Credit Loss Provisions - The expected credit loss provision for trade receivables is HKD 7,432,108, while the provision for other receivables is HKD 3,300,000[2]. - The expected credit loss provision for a specific customer, primarily engaged in construction services, amounts to approximately HKD 7,241,000[3]. - The customer has been unable to settle outstanding payments due to cash flow constraints from major contractors, impacting their ability to pay for machinery rental services[5]. - The company has recognized a full impairment provision for the overdue receivables as of December 31, 2023, considering the long-standing overdue status[10]. Sale Agreement Details - The sale agreement with a buyer involved a total consideration of HKD 8,300,000, with HKD 2,000,000 paid in cash at completion and the remaining HKD 6,300,000 due within one year[7]. - As of December 31, 2023, the outstanding balance owed by the buyer is HKD 3,300,000, which corresponds to the total amount disclosed in the annual report[8]. - The company believes the likelihood of recovering the outstanding balance from the buyer is low, given the lack of communication from the buyer since the end of 2023[9]. Announcement Compliance - The announcement complies with GEM listing rules and aims to provide relevant company information[12]. - Directors confirm that the information contained in the announcement is accurate and complete in all material aspects[12]. - The announcement will be published on the Hong Kong Stock Exchange website for at least seven consecutive days[12].

Financial Performance - For the six months ended June 30, 2024, the company's revenue was HKD 7,453,571, a decrease of 30% compared to HKD 10,663,824 for the same period in 2023[8]. - Gross profit for the same period was HKD 710,615, down 74% from HKD 2,743,264 in 2023[8]. - The company reported a loss of HKD 12,735,955 for the period, which is a 27% increase compared to a loss of HKD 10,037,162 in the previous year[8]. - Loss excluding gains or losses from the sale of machinery and equipment and losses from the sale of subsidiaries was HKD 12,733,960, representing a 48% increase from HKD 8,612,779 in 2023[8]. - The company reported a loss before tax of HKD 12,735,955, compared to a loss of HKD 10,568,593 in the previous year, indicating a worsening financial performance[45]. - The group recorded a net loss of approximately HKD 12.7 million for the six months ended June 30, 2024, compared to a net loss of approximately HKD 10.0 million for the same period in 2023, representing an increase of 27%[25]. - The basic and diluted loss per share for the six months ended June 30, 2024, was HKD 1.48, compared to HKD 1.16 in the same period of 2023[45]. - The company reported a pre-tax loss of HKD 10,568,593 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 10,037,162 for the same period in 2023[64]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HKD 7,453,571, a decrease of 30.7% compared to HKD 10,663,824 for the same period in 2023[60]. - Construction services revenue amounted to HKD 4,186,148, up 74.8% from HKD 2,394,153 in the previous year[60]. - Machine rental income decreased to HKD 2,168,419 from HKD 7,289,656, representing a decline of 70.2%[60]. - Loan interest income increased significantly to HKD 522,000 from HKD 150,000, marking a growth of 248%[60]. - The geographical revenue breakdown indicated HKD 7,260,469 from Hong Kong and HKD 193,102 from Japan[60]. Operational Challenges - The economic environment in Hong Kong and China continues to face significant challenges, impacting the company's operations[6]. - The company acknowledges the pressure on its operations due to unfavorable investment sentiment and market volatility[6]. - The management is concentrating efforts on providing a broader range of services in response to the adverse investment climate[6]. - The company expressed gratitude for the continued support from shareholders and business partners amid the challenging market conditions[6]. Cash Flow and Liquidity - The group had cash and bank balances of approximately HKD 3.3 million as of June 30, 2024, down from approximately HKD 11.1 million as of December 31, 2023, indicating a decrease of 70.3%[26]. - The net cash used in operating activities for the six months ended June 30, 2024, was HKD (6,298,803), compared to HKD (1,793,740) for the same period in 2023, indicating a significant increase in cash outflow[50]. - The total cash and cash equivalents decreased to HKD 3,333,645 as of June 30, 2024, down from HKD 5,659,959 at the end of the same period in 2023, showing a decline in liquidity[50]. - The cash and cash equivalents at the beginning of the period were HKD 11,116,565, compared to HKD 7,462,725 at the same time last year, highlighting a substantial initial cash position[50]. - The impact of foreign exchange fluctuations resulted in a decrease of HKD (83,506) in cash and cash equivalents during the period[50]. Administrative and Operating Expenses - Administrative expenses increased to approximately HKD 11.3 million for the six months ended June 30, 2024, up from approximately HKD 8.4 million for the same period in 2023, reflecting a rise of 34.5%[23]. - The company's sales and service costs decreased to approximately HKD 6.7 million for the six months ended June 30, 2024, from approximately HKD 7.9 million for the same period in 2023, primarily due to reduced depreciation of machinery and equipment[21]. - The company’s administrative expenses, sales and distribution expenses, and financing costs contributed to the overall pre-tax loss, totaling HKD 9,493,157[62]. Assets and Liabilities - Total assets less current liabilities as of June 30, 2024, were HKD 27,101,625, a significant decrease from HKD 40,129,961 as of December 31, 2023[47]. - The company's net assets as of June 30, 2024, were HKD 26,911,560, down from HKD 39,692,704 at the end of 2023[47]. - The total liabilities reached 14,560,011 as of June 30, 2024, compared to 5,094,974 as of December 31, 2023, reflecting an increase of around 186.5%[74]. - Trade payables increased to 5,253,125 as of June 30, 2024, compared to 1,055,213 as of December 31, 2023, marking a rise of about 396.5%[74]. - The company recorded accrued expenses of 6,784,916 as of June 30, 2024, up from 4,014,277 as of December 31, 2023, indicating a growth of approximately 68.5%[74]. Shareholder and Governance - The company did not declare or pay any dividends for the six months ended June 30, 2024, nor since the reporting period[69]. - The number of issued and fully paid ordinary shares remained at 864,000,000 as of June 30, 2024, unchanged from December 31, 2023[76]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with relevant regulations[79]. - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim results for the six months ended June 30, 2024, and found them compliant with applicable accounting standards[92].

Company Overview - World Super Holdings Limited announced its unaudited consolidated interim results for the six months ending June 30, 2024[1]. - The company is registered in the Cayman Islands and trades under stock code 8612[4]. - The company operates from its headquarters located at 34/F, AIA Tower, 183 Electric Road, North Point, Hong Kong[8]. - The board includes executive directors and independent non-executive directors, ensuring a diverse governance structure[8]. Financial Performance - Revenue for the six months ended June 30, 2024, was approximately HKD 7.45 million, a decrease of 30% compared to HKD 10.66 million for the same period in 2023[11]. - Gross profit for the same period was HKD 710,615, down 74% from HKD 2.74 million in 2023[11]. - The net loss for the six months ended June 30, 2024, was HKD 12.74 million, an increase of 27% from a loss of HKD 10.04 million in 2023[11]. - Total revenue decreased from approximately HKD 10.7 million for the six months ended June 30, 2023, to approximately HKD 7.5 million for the six months ended June 30, 2024, a decline of about 30%[23]. - The company reported a loss before tax of HKD 12,735,955, compared to a loss of HKD 10,568,593 in the previous year, indicating a deterioration in financial performance[48]. - The company reported a pre-tax loss of HKD 12,650,547 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 10,568,593 in the same period of 2023[67]. Revenue Breakdown - The construction services revenue, particularly from the Hong Kong market, was negatively impacted due to a decline in the total trading volume of the Hong Kong stock market, which fell by approximately 30%[11]. - Revenue from foundation engineering increased to approximately HKD 4.2 million, up from HKD 2.4 million in the previous year[16]. - The revenue from machinery leasing services decreased from approximately HKD 7.3 million to HKD 2.2 million due to reduced demand for the owned leasing fleet[13]. - Loan interest income from the lending business was approximately HKD 522,000, a significant increase from HKD 150,000 in the same period last year[20]. - Construction services revenue amounted to HKD 4,186,148 for the six months ended June 30, 2024, compared to HKD 2,394,153 in 2023, indicating an increase of approximately 74.7%[63]. - Machinery leasing income decreased to HKD 2,168,419 for the six months ended June 30, 2024, down from HKD 7,289,656 in 2023, reflecting a decline of approximately 70.2%[63]. Expenses and Liabilities - Administrative expenses increased to approximately HKD 11.3 million for the six months ended June 30, 2024, up from approximately HKD 8.4 million for the same period in 2023[26]. - The total liabilities increased to HKD 19,343,843 as of June 30, 2024, from HKD 10,470,082 as of December 31, 2023, indicating a rise of approximately 84.5%[50]. - The company incurred a total comprehensive expense of HKD (10,037,162) for the six months ended June 30, 2023, and HKD (12,781,144) for the same period in 2024, indicating an increase in losses[51]. Cash Flow and Assets - Cash and bank balances decreased to approximately HKD 3.3 million as of June 30, 2024, down from approximately HKD 11.1 million as of December 31, 2023[29]. - The net cash used in operating activities for the six months ended June 30, 2024, was HKD (6,298,803), compared to HKD (1,793,740) for the same period in 2023, indicating a significant increase in cash outflow[53]. - As of June 30, 2024, the total assets decreased to HKD 27,101,625 from HKD 40,129,961 as of December 31, 2023, representing a decline of approximately 32.5%[50]. Corporate Governance - The announcement complies with the GEM Listing Rules, ensuring the accuracy and completeness of the information provided[3]. - The board of directors collectively and individually accepts full responsibility for the accuracy of the announcement[3]. - The company is committed to high standards of corporate governance and has adhered to the GEM Listing Rules during the reporting period[94]. - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards[95]. Risk Management - The company emphasizes the potential risks associated with investing in GEM-listed companies, which are generally smaller and may have higher volatility[5]. - The company faced operational, credit, and market risks, with management actively monitoring and managing these risks[32][34][35]. - The company faced risks related to a concentrated customer base, which could adversely affect operations and financial performance if major customers experience losses[45]. Employee and Shareholder Information - Total employee costs for the six months ended June 30, 2024, were approximately HKD 6.0 million, an increase from HKD 5.5 million in the same period of 2023[40]. - The company employed 15 full-time employees and 2 part-time employees as of June 30, 2024, compared to 13 full-time and 2 part-time employees in the previous year[40]. - The basic loss per share attributable to the company's owners for the six months ended June 30, 2024, was HKD (1.48), compared to HKD (1.16) for the same period in 2023, reflecting an increase in loss[73]. - The total number of issued ordinary shares remained at 864,000,000 for both June 30, 2024, and December 31, 2023[79].

Financial Performance - The total revenue from continuing operations for the year ended December 31, 2023, was approximately HKD 23.1 million, representing an increase of about 41.7% or HKD 6.8 million compared to HKD 16.3 million for the year ended December 31, 2022[14]. - The annual loss from continuing operations decreased from approximately HKD 33.2 million for the year ended December 31, 2022, to approximately HKD 36.7 million for the year ended December 31, 2023, primarily due to increased losses from the sale of machinery and equipment, impairment losses under expected credit loss models, and increased administrative expenses[18]. - The company reported a gross profit of HKD 3.6 million for the year ended December 31, 2023, down from HKD 5.1 million in 2022[14]. - The total gross profit from continuing operations for the year ended December 31, 2023, was approximately HKD 3.6 million, a decrease of about HKD 1.5 million or 29.4% from approximately HKD 5.1 million for the previous year[22]. - The company's loss for the year increased from approximately HKD 33.2 million for the year ended December 31, 2022, to approximately HKD 36.7 million for the year ended December 31, 2023[22]. - The gross profit margin for the year ended December 31, 2023, decreased to approximately 15.6%[22]. - The cost of sales and services rose to approximately HKD 19.5 million for the year ended December 31, 2023, up from approximately HKD 11.3 million for the year ended December 31, 2022, primarily due to increased subcontracting costs in the construction services segment[46]. - Other income, gains or losses increased from approximately HKD 2.4 million for the year ended December 31, 2022, to approximately HKD 5.3 million for the year ended December 31, 2023, mainly due to losses from the sale of machinery and equipment[49]. Assets and Liabilities - Total assets as of December 31, 2023, were HKD 50.6 million, a decrease from HKD 102.1 million in 2022[14]. - Total liabilities as of December 31, 2023, were HKD 10.9 million, down from HKD 25.7 million in 2022[14]. - The net asset value as of December 31, 2023, was HKD 39.7 million, compared to HKD 76.4 million in 2022[14]. - The company experienced a significant reduction in total liabilities, indicating improved financial stability[14]. - As of December 31, 2023, the total amount of outstanding loans (before credit loss provisions) was HKD 5,800,000, with credit loss provisions amounting to approximately HKD 81,000[38]. - The loan portfolio included two outstanding loans from corporate borrowers, which accounted for 100% of the total outstanding loans[38]. Revenue Sources and Business Segments - The construction services segment generated revenue of HKD 8.0 million for the year ended December 31, 2023, compared to zero revenue in the previous year[30]. - Revenue from machinery rental services decreased from approximately HKD 16.0 million for the year ended December 31, 2022, to approximately HKD 9.9 million for the year ended December 31, 2023[24]. - Total sales from the trading of machinery, tools, and parts increased from approximately HKD 36,000 to approximately HKD 4.0 million for the year ended December 31, 2023[27]. - Revenue from transportation and other services increased from approximately HKD 0.3 million to approximately HKD 0.8 million for the year ended December 31, 2023[28]. - The company aims to diversify its revenue sources and enhance shareholder value by exploring various business opportunities in response to market conditions[20]. - The company remains optimistic about the growth in construction tender numbers and the rental services market in Hong Kong, driven by favorable government policies and industry trends[20]. Employee and Administrative Expenses - As of December 31, 2023, the company employed 15 full-time employees and 2 part-time employees, with total employee costs of approximately HKD 11.3 million, up from HKD 10.4 million in 2022[74]. - Administrative expenses increased to approximately HKD 19.9 million for the year ended December 31, 2023, from approximately HKD 14.2 million for the year ended December 31, 2022, primarily due to higher employee costs and short-term operating lease rentals[51]. Corporate Governance - The company has adopted and complied with the GEM Listing Rules Appendix C1 Corporate Governance Code as of December 31, 2023, with a board consisting of eight members, including five executive directors and three independent non-executive directors[91]. - The company does not have a defined dividend policy, and future dividends will be decided based on various factors including current market conditions and financial performance[92]. - The company is committed to continuously reviewing its corporate governance practices to enhance standards and meet regulatory requirements[93]. - The company has established a whistleblowing policy in its operational manual to report any violations, emphasizing ethical values and fraud prevention[64]. - The company has implemented a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[95]. - The board is collectively responsible for overseeing the company's affairs and developing business strategies to enhance shareholder value[97]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has set various ESG-related goals, which are reviewed annually by business and functional department representatives[155]. - The company has identified key ESG focus areas, including greenhouse gas emissions, occupational health and safety, and product quality and safety[154]. - The group conducted a materiality assessment in 2023 to identify significant ESG issues, which will guide strategic planning and reporting priorities[172]. - The group aims to enhance its ESG effectiveness and create greater value for the community through active stakeholder collaboration[169]. - The ESG report emphasizes the importance of stakeholder engagement, with a focus on government compliance, shareholder value creation, and customer service quality[169]. - The company has implemented measures to manage energy consumption and reduce waste, including recycling and energy-efficient practices[194][196]. Risk Management and Internal Controls - The company has engaged an independent internal control consultant to review its risk management and internal control systems annually[140]. - The company's board has delegated the responsibility of reviewing risk management and internal control matters to the audit committee[140]. - The board conducted an annual review of the mechanisms in place to ensure independence and found them to be adequately implemented[132]. - The company is committed to ensuring compliance with the GEM Listing Rules and the Securities and Futures Ordinance regarding the handling and disclosure of inside information[141].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue of HKD 23,088,446, an increase of 41.2% compared to HKD 16,341,937 in 2022[5] - The cost of sales and services rose to HKD 19,486,560, up 73.4% from HKD 11,260,602 in the previous year, resulting in a gross profit of HKD 3,601,886, down 29.1% from HKD 5,081,335[5] - The company recorded a loss before tax of HKD 38,887,071, slightly higher than the loss of HKD 37,594,725 in 2022, indicating a year-over-year increase of 3.4%[5] - The net loss attributable to owners for the year was HKD 36,727,040, compared to a loss of HKD 33,228,690 in 2022, reflecting an increase of 15.0%[6] - Basic and diluted loss per share from continuing and discontinued operations was HKD 4.25, compared to HKD 3.92 in the previous year, representing a 8.4% increase[6] - The total comprehensive loss for the year was HKD 36,727,040, compared to a loss of HKD 33,515,440 in the previous year[12] - The group reported a pre-tax loss of HKD 38,887,071 for the year ended December 31, 2023, compared to a pre-tax loss of HKD 37,881,475 in 2022[28] - The group's net loss for the year ended December 31, 2023, increased to approximately HKD 36.7 million from approximately HKD 33.2 million in 2022, primarily due to increased losses from the sale of machinery and equipment and higher administrative expenses[68] Assets and Liabilities - Total assets increased to HKD 78,579,775 in 2023 from HKD 40,129,961 in 2022, marking a significant growth of 95.5%[8] - Current liabilities surged to HKD 23,519,199, up from HKD 10,470,082 in 2022, indicating a 125.0% increase[8] - The company's net asset value decreased from HKD 76,419,744 in 2022 to HKD 39,692,704 in 2023, representing a decline of approximately 48.0%[10] - Total assets as of December 31, 2023, amounted to HKD 50,600,043, a decrease from HKD 102,098,974 in the previous year[32] - Total liabilities as of December 31, 2023, were HKD (10,907,339), compared to HKD (25,679,230) in the previous year, indicating a significant reduction[32] - Total liabilities increased from HKD 2,812,841 in 2022 to HKD 5,094,974 in 2023, representing an increase of approximately 81%[52] Revenue Streams - The group's revenue from continuing operations for the year ended December 31, 2023, was HKD 23,088,446, an increase from HKD 16,341,937 in 2022, representing a growth of approximately 41.3%[26] - Machine rental income decreased to HKD 9,910,419 in 2023 from HKD 15,979,747 in 2022, reflecting a decline of about 38.8%[26] - The total sales revenue from the sale of machinery, tools, and parts increased significantly to HKD 3,981,456 in 2023 from HKD 35,500 in 2022[26] - Construction services revenue amounted to HKD 7,964,271 in 2023, with no revenue reported in 2022, indicating a new revenue stream for the group[26] - The group's loan business generated revenue of HKD 420,000 in 2023, marking a new income source[26] - The group's transportation and other services revenue increased to HKD 812,300 in 2023 from HKD 326,690 in 2022, reflecting a growth of approximately 148.5%[26] Management and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - The company is actively exploring strategic partnerships and potential acquisitions to enhance its market position and operational capabilities[5] - Management anticipates challenges in the upcoming fiscal year due to global economic uncertainties, projecting a decline in global economic growth from 3.5% in 2022 to 3.0% in 2023 and 2024[55] - The company plans to adopt a cautious approach to manage business operations and financial resources during challenging times[55] - The company remains optimistic about the construction market outlook despite uncertainties in public and private sector projects in Hong Kong[56] Financial Reporting and Compliance - The company has adopted new Hong Kong Financial Reporting Standards, which may impact its financial reporting and disclosures going forward[19] - The group expects that the application of new Hong Kong Financial Reporting Standards will not have a significant impact on its consolidated financial statements in the foreseeable future[23] - The audit committee has reviewed the financial performance for the year ending December 31, 2023, confirming compliance with applicable accounting policies and regulations[99] - The announcement complies with GEM listing rules and aims to provide relevant information about the company[105] - The board of directors confirms the accuracy and completeness of the information provided in the announcement[105] Employee and Management Compensation - The total compensation for key management personnel increased from HKD 3,435,246 in 2022 to HKD 5,115,100 in 2023, an increase of approximately 49%[54] - The total employee cost for the year ended December 31, 2023, was approximately HKD 10.6 million, compared to approximately HKD 14.8 million for the year ended December 31, 2022[84] Dividends and Share Capital - The company did not recommend any dividend payments for the fiscal year ended December 31, 2023, consistent with the previous year[41] - The board does not recommend the payment of any final dividend for the year ended December 31, 2023[87] - The company has not established a dividend policy and will consider various factors before declaring any future dividends[94] Other Information - The company has been involved in providing rental services for construction machinery primarily in Hong Kong and Macau, indicating a focus on the construction sector[15] - The company plans to expand its market presence and enhance its service offerings, including the provision of construction engineering and related services[15] - The company is preparing for the implementation of changes in long-term service payment regulations effective May 1, 2025, which may affect its financial obligations[20] - There have been no significant post-balance sheet events after December 31, 2023[100] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year and up to the announcement date[101] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website[104] - The annual report for the year ending December 31, 2023, will be sent to shareholders and available for viewing on the relevant websites[104]

Financial Performance - For the nine months ended September 30, 2023, the company reported revenue of HKD 16,509,590, an increase of 12.1% compared to HKD 14,724,298 for the same period in 2022[6] - The gross profit for the nine months ended September 30, 2023, was HKD 3,408,463, down 45.4% from HKD 6,277,800 in the previous year[6] - The company incurred a loss before tax of HKD 18,837,573 for the nine months ended September 30, 2023, compared to a loss of HKD 13,728,808 for the same period in 2022, representing a 37.1% increase in losses[6] - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 2.07, compared to HKD 1.55 for the same period in 2022, reflecting a 33.5% increase in loss per share[6] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 17,857,990, compared to HKD 13,442,677 for the same period in 2022, indicating a 32.8% increase in total comprehensive loss[7] - The company reported a net cash outflow from operating activities of HKD 15,000,000 for the nine months ended September 30, 2023[6] - The company’s total equity as of September 30, 2023, was HKD 58,561,754, a decrease from HKD 76,419,744 as of January 1, 2023[7] - The loss attributable to the company's owners increased from approximately HKD 13.4 million for the nine months ended September 30, 2022, to approximately HKD 17.9 million for the same period in 2023[36] Revenue Breakdown - Revenue from machinery leasing for the nine months ended September 30, 2023, was HKD 9,047,926, a decrease of 37.5% compared to HKD 14,419,108 for the same period in 2022[15] - Total sales for the nine months ended September 30, 2023, reached HKD 16,509,590, an increase of 12.0% from HKD 14,724,298 in the previous year[15] - Construction services revenue for the nine months ended September 30, 2023, amounted to HKD 6,149,250, with no revenue reported for the same period in 2022[15] - Interest income from lending services for the nine months ended September 30, 2023, was HKD 285,000, compared to zero for the same period in 2022[16] Expenses and Costs - The cost of sales and services increased to approximately HKD 13.1 million for the nine months ended September 30, 2023, from about HKD 8.4 million for the same period in 2022[31] - Administrative expenses rose to approximately HKD 14.1 million for the nine months ended September 30, 2023, compared to about HKD 10.9 million for the same period in 2022[33] - Deferred tax expense for the nine months ended September 30, 2023, was HKD 979,583, an increase of 71.1% from HKD 572,611 in the previous year[17] - Other net expenses for the nine months ended September 30, 2023, were approximately HKD 3.1 million, a decrease from about HKD 4.2 million for the same period in 2022[32] Future Plans and Strategies - The company plans to expand its market presence and invest in new product development to drive future growth[6] - The company continues to focus on cost management strategies to mitigate losses and improve financial performance moving forward[6] - The company plans to focus on its core business despite uncertainties in the public and private sector construction projects in Hong Kong[28] Shareholder Information - The company did not declare or pay any dividends for the nine months ended September 30, 2023, and has no plans to do so[19] - As of September 30, 2023, Mr. Su holds 27,625,000 shares, representing approximately 3.20% of the company's equity[41] - Major shareholder Mr. Li holds 51,970,000 shares, accounting for approximately 6.02% of the company's equity[45] - The company has a stock option plan approved by shareholders on June 21, 2019, with no options granted or exercised as of the report date[46] Corporate Governance - The company is committed to high standards of corporate governance and regularly reviews its governance practices to meet regulatory requirements and stakeholder expectations[62] - The Audit Committee has been established according to GEM listing rules, consisting of three independent non-executive directors[67] - The Audit Committee reviewed the unaudited consolidated financial performance for the nine months ended September 30, 2023[67] - The financial statements were prepared in accordance with applicable accounting standards and GEM listing rules[67] Significant Events - The company completed the sale of its entire equity interest in Yummy Network on April 29, 2022, to focus on more profitable segments[27] - On September 27, 2023, the company announced the sale of machinery to Fengda International Limited for a total consideration of HKD 6.0 million[54] - There have been changes in the board, with Mr. Li resigning and Ms. Chen appointed as an independent non-executive director effective August 31, 2023[51] - There have been no significant investments, acquisitions, or disposals of subsidiaries during the nine months ending September 30, 2023[54] Risks and Challenges - The company faces risks related to a concentrated customer base, where losses from major clients could adversely affect operational and financial performance[63] - The company's past revenue and profit margins may not represent future performance, particularly due to reliance on project-based income[63] - Delays in customer payments or retention of progress payments may impact the company's cash flow and financial performance[66] - The company has not established a dividend policy, with future dividends to be determined based on various factors including market conditions and financial performance[61]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 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倚賴該等內容而引致的任何損失承 擔任何責任。 World Super Holdings Limited 維亮控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8612） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 公 告 維亮控股有限公司（「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九月三十日止九個月之未經審核簡明綜合財務業績。 本公告載有本公司之二零二三年第三季度報告（「二零二三年第三季度報告」）全 文，並符合聯交所GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初 步公告附載資料之相關規定。二零二三年第三季度報告將於二零二三年十一 月十三日在聯交所網站www.hkexnews.hk及本公司網站www.worldsuperhk.com可供 閱覽，而二零二三年第三季度報告之印刷版本將於適當時候寄發予本公司股 東。 承董事會命 ...

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，並明確表示概不就因本公告全 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。 World Super Holdings Limited 維亮控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8612） 有 關 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 報 的 補 充 公 告 茲提述維亮控股有限公司（「本公司」）截至二零二二年十二月三十一日止年度 的年報（「二零二二年年報」）。除另有所指外，本補充公告所使用之詞彙與二零 二二年年報所界定者具有相同涵義。 有關所得款項用途的補充資料 除二零二二年年報「所得款項用途」一節所披露的資料外，本公司董事會（「董 事會」）謹此根據香港聯合交易所有限公司GEM證券上市規則第18.32(8)條及第 18.32A條，就 於 二 零 二 一 年 十 二 月 十 日 完 成 配 售100,000,000股 本 公 司 股 份（「股 份」）（「二零二一年配售事項」）及於二零二二年三月二十一日完成配售44,000,0 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 10,663,824, a decrease of 23.6% compared to HKD 13,959,825 in the same period of 2022[14] - Gross profit for the same period was HKD 2,743,264, down 66.7% from HKD 8,245,596 year-on-year[14] - The net loss for the period increased to HKD 10,037,162, representing a 21.7% increase from a loss of HKD 8,245,698 in 2022[14] - The adjusted net loss, excluding gains or losses from the sale of machinery and equipment, was HKD 8,612,779, which is a 106.2% increase compared to HKD 4,176,536 in the previous year[14] - Total revenue decreased from approximately HKD 14.0 million to approximately HKD 10.7 million for the six months ended June 30, 2023, a decline of approximately 23.6%, primarily due to reduced rental income from the owned leasing fleet[37] - The company reported a revenue of HKD 10.66 million for the six months ended June 30, 2023, a decrease of 23.3% compared to HKD 13.96 million for the same period in 2022[72] - The gross profit for the six months ended June 30, 2023, was HKD 2.74 million, down 66.8% from HKD 8.25 million in the previous year[72] - The company incurred a loss before tax of HKD 10.57 million for the six months ended June 30, 2023, compared to a loss of HKD 7.83 million for the same period in 2022[72] - The basic and diluted loss per share for continuing operations was HKD 1.16 for the six months ended June 30, 2023, compared to HKD 0.94 for the same period in 2022[72] - The company reported a loss attributable to owners of the company of HKD 10,037,162 for the six months ended June 30, 2023, compared to a loss of HKD 7,958,948 for the same period in 2022, representing a 26% increase in losses[103] - The basic loss per share for the six months ended June 30, 2023, was HKD 1.16, compared to HKD 0.94 for the same period in 2022, indicating a 23% increase in loss per share[103] Revenue Streams - The demand for the company's rental machinery decreased, with rental income dropping from approximately HKD 13.9 million to HKD 7.3 million for the six months ended June 30, 2023[18] - Total sales of construction machinery, tools, and parts increased from approximately HKD 0 to approximately HKD 117,000 for the six months ended June 30, 2023, primarily due to increased demand[19] - Revenue from transportation and other services rose from approximately HKD 84,000 to approximately HKD 654,000 for the six months ended June 30, 2023, mainly due to increased transportation service fees charged to customers[21] - Foundation engineering and supporting services generated revenue of approximately HKD 2.4 million for the six months ended June 30, 2023, compared to zero revenue for the same period in 2022[25] - Loan interest income from the lending business amounted to approximately HKD 150,000 for the six months ended June 30, 2023, compared to zero for the same period in 2022[31] - Revenue from machinery leasing for the six months ended June 30, 2023, was HKD 7,289,656, down from HKD 13,853,414 in the same period of 2022, indicating a decrease of about 47.5%[88] - Construction services revenue for the six months ended June 30, 2023, was HKD 2,394,153, compared to HKD 0 in the same period of 2022, showing a significant increase[88] - Interest income for the six months ended June 30, 2023, was HKD 150,000, compared to HKD 0 in the same period of 2022, marking a new revenue stream[88] Expenses and Costs - Sales and service costs increased to approximately HKD 7.9 million for the six months ended June 30, 2023, from approximately HKD 5.7 million for the same period in 2022, mainly due to increased service costs in the foundation construction segment[38] - Administrative expenses rose to approximately HKD 8.4 million for the six months ended June 30, 2023, from approximately HKD 7.8 million for the same period in 2022, primarily due to increased employee costs and other administrative expenses[40] - Total costs of sales for the six months ended June 30, 2023, amounted to HKD 2,204,283, down from HKD 3,052,498 in the same period of 2022, representing a decrease of approximately 27.8%[95] - Financing costs for the six months ended June 30, 2023, totaled HKD 512,402, a decrease from HKD 776,612 in the same period of 2022, reflecting a reduction of approximately 34.1%[93] Cash Flow and Financial Position - As of June 30, 2023, the group had cash and bank balances of approximately HKD 7.0 million, a decrease from HKD 9.8 million as of December 31, 2022, primarily due to the repayment of overdraft financing[45] - Cash and cash equivalents decreased to HKD 6,981,597 as of June 30, 2023, from HKD 9,804,156 as of December 31, 2022, reflecting a decline of approximately 29.0%[74] - The company reported a net cash outflow from operating activities of HKD (1,793,740) for the six months ended June 30, 2023, compared to a net inflow of HKD 3,478,038 for the same period in 2022[78] - The net cash used in financing activities was HKD (6,646,044) for the six months ended June 30, 2023, compared to HKD (1,844,342) in the same period of 2022[78] - The company’s bank overdraft decreased to HKD (1,321,638) as of June 30, 2023, from HKD (2,341,431) as of December 31, 2022, indicating a reduction of approximately 43.6%[74] Assets and Liabilities - As of June 30, 2023, the total assets decreased to HKD 68,011,182 from HKD 78,579,775 as of December 31, 2022, representing a decline of approximately 13.4%[74] - The total equity as of June 30, 2023, was HKD 66,382,582, down from HKD 76,419,744 as of January 1, 2023, indicating a decrease of approximately 13.2%[75] - The company’s trade and other payables increased significantly to HKD 6,975,007 as of June 30, 2023, from HKD 2,812,841 as of December 31, 2022, marking an increase of approximately 147.0%[74] - Trade receivables as of June 30, 2023, amounted to HKD 17,668,092, an increase from HKD 17,061,507 as of December 31, 2022[108] - The expected credit loss provision for trade receivables increased to HKD 8,461,367 as of June 30, 2023, compared to HKD 7,425,395 as of December 31, 2022[108] - Trade payables increased significantly from HKD 529,941 as of December 31, 2022, to HKD 1,568,173 as of June 30, 2023[111] - Contract liabilities rose sharply from HKD 15,484 as of December 31, 2022, to HKD 2,525,484 as of June 30, 2023[111] Corporate Governance and Compliance - The company confirmed that it has complied with relevant laws and regulations during the reporting period, with no serious violations[69] - The company has adhered to the GEM listing rules and corporate governance code, although it does not separate the roles of Chairman and CEO[139] - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules regarding financial reporting and risk management[142] - The audit committee has reviewed the unaudited interim results for the six months ending June 30, 2023, confirming compliance with applicable accounting standards[142] - The board believes that having one person serve as both Chairman and CEO provides strong and consistent leadership for long-term business strategy[139] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced distribution of power[139] - The company aims to continuously review its corporate governance practices to meet regulatory requirements and shareholder expectations[140] Future Outlook and Strategy - The company anticipates a steady recovery in the construction and foundation industry in Hong Kong, driven by increased vaccination rates and a decrease in COVID-19 cases[11] - The company plans to seek collaboration and investment opportunities with quality companies in emerging industries to enhance and expand its business[11] - The company is focused on maintaining stability and sustainable development of its existing business while exploring new project bidding opportunities[11] - The company will continue to leverage its industry experience and resources to navigate future market conditions[11] - The company aims to explore new opportunities and partnerships to enhance its business portfolio and shareholder returns[35] Risks and Challenges - The group faced operational, credit, and market risks, with management actively monitoring and mitigating these risks[49][54] - The company faces risks related to reliance on a concentrated customer base, which could adversely affect its operations and financial performance[71]

Financial Performance - For the first quarter of 2023, the company reported revenue of HKD 6,216,853, a decrease of 28.5% compared to HKD 8,695,486 in the same period of 2022[6] - The cost of sales and services increased significantly to HKD 4,676,258, up from HKD 2,586,519, resulting in a gross profit of HKD 1,540,595, down 74.7% from HKD 6,108,967[6] - The company incurred a loss before tax of HKD 5,790,846, compared to a loss of HKD 4,698,737 in the previous year, indicating a worsening financial performance[6] - The net loss for the period was HKD 5,478,095, slightly higher than the loss of HKD 5,320,005 reported in the first quarter of 2022[6] - Basic and diluted loss per share for both continuing and discontinued operations was HKD 0.63, compared to HKD 0.64 in the same quarter of the previous year[6] - The company reported a loss attributable to owners of the company of HKD 5,478,095 for the three months ended March 31, 2023, compared to a loss of HKD 5,033,255 for the same period in 2022[23] - Basic loss per share for the current period was HKD 0.63, compared to HKD 0.61 for the same period in 2022[23] - The loss for the period increased from approximately HKD 5.0 million to about HKD 5.5 million, mainly due to reduced machine rental income from the owned rental fleet[40] Revenue Breakdown - Machine rental income for the same period was HKD 3,709,740, down 57.0% from HKD 8,635,486 in the previous year[16] - Construction services revenue was HKD 1,922,113, with no revenue reported for the same period in 2022[16] - Approximately 59.7% of total revenue for the period came from the machine rental segment, amounting to about HKD 3.7 million, down from HKD 8.6 million in the same period last year[32] - Total revenue from continuing operations decreased by approximately 28.5% from about HKD 8.7 million to approximately HKD 6.2 million for the three months ended March 31, 2023, primarily due to a decline in machine rental income[32] Equity and Capital - The company’s total equity as of March 31, 2023, was HKD 70,941,649, down from HKD 76,419,744 at the beginning of the year[7] - The company raised approximately HKD 3.8 million from a share placement, increasing its issued share capital by HKD 440,000[8] Business Operations - There were no significant changes in the company's main business operations during the review period[11] - The company continues to focus on providing construction machinery rental services primarily in Hong Kong, Macau, and the Philippines[10] - The company continues to engage in construction machinery rental and sales, primarily in Hong Kong, Macau, and the Philippines[27] Future Outlook and Strategy - The company maintains a positive outlook on the construction market and will continue to focus on core business areas, including building construction services[30] - The company plans to explore new opportunities in the construction sector, influenced by the ongoing uncertainties related to COVID-19 and the supply of public and private sector construction projects in Hong Kong[29] - The company will closely monitor the changing market environment to identify suitable business opportunities for maximizing returns to shareholders and investors[32] Corporate Governance - The company is committed to high standards of corporate governance and has adhered to the GEM Listing Rules[54] - The company will continue to review its corporate governance practices to meet regulatory requirements and shareholder expectations[57] - The chairman and CEO roles are not separated, which the board believes provides strong and consistent leadership[54] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial performance for the three months ending March 31, 2023[58] Dividends and Shareholder Information - The company did not declare or pay any dividends for the three months ended March 31, 2023[21] - The company has not established a dividend policy, and future dividends will be determined based on various factors including market conditions and financial performance[56] - As of March 31, 2023, major shareholder Ms. Zhu holds 162,500,000 shares, representing approximately 18.81% of the company's equity[49] Accounting Standards and Impairments - The impairment loss on assets held for sale totaled HKD 4,095,565, recognized after reclassification of assets related to Yummy Network Technology Company Limited[19] - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance[13] - The company has begun evaluating the impact of new accounting standards but has not yet determined their potential significant effects on its operations[13] Other Financial Information - Sales and service costs rose to approximately HKD 4.7 million from about HKD 2.6 million, primarily due to increased subcontracting costs in the construction business[33] - Other expenses turned from a net income of about HKD 3,000 to a net expense of approximately HKD 1.3 million, mainly due to increased losses from the sale of machinery and equipment[34] - Administrative expenses increased to approximately HKD 4.8 million from about HKD 4.4 million, largely due to an increase in expected credit loss provisions of about HKD 0.4 million[35] Share Options and Conflicts of Interest - The company has a stock option plan approved by shareholders on June 21, 2019, but no options have been granted or exercised as of the report date[50] - The company has not disclosed any competitive interests or conflicts of interest among directors and major shareholders as of March 31, 2023[52] - There are no arrangements for directors or executives to benefit from purchasing shares or debt securities of the company[51] - The company has not reported any changes in director information since the last annual report[53]