Credit Loss Provisions - The expected credit loss provision for trade receivables is HKD 7,432,108, while the provision for other receivables is HKD 3,300,000[2]. - The expected credit loss provision for a specific customer, primarily engaged in construction services, amounts to approximately HKD 7,241,000[3]. - The customer has been unable to settle outstanding payments due to cash flow constraints from major contractors, impacting their ability to pay for machinery rental services[5]. - The company has recognized a full impairment provision for the overdue receivables as of December 31, 2023, considering the long-standing overdue status[10]. Sale Agreement Details - The sale agreement with a buyer involved a total consideration of HKD 8,300,000, with HKD 2,000,000 paid in cash at completion and the remaining HKD 6,300,000 due within one year[7]. - As of December 31, 2023, the outstanding balance owed by the buyer is HKD 3,300,000, which corresponds to the total amount disclosed in the annual report[8]. - The company believes the likelihood of recovering the outstanding balance from the buyer is low, given the lack of communication from the buyer since the end of 2023[9]. Announcement Compliance - The announcement complies with GEM listing rules and aims to provide relevant company information[12]. - Directors confirm that the information contained in the announcement is accurate and complete in all material aspects[12]. - The announcement will be published on the Hong Kong Stock Exchange website for at least seven consecutive days[12].
维亮控股(08612) - 2024 - 年度业绩