Financial Performance - For the six months ended December 31, 2021, the group's revenue was approximately MYR 27.7 million, an increase of about 51.4% compared to the same period last year[7]. - The gross profit for the six months ended December 31, 2021, increased by approximately 30.5% to about MYR 7.7 million[7]. - The company reported a pre-tax profit of MYR 1.319 million for the three months ended December 31, 2021, compared to a loss of MYR 0.617 million for the same period in 2020[10]. - The total comprehensive income for the period was MYR 702,000, compared to a loss of MYR 483,000 for the same period in 2020[10]. - The company reported a pre-tax profit of 347 thousand MYR for the six months ended December 31, 2021, compared to 264 thousand MYR for the same period in 2020, indicating a year-over-year increase of approximately 31.5%[27]. - The company’s basic and diluted earnings per share for the six months ended December 31, 2021, was MYR 0.01 sen, compared to a loss of MYR 0.09 sen for the same period in 2020[10]. - The total tax expense for the six months ended December 31, 2021, was 642,000 MYR, compared to 754,000 MYR for the same period in 2020, indicating a decrease of about 14.8%[109]. - The total comprehensive loss decreased from RM 0.5 million for the six months ended December 31, 2020, to RM 0.3 million for the same period in 2021[172]. Revenue Breakdown - Revenue from Malaysia was RM 27,222,000, while revenue from China was RM 476,000, indicating a significant contribution from the Malaysian market[50]. - The group generated hardware sales of RM 10,335,000 and service revenue of RM 15,130,000 for the six months ended December 31, 2021[95]. - Revenue from network support services rose by approximately 134.4%, contributing significantly to the overall revenue increase[160]. - Revenue from hardware sales and rentals increased by approximately MYR 7.9 million or 171.7%, reaching approximately MYR 12.5 million for the six months ended December 31, 2021[161]. Expenses and Costs - Administrative and other operating expenses for the six months ended December 31, 2021, were MYR 507,000, compared to MYR 7.069 million for the same period in 2020[10]. - Employee costs, including directors' remuneration, decreased to 53,000 MYR for the six months ended December 31, 2021, down from 71,000 MYR in the same period of 2020, representing a reduction of approximately 25.4%[120]. - The cost of sales and services increased by approximately MYR 7.6 million or 61.3%, totaling approximately MYR 20.0 million for the six months ended December 31, 2021[163]. - Administrative and other operating expenses increased by RM 2.2 million or 44.9% to RM 7.1 million for the six months ended December 31, 2021, primarily due to higher depreciation and employee costs[169]. Cash Flow and Assets - The company experienced a net cash outflow of 10,607 thousand MYR in cash and cash equivalents for the six months ended December 31, 2021, compared to a net outflow of 1,197 thousand MYR in the same period of 2020[35]. - As of December 31, 2021, total assets amounted to 58,192 thousand MYR, an increase from 57,420 thousand MYR as of June 30, 2021, reflecting a growth of approximately 1.35%[13]. - The net current assets increased to 33,750 thousand MYR from 31,141 thousand MYR, representing a growth of about 8.4%[13]. - The company’s cash and cash equivalents at the end of the reporting period were 9,297 thousand MYR, down from 18,280 thousand MYR at the end of the previous year[35]. - As of December 31, 2021, the group had cash and bank balances of approximately RM 11.5 million, down from RM 20.3 million as of June 30, 2021[174]. Liabilities and Equity - Total equity as of December 31, 2021, was 51,832 thousand MYR, slightly down from 52,127 thousand MYR as of June 30, 2021, reflecting a decrease of about 0.56%[16]. - The company reported a total of MYR 14,508,000 in current and non-current liabilities as of December 31, 2021, compared to MYR 15,291,000 as of June 30, 2021, reflecting a decrease of approximately 5.1%[134]. - As of December 31, 2021, trade payables decreased to MYR 1,645,000 from MYR 4,298,000 as of June 30, 2021, representing a decline of approximately 62.3%[134]. - Contract liabilities increased to MYR 10,254,000 from MYR 7,864,000, indicating a growth of about 30.1%[134]. Strategic Initiatives - The company aims to expand its network support and connectivity services into markets outside Malaysia, specifically targeting Hong Kong and the People's Republic of China[149]. - A strategic partnership was established with Hangzhou Super Technology Co., Ltd. to provide cloud computing and blockchain-based internet solutions from October 1, 2021, to December 31, 2024[150]. - The company is expanding its product and service offerings to attract new contracts and mitigate risks associated with contract acquisition[155]. - The company has developed new services, including secure cloud services and data content management centers, to diversify revenue sources and reduce reliance on traditional network support services[153]. Risk Management - The board regularly reviews major risk areas and appropriate risk mitigation strategies, considering the risk management system effective and adequate[157]. - The company is closely monitoring overdue payments to manage risks related to customer payment delays and defaults[155]. - The company emphasizes the importance of maintaining network availability and stability amid ongoing COVID-19 challenges, which have accelerated digital transformation[145]. - The company plans to monitor economic conditions closely and adjust its management and sales strategies accordingly to mitigate market volatility[149]. Compliance and Reporting - The financial statements were prepared in accordance with International Financial Reporting Standards and have not been audited by independent auditors[44]. - The group has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on the financial statements[44]. - The group’s operations are identified as a single operating segment, with no further analysis presented for this segment[48].

Financial Performance - The group's revenue for the three months ended September 30, 2021, was approximately MYR 8.3 million, a decrease of about 3.5% compared to the same period last year[7]. - Gross profit for the same period decreased by approximately 25.0% to about MYR 2.4 million[7]. - The company reported a loss per share of approximately 0.11 sen for the three months ended September 30, 2021, compared to a loss of 0.01 sen for the same period in 2020[7]. - The total comprehensive loss for the period was MYR 997,000, compared to a loss of MYR 7,000 in the previous year[10]. - The company reported a net loss of 676 thousand MYR for the period, compared to a loss of 321 thousand MYR in the previous period[18]. - Revenue decreased by approximately 0.3 million MYR or 3.5% to about 8.3 million MYR for the three months ended September 30, 2021, primarily due to a 7.1% decrease in revenue from network support services[58]. - The total loss and comprehensive expenses increased by approximately 1.0 million MYR to about 1.0 million MYR for the three months ended September 30, 2021, due to decreased revenue and increased costs[68]. Expenses and Costs - The cost of sales for the three months was MYR 5.919 million, compared to MYR 5.414 million in the previous year[10]. - Administrative and other operating expenses totaled MYR 3.266 million for the period[10]. - Employee costs, including directors' remuneration, amounted to 1,464 thousand MYR for the three months ended September 30, 2021, up from 1,085 thousand MYR in the same period of 2020, reflecting a 35% increase[37]. - The total income tax expense for the period was 25 thousand MYR, a substantial increase from 19 thousand MYR in the same period of 2020[39]. - Total sales and service costs increased by approximately 0.5 million MYR or 9.3% to about 5.9 million MYR for the three months ended September 30, 2021[60]. - Administrative and other operating expenses rose by approximately 0.9 million MYR or 37.5% to about 3.3 million MYR, driven by increased depreciation and employee costs[65]. Equity and Shareholding - The company's total equity attributable to owners was MYR 54.465 million as of September 30, 2021[12]. - The company’s total equity attributable to equity holders was 51,130 thousand MYR as of September 30, 2021[18]. - As of September 30, 2021, Tan Datuk holds 303,750,000 shares, representing approximately 50.625% of the company's issued share capital[73]. - Mr. Yu holds 112,500,000 shares, accounting for about 18.75% of the company's issued share capital[73]. - The shareholding structure indicates significant control by major shareholders, with Tan Datuk and Mr. Yu collectively holding over 69% of the company[82]. Corporate Governance - The audit committee consists of three independent non-executive directors as of September 30, 2021, ensuring robust oversight of financial reporting and compliance with applicable accounting standards and GEM listing rules[92]. - The company adopted and complied with the corporate governance code during the three months ended September 30, 2021, to ensure proper regulation of business activities and decision-making processes[93]. - The company believes that the dual role of the Chairman and CEO held by Eric Tan is in the best interest of the group, despite a deviation from the corporate governance code[95]. - The company has implemented appropriate checks and balances through the board and independent non-executive directors[95]. Strategic Developments - On July 26, 2021, the company acquired 100% of the shares of China Rice Bug Technology Holdings Limited for 8,000 HKD, which has been consolidated into the financial statements[49]. - The company aims to enhance its capital strength and resources for future development, marking a significant milestone since its listing on the GEM of the Stock Exchange on December 9, 2019[51]. - The company aims to expand its network support and connectivity services to markets outside Malaysia, specifically Hong Kong and the People's Republic of China[56]. - The company entered into a strategic cooperation agreement with Hangzhou Super Technology Co., Ltd. to provide cloud computing and blockchain-based internet solutions from October 1, 2021, to December 31, 2024[57]. Impact of COVID-19 - The COVID-19 pandemic has accelerated the digital agenda, leading to increased demand for internet connectivity and higher bandwidth services as businesses adapt to new operational models[55]. - The company has adapted quickly to new operational procedures due to COVID-19, minimizing disruptions and maintaining productivity levels[55]. - The company continues to prioritize the health and safety of its employees and clients while enhancing its network infrastructure to ensure connectivity services are available at all times[55]. Miscellaneous - The company has not disclosed any new product or technology developments in this report[7]. - The company has not recognized any significant government subsidies during the period, with only minor amounts reported[33]. - The company has not made any significant acquisitions or disposals of subsidiaries or associates during the three months ended September 30, 2021[71]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended September 30, 2021[100]. - There were no known conflicts of interest involving directors or major shareholders in any business that may compete with the group as of September 30, 2021[97]. - The report contains forward-looking statements regarding the group's financial condition and operational performance, which are subject to known and unknown risks[101].

Financial Performance - Nomad Technologies Holdings Limited reported a revenue increase of 4.5% for the fiscal year ending June 30, 2021, despite challenges posed by the COVID-19 pandemic[10]. - The group's overall revenue increased by 7% compared to the previous year, despite the challenges posed by the COVID-19 pandemic[15]. - Revenue increased from approximately RM 37.1 million for the year ended June 30, 2020, to approximately RM 39.8 million for the year ended June 30, 2021, representing a growth of 7.3%[40]. - Revenue from network support services rose by approximately RM 1.7 million or 17.5% to RM 11.4 million, while revenue from network management and security services decreased by RM 1.3 million or 31.0% to RM 2.9 million due to COVID-19 impacts[41]. - Revenue from network connectivity services increased by approximately RM 2.4 million or 11.1% to RM 24.1 million, driven by new contracts with existing and new customers[41]. - Total comprehensive loss increased by approximately RM 1.7 million or 283.3% to RM 2.3 million, influenced by increased revenue, higher costs, and administrative expenses[52]. Strategic Initiatives - The company aims to strengthen its position as a key player in the Malaysian information and communication technology sector following its successful listing on the Hong Kong Stock Exchange on December 9, 2019[10]. - The group plans to expand its network support and connectivity services into markets outside Malaysia, specifically targeting Hong Kong and mainland China[17]. - In July 2021, the group acquired 100% of the shares of MiChong Technology Holdings Limited and its subsidiary, enhancing its capabilities in IT services and cloud security[17]. - A strategic cooperation agreement was established with Hangzhou Super Technology Co., Ltd. to provide cloud computing and blockchain-based internet solutions from October 2021 to December 2024[17]. - The group remains optimistic about business expansion despite the uncertain economic environment, leveraging financial resources obtained from its listing[16]. Economic Environment - Malaysia's economic growth forecast for 2021 has been revised down to 4.5% from an earlier estimate of 6.0% due to the resurgence of COVID-19 cases and slower vaccine rollout[10]. - The company emphasizes the importance of effective management measures to mitigate the impact of the pandemic on individuals, families, and businesses[11]. - Future recovery policies should include conditional wage subsidies and improved loan approval processes to support business liquidity[11]. - The company is focused on long-term structural reforms to achieve a private sector-led economic recovery post-pandemic[11]. - The group acknowledges the ongoing uncertainty in the market, which has led to a cautious approach towards new projects and expenditures[22]. Operational Adjustments - The company acknowledges the need for cautious spending and expansion in light of the ongoing global pandemic[10]. - The group aims to streamline its management systems and adjust its operational and sales strategies in response to ongoing market challenges[15]. - The company is committed to closely monitoring the impact of COVID-19 on its financial status and operational performance, taking necessary measures to maintain business stability[22]. - The group has implemented strict health measures in the office to monitor and mitigate the impact of COVID-19 on operations[33]. - The group is focused on developing existing businesses cautiously while seeking better opportunities to mitigate adverse impacts from current market volatility[28]. Governance and Compliance - The management is committed to ensuring the accuracy and completeness of the financial report, confirming no misleading information is present[5]. - The board has established effective risk management and internal control systems to safeguard the group's assets and shareholder interests[30]. - The board report includes audited consolidated financial statements for the year ending June 30, 2021[110]. - The audit committee reviewed the consolidated financial statements for the fiscal year ending June 30, 2021, ensuring compliance with applicable reporting standards[182]. - The board emphasizes the importance of good corporate governance standards to protect shareholder interests and enhance company value[196]. Shareholder Information - The board did not recommend a final dividend for the year ended June 30, 2021, consistent with no dividends declared for the previous year[67]. - The available reserves for distribution as of June 30, 2021, were approximately 36.6 million MYR, compared to 37.9 million MYR in 2020[127]. - The company has maintained sufficient public float, with 25% of the issued shares held by the public as of June 30, 2021[186]. - The controlling shareholder has confirmed compliance with a non-competition agreement as of November 11, 2019[144]. - As of June 30, 2021, Tan has a controlled interest of 337,500,000 shares, representing approximately 56.25% of the company[149].

Financial Performance - For the six months ended December 31, 2020, the company's revenue was approximately 18.3 million MYR, a decrease of about 6.4% compared to 19.6 million MYR in the same period last year[9]. - Gross profit for the same period decreased by approximately 26.2% to about 5.9 million MYR, down from 8.0 million MYR in the previous year[10]. - The company reported a loss of approximately 0.5 million MYR for the six months ended December 31, 2020, which is a 46.9% improvement compared to a loss of 0.9 million MYR in the prior year[10]. - Excluding listing expenses and income tax expenses, the profit for the period would be approximately 0.3 million MYR, a decrease of about 94.3% from 4.6 million MYR in the same period last year[10]. - The company's basic and diluted loss per share for the period was 0.09 sen, compared to 0.19 sen in the previous year[13]. - The total comprehensive loss for the period was 0.5 million MYR, compared to a loss of 0.9 million MYR in the same period last year[13]. - Revenue decreased by approximately 1.3 million MYR or 6.6% to about 18.3 million MYR for the six months ended December 31, 2020, primarily due to a 32.6% decrease in network support service revenue[118]. - The total revenue for the six months ended December 31, 2020, was RM 10,249,000, a decrease from RM 11,508,000 in the previous year, indicating a decline of approximately 10.9%[77]. Operational Efficiency and Strategy - The management indicated a focus on improving operational efficiency and exploring new market opportunities to drive future growth[10]. - The company is actively working on new product development and technological advancements to enhance its competitive position in the market[10]. - The company aims to enhance customer engagement and explore higher-value offerings in response to increased demand for network connectivity services due to remote work trends[95]. - The company is committed to maintaining a prudent approach to business development while seeking better opportunities to mitigate current market volatility[97]. - The company launched new services, including secure cloud services and data content management centers, to diversify revenue sources and mitigate risks associated with traditional network support services[102]. - The company is actively expanding its product and service offerings to attract new contracts and enhance customer relationships[109]. Financial Position - Non-current assets decreased from 29,776 thousand MYR to 27,467 thousand MYR, a decline of approximately 7.7%[15]. - Current assets decreased slightly from 39,608 thousand MYR to 39,281 thousand MYR, a decrease of about 0.8%[15]. - Current liabilities decreased from 11,444 thousand MYR to 9,773 thousand MYR, a reduction of approximately 14.6%[15]. - Net current assets increased from 28,164 thousand MYR to 29,508 thousand MYR, an increase of about 4.7%[15]. - Total assets less current liabilities remained stable, decreasing marginally from 59,169 thousand MYR to 59,081 thousand MYR[15]. - The company’s total equity decreased from 54,451 thousand MYR to 53,961 thousand MYR, a decrease of about 0.9%[18]. - The company reported a pre-tax profit of 264 thousand MYR, down from 340 thousand MYR, a decline of approximately 22.4%[26]. - The company’s trade payables decreased to RM 1,762,000 from RM 4,185,000 as of June 30, 2020, representing a decline of approximately 57.8%[83]. - The company reported total current liabilities of RM 12,677,000 as of December 31, 2020, down from RM 13,837,000 as of June 30, 2020, a decrease of approximately 8.4%[83]. Market Conditions and Future Outlook - Future guidance remains cautious due to ongoing market volatility and economic uncertainties impacting the industry[10]. - The company anticipates challenges and opportunities in the 2020/2021 fiscal year due to ongoing economic uncertainty, with a focus on streamlining management systems and adjusting operational strategies[97]. - The impact of COVID-19 on the business operations and financial performance is still being assessed, with ongoing monitoring of the situation[140]. Employee and Operational Costs - Employee costs, including directors' remuneration, decreased to 1,168 thousand MYR for the six months ended December 31, 2020, from 2,334 thousand MYR in the same period of 2019, a reduction of 50.0%[50]. - Employee costs for the six months ending December 31, 2020, were approximately MYR 2.4 million, compared to MYR 2.3 million for the same period in 2019[162]. - The company employed 47 staff members as of December 31, 2020, down from 51 employees a year earlier[162]. Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring rich business experience in financial and legal matters[177]. - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the six months ended December 31, 2020[180]. - The board believes that the dual role of the chairman and CEO held by Tan is in the best interest of the company, ensuring effective management and business planning[180]. - The company has confirmed compliance with the prescribed trading standards for directors as per GEM Listing Rules during the six months ended December 31, 2020[181]. Risk Management - The company recognizes the significant risks associated with its business operations and is focused on establishing effective risk management and internal control systems[98]. - The board believes that the risk management and internal control systems are effective and adequate, with ongoing evaluations planned[114]. - Forward-looking statements in the interim report involve known and unknown risks that may lead to actual performance differing significantly from those expressed[186].

Financial Performance - For the three months ended September 30, 2020, the company's revenue was approximately 8.6 million MYR, a decrease of about 13.1% compared to 9.9 million MYR in the same period last year[8]. - Gross profit for the same period decreased by approximately 14.7% to about 3.2 million MYR from 3.7 million MYR year-on-year[9]. - The company reported a loss of approximately 7,000 MYR for the three months ended September 30, 2020, while profit excluding listing expenses and income tax expenses was about 0.4 million MYR, a decrease of approximately 84.4% compared to 2.7 million MYR in the previous year[9]. - The total comprehensive income for the period was a loss of 7,000 MYR, compared to a profit of 1.2 million MYR in the previous year[12]. - The financial performance indicates a significant decline in profitability and revenue, highlighting challenges faced during the quarter[8]. - The total loss for the three months ended September 30, 2020, was approximately RM 7,000, compared to a profit of RM 1.2 million for the same period in 2019[66]. Revenue Breakdown - Revenue from network connection services was 5,785 thousand MYR, an increase of 9.2% from 5,298 thousand MYR in the previous year[31]. - Revenue from hardware sales was 498 thousand MYR, down 52.7% from 1,052 thousand MYR in the same quarter of 2019[31]. - Revenue from network support services decreased by approximately 39.1%, while revenue from network connectivity services increased by approximately 9.4%[56]. - Revenue from on-site hardware installation decreased by approximately RM 0.5 million or 71.4% to RM 0.2 million for the three months ended September 30, 2020[56]. Expenses and Costs - Administrative and other operating expenses increased by approximately RM 1.8 million or 180% to RM 2.8 million for the three months ended September 30, 2020[62]. - Employee costs for the three months ended September 30, 2020, amounted to 1,213 thousand MYR, up from 1,018 thousand MYR in the same period of 2019, reflecting a 19% increase[36]. - Financing costs decreased by approximately RM 63,000 or 66.3% to RM 32,000 for the three months ended September 30, 2020[63]. - Sales and service costs decreased by approximately RM 0.8 million or 12.9% to RM 5.4 million for the three months ended September 30, 2020[57]. - Income tax expenses decreased by approximately RM 0.4 million or 50% to RM 0.4 million for the three months ended September 30, 2020[64]. Shareholder Information - The total equity attributable to owners of the company as of September 30, 2020, was 54,444 thousand MYR, slightly down from 54,451 thousand MYR as of July 1, 2020[16]. - As of September 30, 2020, Tan Datuk and Ms. Kwong each hold 337,500,000 shares, representing 56.25% of the company's equity[77]. - Advantage Sail holds 303,750,000 shares, accounting for 50.625% of the company's equity[77]. - Robust Cosmos holds 33,750,000 shares, which is 5.625% of the company's equity[77]. - Mr. Fu holds 112,500,000 shares, representing 18.75% of the company's equity[77]. - The company has not granted any share options under the share option scheme since its adoption on November 11, 2019[81]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading information was presented[3]. - The audit committee reviewed the unaudited condensed consolidated financial performance for the three months ended September 30, 2020, ensuring compliance with applicable accounting standards[85]. - The company adopted and complied with the corporate governance code during the three months ended September 30, 2020, with some deviations noted[86]. - All directors confirmed compliance with the trading standards for securities transactions as of September 30, 2020[87]. Future Outlook - The company aims to address these challenges through strategic initiatives and potential market expansion[9]. - Future outlook remains cautious as the company navigates through the current market conditions[9]. - The company remains optimistic about the demand for IT-related services despite market uncertainties due to COVID-19, which has accelerated the need for technology solutions[50]. - The company anticipates facing more challenges and opportunities in the current fiscal year, emphasizing the need for adaptive management strategies[53]. - The company aims to seek better business opportunities to mitigate the impact of current market volatility and improve performance for shareholders[53]. Other Information - The company operates primarily in Malaysia, with all revenue from external customers generated in this region[28]. - The company has not adopted any new or revised International Financial Reporting Standards that would significantly impact the financial statements[25]. - The company's capital structure remained unchanged since its listing on December 9, 2019[67]. - The report contains forward-looking statements regarding the group's financial condition and operational performance, which may differ significantly from actual results due to known and unknown risks[92]. - The board expresses gratitude for the contributions and dedication of all employees, highlighting the importance of their support for the company's ongoing success[95].

Company Listing and Financial Position - The company successfully listed on the Hong Kong GEM on December 9, 2019, marking a significant milestone for the fiscal year 2019/20[10] - The company successfully listed on the GEM of the Stock Exchange on December 9, 2019, raising funds for future development[17] - The company aims to enhance its financial position using resources obtained from the IPO to implement business strategies outlined in the prospectus dated November 25, 2019[11] - The net proceeds from the share issuance amounted to approximately 28.0 million HKD, with planned allocations including 4.6 million HKD (16.4%) for cloud data content management solutions[69] - As of June 30, 2020, the company had unutilized net proceeds of approximately 2.262 million HKD from the share issuance[71] - The company did not recommend any dividends for the year ending June 30, 2020, consistent with the previous year[61] - As of June 30, 2020, the group's distributable reserves were approximately MYR 37.9 million, an increase from MYR 19.2 million in 2019[118] Impact of COVID-19 - The company reported challenges due to the COVID-19 pandemic, which impacted business operations and project negotiations[10] - The COVID-19 pandemic has negatively impacted business operations and overall economic conditions, affecting negotiations with existing clients and the acquisition of new clients[17] - The company anticipates short-term challenges as clients adopt a "wait-and-see" approach due to economic uncertainties[11] - The COVID-19 pandemic has impacted business operations, with the company closely monitoring its financial condition and operational performance[65][68] Revenue and Financial Performance - The group's revenue decreased from approximately RM 41.4 million for the year ended June 30, 2019, to approximately RM 37.1 million for the year ended June 30, 2020, a decline of RM 4.3 million or 10.4%[36] - Revenue from network support services decreased by approximately 26.0%, while revenue from network connectivity services increased by approximately 5.3%[36] - Revenue from on-site hardware installation dropped by approximately RM 3.6 million or 70.6%, from RM 5.1 million to RM 1.5 million[37] - Other income increased by 100% from approximately RM 0.4 million to RM 0.8 million, primarily due to increased interest income from bank deposits[41] - The total comprehensive loss for the year ended June 30, 2020, was approximately RM 0.6 million, compared to a profit of RM 8.5 million for the year ended June 30, 2019[48] Risk Management - The company faces significant risks related to reliance on major clients, with potential losses if any of these clients are lost[27] - The company is attempting to increase revenue to compensate for the expiration of tax exemption qualifications, which may impact future financial performance[31] - The board regularly reviews major risk areas and appropriate risk mitigation strategies, considering leasing equipment if it is more advantageous than purchasing[33] - The company believes that its risk management and internal control systems are effective and sufficient[33] - The financial risks, including tax status and potential depreciation expenses, may adversely affect future financial performance[31] Business Strategy and Development - The company aims to accelerate development to respond to market demands and diversify its ICT services to adapt to current conditions[18] - The company has introduced new revenue sources, including secure cloud services and data content management centers, to mitigate risks associated with traditional network support services[23] - The company is expanding its product and service offerings to attract new contracts and enhance market visibility[25] - The company is optimistic about new ICT services complementing existing business operations[11] - The company is committed to a prudent approach in developing existing businesses and seeking better opportunities to mitigate current market volatility[11] Corporate Governance - The board of directors emphasizes the importance of good corporate governance standards to protect shareholder interests and enhance company value[173] - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced governance structure[178] - The independent non-executive directors confirm their independence according to GEM Listing Rules, ensuring compliance with governance standards[182] - The company has adopted the GEM Listing Rules as the basis for its corporate governance practices, with a commitment to transparency and accountability[173] - The company has implemented appropriate checks and balances through the board and independent non-executive directors to maintain effective decision-making[180] Employee and Operational Insights - As of June 30, 2020, the total number of employees was 50, with employee costs amounting to approximately 5.2 million MYR, an increase from 4.5 million MYR as of June 30, 2019[57] - The company acknowledges the contributions of all employees and stakeholders in its ongoing success[169] - All directors participated in ongoing professional development, with training records submitted for the year ending June 30, 2020[193] Auditor and Compliance - Deloitte served as the company's auditor until June 5, 2020, when they resigned due to a disagreement over audit fees[163] - The new auditor, Zhongzheng Zhonghuan (Hong Kong) CPA Limited, was appointed to fill the vacancy until the next annual general meeting[163] - The company ensures compliance with GEM listing rules and provides updates on regulatory requirements to all directors[193] Shareholder Information - The company has a share option plan that allows for the issuance of up to 10% of the total shares in circulation as of the listing date, which amounts to 60,000,000 shares[146] - As of June 30, 2020, there were no share options granted, exercised, cancelled, or lapsed under the share option plan[146] - The company maintained sufficient public float, with 25% of the issued shares held by the public as of June 30, 2020[162]

Financial Performance - The company's revenue for the nine months ended March 31, 2020, was approximately RM 27.98 million, a decrease of 7.9% compared to RM 30.37 million in the same period last year[11]. - Gross profit for the same period decreased by 24.4% to approximately RM 9.97 million, down from RM 13.20 million year-on-year[12]. - The net profit for the nine months was approximately RM 0.85 million, a significant decline of 90.9% from RM 9.35 million in the previous year[12]. - Excluding listing expenses and tax credits, the adjusted net profit was approximately RM 6.44 million, representing a decrease of 29.7% compared to RM 9.17 million in the prior year[12]. - Basic earnings per share for the period was 0.31 sen, down from 0.75 sen in the same period last year[15]. - Total comprehensive income attributable to owners of the company for the period was RM 1.77 million, compared to RM 3.27 million in the previous year[15]. - The company reported a significant drop in operating profit before tax, which was RM 2.15 million for the nine months, down from RM 6.74 million in the same period last year[16]. - The total profit and comprehensive income decreased from approximately MYR 9.4 million for the nine months ended March 31, 2019, to approximately MYR 0.9 million for the nine months ended March 31, 2020, a decline of about 90.4%[102]. - Excluding expenses related to the listing of approximately MYR 4.3 million, the total profit and comprehensive income for the nine months ended March 31, 2020, would be approximately MYR 5.2 million compared to approximately MYR 11.8 million for the nine months ended March 31, 2019[102]. Revenue Breakdown - Revenue from network management and security services for the nine months ended March 31, 2020, was RM 3,686,701, down from RM 6,192,421 in the same period of 2019, reflecting a decrease of about 40.6%[57]. - Revenue from network connection services for the nine months ended March 31, 2020, was RM 14,765,548, slightly up from RM 14,680,702 in the same period of 2019, indicating a marginal increase of approximately 0.6%[57]. - Revenue from on-site hardware installation decreased by approximately 3.4 million MYR or 70.8%, from about 4.8 million MYR to about 1.4 million MYR[91]. - Revenue from network support services decreased by approximately 15.9%, while revenue from network connection services increased by approximately 0.7% during the same period[89]. - The total revenue from customer contracts, including revenue from leased hardware, was RM 8,401,121 for the three months ended March 31, 2020, compared to RM 8,654,452 in the same period of 2019, a decrease of approximately 2.9%[57]. Expenses and Costs - The company incurred listing expenses of RM 4.29 million during the nine months, which impacted overall profitability[16]. - Administrative expenses increased by approximately 1.1 million MYR or 32.4%, from about 3.4 million MYR to about 4.5 million MYR[98]. - Financing costs for the three months ended March 31, 2020, were MYR 130,354, an increase of 24.6% from MYR 104,605 in the same period of 2019[67]. - Sales and service costs increased by approximately 0.8 million MYR or 4.7%, from about 17.2 million MYR to about 18.0 million MYR[92]. Other Income and Tax - Other income for the nine months was RM 586,748, compared to RM 64,292 in the previous year, indicating a notable increase[16]. - The total tax expense for the nine months ended March 31, 2020, was MYR 1,439,384, compared to a tax credit of MYR (136,534) in the same period of 2019[72]. - The income tax expense changed from a tax credit of approximately MYR 2.6 million for the nine months ended March 31, 2019, to an income tax expense of approximately MYR 1.3 million for the nine months ended March 31, 2020[100]. Corporate Governance and Structure - The audit committee consists of three independent non-executive directors as of March 31, 2020, ensuring robust oversight of financial reporting and compliance with GEM listing rules[118]. - The company has adopted and complied with the corporate governance code since its listing on December 9, 2019, with some deviations noted regarding the separation of roles between the chairman and CEO[122]. - The board believes that the current management structure, with the chairman also serving as CEO, is in the best interest of the group for effective management and business planning[122]. Future Outlook and Strategy - The company is focused on improving operational efficiency and exploring new market opportunities to enhance future performance[12]. - The company is focused on expanding its market presence through strategic initiatives, including potential mergers and acquisitions in the technology sector[27]. - The company is focusing on expanding its information and communication services to respond to market demands[87]. - The company anticipates challenges in the coming years due to current economic instability affecting multiple markets[84]. - The report includes forward-looking statements regarding the group's financial condition and operational performance, acknowledging potential risks and uncertainties[128].

Financial Performance - For the six months ended December 31, 2019, the group's revenue was approximately RM 19.6 million, a decrease of 9.9% compared to RM 21.7 million in the same period last year[9]. - Gross profit for the same period decreased by 15.7% to approximately RM 8.0 million from RM 9.5 million in the previous year[10]. - The group reported a loss of approximately RM 0.9 million for the six months ended December 31, 2019, while profit excluding listing expenses and tax credits would be approximately RM 4.6 million, a decrease of 34.9% from RM 7.1 million in the previous year[10]. - Basic loss per share for the period was (0.44) sen compared to earnings of 1.40 sen in the same period last year[13]. - Total comprehensive loss for the period was RM 2.1 million, compared to a profit of RM 2.5 million in the same period last year[13]. - The company reported a pre-tax profit of RM 339,833 for the six months ended December 31, 2019, compared to RM 4,690,999 for the same period in 2018, showing a decline of approximately 92.8%[30]. - The company experienced a cash outflow from operating activities of RM 3,698,755 for the six months ended December 31, 2019, contrasting with a cash inflow of RM 7,258,457 for the same period in 2018[30]. - The total cost of inventory recognized as an expense for the six months ended December 31, 2019, was RM 1,446,155, compared to RM 772,392 in the same period of 2018[79]. - The total depreciation of property, plant, and equipment for the six months ended December 31, 2019, was RM 1,388,811, down from RM 1,529,432 in the same period of 2018[79]. - The company incurred a net foreign exchange loss of RM (211,147) for the six months ended December 31, 2019, compared to a gain of RM 295,908 in the same period of 2018[76]. Revenue Breakdown - The company reported total revenue of RM 19,575,146 for the six months ended December 31, 2019, compared to RM 21,714,246 for the same period in 2018, representing a decrease of approximately 9.9%[67]. - Hardware sales generated RM 2,912,905 in revenue for the six months ended December 31, 2019, up from RM 808,754 in the same period of 2018, indicating a significant increase[67]. - The company’s total revenue from network connection services was RM 10,065,783 for the six months ended December 31, 2019, compared to RM 9,811,242 for the same period in 2018, showing an increase of approximately 2.6%[67]. - The company’s revenue from network management and security services was RM 2,395,555 for the six months ended December 31, 2019, compared to RM 3,954,729 in the same period of 2018, reflecting a decrease of about 39.4%[67]. - The company’s total revenue from customer contracts related to leased hardware was RM 16,464,232 for the six months ended December 31, 2019, compared to RM 19,193,456 for the same period in 2018, a decline of approximately 14.3%[67]. Assets and Liabilities - As of December 31, 2019, the total assets amounted to RM 58,488,648, an increase from RM 34,987,835 as of June 30, 2019, reflecting a growth of approximately 67.1%[19]. - Total liabilities as of December 31, 2019, were RM 14,701,055, a slight decrease from RM 15,630,277 as of June 30, 2019, representing a reduction of about 5.9%[19]. - The company’s equity attributable to owners was RM 54,122,835 as of December 31, 2019, compared to RM 31,369,654 as of June 30, 2019, reflecting a growth of about 72.3%[19]. - The company’s cash and cash equivalents increased to RM 21,028,617 as of December 31, 2019, compared to RM 9,307,471 as of June 30, 2019, representing a growth of about 125.5%[19]. - The company’s total liabilities, including trade payables and accrued expenses, amounted to 4,179,520 MYR as of December 31, 2019, down from 6,620,610 MYR, indicating a reduction of about 37%[104]. Strategic Initiatives - The company aims to enhance its market presence and explore new product development opportunities in the upcoming quarters[8]. - The management is focused on cost control measures to improve profitability moving forward[8]. - The company is actively seeking strategic partnerships to expand its market reach and operational capabilities[8]. - Future guidance indicates a cautious outlook due to market volatility and competitive pressures[8]. - The company aims to enhance its market position and competitiveness through the financial resources obtained from its listing[123]. Shareholder Information - The company declared dividends totaling RM 1,350,000 during the reporting period, which included RM 500,000 and RM 850,000 on different dates[27]. - The company did not recommend any interim dividend for the six months ended December 31, 2019, consistent with the previous year[88]. - Tan Datuk holds 337,500,000 shares, representing 56.25% of the company's equity[172]. - Advantage Sail Limited, beneficially owned by Tan Datuk, holds 303,750,000 shares, accounting for 50.625% of the issued shares[173]. - Robust Cosmos Limited, beneficially owned by Ms. Kwong, holds 33,750,000 shares, which is 5.625% of the issued shares[173]. Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting standards[177]. - The company’s financial statements for the six months ended December 31, 2019, were prepared in accordance with applicable accounting standards[180]. - The company adopted and complied with the corporate governance code since its listing on December 9, 2019, with some deviations noted[181]. - All directors confirmed compliance with the trading standards from the listing date until December 31, 2019[182]. - The board consists of executive and independent non-executive directors, ensuring a balanced governance structure[190].