Financial Performance - For the nine months ended March 31, 2023, the group's revenue was approximately HKD 99,854,000, an increase of about HKD 24,606,000 or 32.7% compared to the same period last year[12]. - The gross profit for the nine months ended March 31, 2023, increased by approximately HKD 39,364,000 or 209.8% to about HKD 58,123,000[12]. - The earnings per share for the nine months ended March 31, 2023, was approximately HKD 0.0352, compared to a loss per share of HKD 0.0411 for the same period last year[12]. - For the three months ended March 31, 2023, the revenue was HKD 33,303,000, compared to HKD 23,798,000 for the same period last year, reflecting a growth of approximately 39.9%[13]. - The net profit for the three months ended March 31, 2023, was HKD 3,386,000, compared to a loss of HKD 24,660,000 for the same period last year[13]. - The total comprehensive income for the nine months ended March 31, 2023, was HKD 22,593,000, compared to a loss of HKD 25,664,000 for the same period last year[13]. - The company reported a loss of HKD 24,685,000 during the period, compared to a profit of HKD 21,146,000 in the same period last year, indicating a significant shift in performance[18]. - Profit for the period was approximately HKD 21,019,000 for the nine months ended March 31, 2023, compared to a loss of approximately HKD 25,209,000 for the same period in 2022, driven by increased revenue and improved gross profit margin[80]. Expenses and Costs - The company reported a significant reduction in selling expenses, which decreased from HKD 20,177,000 to HKD 3,648,000 for the nine months ended March 31, 2023[13]. - The company’s administrative and other operating expenses increased to HKD 32,045,000 for the nine months ended March 31, 2023, from HKD 24,491,000 in the previous year[13]. - Financing costs increased by approximately HKD 185,000 or 91.1% to approximately HKD 388,000, mainly due to an increase in interest expenses from borrowings and bank overdrafts[77]. - Employee costs, including director remuneration, amounted to approximately HKD 18,075,000 for the nine months ended March 31, 2023, compared to approximately HKD 11,506,000 for the same period in 2022, representing a year-on-year increase of 57.5%[89]. Revenue Segmentation - The e-commerce business contributed approximately HKD 47,425,000 or 47.5% of total revenue for the nine months ended March 31, 2023, compared to HKD 3,677,000 or 4.9% for the same period in 2022[59]. - The revenue from e-commerce sales for the nine months ended March 31, 2023, was HKD 464, up from HKD 208 in the same period of 2022, reflecting a growth of 123.1%[34]. - The revenue from network management and security services for the nine months ended March 31, 2023, was HKD 3,976, compared to HKD 3,363 in the same period of 2022, showing an increase of 18.3%[34]. - The total revenue from network connection services for the nine months ended March 31, 2023, was HKD 39,124, an increase from HKD 36,803 in the same period of 2022, reflecting a growth of 6.3%[34]. - The total revenue from hardware sales for the nine months ended March 31, 2023, was HKD 3,686, down from HKD 23,258 in the same period of 2022, representing a decline of 84.2%[34]. Strategic Developments - The company has transitioned its reporting currency from Malaysian Ringgit to Hong Kong Dollar to better reflect its financial performance for shareholders and potential investors[24]. - A new subsidiary, Magic Text Blockchain Technology Limited, was established in April 2023 to provide customized solutions for virtual asset exchanges and NFT trading platforms[52]. - The company signed a strategic cooperation memorandum with 羅馬 (元宇宙) on December 5, 2022, to leverage each other's expertise in decentralized blockchain applications and explore cryptocurrency-related business opportunities[56]. - The company is actively considering various opportunities and adjusting its business strategies to drive growth in response to the evolving e-commerce landscape in China[59]. - The company plans to streamline its management system and adjust its operational and sales strategies in Malaysia as economic activities recover post-COVID-19[64]. Governance and Compliance - The financial statements for the nine months ended March 31, 2023, were prepared in accordance with International Financial Reporting Standards and the GEM Listing Rules[22]. - The company has adopted and complied with the corporate governance code as per GEM listing rules for the nine months ended March 31, 2023, with some deviations noted[106]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial results for the nine months ended March 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[104]. - The company has implemented appropriate checks and balances through the board and three independent non-executive directors, ensuring effective management and business planning[106]. Market and Economic Conditions - Revenue from the Malaysian market decreased by approximately HKD 19,662,000 or 28.1% to about HKD 50,273,000 for the nine months ended March 31, 2023, primarily due to the completion of significant one-time hardware sales and exchange rate impacts[61]. - The gross profit margin in the Malaysian market dropped to 20.9% for the nine months ended March 31, 2023, down from 25.0% for the same period in 2022[61]. - The virtual asset market capitalization increased from approximately USD 10.3 billion in 2013 to about USD 1,076.6 billion in January 2023, representing a significant growth potential for blockchain technology and virtual assets[63]. Shareholder Information - The major shareholder, Mr. Yu, holds 416,364,000 shares, representing approximately 69.39% of the company's equity[92]. - Thrive Harvest Limited, controlled by Mr. Yu, holds 303,864,000 shares, approximately 50.64% of the issued share capital[92]. - The board does not recommend the payment of dividends for the nine months ended March 31, 2023, consistent with the previous year[86]. Employee and Training Initiatives - The group encourages and funds employees to participate in development or training courses to support their professional growth[89]. - As of March 31, 2023, the group employed 131 staff, an increase from 121 staff as of March 31, 2022[89].

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。 MICHONG METAVERSE (CHINA) HOLDINGS GROUP LIMITED 米虫元宇宙（中國）控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8645） 截至2023年3月31日止九個月之 第三季度業績公告 米虫元宇宙（中國）控股集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董 事會（「董事會」）欣然宣佈本集團截至2023年3月31日止九個月之未經審核綜合業績。 本公告載有本公司截至2023年3月31日止九個月之第三季度業績報告（「2022/2023第三 季度業績報告」）全文，符合聯交所GEM證券上市規則（「GEM上市規則」）有關第三季 度業績初步公告隨附資料之相關規定。2022/2023第三季度業績報告的印刷版本將於 適當時候寄發予本公司的股東，並刊登在聯交所網站www.hkexnews.hk 及本公司網站 www.metamichong. ...

Financial Performance - For the six months ended December 31, 2022, the group's revenue was approximately HKD 66,551,000, an increase of about HKD 15,101,000 or 29.4% compared to the same period last year[12]. - The gross profit for the same period increased by approximately HKD 24,294,000 or 169.9% to about HKD 38,595,000[12]. - The earnings per share for the six months ended December 31, 2022, was approximately HKD 2.94, compared to a loss per share of HKD 0.19 for the same period in 2021[12]. - The pre-tax profit for the six months was HKD 17,133,000, compared to HKD 644,000 for the same period last year[13]. - The total comprehensive income for the six months was HKD 19,096,000, compared to a loss of HKD 462,000 for the same period last year[13]. - The company reported a net profit of HKD 17,633,000 for the six months ended December 31, 2022, compared to a loss of HKD 549,000 in the previous year[13]. - The reported profit for the segments was HKD 19,373,000 for the six months ended December 31, 2022, compared to HKD 2,554,000 for the same period in 2021, indicating a significant improvement[41]. - Profit for the period was approximately 17,633,000 HKD for the six months ended December 31, 2022, compared to a loss of approximately 549,000 HKD for the six months ended December 31, 2021, attributed to increased revenue and improved gross margin[90]. Dividends and Shareholder Returns - The company did not recommend any dividend payment for the six months ended December 31, 2022[12]. - The board did not recommend an interim dividend for the six months ended December 31, 2022, consistent with the previous year[100]. - The company did not declare any dividends for the six months ended December 31, 2022, consistent with the previous year[51]. Cash Flow and Liquidity - The company's net cash and cash equivalents at the end of the reporting period were HKD 31,643,000, up from HKD 17,404,000 in the previous year[25]. - The operating cash flow for the six months ended December 31, 2022, was a net outflow of HKD 8,372,000, an improvement from HKD 16,942,000 in the same period of 2021[23]. - As of December 31, 2022, the group had cash and bank balances of approximately 34,377,000 HKD, down from approximately 49,342,000 HKD as of June 30, 2022[91]. - The current ratio improved to approximately 2.2 times as of December 31, 2022, compared to approximately 1.3 times as of June 30, 2022, indicating better liquidity[91]. - The debt-to-equity ratio decreased to approximately 11.0% as of December 31, 2022, from approximately 17.9% as of June 30, 2022, due to an increase in total equity[92]. Assets and Liabilities - As of December 31, 2022, the total assets minus current liabilities amounted to HKD 91,506,000, an increase from HKD 73,555,000 as of June 30, 2022[18]. - Total equity as of December 31, 2022, was HKD 75,005,000, an increase from HKD 55,909,000 as of June 30, 2022[19]. - The total liabilities decreased to HKD 16,501,000 as of December 31, 2022, from HKD 17,646,000 as of June 30, 2022[19]. - The company's trade payables as of December 31, 2022, were HKD 2,920,000, down 37.6% from HKD 4,677,000 as of June 30, 2022[60]. - The company's inventory increased to HKD 8,384,000 as of December 31, 2022, compared to HKD 6,725,000 as of June 30, 2022[18]. E-commerce and Market Strategy - The company aims to continue expanding its market presence and developing new technologies in the metaverse sector[12]. - E-commerce business contributed approximately HKD 32,025,000, representing 48.1% of total revenue for the six months ended December 31, 2022[67]. - The company has initiated e-commerce operations in China through the "米虫商城" platform, which includes a variety of products such as fresh vegetables, fruits, and household appliances[67]. - The group plans to expand its partner network and enhance operational efficiency as e-commerce business grows, focusing on technological innovation in the metaverse infrastructure, particularly in blockchain and NFT technology[73]. - The group is evaluating the feasibility of integrating decentralized blockchain technology into its e-commerce business to create synergies with a growing user base[72]. - The group intends to adjust its market entry strategy in Malaysia in response to the easing of standard operating procedures and the digital economy blueprint launched by the Malaysian Prime Minister[75]. Employee and Operational Costs - The total employee costs, including directors' remuneration, increased to HKD 11,771,000 for the six months ended December 31, 2022, from HKD 6,217,000 in the same period of 2021[47]. - The company plans to allocate funds for cloud data content management solutions and network security services, with part of the budget also directed towards hardware and software maintenance[118]. - The company aims to expand its workforce to support anticipated growth, including hiring two IT engineers, one service delivery manager, and two senior sales executives[118]. - Administrative and other operating expenses increased by approximately 5,832,000 HKD or 44.4% from about 13,130,000 HKD for the six months ended December 31, 2021, to about 18,962,000 HKD for the six months ended December 31, 2022, mainly due to business expansion in China[86]. Research and Development - Research and development costs amounted to HKD 2,909,000 for the six months ended December 31, 2022, compared to no R&D costs reported in the same period of 2021[47]. Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring a wealth of business experience in financial and legal matters as of December 31, 2022[132]. - 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, 2022, with some deviations noted[134]. - The company has appointed Pulse Capital Limited as its compliance advisor, with no securities interests reported by the compliance advisor or its affiliates as of December 31, 2022[138]. Future Outlook - Forward-looking statements in the interim report reflect the company's expectations regarding future events, acknowledging known and unknown risks that may affect actual performance[140].

Financial Performance - The group's revenue for the three months ended September 30, 2022, was approximately HKD 33,825,000, an increase of about HKD 18,379,000 or 119.0% compared to the same period last year[9] - Gross profit for the same period increased by approximately HKD 16,559,000 or 370.1% to about HKD 21,033,000[9] - The company's earnings per share for the three months ended September 30, 2022, was approximately 1.51 HK cents, compared to a loss of 0.21 HK cents for the same period in 2021[9] - The pre-tax profit for the period was HKD 9,720,000, compared to a loss of HKD 1,801,000 in the previous year[11] - Total comprehensive income for the period amounted to HKD 8,321,000, compared to a loss of HKD 2,379,000 in the same period last year[11] - The company reported a net profit attributable to equity holders of HKD 9,082,000 for the period[11] - The company’s operating expenses for the period were HKD 2,273,000, compared to HKD 9,095,000 in the previous year[11] - The company’s financing costs for the period were HKD 155,000, an increase from HKD 41,000 in the previous year[11] - The company reported a total comprehensive income of HKD 9,062 thousand for the three months ended September 30, 2022, compared to HKD 7,449 thousand in the same period last year, representing an increase of approximately 21.6%[22] - The total revenue for the period was HKD 9,062 thousand, while the total comprehensive income was HKD 6,002 thousand, indicating a significant improvement in financial performance[22] - The company experienced a loss of HKD 3,060 thousand during the three months ended September 30, 2022, compared to a loss of HKD 1,252 thousand in the previous period, reflecting a deterioration in profitability[22] - The total assets as of September 30, 2022, were reported at HKD 63,115 thousand, an increase from HKD 56,299 thousand as of June 30, 2022[22] Business Operations - The company is primarily engaged in providing network support services, network connectivity services, and e-commerce services, indicating a focus on technology and digital solutions[18] - For the three months ended September 30, 2022, the reported revenue from the e-commerce segment was HKD 16,632,000, while the network support and connection services segment generated HKD 17,193,000, totaling HKD 33,825,000[36] - The reported profit for the e-commerce segment was HKD 10,711,000, compared to a loss of HKD 1,211,000 for the same period in 2021, indicating a significant improvement[36] - E-commerce business contributed approximately HKD 16,370,000, accounting for 48.4% of total revenue for the three months ended September 30, 2022[62] - Revenue from the Malaysian market increased by approximately HKD 1,186,000 or 7.68% to about HKD 16,632,000 for the three months ended September 30, 2022[66] - The company plans to continue expanding its e-commerce and network services segments to drive future growth and profitability[36] Financial Management - The company has changed its presentation currency from Malaysian Ringgit to Hong Kong Dollar to better reflect its financial performance for shareholders and potential investors[20] - The company has not adopted any new or revised international financial reporting standards that would have a significant impact on its financial statements for the current reporting period[28] - The company’s financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance with global accounting standards[20] - The company reported a total tax expense of HKD (275,000) for the three months ended September 30, 2022, compared to HKD 46,000 in the previous year[49] - The company did not incur any taxable profits in Hong Kong for the three months ended September 30, 2022, and thus did not make any provisions for Hong Kong profits tax[50] Shareholder Information - As of September 30, 2022, Mr. Yu holds a controlling interest in the company with 416,364,000 shares, representing approximately 69.39% of the total equity[103] - Thrive Harvest Limited, a company beneficially owned by Mr. Yu, holds 303,864,000 shares, accounting for about 50.64% of the total equity[103] - The company has a significant shareholder structure with Mr. Yu and related entities holding a majority of the shares[102] - The company has no outstanding stock options that were granted, exercised, expired, or canceled as of September 30, 2022[110] - The company has not disclosed any new strategies or market expansions in the recent reports[110] - As of September 30, 2022, there are no other significant shareholders disclosed apart from the board and senior management[102] Governance and Compliance - The audit committee consists of three independent non-executive directors as of September 30, 2022, ensuring robust oversight of financial reporting and compliance with applicable accounting standards and GEM listing rules[111] - The company adopted and complied with the corporate governance code as per GEM listing rules for the three months ending September 30, 2022, ensuring prudent regulation of business activities and decision-making processes[114] - The company has implemented appropriate checks and balances through its board and independent directors to ensure effective governance despite deviations from certain corporate governance code provisions[114] - The board of directors believes that the current structure of having the same individual serve as both chairman and CEO is in the best interest of the company, given the individual's extensive experience in relevant sectors[114] - The company has appointed Pulse Capital Limited as its compliance advisor, with no securities interests reported as of September 30, 2022, ensuring adherence to regulatory requirements[119] Future Outlook - The company plans to expand its partner network and enhance operational efficiency as its e-commerce business grows[69] - The company will continue to leverage technological innovation, focusing on the development of blockchain and NFT technologies[69] - The board believes that blockchain technology has the potential to disrupt existing financial and technology industries and is evaluating its integration into the e-commerce business[69] - Forward-looking statements in the report reflect the company's expectations regarding future events, acknowledging known and unknown risks that may significantly impact actual performance[121]

Business Expansion and Market Position - The company has entered the digital market in China through its online mall, Michong Mall, marking a new milestone in its business expansion[13]. - The company changed its name to Michong Metaverse (China) Holdings Group Limited, which is expected to enhance its corporate image and facilitate business development[13]. - The company aims to strengthen its position as a major player in the information and communication technology industry in Malaysia[12]. - The company is actively exploring various opportunities to drive business growth in response to market changes[12]. - The company plans to enhance its e-commerce business and invest in internet retail technology development to improve online consumer shopping experiences[21]. - The company aims to expand its partner network to strengthen competitive advantages and improve operational efficiency as e-commerce business grows[21]. - The company has expanded its market beyond Malaysia, generating approximately RM 1.4 million in revenue from new market connections in China as of June 30, 2022[33]. - The group primarily engages in providing network support services, network connectivity services, and e-commerce, with a focus on developing new e-commerce businesses in China as of June 30, 2022[133]. Financial Performance - In the fiscal year 2021/2022, the e-commerce business contributed approximately 9.8 million MYR, accounting for 16.1% of the total revenue[17]. - The company's revenue increased from approximately 39.8 million MYR for the year ended June 30, 2021, to approximately 61.0 million MYR for the year ended June 30, 2022, representing a growth of 53.3%[58]. - Revenue from network support services rose by approximately 42.0%, while revenue from network connection services increased by approximately 20.0%[58]. - The cost of sales and services increased from approximately 27.5 million MYR to approximately 39.1 million MYR, a rise of 42.2%[59]. - Gross profit margin improved from approximately 30.9% to approximately 35.9% due to the introduction of e-commerce, which contributed a relatively high gross profit margin of about 99.0%[60]. - Selling expenses surged from approximately 1.0 million MYR to approximately 23.9 million MYR, an increase of 2290%, primarily due to marketing expenses related to the new e-commerce initiative[65]. - Loss for the year increased by approximately RM 18.4 million or 800.0% to RM 20.7 million for the year ended June 30, 2022, attributed to increased selling and administrative expenses[70]. Operational Challenges and Market Conditions - The COVID-19 pandemic has significantly impacted global economies, leading to a shift in consumer behavior from offline to online[12]. - Malaysia's reopening on May 1, 2022, is seen as a key factor for resuming economic activities, prompting the company to adjust its market entry strategies[21]. - The company will continue to monitor the situation in Malaysia to ensure sustainable operations and business performance amid ongoing challenges from the COVID-19 pandemic[28]. - The company is closely monitoring the situation and will adjust its management and sales strategies as necessary following the reopening of Malaysia's borders[32]. Investments and Future Plans - The company plans to continue investing more resources in developing its e-commerce business despite challenges from the pandemic and weak consumer environment in China[37]. - The group plans to utilize the remaining HKD 2.8 million of net proceeds in the fiscal year ending June 30, 2023[105]. - The group aims to expand its workforce to support anticipated growth, with HKD 2.7 million or 9.6% allocated for this purpose[98]. - The company plans to promote its business to gain more market share, with HKD 2.0 million or 7.2% allocated for marketing efforts[99]. Risk Management and Compliance - The board regularly reviews major risk areas and appropriate risk mitigation strategies, considering the overall risk management and internal control systems effective and adequate[55]. - The board report includes a discussion on the major risks and uncertainties faced by the group, as well as potential future developments in its business[134]. - The group is focused on maintaining compliance with all relevant laws and regulations, ensuring that its operations adhere to environmental policies[136]. Shareholder and Governance Information - The company has arranged suitable liability insurance for its directors and executives against potential legal actions as of June 30, 2022[166]. - The company has not entered into any management or administrative contracts for its overall business or any significant operations as of June 30, 2022[168]. - The company has not disclosed any significant interests held by directors or executives in any transactions or arrangements that could materially affect the group's business[167]. - The company has authorized a total of 60,000,000 shares for the share option plan, representing 10% of the expanded issued share capital[185]. Employee and Community Engagement - The group made charitable donations of approximately MYR 86,000 during the year ended June 30, 2022, compared to none in 2021[200]. - The company has established a favorable working environment and offers various benefits and career development opportunities to its employees[140].

Financial Performance - For the nine months ended March 31, 2022, the group's revenue was approximately MYR 40.5 million, an increase of about 36.5% compared to the same period last year[8]. - The gross profit for the nine months ended March 31, 2022, increased by approximately 1.9% to about MYR 10.1 million[8]. - The company reported a loss per share of approximately 2.21 sen for the nine months ended March 31, 2022, compared to a profit of approximately 0.13 sen per share for the same period last year[8]. - The total comprehensive loss for the period was approximately MYR 13.25 million, compared to a profit of MYR 1.34 million for the same period last year[11]. - The cumulative profit for the period was reported at 5,190 thousand MYR, with a total comprehensive income of (13,543) thousand MYR[30]. - The company experienced a significant loss of (13,270) thousand MYR during the period, indicating challenges in financial performance[30]. - The company reported a pre-tax loss of 13,591 thousand MYR for the nine months ended March 31, 2022, compared to a profit of 1,970 thousand MYR in the previous year, indicating a significant downturn[46]. - For the nine months ended March 31, 2022, the company reported a loss attributable to equity holders of approximately 13.27 million MYR, compared to a profit of 761,000 MYR for the same period in 2021[69]. - The company reported a loss of approximately 13.6 million MYR for the nine months ended March 31, 2022, compared to a profit of about 0.8 million MYR for the same period in 2021, primarily due to decreased gross profit, increased selling expenses, and higher administrative and operational costs[104]. Revenue Breakdown - The company generated 37,623 thousand MYR from its primary market in Malaysia, while the revenue from China was 2,858 thousand MYR[39]. - The company’s revenue from sales and services for the three months ended March 31, 2022, was approximately MYR 12.78 million, compared to MYR 11.32 million for the same period last year[11]. - For the nine months ended March 31, 2022, the total reported segment revenue was 40,481 thousand MYR, compared to 29,646 thousand MYR for the same period in 2021, representing an increase of 36.5%[46]. - Revenue from network support services rose by approximately 190.3%, from about 4.3 million MYR to approximately 12.5 million MYR during the same period[91]. - E-commerce contributed approximately 2.0 million MYR, accounting for 4.9% of total revenue for the nine months ended March 31, 2022[88]. Expenses and Costs - The company’s administrative and other operating expenses for the nine months ended March 31, 2022, were approximately MYR 10.85 million, compared to MYR 13.18 million for the same period last year[11]. - Sales and service costs increased by approximately 54.0%, from about 19.7 million MYR to approximately 30.4 million MYR, primarily due to increased telecommunications and network ordering costs[92]. - Gross margin decreased from approximately 33.4% to about 25.0% due to rising costs of network equipment and hardware[93]. - Sales expenses surged by approximately 1469%, from about 0.7 million MYR to approximately 10.9 million MYR, mainly driven by marketing costs associated with the newly introduced e-commerce[98]. - Administrative and other operating expenses increased by approximately 79.6%, from about 7.3 million MYR to approximately 13.2 million MYR, largely due to higher employee costs and depreciation[99]. Tax and Compliance - The company incurred a tax expense of MYR 39, compared to a tax expense of MYR 1.13 million for the same period last year[11]. - The total tax expense for the nine months ended March 31, 2022, was (39) thousand MYR, compared to 1,125 thousand MYR in the same period of 2021, showing a reduction in tax liabilities[60]. - The estimated corporate income tax rate for the group's operations in Malaysia remains at 24% for the nine months ended March 31, 2022[68]. Strategic Initiatives - The company is primarily engaged in providing network support services, network connectivity services, and e-commerce solutions[23]. - The group is actively exploring opportunities to expand its business outside Malaysia, specifically targeting the Hong Kong and China markets[79]. - The group plans to invest more resources in the Chinese market to explore different opportunities and expand existing businesses, including network connectivity services and e-commerce[87]. - The company has established a strategic partnership with Hangzhou Super Technology Co., Ltd. to provide cloud computing and blockchain-based internet solutions from October 1, 2021, to December 31, 2024[82]. Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring robust oversight of financial reporting and compliance with applicable accounting standards and GEM listing rules[123]. - The company has adopted and complied with the corporate governance code as per GEM listing rules for the nine months ending March 31, 2022, ensuring proper regulation of business activities and decision-making processes[125]. - The board believes that the dual role of the chairman and CEO held by Eric Tan is in the best interest of the company, ensuring effective management and business planning[128]. - The company has confirmed compliance with the prescribed trading standards for directors as per GEM listing rules during the nine months ending March 31, 2022[129]. Market Conditions - The ongoing COVID-19 pandemic has created significant challenges, but the company is focused on maintaining network availability and stability while adapting to new operational procedures[75]. - The group anticipates challenges in the coming years due to economic uncertainties but expects gradual recovery as countries adapt to living with COVID-19[87]. Shareholder Information - Major shareholder Mr. Yu holds a controlled entity interest of 416,250,000 shares, representing 69.38% of the company[108]. - Thrive Harvest Limited owns approximately 50.63% of the company's issued share capital with 303,750,000 shares, while Huitong Yingfu Investment Limited holds about 18.75% with 112,500,000 shares[115]. - The company has maintained a weighted average number of ordinary shares of 600 million for both the current and previous periods[69]. Future Outlook - The report includes forward-looking statements regarding the company's financial condition and operational performance, which are subject to known and unknown risks[135]. - The company has not provided specific future outlook or performance guidance in the available documents[120].

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].