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 有關2024年年報的 補充公告 茲 提述 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」）於2024 年7 月26日所刊發截至2024年3月31日止年度的年報（「2024年年報」）。除文義另有所指外，本公 告所用詞彙與2024年年報所界定者具有相同涵義。 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） 除 2024 年 年報 所披 露有 關於 2023 年 5 月 16 日 完成 根 據一 般授 權配 售新 股份（「配 售」）的資 料 外，本 公司董事（「董事」）會（「董 事會」）謹此根據 GEM 上市規則 第18.32 (8) 條的規定提 供以 下額外資料： | | | 截至2024年 3月31日 | ...

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].

Revenue Performance - The total revenue for the year ended March 31, 2024, was HKD 4,356,161, compared to HKD 327,736 for the previous year, indicating a significant increase[3]. - 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 approximately HKD 356.2 million for the year ended March 31, 2024[68]. - The overall revenue increased by approximately HKD 28.4 million or 8.7% to about HKD 356.2 million for the year ended March 31, 2024, compared to approximately HKD 327.7 million for the year ended March 31, 2023[116]. - Revenue for the year ended March 31, 2024, was HKD 49,996,000, a decrease of 15.4% from HKD 59,103,000 in 2023[148]. - The revenue from warehousing and value-added services significantly increased to HKD 145,500,000 in 2024, up from HKD 100,290,000 in 2023, reflecting a growth of approximately 45.0%[191]. Financial Performance - The company reported a basic loss per share of HKD 0.85 for the year, a decrease from HKD 4.20 in the previous year, reflecting improved financial performance[5]. - The group recorded a loss of approximately HKD 4.5 million for the year ended March 31, 2024, a decrease from a loss of approximately HKD 20.2 million for the year ended March 31, 2023[53]. - The group reported a loss attributable to owners of HKD 4,457,000 for 2024, compared to a loss of HKD 20,175,000 in 2023, indicating an improvement in performance[154]. - The group recorded a pre-tax loss of HKD 4,772,000 in 2024, an improvement from a loss of HKD 20,362,000 in 2023[129]. Expense Management - Total comprehensive expenses for the year were HKD 4,302, compared to HKD 21,224 in the previous year, showing a reduction in expenses[4]. - Employee benefits expenses increased by approximately HKD 0.5 million or 1.1% to about HKD 48.4 million for the year ended March 31, 2024, primarily due to the absence of government subsidies received in the previous year[48]. - The group incurred employee costs of HKD 48,353,000 in 2024, slightly up from HKD 47,824,000 in 2023[178]. - Other income decreased by approximately HKD 2.9 million or 76.2% to about HKD 0.9 million for the year ending March 31, 2024, compared to approximately HKD 3.8 million for the year ending March 31, 2023[69]. - Warehousing operating costs increased by approximately HKD 5.5 million or 22.8% to about HKD 29.4 million for the year ending March 31, 2024, compared to approximately HKD 23.9 million for the year ending March 31, 2023[73]. Asset and Liability Management - The total assets less current liabilities stood at HKD 5,280, compared to HKD 4,800 in the previous year, indicating a positive trend in asset management[9]. - The company's total liabilities were HKD 37,761, with current liabilities accounting for HKD 37,288, indicating a high level of short-term obligations[28]. - The net debt-to-equity ratio improved to approximately 91.1% as of March 31, 2024, compared to approximately 189.4% as of March 31, 2023[55]. - The current ratio improved to approximately 1.0 times as of March 31, 2024, compared to about 0.8 times as of March 31, 2023[80]. - Total equity increased to HKD 36,467,000 in 2024 from HKD 33,436,000 in 2023, reflecting a stronger financial position[158]. Operational Efficiency - The trade receivables turnover days improved to approximately 43 days for the year ended March 31, 2024, down from approximately 54 days for the year ended March 31, 2023[54]. - The trade payables turnover days decreased to approximately 38 days for the year ending March 31, 2024, from about 42 days for the year ending March 31, 2023[76]. - The company plans to continue implementing strict cost control measures to enhance overall operational efficiency[189]. - The company is evaluating the profitability of its current warehouse operations to optimize overall profitability[189]. Client and Market Dynamics - The logistics sector has seen significant growth due to the surge in e-commerce, increasing demand for logistics and delivery services[125]. - The company successfully renewed contracts with two major clients, reflecting strong customer relationships and trust[189]. - Customer A contributed HKD 131,829,000 in revenue for 2024, slightly down from HKD 133,727,000 in 2023, while Customer B's revenue increased significantly to HKD 121,855,000 from HKD 97,985,000[148]. Future Outlook and Governance - The company aims to continue developing logistics solutions to meet the significant growth in e-commerce demand[44]. - The group has not made any significant investments or acquisitions during the year ended March 31, 2024, and there are no future plans for significant investments or acquisitions of capital assets[96]. - The group will adjust its overall capital structure through dividend payments, issuing new shares, and repaying debts[95]. - The audit committee expressed satisfaction with the review of the auditor's remuneration and independence, recommending the reappointment of the auditor for the financial year ending March 31, 2025, subject to shareholder approval at the upcoming annual general meeting[103].

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]

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 173,869,000, a decrease of 20% compared to HKD 217,507,000 for the same period in 2021[9] - The company reported a loss of HKD 6,935,000 for the six months ended September 30, 2022, compared to a loss of HKD 467,000 for the same period in 2021[9] - The group reported a net loss of HKD 6,935,000 for the six months ended September 30, 2022, compared to a loss of HKD 467,000 in the same period of 2021[40] - The company recorded a total comprehensive loss of HKD 7,592,000 for the six months ended September 30, 2022, compared to a loss of HKD 277,000 in the same period of the previous year[14] - Total revenue decreased by approximately HKD 43.6 million or 20.1% to about HKD 173.9 million for the six months ended September 30, 2022, compared to approximately HKD 217.5 million for the same period in 2021[61] Cost Management - Employee benefit expenses decreased by 13% to HKD 23,026,000 from HKD 26,656,000 year-on-year[9] - Transportation costs decreased by 31% to HKD 67,923,000 from HKD 98,746,000 year-on-year[9] - The total employee costs for the six months ended September 30, 2022, were HKD 23,026,000, a decrease from HKD 26,836,000 in the same period of 2021[36] - Warehousing operating costs decreased by approximately HKD 1.1 million or 7.7% to about HKD 12.9 million for the six months ended September 30, 2022, from approximately HKD 14.0 million for the same period in 2021[71] - Other expenses decreased by approximately HKD 1.6 million or 34.3% to about HKD 3.1 million for the six months ended September 30, 2022, from approximately HKD 4.7 million for the same period in 2021[72] Assets and Liabilities - Total assets decreased to HKD 87,908,000 from HKD 106,881,000 as of March 31, 2022[11] - The company’s current liabilities increased to HKD 96,523,000 from HKD 103,831,000 as of March 31, 2022[11] - The net current liabilities position was HKD 8,615,000 as of September 30, 2022, compared to a net current assets position of HKD 3,050,000 as of March 31, 2022[11] - As of September 30, 2022, the company's non-current liabilities increased to HKD 20,540,000 from HKD 19,968,000 as of March 31, 2022, representing a growth of approximately 2.86%[12] - The net asset value decreased to HKD 47,068,000 from HKD 54,660,000, indicating a decline of about 13.9%[12] Cash Flow - The company reported a net cash inflow from operating activities of HKD 6,444,000 for the six months ended September 30, 2022, down from HKD 11,121,000 in the same period of 2021, a decrease of approximately 42.5%[16] - Cash and cash equivalents at the end of the period were HKD 8,170,000, a significant decrease from HKD 29,581,000 at the end of the previous year, reflecting a decline of about 72.4%[16] - Cash and bank balances as of September 30, 2022, totaled approximately HKD 8.2 million, down from HKD 21.7 million as of March 31, 2022[84] Revenue Breakdown - Revenue from air cargo terminal operations, transportation services, and warehousing and other value-added services decreased significantly, with air cargo terminal operations revenue dropping from HKD 50,381,000 in 2021 to HKD 49,081,000 in 2022 for the six-month period[24] - Revenue from Hong Kong operations for the six months ended September 30, 2022, was HKD 169,017,000, down 20.5% from HKD 212,630,000 in 2021[28] - Major customers contributing over 10% of the group's revenue included Customer A with HKD 70,874,000 and Customer B with HKD 52,063,000 for the six months ended September 30, 2022, both showing declines from the previous year[31] Future Outlook - The company has not provided specific guidance for future performance in the report[9] - There is no mention of new products, technologies, or market expansion strategies in the interim report[9] - The company aims to leverage existing industry knowledge to expand core strengths and explore more business opportunities in the future[60] Shareholder Information - 3C Holding Limited holds 330,120,000 shares, representing approximately 68.8% of the company's issued share capital[98] - Kwan Cheng Limited owns about 6.2% of the company's total issued share capital, equating to 29,880,000 shares[99] - The group did not declare any dividends for the six months ended September 30, 2022[37] - The company did not declare or recommend any dividends for the six months ended September 30, 2022, consistent with the same period in 2021[92] Compliance and Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2022, ensuring compliance with applicable accounting standards and GEM Listing Rules[113] - The report complies with all requirements set forth by the GEM listing rules[115] - The mid-term report for the fiscal year 2022/2023 is available on the company's website and the Hong Kong Stock Exchange website[115] - The chairman of the board, Mr. Chan Lit Pong, presented the mid-term report on November 14, 2022[116]