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 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。 Novacon Technology Group Limited 連成科技集團有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號:8635) 截至二零二三年九月三十日止六個月的中期業績公告 連成科技集團有限公司(「本公司」,連 同 其 附 屬 公 司 統 稱「本集團」)董 事(「董 事」) 會(「董事會」)欣然宣佈本集團截至二零二三年九月三十日止六個月的未經審 核簡明綜合業績(「二零二三年中期業績」)。列 載 本 公 司 截 至 二 零 二 三 年 九 月 三十日止六個月的中期報告(「二零二三年中期報告」)全 文 的 本 公 告,符 合 聯 交 所GEM證券上市規則(「GEM上市規則」)中有關二零二三年中期業績初步公告隨 附 資 料 的 相 關 規 定。二 零 二 三 年 中 期 報 告 ...

Financial Performance - The company reported unaudited revenue of HKD 6,749,000 for the three months ended June 30, 2023, a decrease of 50.4% compared to HKD 13,595,000 in the same period of 2022[6]. - The net loss for the period was HKD 11,848,000, compared to a profit of HKD 2,668,000 in the previous year, indicating a significant decline in performance[6]. - The company recorded a loss before tax of HKD 13,468,000, compared to a profit before tax of HKD 3,389,000 in the same quarter of the previous year[6]. - The basic loss per share was HKD 2.96, compared to earnings per share of HKD 0.67 in the prior year[6]. - The company reported a net loss attributable to owners of HKD 11,848,000 for the three months ended June 30, 2023, compared to a profit of HKD 2,668,000 in the same period of 2022[22]. - Basic loss per share for the period was HKD (2.96), compared to earnings of HKD 0.67 per share in the previous year[22]. - The group recorded a loss before tax of approximately HKD 13.5 million for the three months ended June 30, 2023, compared to a profit of approximately HKD 3.4 million for the same period in 2022[43]. - The loss attributable to owners of the company for the three months ended June 30, 2023, was approximately HKD 11.9 million, compared to a profit of approximately HKD 2.7 million for the same period in 2022[45]. Revenue Breakdown - Revenue from licensing and maintenance services was HKD 3,634,000, down 65.9% from HKD 10,649,000 in the previous year[12]. - Revenue from initial setup and customization services increased to HKD 3,115,000, up 5.7% from HKD 2,946,000 in the same period last year[12]. - The revenue from licensing and maintenance services decreased by approximately 66% to about HKD 3.6 million for the three months ended June 30, 2023, from approximately HKD 10.6 million in the same period in 2022[30]. - For the three months ended June 30, 2023, total revenue was HKD 6,749,000, a decrease of 50.4% compared to HKD 13,595,000 for the same period in 2022[12]. Expenses and Costs - Employee benefit expenses increased to HKD 14,343,000, up from HKD 4,906,000, reflecting a rise of 192.5% year-over-year[6]. - The company’s total expenses for the quarter included significant costs in employee benefits and financial asset impairments, totaling HKD 14,343,000 and HKD 1,758,000 respectively[6]. - Research and development expenses increased to approximately HKD 8.3 million for the three months ended June 30, 2023, from approximately HKD 3.9 million in the same period in 2022, largely due to the one-time employee bonus[35]. - Financial and contract asset impairment losses for the three months ended June 30, 2023, were approximately HKD 1.8 million, compared to approximately HKD 23,000 in the same period of 2022, largely due to the ongoing impact of the COVID-19 pandemic and rising U.S. interest rates[40]. Equity and Assets - Total equity as of June 30, 2023, was HKD 117,863,000, down from HKD 129,719,000 at the end of the previous quarter[7]. - The company’s non-current assets were located in Hong Kong and China as of June 30, 2023, with all revenue generated in Hong Kong[14]. Corporate Governance - The company has established an audit committee to oversee financial reporting and internal controls, consisting of three independent non-executive directors[72]. - There were no reported violations of the securities trading code by any directors during the relevant period[71]. - The company has confirmed compliance with the securities trading code by all directors throughout the reporting period[68]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023[72]. Future Outlook and Strategy - The company aims to enhance its financial trading solutions and resource allocation software, focusing on market expansion and technological development[9]. - The company plans to establish a research and development center to enhance and upgrade existing financial trading solutions and explore new information technology solutions[28]. - The company aims to diversify its business and expand revenue sources, including entering the fintech market through the establishment of two Hong Kong-registered companies focused on precious metals and blockchain trading activities[28]. - The company is considering strategic acquisitions to enhance its product portfolio, targeting a completion by Q3 2023[76]. - Market expansion plans include entering two new regions, projected to increase market share by 5%[76]. Stock Options and Shareholding - As of June 30, 2023, there were no stock options available for exercise, compared to 29,200,000 options in 2022[55]. - A total of 1,600,000 stock options were granted under the 2020 stock option plan, with 800,000 options granted to a related party[56]. - The exercise price for the 2020 stock options was set at HKD 0.095 per share[56]. - The expected volatility for the 2020 stock options was 55.27% for the first batch and 54.01% for the second batch[57]. - The company’s chairman, Mr. Wai, holds a controlling interest of 210,000,000 shares, representing 52.5% of the issued shares[58]. - The CEO, Mr. Chung, holds a controlling interest of 90,000,000 shares, representing 22.5% of the issued shares[59].

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 之 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。 Novacon Technology Group Limited 連成科技集團有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號:8635) 截至二零二三年六月三十日止三個月的 第一季度業績公告 連成科技集團有限公司(「本公司」,連 同 其 附 屬 公 司 統 稱「本集團」)董 事(「董 事」) 會(「董事會」)欣然宣佈本集團截至二零二三年六月三十日止三個月的未經審 核簡明綜合業績(「二零二三年第一季度業績」)。列 載 本 公 司 截 至 二 零 二 三 年 六月三十日止三個月的第一季度報告(「二零二三年第一季度報告」)全文的本 公 告,符 合 聯 交 所GEM證券上市規則(「GEM上市規則」)中有關二零二三年第一 季 度 業 績 初 步 公 告 隨 附 資 料 的 相 關 規 定。二 零 ...

Financial Performance - For the fiscal year ending March 31, 2023, Novacon Technology Group reported revenue of approximately HKD 52.6 million, a 5% increase from HKD 50.0 million in the previous year[8]. - The company's profit for the same period was approximately HKD 5.7 million, a decline of about 49% from HKD 11.2 million in the prior year, primarily due to impairment losses and increased employee benefits[8]. - Revenue from licensing and maintenance services increased by about 6% to approximately HKD 41.5 million, up from approximately HKD 39.2 million in the previous year[26]. - Revenue from initial setup and customization services slightly increased by about 2% to approximately HKD 11.1 million[26]. - Other net income for the year ended March 31, 2023, was approximately HKD 1.8 million, an increase of about 403% compared to HKD 0.4 million for the year ended March 31, 2022, primarily due to government subsidies and interest income from fixed deposits[29]. - Profit attributable to owners of the company decreased by approximately 49% to HKD 5.7 million for the year ended March 31, 2023, from HKD 11.2 million for the year ended March 31, 2022, due to increased expenses and reduced tax expenses[44]. - The effective tax rate for the year ended March 31, 2023, was approximately 17.6%, down from 19.6% for the year ended March 31, 2022, primarily due to a decrease in profit before tax[43]. Business Strategy and Expansion - Novacon has focused on expanding its professional team and retaining IT talent, establishing a subsidiary in Shenzhen to enhance its IT capabilities[9]. - To increase revenue, Novacon is expanding its services to include fintech, having established two new companies in May 2023 focused on precious metals and blockchain-based trading activities[10]. - Novacon aims to diversify its business and mitigate risks by exploring new business opportunities in the fintech market[10]. - The company plans to establish a research and development center to support its long-term growth strategy in the fintech sector[25]. - The company is committed to enhancing its financial trading solutions and expanding its market presence through selective acquisitions and strategic initiatives[74]. Operational Challenges and Risk Management - The company acknowledges the ongoing challenges posed by the global economic environment, including the residual effects of the COVID-19 pandemic and rising interest rates[9]. - The group has identified several key risks, including R&D risk, customer retention risk, and supplier concentration risk, which could significantly impact its business and financial performance[48]. - The group has implemented measures to mitigate risks associated with customer retention and supplier performance, including competitive compensation and regular evaluations[49]. - The group evaluates credit risk levels related to clients at least once a year through financial and contract asset impairment assessments[171]. Employee and Talent Management - Employee benefits expenses increased by approximately 14% to HKD 22.8 million for the year ended March 31, 2023, from HKD 19.9 million for the year ended March 31, 2022, mainly due to increased employee costs of about HKD 3.4 million[33]. - The group emphasizes employee training and development, providing regular training to ensure employees are updated with the latest knowledge and skills relevant to their roles[167]. - The group has a commitment to maintaining a safe and motivating work environment for employees, with comprehensive onboarding for new hires regarding workplace safety[167]. Corporate Governance and Compliance - The board of directors consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors[190]. - The company has adopted good corporate governance principles as outlined in the GEM Listing Rules[188]. - The roles of the Chairman and CEO are clearly separated, with Mr. Wei Ming serving as Chairman and Mr. Zhong Jiu Gen as CEO, ensuring effective corporate governance[199]. - All independent non-executive directors have confirmed their independence according to GEM Listing Rules[195]. Financial Position and Assets - As of March 31, 2023, the group's net current assets amounted to approximately HKD 70.3 million, an increase from HKD 67.7 million in 2022[47]. - The group's current assets were approximately HKD 77.5 million as of March 31, 2023, compared to HKD 72.1 million in 2022, with cash and cash equivalents accounting for about HKD 61.4 million[47]. - The group has no interest-bearing borrowings as of March 31, 2023, resulting in a net debt to total capital ratio of zero[47]. Shareholder Information and Stock Options - The company has not granted or canceled any stock options as of March 31, 2023[144]. - The stock option plan was adopted on March 29, 2019, to incentivize and reward eligible participants[135]. - The maximum number of stock options available for future grants is 12,800,000 shares, accounting for 3.2% of the total issued shares[141]. - The company aims to retain and attract talented employees through the stock option plan[136]. Client and Supplier Relationships - The group had 28 clients as of March 31, 2023, down from 30 in 2022, with the top five clients accounting for approximately 55.8% of total sales[169]. - The procurement amount from the top five suppliers represented about 82.2% of total procurement for the year ending March 31, 2023, compared to 80.0% in 2022, with the largest supplier accounting for approximately 33.6%[173]. - The group did not experience any supply shortages or delays during the year ending March 31, 2023[174]. Research and Development - The company has made significant progress in developing cloud-native versions of its financial trading solutions, including GES EX and GES IX[68]. - The company has allocated approximately HKD 4.1 million for basic market data subscriptions and corporate datasets, with an additional HKD 1.5 million for cloud server hosting services, and HKD 4.4 million for hiring 5 R&D personnel[70]. - The company plans to continue its focus on research and development, with expectations to complete certain projects by July 2023[74].

Financial Performance - For the three months ended December 31, 2022, the company reported revenue of HKD 13,249,000, an increase of 5.3% compared to HKD 12,578,000 for the same period in 2021[6]. - For the nine months ended December 31, 2022, total revenue reached HKD 41,379,000, up 11.5% from HKD 37,217,000 in the previous year[6]. - The company recorded a net profit of HKD 1,325,000 for the three months ended December 31, 2022, down 44.6% from HKD 2,390,000 in the same period of 2021[6]. - Basic earnings per share for the three months ended December 31, 2022, were HKD 0.33, a decrease of 45.0% compared to HKD 0.60 in the prior year[6]. - The total comprehensive income for the nine months ended December 31, 2022, was HKD 7,781,000, compared to HKD 8,574,000 for the same period in 2021, reflecting a decline of 9.3%[6]. - The company reported a net loss of HKD 991,000 for the nine months ended December 31, 2022, compared to a profit of HKD 470,000 in the same period of 2021[19]. - Profit attributable to the company's owners for the nine months ended December 31, 2022, was approximately HKD 7.8 million, a decrease of about 9% from HKD 8.6 million in the same period of 2021[33]. Revenue Sources - Revenue from licensing and maintenance services for the nine months ended December 31, 2022, was HKD 32,707,000, up 12.5% from HKD 29,070,000 in the previous year[14]. - Other income for the nine months ended December 31, 2022, totaled HKD 1,943,000, significantly increasing from HKD 201,000 in the same period of 2021[18]. - The company received approximately HKD 1,000,000 in wage subsidies under the Hong Kong government's employment support scheme for the period from May to July 2022[18]. Expenses and Costs - Total expenses for the nine months ended December 31, 2022, were HKD 7,349,000, compared to HKD 3,825,000 in the same period of 2021, reflecting a 92.5% increase[21]. - Employee benefit expenses for the three months ended December 31, 2022, were HKD 5,225,000, a decrease of 5.4% from HKD 5,524,000 in the previous year[6]. - Research and development expenses for the nine months ended December 31, 2022, were approximately HKD 11.9 million, compared to HKD 10.6 million in the previous year[40]. - Other expenses rose by approximately 92% to about HKD 7.3 million, mainly due to an increase in trade receivables impairment provisions by approximately HKD 2.5 million[47]. Equity and Assets - The company’s total equity as of December 31, 2022, was HKD 131,790,000, an increase from HKD 124,801,000 as of April 1, 2022[8]. - All revenue for the nine months ended December 31, 2022, was generated in Hong Kong, with non-current assets located in Hong Kong and China[16]. Corporate Governance - The company is committed to high standards of corporate governance, adhering to the principles and code provisions of the GEM Listing Rules[54]. - The company has established an audit committee to oversee financial reporting and internal controls[75]. - No directors or major shareholders have reported any conflicts of interest during the relevant period[74]. Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technology solutions to enhance its service offerings[9]. - The company has implemented strategies to manage costs effectively, resulting in a reduction in certain operational expenses[9]. - Future focus will be on the development of innovative IT products and services, as well as reliable financial trading solutions[34]. - A subsidiary, Shenzhen Gaopu Yi Technology Co., Ltd., was established in June 2022 to explore business opportunities in China and provide reliable human resources support[34]. Share Options and Ownership - The unexercised options under the 2019 share option scheme as of December 31, 2022, totaled 26.4 million shares after accounting for 6.0 million options that were forfeited during the period[58]. - The company adopted a share option scheme on March 29, 2019, to incentivize and reward contributions from eligible participants[55]. - The effective tax rate, excluding non-deductible corporate expenses post-listing, was approximately 19.4% for the nine months ended December 31, 2022, compared to 17.3% for the same period in 2021[51]. - The company recognized share-based payment expenses of approximately HKD 8,000 for the nine months ended December 31, 2022, compared to HKD 6,000 in 2021[64].

Financial Performance - The company's revenue for the three months ended June 30, 2022, was HKD 13,595,000, representing a 15.2% increase from HKD 11,799,000 in the same period of 2021[6] - The profit attributable to the company's owners for the period was HKD 2,668,000, a decrease of 11.6% compared to HKD 3,017,000 in the previous year[6] - Basic and diluted earnings per share were both HKD 0.67, down from HKD 0.75 in the same period last year, reflecting a decline of 10.7%[6] - The company reported a pre-tax profit of HKD 3,389,000, slightly down from HKD 3,613,000, a decrease of 6.2%[6] - Profit before tax decreased by approximately 6% to about HKD 3.4 million, down from approximately HKD 3.6 million in the same period last year, mainly due to a decrease in fair value changes of financial assets[48] - Profit attributable to owners of the company decreased by approximately 12% to about HKD 2.7 million, down from approximately HKD 3.0 million in the same period last year[51] Income and Expenses - Other income increased significantly to HKD 806,000 from HKD 67,000, marking a growth of 1097.0%[6] - Employee benefit expenses rose to HKD 4,906,000 from HKD 4,095,000, indicating an increase of 19.8%[6] - The cost of internet services increased to HKD 816,000 from HKD 759,000, reflecting a rise of 7.5%[6] - Other expenses increased by approximately 21% to about HKD 1.8 million, up from approximately HKD 1.5 million in the same period last year, primarily due to increases in legal and professional fees[46] - Financing costs decreased by approximately 87% to about HKD 2,000, down from approximately HKD 15,000 in the same period last year, as the group repaid all bank loans in November 2021[47] - Income tax expense increased by approximately 21% to about HKD 721,000, compared to approximately HKD 596,000 in the same period last year, due to an increase in profit before tax[50] Equity and Shareholder Information - Total equity attributable to owners increased to HKD 127,471,000 as of June 30, 2022, up from HKD 124,801,000 at the end of the previous quarter[8] - The company did not declare an interim dividend for the three months ended June 30, 2022, compared to no dividend declared in the same period of 2021[28] - As of June 30, 2022, Mr. Wai Ming holds 210,000,000 shares, representing 52.5% of the issued shares through his controlled entity, Essential Strategy[63] - Mr. Chung has 90,000,000 shares, accounting for 22.5% of the issued shares through his controlled entity, Expert Wisdom[63] - The total shares held by Essential Strategy and its beneficial owner, Mr. Wai, is 210,000,000, which is 52.5% of the issued shares[65] - The total shares held by Expert Wisdom and its beneficial owner, Mr. Chung, is 90,000,000, which is 22.5% of the issued shares[65] Corporate Governance - The company is committed to high levels of corporate governance, adhering to the GEM Listing Rules and principles of good governance[53] - The company has established an audit committee in compliance with GEM Listing Rules, which reviews financial reporting and internal controls[73] - The audit committee consists of three independent non-executive directors, with Mr. Lo Chi Hung as the chairman[73] - The company confirms that all directors have complied with the securities trading code during the relevant period[67] - There are no known breaches of the securities trading code by any directors during the relevant period[68] - The company has not granted any rights to directors or senior management to acquire shares or securities during the relevant period[69] Future Outlook and Strategy - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[76] - The company is investing in R&D for new technologies, with an allocation of 10 million HKD for the upcoming year[76] - Market expansion plans include entering two new regions, aiming for a 20% increase in market share within those areas[76] - The company has identified potential acquisition targets to enhance its product offerings and market presence[76] - A new product line is expected to launch in Q3 2022, anticipated to contribute an additional 5 million HKD in revenue[76] - The company has implemented a new strategy focusing on digital transformation to improve operational efficiency[76] Stock Options and Share-Based Payments - The company adopted a share option scheme to incentivize and reward contributions from eligible participants[54] - A total of 36,400,000 stock options were granted under the 2019 stock option plan, with 50% vesting in 2020 and the other 50% in 2021[55] - As of June 30, 2022, 29,200,000 stock options were exercisable, an increase from 16,200,000 in the previous year[56] - The fair value of the stock options granted in 2019 was calculated using the Black-Scholes model, with expected volatility of 55.89% for the first batch and 56.23% for the second batch[56] - A total of 1,600,000 stock options were granted under the 2020 stock option plan, with 50% vesting in 2021 and the other 50% in 2022[57] - As of June 30, 2022, 400,000 stock options from the 2020 plan were exercisable, compared to none in the previous year[60] - The fair value of the stock options granted in 2020 was also calculated using the Black-Scholes model, with expected volatility of 55.27% for the first batch and 54.01% for the second batch[59] - The company recognized approximately HKD 2,000 in share-based payment expenses for the 2020 stock options during the three months ended June 30, 2022[59] - The exercise price for the 2019 stock options was set at HKD 0.178 per share, while the exercise price for the 2020 stock options was HKD 0.095 per share[56][59] - The expected term for the 2019 stock options was 5.5 years for the first batch and 6.0 years for the second batch[56] - The company had no share-based payment expenses recorded for the 2019 stock options during the three months ended June 30, 2022[56] Market and Operational Performance - The company operates primarily in Hong Kong, with all revenue generated in this region for the three months ended June 30, 2022[16] - Major customers contributed significantly to total sales, with Customer A generating HKD 1,974,000 and Customer D generating HKD 1,596,000 in the three months ended June 30, 2022[18] - The company reported a significant increase in user data, with a growth rate of 25% year-over-year in active users[76] - The company reported a net profit margin of 12% for the last quarter, reflecting improved operational performance[76]

NOVACON TECHNOLOGY GROUP LIMITED 連成科技集團有限公 司 (於開曼群島註冊成立的有限公司) 股份代號 : 8635 年報 聯交所GEM特色 GEM的定位，乃為相比起其他在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，並應經過審慎周詳的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買賣的證券可能會較於聯交所主板買賣的證券承受較大的市場波動風險，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GEM上市規則而刊載，旨在提供有關本公司的資料；本公司各董事願就本報告共同及個別地承擔全部 責任。各董事在作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重要方面均屬準確完備，並無誤導 或欺詐成分，且並無遺漏任何其他事項，足以令致本報告或其所載任何陳述產生誤導。 目錄 | 公司資料 | ...

Financial Performance - The company's revenue for the three months ended December 31, 2021, was HKD 12,578,000, representing a 22% increase from HKD 10,311,000 in the same period of 2020[6]. - For the nine months ended December 31, 2021, the revenue reached HKD 37,217,000, up 21% from HKD 30,724,000 in the previous year[6]. - The net profit attributable to the owners of the company for the three months was HKD 2,390,000, a decrease of 5% compared to HKD 2,525,000 in the same quarter of 2020[6]. - Total comprehensive income for the nine months was HKD 8,574,000, slightly down from HKD 8,622,000 in the previous year[6]. - The company reported a profit attributable to owners of the company of HKD 8,574,000 for the nine months ended December 31, 2021, slightly down from HKD 8,622,000 in the same period of 2020[23]. - Basic earnings per share for the nine months ended December 31, 2021, were HKD 2.14, compared to HKD 2.16 for the same period in 2020[23]. - The diluted earnings per share for the nine months ended December 31, 2021, was HKD 2.14, compared to HKD 2.16 for the same period in 2020[25]. - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2021[28]. Revenue Breakdown - Revenue from licensing and maintenance services for the nine months ended December 31, 2021, was approximately HKD 29.07 million, accounting for 78% of total revenue[33]. - Revenue from initial setup and customization services for the nine months ended December 31, 2021, was approximately HKD 8.14 million, accounting for 22% of total revenue[33]. - The revenue from initial setup and customization services increased significantly to HKD 8,138,000 for the nine months ended December 31, 2021, compared to HKD 921,000 in the same period of 2020, representing an increase of 786%[15]. - Revenue from initial setup and customization services increased approximately 784% from about HKD 0.9 million to about HKD 8.1 million for the nine months ended December 31, 2021[34]. - Sales of computer hardware and software generated revenue of approximately HKD 9,000 for the nine months ended December 31, 2021, compared to none in the previous year[34]. - Revenue from licensed and maintenance services decreased approximately 2% from about HKD 29.8 million to about HKD 29.1 million due to contract terminations totaling about HKD 1.5 million[34]. Expenses and Costs - Employee benefits expenses for the nine months were HKD 14,295,000, up 34% from HKD 10,665,000 in the same period of 2020[6]. - The company experienced an increase in expenses totaling approximately HKD 5.3 million, including employee benefits and internet service costs[31]. - Research and development expenses were approximately HKD 10.6 million for the nine months ended December 31, 2021, compared to HKD 7.8 million in the previous year[39]. - The company incurred financing costs of HKD 27,000 for the nine months, significantly reduced from HKD 136,000 in the previous year[6]. - Financing costs decreased approximately 80% from about HKD 136,000 to about HKD 27,000, attributed to the repayment of bank loans and a decline in floating interest rates[46]. - Income tax expense increased approximately 10% from about HKD 2.2 million to about HKD 2.4 million, influenced by a decrease in non-taxable income[49]. Corporate Governance - The company has adopted good corporate governance principles as per GEM Listing Rules Appendix 15, ensuring compliance with all applicable code provisions[52]. - The company aims to enhance shareholder value and transparency through robust corporate governance practices[52]. - The audit committee was established on March 29, 2019, in accordance with GEM Listing Rule 5.28, consisting of three independent non-executive directors[73]. - The audit committee reviewed the unaudited condensed consolidated financial statements for accuracy[12]. - The compliance advisor for the company is Dongxing Securities (Hong Kong) Limited, with no reported interests in the company's equity as of the report date[72]. Shareholder Information - As of December 31, 2021, a total of 32,400,000 stock options were exercisable, an increase from 16,200,000 options in 2020[57]. - The company confirmed a share-based payment expense of approximately HKD 435,000 for the nine months ended December 31, 2021, compared to HKD 964,000 for the same period in 2020[56]. - The company granted a total of 1,600,000 stock options in 2020, with an exercise price of HKD 0.095 per share[58]. - The expected volatility for the 2020 stock options was 55.27% for the first batch and 54.01% for the second batch[59]. - The fair value of the 2019 stock options at grant date was HKD 0.078 per share for the first batch and HKD 0.082 per share for the second batch[56]. - The company has not reported any violations of the securities trading code by its directors as of December 31, 2021[68]. - There are no known interests or conflicts of interest among directors or major shareholders in any competing businesses as of December 31, 2021[71]. - The company’s major shareholders include Mr. Wai, who holds 210,000,000 shares (52.5%), and Mr. Chung, who holds 90,000,000 shares (22.5%) of the company[63][64]. - Essential Strategy, owned by Mr. Wai, and Expert Wisdom, owned by Mr. Chung, collectively hold 300,000,000 shares, representing 75% of the total issued shares[67]. Future Plans - The company plans to continue expanding its market presence and developing new financial trading solutions[10]. - The company plans to allocate resources to enhance and upgrade existing financial trading solutions and explore the development of new IT solutions[32]. - The company has been awarded a Standing Offer Agreement (SOA) to provide IT professional services to Hong Kong government departments, effective from January 31, 2022, for a duration of 48 months[32].

NOVACON TECHNOLOGY GROUP LIMITED 連成科技集團有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8635 中期報告 香港聯合交易所有限公司（「聯交所」）GEM特色 GEM的定位，乃為相比起其他在聯交所主板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，並應經過審慎周詳的考慮後方 作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承 受較大的市場波動風險，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GEM證券上市規則而刊載，旨在提供有關本公司的資料；本公司各董事願 就本報告共同及個別地承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所深知及確 信，本報告所載資料在各重要方面均屬準確完備，並無誤導或欺詐成分，且並無遺漏任何其他 事項，足以令致本報告或其所 ...

Financial Performance - For the three months ended December 31, 2020, the company's revenue was HKD 10,311,000, a decrease of 4.65% compared to HKD 10,815,000 for the same period in 2019[6]. - For the nine months ended December 31, 2020, the company's revenue was HKD 30,724,000, down 3.63% from HKD 31,883,000 in the previous year[6]. - The net profit attributable to the company's owners for the three months ended December 31, 2020, was HKD 2,525,000, compared to HKD 914,000 for the same period in 2019, representing a significant increase of 176.5%[6]. - The net profit attributable to the company's owners for the nine months ended December 31, 2020, was HKD 8,622,000, an increase of 244.5% from HKD 2,504,000 in the previous year[6]. - The company's basic and diluted earnings per share for the three months ended December 31, 2020, were HKD 0.63, compared to HKD 0.23 for the same period in 2019[6]. - The total comprehensive income for the nine months ended December 31, 2020, was HKD 8,622,000, reflecting strong performance in the current fiscal year[7]. - The company reported a fair value gain on financial assets of HKD 494,000 for the nine months ended December 31, 2020, compared to no gain in the previous year[6]. - For the nine months ended December 31, 2020, total revenue was HKD 30,724,000, a decrease of 3.6% compared to HKD 31,883,000 for the same period in 2019[13]. - The company reported a profit attributable to owners of HKD 8,622,000 for the nine months ended December 31, 2020, compared to HKD 2,504,000 for the same period in 2019, representing a significant increase of 244.5%[20]. - Basic earnings per share for the nine months ended December 31, 2020, was HKD 2.16, compared to HKD 0.64 for the same period in 2019, reflecting a growth of 237.5%[20]. - The profit before tax was approximately HKD 10.8 million, a significant increase from approximately HKD 5.2 million for the same period in 2019, representing an increase of about 107.7%[42]. - The profit attributable to the owners of the company for the nine months ended December 31, 2020, was approximately HKD 8.6 million, an increase of about 244% from approximately HKD 2.5 million for the same period in 2019[44]. Expenses and Costs - Employee benefit expenses for the three months ended December 31, 2020, were HKD 4,327,000, down 17.1% from HKD 5,223,000 in the same period of 2019[6]. - The company incurred listing expenses of HKD 4,528,000 in the previous year, which impacted the financial results[6]. - The estimated tax expense for the nine months ended December 31, 2020, was HKD 2,177,000, a decrease of 18.1% from HKD 2,659,000 in the same period of 2019[18]. - Interest income from fixed deposits for the nine months ended December 31, 2020, was HKD 223,000, down 8.2% from HKD 243,000 in the same period of 2019[16]. - Employee benefits expenses decreased by about 3% to approximately HKD 10.7 million, primarily due to a reduction in performance bonuses and severance payments[35]. - Other expenses decreased by approximately 31% to about HKD 2.7 million, primarily due to a reduction in legal and professional fees[40]. - Financing costs decreased from approximately HKD 167,000 to about HKD 136,000, mainly due to a reduction in floating interest rates[41]. Government Support and Subsidies - The company received government subsidies totaling approximately HKD 1,619,000 for the nine months ended December 31, 2020, under the Employment Support Scheme[17]. - The company has committed to not reducing staff during the subsidy period as a condition for receiving the Employment Support Scheme subsidy[17]. Strategic Plans and Developments - The company aims to continue developing financial trading solutions and resource allocation software, focusing on market expansion and technological advancements[8]. - The company plans to allocate resources to enhance and upgrade existing financial trading solutions and explore the development of new information technology solutions[27]. - The company has submitted a proposal for the development of non-financial IT solutions and won the project in May 2020, with expectations to launch part of the solutions by April 2021[28]. - The company aims to diversify its revenue sources to mitigate risks associated with its reliance on financial trading solutions[28]. - The board believes that the significant impact of the COVID-19 pandemic on the global economy and financial markets may continue to adversely affect the company's financial performance in the next fiscal year[28]. Share Capital and Options - The company has a total issued share capital of 10 billion shares with a par value of HKD 0.01 per share as of December 31, 2020[23]. - The company granted a total of 38,000,000 share options under its share option scheme, with 5,600,000 options granted to related parties[50]. - The share options granted in 2020 are divided into two tranches, each representing 50% of the total options, with the first tranche vesting on November 3, 2021[50]. - The total number of stock options granted in 2020 was 1,600,000, increasing the total unexercised stock options to 34,000,000[51]. - As of December 31, 2020, the company had 16,200,000 stock options available for exercise, compared to zero in 2019[52]. - The exercise price for the 2020 stock options was HKD 0.095, while the 2019 options had an exercise price of HKD 0.178[51]. - The fair value per share at the grant date for the 2020 stock options was HKD 0.046 for the first batch and HKD 0.047 for the second batch[51]. - The company recognized share-based payment expenses of approximately HKD 972,000 for the nine months ended December 31, 2020, compared to HKD 622,000 in 2019[51]. Corporate Governance - The company is committed to high standards of corporate governance, which it believes is essential for protecting shareholder interests and enhancing corporate value[48]. - The audit committee, established on March 29, 2019, consists of three independent non-executive directors[65]. - The company has adopted a written terms of reference for the audit committee in accordance with GEM Listing Rules[65]. - The company has adopted a strict code of conduct for securities trading in compliance with GEM listing rules[59]. - The compliance advisor, Dongxing Securities (Hong Kong) Limited, has no interests in the company's equity as of the report date[64]. - The company has not granted any rights to directors or senior executives to acquire shares or debt securities as of December 31, 2020[62]. - No other directors or senior management held any disclosable interests in the company's shares as of December 31, 2020[55]. - The company does not have any knowledge of any directors violating the securities trading code as of December 31, 2020[60]. Shareholder Information - Major shareholders include Essential Strategy with 210,000,000 shares (52.5%) and Expert Wisdom with 90,000,000 shares (22.5%) as of December 31, 2020[58]. - The company’s directors and senior management held significant interests, with the chairman owning 52.5% through a controlled corporation[54]. - Mr. Wei holds 210,000,000 shares through his wholly-owned company Essential Strategy[60]. - Mr. Zhong holds 90,000,000 shares through his wholly-owned company Expert Wisdom[60]. - There are no interests held by directors or controlling shareholders in any business that directly or indirectly competes with the group as of December 31, 2020[63].