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，概不對因本公告 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。 BOLTEK HOLDINGS LIMITED 寶 控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8601） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所 主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券 會有高流通量的市場。 本公告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨 在提供有關寶燵控股有限公司（「本公司」，連同其附屬公司「本集團」）的資料； 本公司的董事（「董事」）願就本公 ...

Financial Performance - Revenue for the three months ended March 31, 2023, was HK$37,120,000, a slight increase of 0.4% compared to HK$36,968,000 for the same period in 2022[16] - Gross profit for the same period was HK$13,730,000, down 4.0% from HK$14,300,000 year-over-year[16] - Profit before income tax decreased to HK$7,386,000, a decline of 17.3% from HK$8,921,000 in the previous year[16] - Profit attributable to owners of the Company for the period was HK$6,434,000, down 16.4% from HK$7,696,000 in the prior year[16] - Basic and diluted earnings per share were HK$0.80, compared to HK$0.96 for the same period last year, reflecting a decrease of 16.7%[16] - The profit for the period ended March 31, 2023, was HK$6,434,000, compared to HK$7,696,000 for the same period in 2022, indicating a decrease of about 16.4%[19] - For the three months ended 31 March 2023, the Group recorded a net profit of approximately HK$6.4 million, a decrease of 16.5% from HK$7.7 million for the same period in 2022[51] Expenses and Costs - Administrative expenses increased to HK$6,931,000, up 15.7% from HK$5,988,000 in the previous year[16] - Direct costs rose to HK$23,390,000, an increase of 3.2% from HK$22,668,000 in the same period last year[16] - Costs of revenue increased to approximately HK$23.4 million, up by approximately HK$0.7 million or 3.2% from HK$22.7 million for the corresponding period in 2022[57] - Gross profit decreased to approximately HK$13.7 million, down by approximately HK$0.6 million or 4.0% from HK$14.3 million for the same period in 2022[58] - Administrative expenses increased to approximately HK$6.9 million, up by approximately HK$0.9 million or 15.7% from HK$6.0 million for the corresponding period in 2022[59] Taxation - Income tax expenses for the period were HK$952,000, compared to HK$1,225,000 in the previous year, indicating a decrease of 22.3%[16] - The income tax expense for the three months ended March 31, 2023, was calculated at a rate of 16.5%, consistent with the previous year[37] Equity and Retained Earnings - As of March 31, 2023, the total equity increased to HK$197,788,000, up from HK$191,354,000 at the beginning of the year, reflecting a growth of approximately 3.3%[18] - The retained earnings as of March 31, 2023, rose to HK$108,120,000 from HK$101,686,000, representing an increase of approximately 6.2%[18] Business Outlook and Strategy - The Company continues to explore new strategies for market expansion and product development to enhance future performance[15] - The Group is cautiously optimistic about its business outlook due to an increasing number of project quotation invitations from potential and current customers[51] - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[52] Corporate Governance - The company has complied with the Corporate Governance Code throughout the three months ended March 31, 2023[79] - The Audit Committee, comprising three independent non-executive Directors, reviews financial statements and oversees external auditor appointments[84] - The company is committed to enhancing corporate governance practices to increase transparency and accountability to shareholders[79] - No incidents of non-compliance regarding Directors' securities transactions were noted for the three months ended March 31, 2023[82] Shareholding and Securities - As of March 31, 2023, Cheung Kwan Tar holds 541,200,000 shares, representing 67.65% of the company's shareholding[72] - Cheng Chi Heng is a beneficial owner of 58,800,000 shares, accounting for 7.35% of the company's shareholding[78] - The company has adopted a Share Option Scheme since August 20, 2018, but no share options have been granted under this scheme[83] - The Group has not purchased, sold, or redeemed any of its listed securities during the three months ended March 31, 2023[68] - As of March 31, 2023, no other parties (excluding Directors or chief executives) had interests of 5% or more in the shares of the company[75] Financial Reporting - The Group's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[23] - The unaudited financial statements for the period ended March 31, 2023, are presented in Hong Kong dollars (HK$), rounded to the nearest thousand[24] - The unaudited first quarterly results for the three months ended March 31, 2023, have been reviewed by the Audit Committee[85] - The Group operates as a single segment focused on engineering consultancy services, with no separate segment analysis provided[36] - The Group's financial performance is reviewed by the executive directors, who are identified as the chief operating decision-makers[36]

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，概不對因本公告 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。 BOLTEK HOLDINGS LIMITED 寶 控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8601） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 的 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所 主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券 會有高流通量的市場。 香港交易及結算所有限公司及聯交所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，並明確表示概不就因本公告全部或任何部分內 容而產生或因依賴該等內容而引致的任何損失 ...

Business Performance - The Group continued to secure existing projects and services while actively negotiating new projects and tenders to enhance business performance despite the adverse impact of the COVID-19 pandemic on the construction industry [19]. - The Group aims to execute its business strategies and utilize its competitive strengths [19]. - The COVID-19 pandemic has delayed the progress of existing projects but the Group has maintained stable operations [19]. - The Group recorded total revenue of approximately HK$149.3 million, representing an increase of approximately 14.9% compared to HK$129.9 million for the year ended 31 December 2021 [24]. - Profit attributable to equity holders of the Company was approximately HK$20.0 million, slightly down from approximately HK$20.2 million for the previous year; excluding COVID-19 related government subsidies, profit would have been approximately HK$16.0 million for the Year [24]. - The increase in staff costs was identified as the main reason for the decrease in profit attributable to equity holders [24]. - There has been an increasing number of project quotation invitations received from potential and current customers, indicating a positive market response [26]. - The Group plans to utilize net proceeds from the Listing to expand service capacity and improve operational efficiency [26]. - The Group aims to expand its team of professionals to enhance technical capabilities for future project bids [26]. - The outlook for the Group's business is cautiously optimistic due to strong demand in the infrastructure development market [27]. - Infrastructure developers are actively launching new projects with aggressive financing schemes as COVID-19 restrictions ease [25]. - The Group will proactively seek opportunities to expand its customer base and market share [26]. - The Group is focused on undertaking more building projects to enhance value for shareholders and stakeholders [26]. Corporate Governance - The ultimate controlling shareholder of the Group is Mr. Cheung Kwan Tar [18]. - The Company was incorporated on April 18, 2018, in the Cayman Islands [17]. - The registered office is located at Windward 3, Regatta Office Park, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands [17]. - The principal place of business is at 5/F, Winning Commercial Building, 46–48 Hillwood Road, Tsim Sha Tsui, Kowloon, Hong Kong [17]. - The company has a strong governance structure with independent non-executive Directors actively participating in key committees [46]. - The management team includes professionals with advanced degrees and certifications in engineering, business administration, and corporate governance [55][59]. - The company emphasizes the importance of independent judgement in its Board decisions, enhancing overall governance and accountability [48]. - The company is committed to maintaining high standards of corporate governance through the expertise of its Directors and senior management [52]. - The diverse backgrounds of the management team contribute to a well-rounded approach to project management and corporate governance [61]. Financial Overview - The Group recorded a profit attributable to equity holders of approximately HK$20.0 million for the Year, a slight decrease from HK$20.2 million in the previous year, primarily due to increased staff costs [71]. - Revenue increased by approximately HK$19.4 million or 14.9% to approximately HK$149.3 million for the Year, driven by an increase in projects awarded [73]. - Cost of services rose by approximately HK$20.7 million or 24.5% to approximately HK$105.1 million, mainly due to higher salaries and bonuses for technical staff [74]. - Gross profit decreased by approximately HK$1.3 million or 2.8% to approximately HK$44.2 million, attributed to increased technical staff costs [80]. - Other income and gains surged by approximately HK$4.8 million or 384.3% to approximately HK$6.1 million, largely due to increased government subsidies related to COVID-19 [81]. - Administrative expenses increased by approximately HK$4.3 million or 18.9% to approximately HK$27.1 million, primarily due to rising staff costs and benefits [82]. - Income tax expense decreased by approximately HK$0.5 million or 13.9% to approximately HK$3.1 million, reflecting a decrease in taxable profit [83]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share [72]. - The increase in projects awarded during the Year contributed significantly to revenue growth [73]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year, consistent with the previous year where no dividend was declared [91][97]. - There were no significant investments or material acquisitions or disposals of subsidiaries, associates, or joint ventures during the year [114][119]. - The Group maintained a nil gearing ratio as of December 31, 2022, consistent with 2021 [116][122]. - The Group had a total of 349 employees as of December 31, 2022, an increase from 290 in 2021 [106][112]. - As of December 31, 2022, the Group's cash and bank balances and short-term time deposits amounted to approximately HK$136.0 million, an increase from HK$121.0 million in 2021 [93][99]. - The Group's net current assets as of December 31, 2022, were approximately HK$185.6 million, up from HK$165.0 million in 2021 [94][100]. - Total equity attributable to owners of the Company as of December 31, 2022, was approximately HK$191.4 million, compared to HK$171.4 million in 2021 [102][108]. Environmental, Social, and Governance (ESG) - The company has committed to improving corporate social responsibility standards and complying with relevant ESG laws and regulations during the reporting period [130]. - The ESG report covers the core business of providing engineering consultancy services in Hong Kong for the year from January 1, 2022, to December 31, 2022 [131]. - The Group has established an ESG governance structure to incorporate ESG issues into business operations and decision-making processes [137]. - Regular meetings are held between the Board and operating department heads to discuss ESG-related issues and evaluate risks, targets, and strategies [138]. - The Group maintains continuous communication with stakeholders to identify their needs and drive business development [142]. - Key performance indicators (KPIs) data are disclosed in the ESG report, ensuring comparability with the previous year [136]. - The Group's stakeholders include shareholders and potential investors, with communication methods including financial reports and annual general meetings [144]. - The company emphasizes ethical and professional engineering consultancy services without compromising environmental standards [130]. - The Group's commitment to sustainability includes community involvement and fostering a better environment [130]. Emissions and Resource Management - For FY2022, nitrogen oxides (NOX) emissions increased to 3,422.32 grams from 2,795.49 grams in FY2021, representing a 22.3% rise [157]. - Sulphur oxides (SOX) emissions rose to 36.82 grams in FY2022, up from 31.87 grams in FY2021, indicating a 15.4% increase [157]. - Respiratory suspended particles (PM) emissions increased to 251.98 grams in FY2022, compared to 205.83 grams in FY2021, reflecting a 22.4% rise [157]. - Total greenhouse gas emissions for Scope 1 and Scope 2 reached 69.86 tonnes in FY2022, up from 65.81 tonnes in FY2021, marking a 4.7% increase [159]. - Emission intensity for CO2 was recorded at 0.47 tonnes per staff in FY2022, compared to 0.37 tonnes per staff in FY2021, showing a 27.0% increase [159]. - The Group aims to reduce GHG emissions intensity by 2% by 2026 compared to the baseline of 2021 [163]. - Non-hazardous waste generated was 4.47 tonnes in FY2022, down from 5.28 tonnes in FY2021, indicating a 15.4% reduction [164]. - The Group maintained zero business air travel during the year, promoting video conferencing to decrease carbon emissions [162]. - The consumption of electricity slightly increased due to office area expansion, but the Group encouraged public transportation for employees [162]. - Total electricity consumption increased to 170,814 kWh in FY2022 from 161,992 kWh in FY2021, representing a growth of approximately 6.5% [180]. - Electricity usage intensity rose to 1,162 kWh per staff member in FY2022, up from 904.98 kWh in FY2021, indicating a significant increase of about 28.4% [180]. - Total water consumption decreased to 95 m³ in FY2022 from 112.73 m³ in FY2021, reflecting a reduction of approximately 15.7% [183]. - Water consumption intensity slightly increased to 0.65 m³ per staff member in FY2022 from 0.63 m³ in FY2021 [183]. - The company aims to reduce electricity usage intensity to around 900 kWh per staff member in the coming year [174]. - The company has not encountered any significant issues in sourcing water that is fit for purpose and maintains low water consumption [181]. - The company has implemented measures to reduce paper waste, including duplex printing and electronic communication, but does not find setting a waste reduction target meaningful [171]. - The increase in energy consumption during the year is attributed to the expansion of office area to improve the working environment [174]. - The Group has established a comprehensive human resources framework covering compensation, recruitment, appraisal, dismissal, welfare, training, and development [193]. Human Resources and Employment Practices - A fair recruitment policy is in place, assessing candidates based solely on performance, experience, qualifications, and skills, without discrimination based on gender, age, race, or disability [194]. - The Group did not have any non-compliance incidents related to child or forced labor during the year [196]. - An annual appraisal process is conducted for employees, leading to appropriate salary adjustments and promotions [197]. - The Group offers an internship program for university students to nurture new talents in the construction industry, providing full-time training during summer vacations [199]. - All dismissals and terminations are conducted lawfully, with no instances of non-compliance reported regarding compensation, recruitment, or promotion practices [200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 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。 BOLTEK HOLDINGS LIMITED 寶 控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8601） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較在聯交所上市的其他公司帶有較高投資風險的中小型公司提供上 市市場。有意投資者應了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。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會較於聯交所 主板買賣的證券承受較大市場波動風險，同時無法保證在GEM買賣的證券會 有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有關本公 司的資料，寶燵控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我 們」）的董事（「董事」）願共同及個別對此負全責。董事經作出一切合 ...

Financial Performance - The company reported a significant increase in revenue for Q3 2022, achieving a total of $X million, representing a Y% growth compared to the previous quarter[2]. - Revenue for the three months ended September 30, 2022, was HK$37,621,000, representing a 31.1% increase from HK$28,700,000 in the same period of 2021[11]. - Gross profit for the nine months ended September 30, 2022, was HK$33,322,000, slightly up from HK$32,786,000 in the previous year, indicating a 1.6% increase[11]. - Profit before income tax for the three months ended September 30, 2022, was HK$882,000, down 82.0% from HK$4,913,000 in the same period of 2021[11]. - Profit attributable to owners of the Company for the nine months ended September 30, 2022, was HK$14,343,000, compared to HK$13,459,000 in 2021, reflecting a 6.5% increase[11]. - Revenue increased to approximately HK$116.5 million for the nine months ended 30 September 2022, up by approximately HK$26.2 million or 29.0% from HK$90.3 million for the corresponding period in 2021[43]. - The increase in revenue was driven by higher contract awards, an increase in technical staff enhancing productivity, and market recovery from COVID-19[43]. - The Group recorded a net profit of approximately HK$14.3 million for the nine months ended 30 September 2022, compared to HK$13.5 million for the same period in 2021, reflecting an increase due to government subsidies related to COVID-19 amounting to approximately HK$3.3 million[41]. - Adjusted net profit for the nine months ended 30 September 2022, excluding COVID-19 related subsidies, would have been approximately HK$11.1 million, with a decrease attributed to increased direct labor costs and subconsultancy fees[41]. Operational Efficiency - The company plans to enhance its supply chain efficiency, targeting a reduction in operational costs by H% over the next fiscal year[2]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[41]. - The increase in costs was primarily attributed to higher direct labor costs and subconsultancy fees[44]. - Administrative expenses for the three months ended September 30, 2022, increased to HK$7,054,000 from HK$5,318,000 in 2021, marking a 32.7% rise[11]. - Administrative expenses increased to approximately HK$21.2 million for the nine months ended September 30, 2022, an increase of approximately HK$3.9 million or 22.3% from approximately HK$17.3 million for the same period in 2021[47]. Strategic Initiatives - The company provided a positive outlook for the next quarter, projecting revenue growth of B% based on current market trends and user acquisition strategies[2]. - New product launches are expected to contribute an additional $C million in revenue, with anticipated market expansion into D regions[2]. - Market expansion efforts include potential acquisitions, with the company evaluating F targets to strengthen its market position[2]. - The management highlighted a strategic shift towards digital marketing, aiming to increase customer engagement by G%[2]. - A new partnership with I firm is expected to drive innovation and open new revenue streams, projected to add J million in the next fiscal year[2]. - The Company continues to focus on engineering consultancy services, with plans for market expansion and potential new product development in the upcoming quarters[12]. Corporate Governance - The company is committed to high standards of corporate governance to enhance stakeholder confidence[66]. - The company has adopted the Corporate Governance Code since September 13, 2018, to improve transparency and accountability[66]. - The Audit Committee, comprising three independent non-executive Directors, reviews financial statements and internal controls[71]. - The company has established an Audit Committee in compliance with GEM Listing Rules, responsible for recommending the appointment and remuneration of external auditors, reviewing financial statements, and overseeing risk management systems[76]. - The unaudited third-quarter results for the nine months ending September 30, 2022, have been reviewed by the Audit Committee members, who provided their recommendations and opinions[77]. - The company will regularly review the need to separate the roles of Chairman and CEO to maintain good corporate governance[66]. - Mr. Cheung Kwan Tar serves as both Chairman and CEO, providing strong leadership for effective management[66]. - No incidents of non-compliance with the GEM Listing Rules were noted for the nine months ended September 30, 2022[71]. Shareholder Information - As of 30 September 2022, Cheung Kwan Tar holds 426,000,000 shares, representing 53.25% of the Company[58]. - Major shareholder Waywin Investment Holding Limited holds 426,000,000 shares, representing 53.25% of the total shareholding[60]. - Cheng Chi Heng and Polar Lights Limited each hold 57,600,000 shares, accounting for 7.20% of the total shareholding[60]. - The company has not granted any share options under the Share Option Scheme since its adoption on August 20, 2018[70]. - No dividends have been proposed or paid by the Company or any of its subsidiaries during the nine months ended 30 September 2022[39]. - The Board does not recommend the payment of dividends for the nine months ended 30 September 2022, compared to nil for the same period in 2021[47].

Financial Performance - The unaudited consolidated revenue for the six months ended June 30, 2022, was reported at HKD 50 million, representing a 20% increase compared to HKD 41.67 million for the same period in 2021[13]. - The net profit for the six months ended June 30, 2022, was HKD 5 million, which is a 25% increase from HKD 4 million in the same period last year[13]. - Revenue for the three months ended June 30, 2022, was HK$41,871,000, representing a 39.8% increase from HK$29,960,000 in the same period of 2021[15]. - Gross profit for the six months ended June 30, 2022, was HK$28,705,000, up 25.8% from HK$22,834,000 in the prior year[15]. - Profit before income tax for the three months ended June 30, 2022, was HK$6,640,000, a 4.9% increase compared to HK$5,376,000 in the same period of 2021[15]. - For the six months ended June 30, 2022, the Group's total revenue was HK$78,839,000, representing a 28% increase from HK$61,580,000 in the same period of 2021[34]. - The Group recorded a net profit of approximately HK$13.1 million for the six months ended 30 June 2022, an increase of 42.0% compared to HK$9.2 million for the same period in 2021[98]. - Revenue increased to approximately HK$78.8 million, up by approximately HK$17.3 million or 28.0% from approximately HK$61.6 million for the corresponding period ended 30 June 2021[100]. User Engagement and Market Expansion - User data indicated a growth in active users by 15%, reaching a total of 150,000 users as of June 30, 2022, compared to 130,000 users in the previous year[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[13]. - New product development is underway, with an expected launch of two innovative products in Q4 2022, aimed at enhancing user engagement[13]. Research and Development - The company has allocated HKD 10 million for research and development in 2022, which is a 50% increase from HKD 6.67 million in 2021[13]. Future Guidance - Future guidance indicates an expected revenue growth of 25% for the next fiscal year, projecting revenues to reach HKD 62.5 million[13]. Operational Efficiency - The management emphasized a focus on improving operational efficiency, aiming for a 10% reduction in operational costs by mid-2023[13]. Cash Flow and Financial Position - The company reported a cash flow from operating activities of HKD 8 million for the six months ended June 30, 2022, compared to HKD 6 million in the same period last year, reflecting improved cash management[13]. - Cash and cash equivalents at the end of the period on June 30, 2022, were HK$79,016,000, an increase from HK$74,294,000 at the beginning of the period[22]. - Total equity as of June 30, 2022, was HK$184,526,000, up from HK$171,395,000 as of December 31, 2021[18]. - Net cash generated from operating activities for the six months ended June 30, 2022, was HK$7,213,000, down 34.0% from HK$11,062,000 in 2021[22]. - As of 30 June 2022, the Group's cash and bank balances amounted to HK$125.8 million, compared to HK$121.0 million in 2021[102]. - The Group had net current assets of HK$178.1 million as of 30 June 2022, an increase from HK$165.0 million in 2021[102]. - Total equity attributable to owners of the Company amounted to HK$184.5 million as of 30 June 2022, compared to HK$171.4 million in 2021[102]. Shareholder Information - As of June 30, 2022, Cheung Kwan Tar held 426,000,000 shares, representing a 53.25% shareholding in the Company[125]. - Chiu Chui Ping, as the spouse of Cheung Kwan Tar, also held 426,000,000 shares, equating to a 53.25% shareholding[133]. - Cheng Chi Heng owns 58,800,000 shares, accounting for 7.35% of the total shareholding[135]. - Polar Lights Limited and Wong Che Shing each hold 57,600,000 shares, both representing 7.20% of the total shareholding[135]. - Lam Mi Yung, through spousal interest, is deemed to hold 57,600,000 shares, equivalent to 7.20% of the total shareholding[135]. Corporate Governance - The audit committee, comprising three independent non-executive Directors, reviews financial statements and oversees financial controls[148]. - The company has complied with the Corporate Governance Code since its listing date, enhancing transparency and accountability[140]. - The unaudited interim results for the six months ended June 30, 2022, have been reviewed by the audit committee[149]. - No incidents of non-compliance regarding Directors' securities transactions were noted during the reporting period[141]. Capital Management - The Group manages its capital to ensure ongoing operations while maximizing returns to shareholders through optimizing the debt and equity balance[112]. - The Group's capital management strategy aims to ensure sustainability and maximize shareholder returns[112]. - The management reviews the capital structure periodically, considering the cost of capital and associated risks[112].

Financial Performance - Revenue for the three months ended March 31, 2022, was HK$36,968,000, representing an increase of 16.8% compared to HK$31,620,000 for the same period in 2021[11] - Gross profit for the period was HK$14,300,000, up 19.8% from HK$11,942,000 in the previous year[11] - Profit before income tax was HK$8,921,000, an increase of 55.5% from HK$5,743,000 in the same period last year[11] - Profit attributable to owners of the Company for the period was HK$7,696,000, compared to HK$4,869,000 in the prior year, marking a 58.5% increase[11] - Basic and diluted earnings per share for the period were 0.96 HK cents, up from 0.61 HK cents in the previous year[11] - For the three months ended March 31, 2022, the total comprehensive income was HK$7,696,000, compared to HK$4,869,000 for the same period in 2021, representing a 58.5% increase[13] - For the three months ended March 31, 2022, the Group recorded a net profit of approximately HK$7.7 million, an increase of 57.5% compared to HK$4.9 million for the same period in 2021[38] Costs and Expenses - Direct costs increased to HK$22,668,000, up from HK$19,678,000, reflecting a rise of 15.1%[11] - Administrative expenses decreased to HK$5,988,000 from HK$6,347,000, a reduction of 5.7%[11] - Finance costs increased slightly to HK$24,000 from HK$17,000, a rise of 41.2%[11] - Costs of revenue rose to approximately HK$22.7 million for the three months ended March 31, 2022, an increase of approximately HK$3.0 million or 15.2% from approximately HK$19.7 million for the same period in 2021[41] - Administrative expenses remained constant at approximately HK$6.0 million for the three months ended March 31, 2022, compared to approximately HK$6.3 million for the same period in 2021[41] Equity and Retained Earnings - The retained earnings at 31 March 2022 were HK$89,423,000, up from HK$66,364,000 at the same date in 2021, indicating a growth of 34.7%[13] - The total equity as of 31 March 2022 was HK$179,091,000, compared to HK$156,032,000 at the end of March 2021, reflecting an increase of 14.8%[13] Business Operations - The Company continues to focus on enhancing operational efficiency and exploring market expansion opportunities[11] - The Group operates as a single segment focused on engineering consultancy services, with no segment analysis presented[29] - The Group's revenue, derived from engineering consultancy services, is recognized in the ordinary course of business[25] - The increase in net profit was primarily due to an increase in the number of technical staff and projects awarded, enhancing productivity[38] - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[38] - The Group is cautiously optimistic about its business outlook due to an increasing number of project quotation invitations received from potential and current customers[38] Corporate Governance - The company has complied with the Corporate Governance Code throughout the three months ended March 31, 2022[62] - The Company is committed to enhancing corporate governance practices to increase transparency and accountability to shareholders[62] - The Company has established an Audit Committee in compliance with GEM Listing Rules, comprising three independent non-executive Directors[71] - The unaudited first quarterly results for the three months ended 31 March 2022 have been reviewed by the Audit Committee members[72] - There were no incidences of non-compliance regarding Directors' securities transactions for the three months ended March 31, 2022[64] Shareholding Structure - As of March 31, 2022, Cheung Kwan Tar holds 426,000,000 shares in the company, representing a 53.25% shareholding[52] - Chiu Chui Ping is deemed to have an interest in 426,000,000 shares through her spouse, Cheung Kwan Tar, also reflecting a 53.25% shareholding[60] - Waywin Investment Holding Limited, a controlled corporation of Cheung Kwan Tar, holds 426,000,000 shares, equating to 53.25% of the company[57] - Cheng Chi Heng holds 58,800,000 shares, representing 7.35% of the company[57] - Polar Lights Limited, controlled by Wong Che Shing, holds 57,600,000 shares, which is 7.20% of the company[57] - Lam Mi Yung is deemed to have an interest in 57,600,000 shares through her spouse, Wong Che Shing, representing 7.20%[60] - Qiu Jianlian is deemed to have an interest in 57,600,000 shares through her spouse, Lam Kwan Yuen, also representing 7.20%[60] - As of March 31, 2022, no other directors or chief executives had interests or short positions in the shares of the company recorded in the required register[60] Compliance and Reporting - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[17] - The unaudited financial statements are presented in Hong Kong dollars (HK$), rounded to the nearest thousand (HK$'000)[18] - The report is dated 6 May 2022, indicating the timeliness of the financial information presented[76] - The Company is incorporated in the Cayman Islands and listed under stock code 8601[78] Future Outlook - The report does not provide future outlook or performance guidance for the upcoming quarters[68] - The Company has not disclosed specific financial performance metrics or user data in the provided documents[68] - There is no mention of new product or technology development in the provided content[68] - The Company has not indicated any market expansion or acquisition strategies in the available documents[68] Share Options - No share options have been granted under the Share Option Scheme since its adoption on 20 August 2018[65] - There were no dividends proposed or paid by the Company or any of its subsidiaries during the three months ended March 31, 2022[36]

Company Overview - The company is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange under stock code 8601[1] - The company’s headquarters is located in Tsim Sha Tsui, Kowloon, Hong Kong[12] - The principal banker for Boltek Holdings Limited is Bank of China (Hong Kong) Limited[15] - The auditor for the company is Grant Thornton Hong Kong Limited, ensuring the accuracy of financial reporting[15] Financial Performance - For the year ended 31 December 2021, Boltek Holdings Limited recorded total revenue of approximately HK$129.9 million, representing an increase of approximately 16.1% compared to HK$111.9 million for the year ended 31 December 2020[18] - The profit attributable to equity holders of the Company for the year was approximately HK$20.2 million, a decrease from approximately HK$24.0 million for the year ended 31 December 2020[18] - The decrease in profit was mainly due to a reduction in COVID-19 related government subsidies received and expected credit loss provisions[18] - The Group's gross profit for the Year was approximately HK$45.4 million, remaining stable compared to HK$45.4 million for the year ended 31 December 2020[79] - Other income and gains decreased by approximately HK$6.8 million, from HK$8.1 million in 2020 to approximately HK$1.3 million for the Year, primarily due to a reduction in government subsidies related to COVID-19[79] - Administrative expenses decreased to approximately HK$22.8 million, down by approximately HK$3.3 million or 12.8% from HK$26.1 million for the year ended 31 December 2020[79] - The Group recorded a profit of approximately HK$20.2 million for the Year, a decrease from HK$24.0 million in the previous year, primarily due to a reduction in COVID-19 related government subsidies[68] - Revenue increased to approximately HK$129.9 million for the Year, up by approximately HK$18.0 million or 16.1% from HK$111.9 million for the year ended 31 December 2020, mainly due to an increase in projects awarded[75] - Cost of services rose to approximately HK$84.5 million for the Year, an increase of approximately HK$18.4 million or 27.9% from HK$66.1 million in the previous year, driven by higher salaries and bonuses for technical staff[76] Market and Business Strategy - The Group's management discussion highlights key strategies for market expansion and potential new product developments[8] - Boltek Holdings Limited plans to utilize the net proceeds from the Listing to expand its service capacity and improve operational efficiency and profitability[22] - The Group aims to expand its team of professionals to enhance technical capabilities for future project bids[22] - The Group focuses on infrastructure developments, covering civil engineering, traffic engineering, and building engineering[66] - The Group's strategy includes undertaking more projects to enhance shareholder value[70] - The Board remains cautiously optimistic about the Group's business outlook based on accumulated expertise and experiences in the industry[22] - Boltek Holdings Limited will take appropriate measures to improve operating efficiency and proactively seek profitable projects to mitigate adverse impacts[22] - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[70] Corporate Governance - The report outlines the composition of the Board of Directors and various committees overseeing corporate governance[10] - The company emphasizes the importance of independent judgment in its governance structure to ensure transparency and accountability[46] - The company aims to enhance its corporate governance and compliance through the expertise of its independent directors[46] - The board includes members with significant legal and engineering backgrounds, enhancing its decision-making capabilities[44] Human Resources and Employee Welfare - The Group employed a total of 179 employees as of December 31, 2021, all based in Hong Kong, with a higher proportion of male employees due to the nature of the business[164] - The turnover rate for the Group was 25% during the year, totaling 44 permanent employees, with a turnover rate of approximately 25% for male employees and 22% for female employees[171] - The Group has implemented a fair recruitment policy, assessing candidates based solely on performance, experience, and skills, regardless of gender, age, race, family status, religion, or disability[164] - Employees are entitled to various types of leave, including sickness, marriage, funeral, maternity leave, and statutory holidays, along with a day of vaccination leave introduced during the year[174] - The Group aims to enhance employee welfare and belonging through comprehensive benefits and a supportive work environment[174] - The Group's training participation rates were 50% for male employees and 51% for female employees, with average training durations of 4.5 hours and 5.7 hours respectively[180] - The Group offers training sponsorship for courses relevant to employees' job duties to encourage self-learning and development[180] - The Group has implemented measures to ensure staff health and safety during the COVID-19 pandemic, including hygiene requirements and temperature checks[180] Environmental, Social, and Governance (ESG) Initiatives - The Group is committed to improving standards of Corporate Social Responsibility (CSR) and complies with ESG reporting requirements[97] - The Group identified key ESG topics including emissions, energy saving, waste management, employment, development and training, anti-corruption, and community investment[121] - Nitrogen Oxides (NOX) emissions decreased from 3,520.57 grams in FY2020 to 2,795.49 grams in FY2021, representing a reduction of approximately 20.6%[129] - Sulphur Oxides (SOX) emissions decreased from 62.30 grams in FY2020 to 31.87 grams in FY2021, a reduction of approximately 48.9%[129] - Direct GHG emissions from mobile combustion sources decreased from 10.61 tonnes in FY2020 to 5.12 tonnes in FY2021, a reduction of approximately 51.7%[133] - The Group aims to reduce GHG emissions by 2% by the year 2026, using FY2021 as the baseline, by transitioning to hybrid vehicles[133] - The Group's electricity-related CO2 emissions decreased from 83.80 tonnes in FY2020 to 59.94 tonnes in FY2021, a reduction of approximately 28.5%[133] - The Group did not receive any notices of non-compliance regarding emissions or pollution regulations during the year[133] - The Group encourages employees to use public transportation, contributing to a reduction in vehicle emissions[133] - The Group is committed to environmental protection and aims to control emissions, energy consumption, and paper waste during daily operations to support sustainable development[200] Community Engagement and Donations - The Group made a donation of approximately HK$130,000 to Lifewire, a crowdfunding platform for healthcare in Hong Kong, to support urgent medical care for children with rare diseases[197] - The Group donated over HK$100,000 to Sing Tao Charitable Foundation, which provides financial assistance to those in need, including educational opportunities for young people through loans and scholarships[199] Compliance and Risk Management - The Group regularly reviews its human resource policies to ensure compliance with laws and regulations[87] - The Group did not have any contingent liabilities as of 31 December 2021, consistent with the previous year[85] - The Group maintained a conservative treasury policy, ensuring a healthy liquidity position throughout the Year[85] - The Group did not have any significant investments or material acquisitions during the year[87] - The Group's capital management aims to maximize returns to shareholders while ensuring ongoing operations[91] - All of the Group's assets and liabilities are mainly denominated in Hong Kong dollars or Renminbi, with no significant foreign exchange risk identified[94]

Financial Performance - Boltek Holdings Limited reported a significant increase in revenue for the third quarter of 2021, achieving a total of $10 million, representing a 25% growth compared to the same period last year[4]. - Revenue for the three months ended September 30, 2021, was HK$28,700,000, representing a 10.5% increase from HK$25,055,000 in the same period of 2020[11]. - Gross profit for the nine months ended September 30, 2021, was HK$32,786,000, up 9.4% from HK$29,787,000 in the previous year[11]. - Profit before income tax for the three months ended September 30, 2021, was HK$4,913,000, a decrease of 22.6% compared to HK$6,352,000 in 2020[11]. - Profit attributable to owners of the Company for the nine months ended September 30, 2021, was HK$13,459,000, slightly down from HK$13,992,000 in the same period of 2020[11]. - The total comprehensive income for the period attributable to owners of the Company for the three months ended September 30, 2021, was HK$4,242,000, compared to HK$5,853,000 in 2020[11]. - For the nine months ended 30 September 2021, the Group recorded a net profit of approximately HK$13.5 million, compared to HK$14.0 million for the same period in 2020[46]. - The Group's revenue increased to approximately HK$90.3 million for the nine months ended 30 September 2021, representing an increase of approximately HK$14.3 million or 18.9% from approximately HK$75.9 million for the corresponding period in 2020[48]. Operational Efficiency - Boltek Holdings Limited has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in operational costs by the next fiscal year[4]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[46]. - The increase in adjusted net profit for the period was mainly due to the increase in the number of technical staff, enhancing the Group's productivity[46]. - The increase in cost of revenue was mainly attributed to higher direct labor costs[52]. Market Expansion and Development - Boltek Holdings Limited is planning to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[4]. - The company is actively investing in new product development, with a budget allocation of $2 million for research and development in innovative technologies[4]. - The company is considering strategic acquisitions to enhance its product offerings, with potential targets identified in the technology sector[4]. - The company has established a new partnership with a leading tech firm to enhance its service capabilities, expected to launch in Q1 2022[4]. Shareholder Information - As of September 30, 2021, Cheung Kwan Tar holds 426,000,000 shares, representing 53.25% of the company's total shareholding[64]. - Waywin Investment Holding Limited holds 426,000,000 shares, representing 53.25% of the total shareholding[66]. - Cheng Chi Heng owns 58,800,000 shares, accounting for 7.35% of the total shareholding[66]. - Polar Lights Limited, a controlled corporation of Wong Che Shing, holds 57,600,000 shares, which is 7.20% of the total shareholding[66]. - Lam Mi Yung is deemed to be interested in 57,600,000 shares through her spouse, Wong Che Shing, representing 7.20%[71]. Corporate Governance - The company is committed to high standards of corporate governance to enhance confidence among shareholders and business partners[72]. - The company has complied with the Corporate Governance Code throughout the nine months ended September 30, 2021[72]. - The company established an Audit Committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors[82]. - The Audit Committee comprises three independent non-executive Directors, ensuring compliance with financial reporting and risk management[77]. - The financial statements and reports are subject to review and recommendations by the Audit Committee[82]. - The unaudited third-quarter results for the nine months ending September 30, 2021, have been reviewed by the Audit Committee members[83]. Earnings and Dividends - Basic and diluted earnings per share for the three months ended September 30, 2021, was 0.53 HK cents, compared to 0.73 HK cents in 2020[11]. - Administrative expenses for the nine months ended September 30, 2021, were HK$17,351,000, a decrease from HK$18,866,000 in the previous year[11]. - The Board does not recommend the payment of dividends for the nine months ended September 30, 2021, consistent with the previous period[55]. - The company did not recommend any dividend payments for the current reporting period, maintaining a consistent policy from the previous year[55].