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佈的內容概不負責，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佈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。 SUN KONG HOLDINGS LIMITED 申港控股有限公司 （於開曼群島註冊成立之有限公司） 8631 （股份代號： ） 2023 6 30 截至 年 月 日止三個月之 第一季度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） �特色 GEM 的定位乃為較其他於聯交所上市的公司帶有較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。 GEM GEM 鑒� 上市的公司一般為中小型公司，� 買賣的證券可能會較於聯交所主板買賣的 GEM 證券承受較大的市場波動風險，同時無法保證� 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，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佈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。 ...

Financial Performance - The Group recorded a revenue of approximately HK$67.7 million for the year ended March 31, 2023, representing a decrease of approximately HK$163.2 million or 70.7% compared to HK$230.9 million for the year ended March 31, 2022[18]. - The total comprehensive loss for the year ended March 31, 2023, was approximately HK$12.1 million, an increase of approximately HK$9.0 million from a loss of approximately HK$3.1 million for the year ended March 31, 2022[18]. - The Group recorded a loss attributable to the owners of the Company of approximately HK$12.1 million for the year ended March 31, 2023, an increase of approximately HK$9.0 million from a loss of approximately HK$3.1 million for the year ended March 31, 2022[32]. - The Group's revenue decline reflects broader market conditions and operational challenges faced during the year[18]. - Gross profit decreased by approximately HK$3.6 million or 52.2% from approximately HK$6.9 million for the year ended March 31, 2022, to approximately HK$3.3 million for the year ended March 31, 2023[56]. - The Group's net loss increased by approximately HK$9.0 million from a loss of approximately HK$3.1 million for the year ended March 31, 2022, to a loss of approximately HK$12.1 million for the year ended March 31, 2023[59]. Sales and Market Conditions - The sales quantity of diesel oil decreased by approximately 82.0% from 50.0 million litres for the year ended March 31, 2022 to 9.0 million litres for the year ended March 31, 2023[41]. - Revenue from the sale of diesel oil accounted for approximately HK$66.0 million, representing approximately 97.5% of the Group's total revenue for the year ended March 31, 2023[35]. - The demand for diesel oil from the cross-boundary transportation sector began to recover in November 2022, but remains below pre-COVID-19 crisis levels[16]. - The average selling price of diesel oil increased by approximately 59.0% from HK$4.61 per litre for the year ended March 31, 2022 to HK$7.33 per litre for the year ended March 31, 2023[42]. - The sales quantity of diesel exhaust fluid increased by approximately 317.7% from 120.2 thousand litres for the year ended March 31, 2022 to 502.1 thousand litres for the year ended March 31, 2023[41]. Cost and Expenses - The Group's cost of sales was approximately HK$64.4 million for the year ended March 31, 2023, representing a decrease of 71.3% from HK$224.0 million for the year ended March 31, 2022[44]. - Diesel oil cost was the largest component of the cost of sales, amounting to approximately HK$58.3 million for the year ended March 31, 2023, representing 90.5% of the cost of sales[49]. - The average unit purchase cost of diesel oil increased by 49.1% from approximately HK$4.34 per litre for the year ended March 31, 2022, to approximately HK$6.47 per litre for the year ended March 31, 2023[49]. - The Group's administrative and other operating expenses were approximately HK$9.0 million for both the years ended March 31, 2022, and March 31, 2023[57]. Economic Environment - The Group's performance was affected by unprecedented economic challenges, including the Russian-Ukrainian War and COVID-19 control measures[16]. - The economic recovery in Hong Kong and Mainland China started after the cancellation of precautionary and quarantine control measures in November 2022[16]. - Crude oil prices increased significantly during the period, with Brent crude oil maintaining a high level throughout 2022, impacting the Group's operating cash flow due to high diesel procurement costs[17]. - The Group's operating cash flow was pressured by high diesel oil purchase costs, which remained elevated due to external economic factors[17]. Corporate Governance - The Group's financial statements for the year ended March 31, 2023, were audited and presented in compliance with the GEM Listing Rules[4]. - The Board comprises five Directors, including two executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience[131]. - The Group has complied with all applicable code provisions set out in the Corporate Governance Code throughout the year ended March 31, 2023[125]. - The Board is responsible for the overall direction and supervision of the Group's business and affairs, with management delegated authority for day-to-day operations[127]. - The Company conducts at least four regular Board meetings annually, with Directors able to attend in person or via electronic means[142]. Future Plans and Investments - The Group will continue to monitor diesel market demand and adjust business plans to ensure operational stability amid challenges[33]. - The Group plans to use working capital to fund its expanding business and enhance operating liquidity[109]. - The Group aims to complete the upgrade of information technology systems by 31 March 2024, with HK$3.5 million already utilized[112]. - The expected timeline for utilizing the unutilized Net Proceeds may change based on future market conditions[118]. Staff and Workforce - As of 31 March 2023, the Group employed 18 staff, a decrease from 23 employees as of 31 March 2022, with total staff costs amounting to approximately HK$6.8 million, down from HK$7.6 million in the previous year[119]. - Four drivers and two logistics assistants were hired to strengthen the Group's workforce as of 31 March 2020[108]. Environmental and Social Responsibility - The Group recognizes the importance of environmental protection and has implemented various measures to minimize operational impact on the environment[120]. - The Group's environmental policies and performance details are outlined in the "Environment, Social and Governance Report" section of the annual report[120].

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佈的內容概不負責，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佈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。 SUN KONG HOLDINGS LIMITED 申港控股有限公司 （於開曼群島註冊成立之有限公司） 8631 （股份代號： ） 2023 3 31 截至 年 月 日止年度之 年度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM 的定位乃為較其他於聯交所上市的公司帶有較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。 GEM GEM 鑒於 上市的公司一般為中小型公司，於 買賣的證券可能會較於主板買賣的證券承 GEM 受較大的市場波動風險，同時無法保證於 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，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佈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。 ...

Financial Performance - The Group recorded a revenue of approximately HK$46.1 million for the nine months ended 31 December 2022, representing a decrease of approximately HK$144.9 million or 75.9% compared to HK$191.0 million for the same period in 2021[8]. - The Group's gross profit margin increased from approximately 2.8% for the nine months ended 31 December 2021 to approximately 3.1% for the nine months ended 31 December 2022[8]. - The Group recorded a loss attributable to the owners of the Company of approximately HK$4.7 million for the nine months ended 31 December 2022, representing an increase of approximately HK$3.9 million or 487.5% compared to a loss of approximately HK$0.8 million for the same period in 2021[8]. - For the three months ended 31 December 2022, the Group's revenue was HK$9.8 million, a decrease from HK$57.8 million in the same period of 2021[11]. - The loss before tax for the nine months ended 31 December 2022 was approximately HK$4.7 million, compared to a loss of HK$0.8 million for the same period in 2021[11]. - The total comprehensive loss for the period was approximately HK$4.7 million for the nine months ended 31 December 2022[11]. - The basic and diluted loss per share for the nine months ended 31 December 2022 was HK$1.18, compared to HK$0.21 for the same period in 2021[11]. - The Group's total equity as of 31 December 2022 was approximately HK$47.3 million, down from HK$54.3 million as of 31 December 2021[12]. - Total revenue for the nine months ended December 31, 2022, was HK$46,085,000, down 76% from HK$190,952,000 in the previous year[31]. - The net loss for the nine months ended 31 December 2022 was approximately HK$4.7 million, an increase of approximately HK$3.9 million or 487.5% from a net loss of approximately HK$0.8 million for the nine months ended 31 December 2021[49]. Revenue Breakdown - Revenue from diesel sales for the three months ended December 31, 2022, was HK$9,226,000, a decrease of 84% compared to HK$57,644,000 in the same period of 2021[31]. - Revenue from the sales of diesel oil accounted for approximately HK$44.9 million, representing approximately 97.5% of the Group's total revenue for the nine months ended 31 December 2022[55]. - Diesel sales revenue accounted for approximately HK$44.9 million, representing about 97.5% of total revenue for the nine months ended 31 December 2022[57]. - The sales quantity of diesel oil decreased by approximately 87.0% from 43.2 million litres to 5.6 million litres for the same period[59]. - The average selling price of diesel oil increased by approximately 81.4% from HK$4.42 per litre to HK$8.02 per litre[60]. - The Group's cost of sales was approximately HK$44.7 million, a decrease of 75.9% from HK$185.5 million for the nine months ended 31 December 2021[62]. - Gross profit decreased by approximately HK$4.0 million or 74.1% from approximately HK$5.4 million to approximately HK$1.4 million for the nine months ended 31 December 2022[74]. Dividends - The Board does not recommend the payment of any dividend for the nine months ended 31 December 2022[8]. - No dividends were recommended for the nine months ended 31 December 2022, consistent with the previous year[41]. - The Group did not recommend the payment of any dividend for the nine months ended December 31, 2022[85]. Operational Challenges - The Group's financial performance reflects significant challenges in the diesel market, necessitating strategic reassessment moving forward[31]. - The purchase cost of diesel oil remained high due to crude oil prices driven by stagflation expectations and economic contraction caused by the COVID-19 pandemic and the Russian-Ukrainian War[46]. - The market demand for diesel oil from the cross-boundary transportation sector has not recovered to normal levels yet, significantly impacting the logistics sector[47]. - The Group will continue to monitor the development of the COVID-19 pandemic and adjust business plans to ensure operational stability[52]. Corporate Governance - The Company is committed to high corporate governance standards and has complied with the Corporate Governance Code throughout the reporting period[146]. - The Audit Committee, established on December 11, 2018, reviewed the unaudited Condensed Consolidated Financial Statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[130]. - The Company has maintained a sufficient public float as required under the GEM Listing Rules as of the report date[151]. - The Company has a written terms of reference for both the Nomination and Remuneration Committees available on the GEM and Company websites[132][139]. - The Company will continuously review and improve its corporate governance practices and standards[149]. Shareholder Information - As of December 31, 2022, Mr. Law Ming Yik holds a long position of 251,110,000 Shares, representing 62.78% of the Company's issued share capital[109]. - Fully Fort Group Limited, wholly owned by Mr. Law, is the beneficial owner of 251,110,000 Shares, also accounting for 62.78% of the Company's issued share capital[118]. - As of December 31, 2022, no other Directors or chief executives had interests or short positions in the Shares or debentures of the Company that required disclosure[111]. - The Company has not been notified of any interests or short positions in the Shares by any person as recorded in the register required under Section 336 of the SFO[119]. Environmental Compliance - The Group has implemented various environmental protection measures to minimize operational impact on the environment and ensure compliance with applicable laws and regulations in Hong Kong[100]. - As of the report date, no prosecution, penalty, or punishment has been imposed on the Group for violations of any applicable environmental laws and regulations[102].

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM. CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which higher in ...

GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more suscep ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...