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 2020 第一季度報告 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 ...

Financial Performance - For the fiscal year ended March 31, 2020, the company recorded revenue of approximately HKD 43.0 million, a decrease of about 3% compared to HKD 44.2 million for the fiscal year ended March 31, 2019[8]. - The profit attributable to owners of the company was approximately HKD 6.8 million, an increase of about 4% from HKD 6.5 million in the previous year, mainly due to an increase in other income of approximately HKD 0.8 million[8]. - The company experienced a decrease in costs, including a reduction of approximately HKD 1.0 million in the cost of sales for computer hardware and software, HKD 2.9 million in rental expenses, and HKD 5.7 million in listing expenses[8]. - Excluding fair value adjustments of investment properties and listing expenses, the profit attributable to owners would decrease by approximately 15% from about HKD 13.3 million in the previous year to about HKD 11.3 million[8]. - The company reported total revenue of HKD 42,957,000 for the year ended March 31, 2020, a decrease of 2.9% from HKD 44,242,000 in the previous year[22]. - Revenue from licensing and maintenance services increased by approximately 8% to about HKD 41.6 million, compared to approximately HKD 38.4 million in the previous year[27]. - Revenue from initial setup and customization services decreased by about 71% to approximately HKD 1.4 million from approximately HKD 4.6 million in the previous year[27]. - Other income significantly increased to approximately HKD 849,000 from about HKD 44,000 in the previous year, mainly due to a substantial increase in bank deposits after obtaining listing proceeds[28]. - For the fiscal year ending March 31, 2020, the company's profit before tax was approximately HKD 9.9 million, an increase of about 9% from approximately HKD 9.1 million for the previous year[44]. - The income tax expense for the fiscal year ending March 31, 2020, was approximately HKD 3.1 million, representing a 21% increase from approximately HKD 2.6 million for the previous year[45]. Business Strategy and Development - The management is committed to focusing on the research and development of innovative IT products and services to provide stable and reliable financial trading solutions[9]. - The company aims to explore new business opportunities to diversify its operations and mitigate risks[9]. - The company believes it is well-prepared to maintain competitiveness and seize market opportunities[9]. - The company is focusing on R&D of financial trading solutions, establishing R&D centers, and selective acquisitions to expand its market share[12]. - The company has launched a cloud version of GES EX and upgraded AUTON to allow users to extract information from big data servers[13]. - The company aims to enhance its position as a fintech solution provider and plans to explore new IT solutions and conduct selective acquisitions[24]. - The company is focusing on developing an interactive web version of AUTON using HTML5, which will accelerate user deployment without software installation[24]. - The company plans to utilize financial resources from its listing to strengthen its financial position and implement its business plans[25]. - The company has made progress in developing cloud-native versions of GES EX and GES IX, including acquiring servers and network equipment[76]. - The company aims to unify its financial trading solutions, with initial plans to start in Q2 2020, but has faced delays[76]. Market and Economic Environment - The company anticipates that the uncertain economic and political environment will impact financial market stability and may adversely affect financial performance in the next fiscal year[9]. - The impact of the COVID-19 pandemic on the group's financial performance for the year ended March 31, 2020, was not significant, but management anticipates potential adverse effects on revenue in 2021[71]. - The group actively seeks to diversify its client base to mitigate risks associated with reliance on existing major clients[160]. - The group did not experience significant payment delays or difficulties in collecting trade receivables during the fiscal year[159]. - The group has not faced any supply shortages or delays during the fiscal year ended March 31, 2020[163]. Corporate Governance - The company is committed to high standards of corporate governance, ensuring shareholder interests and enhancing transparency[82]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[178]. - The company has adopted the GEM Listing Rules Appendix 15 Corporate Governance Code as the basis for its corporate governance practices, maintaining compliance since its listing[177]. - The board is responsible for overall management and strategic planning, including reviewing business performance and approving financial statements and budgets[180]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to enhance governance efficiency[187]. - The audit committee consists of three independent non-executive directors, with Mr. Luo Zhi Hong serving as the chairman[189]. - The company has implemented a framework to protect shareholder rights and enhance corporate value through effective governance practices[176]. Employee and Operational Insights - The company is committed to retaining and attracting experienced employees to support its growth strategy[13]. - The total employee benefits expenses, excluding capitalized costs for software development, amounted to approximately HKD 19.8 million for the year ended March 31, 2020, compared to HKD 17.9 million in the previous year[68]. - Employee benefits expenses increased due to business needs and the implementation of business plans, totaling approximately HKD 1.5 million[34]. - The remuneration policy for employees is based on qualifications, functions, experience, performance, and local market conditions[128]. - The company has implemented measures to protect customer data by limiting employee access to sensitive information[157]. Shareholder Information - The board proposed a final dividend of HKD 0.002 per share for the year ended March 31, 2020, compared to no dividend in the previous year[69]. - As of March 31, 2020, the company's distributable reserves amounted to approximately HKD 9,416,000[121]. - The company has not purchased, sold, or redeemed any of its securities during the fiscal year ending March 31, 2020[118]. - The company maintained the required public float as per GEM listing rules as of March 31, 2020[149]. Risk Management - The company faces various risks including R&D risks, customer retention risks, and supplier concentration risks, which may significantly impact its business and financial performance[54]. - The expected credit loss rate for trade receivables and contract assets as of March 31, 2020, is assessed to be below 1%, consistent with the previous year[58]. - The group has established credit policies to monitor credit risk levels associated with customers and regularly assesses their credit records based on various factors[57]. - The group has implemented compliance procedures to ensure adherence to applicable laws and regulations, with no significant legal issues reported[165].

2019 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。GEM的較高風險及其他特色意味著GEM較適合專業及其他經驗豐富的投資者。 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。 | 公司資料 2 | | --- | | 未經審核簡明綜合全面收益表 3 | | 未經審核 ...

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 2019 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。GEM的較高風險及其他特色意味著GEM較適合專業及其他經驗豐富的投資者。 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 ...

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 2019 第一季度報告 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。GEM的較高風險及其他特色意味著GEM較適合專業及其他經驗豐富的投資者。 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上市規則而刊載，旨在提供有關本集團的資料；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 ...

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 2019 年報 2019 ANNUAL REPORT STOCK CODE: 8635 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。 NOVACON TECHNOLOGY GROUP LIMITED 連成科技集團有限公司 2019 ANNUAL REPORT 年報 NOVACON TECHNOLOGY GROUP LIMITED 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。GEM的較高風險及其他特色意味著GEM較適 合專業及其他經驗豐富的投資者。 連成科技集團有限公司 (incorporated in the Cayman Islands with limited liab ...