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依賴該等內容而引致的任何損失 承擔任何責任。 Asia-express Logistics Holdings Limited 亞 洲 速 運 物 流 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：8620） 截至2025年3月31日止 年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後 方作出投資決定。 由於GEM上市公司一般是中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承受 較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本公告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關亞洲速運物流控股有限 公司（「 本公司」，連 同其附屬 公司統 稱「 本集團」）之資料。 本公司 董事（ 統稱「董 事」， 單獨 稱 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 175,934,000, a decrease of 4.3% from HKD 184,270,000 in the same period of 2023[12] - The net profit for the period was HKD 1,133,000, down 53.6% from HKD 2,443,000 in the previous year[12] - Basic earnings per share decreased to HKD 0.21 from HKD 0.47, representing a decline of 55.3%[12] - The total comprehensive income for the period was HKD 1,315,000, down 51.0% from HKD 2,681,000 in the previous year[12] - The profit attributable to owners of the company for the six months ended September 30, 2024, was HKD 1,133,000, a decrease of 53.7% from HKD 2,443,000 in the same period of 2023[51] - The group recorded a profit of approximately HKD 1.1 million for the six months ended September 30, 2024, a decrease of about HKD 1.3 million or 53.6% compared to HKD 2.4 million for the same period in 2023[97] Revenue Breakdown - Air cargo station operations revenue increased to HKD 50,376,000 from HKD 44,244,000, representing an increase of 7.6%[34] - Transportation services revenue decreased to HKD 46,872,000 from HKD 52,101,000, a decline of 11.0%[34] - Warehouse and other value-added services revenue decreased to HKD 64,017,000 from HKD 76,011,000, a decrease of 15.8%[34] - Revenue from Hong Kong was HKD 170,298,000, down 4.0% from HKD 177,674,000 in the previous year[39] - Revenue from China was HKD 5,636,000, a decrease of 14.6% from HKD 6,596,000 in the previous year[39] Expenses and Costs - Employee benefits expenses were HKD 23,056,000, slightly reduced from HKD 23,209,000 in the prior period[12] - Transportation costs increased to HKD 65,685,000 from HKD 64,934,000, reflecting a rise of 1.2%[12] - Warehouse operating costs decreased to HKD 13,978,000 from HKD 15,840,000, a reduction of 11.7%[12] - Financing costs decreased by approximately 39.3% to about HKD 1.1 million from approximately HKD 1.8 million in the previous period due to repayment of bank loans[93] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 2,390,000, a significant decrease from HKD 13,897,000 for the same period in 2023, representing a decline of about 82.8%[24] - The net cash generated from investing activities was HKD 318,000 for the six months ended September 30, 2024, a decrease from HKD 12,195,000 for the same period in 2023, indicating a decline of approximately 97.4%[24] - The company's cash and cash equivalents decreased to HKD 9,023,000 as of September 30, 2024, from HKD 10,969,000 as of March 31, 2024, reflecting a decline of about 17.7%[15] - The current ratio was approximately 1.1 as of September 30, 2024, compared to 1.0 as of March 31, 2024, indicating sufficient liquidity to meet operational needs[105] Assets and Liabilities - As of September 30, 2024, total assets minus current liabilities amounted to HKD 50,998,000, an increase from HKD 49,382,000 as of March 31, 2024, reflecting a growth of approximately 3.3%[15] - Total equity as of September 30, 2024, was HKD 37,782,000, up from HKD 36,467,000 as of March 31, 2024, indicating an increase of approximately 3.6%[17] - The company's retained losses as of September 30, 2024, were HKD 15,536,000, an increase from HKD 16,669,000 as of April 1, 2024, showing a reduction in losses of about 6.8%[20] - The group’s total liabilities remained stable at HKD 62,454,000 as of September 30, 2024, compared to HKD 62,452,000 as of March 31, 2024[15] Shareholder Information - 3C Holding Limited holds a beneficial interest of 330,120,000 shares, representing approximately 62.5% of the company's issued share capital[122] - Kwan Cheng Limited and Ms. Leung Song each hold 29,880,000 shares, accounting for 5.7% of the company's issued share capital[122] - The company did not declare or recommend any dividends for the six months ended September 30, 2024[48] - The group did not declare or recommend any dividends for the six months ended September 30, 2024, consistent with the same period in 2023[114] Corporate Governance - The company has confirmed that all information provided in the report is accurate and complete, with no misleading elements[3] - The company has complied with all corporate governance codes as per GEM Listing Rules during the reporting period[134] - The Audit Committee, established on March 23, 2020, reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2024[137] Future Outlook - The company remains cautiously optimistic about future performance despite short-term challenges, focusing on innovation and operational efficiency[77] - The company aims to create sustainable value for customers, stakeholders, and shareholders by expanding market influence and enhancing service capabilities[77]

Revenue Growth and Financial Performance - The group experienced moderate but satisfactory revenue growth, primarily due to new supplementary warehouse handling services for one of its top five clients and the successful operation of two new warehouses in Tuen Mun, Hong Kong, and Shantou, China[16]. - The company's total revenue increased by approximately HKD 28.4 million or 8.7% from about HKD 327.7 million for the year ended March 31, 2023, to about HKD 356.2 million for the year ended March 31, 2024[20]. - Revenue from air cargo terminal operations decreased from HKD 135.0 million (41.2%) in 2023 to HKD 112.6 million (31.6%) in 2024, while transportation services revenue increased from HKD 92.4 million (28.2%) to HKD 98.0 million (27.5%)[18]. - The company recorded a net loss of approximately HKD 4.5 million for the year ended March 31, 2024, a decrease from a net loss of about HKD 20.2 million in 2023[35]. - The group's net profit margin for the year ending March 31, 2024, is approximately -1.3%, an improvement from -6.2% in 2023[141]. - The return on equity for the same period is approximately -13.6%, significantly better than -60.3% in 2023[141]. - Net cash generated from operating activities is approximately HKD 27.6 million, up from HKD 11.3 million in 2023[141]. - Cash and cash equivalents stand at approximately HKD 11.0 million, compared to HKD 3.7 million in 2023[141]. Cost Management and Operational Efficiency - Strategic measures have been implemented to improve efficiency and reduce operational costs, despite ongoing challenges from rising fuel prices and labor costs[10]. - The company is committed to strict cost control measures to effectively lower labor and transportation costs, thereby enhancing overall operational efficiency[11]. - The cost of dispatched labor increased by approximately HKD 7.4 million or 6.3% from about HKD 117.0 million in 2023 to about HKD 124.4 million in 2024, driven by increased demand for labor due to higher cargo volumes[25]. - Transportation costs decreased by approximately HKD 3.2 million or 2.4% from about HKD 134.7 million in 2023 to about HKD 131.5 million in 2024[26]. Client Relationships and Market Opportunities - The company successfully renewed contracts with two major clients, reflecting strong relationships and customer trust, which are crucial for long-term success and stability[11]. - E-commerce has been a significant growth area, with a surge in online shopping leading to increased cargo handling volumes and heightened demand for logistics and delivery services[16]. - The company aims to develop logistics solutions to meet the significant opportunities presented by the growth of e-commerce[11]. - The company emphasizes the importance of strengthening relationships and identifying growth opportunities with existing clients to provide exceptional value-added services[11]. Management and Governance - The company has a strong management team with extensive experience in logistics and operations, including Mr. Ma Jiarong, who has over 20 years in the air cargo ground handling industry[65]. - The board includes members with significant experience in various sectors, enhancing the company's governance and strategic direction[56][59][61][64][65][68][69]. - The company emphasizes internal policy implementation and employee training as part of its operational strategy[68]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[76]. - The company has adopted corporate governance principles in compliance with GEM Listing Rules, ensuring proper regulation of its operations[76]. Financial Position and Debt Management - As of March 31, 2024, the group's bank loan balance was approximately HKD 13.5 million, with a floating interest rate of about 6.8%, up from 5.7% in 2023[37]. - The group's debt-to-equity ratio improved to approximately 93.3% as of March 31, 2024, compared to 189.4% in 2023, primarily due to a reduction in bank loans and lease liabilities[37]. - The current ratio increased to approximately 1.0 times as of March 31, 2024, compared to 0.8 times in 2023, due to a decrease in bank loan balances[40]. - The company's distributable reserves as of March 31, 2024, amount to approximately HKD 20,640,000, an increase from approximately HKD 15,346,000 in 2023, representing a growth of about 34.9%[168]. Shareholder and Corporate Policies - The company did not declare a final dividend for the year ended March 31, 2024, consistent with the previous year[48]. - The company has adopted a dividend policy to guide decisions on declaring and paying dividends, with no predetermined dividend payout ratio[110]. - The company encourages shareholders to attend meetings and vote, with all resolutions presented at the general meeting being voted on[118]. - The company has established a shareholder communication policy to enhance effective communication with shareholders and potential investors[126]. Environmental and Social Responsibility - The company has implemented an environmental policy focused on corporate social responsibility and creating economic value for stakeholders[136]. - The group is committed to environmental protection and sustainability, implementing green office practices to reduce energy and resource consumption[198]. Compliance and Risk Management - The company has complied with relevant laws and regulations in all significant aspects during the fiscal year ending March 31, 2024[139]. - The company emphasizes the importance of risk management practices to mitigate operational and financial risks, particularly in retaining customers and senior management[134]. - The board will continue to review the effectiveness and adequacy of the risk management and internal control systems annually[116].

Asia-express Logistics Holdings Limited 亞 洲 速 運 物 流 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：8620） 由於GEM上市公司一般是中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承受 較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 董事會（「董事會」）欣然公佈本集團截至2024年3月31日止年度（「本年度」或「年內」）已審核 綜合財務業績，連同截至2023年3月31日止年度（「去年」或「上年度」）的比較經審核數字。 收益 4 356,161 327,736 其他收入 5 909 3,814 其他收益及虧損 5 (791) 522 僱員福利開支 8 (48,353) (47,824) 派遣勞工成本 (124,394) (116,985) 運輸成本 (131,538) (134,744) 倉儲運營成本 (29,351) (23,895) 貿易應收款項減值虧損撥回淨額 272 259 物業、廠房及設備折舊 (5,706) (5,978) 使用權資產折舊 (13,028) (15,123) 其他開支 (5, ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 184.27 million, an increase of 5.8% compared to HKD 173.87 million for the same period in 2022[9] - The company reported a profit of HKD 2.44 million for the six months ended September 30, 2023, compared to a loss of HKD 6.94 million in the same period last year[9] - Basic earnings per share for the six months ended September 30, 2023, was HKD 0.47, improving from a loss per share of HKD 1.44 in the previous year[9] - The company experienced a total comprehensive income of HKD 2,682,000 for the six months ended September 30, 2023, compared to a total comprehensive expense of HKD 7,592,000 for the same period in 2022[14] - The company reported a net profit of HKD 2,443,000 for the six months ended September 30, 2023, compared to a loss of HKD 6,935,000 in the same period of 2022[38] - The company did not declare any dividends for the six months ended September 30, 2023[36] Revenue Breakdown - Revenue from air cargo terminal operations, transportation services, and warehousing and other value-added services contributed to the overall revenue, with warehousing services showing significant growth from HKD 55,107,000 to HKD 76,011,000 for the six-month period[24] - Revenue from Hong Kong for the six months ended September 30, 2023, was HKD 177,674,000, representing a 5.2% increase from HKD 169,017,000 in 2022[27] - Revenue from China increased significantly to HKD 6,596,000 for the six months ended September 30, 2023, compared to HKD 4,852,000 in the same period of 2022, marking a growth of 36%[27] Cash Flow and Financing - The company reported a net cash inflow from operating activities of HKD 13,897,000 for the six months ended September 30, 2023, compared to HKD 6,444,000 for the same period in 2022, reflecting a 115% increase[16] - Investment activities generated a net cash inflow of HKD 12,195,000 for the six months ended September 30, 2023, compared to a cash outflow of HKD 2,579,000 in the previous year[16] - The company’s financing costs for the six months ended September 30, 2023, were HKD 1.83 million, up from HKD 1.50 million in the same period last year[9] - The company’s financing activities resulted in a net cash outflow of HKD 21,980,000 for the six months ended September 30, 2023, compared to HKD 17,008,000 in the previous year[16] Assets and Liabilities - Trade and other receivables increased to HKD 54.72 million as of September 30, 2023, from HKD 51.38 million as of March 31, 2023[11] - Total assets less current liabilities improved to HKD 60.59 million as of September 30, 2023, compared to HKD 45.99 million as of March 31, 2023[11] - The company’s non-current assets decreased to HKD 59.22 million as of September 30, 2023, from HKD 60.50 million as of March 31, 2023[11] - As of September 30, 2023, the company's non-current liabilities increased to HKD 17,136,000 from HKD 12,559,000 as of March 31, 2023, representing a 36.5% increase[12] - The net asset value rose to HKD 43,451,000 as of September 30, 2023, compared to HKD 33,436,000 as of March 31, 2023, indicating a growth of 30%[12] Operational Efficiency - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[9] - The newly established warehouses in Tuen Mun, Hong Kong, and Shantou, China, have successfully commenced operations, contributing to revenue growth[58] - The overall economic environment in Hong Kong remains challenging, with average year-on-year declines of approximately 9.7% and 8.3% in total import and export volumes, respectively[57] Employee and Operational Costs - Employee benefit expenses for the six months ended September 30, 2023, were HKD 23.21 million, slightly increasing from HKD 23.03 million in the previous year[9] - The total employee cost for the six months ended September 30, 2023, was approximately HKD 22.4 million, slightly up from approximately HKD 22.2 million for the same period in 2022[81] - Dispatch labor costs decreased by approximately HKD 1.4 million or 2.2% to about HKD 62.2 million for the current period, attributed to strict cost control measures[67] - Transportation costs decreased by approximately HKD 3.0 million or 4.4% to about HKD 64.9 million for the current period, due to a reduction in business volume[70] - Warehousing operating costs increased by approximately HKD 2.9 million or 22.9% to about HKD 15.8 million for the current period, mainly due to expenses from two newly established warehouses[71] Share Capital and Ownership - The company completed a share placement on May 16, 2023, raising approximately HKD 7,536,000 through the issuance of 48,000,000 shares at HKD 0.157 per share[15] - The group’s issued share capital increased to HKD 5,280,000 as of September 30, 2023, from HKD 4,800,000 as of March 31, 2023, following the issuance of 48,000,000 new shares[52] - 3C Holding Limited holds 330,120,000 shares, representing approximately 62.5% of the company's issued share capital[95] - Kwan Cheng Limited owns about 5.7% of the company's total issued share capital, equating to 29,880,000 shares[96] Compliance and Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[108]

Financial Performance - Revenue for the three months ended June 30, 2023, was HKD 93,717,000, a 2.1% increase from HKD 91,752,000 in the same period of 2022[5] - The company reported a profit of HKD 1,057,000 for the quarter, compared to a loss of HKD 2,550,000 in the previous year[5] - Basic earnings per share for the quarter was HKD 0.21, recovering from a loss per share of HKD 0.53 in the same quarter last year[5] - Total comprehensive income for the period was HKD 1,191,000, compared to a total comprehensive loss of HKD 3,179,000 in the prior year[5] - The company recorded a net profit of HKD 1.057 million for the three months ended June 30, 2023, compared to a net loss of HKD 2.550 million for the same period in 2022[19] - The company recorded a net profit of approximately HKD 1.1 million for the current period, compared to a net loss of approximately HKD 2.6 million in the previous period, primarily due to increased revenue from warehousing and other value-added services and effective budget management[39] Revenue Sources - Revenue from warehousing and other value-added services rose by approximately HKD 13.6 million or 44.8% to approximately HKD 44.0 million, driven by additional services provided to one of the top five clients and the operation of two new warehouses in Tuen Mun, Hong Kong, and Shantou, China[25] - The company's total revenue for the three months ended June 30, 2023, increased by approximately HKD 2.0 million or 2.1% to approximately HKD 93.7 million compared to HKD 91.8 million for the same period in 2022[25] Cost Management - Employee benefit expenses increased slightly to HKD 11,657,000 from HKD 11,516,000 year-on-year[5] - Transportation costs decreased to HKD 33,883,000 from HKD 36,774,000, reflecting a 7.8% reduction[5] - Warehouse operating costs increased to HKD 8,118,000 from HKD 6,519,000, marking a 24.5% increase[5] - The company implemented strict cost control measures that effectively reduced labor and transportation costs, improving overall operational efficiency[23] - Employee benefits expenses slightly increased by approximately HKD 0.1 million or 1.2% to approximately HKD 11.7 million, with a notable decrease of approximately HKD 0.9 million when excluding government subsidies received in the previous period[28] - Transportation costs decreased by approximately HKD 2.9 million or 7.9% to approximately HKD 33.9 million, mainly due to reduced service fees paid to external transport service providers[33] - Warehouse operating costs increased by approximately HKD 1.6 million or 24.5% to approximately HKD 8.1 million, primarily due to expenses from two new warehouses and increased business volume in the warehousing services segment[34] - The company implemented strict cost control measures, resulting in a reduction of dispatched labor costs by approximately HKD 1.2 million or 3.7% to approximately HKD 30.5 million[30] Equity and Financial Position - The company’s total equity as of June 30, 2023, was HKD 41,960,000, down from HKD 54,660,000 a year earlier[6] - The estimated tax expense for the current period was HKD 129,000, with no deferred tax recognized due to the absence of taxable profits in the previous period[15] Other Financial Information - Other income decreased by approximately HKD 0.5 million or 68.3% to approximately HKD 0.2 million, primarily due to the absence of government subsidies received in the previous year[26] - Financing costs increased by approximately HKD 0.2 million or 31.3% to approximately HKD 0.9 million, mainly due to rising interest rates[37] - Other income and losses were recorded at approximately HKD 0.3 million for the current period, compared to HKD 0.4 million in the previous period[27] - Depreciation of property, plant, and equipment decreased by approximately HKD 0.3 million or 14.7% to approximately HKD 1.6 million, mainly due to increased depreciation of vehicles in the previous period[31] Corporate Actions - The company completed a placement of 48,000,000 shares at a price of HKD 0.157 per share, raising approximately HKD 7,536,000[6] - The company did not declare or pay any dividends for the three months ended June 30, 2023, consistent with the previous year[20] - The company did not purchase, sell, or redeem any of its listed securities during the period[46] - The company has not granted, lapsed, exercised, or cancelled any options under the share option scheme as of the report date[45] - There were no significant acquisitions or disposals related to subsidiaries or associates during the reporting period[53] Compliance and Reporting - The audit committee has reviewed the unaudited financial results for the first quarter, confirming compliance with applicable accounting standards and GEM listing rules[51] - The first quarter report was published on the company's website and complies with all GEM listing rule requirements[55] - The company has not identified any significant matters that require disclosure after the reporting period[54]

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依賴該等內容而引致的任何損失 承擔任何責任。 Asia-express Logistics Holdings Limited 亞 洲 速 運 物 流 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8620） 截至2023年6月30日止三個月 第一季度業績公告 亞洲速運物流控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至2023年6月30日止三個月的第一季度未經審核綜合業績。 本公告載有本公司2023/2024年第一季度報告（「2023/2024年第一季度報告」）全文，符合香 港聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）關於第一季度業績 初步公告所附資料的相關規定。2023/2024年第一季度報告的印製版本將於適當時候發送予 本公司股東，並於聯交所網站www.hkexnews.hk及本公司網站www.asia-expresslogs.co ...

Financial Performance - The company reported a net loss of approximately HKD 20.2 million for the fiscal year ending March 31, 2023, an increase of about HKD 1.9 million compared to a net loss of HKD 18.3 million for the previous fiscal year[9]. - The company's total revenue decreased by approximately HKD 85.2 million or 20.6% from about HKD 412.9 million for the year ended March 31, 2022, to about HKD 327.7 million for the year ended March 31, 2023[18]. - Revenue from air cargo terminal operations decreased by approximately HKD 28.4 million or 17.4% to about HKD 135.0 million for the year ended March 31, 2023, compared to about HKD 163.4 million for the previous year[19]. - Revenue from warehousing and other value-added services decreased by approximately HKD 35.3 million or 26.0% to about HKD 100.3 million for the year ended March 31, 2023, down from about HKD 135.6 million[19]. - The net loss for the year ended March 31, 2023, was approximately HKD 20.2 million, an increase from HKD 18.3 million in 2022, primarily due to adverse external conditions affecting the logistics industry in Hong Kong[33]. - The net profit margin for the fiscal year ending March 31, 2023, was approximately -6.2%, compared to -4.4% in 2022[148]. - The return on equity for the same period was approximately -60.3%, up from -33.5% in 2022[148]. - The largest customer accounted for approximately 40.8% of total revenue for the fiscal year ending March 31, 2023, compared to 39.5% in 2022[156]. - The top five customers represented approximately 83.6% of total revenue, up from 79.6% in 2022[156]. Cost Management - The company continues to implement cost-saving measures and improve operational efficiency to mitigate the impact of COVID-19 on its business[9]. - Employee benefit expenses decreased by approximately HKD 8.9 million or 15.7% to about HKD 47.8 million for the year ended March 31, 2023, down from about HKD 56.7 million[24]. - Transportation costs decreased by approximately HKD 53.7 million or 28.5% to about HKD 134.7 million for the year ended March 31, 2023, compared to about HKD 188.5 million[28]. - Warehousing operating costs decreased by approximately HKD 5.7 million or 19.2% to about HKD 23.9 million for the year ended March 31, 2023, down from about HKD 29.6 million[29]. - Other expenses decreased by approximately HKD 3.4 million or 41.8% to about HKD 4.8 million for the year ended March 31, 2023, compared to about HKD 8.2 million[30]. - Operational costs were reduced by 5% through improved logistics processes and automation[54]. Strategic Outlook - The company remains optimistic about the logistics industry's development, particularly with the transition of mainland China from a zero-COVID policy to a no-restriction policy, which is expected to positively impact the logistics sector in Hong Kong[9]. - Future strategies will focus on deepening cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area and consolidating Hong Kong's position as a global international aviation and transportation hub[10]. - The company aims to enhance its market position in Hong Kong and expand its business in mainland China to attract potential customers[10]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[54]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $625 million[54]. Governance and Compliance - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[77]. - The company has complied with all provisions of the corporate governance code during the reporting period[74]. - The board has established an audit committee, a nomination committee, and a remuneration committee to enhance governance practices[74]. - The independent non-executive directors have confirmed their independence in accordance with the GEM listing rules[77]. - The company emphasizes continuous professional development and training for directors and senior management[82]. - The board is responsible for guiding and supervising the company's affairs, ensuring effective internal controls and risk management systems are in place[93]. - The company has maintained a satisfactory and effective shareholder communication policy, with multiple channels established for communication with shareholders and investors[128]. Shareholder Information - The company did not declare a final dividend for the year ended March 31, 2023, consistent with the previous year[48]. - The board will review the dividend policy and has no predetermined dividend payout ratio, maintaining discretion over future dividends[112]. - The company encourages shareholders to attend meetings and vote, with all resolutions presented at the general meeting being voted on[120]. - The company has established procedures for shareholders to propose special meetings and nominate candidates for the board[123][125]. Employee and Diversity Initiatives - The company employed 201 full-time employees as of March 31, 2023, down from 225 in 2022, with employee costs for the year amounting to approximately HKD 46.1 million[39]. - The board currently includes one female director, achieving gender diversity, and aims to improve female representation in senior management[108]. - Approximately 23% of the group's employees are female, reflecting ongoing diversity measures at all employee levels[109]. Risk Management - The company has a strong focus on risk assessment and management, ensuring appropriate measures are in place to address potential risks[84]. - The audit committee reviewed the external auditor's independence and qualifications, as well as the potential impact of accounting policy changes on the financial statements[97]. - The internal audit function reviews the adequacy and effectiveness of the risk management and internal control systems annually[118].

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依賴該等內容而引致的任何損失 承擔任何責任。 Asia-express Logistics Holdings Limited 亞 洲 速 運 物 流 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8620） 截至2023年3月31日止 年度業績公告 亞洲速運物流控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至2023年3月31日止年度已審核綜合業績。本公告載有本公 司2023年度報告（「2023年報」）全文，符合香港聯合交易所有限公司（「聯交所」）GEM證券上 市規則（「GEM上市規則」）關於年度業績初步公告所附資料的相關規定。2023年報的印製版 本將適時發送予本公司股東，並於聯交所網站www.hkexnews.hk及本公司網站www.asia- expresslogs.com刊載。 承董事會命 亞洲速運物流控股有限公司 執行董事 陳烈邦 香港，2023年6月28 ...

Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 79,193,000, a decrease of 30.4% compared to HKD 113,903,000 for the same period in 2021[6] - Revenue for the nine months ended December 31, 2022, was HKD 253,062,000, down 23.6% from HKD 331,410,000 in the previous year[6] - The company reported a loss of HKD 4,365,000 for the three months ended December 31, 2022, compared to a profit of HKD 348,000 in the same period of 2021[7] - For the nine months ended December 31, 2022, the loss was HKD 11,300,000, significantly higher than a loss of HKD 119,000 in the previous year[7] - The company recorded a total comprehensive loss of HKD 4,012,000 for the three months ended December 31, 2022, compared to a comprehensive income of HKD 1,231,000 in the same period of 2021[7] - The basic loss per share for the three months ended December 31, 2022, was HKD 0.91, compared to earnings of HKD 0.07 per share in the previous year[7] - The company reported a loss attributable to owners of HKD 11,300,000 for the nine months ended December 31, 2022, compared to a loss of HKD 119,000 in 2021[23] - Basic loss per share for the nine months ended December 31, 2022, was HKD (0.0236), compared to HKD (0.0002) in 2021[23] Revenue Breakdown - Air cargo ground handling services generated revenue of HKD 72,301,000 for the nine months ended December 31, 2022, down 4.4% from HKD 75,933,000 in 2021[16] - Transportation services revenue was HKD 84,976,000 for the nine months ended December 31, 2022, a decline of 7.7% from HKD 92,233,000 in 2021[16] - Warehouse and other value-added services revenue decreased by 33.5% to HKD 73,853,000 for the nine months ended December 31, 2022, compared to HKD 111,148,000 in 2021[16] - Total revenue decreased by approximately HKD 78.3 million or 23.6% to about HKD 253.1 million for the nine months ended December 31, 2022, compared to HKD 331.4 million for the same period in 2021[29] - Revenue from warehousing and other value-added services fell by approximately HKD 37.3 million or 33.6% to about HKD 73.9 million[29] - Revenue from air cargo station operations decreased by approximately HKD 33.8 million or 26.4% to about HKD 94.2 million[29] Cost Management - Employee benefit expenses decreased to HKD 34,860,000 for the nine months ended December 31, 2022, down 13.8% from HKD 40,470,000 in 2021[6] - Employee benefit expenses decreased by approximately HKD 5.6 million or 13.9% to about HKD 34.9 million due to government subsidies[33] - Transportation costs were reduced to HKD 99,379,000 for the nine months ended December 31, 2022, a decrease of 35.7% compared to HKD 154,524,000 in the previous year[6] - Transportation costs decreased by approximately HKD 55.1 million or 35.7% to about HKD 99.4 million[37] - Financing costs increased by approximately HKD 0.5 million or 29.9% to about HKD 2.4 million due to increased bank loan interest expenses[41] - The company will continue to implement prudent cost control measures to enhance competitiveness in the logistics industry[29] Shareholder Information - As of December 31, 2022, the company’s major shareholders include Mr. Chan Lit Pong with 330,120,000 shares, representing 68.8% of the issued share capital, and Mr. Choi Wing Hang with 29,880,000 shares, representing 6.2%[45][46][47] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2022[50] - No significant acquisitions or disposals of subsidiaries or associates were made during the nine months ended December 31, 2022[59] - The company did not declare or pay any dividends during the nine months ended December 31, 2022[58] Corporate Governance - The audit committee has reviewed the unaudited financial results for the nine months ended December 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[57] - The company has applied the principles of corporate governance as per GEM Listing Rules and complied with all applicable code provisions[54] - The executive directors are Mr. Chan Lit Pong and Mr. Chan Yu, with non-executive director Mr. Choi Wing Hang and independent non-executive directors Mr. Fu Lei, Mr. Chan Chi Ho, and Ms. Xu Qian Hang[63] - The company’s compliance advisor, Zhi Fu Finance Limited, has no interests in the company or its subsidiaries as of December 31, 2022[56] - All equity interests held by directors and major shareholders are classified as beneficial ownership[48] Future Outlook - The company continues to implement growth strategies and actively seeks new business opportunities in the logistics sector[26] - The establishment of air cargo container warehouses at the Wharf Logistics Centre and the Asia Container Logistics Centre enhances the company's ability to provide integrated logistics services[26] - The company anticipates that the gradual recovery of cross-border land transport and the opening of international travel in mainland China will stimulate export demand[29] Miscellaneous - The company did not declare or recommend any dividends for the nine months ended December 31, 2022, consistent with 2021[24] - There were no significant events that required disclosure after December 31, 2022, up to the report date[61] - The company has not granted, lapsed, exercised, or cancelled any share options under the share option scheme as of the report date[49] - The report pertains to the third quarter of the fiscal year 2022/2023 for Asia Speed Logistics Holdings Limited[64]