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。 WAC HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 8619 （股份代號： ） 2023 9 30 截至 年 月 日止六個月之中期業績公告 WAC Holdings Limited （「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 2023 9 30 附屬公司（統稱為「本集團」）截至 年 月 日止六個月的未經審核簡明綜合財務 2023 9 30 2023 2023 業績。本公告載列本公司截至 年 月 日止六個月的 年中期報告（「 年中 GEM GEM 期報告」）全文，並符合香港聯合交易所有限公司的 證券上市規則（「 上市規 2023 則」）有關中期業績初步公告隨附資料的相關規定。 年中期報告的印刷版本將按 GEM 上市規則規定的方式適時寄發予本公司股東，並可於香港聯合交易所有限公司 網站及本公司網站閱覽。 承董事會命 WAC HOLDINGS LIMITED 主席 ...

Share Capital and Ownership - As of June 30, 2023, WAC Holdings Limited has a total issued share capital of 1,152,000,000 shares[3]. - Wan Nian Real Estate Development Limited holds 342,072,000 shares, representing approximately 29.69% of the total issued share capital[1][9]. - Huang Wenxuan holds 121,458,000 shares, which accounts for about 10.54% of the total issued share capital[1]. - The company’s capital structure consists solely of ordinary shares, with a total issued share capital of 1,152,000,000 shares as of June 30, 2023[142]. - The company’s major shareholders, Dr. Chen and Mr. Kwan, each hold approximately 29.69% of the total issued share capital through their controlled corporation[135][136]. - Dr. Chen holds 7,500 shares of ordinary stock, representing 68.2% ownership in Wan Nian Property Development Limited[143]. - Mr. Kwong holds 3,500 shares of ordinary stock, representing 31.8% ownership in Wan Nian Property Development Limited[143]. - As of June 30, 2023, no other directors or key executives hold any shares or relevant securities that require registration under the Securities and Futures Ordinance[143]. Financial Performance - The company's revenue for the three months ended June 30, 2023, was HKD 26,186,000, representing a 28% increase from HKD 20,414,000 in the same period of 2022[26]. - Gross profit for the same period was HKD 9,530,000, up 83% from HKD 5,214,000 year-on-year[26]. - The company reported a profit before tax of HKD 1,383,000, compared to HKD 204,000 in the previous year, marking a significant increase[26]. - Total comprehensive income for the period was HKD 1,375,000, a substantial rise from HKD 165,000 in the prior year[43]. - The company recorded a foreign exchange gain of HKD 192,000 from the translation of overseas operations[43]. - The company recorded a profit attributable to owners of HKD 1,183,000 for the three months ended June 30, 2023, compared to HKD 70,000 for the same period in 2022, indicating a significant increase[67]. - The company's profit for the period surged from approximately HKD 0.1 million to approximately HKD 1.2 million, a growth of about 1,100%[95]. Expenses and Costs - Administrative expenses increased to HKD 6,033,000 from HKD 4,687,000, reflecting a 29% rise[26]. - Total employee costs increased to HKD 16,372,000 in Q2 2023 from HKD 14,516,000 in Q2 2022, reflecting a rise of about 12.8%[57]. - Service costs increased by HKD 1.5 million, or approximately 9.6%, to HKD 16.7 million for the three months ended June 30, 2023, primarily due to increased subcontracting consultation fees and employee costs related to structural and geotechnical engineering services[115]. - General and administrative expenses rose by approximately 28.7%, from about HKD 4.7 million to approximately HKD 6.0 million, mainly due to increased employee costs and operational scale[94]. - Financing costs increased to HKD 88,000 in Q2 2023 from HKD 51,000 in Q2 2022, indicating a rise of approximately 72.5%[83]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023[6]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[16]. - The board of directors will continue to review corporate governance practices to meet increasing expectations from shareholders and stakeholders[14]. Dividends and Share Options - No dividends were proposed for the three months ended June 30, 2023, consistent with the same period in 2022[14]. - The company did not grant any share options under the plan during the three months ended June 30, 2023[15]. - No share options were outstanding as of June 30, 2023[15]. - The company did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[66]. Future Outlook and Investments - The company has not disclosed specific future outlook or guidance in the provided documents[26]. - There is no mention of new products, technologies, market expansion, or mergers and acquisitions in the available information[26]. - The company has no significant plans for major investments or capital assets beyond those outlined in its business plan as of June 30, 2023[122]. - The company anticipates that its operations will continue to be funded by internally generated cash flows and, if necessary, additional equity financing or bank borrowings[118]. - The company plans to expand its civil engineering team and support its structural and geotechnical engineering team, with a total investment of HKD 26.9 million allocated for various operational and development initiatives[131]. Employee and Operational Details - The company employed a total of 160 employees as of June 30, 2023, compared to 140 employees as of June 30, 2022, with employee costs amounting to approximately HKD 16.4 million for the period[127]. - The company has hired 23 new engineering personnel and interns for structural engineering projects, resulting in employee costs of approximately HKD 11.0 million as of June 30, 2023[104]. - The company has purchased new computers and software for new employees at a cost of approximately HKD 0.8 million as of June 30, 2023[104]. - The company has acquired a company for approximately HKD 0.1 million as of June 30, 2023, and is exploring further investment opportunities[105]. - The company operates primarily in Hong Kong, with nearly all external revenue derived from services provided in this region[81]. - The company’s operational focus remains on comprehensive structural and geotechnical engineering consulting services, primarily in Hong Kong and Macau[91]. Financial Position - The total equity as of June 30, 2023, was HKD 93,331,000, an increase from HKD 91,956,000 at the beginning of the period[30]. - The current ratio slightly increased from approximately 2.7 times as of March 31, 2023, to approximately 2.8 times as of June 30, 2023[96]. - The company had no borrowings as of June 30, 2023, indicating a strong financial position with sufficient liquidity to meet funding needs[120]. - The company has no significant contingent liabilities as of June 30, 2023, ensuring a stable financial outlook[124].

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 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。 WAC HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 8619 （股份代號： ） 第一季度業績公告 2023 6 30 截至 年 月 日止三個月 WAC Holdings Limited （「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 2023 6 30 其附屬公司（統稱為「本集團」）截至 年 月 日止三個月的未經審核簡明綜合 2023 6 30 2023 財務業績。本公告載列本公司截至 年 月 日止三個月的 年第一季度報告 2023 GEM （「 年第一季度報告」）全文，並符合香港聯合交易所有限公司的 證券上市 GEM 2023 規則（「 上市規則」）有關第一季度業績初步公告隨附資料的相關規定。 年第 GEM 一季度報告的印刷版本將按 上市規則規定的方式適時寄發予本公司股東，並可 於香港聯合交易所有限公司網站及本公司網站閱覽。 承董事會命 WAC HOLDINGS ...

Financial Performance - The group's revenue increased from approximately HKD 791 million for the year ended March 31, 2022, to approximately HKD 869 million for the year ended March 31, 2023, representing an increase of approximately HKD 78 million or 9.8%[24]. - Gross profit decreased from approximately HKD 260 million for the year ended March 31, 2022, to approximately HKD 245 million for the year ended March 31, 2023, a decline of approximately HKD 15 million or 5.6%[27]. - The group reported a net profit of approximately HKD 1.9 million for the year ended March 31, 2023, compared to a loss of approximately HKD 4.7 million for the year ended March 31, 2022[51]. - The company reported a total of 146 employees as of March 31, 2023, an increase from 141 employees in 2022[127]. - The company reported a net profit margin of 12% for the fiscal year 2023, an increase from 10% in the previous year[89]. Costs and Expenses - Service costs rose from approximately HKD 531 million for the year ended March 31, 2022, to approximately HKD 624 million for the year ended March 31, 2023, an increase of approximately HKD 93 million or 17.4%[26]. - The company reported that employee costs accounted for approximately 84.6% of total service costs for the year ended March 31, 2023, compared to 89.1% for the previous year[26]. - General and administrative expenses increased by approximately HKD 0.7 million or 3.4% to approximately HKD 22.1 million for the year ended March 31, 2023[38]. - The group employed a total of 143 employees as of March 31, 2023, with employee costs amounting to approximately HKD 59.8 million, up from approximately HKD 55.5 million in the previous year[59]. Business Strategy and Opportunities - The company aims to leverage existing resources to develop current and potential new business opportunities to further enhance profitability[20]. - The company will continue to explore new business opportunities to deliver substantial returns to shareholders[19]. - The increase in revenue was primarily due to structural and geotechnical engineering consulting services for new property construction, which rose by approximately HKD 14.6 million[33]. - The company plans to closely monitor the overall situation in Hong Kong and China to take necessary actions, including hiring qualified professionals or acquiring businesses, to provide more comprehensive services[20]. Investments and Acquisitions - The company has allocated HKD 4.6 million for acquisitions or investments in the construction and property development sector, with HKD 0.1 million utilized by March 31, 2023[63]. - The company has completed a strategic acquisition of a local competitor for HKD 300 million, which is expected to enhance its market position and operational capabilities[89]. - The company has invested approximately HKD 0.8 million in new computers and software for new employees as of March 31, 2023[62]. Risk Management and Compliance - The company has established a risk management and internal control system, which was deemed effective and adequate for the fiscal year ending March 31, 2022[165][176]. - The audit committee ensures the effectiveness of the first and second lines of defense in risk management through annual reviews with external professionals[195]. - The board is aware of its responsibilities under the Securities and Futures Ordinance and listing rules to promptly disclose any inside information[196]. Employee and Workplace Safety - The company provides safety equipment and maintains a safe working environment to prevent workplace accidents and injuries[129]. - The group recorded zero work-related injuries and zero days lost due to work-related incidents in 2023, maintaining a strong safety record[198]. - The group emphasizes strict compliance with safety regulations to achieve zero accidents, particularly on construction sites[200]. - The company has established emergency and evacuation procedures to respond effectively to major safety incidents[200]. Corporate Governance - The board of directors is responsible for corporate governance, including the development and review of governance policies and compliance with legal and regulatory requirements[161]. - The board's composition and structure are reviewed annually to ensure alignment with the company's corporate strategy[185]. - The company has adopted a nomination policy effective from August 27, 2018, to ensure the board has the necessary skills and diversity[145].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WAC HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 8619 （股份代號： ） 2023 3 31 截至 年 月 日止年度之 年度業績公告 WAC Holdings Limited （「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 2023 3 31 （「董事會」）欣然宣佈本集團截至 年 月 日止年度之經審核綜合業績（「年度業 2023 3 31 績」）。本公告載列本集團截至 年 月 日止年度的年報（「年報」）全文，其內容乃 GEM 根據香港聯合交易所有限公司（「聯交所」） 證券上市規則的相關披露規定而編 (www.wcce.hk) (www.hkexnews.hk) 製。年報將刊載於本公司網站 及聯交所網站 ，並於 適當時候寄發予本公司股東。 承董事會命 WAC HOLDINGS LIMITED 主席 陳延年博士 2023 6 30 香港， 年 月 日 ...

Financial Performance - For the nine months ended December 31, 2022, the company reported total revenue of HKD 75,013,000, a 42.0% increase from HKD 52,890,000 in the same period of 2021[8] - The gross profit for the same period was HKD 23,485,000, representing a 56.8% increase compared to HKD 14,967,000 in 2021[8] - The company recorded a net profit of HKD 541,000 for the nine months ended December 31, 2022, compared to a net loss of HKD 2,248,000 in the previous year[8] - The earnings per share for the nine months was HKD 0.05, a recovery from a loss of HKD 0.21 per share in the same period of 2021[8] - The total comprehensive income for the period was HKD 715,000, compared to a total comprehensive loss of HKD 2,309,000 in the previous year[12] - The company reported a pre-tax profit of HKD 15,104,000 for the three months ended December 31, 2022, compared to HKD 11,008,000 for the same period in 2021, reflecting a 37.5% increase[31] - The company's revenue increased by approximately 41.8% from about HKD 52.9 million to approximately HKD 75.0 million for the nine months ended December 31, 2022, compared to the same period in 2021[52] - Gross profit rose from approximately HKD 15.0 million to about HKD 23.5 million, with the overall gross margin increasing from approximately 28.3% to about 31.3%[57] Income and Costs - The company experienced a significant increase in other income, totaling HKD 2,676,000 for the nine months, up from HKD 923,000 in 2021[8] - The company’s service costs increased to HKD 51,528,000 for the nine months, compared to HKD 37,923,000 in the same period of 2021[8] - The total employee costs for the nine months ended December 31, 2022, amounted to HKD 46,542,000, an increase of 20.1% compared to HKD 38,803,000 for the same period in 2021[31] - Other income increased approximately threefold from HKD 0.9 million to HKD 2.7 million, primarily due to government subsidies under the employment support scheme[58] - Service costs rose by about 35.9% from approximately HKD 37.9 million to about HKD 51.5 million, mainly due to increased subcontracting fees and employee costs related to consulting services[56] - General and administrative expenses increased by approximately 20.6% from HKD 13.7 million to HKD 16.5 million, driven by higher employee costs and operational scale expansion[63] Future Outlook - The company plans to continue expanding its market presence and developing new products to drive future growth[8] - The company aims to expand its market share by seeking more engineering consulting service contracts despite a challenging business environment[53] - The company plans to acquire or invest in companies within the construction and property development industry, with HKD 4.6 million allocated for this purpose[75] Financial Position - The company reported a financing cost of HKD 199,000 for the nine months, slightly up from HKD 182,000 in 2021[8] - The company’s financing costs for the nine months ended December 31, 2022, totaled HKD 199,000, slightly up from HKD 182,000 for the same period in 2021[37] - The group has no borrowings as of December 31, 2022, indicating a strong financial position with sufficient liquidity to meet funding needs[66] - The current ratio slightly decreased from approximately 3.4 times as of March 31, 2022, to about 3.3 times as of December 31, 2022[62] Shareholder Information - The weighted average number of ordinary shares issued remained constant at 1,152,000 shares for both periods under review[48] - As of December 31, 2022, the company had 1,152,000,000 shares issued, with major shareholders holding significant stakes[90] - Dr. Chan and Mr. Kwong collectively control approximately 29.69% of the company's shares through their investment holding company, Wan Nian Property Development Limited[84] - Wan Nian Property Development Limited is owned approximately 68.2% by Dr. Chan and 31.8% by Mr. Kwong[84] Governance and Compliance - The company continues to comply with the corporate governance code as per GEM listing rules, with ongoing reviews to enhance governance standards[99] - The company has established a robust internal control system, negating the need for insurance for directors' liabilities at this time[101] - The company has maintained strict compliance with securities trading regulations without any violations reported during the nine months ended December 31, 2022[101] - There were no conflicts of interest reported among directors or major shareholders as of December 31, 2022[98] Miscellaneous - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[47] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2022[101] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022[103] - The company has adopted a share option scheme since August 27, 2018, but no options were granted during the nine months ended December 31, 2022[101] - The board of directors has not faced any legal actions that would require insurance coverage as the company’s operations are stable[99] - The group recorded a profit of approximately HKD 0.5 million for the nine months ended December 31, 2022, compared to a loss of approximately HKD 2.2 million for the same period in 2021, attributed to increased revenue and gross margin, as well as government subsidies from the Employment Support Scheme[64] - The group's tax expenses increased from approximately HKD 0.2 million for the nine months ended December 31, 2021, to approximately HKD 1.8 million for the same period in 2022, an increase of 800%[64]

Financial Performance - For the six months ended September 30, 2022, the company reported total revenue of HKD 25,058,000, an increase of 27.5% compared to HKD 19,644,000 for the same period in 2021[9]. - Gross profit for the same period was HKD 10,878,000, representing an increase of 84.5% from HKD 5,891,000 in the prior year[9]. - The company achieved a net profit of HKD 2,198,000 for the six months ended September 30, 2022, compared to a net loss of HKD 1,171,000 in the same period of 2021[9]. - Basic and diluted earnings per share for the period were HKD 0.19, compared to a loss per share of HKD 0.11 in the previous year[9]. - Total revenue for the six months ended September 30, 2022, was HKD 45,472,000, up from HKD 36,502,000 in the same period of 2021, indicating a growth of about 24.5%[29]. - The company recorded a total comprehensive income of HKD 2,516,000 for the six months ended September 30, 2022, compared to a comprehensive income of HKD 2,268,000 for the same period in 2021, reflecting an increase of approximately 10.9%[29]. - The company reported a profit attributable to owners of HKD 2,198,000, compared to a loss of HKD 953,000 for the same period in 2021[44]. - The company recorded a profit of approximately HKD 2.3 million for the six months ended September 30, 2022, compared to a loss of approximately HKD 1.0 million for the same period in 2021[74]. Assets and Liabilities - Total assets as of September 30, 2022, were HKD 101,799,000, an increase from HKD 95,591,000 as of March 31, 2022[11]. - The company's net asset value increased to HKD 92,469,000 as of September 30, 2022, compared to HKD 89,953,000 as of March 31, 2022[11]. - The company recorded a total of HKD 37,688,000 in trade receivables as of September 30, 2022, up from HKD 34,900,000 as of March 31, 2022[48]. - The company’s total equity as of September 30, 2022, was HKD 92,469,000, compared to HKD 89,953,000 as of April 1, 2022, showing an increase of about 2.8%[18]. - The company’s trade payables increased to HKD 9,904,000 as of September 30, 2022, from HKD 8,260,000 as of March 31, 2022[52]. - The current ratio slightly decreased from approximately 3.4 times on March 31, 2022, to about 3.3 times on September 30, 2022, primarily due to an increase in contract liabilities and income tax payable[75]. - As of September 30, 2022, the company had no borrowings, indicating a capital debt ratio calculation was not applicable[75]. Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 6,462,000 for the six months ended September 30, 2022, compared to HKD 5,592,000 for the same period in 2021, representing an increase of approximately 15.5%[18]. - The company’s investment activities resulted in a net cash outflow of HKD 1,494,000 for the six months ended September 30, 2022, compared to HKD 191,000 in the same period of 2021[18]. - The company’s financing activities resulted in a net cash outflow of HKD 1,155,000 for the six months ended September 30, 2022, compared to HKD 1,492,000 in the same period of 2021[18]. - The cash and cash equivalents at the end of the period were HKD 41,649,000, a decrease from HKD 43,694,000 at the end of the same period in 2021[18]. Expenses - The company incurred general and administrative expenses of HKD 6,932,000, up from HKD 4,748,000 in the prior year[9]. - Total employee costs for the six months ended September 30, 2022, amounted to HKD 29,262,000, an increase of 12.4% from HKD 26,063,000 in the same period of 2021[5]. - Service costs increased from approximately HKD 25.5 million to approximately HKD 29.4 million, reflecting a rise of about 15.4% due to increased subcontracting costs and employee-related expenses[65]. - General and administrative expenses rose by approximately 28.8%, from about HKD 9.0 million to approximately HKD 11.6 million, driven by higher legal and professional fees and increased employee costs[70]. Corporate Governance and Shareholder Information - The board has complied with the corporate governance code as per GEM Listing Rules, with no significant deviations noted[116]. - The company did not declare an interim dividend for the six months ended September 30, 2022, consistent with the previous year[43]. - No dividends were recommended by the board for the six months ending September 30, 2022[120]. - The company issued 192 million new shares to acquire a 23.4% stake in OPS Holdings Limited, with the shares priced at HKD 0.128 each on the issuance date[55]. - As of September 30, 2022, the company had a total of 1,152,000,000 shares issued, with WAC Holdings Limited holding 342,072,000 shares, representing approximately 29.69% of the total share capital[103][110]. - Dr. Chen and Mr. Kwong, through WAC Holdings Limited, own approximately 68.2% and 31.8% of the company respectively, indicating a significant control over the company[102]. Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9]. - The company aims to expand its market share by securing more engineering consultancy contracts despite a challenging business environment[62]. - The company has focused on expanding its consulting services to existing clients and is seeking to diversify its service offerings[62]. Audit and Compliance - The Audit Committee was established on August 27, 2018, and is responsible for recommending the appointment, reappointment, and removal of external auditors to the Board[123]. - The Audit Committee currently consists of three members, all of whom are independent non-executive directors[123]. - The Audit Committee has reviewed and approved the unaudited condensed consolidated financial statements for the six months ended September 30, 2022[125].

WAC Holdings Limited ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) 股份代號：8619 第一季度業績報告 2022 香港聯合交易所有限公司（「聯交所」）GEM的特色 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為較於其他在聯交所上市的公司帶有更高投資風險的中小型公司提供一 個上市的市場。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上市公司普遍為中小型公司，在GEM買賣的證券可能會承受較於聯交所主板買 賣的證券為高的市場波動風險，同時無法保證在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報告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不就因本報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。 本報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 WAC Holdings Limited（「本公司」，連同其附屬公司，統稱「本集團」）的資料；本公司董事 （「董事」）願就本報告的資料共同及個別地承擔 ...

Financial Performance - For the fiscal year ending March 31, 2022, the company recorded revenue of approximately HKD 79.1 million, an increase of about 2.3% from approximately HKD 77.3 million in the previous fiscal year[20]. - Revenue increased from approximately HKD 77.3 million for the year ended March 31, 2021, to approximately HKD 79.1 million for the year ended March 31, 2022, representing a growth of about 2.3%[22]. - The company recorded a loss of approximately HKD 4.7 million for the year ended March 31, 2022, compared to a profit of approximately HKD 6.3 million for the previous year[34]. - Gross profit decreased from approximately HKD 28.2 million to approximately HKD 26.0 million, a decline of about 7.7%, leading to a gross profit margin drop from approximately 36.4% to 32.8%[25]. - Other income and gains decreased from approximately HKD 5.9 million to approximately HKD 1.7 million, a decline of about 72.1% due to the absence of government subsidies under the employment support scheme[26]. Cost Management - The company has implemented strict cost control measures to mitigate the adverse effects of the challenging macroeconomic environment[15]. - Service costs rose from approximately HKD 49.2 million to approximately HKD 53.1 million, an increase of about 8.1%, with employee costs accounting for approximately 89.1% of total service costs[24]. - General and administrative expenses decreased by approximately HKD 2.2 million or 9.5% to approximately HKD 21.4 million, mainly due to the absence of expenses related to an e-commerce platform business sold in 2021[30]. Business Strategy and Opportunities - The company plans to explore new business opportunities and hire professionals to enhance its operations and provide maximum returns to shareholders in the medium to long term[16]. - The company participated in bidding processes to secure new contracts from both public and private clients during the fiscal year[15]. - The Hong Kong government has launched several development plans, such as the "Northern Metropolis," which present new opportunities for the construction industry[15]. - The company is actively seeking new business opportunities through acquisitions or joint ventures to expand its market share[21]. - The company plans to continue focusing on providing diversified services to existing clients, particularly in the construction sector, driven by increased residential development and land supply in Hong Kong[21]. Employee and Workforce Management - The company employed 141 staff as of March 31, 2022, with total employee costs of approximately HKD 55.5 million for the year[56]. - The company hired 19 new junior and senior engineers to support its geotechnical engineering team, resulting in an employee cost of approximately HKD 8.6 million as of March 31, 2022[61]. - The company incurred an employee cost of about HKD 5.3 million for hiring 18 new junior and senior engineers for civil engineering projects as of March 31, 2022[63]. - The employee turnover rate for 2022 was approximately 33.96%, a decrease from 43.14% in 2021[158]. - The company has established a competitive compensation system, with employee benefits including paid sick leave, maternity leave, and group insurance plans[158]. Environmental, Social, and Governance (ESG) Initiatives - The group expanded its environmental, social, and governance (ESG) key performance indicators (KPIs) reporting scope to include the Shenzhen office, which was not covered in the previous year's report, representing approximately 98% of the group's revenue[113]. - The group is committed to integrating sustainability into its business strategy, recognizing the value it brings to operations[108]. - The board regularly discusses and reviews the group's ESG risks and opportunities, as well as the progress of ESG goals and indicators[110]. - The group emphasizes stakeholder engagement, maintaining close communication with shareholders, customers, employees, and regulatory bodies to enhance ESG performance[119]. - In 2022, the company achieved a 38.52% reduction in total greenhouse gas emissions density compared to 2021, attributed to effective measures implemented[132]. Market Expansion and Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[78]. - Market expansion plans include entering two new regions by Q3 2023, which are expected to contribute an additional 5% to overall revenue[80]. - The company has completed a strategic acquisition of a competitor, which is anticipated to increase market share by 10%[81]. - New product lines are expected to launch in Q2 2023, with an estimated contribution of $5 million to revenue in the first year[82]. - The company is actively pursuing market expansion in Southeast Asia, with plans to enter two new countries by the end of 2023[92]. Compliance and Risk Management - The group has implemented anti-corruption policies and reported no corruption lawsuits against the company or its employees in 2022[192]. - The group conducts annual money laundering risk assessments and performs due diligence on business counterparties[194]. - The company has not reported any significant violations of environmental laws and regulations as of 2022[129]. - The company has not reported any significant violations of employment-related laws and regulations in 2022[155].

Financial Performance - For the nine months ended December 31, 2021, the company reported total revenue of HKD 52,890,000, a decrease of 8.8% compared to HKD 57,455,000 for the same period in 2020[8]. - The gross profit for the same period was HKD 14,967,000, down 32.2% from HKD 22,082,000 in 2020[8]. - The company incurred a loss of HKD 2,248,000 for the nine months ended December 31, 2021, compared to a profit of HKD 6,740,000 in the previous year[8]. - The basic and diluted loss per share for the nine months was HKD 0.21, compared to earnings of HKD 0.70 in 2020[8]. - The company reported a net loss of HKD 1,329,000 for the third quarter, compared to a profit of HKD 1,736,000 in the same quarter of 2020[8]. - The total comprehensive loss attributable to owners of the company for the nine months was HKD 2,309,000, compared to a total comprehensive income of HKD 6,636,000 in 2020[8]. - The company reported a loss attributable to owners of the company of HKD 2,248 thousand for the nine months ended December 31, 2021, compared to a profit of HKD 6,740 thousand for the same period in 2020[39]. - The basic and diluted loss per share for the nine months ended December 31, 2021, was HKD (0.21), compared to HKD 0.70 for the same period in 2020[39]. Revenue and Expenses - Revenue from construction of new properties for the nine months ended December 31, 2021, was HKD 33,646,000, a decrease of 5.0% from HKD 35,406,000 in 2020[21]. - Total revenue for the nine months ended December 31, 2021, was HKD 52,890,000, down 8.0% from HKD 57,455,000 in the same period of 2020[21]. - Other income for the nine months was HKD 923,000, significantly lower than HKD 5,736,000 in the same period last year[8]. - Total employee costs amounted to HKD 40,228 thousand for the nine months ended December 31, 2021, compared to HKD 38,803 thousand for the same period in 2020, reflecting an increase of approximately 3.7%[30]. - Service costs increased from approximately HKD 35.4 million for the nine months ended December 31, 2020, to approximately HKD 37.9 million for the nine months ended December 31, 2021, representing an increase of about 7.2%[47]. - General and administrative expenses decreased from approximately HKD 18.3 million for the nine months ended December 31, 2020, to approximately HKD 13.7 million for the nine months ended December 31, 2021, a reduction of about 25.0%[52]. Equity and Financing - As of December 31, 2021, total equity reached HKD 92,363,000, an increase from HKD 70,540,000 at the end of 2020, reflecting a growth of approximately 30.9%[10]. - The issuance of shares related to the acquisition of an associate amounted to HKD 24,576,000, contributing to the increase in total equity[10]. - The company’s retained earnings increased to HKD 10,913,000 as of April 1, 2021, from HKD 8,665,000 at the end of 2020, indicating a growth of approximately 26.0%[10]. - The company had no borrowings as of December 31, 2021, indicating a strong financial position with sufficient liquidity to meet funding needs[57]. - The company’s interest expenses on bank loans for the nine months ended December 31, 2021, were HKD 5,000, compared to HKD 1,000 in the same period of 2020[29]. - The total financing costs for the nine months ended December 31, 2021, were HKD 182 thousand, compared to HKD 113 thousand for the same period in 2020, indicating an increase of approximately 61.9%[30]. Strategic Initiatives - The company continues to explore new strategies for market expansion and product development to improve future performance[8]. - The company aims to expand its engineering consulting services and is seeking to increase the variety of services offered to different clients in the future[44]. - The company continues to pursue more engineering consulting service contracts to expand its market share despite a challenging business environment[44]. - The company has delayed plans to lease additional office space due to the COVID-19 pandemic and social unrest in Hong Kong[67]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2021[98]. - The company has complied with the corporate governance code as per GEM Listing Rules, except for a deviation regarding insurance for directors' legal actions[93]. - The company will continue to review its corporate governance practices to meet increasing regulatory requirements and stakeholder expectations[94]. - No known conflicts of interest or competition with the company's business were reported among directors or major shareholders as of December 31, 2021[93]. Shareholder Information - The major shareholders, Dr. Chan and Mr. Kwong, own approximately 68.2% and 31.8% of WAC Holdings Limited, respectively, with WAC Holdings holding 363,072,000 shares, representing about 31.52% of the company's total issued share capital[86]. - As of December 31, 2021, the total number of issued shares was 1,152,000,000[85]. - No dividends were proposed for the nine months ended December 31, 2021, consistent with the previous year[96]. - The company did not grant any share options during the nine months ended December 31, 2021, and there were no unexercised options as of that date[96]. - The company has established a share option scheme since August 27, 2018, but no options were granted under this scheme during the reporting period[96].