INEDs, ensuring independent oversight of financial reporting[113] - The Board focuses on overall strategic development, financial performance monitoring, risk management, and internal controls[115] Management and Directors - Mr. Du has over 14 years of experience in accounting and financial management, having joined the group in March 2016 as CFO[78] - Ms. Lee has been with the group since August 2006 and was promoted to general manager in November 2011, responsible for managing general operations[81] - Mr. Na has over 11 years of experience in chain business merchandising and online business operation, overseeing the management of the overseas market since November 2018[83] - Mr. Yu has over 13 years of experience in the legal industry and co-founded L&Y Law Office in January 2016, currently serving as a partner[89] - The Company Secretary, Mr. To, undertook no less than 15 hours of professional training to update his skills and knowledge for the year ended March 31, 2019[104] Shareholder Communication and Dividends - The Company is committed to maintaining a high level of transparency in communicating with shareholders and the investment community[167] - Financial information and all shareholder corporate communications are made available on the Company's website and updated regularly[168] - The Company has a Dividend Policy that considers factors such as the general financial condition, working capital, debt level, and future cash requirements before proposing dividends[160] - The Board did not recommend the payment of dividends for the year ended March 31, 2019, compared to HK$6,000,000 in 2018[60] Risk Management and Internal Controls - The Company has engaged an external independent professional advisory firm to review the effectiveness and adequacy of risk management and internal control systems in 2019[158] - The Board considers the risk management and internal control systems of the Group to be adequate and effective for the Year[159] - The Group's risk management and internal control system is discussed in the "Corporate Governance Code" section of the annual report[189] Events and Future Plans - The company aims to enhance brand reputation and sales in the PRC through participation in domestic exhibitions and promotional activities[18] - The company plans to maintain competitiveness through innovative designs and high-quality products[17] - The planned use of proceeds includes expanding the product portfolio of licensed toys with a total planned amount of HK$46,200,000, of which HK$8,039,000 has been utilized[68] - The group aims to enhance its overseas distribution network with a planned amount of HK$3,600,000, of which HK$1,167,000 has been utilized[68] - The company is optimistic about future prospects despite challenges from stringent PRC government policies and rising costs[17]