HYGIEIA GROUP(01650) - 2025 - 中期财报

Announcement Overview Financial Highlights Hygieia Group Limited reported interim results for the six months ended June 30, 2025, showing significant growth in revenue and profit after tax, with increased earnings per share, but no interim dividend was declared by the Board Financial Performance Summary | Metric | Six Months Ended June 30, 2025 (thousand S$) | Six Months Ended June 30, 2024 (thousand S$) | Change (thousand S$) | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 39,400 | 37,000 | 2,400 | 6.4 | | Profit After Tax | 2,100 | 1,200 | 1,000 | 83.3 | | Basic and Diluted Earnings Per Share (S. cents) | 0.104 | 0.055 | 0.049 | 89.1 | - The Board did not declare an interim dividend for the six months ended June 30, 2025[4] Condensed Consolidated Financial Statements Consolidated Statement of Profit or Loss and Other Comprehensive Income For the six months ended June 30, 2025, the Group's revenue grew by 6.4% to 39,351 thousand S$, gross profit increased by 22.6% to 7,446 thousand S$, and profit for the period surged by 84.3% to 2,120 thousand S$, driven by revenue growth and improved gross margin Consolidated Profit or Loss Summary | Metric | 2025 (thousand S$) | 2024 (thousand S$) | Change (thousand S$) | Growth Rate (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 39,351 | 36,982 | 2,369 | 6.4 | | Cost of Sales | (31,905) | (30,908) | (997) | 3.2 | | Gross Profit | 7,446 | 6,074 | 1,372 | 22.6 | | Operating Profit | 2,744 | 1,554 | 1,190 | 76.6 | | Profit Before Income Tax | 2,681 | 1,457 | 1,224 | 84.0 | | Income Tax Expense | (561) | (307) | (254) | 82.7 | | Profit for the Period | 2,120 | 1,150 | 970 | 84.3 | | Profit for the Period Attributable to Owners of the Company | 2,082 | 1,092 | 990 | 90.7 | | Basic and Diluted Earnings Per Share (S. cents) | 0.104 | 0.055 | 0.049 | 89.1 | Consolidated Statement of Financial Position As of June 30, 2025, the Group's total assets were 37,743 thousand S$, a decrease from December 31, 2024, primarily due to reduced fixed bank deposits and cash and cash equivalents within current assets, with total equity and liabilities decreasing accordingly Consolidated Financial Position Summary | Metric | June 30, 2025 (thousand S$) | December 31, 2024 (thousand S$) | Change (thousand S$) | Change Rate (%) | | :--- | :--- | :--- | :--- | :--- | | Assets | | | | | | Non-current Assets | 3,832 | 4,018 | (186) | -4.6 | | Current Assets | 33,911 | 36,977 | (3,066) | -8.3 | | Total Assets | 37,743 | 40,995 | (3,252) | -7.9 | | Equity | | | | | | Equity Attributable to Owners of the Company | 25,900 | 27,817 | (1,917) | -6.9 | | Non-controlling Interests | 154 | 116 | 38 | 32.8 | | Total Equity | 26,054 | 27,933 | (1,879) | -6.7 | | Liabilities | | | | | | Non-current Liabilities | 360 | 755 | (395) | -52.3 | | Current Liabilities | 11,328 | 12,307 | (979) | -8.0 | | Total Liabilities | 11,688 | 13,062 | (1,374) | -10.5 | | Total Equity and Liabilities | 37,742 | 40,995 | (3,253) | -7.9 | - Net current assets decreased from 24,670 thousand S$ as of December 31, 2024, to 22,583 thousand S$ as of June 30, 2025[8] Consolidated Statement of Changes in Equity For the six months ended June 30, 2025, equity attributable to owners of the Company decreased from 27,817 thousand S$ at the beginning of the period to 25,900 thousand S$ at the end, primarily due to dividends paid of 4,000 thousand S$, partially offset by profit for the period of 2,082 thousand S$ Consolidated Changes in Equity Summary | Metric | Six Months Ended June 30, 2025 (thousand S$) | Six Months Ended June 30, 2024 (thousand S$) | | :--- | :--- | :--- | | Equity Attributable to Owners of the Company at Beginning of Period | 27,817 | 30,049 | | Profit for the Period | 2,082 | 1,092 | | Other Comprehensive Income for the Period | 1 | (1) | | Dividends Paid | (4,000) | (3,000) | | Equity Attributable to Owners of the Company at End of Period | 25,900 | 28,140 | Consolidated Statement of Cash Flows For the six months ended June 30, 2025, operating cash flow shifted from net outflow to net inflow, investing cash flow remained a net inflow, while financing cash outflow significantly increased, resulting in a slight decrease in cash and cash equivalents at period-end Consolidated Cash Flow Summary | Metric | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Net Cash From Operating Activities | 3,015 | (2,501) | | Net Cash From Investing Activities | 2,927 | 2,707 | | Net Cash Used in Financing Activities | (6,017) | (4,561) | | Net Decrease in Cash and Cash Equivalents | (75) | (4,355) | | Cash and Cash Equivalents at End of Period | 10,313 | 7,861 | - Net cash from operating activities improved from a net outflow of 2,501 thousand S$ in the prior period to a net inflow of 3,015 thousand S$ in the current period, indicating improved operating efficiency[11] - Cash outflow from financing activities increased, primarily due to dividends paid rising from 3,000 thousand S$ to 4,000 thousand S$, and increased repayment of bank borrowings[11] Notes to the Condensed Consolidated Financial Information General Information and Basis of Preparation Hygieia Group Limited, incorporated in the Cayman Islands, primarily provides cleaning services, with its shares listed on the Main Board of the Stock Exchange; interim financial information is prepared in accordance with IAS 34 and presented in Singapore Dollars - The Company was incorporated in the Cayman Islands on February 28, 2019, with its principal business being the provision of cleaning services[12] - The Company's shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited on July 3, 2020[13] - The condensed interim financial information is prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting' and presented in Singapore Dollars (thousand S$)[13][14] Adoption of New and Revised IFRSs Revisions to International Financial Reporting Standards, including IAS 21, adopted for the first time in this interim period, had no significant impact on the Group's financial position or performance - Revisions to International Financial Reporting Standards, including the amendment to IAS 21 'Lack of Exchangeability', adopted for the first time in this interim period, had no significant impact on the Group's financial position or performance[15] Revenue and Segment Information The Group's revenue primarily derives from cleaning services, totaling 39,319 thousand S$ for the six months ended June 30, 2025, mainly from Singapore and Thailand markets, with Singapore contributing 33,546 thousand S$ - The Group considers its business as a single operating segment, with primary revenue generated from providing cleaning services[16][17] Revenue by Source | Revenue Source | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Provision of Cleaning Services | 39,319 | 36,940 | | Sale of Goods | 32 | 42 | | Total Revenue | 39,351 | 36,982 | Revenue by Geographical Location | Geographical Location | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Singapore | 33,546 | 32,036 | | Thailand | 5,805 | 4,946 | | Total Revenue | 39,351 | 36,982 | Non-current Assets by Geographical Location | Non-current Assets by Geographical Location | June 30, 2025 (thousand S$) | December 31, 2024 (thousand S$) | | :--- | :--- | :--- | | Singapore | 3,667 | 3,870 | | Thailand | 165 | 148 | | Total | 3,832 | 4,018 | Other Income For the six months ended June 30, 2025, the Group's other income was 102 thousand S$, primarily from interest income, remaining stable compared to the prior year Other Income Breakdown | Source | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Interest Income | 99 | 90 | | Others | 3 | 5 | | Total | 102 | 95 | Other Gains/(Losses) – Net For the six months ended June 30, 2025, the Group recorded net other gains of 27 thousand S$, mainly from the gain on disposal of property, plant and equipment, partially offset by foreign exchange losses Other Gains/(Losses) Breakdown | Source | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Foreign Exchange Losses | (9) | (12) | | Gain on Disposal of Property, Plant and Equipment | 36 | 6 | | Total | 27 | (6) | Employee Benefits Expense For the six months ended June 30, 2025, employee benefits expense increased to 28,212 thousand S$, primarily due to higher salaries and other allowances, partially offset by government grants of 1,625 thousand S$ for wage offsets Employee Benefits Expense Breakdown | Employee Benefits Expense | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Salaries and Other Allowances | 26,208 | 23,269 | | Contributions to Defined Contribution Plans | 1,811 | 1,664 | | Other Employee Benefits | 193 | 108 | | Total | 28,212 | 25,041 | - Government grants amounted to 1,625 thousand S$ for the six months ended June 30, 2025 (2024: 778 thousand S$), used to offset employee benefits expense[22][23] Finance Costs For the six months ended June 30, 2025, finance costs decreased to 63 thousand S$, primarily due to reduced interest on loans and lease liabilities Finance Costs Breakdown | Finance Costs | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Interest on Loans | 18 | 38 | | Interest on Lease Liabilities | 35 | 45 | | Interest on Hire Purchase Arrangements | 10 | 14 | | Total | 63 | 97 | Income Tax Expense For the six months ended June 30, 2025, income tax expense increased to 561 thousand S$, mainly due to higher taxable profit, with corporate income tax rates of 17% in Singapore and 20% in Thailand Income Tax Expense by Jurisdiction | Income Tax Expense | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | Singapore Corporate Income Tax | 516 | 307 | | Thailand Corporate Income Tax | 45 | – | | Total | 561 | 307 | - Singapore corporate income tax is calculated at 17% of estimated taxable profit, while Thailand income tax is calculated at 20%[25] Earnings Per Share For the six months ended June 30, 2025, basic and diluted earnings per share significantly increased to 0.104 S. cents from 0.055 S. cents in the prior year, reflecting higher profit for the period Earnings Per Share Calculation | Metric | 2025 (Unaudited) | 2024 (Unaudited) | | :--- | :--- | :--- | | Profit for the Period Attributable to Owners of the Company (thousand S$) | 2,082 | 1,092 | | Weighted Average Number of Ordinary Shares in Issue (thousand shares) | 2,000,000 | 2,000,000 | | Basic and Diluted Earnings Per Share (S. cents) | 0.104 | 0.055 | - Diluted earnings per share is the same as basic earnings per share as there were no potential ordinary shares in issue for both periods[26] Dividends The Board did not declare an interim dividend for the six months ended June 30, 2025, but confirmed a final dividend of 4,000 thousand S$ for 2024 Dividends Declared | Dividend Type | 2025 (thousand S$) | 2024 (thousand S$) | | :--- | :--- | :--- | | 2023 Final Dividend (S$0.0015 per share) | – | 3,000 | | 2024 Final Dividend (S$0.002 per share) | 4,000 | – | | Total | 4,000 | 3,000 | - The Board did not declare an interim dividend for the six months ended June 30, 2025[27] Trade and Other Receivables, Deposits and Prepayments As of June 30, 2025, total trade and other receivables, deposits, and prepayments were 19,199 thousand S$, largely consistent with year-end 2024, with a significant increase in trade receivables aged 0-30 days Trade and Other Receivables, Deposits and Prepayments Summary | Item | June 30, 2025 (thousand S$) | December 31, 2024 (thousand S$) | | :--- | :--- | :--- | | Trade Receivables (net of allowance) | 14,160 | 13,358 | | Unbilled Revenue (net of allowance) | 2,996 | 3,767 | | Deposits | 417 | 610 | | Prepayments | 540 | 400 | | Other Receivables | 1,086 | 1,018 | | Total | 19,199 | 19,153 | Trade Receivables Ageing Analysis | Trade Receivables Ageing (net of allowance) | June 30, 2025 (thousand S$) | December 31, 2024 (thousand S$) | | :--- | :--- | :--- | | 0 to 30 days | 10,118 | 6,169 | | 31 to 60 days | 1,315 | 3,952 | | 61 to 90 days | 1,923 | 1,608 | | 91 to 120 days | 669 | 727 | | Over 120 days | 135 | 902 | | Total | 14,160 | 13,358 | - Expected credit loss allowances for trade receivables and unbilled revenue were 548 thousand S$ and 21 thousand S$, respectively, consistent with year-end 2024[29] Trade and Other Payables As of June 30, 2025, total trade and other payables were 8,080 thousand S$, a decrease from 8,586 thousand S$ at year-end 2024, primarily due to lower trade payables and accrued employee benefits expense Trade and Other Payables Summary | Item | June 30, 2025 (thousand S$) | December 31, 2024 (thousand S$) | | :--- | :--- | :--- | | Trade Payables | 1,247 | 1,770 | | Other Payables | 1,871 | 1,625 | | Accrued Expenses | 211 | 286 | | Accrued Employee Benefits Expense | 4,751 | 4,905 | | Total | 8,080 | 8,586 | Trade Payables Ageing Analysis | Trade Payables Ageing | June 30, 2025 (thousand S$) | December 31, 2024 (thousand S$) | | :--- | :--- | :--- | | 0 to 30 days | 789 | 936 | | 31 to 60 days | 234 | 562 | | 61 to 90 days | 145 | 117 | | Over 90 days | 79 | 155 | | Total | 1,247 | 1,770 | Management Discussion and Analysis Business Review The Group is a renowned general cleaning service provider in Singapore's environmental services industry with over 30 years of experience, operating in Singapore and Thailand, committed to deploying digital solutions for efficiency, and achieved 6.4% revenue growth from new projects and organic expansion in Thailand - The Group is a renowned general cleaning service provider in Singapore's environmental services industry with over 30 years of experience, operating in Singapore and Thailand[33] - The Group holds an L6 grade FM02 workhead, enabling it to bid for public sector service contracts of unlimited value, and has been awarded the Gold Clean Mark Accreditation by the National Environment Agency[33] - The Group deploys digital solutions to enhance operational efficiency and decision-making, adapting to the shift from headcount-based to outcome-based cleaning contracts[34] - As of June 30, 2025, the Group's revenue increased by 6.4% year-on-year, primarily driven by newly secured large-scale projects in Singapore and organic growth in its environmental services business in Thailand[34] - As of August 28, 2025, the Group had 301 ongoing service contracts with an outstanding contract sum of approximately 65.8 million S$[34] - The Group will continue to invest in technology and staff training to improve productivity, and may evaluate other investment prospects to enhance profitability[35] Financial Review The Group achieved robust financial growth during the reporting period, with significant increases in revenue and net profit, improved gross margin due to reduced labor expenses and increased government grants, and a decrease in finance costs Revenue For the six months ended June 30, 2025, total revenue was approximately 39.4 million S$, a 6.4% year-on-year increase, driven by new large-scale projects in Singapore and organic growth in Thailand - Total revenue was approximately 39.4 million S$, an increase of 6.4% compared to approximately 37.0 million S$ in the corresponding period of 2024[36] - Revenue growth was primarily due to newly secured large-scale projects in Singapore and organic growth in the Group's environmental services business in Thailand[36] Cost of Sales For the six months ended June 30, 2025, cost of sales was approximately 31.9 million S$, a 3.2% year-on-year increase, further explained in the Gross Profit and Gross Profit Margin section - Cost of sales was approximately 31.9 million S$, an increase of 3.2% compared to approximately 30.9 million S$ in the corresponding period of 2024[37] Gross Profit and Gross Profit Margin Gross profit increased to 7.4 million S$, and gross profit margin improved from 16.4% to 18.9%, mainly due to reduced labor-related expenses and increased government employment subsidies - Gross profit increased from 6.1 million S$ in the corresponding period of 2024 to 7.4 million S$ in the current period[38] - Gross profit margin improved from 16.4% to 18.9%[38] - The improvement in gross profit margin was primarily due to reduced labor-related expenses and increased government employment subsidies received from the Singapore government (2025: 1.6 million S$; 2024: 0.8 million S$)[38] Administrative Expenses Administrative expenses increased to 4.8 million S$, mainly due to higher employee benefits expense and professional fees - Administrative expenses increased from 4.6 million S$ in the corresponding period of 2024 to 4.8 million S$ in the current period[39] - The increase was primarily due to higher employee benefits expense and professional fees[39] Finance Costs Finance costs decreased to 63 thousand S$, primarily due to reduced interest expenses arising from the Group's borrowings - Finance costs decreased from 97 thousand S$ in the corresponding period of 2024 to 63 thousand S$ in the current period[40] - The decrease was primarily due to reduced interest expenses arising from the Group's borrowings[40] Other Gains For the six months ended June 30, 2025, other gains were approximately 27 thousand S$, mainly from the disposal of property, plant and equipment, partially offset by net foreign exchange losses - Other gains were approximately 27 thousand S$, primarily from the gain on disposal of property, plant and equipment, partially offset by net foreign exchange losses[41] Other Income Other income remained relatively stable at approximately 102 thousand S$, mainly derived from interest income on fixed bank deposits - Other income remained relatively stable at approximately 102 thousand S$, primarily derived from interest income generated from fixed bank deposits[42] Income Tax Expense Income tax expense increased to 561 thousand S$, with an effective tax rate of 20.9%, mainly due to an overall increase in taxable income of the Company's subsidiaries - Income tax expense was approximately 561 thousand S$, with an effective tax rate of 20.9%, an increase from 307 thousand S$ and 21.1% in the corresponding period of 2024[43] - The increase in tax expense was primarily due to an overall increase in taxable income of the Company's subsidiaries[43] Profit for the Period For the six months ended June 30, 2025, the Group's net profit was approximately 2.1 million S$, a significant increase from 1.2 million S$ in the prior year - The Group's net profit was approximately 2.1 million S$, compared to 1.2 million S$ for the six months ended June 30, 2024[44] Liquidity and Capital Resources As of June 30, 2025, the Group maintained a healthy liquidity ratio of 3.0 and was in a net cash position, with cash and cash equivalents exceeding bank borrowings, rendering the net debt-to-capital ratio inapplicable - As of June 30, 2025, current assets were approximately 33.9 million S$, and current liabilities were approximately 11.3 million S$[45] - The current ratio (current assets to current liabilities) remained at 3.0[45] - The Group was in a net cash position, and the net debt-to-capital ratio was not applicable[45] Capital Expenditure For the six months ended June 30, 2025, the Group incurred no other significant capital expenditure beyond what has been disclosed - For the six months ended June 30, 2025, no other significant capital expenditure was incurred[46] Contingent Liabilities As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had no significant contingent liabilities[47] Pledge of Assets As of June 30, 2025, the Group's bank facilities were secured by trade receivables, a debenture creating fixed and floating charges over all assets, and corporate guarantees provided by the Company and its subsidiaries - Bank facilities were secured by trade receivables financing, a debenture creating fixed and floating charges over all assets, and corporate guarantees provided by the Company and its subsidiaries[48] Future Plans for Material Investments and Capital Assets As of June 30, 2025, the Group had no plans for material investments and capital assets other than those disclosed in this announcement - As of June 30, 2025, the Group had no plans for material investments and capital assets other than those disclosed in this announcement[49] Material Investments, Acquisitions and Disposals For the six months ended June 30, 2025, the Company held no other material investments, significant acquisitions, or disposals of subsidiaries, associates, and joint ventures - For the six months ended June 30, 2025, the Company held no other material investments, significant acquisitions, or disposals of subsidiaries, associates, and joint ventures[50] Foreign Exchange Risk Management The Group's functional currency is the Singapore Dollar, with most revenue and expenses denominated in SGD; it currently has no foreign exchange hedging policy, but management continuously monitors foreign exchange risk - The Group's functional currency is the Singapore Dollar, with most revenue and expenses denominated in SGD[51] - The Group currently has no foreign exchange hedging policy, but management continuously monitors foreign exchange risk[51] Post Balance Sheet Events As of the date of this announcement, the Directors are not aware of any significant events concerning the Group's business or financial performance subsequent to June 30, 2025 - As of the date of this announcement, the Directors are not aware of any significant events concerning the Group's business or financial performance subsequent to June 30, 2025[52] Other Information Use of Proceeds from Listing The Company raised net proceeds of approximately 11.8 million S$ from its listing; as of June 30, 2025, 9,689 thousand S$ has been utilized for cash flow mismatch, purchasing waste treatment equipment, and leasing automated machinery, with 2,136 thousand S$ remaining unutilized - Net proceeds from the listing amounted to approximately 11.8 million S$[53] Use of Listing Proceeds | Use of Proceeds | Revised Allocation (thousand S$) | % of Total Net Proceeds | Utilized as of June 30, 2025 (thousand S$) | Unutilized as of June 30, 2025 (thousand S$) | Estimated Completion of Utilization | | :--- | :--- | :--- | :--- | :--- | :--- | | Acquisition of Landscaping Company | 1,774 | 15.0 | – | 1,774 | December 31, 2025 | | Purchase of Waste Treatment Equipment | 605 | 5.1 | 605 | – | Not Applicable | | Employment of Waste Treatment Personnel | 627 | 5.3 | 515 | 112 | December 31, 2025 | | Cash Flow Mismatch | 6,170 | 52.2 | 6,170 | – | Not Applicable | | Employment of Sales and Marketing Personnel | 166 | 1.4 | 166 | – | Not Applicable | | Employment of Safety Personnel | 296 | 2.5 | 161 | 135 | December 31, 2025 | | Purchase of Software and Systems | 284 | 2.4 | 169 | 115 | December 31, 2025 | | Lease of Automated Machinery and Equipment | 721 | 6.1 | 721 | – | Not Applicable | | General Working Capital | 1,182 | 10.0 | 1,182 | – | Not Applicable | | Total | 11,825 | 100 | 9,689 | 2,136 | | Employee Remuneration and Relationships As of June 30, 2025, the Group had approximately 3,047 employees, with remuneration based on skills, responsibilities, and performance, and progressive wage plans and mandatory provident fund contributions for local and permanent resident employees; the Group maintained good employee relations with no significant labor disputes during the period - As of June 30, 2025, the Group had approximately 3,047 employees (December 31, 2024: 2,609 employees)[54] - Employee remuneration is determined based on work skills, scope, responsibilities, and performance, with discretionary bonuses[54] - The Group has implemented a progressive wage plan for Singaporean citizens and permanent resident employees and participates in the mandatory provident fund scheme[54] - The Group maintained good working relationships with its employees, with no significant labor disputes during the reporting period[54] Corporate Governance Code The Company has adopted the Corporate Governance Code and believes it has complied with relevant code provisions during the reporting period, committed to maintaining high standards of corporate governance - The Company has adopted the Corporate Governance Code and believes it has complied with the relevant code provisions during the reporting period[55] - The Board will continue to review and monitor the Company's practices to maintain high standards of corporate governance[55] Standard Code for Securities Transactions by Directors of Listed Issuers The Company has adopted the Standard Code, and all Directors confirmed compliance with its requirements for the six months ended June 30, 2025, after due enquiry - The Company has adopted the Standard Code as its code of conduct regarding Directors' dealings in securities[56] - All Directors confirmed compliance with the required standards set out in the Standard Code for the six months ended June 30, 2025[56] Audit Committee The Audit Committee, comprising three independent non-executive Directors, has reviewed the Company's unaudited interim results for the six months ended June 30, 2025, confirming compliance with applicable accounting principles and requirements - The Audit Committee comprises three independent non-executive Directors: Mr. Ong Hock (Chairman), Mr. Lau Chun Wing, and Mr. Leung Chi Hang[57] - The Audit Committee has reviewed the Company's unaudited interim results for the six months ended June 30, 2025, and confirmed compliance with applicable accounting principles, standards, and requirements[57] Purchase, Sale or Redemption of the Company's Listed Securities During the reporting period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - During the reporting period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[58] Public Float As of the date of this announcement, the Company has maintained the prescribed public float in accordance with the Listing Rules - As of the date of this announcement, the Company has maintained the prescribed public float in accordance with the Listing Rules[59] Publication of Interim Results Announcement and Interim Report This interim results announcement has been published on the Stock Exchange and Company websites, and the interim report will be dispatched to shareholders and posted on the aforementioned websites in due course - This interim results announcement is published on the Stock Exchange website (www.hkexnews.hk) and the Company's website (http://www.hygieiagroup.com/)[60](index=60&type=chunk) - The interim report for the six months ended June 30, 2025, will be dispatched to shareholders and posted on the aforementioned websites in due course[60] Definitions This section provides definitions for key terms and abbreviations used in the report, including company entities, accounting standards, industry certifications, and geographical locations - Provides definitions for key terms used in the report, such as 'the Company', 'the Group', 'Audit Committee', and 'Corporate Governance Code'[61][62][63] Board of Directors As of the date of this announcement, the Board of Directors comprises three executive Directors (Mr. Toh Rong Kiat, Mr. Peh Poon Chew, and Ms. Toh Lay Kiu) and three independent non-executive Directors (Mr. Lau Chun Wing, Mr. Leung Chi Hang, and Mr. Ong Hock) - Executive Directors are Mr. Toh Rong Kiat, Mr. Peh Poon Chew, and Ms. Toh Lay Kiu[63] - Independent non-executive Directors are Mr. Lau Chun Wing, Mr. Leung Chi Hang, and Mr. Ong Hock[63]