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251.965 56.693 -13 re 317.48 251.965 56.693 -13 re 374.173 251.965 56.693 -13 re 430.866 251.965 56.693 -13 re 76.536 238.965 184.252 -3 re 260.788 238.965 56.693 -3 re 317.48 238.965 56.693 -3 re 374.173 238.965 56.693 -3 re 430.866 238.965 56.693 -3 re 76.536 235.965 184.252 -13 re 260.788 235.965 56.693 -13 re 317.48 235.965 56.693 -13 re 374.173 235.965 56.693 -13 re 430.866 235.965 56.693 -13 re 76.536 222.965 184.252 -13 re 260.788 222.965 56.693 -13 re 317.48 222.965 56.693 -13 re 374.173 222.965 56.693 -13 re 430.866 222.965 56.693 -13 re 76.536 209.965 184.252 -4.262 re 260.788 209.965 56.693 -4.262 re 317.48 209.965 56.693 -4.262 re 374.173 209.965 56.693 -4.262 re 430.866 209.965 56.693 -4.262 re 76.536 205.703 184.252 -13 re 260.788 205.703 56.693 -13 re 317.48 205.703 56.693 -13 re 374.173 205.703 56.693 -13 re 430.866 205.703 56.693 -13 re 76.536 192.703 184.252 -26 re 260.788 192.703 56.693 -26 re 317.48 192.703 56.693 -26 re 374.173 192.703 56.693 -26 re 430.866 192.703 56.693 -26 re 76.536 166.703 184.252 -4.262 re 260.788 166.703 56.693 -4.262 re 317.48 166.703 56.693 -4.262 re 374.173 166.703 56.693 -4.262 re 430.866 166.703 56.693 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 487.559 281.965 56.693 -4 re 487.559 277.965 56.693 -13 re 487.559 264.965 56.693 -13 re 487.559 251.965 56.693 -13 re 487.559 238.965 56.693 -3 re 487.559 235.965 56.693 -13 re 487.559 222.965 56.693 -13 re 487.559 209.965 56.693 -4.262 re 487.559 205.703 56.693 -13 re 487.559 192.703 56.693 -26 re 487.559 166.703 56.693 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 370.4702 315.3339 Tm (As at 30 June)Tj /T1_0 1 Tf -8.09 -1.583 Td (2020)Tj 5.669 0 Td (2021)Tj 5.669 0 Td (2022)Tj 5.669 0 Td (2023)Tj /T1_1 1 Tf 5.669 0 Td (2024)Tj /T1_0 1 Tf -24.307 -1.3 Td (HK$\222000)Tj 5.669 0 Td (HK$\222000)Tj 5.669 0 Td (HK$\222000)Tj 5.669 0 Td (HK$\222000)Tj /T1_1 1 Tf 5.558 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -41.673 -1.983 Td (ASSETS, LIABILITIES AND EQUITY)Tj /T1_0 1 Tf 0 -1.3 Td (Total assets)Tj 19.347 0 Td (332,974)Tj 5.669 0 Td (308,998)Tj 5.669 0 Td (233,916)Tj 5.669 0 Td (107,606)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 6.225 0 Td (90,454)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -42.58 -1.3 Td (Total liabilities)Tj 19.662 0 Td (\(58,141\))Tj 5.669 0 Td (\(48,533\))Tj 5.669 0 Td (\(40,180\))Tj 5.669 0 Td (\(22,222\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 6.17 0 Td (\(4,065\))Tj ET 0.5 w q 1 0 0 1 76.5356 236.2149 cm 0 0 m 184.252 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_2 1 Tf 0.1 0 0 0.1 76.5356 237.6649 Tm ( )Tj ET /GS0 gs q 1 0 0 1 260.7876 236.2149 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 260.7876 237.6649 Tm ( )Tj ET /GS0 gs q 1 0 0 1 317.4805 236.2149 cm 0 0 m 56.693 0 l S Q BT /GS1 gs /T1_0 1 Tf 0.1 0 0 0.1 317.4805 237.6649 Tm ( )Tj ET /GS0 gs q 1 0 0 1 374.1734 236.2149 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 374.1734 237.6649 Tm ( )Tj ET /GS0 gs q 1 0 0 1 430.8664 236.2149 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 430.8664 237.6649 Tm ( )Tj ET /GS0 gs q 1 0 0 1 487.5593 236.2149 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 0.1 0 0 0.1 487.5593 237.6649 Tm ( )Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 275.6712 211.6649 Tm (274,833)Tj 5.669 0 Td (260,465)Tj 5.669 0 Td (193,736)Tj 6.225 0 Td (85,384)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 5.669 0 Td (86,389)Tj ET 2 w q 1 0 0 1 76.5356 206.7029 cm 0 0 m 184.252 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_2 1 Tf 0.1 0 0 0.1 76.5356 207.4029 Tm ( )Tj ET /GS0 gs q 1 0 0 1 260.7876 206.7029 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 260.7876 207.4029 Tm ( )Tj ET /GS0 gs q 1 0 0 1 317.4805 206.7029 cm 0 0 m 56.693 0 l S Q BT /GS1 gs /T1_0 1 Tf 0.1 0 0 0.1 317.4805 207.4029 Tm ( )Tj ET /GS0 gs q 1 0 0 1 374.1734 206.7029 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 374.1734 207.4029 Tm ( )Tj ET /GS0 gs q 1 0 0 1 430.8664 206.7029 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 430.8664 207.4029 Tm ( )Tj ET /GS0 gs q 1 0 0 1 487.5593 206.7029 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 0.1 0 0 0.1 487.5593 207.4029 Tm ( )Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 82.2049 181.4029 Tm (Equity attributable to owners of )Tj ( )Tj 1.001 -1.3 Td (the Company)Tj 18.346 0 Td (224,890)Tj 5.669 0 Td (206,952)Tj 5.669 0 Td (141,903)Tj 6.225 0 Td (36,277)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 5.669 0 Td (83,656)Tj ET q 1 0 0 1 76.5356 163.441 cm 0 0 m 184.252 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_2 1 Tf 0.1 0 0 0.1 76.5356 164.141 Tm ( )Tj ET /GS0 gs q 1 0 0 1 260.7876 163.441 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 260.7876 164.141 Tm ( )Tj ET /GS0 gs q 1 0 0 1 317.4805 163.441 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 317.4805 164.141 Tm ( )Tj ET /GS0 gs q 1 0 0 1 374.1734 163.441 cm 0 0 m 56.693 0 l S Q BT /GS1 gs /T1_0 1 Tf 0.1 0 0 0.1 374.1734 164.141 Tm ( )Tj ET /GS0 gs q 1 0 0 1 430.8664 163.441 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 0.1 0 0 0.1 430.8664 164.141 Tm ( )Tj ET /GS0 gs q 1 0 0 1 487.5593 163.441 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 0.1 0 0 0.1 487.5593 164.141 Tm ( )Tj ET endstream endobj 89 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream /CS0 cs 0.1 scn /Perceptual ri /GS0 gs -14.173 -14.173 1218.898 836.221 re f BT /CS1 cs 0 0 0 0.7 scn /T1_0 1 Tf 0.01 Tc 0 Tw 0 Ts 100 Tz 0 Tr 9 0 0 9 76.5354 772.0576 Tm (PINE TECHNOLOGY HOLDINGS LIMITED)Tj ET 0 0 0 0 scn /RelativeColorimetric ri 27.054 763.92 22.427 22.427 re f /CS0 CS 0.6 SCN 0.25 w 4 M 0 j 0 J /Perceptual ri 27.054 763.92 22.427 22.427 re S endstream endobj 90 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (FIVE YEARS FINANCIAL SUMMARY)Tj ET endstream endobj 92 0 obj <> endobj 93 0 obj <> endobj 94 0 obj <>stream H\j0EY&G@}P`KTPBVH! 9bt/Uִ֚ٻUFcey0XQ ]\;[SkYTd\_a"{W|5NhPנq$޽BeVS߄uGC(HQ }o(F 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155.906 -13 re 79.37 544.992 155.906 -13 re 79.37 531.992 155.906 -13 re 79.37 518.992 155.906 -13 re 79.37 505.992 155.906 -13 re 79.37 492.992 155.906 -3 re 79.37 489.992 155.906 -13 re 79.37 476.992 155.906 -13 re 79.37 463.992 155.906 -13 re 79.37 450.992 155.906 -13 re 79.37 437.992 155.906 -13 re 79.37 424.992 155.906 -13 re 79.37 411.992 155.906 -13 re 79.37 398.992 155.906 -13 re 79.37 385.992 155.906 -3 re 79.37 382.992 155.906 -13 re 79.37 369.992 155.906 -13 re 79.37 356.992 155.906 -4.262 re f 235.276 596.992 70.866 -26 re 306.142 596.992 70.866 -26 re 377.008 596.992 70.866 -26 re 447.874 596.992 70.866 -26 re 235.276 570.992 70.866 -13 re 306.142 570.992 70.866 -13 re 377.008 570.992 70.866 -13 re 447.874 570.992 70.866 -13 re 235.276 557.992 70.866 -13 re 306.142 557.992 70.866 -13 re 377.008 557.992 70.866 -13 re 447.874 557.992 70.866 -13 re 235.276 544.992 70.866 -13 re 306.142 544.992 70.866 -13 re 377.008 544.992 70.866 -13 re 447.874 544.992 70.866 -13 re 235.276 531.992 70.866 -13 re 306.142 531.992 70.866 -13 re 377.008 531.992 70.866 -13 re 447.874 531.992 70.866 -13 re 235.276 518.992 70.866 -13 re 306.142 518.992 70.866 -13 re 377.008 518.992 70.866 -13 re 447.874 518.992 70.866 -13 re 235.276 505.992 70.866 -13 re 306.142 505.992 70.866 -13 re 377.008 505.992 70.866 -13 re 447.874 505.992 70.866 -13 re 235.276 492.992 70.866 -3 re 306.142 492.992 70.866 -3 re 377.008 492.992 70.866 -3 re 447.874 492.992 70.866 -3 re f /CS0 cs 0.3 scn /Perceptual ri 235.276 489.992 70.866 -13 re 306.142 489.992 70.866 -13 re 377.008 489.992 70.866 -13 re 447.874 489.992 70.866 -13 re 235.276 476.992 70.866 -13 re 306.142 476.992 70.866 -13 re 377.008 476.992 70.866 -13 re 447.874 476.992 70.866 -13 re 235.276 463.992 70.866 -13 re 306.142 463.992 70.866 -13 re 377.008 463.992 70.866 -13 re 447.874 463.992 70.866 -13 re 235.276 450.992 70.866 -13 re 306.142 450.992 70.866 -13 re 377.008 450.992 70.866 -13 re 447.874 450.992 70.866 -13 re 235.276 437.992 70.866 -13 re 306.142 437.992 70.866 -13 re 377.008 437.992 70.866 -13 re 447.874 437.992 70.866 -13 re 235.276 424.992 70.866 -13 re 306.142 424.992 70.866 -13 re 377.008 424.992 70.866 -13 re 447.874 424.992 70.866 -13 re 235.276 411.992 70.866 -13 re 306.142 411.992 70.866 -13 re 377.008 411.992 70.866 -13 re 447.874 411.992 70.866 -13 re 235.276 398.992 70.866 -13 re 306.142 398.992 70.866 -13 re 377.008 398.992 70.866 -13 re 447.874 398.992 70.866 -13 re 235.276 385.992 70.866 -3 re 306.142 385.992 70.866 -3 re 377.008 385.992 70.866 -3 re 447.874 385.992 70.866 -3 re 235.276 382.992 70.866 -13 re 306.142 382.992 70.866 -13 re 377.008 382.992 70.866 -13 re 447.874 382.992 70.866 -13 re 235.276 369.992 70.866 -13 re 306.142 369.992 70.866 -13 re 377.008 369.992 70.866 -13 re 447.874 369.992 70.866 -13 re 235.276 356.992 70.866 -4.262 re 306.142 356.992 70.866 -4.262 re 377.008 356.992 70.866 -4.262 re 447.874 356.992 70.866 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 8 0 0 10 257.0732 627.5267 Tm (Loans from )Tj 0.815 -1.3 Td (a director)Tj 10.616 1.3 Td (Lease )Tj -1.344 -1.3 Td (liabilities)Tj 10.609 1.3 Td (Bank )Tj -2.979 -1.3 Td (borrowings)Tj 11.876 0 Td (Total)Tj /T1_0 1 Tf -28.023 -1.3 Td (HK$\222000)Tj 8.858 0 Td (HK$\222000)Tj 8.858 0 Td (HK$\222000)Tj 8.858 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -49.65 -1.583 Td (At 30 June 2022 and )Tj ( )Tj 1.063 -1.3 Td (1 July 2022)Tj 23.364 0 Td (1,703)Tj 9.692 0 Td (709)Tj 8.024 0 Td (5,873)Tj 8.858 0 Td (8,285)Tj -51.002 -1.3 Td (Change in cash flows)Tj 1.063 -1.3 Td (\226 Operating activities)Tj 25.366 0 Td (\226)Tj 7.449 0 Td (\(101\))Tj 10.267 0 Td (\226)Tj 7.449 0 Td (\(101\))Tj -50.532 -1.3 Td (\226 Financing activities)Tj 23.123 0 Td (\(1,417\))Tj 8.858 0 Td (\(1,235\))Tj 8.858 0 Td (\(4,609\))Tj 8.858 0 Td (\(7,261\))Tj -50.761 -1.3 Td (Non-cash transactions)Tj 1.063 -1.3 Td (\226 Interest expenses \(Note 8\))Tj 25.366 0 Td (\226)Tj 7.69 0 Td (101)Tj 8.858 0 Td (103)Tj 8.858 0 Td (204)Tj -50.773 -1.3 Td (\226 New leases)Tj 25.366 0 Td (\226)Tj 6.856 0 Td (2,025)Tj 10.86 0 Td (\226)Tj 6.856 0 Td (2,025)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 490.2422 cm 0 0 m 155.906 0 l S Q BT /GS1 gs 8 0 0 0.1 107.7165 491.6922 Tm ( )Tj ET /GS0 gs q 1 0 0 1 235.2756 490.2422 cm 0 0 m 70.866 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 8 0 0 0.1 296.0245 491.6922 Tm ( )Tj ET q 1 0 0 1 306.1418 490.2422 cm 0 0 m 70.866 0 l S Q BT 8 0 0 0.1 366.8906 491.6922 Tm ( )Tj ET q 1 0 0 1 377.0079 490.2422 cm 0 0 m 70.866 0 l S Q BT 8 0 0 0.1 437.7568 491.6922 Tm ( )Tj ET q 1 0 0 1 447.8741 490.2422 cm 0 0 m 70.866 0 l S Q BT 8 0 0 0.1 508.6229 491.6922 Tm ( )Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8 0 0 10 85.0394 465.6922 Tm (At 30 June 2023 and 1 July 2023)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.261 0 Td (286)Tj 8.024 0 Td (1,499)Tj 8.858 0 Td (1,367)Tj 8.858 0 Td (3,152)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -51.002 -1.3 Td (Change in cash flows)Tj 1.063 -1.3 Td (\226 Operating activities)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.366 0 Td (\226)Tj 7.95 0 Td (\(81\))Tj 9.766 0 Td (\226)Tj 7.95 0 Td (\(81\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -51.033 -1.3 Td (\226 Financing activities)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 23.902 0 Td (\(162\))Tj 8.024 0 Td (\(1,033\))Tj 9.692 0 Td (\(266\))Tj 8.024 0 Td (\(1,451\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -50.706 -1.3 Td (Non-cash transactions)Tj 1.063 -1.3 Td (\226 Interest expenses \(Note 8\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.366 0 Td (\226)Tj 8.246 0 Td (81)Tj 8.858 0 Td (25)Tj 8.302 0 Td (106)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -50.773 -1.3 Td (\226 Disposal of subsidiaries \(Note 32\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.366 0 Td (\226)Tj 8.858 0 Td (\226)Tj 6.56 0 Td (\(1,126\))Tj 8.858 0 Td (\(1,126\))Tj ET q 1 0 0 1 79.3701 383.2422 cm 0 0 m 155.906 0 l S Q q 1 0 0 1 235.2757 383.2422 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 306.1418 383.2422 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 377.0079 383.2422 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.8741 383.2422 cm 0 0 m 70.866 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8 0 0 10 85.0394 358.6922 Tm (At 30 June 2024)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.261 0 Td (124)Tj 8.858 0 Td (476)Tj 10.026 0 Td (\226)Tj 7.69 0 Td (600)Tj ET 2 w q 1 0 0 1 79.3701 353.7302 cm 0 0 m 155.906 0 l S Q q 1 0 0 1 235.2757 353.7302 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 306.1418 353.7302 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 377.008 353.7302 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.8741 353.7302 cm 0 0 m 70.866 0 l S Q endstream endobj 82 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 30.7617 772.0576 Tm (102)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (30.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (PARTICULARS OF PRINCIPAL SUBSIDIARIES OF THE COMPANY )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.012 Tc 0.092 Tw 0 -2.5 Td [(Summarised financial information in respect of the Group\222s )0.5 (subsidiaries that has )0.5 (material)12 ( )]TJ 0.027 Tc 0 -1.273 Td [(non-controlling interests is set out below. The summarised financial inf\ ormation below)27 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (represents amounts before intragroup eliminations.)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 625.327 269.291 -28.835 re 374.173 625.327 170.079 -28.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 596.492 269.291 -4 re 374.173 596.492 85.039 -4 re 459.213 596.492 85.039 -4 re 104.882 592.492 269.291 -13 re 374.173 592.492 170.079 -13 re 104.882 579.492 269.291 -13 re 374.173 579.492 85.039 -13 re 459.213 579.492 85.039 -13 re 104.882 566.492 269.291 -26 re 374.173 566.492 170.079 -26 re 104.882 540.492 269.291 -4.262 re 374.173 540.492 170.079 -4.262 re f BT /Perceptual ri /T1_1 1 Tf 10 0 0 10 110.5512 601.0267 Tm (Name)Tj 26.68 1.3 Td (Shenzhen Jingrun Measurement & )Tj 0.401 -1.3 Td (Monitor Technology Co., Limited)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -27.081 -1.983 Td (Principal place of business/place of establishment)Tj 32.415 0 Td (PRC/PRC)Tj -32.415 -2.6 Td (% of ownership interests/)Tj ( )Tj 0.85 -1.3 Td (voting rights held by non-controlling interests \(\223)Tj /T1_1 1 Tf (NCI)Tj /T1_0 1 Tf (\224\))Tj 31.565 0 Td (51%/49%)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 525.23 269.291 -28.835 re 374.173 525.23 170.079 -28.835 re 104.882 496.396 269.291 -13 re 459.213 496.396 85.039 -13 re 104.882 483.396 269.291 -15.835 re 459.213 483.396 85.039 -15.835 re f /CS0 cs 1 scn 374.173 496.396 85.039 -13 re 374.173 483.396 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 467.561 269.291 -4 re 459.213 467.561 85.039 -4 re 104.882 463.561 269.291 -13 re 459.213 463.561 85.039 -13 re 104.882 450.561 269.291 -13 re 459.213 450.561 85.039 -13 re 104.882 437.561 269.291 -13 re 459.213 437.561 85.039 -13 re 104.882 424.561 269.291 -13 re 459.213 424.561 85.039 -13 re 104.882 411.561 269.291 -13 re 459.213 411.561 85.039 -13 re 104.882 398.561 269.291 -3 re 459.213 398.561 85.039 -3 re 104.882 395.561 269.291 -13 re 459.213 395.561 85.039 -13 re 104.882 382.561 269.291 -13 re 459.213 382.561 85.039 -13 re 104.882 369.561 269.291 -4.262 re 459.213 369.561 85.039 -4.262 re 104.882 365.3 269.291 -13 re 459.213 365.3 85.039 -13 re 104.882 352.3 269.291 -13 re 459.213 352.3 85.039 -13 re 104.882 339.3 269.291 -13 re 459.213 339.3 85.039 -13 re 104.882 326.3 269.291 -13 re 459.213 326.3 85.039 -13 re 104.882 313.3 269.291 -13 re 459.213 313.3 85.039 -13 re 104.882 300.3 269.291 -13 re 459.213 300.3 85.039 -13 re 104.882 287.3 269.291 -13 re 459.213 287.3 85.039 -13 re 104.882 274.3 269.291 -13 re 459.213 274.3 85.039 -13 re 104.882 261.3 269.291 -13 re 459.213 261.3 85.039 -13 re 104.882 248.3 269.291 -13 re 459.213 248.3 85.039 -13 re 104.882 235.3 269.291 -13 re 459.213 235.3 85.039 -13 re 104.882 222.3 269.291 -13 re 459.213 222.3 85.039 -13 re 104.882 209.3 269.291 -13 re 459.213 209.3 85.039 -13 re 104.882 196.3 269.291 -3 re 459.213 196.3 85.039 -3 re 104.882 193.3 269.291 -13 re 459.213 193.3 85.039 -13 re 104.882 180.3 269.291 -13 re 459.213 180.3 85.039 -13 re 104.882 167.3 269.291 -4.262 re 459.213 167.3 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 467.561 85.039 -4 re 374.173 463.561 85.039 -13 re 374.173 450.561 85.039 -13 re 374.173 437.561 85.039 -13 re 374.173 424.561 85.039 -13 re 374.173 411.561 85.039 -13 re 374.173 398.561 85.039 -3 re 374.173 395.561 85.039 -13 re 374.173 382.561 85.039 -13 re 374.173 369.561 85.039 -4.262 re 374.173 365.3 85.039 -13 re 374.173 352.3 85.039 -13 re 374.173 339.3 85.039 -13 re 374.173 326.3 85.039 -13 re 374.173 313.3 85.039 -13 re 374.173 300.3 85.039 -13 re 374.173 287.3 85.039 -13 re 374.173 274.3 85.039 -13 re 374.173 261.3 85.039 -13 re 374.173 248.3 85.039 -13 re 374.173 235.3 85.039 -13 re 374.173 222.3 85.039 -13 re 374.173 209.3 85.039 -13 re 374.173 196.3 85.039 -3 re 374.173 193.3 85.039 -13 re 374.173 180.3 85.039 -13 re 374.173 167.3 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 377.3489 513.9304 Tm (Shenzhen Jingrun Measurement & )Tj 0.401 -1.3 Td (Monitor Technology Co., Limited)Tj 4.994 -1.583 Td (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (As at 30 June)Tj /T1_0 1 Tf 0 -1.3 Td (Current assets)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (3,148)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.506 0 Td (\226)Tj -42.303 -1.3 Td (Non-current assets)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (2,666)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.506 0 Td (\226)Tj -42.303 -1.3 Td (Current liabilities)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.335 0 Td (\(238\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.968 0 Td (\226)Tj -42.303 -1.3 Td (Non-current liabilities)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (\226)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 104.8818 395.8115 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 395.8115 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 395.8115 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 428.5232 371.2615 Tm (5,576)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.506 0 Td (\226)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8817 366.2995 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 366.2995 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 366.2995 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 340.9995 Tm (Accumulated NCI)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (2,732)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.506 0 Td (\226)Tj /T1_1 1 Tf -42.303 -2.6 Td (Year ended 30 June)Tj /T1_0 1 Tf 0 -1.3 Td (Revenue and other income)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (456)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.672 0 Td (\226)Tj -42.303 -2.6 Td (Profit for the year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.187 0 Td (16)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.116 0 Td (\226)Tj -42.303 -2.6 Td (Total comprehensive expense for the year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.447 0 Td (\(4\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.856 0 Td (\226)Tj -42.303 -2.6 Td (Total comprehensive expense attributable to NCI)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.447 0 Td (\(8\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.856 0 Td (\226)Tj -42.303 -2.6 Td (Net cash inflows from operating activities)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,075)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.506 0 Td (\226)Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8813 193.5495 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1727 193.5495 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2121 193.5495 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5506 168.9995 Tm (Net cash inflows)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,075)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.506 0 Td (\226)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8813 164.0376 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1726 164.0376 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.212 164.0376 cm 0 0 m 85.039 0 l S Q endstream endobj 72 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 549.5019 772.0576 Tm (101)Tj ET /CS1 cs 0.18 0.6 scn 79.37 681.327 90.709 -67.835 re 170.079 681.327 70.866 -67.835 re 240.945 681.327 70.866 -67.835 re 311.811 681.327 113.386 -67.835 re 425.197 681.327 93.543 -67.835 re 79.37 613.492 90.709 -15.835 re 170.079 613.492 70.866 -15.835 re 240.945 613.492 70.866 -15.835 re 368.504 613.492 56.693 -15.835 re 425.197 613.492 93.543 -15.835 re f /CS0 cs 1 scn 311.811 613.492 56.693 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 597.657 90.709 -4 re 170.079 597.657 70.866 -4 re 240.945 597.657 70.866 -4 re 368.504 597.657 56.693 -4 re 425.197 597.657 93.543 -4 re 79.37 593.658 90.709 -65 re 170.079 593.658 70.866 -65 re 240.945 593.658 70.866 -65 re 368.504 593.658 56.693 -65 re 425.197 593.658 93.543 -65 re 79.37 528.658 90.709 -13 re 170.079 528.658 70.866 -13 re 240.945 528.658 70.866 -13 re 368.504 528.658 56.693 -13 re 425.197 528.658 93.543 -13 re 79.37 515.658 90.709 -26 re 170.079 515.658 70.866 -26 re 240.945 515.658 70.866 -26 re 368.504 515.658 56.693 -26 re 425.197 515.658 93.543 -26 re 79.37 489.658 90.709 -13 re 170.079 489.658 70.866 -13 re 240.945 489.658 70.866 -13 re 368.504 489.658 56.693 -13 re 425.197 489.658 93.543 -13 re 79.37 476.658 90.709 -39 re 170.079 476.658 70.866 -39 re 240.945 476.658 70.866 -39 re 368.504 476.658 56.693 -39 re 425.197 476.658 93.543 -39 re 79.37 437.658 90.709 -13 re 170.079 437.658 70.866 -13 re 240.945 437.658 70.866 -13 re 368.504 437.658 56.693 -13 re 425.197 437.658 93.543 -13 re 79.37 424.658 90.709 -65 re 170.079 424.658 70.866 -65 re 240.945 424.658 70.866 -65 re 368.504 424.658 56.693 -65 re 425.197 424.658 93.543 -65 re 79.37 359.658 90.709 -13 re 170.079 359.658 70.866 -13 re 240.945 359.658 70.866 -13 re 368.504 359.658 56.693 -13 re 425.197 359.658 93.543 -13 re 79.37 346.658 90.709 -52 re 170.079 346.658 70.866 -52 re 240.945 346.658 70.866 -52 re 368.504 346.658 56.693 -52 re 425.197 346.658 93.543 -52 re 79.37 294.658 90.709 -4.262 re 170.079 294.658 70.866 -4.262 re 240.945 294.658 70.866 -4.262 re 368.504 294.658 56.693 -4.262 re 425.197 294.658 93.543 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 311.811 597.657 56.693 -4 re 311.811 593.658 56.693 -65 re 311.811 528.658 56.693 -13 re 311.811 515.658 56.693 -26 re 311.811 489.658 56.693 -13 re 311.811 476.658 56.693 -39 re 311.811 437.658 56.693 -13 re 311.811 424.658 56.693 -65 re 311.811 359.658 56.693 -13 re 311.811 346.658 56.693 -52 re 311.811 294.658 56.693 -4.262 re f BT /CS2 cs 0 0 0 0 scn /T1_1 1 Tf 7.9 0 0 10 85.0394 618.0267 Tm (Name of subsidiary)Tj 11.841 5.2 Td (Place of )Tj 0 -1.3 Td (incorporation or )Tj 0 -1.3 Td (establishment/ )Tj 0 -1.3 Td (principal place )Tj 0 -1.3 Td (of operation)Tj 10.944 2.6 Td (Issued and )Tj -2.312 -1.3 Td (paid-up capital/)Tj -0.738 -1.3 Td (registered capital)Tj 10.166 1.3 Td (Percentage of ownership )Tj 0.87 -1.3 Td (interest/voting power)Tj 13.005 1.3 Td (Principal )Tj 0 -1.3 Td (activities)Tj -10.836 -1.583 Td (2024)Tj /T1_0 1 Tf 7.176 0 Td (2023)Tj 0 0 0 1 scn /GS1 gs -40.116 -1.983 Td (Pine Group Limited)Tj 11.841 0 Td (BVI/Hong Kong)Tj 11.218 0 Td (US$10,000 )Tj -2.22 -1.3 Td (Common shares )Tj 5.519 -1.3 Td (and )Tj -4.689 -1.3 Td (US$2,995,729 )Tj -0.089 -1.3 Td (Class A shares)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 11.472 5.2 Td (85%)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (85%)Tj 3.436 0 Td (Investment holding)Tj -43.776 -7.8 Td (PINE Technology \(BVI\) )Tj 1.076 -1.3 Td (Limited \(Note \(a\)\))Tj 10.764 1.3 Td (BVI/Hong Kong)Tj 11.218 0 Td (US$11,500)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 9.993 0 Td (85%)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (85%)Tj 3.436 0 Td (Investment holding)Tj -43.776 -3.9 Td (Soaring Eagle )Tj 1.076 -1.3 Td (Technology Limited)Tj 7.9 0 0 10 159.8312 452.3578 Tm ( )Tj 7.9 0 0 10 93.5432 439.3578 Tm (\(Note \(c\)\))Tj 10.764 2.6 Td (BVI/Hong Kong)Tj 9.532 0 Td (RMB2,191,576)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 13.291 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.675 0 Td (60%)Tj 3.436 0 Td (Investment holding)Tj -43.776 -5.2 Td (Taiyuan Real Talent )Tj 1.076 -1.3 Td (Technology Limited )Tj 0 -1.3 Td (\(Note \(b\)\))Tj 10.764 2.6 Td (PRC/PRC)Tj 9.532 0 Td (RMB1,000,000)Tj -0.2 -1.3 Td (not fully paid up)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 11.323 1.3 Td (100%)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (100%)Tj 3.992 0 Td (Wholesale and )Tj 1.076 -1.3 Td (distribution of )Tj 0 -1.3 Td (electronic products )Tj 0 -1.3 Td (and trading of plastic )Tj 0 -1.3 Td (products )Tj -44.852 -2.6 Td (Shenzhen Jingrun )Tj 1.076 -1.3 Td (Measurement & )Tj 0 -1.3 Td (Monitor Technology )Tj 0 -1.3 Td (Co., Limited \(Note \(d\)\))Tj 10.764 3.9 Td (PRC/PRC)Tj 9.532 0 Td (RMB5,000,000 )Tj -0.2 -1.3 Td (not fully paid up)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 11.879 1.3 Td (51%)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.788 0 Td (\226)Tj 1.935 0 Td (Computer software and )Tj 1.076 -1.3 Td (hardware and system )Tj 0 -1.3 Td (development service)Tj 10 0 0 10 79.3699 268.5958 Tm (Notes:)Tj 0.021 Tc 0.092 Tw 0 -2.4 Td [(\()21 (a)21 (\))]TJ /Span<>> BDC 1.001 0 Td ( )Tj EMC 1.834 0 Td [(The )0.5 (Company directly )0.5 (holds 85% \(2023: )0.5 (85%\) of )0.5 (equity interest in )0.5 (PINE Technology )0.5 (\(BVI\))20.9 ( )]TJ 0.017 Tc 0.091 Tw 0 -1.2 Td [(L)0.5 (i)0.5 (m)0.5 (i)0.6 (t)0.5 (e)0.5 (d)0.5 ( a)0.5 (n)0.5 (d)0.5 ( 1)0.5 (0)0.5 (0)0.5 (%)0.5 ( \()0.5 (2)0.5 (0)0.6 (23)0.6 (:)0.5 ( 1)0.5 (0)0.5 (0)0.6 (%)0.5 (\))0.5 ( o)0.5 (f)0.5 ( e)0.6 (q)0.5 (u)0.5 (i)0.5 (t)0.5 (y)0.5 ( i)0.5 (n)0.6 (t)0.5 (e)0.5 (r)0.5 (e)0.5 (s)0.5 (t)0.6 ( i)0.5 (n)0.6 ( C)0.5 (o)0.6 (l)0.5 (o)0.5 (u)0.5 (r)0.5 ( S)0.5 (t)0.5 (r)0.5 (e)0.6 (a)0.5 (m)0.5 ( H)0.6 (o)0.5 (l)0.5 (d)0.5 (i)0.5 (n)0.5 (g)0.5 (s)0.6 ( L)0.5 (i)0.6 (m)0.5 (i)0.5 (t)0.5 (e)0.5 (d)0.5 (.)0.5 ( T)0.5 (h)0.5 (e)17 ( )]TJ 0 Tc 0 Tw 0 -1.2 Td (interests of all other companies are indirectly held by the Company.)Tj -2.835 -2.4 Td (\(b\))Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (Wholly-foreign-owned enterprise registered in the PRC.)Tj -2.835 -2.4 Td (\(c\))Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (A subsidiary of Talent Crest which was disposed of during the current ye\ ar \(Note 32\).)Tj -2.835 -2.4 Td (\(d\))Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (A limited liability company registered in the PRC.)Tj 0.015 Tw 11 0 0 11 79.3699 123.7658 Tm (The Directors are of the opinion that a complete list of the particulars\ of all subsidiaries of the )Tj 0.007 Tw 0 -1.273 Td (Company will be excessive length and therefore the above list contains o\ nly the particulars of )Tj 0 Tw 0 -1.273 Td (subsidiaries which principally affect the result of the Group.)Tj 0.064 Tw 0 -2.545 Td [(None )0.5 (of )0.6 (the )0.5 (subsidiaries )0.6 (had )0.6 (any )0.5 (debt )0.5 (securities )0.6 (outstanding )0.5 (at )0.5 (30 )0.6 (June )0.5 (2024 )0.5 (and )0.6 (30 )0.5 (June )]TJ 0 Tw 0 -1.273 Td (2023 or at any time during the current and prior years.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 58.448 Td (30.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (PARTICULARS OF PRINCIPAL SUBSIDIARIES OF THE COMPANY )Tj /T1_2 1 Tf (\(Continued\))Tj ET endstream endobj 61 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 62 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 63 0 obj </LastModified/NumberOfPageItemsInPage 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TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (29.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (STATEMENT OF FINANCIAL POSITION OF THE COMPANY AND RESERVES OF THE )Tj 0 -1.273 Td (COMPANY )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (The followings are the movements of the Company\222s reserves:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 652.827 127.559 -39 re 232.441 652.827 62.362 -39 re 294.803 652.827 62.362 -39 re 357.165 652.827 62.362 -39 re 419.528 652.827 62.362 -39 re 481.89 652.827 62.362 -39 re 104.882 613.827 127.559 -15.835 re 232.441 613.827 62.362 -15.835 re 294.803 613.827 62.362 -15.835 re 357.165 613.827 62.362 -15.835 re 419.528 613.827 62.362 -15.835 re 481.89 613.827 62.362 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 597.992 127.559 -13 re 104.882 584.992 127.559 -26 re 104.882 558.992 127.559 -3 re 104.882 555.992 127.559 -13 re 104.882 542.992 127.559 -26 re 104.882 516.992 127.559 -26 re 104.882 490.992 127.559 -3 re 104.882 487.992 127.559 -13 re 104.882 474.992 127.559 -13 re 104.882 461.992 127.559 -4.262 re f 232.441 597.992 62.362 -13 re 294.803 597.992 62.362 -13 re 357.165 597.992 62.362 -13 re 419.528 597.992 62.362 -13 re 481.89 597.992 62.362 -13 re 232.441 584.992 62.362 -26 re 294.803 584.992 62.362 -26 re 357.165 584.992 62.362 -26 re 419.528 584.992 62.362 -26 re 481.89 584.992 62.362 -26 re 232.441 558.992 62.362 -3 re 294.803 558.992 62.362 -3 re 357.165 558.992 62.362 -3 re 419.528 558.992 62.362 -3 re 481.89 558.992 62.362 -3 re f /CS0 cs 0.3 scn /Perceptual ri 232.441 555.992 62.362 -13 re 294.803 555.992 62.362 -13 re 357.165 555.992 62.362 -13 re 419.528 555.992 62.362 -13 re 481.89 555.992 62.362 -13 re 232.441 542.992 62.362 -26 re 294.803 542.992 62.362 -26 re 357.165 542.992 62.362 -26 re 419.528 542.992 62.362 -26 re 481.89 542.992 62.362 -26 re 232.441 516.992 62.362 -26 re 294.803 516.992 62.362 -26 re 357.165 516.992 62.362 -26 re 419.528 516.992 62.362 -26 re 481.89 516.992 62.362 -26 re 232.441 490.992 62.362 -3 re 294.803 490.992 62.362 -3 re 357.165 490.992 62.362 -3 re 419.528 490.992 62.362 -3 re 481.89 490.992 62.362 -3 re 232.441 487.992 62.362 -13 re 294.803 487.992 62.362 -13 re 357.165 487.992 62.362 -13 re 419.528 487.992 62.362 -13 re 481.89 487.992 62.362 -13 re 232.441 474.992 62.362 -13 re 294.803 474.992 62.362 -13 re 357.165 474.992 62.362 -13 re 419.528 474.992 62.362 -13 re 481.89 474.992 62.362 -13 re 232.441 461.992 62.362 -4.262 re 294.803 461.992 62.362 -4.262 re 357.165 461.992 62.362 -4.262 re 419.528 461.992 62.362 -4.262 re 481.89 461.992 62.362 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 9 0 0 10 264.1233 628.5267 Tm (Share )Tj -1.458 -1.3 Td (premium)Tj 7.536 1.3 Td (Surplus )Tj -0.241 -1.3 Td (account)Tj 8.021 2.6 Td (Share )Tj -0.794 -1.3 Td (options )Tj 0.016 -1.3 Td (reserve)Tj 4.192 1.3 Td (Accumulated )Tj 3.24 -1.3 Td (losses)Tj 7.577 0 Td (Total)Tj /T1_0 1 Tf -29.165 -1.3 Td (HK$\222000)Tj 6.929 0 Td (HK$\222000)Tj 6.929 0 Td (HK$\222000)Tj 6.929 0 Td (HK$\222000)Tj 6.929 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -43.705 -1.583 Td (At 1 July 2022)Tj 16.229 0 Td (454,068)Tj 7.485 0 Td (70,189)Tj 6.929 0 Td (19,000)Tj 6.132 0 Td (\(482,179\))Tj 7.726 0 Td (61,078)Tj -44.501 -1.3 Td (Loss and total comprehensive )Tj 0.945 -1.3 Td (expense for the year)Tj 18.398 0 Td (\226)Tj 6.929 0 Td (\226)Tj 6.929 0 Td (\226)Tj 3.574 0 Td (\(108,364\))Tj 6.929 0 Td (\(108,364\))Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 104.8818 556.2422 cm 0 0 m 127.559 0 l S Q BT /GS1 gs 9 0 0 0.1 133.2283 557.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 232.4409 556.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 284.1298 557.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 294.803 556.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 346.4919 557.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 357.1652 556.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 408.8541 557.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 419.5274 556.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 471.2163 557.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 481.8896 556.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 533.5786 557.6921 Tm ( )Tj 9 0 0 10 110.551 531.6921 Tm (At 30 June 2023 and )Tj ( )Tj 0.945 -1.3 Td (1 July 2023 )Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 15.284 0 Td (454,068)Tj 7.485 0 Td (70,189)Tj 6.929 0 Td (19,000)Tj 6.077 0 Td (\(590,543\))Tj 7.485 0 Td (\(47,286\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -44.205 -1.3 Td (Loss and total comprehensive )Tj 0.945 -1.3 Td (expense for the year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.398 0 Td (\226)Tj 6.929 0 Td (\226)Tj 6.929 0 Td (\226)Tj 4.631 0 Td (\(3,303\))Tj 6.929 0 Td (\(3,303\))Tj ET q 1 0 0 1 104.8816 488.2422 cm 0 0 m 127.559 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9 0 0 0.1 133.2281 489.6922 Tm ( )Tj ET /GS0 gs q 1 0 0 1 232.4407 488.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs /T1_1 1 Tf 9 0 0 0.1 284.1296 489.6922 Tm ( )Tj ET /GS0 gs q 1 0 0 1 294.8029 488.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 346.4918 489.6922 Tm ( )Tj ET /GS0 gs q 1 0 0 1 357.165 488.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 408.8539 489.6922 Tm ( )Tj ET /GS0 gs q 1 0 0 1 419.5272 488.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 471.2161 489.6922 Tm ( )Tj ET /GS0 gs q 1 0 0 1 481.8894 488.2422 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 533.5784 489.6922 Tm ( )Tj /T1_0 1 Tf 9 0 0 10 110.5508 463.6922 Tm (At 30 June 2024)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 16.229 0 Td (454,068)Tj 7.485 0 Td (70,189)Tj 6.929 0 Td (19,000)Tj 6.077 0 Td (\(593,846\))Tj 7.485 0 Td (\(50,589\))Tj ET 2 w q 1 0 0 1 104.8815 458.7302 cm 0 0 m 127.559 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9 0 0 0.1 133.228 459.4302 Tm ( )Tj ET /GS0 gs q 1 0 0 1 232.4406 458.7302 cm 0 0 m 62.362 0 l S Q BT /GS1 gs /T1_1 1 Tf 9 0 0 0.1 284.1295 459.4302 Tm ( )Tj ET /GS0 gs q 1 0 0 1 294.8027 458.7302 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 346.4916 459.4302 Tm ( )Tj ET /GS0 gs q 1 0 0 1 357.1649 458.7302 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 408.8538 459.4302 Tm ( )Tj ET /GS0 gs q 1 0 0 1 419.5271 458.7302 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 471.216 459.4302 Tm ( )Tj ET /GS0 gs q 1 0 0 1 481.8893 458.7302 cm 0 0 m 62.362 0 l S Q BT /GS1 gs 9 0 0 0.1 533.5782 459.4302 Tm ( )Tj /CS0 cs 1 scn /GS0 gs 11 0 0 11 76.535 434.6002 Tm (30.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (PARTICULARS OF PRINCIPAL SUBSIDIARIES OF THE COMPANY)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.006 Tc 0.092 Tw 0 -1.227 Td [(Particulars of the Company\222s principal subsidiaries at the end of the\ reporting year are as)6 ( )]TJ 0 Tc 0 Tw 0 -1.227 Td (follows:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.881 392.23 90.709 -67.835 re 195.59 392.23 70.866 -67.835 re 266.456 392.23 70.866 -67.835 re 337.322 392.23 113.386 -67.835 re 450.708 392.23 93.543 -67.835 re 104.881 324.396 90.709 -15.835 re 195.59 324.396 70.866 -15.835 re 266.456 324.396 70.866 -15.835 re 394.015 324.396 56.693 -15.835 re 450.708 324.396 93.543 -15.835 re f /CS0 cs 1 scn 337.322 324.396 56.693 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.881 308.561 90.709 -4 re 195.59 308.561 70.866 -4 re 266.456 308.561 70.866 -4 re 394.015 308.561 56.693 -4 re 450.708 308.561 93.543 -4 re 104.881 304.561 90.709 -39 re 195.59 304.561 70.866 -39 re 266.456 304.561 70.866 -39 re 394.015 304.561 56.693 -39 re 450.708 304.561 93.543 -39 re 104.881 265.561 90.709 -13 re 195.59 265.561 70.866 -13 re 266.456 265.561 70.866 -13 re 394.015 265.561 56.693 -13 re 450.708 265.561 93.543 -13 re 104.881 252.561 90.709 -26 re 195.59 252.561 70.866 -26 re 266.456 252.561 70.866 -26 re 394.015 252.561 56.693 -26 re 450.708 252.561 93.543 -26 re 104.881 226.561 90.709 -13 re 195.59 226.561 70.866 -13 re 266.456 226.561 70.866 -13 re 394.015 226.561 56.693 -13 re 450.708 226.561 93.543 -13 re 104.881 213.561 90.709 -26 re 195.59 213.561 70.866 -26 re 266.456 213.561 70.866 -26 re 394.015 213.561 56.693 -26 re 450.708 213.561 93.543 -26 re 104.881 187.561 90.709 -13 re 195.59 187.561 70.866 -13 re 266.456 187.561 70.866 -13 re 394.015 187.561 56.693 -13 re 450.708 187.561 93.543 -13 re 104.881 174.561 90.709 -26 re 195.59 174.561 70.866 -26 re 266.456 174.561 70.866 -26 re 394.015 174.561 56.693 -26 re 450.708 174.561 93.543 -26 re 104.881 148.561 90.709 -13 re 195.59 148.561 70.866 -13 re 266.456 148.561 70.866 -13 re 394.015 148.561 56.693 -13 re 450.708 148.561 93.543 -13 re 104.881 135.561 90.709 -26 re 195.59 135.561 70.866 -26 re 266.456 135.561 70.866 -26 re 394.015 135.561 56.693 -26 re 450.708 135.561 93.543 -26 re 104.881 109.561 90.709 -13 re 195.59 109.561 70.866 -13 re 266.456 109.561 70.866 -13 re 394.015 109.561 56.693 -13 re 450.708 109.561 93.543 -13 re f /CS0 cs 0.3 scn /Perceptual ri 337.322 308.561 56.693 -4 re 337.322 304.561 56.693 -39 re 337.322 265.561 56.693 -13 re 337.322 252.561 56.693 -26 re 337.322 226.561 56.693 -13 re 337.322 213.561 56.693 -26 re 337.322 187.561 56.693 -13 re 337.322 174.561 56.693 -26 re 337.322 148.561 56.693 -13 re 337.322 135.561 56.693 -26 re 337.322 109.561 56.693 -13 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 7.9 0 0 10 110.5507 328.9302 Tm (Name of subsidiary)Tj 11.841 5.2 Td (Place of )Tj 0 -1.3 Td (incorporation or )Tj 0 -1.3 Td (establishment/ )Tj 0 -1.3 Td (principal place )Tj 0 -1.3 Td (of operation)Tj 10.944 2.6 Td (Issued and )Tj -2.312 -1.3 Td (paid-up capital/)Tj -0.738 -1.3 Td (registered capital)Tj 10.166 1.3 Td (Percentage of ownership )Tj 0.87 -1.3 Td (interest/voting power)Tj 13.005 1.3 Td (Principal )Tj 0 -1.3 Td (activities)Tj -10.836 -1.583 Td (2024)Tj /T1_0 1 Tf 7.176 0 Td (2023)Tj 0 0 0 1 scn /GS1 gs -40.116 -1.983 Td (All Advance Limited)Tj 11.841 0 Td (British Virgin )Tj 1.076 -1.3 Td (Islands \(\223)Tj /T1_1 1 Tf (BVI)Tj /T1_0 1 Tf (\224\)/)Tj 0 -1.3 Td (Hong Kong)Tj 12.643 2.6 Td (US$1)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 7.491 0 Td (85%)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (85%)Tj 3.436 0 Td (Investment holding)Tj -43.776 -5.2 Td (Best Standard )Tj 1.076 -1.3 Td (Investment Limited)Tj 10.764 1.3 Td (Hong Kong/)Tj 7.9 0 0 10 245.6554 241.2612 Tm ( )Tj 7.9 0 0 10 212.5979 228.2612 Tm (Hong Kong)Tj 10.104 1.3 Td (HK$10,000)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 9.474 0 Td (100%)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (100%)Tj 3.992 0 Td (Investment holding)Tj -43.776 -3.9 Td (Colour Stream Holdings )Tj 1.076 -1.3 Td (Limited \(Note \(a\)\))Tj 10.764 1.3 Td (Samoa/Hong )Tj 1.076 -1.3 Td (Kong)Tj 11.531 1.3 Td (US$100)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 8.047 0 Td (100%)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (100%)Tj 3.992 0 Td (Investment holding)Tj -43.776 -3.9 Td (Lizan Development Co., )Tj 1.076 -1.3 Td (Limited)Tj 10.764 1.3 Td (Hong Kong/)Tj 7.9 0 0 10 245.6552 163.2612 Tm ( )Tj 7.9 0 0 10 212.5978 150.2612 Tm (Hong Kong)Tj 10.104 1.3 Td (HK$10,000)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 9.474 0 Td (100%)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (100%)Tj 3.992 0 Td (Investment holding)Tj -43.776 -3.9 Td (Pine Group Hong Kong )Tj 1.076 -1.3 Td (Limited)Tj 10.764 1.3 Td (Hong Kong/)Tj 7.9 0 0 10 245.6552 124.2612 Tm ( )Tj 7.9 0 0 10 212.5977 111.2612 Tm (Hong Kong)Tj 12.606 1.3 Td (HK$2)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 7.528 0 Td (85%)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.287 0 Td (85%)Tj 3.436 0 Td (Investment holding)Tj ET endstream endobj 128 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (99)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (29.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (STATEMENT OF FINANCIAL POSITION OF THE COMPANY AND RESERVES OF THE )Tj 0 -1.273 Td (COMPANY)Tj ET /CS1 cs 0.18 0.6 scn 79.37 666.827 269.291 -13 re 433.701 666.827 85.039 -13 re 79.37 653.827 269.291 -15.835 re 433.701 653.827 85.039 -15.835 re f /CS0 cs 1 scn 348.661 666.827 85.039 -13 re 348.661 653.827 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 637.992 269.291 -4 re 433.701 637.992 85.039 -4 re 79.37 633.992 269.291 -13 re 433.701 633.992 85.039 -13 re 79.37 620.992 269.291 -13 re 433.701 620.992 85.039 -13 re 79.37 607.992 269.291 -13 re 433.701 607.992 85.039 -13 re 79.37 594.992 269.291 -3 re 433.701 594.992 85.039 -3 re 79.37 591.992 269.291 -13 re 433.701 591.992 85.039 -13 re 79.37 578.992 269.291 -13 re 433.701 578.992 85.039 -13 re 79.37 565.992 269.291 -3 re 433.701 565.992 85.039 -3 re 79.37 562.992 269.291 -13 re 433.701 562.992 85.039 -13 re 79.37 549.992 269.291 -13 re 433.701 549.992 85.039 -13 re 79.37 536.992 269.291 -13 re 433.701 536.992 85.039 -13 re 79.37 523.992 269.291 -13 re 433.701 523.992 85.039 -13 re 79.37 510.992 269.291 -13 re 433.701 510.992 85.039 -13 re 79.37 497.992 269.291 -13 re 433.701 497.992 85.039 -13 re 79.37 484.992 269.291 -3 re 433.701 484.992 85.039 -3 re 79.37 481.992 269.291 -13 re 433.701 481.992 85.039 -13 re 79.37 468.992 269.291 -13 re 433.701 468.992 85.039 -13 re 79.37 455.992 269.291 -3 re 433.701 455.992 85.039 -3 re 79.37 452.992 269.291 -13 re 433.701 452.992 85.039 -13 re 79.37 439.992 269.291 -13 re 433.701 439.992 85.039 -13 re 79.37 426.992 269.291 -13 re 433.701 426.992 85.039 -13 re 79.37 413.992 269.291 -13 re 433.701 413.992 85.039 -13 re 79.37 400.992 269.291 -3 re 433.701 400.992 85.039 -3 re 79.37 397.992 269.291 -13 re 433.701 397.992 85.039 -13 re 79.37 384.992 269.291 -13 re 433.701 384.992 85.039 -13 re 79.37 371.992 269.291 -3 re 433.701 371.992 85.039 -3 re 79.37 368.992 269.291 -13 re 433.701 368.992 85.039 -13 re 79.37 355.992 269.291 -13 re 433.701 355.992 85.039 -13 re 79.37 342.992 269.291 -3 re 433.701 342.992 85.039 -3 re 79.37 339.992 269.291 -13 re 433.701 339.992 85.039 -13 re 79.37 326.992 269.291 -13 re 433.701 326.992 85.039 -13 re 79.37 313.992 269.291 -4.262 re 433.701 313.992 85.039 -4.262 re 79.37 309.73 269.291 -13 re 433.701 309.73 85.039 -13 re 79.37 296.73 269.291 -13 re 433.701 296.73 85.039 -13 re 79.37 283.73 269.291 -13 re 433.701 283.73 85.039 -13 re 79.37 270.73 269.291 -13 re 433.701 270.73 85.039 -13 re 79.37 257.73 269.291 -3 re 433.701 257.73 85.039 -3 re 79.37 254.73 269.291 -13 re 433.701 254.73 85.039 -13 re 79.37 241.73 269.291 -13 re 433.701 241.73 85.039 -13 re 79.37 228.73 269.291 -4.262 re 433.701 228.73 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 637.992 85.039 -4 re 348.661 633.992 85.039 -13 re 348.661 620.992 85.039 -13 re 348.661 607.992 85.039 -13 re 348.661 594.992 85.039 -3 re 348.661 591.992 85.039 -13 re 348.661 578.992 85.039 -13 re 348.661 565.992 85.039 -3 re 348.661 562.992 85.039 -13 re 348.661 549.992 85.039 -13 re 348.661 536.992 85.039 -13 re 348.661 523.992 85.039 -13 re 348.661 510.992 85.039 -13 re 348.661 497.992 85.039 -13 re 348.661 484.992 85.039 -3 re 348.661 481.992 85.039 -13 re 348.661 468.992 85.039 -13 re 348.661 455.992 85.039 -3 re 348.661 452.992 85.039 -13 re 348.661 439.992 85.039 -13 re 348.661 426.992 85.039 -13 re 348.661 413.992 85.039 -13 re 348.661 400.992 85.039 -3 re 348.661 397.992 85.039 -13 re 348.661 384.992 85.039 -13 re 348.661 371.992 85.039 -3 re 348.661 368.992 85.039 -13 re 348.661 355.992 85.039 -13 re 348.661 342.992 85.039 -3 re 348.661 339.992 85.039 -13 re 348.661 326.992 85.039 -13 re 348.661 313.992 85.039 -4.262 re 348.661 309.73 85.039 -13 re 348.661 296.73 85.039 -13 re 348.661 283.73 85.039 -13 re 348.661 270.73 85.039 -13 re 348.661 257.73 85.039 -3 re 348.661 254.73 85.039 -13 re 348.661 241.73 85.039 -13 re 348.661 228.73 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 405.7915 655.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (Non-current assets)Tj /T1_0 1 Tf 0 -1.3 Td (Investments in subsidiaries)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.743 0 Td (1)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (1)Tj -42.247 -1.3 Td (Intangible assets)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.743 0 Td (6)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (6)Tj ET /CS1 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 592.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 592.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 592.2424 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 422.4715 567.6924 Tm (7)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (7)Tj ET /GS0 gs q 1 0 0 1 79.3701 563.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 563.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 563.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 85.0394 538.6924 Tm (Current assets)Tj /T1_0 1 Tf 0 -1.3 Td (Other receivables)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (188)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (186)Tj -41.135 -1.3 Td (Amounts due from subsidiaries)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.241 0 Td (82,448)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (85,840)Tj -39.745 -1.3 Td (Tax recoverable)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (260)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (631)Tj -41.135 -1.3 Td (Bank balances and cash)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (333)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (215)Tj ET /GS0 gs q 1 0 0 1 79.3701 482.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 482.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 482.2424 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 397.4515 457.6924 Tm (83,229)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (86,872)Tj ET /GS0 gs q 1 0 0 1 79.3701 453.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 453.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 453.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 85.0394 428.6924 Tm (Current liabilities)Tj /T1_0 1 Tf 0 -1.3 Td (Other payables)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,155)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (1,209)Tj -40.301 -1.3 Td (Loan from a director)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (286)Tj ET /GS0 gs q 1 0 0 1 79.3701 398.2425 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 398.2425 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 398.2425 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 403.0115 373.6924 Tm (1,155)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (1,495)Tj ET /GS0 gs q 1 0 0 1 79.3701 369.2425 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 369.2425 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 369.2425 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 85.0394 344.6924 Tm (Net current assets)Tj /CS1 cs 0.3 1 scn /GS0 gs 31.241 0 Td (82,074)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (85,377)Tj ET /GS0 gs q 1 0 0 1 79.3701 340.2425 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 340.2425 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 340.2425 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 85.0394 315.6924 Tm (Net assets)Tj /CS1 cs 0.3 1 scn /GS0 gs 31.241 0 Td (82,081)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (85,384)Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 310.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 310.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 310.7305 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 85.0394 285.4305 Tm (Capital and reserves)Tj /T1_0 1 Tf 0 -1.3 Td (Share capital)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (132,670)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (132,670)Tj -39.189 -1.3 Td (Reserves)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.945 0 Td (\(50,589\))Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.559 0 Td (\(47,286\))Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.3701 254.9805 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 254.9805 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 254.9805 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 85.0394 230.4305 Tm (Total equity)Tj /CS1 cs 0.3 1 scn /GS0 gs 31.241 0 Td (82,081)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (85,384)Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 225.4685 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 225.4685 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 225.4685 cm 0 0 m 85.039 0 l S Q endstream endobj 127 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (98)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (28.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (SHARE OPTIONS )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.066 Tw 0 -1.273 Td (The following tables disclose the details of the Company\222s share opti\ ons outstanding at the )Tj 0 Tw 0 -1.273 Td (years ended 30 June 2024 and 2023:)Tj /T1_1 1 Tf 0 -2.545 Td (For the year ended 30 June 2024 and 2023)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 624.827 82.205 -40 re 187.087 624.827 56.693 -40 re 243.779 624.827 56.693 -40 re 300.472 624.827 56.693 -40 re 357.165 624.827 76.535 -40 re 433.701 624.827 76.535 -40 re 510.236 624.827 34.016 -40 re 104.882 584.827 82.205 -12.835 re 187.087 584.827 56.693 -12.835 re 243.779 584.827 56.693 -12.835 re 300.472 584.827 56.693 -12.835 re 357.165 584.827 76.535 -12.835 re 433.701 584.827 76.535 -12.835 re 510.236 584.827 34.016 -12.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 571.992 82.205 -4 re 187.087 571.992 56.693 -4 re 243.779 571.992 56.693 -4 re 300.472 571.992 56.693 -4 re 357.165 571.992 76.535 -4 re 433.701 571.992 76.535 -4 re 510.236 571.992 34.016 -4 re 104.882 567.992 82.205 -20 re 187.087 567.992 56.693 -20 re 243.779 567.992 56.693 -10 re 300.472 567.992 56.693 -10 re 357.165 567.992 76.535 -10 re 433.701 567.992 76.535 -10 re 510.236 567.992 34.016 -10 re 243.779 557.992 56.693 -10 re 300.472 557.992 56.693 -10 re 357.165 557.992 76.535 -10 re 433.701 557.992 76.535 -10 re 510.236 557.992 34.016 -10 re 104.882 547.992 82.205 -10 re 187.087 547.992 56.693 -10 re 243.779 547.992 56.693 -10 re 300.472 547.992 56.693 -10 re 357.165 547.992 76.535 -10 re 433.701 547.992 76.535 -10 re 510.236 547.992 34.016 -10 re 104.882 537.992 82.205 -10 re 187.087 537.992 56.693 -10 re 243.779 537.992 56.693 -10 re 300.472 537.992 56.693 -10 re 357.165 537.992 76.535 -10 re 433.701 537.992 76.535 -10 re 510.236 537.992 34.016 -10 re 104.882 527.992 82.205 -10 re 187.087 527.992 56.693 -10 re 243.779 527.992 56.693 -10 re 300.472 527.992 56.693 -10 re 357.165 527.992 76.535 -10 re 433.701 527.992 76.535 -10 re 510.236 527.992 34.016 -10 re 104.882 517.992 82.205 -3 re 187.087 517.992 56.693 -3 re 243.779 517.992 56.693 -3 re 300.472 517.992 56.693 -3 re 357.165 517.992 76.535 -3 re 433.701 517.992 76.535 -3 re 510.236 517.992 34.016 -3 re 104.882 514.992 82.205 -10 re 187.087 514.992 56.693 -10 re 300.472 514.992 56.693 -10 re 357.165 514.992 76.535 -10 re 433.701 514.992 76.535 -10 re 510.236 514.992 34.016 -10 re 104.882 504.992 82.205 -10 re 187.087 504.992 56.693 -10 re 300.472 504.992 56.693 -10 re 357.165 504.992 76.535 -10 re 433.701 504.992 76.535 -10 re 510.236 504.992 34.016 -10 re 104.882 494.992 82.205 -10 re 187.087 494.992 56.693 -10 re 300.472 494.992 56.693 -10 re 357.165 494.992 76.535 -10 re 433.701 494.992 76.535 -10 re 510.236 494.992 34.016 -10 re 104.882 484.992 82.205 -10 re 187.087 484.992 56.693 -10 re 243.779 484.992 56.693 -10 re 300.472 484.992 56.693 -10 re 357.165 484.992 76.535 -10 re 433.701 484.992 76.535 -10 re 510.236 484.992 34.016 -10 re 104.882 474.992 82.205 -10 re 187.087 474.992 56.693 -10 re 243.779 474.992 56.693 -10 re 300.472 474.992 56.693 -10 re 357.165 474.992 76.535 -10 re 433.701 474.992 76.535 -10 re 510.236 474.992 34.016 -10 re 104.882 464.992 82.205 -10 re 187.087 464.992 56.693 -10 re 243.779 464.992 56.693 -10 re 300.472 464.992 56.693 -10 re 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411.992 56.693 -10 re 300.472 411.992 56.693 -10 re 357.165 411.992 76.535 -10 re 433.701 411.992 76.535 -10 re 510.236 411.992 34.016 -10 re 104.882 401.992 82.205 -10 re 187.087 401.992 56.693 -10 re 243.779 401.992 56.693 -10 re 300.472 401.992 56.693 -10 re 357.165 401.992 76.535 -10 re 433.701 401.992 76.535 -10 re 510.236 401.992 34.016 -10 re 104.882 391.992 82.205 -3 re 187.087 391.992 56.693 -3 re 243.779 391.992 56.693 -3 re 300.472 391.992 56.693 -3 re 357.165 391.992 76.535 -3 re 433.701 391.992 76.535 -3 re 510.236 391.992 34.016 -3 re 104.882 388.992 82.205 -10 re 187.087 388.992 56.693 -10 re 300.472 388.992 56.693 -10 re 357.165 388.992 76.535 -10 re 433.701 388.992 76.535 -10 re 510.236 388.992 34.016 -10 re 104.882 378.992 82.205 -10 re 187.087 378.992 56.693 -10 re 300.472 378.992 56.693 -10 re 357.165 378.992 76.535 -10 re 433.701 378.992 76.535 -10 re 510.236 378.992 34.016 -10 re 104.882 368.992 82.205 -3 re 187.087 368.992 56.693 -3 re 300.472 368.992 56.693 -3 re 357.165 368.992 76.535 -3 re 433.701 368.992 76.535 -3 re 510.236 368.992 34.016 -3 re 104.882 365.992 82.205 -10 re 187.087 365.992 56.693 -10 re 300.472 365.992 56.693 -10 re 357.165 365.992 76.535 -10 re 433.701 365.992 76.535 -10 re 510.236 365.992 34.016 -10 re 104.882 355.992 82.205 -10 re 187.087 355.992 56.693 -10 re 300.472 355.992 56.693 -10 re 357.165 355.992 76.535 -10 re 433.701 355.992 76.535 -10 re 510.236 355.992 34.016 -10 re 104.882 345.992 82.205 -4.262 re 187.087 345.992 56.693 -4.262 re 300.472 345.992 56.693 -4.262 re 357.165 345.992 76.535 -4.262 re 433.701 345.992 76.535 -4.262 re 510.236 345.992 34.016 -4.262 re 104.882 341.73 82.205 -10 re 187.087 341.73 56.693 -10 re 300.472 341.73 56.693 -10 re 357.165 341.73 76.535 -10 re 433.701 341.73 76.535 -10 re 510.236 341.73 34.016 -10 re 104.882 331.73 82.205 -20 re 187.087 331.73 56.693 -20 re 300.472 331.73 56.693 -20 re 357.165 331.73 76.535 -20 re 433.701 331.73 76.535 -20 re 510.236 331.73 34.016 -20 re 104.882 311.73 82.205 -4.262 re 187.087 311.73 56.693 -4.262 re 300.472 311.73 56.693 -4.262 re 357.165 311.73 76.535 -4.262 re 433.701 311.73 76.535 -4.262 re 510.236 311.73 34.016 -4.262 re 104.882 307.469 82.205 -10 re 187.087 307.469 56.693 -10 re 300.472 307.469 56.693 -10 re 357.165 307.469 76.535 -10 re 433.701 307.469 76.535 -10 re 510.236 307.469 34.016 -10 re 104.882 297.469 82.205 -20 re 187.087 297.469 56.693 -20 re 300.472 297.469 56.693 -20 re 357.165 297.469 76.535 -20 re 433.701 297.469 76.535 -20 re 510.236 297.469 34.016 -20 re 104.882 277.469 82.205 -4.262 re 187.087 277.469 56.693 -4.262 re 300.472 277.469 56.693 -4.262 re 357.165 277.469 76.535 -4.262 re 433.701 277.469 76.535 -4.262 re 510.236 277.469 34.016 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 243.779 514.992 56.693 -10 re 243.779 504.992 56.693 -10 re 243.779 494.992 56.693 -10 re 243.779 388.992 56.693 -10 re 243.779 378.992 56.693 -10 re 243.779 368.992 56.693 -3 re 243.779 365.992 56.693 -10 re 243.779 355.992 56.693 -10 re 243.779 345.992 56.693 -4.262 re 243.779 341.73 56.693 -10 re 243.779 331.73 56.693 -20 re 243.779 311.73 56.693 -4.262 re 243.779 307.469 56.693 -10 re 243.779 297.469 56.693 -20 re 243.779 277.469 56.693 -4.262 re f BT /CS1 cs 0 0 0 0 scn 5.6 0 0 7 187.0866 596.0168 Tm (Positions held )Tj 0 -1.429 Td (in the Company)Tj 12.179 4.286 Td (Outstanding at )Tj 1.516 -1.429 Td (1 July 2022, )Tj -2.724 -1.429 Td (30 June 2023 and )Tj 2.056 -1.429 Td (30 June 2024)Tj 8.233 0 Td (Grant date)Tj 9.111 1.429 Td (Validity period )Tj 0 -1.429 Td (\(both dates inclusive\))Tj 13.667 1.429 Td (Exercisable period )Tj 0 -1.429 Td (\(both dates inclusive\))Tj 14.638 1.429 Td (Exercise )Tj 1.685 -1.429 Td (price)Tj /T1_0 1 Tf 0.498 -1.429 Td (HK$)Tj 0 0 0 1 scn /GS1 gs -74.526 -2.405 Td (Mr. Zhang Sanhuo)Tj 13.667 0 Td (Chairman and )Tj 0.749 -1.429 Td (Executive Director)Tj 14.038 1.429 Td (1,999,800)Tj 6.473 0 Td (22.9.2017)Tj 9.111 0 Td (22.9.2017 to 21.9.2027)Tj 13.667 0 Td (22.9.2017 to 21.9.2027)Tj 16.783 0 Td (0.83)Tj -46.034 -1.429 Td (1,999,800)Tj 6.473 0 Td (22.9.2017)Tj 9.111 0 Td (22.9.2017 to 21.9.2027)Tj 13.667 0 Td (22.9.2018 to 21.9.2027)Tj 16.783 0 Td (0.83)Tj -46.034 -1.429 Td (2,000,400)Tj 6.473 0 Td (22.9.2017)Tj 9.111 0 Td (22.9.2017 to 21.9.2027)Tj 13.667 0 Td (22.9.2019 to 21.9.2027)Tj 16.783 0 Td (0.83)Tj -46.034 -1.429 Td (5,430,000)Tj 6.473 0 Td (12.12.2018)Tj 9.111 0 Td (12.12.2018 to 11.12.2028)Tj 13.667 0 Td (12.12.2018 to 11.12.2028)Tj 16.783 0 Td (0.46)Tj -46.034 -1.429 Td (5,430,000)Tj 6.473 0 Td (12.12.2018)Tj 9.111 0 Td (12.12.2018 to 11.12.2028)Tj 13.667 0 Td (12.12.2019 to 11.12.2028)Tj 16.783 0 Td (0.46)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 243.7797 515.2424 cm 0 0 m 56.693 0 l S Q BT /GS1 gs 5.6 0 0 7 110.5514 496.1824 Tm (Sub-total for Director)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 27.898 0 Td (16,860,000)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -27.898 -4.286 Td (Mr. Chan Cheuk Ho)Tj 13.667 0 Td (Employee)Tj /T1_2 1 Tf ( )Tj /T1_0 1 Tf 3.2648 0 0 4.081 212.3986 468.5134 Tm (\(Note 1\))Tj 5.6 0 0 7 269.8946 466.1824 Tm (1,999,800)Tj 6.473 0 Td (22.9.2017)Tj 9.111 0 Td (22.9.2017 to 21.9.2027)Tj 13.667 0 Td (22.9.2017 to 21.9.2027)Tj 16.783 0 Td (0.83)Tj -46.034 -1.429 Td (1,999,800)Tj 6.473 0 Td (22.9.2017)Tj 9.111 0 Td (22.9.2017 to 21.9.2027)Tj 13.667 0 Td (22.9.2018 to 21.9.2027)Tj 16.783 0 Td (0.83)Tj -46.034 -1.429 Td (2,000,400)Tj 6.473 0 Td (22.9.2017)Tj 9.111 0 Td (22.9.2017 to 21.9.2027)Tj 13.667 0 Td (22.9.2019 to 21.9.2027)Tj 16.783 0 Td (0.83)Tj -46.034 -1.429 Td (6,630,000)Tj 6.473 0 Td (12.12.2018)Tj 9.111 0 Td (12.12.2018 to 11.12.2028)Tj 13.667 0 Td (12.12.2018 to 11.12.2028)Tj 16.783 0 Td (0.46)Tj -46.034 -1.429 Td (6,630,000)Tj 6.473 0 Td (12.12.2018)Tj 9.111 0 Td (12.12.2018 to 11.12.2028)Tj 13.667 0 Td (12.12.2019 to 11.12.2028)Tj 16.783 0 Td (0.46)Tj -74.488 -3.286 Td (Consultants)Tj 27.898 0 Td (18,260,000)Tj 7.029 0 Td (12.12.2018)Tj 9.111 0 Td (12.12.2018 to 11.12.2028)Tj 13.667 0 Td (12.12.2018 to 11.12.2028)Tj 16.783 0 Td (0.46)Tj -46.59 -1.429 Td (18,260,000)Tj 7.029 0 Td (12.12.2018)Tj 9.111 0 Td (12.12.2018 to 11.12.2028)Tj 13.667 0 Td (12.12.2019 to 11.12.2028)Tj 16.783 0 Td (0.46)Tj ET /GS0 gs q 1 0 0 1 243.7802 389.2424 cm 0 0 m 56.693 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 5.6 0 0 7 266.7814 370.1824 Tm (55,780,000)Tj ET q 1 0 0 1 243.7802 366.2424 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.6 0 0 7 110.5519 347.1824 Tm (Total)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 27.898 0 Td (72,640,000)Tj ET 2 w q 1 0 0 1 243.7802 342.7305 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.6 0 0 7 110.5518 322.9205 Tm (Exercisable at the end of )Tj 5.6 0 0 7 171.5461 322.9205 Tm ( )Tj 5.6 0 0 7 114.7471 312.9205 Tm (the year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 27.149 1.429 Td (72,640,000)Tj ET q 1 0 0 1 243.7802 308.4685 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.6 0 0 7 110.5518 288.6585 Tm (Weighted average exercise )Tj 0.749 -1.429 Td (price \(HK$\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.207 1.429 Td (0.52)Tj ET q 1 0 0 1 243.7801 274.2065 cm 0 0 m 56.693 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 104.8825 250.9065 Tm (Note: )Tj 0.018 Tc 0.092 Tw 0 -2.4 Td [(1)18 (.)]TJ /Span<>> BDC 0.834 0 Td ( )Tj EMC 2.001 0 Td [(Mr. Chan Cheuk Ho has resigned as an executive Director with effect from\ 31 May 2022.)18 ( )]TJ 0.001 Tc 0 -1.2 Td [(Mr. Chan Cheuk Ho remains as the Company Secretary and authorised repres\ entative of the)1 ( )]TJ 0 Tc 0 Tw 0 -1.2 Td (Company.)Tj 0.024 Tc 0.092 Tw 11 0 0 11 104.8825 176.0765 Tm [(Share options granted to consultants were incentives for helping the Gro\ up to provide)24 ( )]TJ 0 Tc 0.045 Tw 0 -1.273 Td (professional advice in relation to the business and the operation of the\ Group. The fair value )Tj 0.047 Tw 0 -1.273 Td (of such benefit could not be estimated reliably and as a result, the fai\ r value is measured by )Tj 0 Tw 0 -1.273 Td (reference to the fair value of share options granted.)Tj 0.016 Tw 0 -2.545 Td (The Black-Scholes pricing model was developed for use in estimating the \ fair value of traded )Tj 0.08 Tw 0 -1.273 Td (options and requires input of highly subjective assumptions, including t\ he expected life and )Tj 0.009 Tc 0.091 Tw 0 -1.273 Td [(s)0.5 (to)0.5 (ck)0.5 ( p)0.5 (r)0.5 (ic)0.5 (e v)0.5 (ol)0.5 (a)0.5 (ti)0.5 (li)0.5 (t)0.5 (y.)0.5 ( S)0.5 (in)0.5 (c)0.5 (e t)0.5 (h)0.5 (e C)0.5 (o)0.5 (mp)0.5 (an)0.5 (y)0.5 (\222s)0.5 ( s)0.5 (ha)0.5 (r)0.5 (e op)0.5 (ti)0.5 (on)0.5 (s)0.5 ( h)0.5 (av)0.5 (e c)0.5 (h)0.5 (ar)0.5 (a)0.5 (ct)0.5 (er)0.5 (i)0.5 (st)0.5 (i)0.5 (cs)0.5 ( s)0.5 (ig)0.5 (n)0.5 (if)0.5 (ic)0.5 (a)0.5 (nt)0.5 (ly)9 ( )]TJ 0.039 Tc 0 -1.273 Td [(different from those of traded options, and because changes in the subje\ ctive input)39 ( )]TJ 0.001 Tc 0.092 Tw 0 -1.273 Td [(assumptions can materially affect the fair value estimates, the Black-Sc\ holes pricing model)1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (does not necessarily provide a reliable measure of the fair value of the\ share options.)Tj ET endstream endobj 126 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (97)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (28.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (SHARE OPTIONS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.053 Tw 0 -1.273 Td (Pursuant to a resolution passed on 22 November 2013, the Company has ado\ pted a share )Tj 0.015 Tc 0.092 Tw 0 -1.273 Td (option scheme \(the \223)Tj /T1_1 1 Tf -0.015 Tw (Scheme)Tj /T1_0 1 Tf 0.092 Tw [(\224\), for the purpose of providing incentives to Directors and)15.1 ( )]TJ 0 Tc 0.014 Tw 0 -1.273 Td (eligible employees and, unless otherwise cancelled or amended. The Schem\ e expired on the )Tj 0.001 Tc 0.092 Tw 0 -1.273 Td [(tenth anniversary of the adoption date and no further share options may \ be granted under)1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (the Scheme.)Tj 0.08 Tw 0 -2.545 Td [(The )0.5 (Scheme shall )0.5 (be )0.5 (valid )0.5 (and effective )0.5 (until )0.5 (the )0.5 (expiry dates, )0.5 (after )0.5 (which )0.5 (period )0.5 (no further )]TJ 0.001 Tc 0.091 Tw 0 -1.273 Td [(s)0.6 (h)0.5 (a)0.6 (r)0.5 (e)0.6 ( o)0.5 (p)0.6 (t)0.5 (i)0.6 (o)0.5 (n)0.6 (s)0.6 ( w)0.5 (i)0.6 (l)0.5 (l)0.6 ( b)0.5 (e)0.6 ( g)0.6 (r)0.5 (a)0.5 (n)0.6 (t)0.6 (e)0.5 (d)0.6 ( b)0.6 (u)0.5 (t)0.6 ( t)0.5 (h)0.6 (e)0.5 ( p)0.6 (r)0.6 (o)0.5 (v)0.6 (i)0.5 (s)0.6 (i)0.5 (o)0.6 (n)0.5 (s)0.6 ( o)0.5 (f)0.6 ( t)0.6 (h)0.5 (e)0.6 ( S)0.6 (c)0.5 (h)0.6 (e)0.5 (m)0.6 (e)0.5 ( s)0.6 (h)0.5 (a)0.6 (l)0.5 (l)0.6 ( r)0.6 (e)0.5 (m)0.6 (a)0.5 (i)0.5 (n)0.6 ( i)0.6 (n)0.5 ( f)0.5 (o)0.5 (r)0.6 (c)0.6 (e)0.5 ( t)0.6 (o)0.5 ( t)0.6 (h)0.5 (e)1.1 ( )]TJ 0.015 Tc 0.092 Tw 0 -1.273 Td [(extent necessary to give effect to the exercise of any options granted o\ r exercised prior)15 ( )]TJ 0 Tc 0.048 Tw 0 -1.273 Td [(thereto. )0.6 (Under )0.5 (the )0.6 (Scheme, )0.6 (the )0.5 (Board )0.6 (of )0.5 (Directors )0.6 (may )0.6 (grant )0.5 (options )0.5 (to )0.5 (eligible )0.5 (employees, )]TJ 0.025 Tw 0 -1.273 Td (including executive directors, any of its subsidiaries, or any persons w\ ho have contributed or )Tj 0 Tw 0 -1.273 Td (will contribute to the Group, to subscribe for shares in the Company.)Tj 0.083 Tw 0 -2.545 Td (The total number of shares in respect of which options may be granted un\ der the Scheme )Tj -0.005 Tc 0 Tw 0 -1.273 Td [(a)0.5 (n)0.5 (d)0.6 ( )0.5 (a)0.5 (n)0.5 (y)0.5 ( )0.5 (o)0.5 (t)0.5 (h)0.6 (e)0.5 (r)0.5 ( )0.5 (s)0.5 (c)0.5 (h)0.6 (e)0.5 (m)0.5 (e)0.5 (s)0.5 ( )0.5 (i)0.6 (s)0.5 ( )0.5 (n)0.5 (o)0.5 (t)0.5 ( )0.5 (p)0.6 (e)0.5 (r)0.5 (m)0.5 (i)0.5 (t)0.5 (t)0.6 (e)0.5 (d)0.5 ( )0.5 (t)0.5 (o)0.5 ( )0.5 (e)0.5 (x)0.6 (c)0.5 (e)0.5 (e)0.5 (d)0.5 ( )0.5 (1)0.5 (0)0.5 (%)0.6 ( )0.5 (o)0.5 (f)0.5 ( )0.5 (t)0.5 (h)0.6 (e)0.5 ( )0.5 (s)0.5 (h)0.5 (a)0.5 (r)0.6 (e)0.5 (s)0.5 ( )0.5 (o)0.5 (f)0.5 ( )0.5 (t)0.6 (h)0.5 (e)0.5 ( )0.5 (C)0.5 (o)0.5 (m)0.5 (p)0.5 (a)0.6 (n)0.5 (y)0.5 ( )0.5 (i)0.5 (n)0.5 ( )0.5 (i)0.6 (s)0.5 (s)0.5 (u)0.5 (e)-5 ( )]TJ 0.003 Tc 0.091 Tw 0 -1.273 Td (at the respective date of Shareholders\222 approval of each scheme \(the\ \223)Tj /T1_1 1 Tf [(Scheme Mandate)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Limit)Tj /T1_0 1 Tf 0.008 Tw [(\224\) )0.5 (or, if such )0.5 (10% limit is )0.5 (refreshed, )0.5 (at the date )0.5 (of Shareholders\222 approval of the )0.5 (renewal )]TJ 0.009 Tc 0.092 Tw 0 -1.273 Td [(of the Scheme Mandate Limit. The maximum aggregate number of shares whic\ h may be)9 ( )]TJ 0.002 Tc 0 -1.273 Td [(issued upon the exercise of all outstanding options granted and yet to b\ e exercised under)2 ( )]TJ 0 Tc 0.017 Tw 0 -1.273 Td [(the )0.5 (Scheme )0.5 (and any )0.5 (other )0.5 (share )0.5 (option )0.5 (schemes, )0.5 (must )0.5 (not exceed 30% )0.5 (of the total )0.5 (number )]TJ 0.007 Tc 0.092 Tw 0 -1.273 Td [(of shares of the Company in issue from time to time. The number of share\ s in respect of)7 ( )]TJ 0 Tc 0.09 Tw 0 -1.273 Td (which options may be granted to any individual in any one year is not pe\ rmitted to exceed )Tj 0.054 Tw 0 -1.273 Td (1% of the shares of the Company then in issue, without prior approval fr\ om the Company\222s )Tj -0.001 Tc 0 Tw 0 -1.273 Td [(shareholders. Each grant of options to any director, chief executive or \ substantial shareholder)-1 ( )]TJ 0 Tc 0.046 Tw 0 -1.273 Td (must be approved by independent non-executive directors. Where any grant\ of options to a )Tj 0.002 Tc 0.091 Tw 0 -1.273 Td [(substantial shareholder or an independent non-executive director or any \ of their respective)2 ( )]TJ 0 Tc 0.009 Tw 0 -1.273 Td (associates would result in the shares of the Company issued and to be is\ sued upon exercise )Tj 0.005 Tc 0.091 Tw 0 -1.273 Td [(of option)0.5 (s alr)0.5 (eady granted and to be granted)0.5 ( in exces)0.5 (s o)0.5 (f 0.1% of the Compan)0.5 (y\222s issued)5 ( )]TJ 0 Tc 0.059 Tw 0 -1.273 Td (share capital and with a value in excess of HK$5,000,000 in the 12-month\ period up to the )Tj 0 Tw 0 -1.273 Td (date of grant, then the grant must be approved in advance by the Shareho\ lders.)Tj 0.072 Tw 0 -2.545 Td (Options granted must be taken up within 21 days from the date of grant, \ upon payment of )Tj 0.062 Tw 0 -1.273 Td (HK$1 per option. An option may be exercised in accordance with the terms\ of the Scheme )Tj 0.014 Tw 0 -1.273 Td (at any time during the respective effective period of each scheme to be \ notified by the Board )Tj 0.041 Tw 0 -1.273 Td [(of Directors )0.5 (which shall not )0.5 (be later than 10 years from )0.5 (the date of grant. 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The Group\222s overall stra\ tegy remains unchanged)-1 ( )]TJ 0 Tc 0 -1.273 Td (from prior year.)Tj 0.004 Tc 0.091 Tw 0 -2.545 Td [(The capital structure of)0.5 ( the Group con)0.5 (sist)0.5 (s of net debts, which includes bank borro)0.5 (wings,)4 ( )]TJ 0.009 Tc 0.092 Tw 0 -1.273 Td [(net of cash and cash equivalents, and equity attributable to the owners \ of the Company,)9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (comprising issued share capital, share premium and reserves.)Tj 0.033 Tc 0.092 Tw 0 -2.545 Td [(The Directors review the capital structure periodically taking into acco\ unt the cost of)33 ( )]TJ 0.004 Tc 0 -1.273 Td [(capital and the risks associated with each class of capital. 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424.1458 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.874 424.1458 cm 0 0 m 70.866 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 399.5958 Tm (Amount due for settlement after )Tj ( )Tj 0.85 -1.3 Td (12 months)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 34.366 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.919 0 Td (476)Tj ET 2 w /GS0 gs q 1 0 0 1 377.0079 381.6339 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.874 381.6339 cm 0 0 m 70.866 0 l S Q BT /GS1 gs -0.002 Tc 11 0 0 11 79.3701 357.5038 Tm [(At 30 June 2024, the average effective borrowing rate was 5.38% \(2023: \ ranging from 4.80%)-2 ( )]TJ 0.002 Tc 0.092 Tw 0 -1.273 Td [(to 5.38%\). Interest rates are fixed at the contract dates and thus expo\ se the Group to fair)2 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (value interest rate risk.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (25.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BANK BORROWINGS)Tj ET /CS1 cs 0.18 0.6 scn 79.37 285.634 269.291 -13 re 433.701 285.634 85.039 -13 re 79.37 272.634 269.291 -15.835 re 433.701 272.634 85.039 -15.835 re f /CS0 cs 1 scn 348.661 285.634 85.039 -13 re 348.661 272.634 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 256.799 269.291 -4 re 433.701 256.799 85.039 -4 re 79.37 252.8 269.291 -13 re 433.701 252.8 85.039 -13 re 79.37 239.8 269.291 -26 re 433.701 239.8 85.039 -26 re 79.37 213.8 269.291 -3 re 433.701 213.8 85.039 -3 re 79.37 210.8 269.291 -13 re 433.701 210.8 85.039 -13 re 79.37 197.8 269.291 -13 re 433.701 197.8 85.039 -13 re 79.37 184.8 269.291 -4.262 re 433.701 184.8 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 256.799 85.039 -4 re 348.661 252.8 85.039 -13 re 348.661 239.8 85.039 -26 re 348.661 213.8 85.039 -3 re 348.661 210.8 85.039 -13 re 348.661 197.8 85.039 -13 re 348.661 184.8 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 405.7915 274.3339 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Secured bank borrowings)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.502 0 Td (1,367)Tj -40.301 -1.3 Td (Less: )Tj /Span<>> BDC ( )Tj EMC 2.574 0 Td (Amount due for settlement within 12 months )Tj ( )Tj /Span<>> BDC 0 -1.3 Td ( )Tj EMC 1 0 Td (\(shown under current liabilities\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.225 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.095 0 Td (\(521\))Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.3701 211.0496 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 211.0496 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 211.0496 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 186.4995 Tm (Amount due for settlement after 12 months)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (846)Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 181.5376 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 181.5376 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 181.5376 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 0.003 Tw 11 0 0 11 79.3701 157.4076 Tm [(At 30 June 2023, )0.5 (the effective interest )0.5 (rate )0.5 (\(which is )0.5 (also equal )0.5 (to contracted interest rate\) )0.5 (on )]TJ 0 Tw 0 -1.273 Td (the Group\222s fixed-rate bank borrowings was 4.85% per annum.)Tj ET endstream endobj 133 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (94)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (20.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (CONTRACT COSTS AND CONTRACT LIABILITIES )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (Significant changes in contract liabilities during the year:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 666.827 269.291 -26 re 459.213 666.827 85.039 -26 re 104.882 640.827 269.291 -13 re 459.213 640.827 85.039 -13 re 104.882 627.827 269.291 -15.835 re 459.213 627.827 85.039 -15.835 re f /CS0 cs 1 scn 374.173 666.827 85.039 -26 re 374.173 640.827 85.039 -13 re 374.173 627.827 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 611.992 269.291 -4 re 459.213 611.992 85.039 -4 re 104.882 607.992 269.291 -13 re 459.213 607.992 85.039 -13 re 104.882 594.992 269.291 -13 re 459.213 594.992 85.039 -13 re 104.882 581.992 269.291 -13 re 459.213 581.992 85.039 -13 re 104.882 568.992 269.291 -13 re 459.213 568.992 85.039 -13 re 104.882 555.992 269.291 -13 re 459.213 555.992 85.039 -13 re 104.882 542.992 269.291 -4.262 re 459.213 542.992 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 611.992 85.039 -4 re 374.173 607.992 85.039 -13 re 374.173 594.992 85.039 -13 re 374.173 581.992 85.039 -13 re 374.173 568.992 85.039 -13 re 374.173 555.992 85.039 -13 re 374.173 542.992 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 411.684 655.5267 Tm (Contract )Tj -0.01 -1.3 Td (liabilities)Tj /T1_0 1 Tf 8.958 1.3 Td (Contract )Tj 0.243 -1.3 Td (liabilities)Tj /T1_1 1 Tf -7.229 -1.3 Td (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Increase due to operations during the year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.501 0 Td (\(1,849\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.393 0 Td (\(444\))Tj -40.894 -2.6 Td (Transfer of contract liabilities to revenue)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (492)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (578)Tj -41.135 -2.6 Td (Exchange adjustments)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.891 0 Td (\(11\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.8 0 Td (40)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 11 0 0 11 76.5352 515.6005 Tm (21.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BANK BALANCES AND CASH)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.03 Tw 0 -1.273 Td (Bank balances and cash comprise certain short-term bank deposits at inte\ rest rates ranging )Tj 0.037 Tw 0 -1.273 Td (from 0.01% to 0.875% \(2023: 0.01% to 0.35%\) per annum with an original\ maturity of three )Tj 0 Tw 0 -1.273 Td (months or less.)Tj 0.005 Tc 0.092 Tw 0 -2.545 Td [(As at 30 June 2024, the bank balances and cash of the Group denominated \ in Renminbi)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (\(\223)Tj /T1_1 1 Tf (RMB)Tj /T1_0 1 Tf 0.014 Tw [(\224\) )0.5 (amounted )0.5 (to approximately )0.5 (HK$82,895,230 )0.5 (\(2023: approximately HK$97,094,299\). )]TJ 0.092 Tw 0 -1.273 Td (Conversion of RMB into foreign currencies subject to the PRC\222s Foreig\ n Exchange Control )Tj 0 Tw 0 -1.273 Td (Regulations.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (22.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (TRADE AND OTHER PAYABLES )Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.076 Tw 0 -1.273 Td (The following is an aged analysis of trade payables presented based on t\ he invoice date at )Tj 0 Tw 0 -1.273 Td (the end of the reporting year:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 331.73 269.291 -13 re 459.212 331.73 85.039 -13 re 104.882 318.73 269.291 -15.835 re 459.212 318.73 85.039 -15.835 re f /CS0 cs 1 scn 374.173 331.73 85.039 -13 re 374.173 318.73 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 302.896 269.291 -4 re 459.212 302.896 85.039 -4 re 104.882 298.896 269.291 -13 re 459.212 298.896 85.039 -13 re 104.882 285.896 269.291 -13 re 459.212 285.896 85.039 -13 re 104.882 272.896 269.291 -3 re 459.212 272.896 85.039 -3 re 104.882 269.896 269.291 -13 re 459.212 269.896 85.039 -13 re 104.882 256.896 269.291 -13 re 459.212 256.896 85.039 -13 re 104.882 243.896 269.291 -13 re 459.212 243.896 85.039 -13 re 104.882 230.896 269.291 -3 re 459.212 230.896 85.039 -3 re 104.882 227.896 269.291 -13 re 459.212 227.896 85.039 -13 re 104.882 214.896 269.291 -13 re 459.212 214.896 85.039 -13 re 104.882 201.896 269.291 -4.262 re 459.212 201.896 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 302.896 85.039 -4 re 374.173 298.896 85.039 -13 re 374.173 285.896 85.039 -13 re 374.173 272.896 85.039 -3 re 374.173 269.896 85.039 -13 re 374.173 256.896 85.039 -13 re 374.173 243.896 85.039 -13 re 374.173 230.896 85.039 -3 re 374.173 227.896 85.039 -13 re 374.173 214.896 85.039 -13 re 374.173 201.896 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 431.3031 320.4305 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (1 to 30 days)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (772)Tj -41.135 -1.3 Td (Over 90 days)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.502 0 Td (5,819)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 104.8815 270.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1729 270.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 270.1461 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5508 245.5961 Tm (Trade payables)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.502 0 Td (6,591)Tj -40.301 -1.3 Td (Accruals and other payables)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,374)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (9,417)Tj ET /GS0 gs q 1 0 0 1 104.8815 228.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1729 228.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 228.1461 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 428.5229 203.5961 Tm (1,374)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (16,008)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8815 198.6342 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1729 198.6342 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 198.6342 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 11 0 0 11 104.8815 174.5041 Tm (The average credit period on purchases of goods is 30 to 60 days \(2023:\ 30 to 60 days\).)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (23.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (LOAN FROM A DIRECTOR)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (The amount is unsecured, interest-free and repayable on demand.)Tj ET endstream endobj 132 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (93)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (19.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (TRADE AND OTHER RECEIVABLES )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.006 Tc 0.092 Tw 0 -1.273 Td [(The Group applies the simplified approach under HKFRS 9 to provide for e\ xpected credit)6 ( )]TJ 0.019 Tc 0 -1.273 Td [(losses using the lifetime expected loss provision for all trade receivab\ les. The expected)18.9 ( )]TJ 0.009 Tc 0.091 Tw 0 -1.273 Td [(credit losses are measured based on individual assessment, taking into a\ ccount the past)9 ( )]TJ 0 Tc 0.045 Tw 0 -1.273 Td (due status of debtors, adjusted as appropriate to reflect account condit\ ion and estimates of )Tj 0 Tw 0 -1.273 Td (future conditions.)Tj 0.092 Tw 0 -2.545 Td (During the year, no impairment loss or reversal of impairment loss \(202\ 3: Nil\) for trade and )Tj 0 Tw 0 -1.273 Td (other receivables.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.5 Td (20.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (CONTRACT COSTS AND CONTRACT LIABILITIES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.019 Tw 0 -1.273 Td (The contract costs of the Group are under the computer software and hard\ ware and system )Tj 0 Tw 0 -1.273 Td (development service segment.)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 513.327 184.252 -13 re 348.661 513.327 85.039 -13 re 433.701 513.327 85.039 -13 re 79.37 500.327 184.252 -13 re 348.661 500.327 85.039 -13 re 433.701 500.327 85.039 -13 re 79.37 487.327 184.252 -15.835 re 348.661 487.327 85.039 -15.835 re 433.701 487.327 85.039 -15.835 re f /CS0 cs 1 scn 263.622 513.327 85.039 -13 re 263.622 500.327 85.039 -13 re 263.622 487.327 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 471.492 184.252 -4 re 348.661 471.492 85.039 -4 re 433.701 471.492 85.039 -4 re 79.37 467.492 184.252 -13 re 348.661 467.492 85.039 -13 re 433.701 467.492 85.039 -13 re 79.37 454.492 184.252 -13 re 348.661 454.492 85.039 -13 re 433.701 454.492 85.039 -13 re 79.37 441.492 184.252 -3 re 348.661 441.492 85.039 -3 re 433.701 441.492 85.039 -3 re 79.37 438.492 184.252 -13 re 348.661 438.492 85.039 -13 re 433.701 438.492 85.039 -13 re 79.37 425.492 184.252 -13 re 348.661 425.492 85.039 -13 re 433.701 425.492 85.039 -13 re 79.37 412.492 184.252 -4.262 re 348.661 412.492 85.039 -4.262 re 433.701 412.492 85.039 -4.262 re 79.37 408.23 184.252 -13 re 348.661 408.23 85.039 -13 re 433.701 408.23 85.039 -13 re 79.37 395.23 184.252 -26 re 348.661 395.23 85.039 -26 re 433.701 395.23 85.039 -26 re 79.37 369.23 184.252 -4.262 re 348.661 369.23 85.039 -4.262 re 433.701 369.23 85.039 -4.262 re 79.37 364.969 184.252 -13 re 348.661 364.969 85.039 -13 re 433.701 364.969 85.039 -13 re 79.37 351.969 184.252 -13 re 348.661 351.969 85.039 -13 re 433.701 351.969 85.039 -13 re 79.37 338.969 184.252 -4.262 re 348.661 338.969 85.039 -4.262 re 433.701 338.969 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 263.622 471.492 85.039 -4 re 263.622 467.492 85.039 -13 re 263.622 454.492 85.039 -13 re 263.622 441.492 85.039 -3 re 263.622 438.492 85.039 -13 re 263.622 425.492 85.039 -13 re 263.622 412.492 85.039 -4.262 re 263.622 408.23 85.039 -13 re 263.622 395.23 85.039 -26 re 263.622 369.23 85.039 -4.262 re 263.622 364.969 85.039 -13 re 263.622 351.969 85.039 -13 re 263.622 338.969 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 292.7827 502.0268 Tm (At 30 June)Tj /T1_0 1 Tf 8.838 0 Td (At 30 June)Tj 9.468 0 Td (At 1 July)Tj /T1_1 1 Tf -15.509 -1.3 Td (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj 8.504 0 Td (2022)Tj /T1_1 1 Tf -18.749 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 8.504 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Contract assets)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.295 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (\226)Tj 6.502 0 Td (5,573)Tj -40.301 -1.3 Td (Contract costs \226 pre-contract costs)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.295 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (408)Tj 7.67 0 Td (1,645)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 438.7425 cm 0 0 m 184.252 0 l S Q q 1 0 0 1 263.6221 438.7425 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 348.6614 438.7425 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 438.7425 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 414.1924 Tm (Total contract assets and contract costs)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 25.295 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (408)Tj 7.67 0 Td (7,218)Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 409.2305 cm 0 0 m 184.252 0 l S Q q 1 0 0 1 263.6221 409.2305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 348.6614 409.2305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 409.2305 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 383.9305 Tm (Contract receivables \(included in trade )Tj 0.85 -1.3 Td (receivables\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 23.277 0 Td (193)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (3,479)Tj 8.504 0 Td (1,560)Tj ET /GS0 gs q 1 0 0 1 79.3701 365.9685 cm 0 0 m 184.252 0 l S Q q 1 0 0 1 263.6221 365.9685 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 348.6614 365.9685 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 365.9685 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 340.6685 Tm (Contract liabilities)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 23.293 0 Td (1,864)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.338 0 Td (496)Tj 8.504 0 Td (670)Tj ET /GS0 gs q 1 0 0 1 79.3701 335.7065 cm 0 0 m 184.252 0 l S Q q 1 0 0 1 263.6221 335.7065 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 348.6614 335.7065 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 335.7065 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 0.026 Tc 0.091 Tw 11 0 0 11 79.3701 311.5765 Tm [(T)0.5 (r)0.6 (a)0.5 (n)0.5 (s)0.6 (a)0.5 (c)0.6 (t)0.5 (i)0.5 (o)0.5 (n)0.6 ( p)0.5 (r)0.6 (i)0.5 (c)0.5 (e)0.6 (s)0.5 ( a)0.5 (l)0.6 (l)0.5 (o)0.5 (c)0.6 (a)0.5 (t)0.5 (e)0.6 (d)0.5 ( t)0.5 (o)0.6 ( p)0.6 (e)0.5 (r)0.6 (f)0.5 (o)0.5 (r)0.6 (m)0.5 (a)0.6 (n)0.5 (c)0.5 (e)0.6 ( o)0.6 (b)0.5 (l)0.6 (i)0.5 (g)0.5 (a)0.5 (t)0.6 (i)0.5 (o)0.6 (n)0.5 (s)0.5 ( u)0.6 (n)0.5 (s)0.6 (a)0.5 (t)0.5 (i)0.6 (s)0.5 (f)0.5 (i)0.6 (e)0.5 (d)0.6 ( a)0.6 (t)0.5 ( e)0.5 (n)0.6 (d)0.5 ( o)0.5 (f)0.6 ( y)0.5 (e)0.5 (a)0.6 (r)0.5 ( a)0.5 (n)0.6 (d)26 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (expected to be recognised as revenue in:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 281.707 269.291 -13 re 79.37 268.707 269.291 -13 re 79.37 255.707 269.291 -15.835 re f /CS0 cs 1 scn 348.661 281.707 85.039 -13 re 348.661 268.707 85.039 -13 re 348.661 255.707 85.039 -15.835 re f /CS2 cs 0.18 0.6 scn 433.701 281.707 85.039 -13 re 433.701 268.707 85.039 -13 re 433.701 255.707 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 239.872 269.291 -4 re 433.701 239.872 85.039 -4 re 79.37 235.872 269.291 -13 re 433.701 235.872 85.039 -13 re 79.37 222.872 269.291 -13 re 433.701 222.872 85.039 -13 re 79.37 209.872 269.291 -3 re 433.701 209.872 85.039 -3 re 79.37 206.872 269.291 -13 re 433.701 206.872 85.039 -13 re 79.37 193.872 269.291 -13 re 433.701 193.872 85.039 -13 re 79.37 180.872 269.291 -4.262 re 433.701 180.872 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 239.872 85.039 -4 re 348.661 235.872 85.039 -13 re 348.661 222.872 85.039 -13 re 348.661 209.872 85.039 -3 re 348.661 206.872 85.039 -13 re 348.661 193.872 85.039 -13 re 348.661 180.872 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 377.822 270.4065 Tm (At 30 June)Tj /T1_0 1 Tf 8.838 0 Td (At 30 June)Tj /T1_1 1 Tf -6.041 -1.3 Td (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (\226 Within one year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,864)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.338 0 Td (313)Tj -41.135 -1.3 Td (\226 In the second year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (183)Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.3701 207.1222 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 207.1222 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 207.1222 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 403.0115 182.5722 Tm (1,864)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.338 0 Td (496)Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 177.6102 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 177.6102 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 177.6102 cm 0 0 m 85.039 0 l S Q endstream endobj 131 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (92)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (19.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (TRADE AND OTHER RECEIVABLES)Tj ET /CS1 cs 0.18 0.6 scn 104.882 680.827 269.291 -13 re 459.213 680.827 85.039 -13 re 104.882 667.827 269.291 -15.835 re 459.213 667.827 85.039 -15.835 re f /CS0 cs 1 scn 374.173 680.827 85.039 -13 re 374.173 667.827 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 651.992 269.291 -4 re 459.213 651.992 85.039 -4 re 104.882 647.992 269.291 -13 re 459.213 647.992 85.039 -13 re 104.882 634.992 269.291 -13 re 459.213 634.992 85.039 -13 re 104.882 621.992 269.291 -13 re 459.213 621.992 85.039 -13 re 104.882 608.992 269.291 -3 re 459.213 608.992 85.039 -3 re 104.882 605.992 269.291 -13 re 459.213 605.992 85.039 -13 re 104.882 592.992 269.291 -13 re 459.213 592.992 85.039 -13 re 104.882 579.992 269.291 -3 re 459.213 579.992 85.039 -3 re 104.882 576.992 269.291 -13 re 459.213 576.992 85.039 -13 re 104.882 563.992 269.291 -13 re 459.213 563.992 85.039 -13 re 104.882 550.992 269.291 -3 re 459.213 550.992 85.039 -3 re 104.882 547.992 269.291 -13 re 459.213 547.992 85.039 -13 re 104.882 534.992 269.291 -13 re 459.213 534.992 85.039 -13 re 104.882 521.992 269.291 -3 re 459.213 521.992 85.039 -3 re 104.882 518.992 269.291 -13 re 459.213 518.992 85.039 -13 re 104.882 505.992 269.291 -13 re 459.213 505.992 85.039 -13 re 104.882 492.992 269.291 -13 re 459.213 492.992 85.039 -13 re 104.882 479.992 269.291 -3 re 459.213 479.992 85.039 -3 re 104.882 476.992 269.291 -13 re 459.213 476.992 85.039 -13 re 104.882 463.992 269.291 -13 re 459.213 463.992 85.039 -13 re 104.882 450.992 269.291 -4.262 re 459.213 450.992 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 651.992 85.039 -4 re 374.173 647.992 85.039 -13 re 374.173 634.992 85.039 -13 re 374.173 621.992 85.039 -13 re 374.173 608.992 85.039 -3 re 374.173 605.992 85.039 -13 re 374.173 592.992 85.039 -13 re 374.173 579.992 85.039 -3 re 374.173 576.992 85.039 -13 re 374.173 563.992 85.039 -13 re 374.173 550.992 85.039 -3 re 374.173 547.992 85.039 -13 re 374.173 534.992 85.039 -13 re 374.173 521.992 85.039 -3 re 374.173 518.992 85.039 -13 re 374.173 505.992 85.039 -13 re 374.173 492.992 85.039 -13 re 374.173 479.992 85.039 -3 re 374.173 476.992 85.039 -13 re 374.173 463.992 85.039 -13 re 374.173 450.992 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 431.3033 669.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (Current)Tj /T1_0 1 Tf 0 -1.3 Td (Trade receivables)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (193)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (3,479)Tj -40.301 -1.3 Td (Less: allowance for doubtful debts)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (\226)Tj ET /CS1 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 104.8818 606.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 606.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 606.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 581.6924 Tm (Trade receivables, net)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (193)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (3,479)Tj ET /GS0 gs q 1 0 0 1 104.8817 577.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 577.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 577.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 552.6924 Tm (Deposits, prepayments and other receivables)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (2,997)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (2,835)Tj ET /GS0 gs q 1 0 0 1 104.8817 548.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 548.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 548.2424 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 428.5232 523.6924 Tm (3,190)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (6,314)Tj ET /GS0 gs q 1 0 0 1 104.8817 519.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 519.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 519.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 110.551 494.6924 Tm (Non-current)Tj /T1_0 1 Tf 0 -1.3 Td (Rental deposits)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (537)Tj ET /GS0 gs q 1 0 0 1 104.8817 477.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 477.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 477.2424 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 428.5231 452.6924 Tm (3,190)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (6,851)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8817 447.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 447.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 447.7305 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 0.017 Tc 0.092 Tw 11 0 0 11 104.8817 423.6005 Tm [(The Group allows a credit period of 90 to 180 days \(2023: 90 to 180 day\ s\) to its trade)17 ( )]TJ 0.019 Tc 0 -1.273 Td [(customers. )0.5 (The )0.5 (aged )0.5 (analysis )0.5 (of )0.6 (trade )0.5 (receivables, )0.5 (net )0.5 (of )0.5 (allowances )0.5 (for )0.6 (doubtful )0.5 (debt,)19 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (presented based on invoice date is as follows:)Tj ET /CS1 cs 0.18 0.6 scn /GS0 gs 104.882 379.73 269.291 -13 re 459.212 379.73 85.039 -13 re 104.882 366.73 269.291 -15.835 re 459.212 366.73 85.039 -15.835 re f /CS0 cs 1 scn 374.173 379.73 85.039 -13 re 374.173 366.73 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 350.896 269.291 -4 re 459.212 350.896 85.039 -4 re 104.882 346.896 269.291 -13 re 459.212 346.896 85.039 -13 re 104.882 333.896 269.291 -13 re 459.212 333.896 85.039 -13 re 104.882 320.896 269.291 -13 re 459.212 320.896 85.039 -13 re 104.882 307.896 269.291 -3 re 459.212 307.896 85.039 -3 re 104.882 304.896 269.291 -13 re 459.212 304.896 85.039 -13 re 104.882 291.896 269.291 -13 re 459.212 291.896 85.039 -13 re 104.882 278.896 269.291 -4.262 re 459.212 278.896 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 350.896 85.039 -4 re 374.173 346.896 85.039 -13 re 374.173 333.896 85.039 -13 re 374.173 320.896 85.039 -13 re 374.173 307.896 85.039 -3 re 374.173 304.896 85.039 -13 re 374.173 291.896 85.039 -13 re 374.173 278.896 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 431.3031 368.4305 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (1 to 30 days)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (193)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (757)Tj -41.135 -1.3 Td (31 to 60 days)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (764)Tj -41.135 -1.3 Td (Over 90 days)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.502 0 Td (1,958)Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8816 305.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1729 305.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 305.1461 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 436.863 280.5961 Tm (193)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (3,479)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8816 275.6342 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1729 275.6342 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 275.6342 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 11 0 0 11 104.8816 251.5042 Tm (Reconciliation of loss allowance for trade receivables:)Tj ET /CS1 cs 0.18 0.6 scn /GS0 gs 104.882 235.634 269.291 -13 re 459.212 235.634 85.039 -13 re 104.882 222.634 269.291 -15.835 re 459.212 222.634 85.039 -15.835 re f /CS0 cs 1 scn 374.173 235.634 85.039 -13 re 374.173 222.634 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 206.8 269.291 -4 re 459.212 206.8 85.039 -4 re 104.882 202.8 269.291 -13 re 459.212 202.8 85.039 -13 re 104.882 189.8 269.291 -13 re 459.212 189.8 85.039 -13 re 104.882 176.8 269.291 -13 re 459.212 176.8 85.039 -13 re 104.882 163.8 269.291 -3 re 459.212 163.8 85.039 -3 re 104.882 160.8 269.291 -13 re 459.212 160.8 85.039 -13 re 104.882 147.8 269.291 -13 re 459.212 147.8 85.039 -13 re 104.882 134.8 269.291 -4.262 re 459.212 134.8 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 206.8 85.039 -4 re 374.173 202.8 85.039 -13 re 374.173 189.8 85.039 -13 re 374.173 176.8 85.039 -13 re 374.173 163.8 85.039 -3 re 374.173 160.8 85.039 -13 re 374.173 147.8 85.039 -13 re 374.173 134.8 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 431.303 224.3342 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (At beginning of year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (234)Tj -41.135 -1.3 Td (Amount written-off)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.095 0 Td (\(226\))Tj -40.894 -1.3 Td (Exchange adjustments)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.207 0 Td (\(8\))Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8815 161.0499 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1728 161.0499 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 161.0499 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5507 136.4998 Tm (At end of year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (\226)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8814 131.5379 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1728 131.5379 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2121 131.5379 cm 0 0 m 85.039 0 l S Q endstream endobj 130 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (91)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (18.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (INTANGIBLE ASSETS)Tj ET /CS1 cs 0.18 0.6 scn 79.37 682.827 121.89 -22 re 201.26 682.827 79.37 -22 re 280.63 682.827 79.37 -22 re 360 682.827 79.37 -22 re 439.37 682.827 79.37 -22 re 79.37 660.827 121.89 -11 re 201.26 660.827 79.37 -11 re 280.63 660.827 79.37 -11 re 360 660.827 79.37 -11 re 439.37 660.827 79.37 -11 re 79.37 649.827 121.89 -13.835 re 201.26 649.827 79.37 -13.835 re 280.63 649.827 79.37 -13.835 re 360 649.827 79.37 -13.835 re 439.37 649.827 79.37 -13.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 635.992 121.89 -4 re 79.37 631.992 121.89 -11 re 79.37 620.992 121.89 -11 re 79.37 609.992 121.89 -11 re 79.37 598.992 121.89 -3 re 79.37 595.992 121.89 -11 re 79.37 584.992 121.89 -22 re 79.37 562.992 121.89 -22 re 79.37 540.992 121.89 -11 re 79.37 529.992 121.89 -11 re 79.37 518.992 121.89 -3 re 79.37 515.992 121.89 -11 re 79.37 504.992 121.89 -11 re 79.37 493.992 121.89 -4.262 re 79.37 489.73 121.89 -11 re 79.37 478.73 121.89 -22 re 79.37 456.73 121.89 -11 re 79.37 445.73 121.89 -11 re 79.37 434.73 121.89 -11 re 79.37 423.73 121.89 -11 re 79.37 412.73 121.89 -11 re 79.37 401.73 121.89 -3 re 79.37 398.73 121.89 -11 re 79.37 387.73 121.89 -22 re 79.37 365.73 121.89 -11 re 79.37 354.73 121.89 -11 re 79.37 343.73 121.89 -22 re 79.37 321.73 121.89 -3 re 79.37 318.73 121.89 -11 re 79.37 307.73 121.89 -11 re 79.37 296.73 121.89 -3 re 79.37 293.73 121.89 -11 re 79.37 282.73 121.89 -11 re 79.37 271.73 121.89 -11 re 79.37 260.73 121.89 -4.262 re 79.37 256.469 121.89 -11 re 79.37 245.469 121.89 -11 re 79.37 234.469 121.89 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 201.26 635.992 79.37 -4 re 280.63 635.992 79.37 -4 re 360 635.992 79.37 -4 re 439.37 635.992 79.37 -4 re 201.26 631.992 79.37 -11 re 280.63 631.992 79.37 -11 re 360 631.992 79.37 -11 re 439.37 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)Tj 0.945 -1.1 Td (1 July 2023)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.657 0 Td (\226)Tj 7.651 0 Td (105)Tj 6.873 0 Td (114,715)Tj 8.819 0 Td (114,820)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -43.945 -1.1 Td (Disposal of subsidiaries )Tj ( )Tj 0.945 -1.1 Td (\(Note 32\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.657 0 Td (\226)Tj 8.819 0 Td (\226)Tj 5.409 0 Td (\(114,715\))Tj 8.819 0 Td (\(114,715\))Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -43.649 -1.1 Td (Additions \(Note \(b\)\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.6 0 Td (2,734)Tj 10.821 0 Td (\226)Tj 8.819 0 Td (\226)Tj 6.817 0 Td (2,734)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -45.057 -1.1 Td (Exchange adjustments)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.694 0 Td (\(12\))Tj 9.727 0 Td (\226)Tj 8.819 0 Td (\226)Tj 7.911 0 Td (\(12\))Tj ET q 1 0 0 1 79.37 516.2424 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2597 516.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6298 516.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9999 516.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.37 516.2424 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9 0 0 10 85.0393 495.6924 Tm (At 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.6 0 Td (2,722)Tj 9.653 0 Td (105)Tj 9.987 0 Td (\226)Tj 6.817 0 Td (2,827)Tj ET 2 w q 1 0 0 1 79.37 490.7305 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2597 490.7305 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6298 490.7305 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9999 490.7305 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.37 490.7305 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs 9 0 0 10 85.0393 469.4305 Tm (Amortisation and )Tj 0.945 -1.1 Td (impairment)Tj /T1_0 1 Tf -0.945 -1.1 Td (At 1 July 2022)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.602 0 Td (\226)Tj 6.817 0 Td (2,188)Tj 8.263 0 Td (45,243)Tj 8.819 0 Td (47,431)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -44.501 -1.1 Td (Exchange adjustments)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.602 0 Td (\226)Tj 8.819 0 Td (\226)Tj 8.819 0 Td (\226)Tj 8.819 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -47.059 -1.1 Td (Provided for the year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.602 0 Td (\226)Tj 8.763 0 Td (1)Tj 6.317 0 Td (11,465)Tj 8.819 0 Td (11,466)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -44.501 -1.1 Td (Write-off)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.602 0 Td (\226)Tj 6.521 0 Td (\(2,090\))Tj 11.117 0 Td (\226)Tj 6.521 0 Td (\(2,090\))Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -44.761 -1.1 Td (Impairment loss \(Note \(a\)\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.602 0 Td (\226)Tj 8.819 0 Td (\226)Tj 6.261 0 Td (58,007)Tj 8.819 0 Td (58,007)Tj ET 0.5 w q 1 0 0 1 79.3698 398.9805 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2596 398.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6297 398.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9998 398.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3698 398.9805 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9 0 0 10 85.0391 378.4305 Tm (At 30 June 2023 and )Tj ( )Tj 0.945 -1.1 Td (1 July 2023)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.657 0 Td (\226)Tj 8.207 0 Td (99)Tj 6.317 0 Td (114,715)Tj 8.819 0 Td (114,814)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -43.945 -1.1 Td (Exchange adjustments)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.25 0 Td (\(1\))Tj 9.171 0 Td (\226)Tj 8.819 0 Td (\226)Tj 8.467 0 Td (\(1\))Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -46.707 -1.1 Td (Provided for the year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.99 0 Td (57)Tj 9.431 0 Td (\226)Tj 8.819 0 Td (\226)Tj 8.207 0 Td (57)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -46.447 -1.1 Td (Disposal of subsidiaries )Tj ( )Tj 0.945 -1.1 Td (\(Note 32\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.657 0 Td (\226)Tj 8.819 0 Td (\226)Tj 5.409 0 Td (\(114,715\))Tj 8.819 0 Td (\(114,715\))Tj ET q 1 0 0 1 79.3697 318.9805 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2594 318.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6295 318.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9996 318.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3697 318.9805 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9 0 0 10 85.0389 298.4305 Tm (At 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.99 0 Td (56)Tj 8.819 0 Td (99)Tj 9.431 0 Td (\226)Tj 7.651 0 Td (155)Tj ET q 1 0 0 1 79.3697 293.9805 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2594 293.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6295 293.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9996 293.9805 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3697 293.9805 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs 9 0 0 10 85.0389 273.4305 Tm (Carrying amount)Tj /T1_0 1 Tf 0 -1.1 Td (At 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.6 0 Td (2,666)Tj 10.765 0 Td (6)Tj 8.875 0 Td (\226)Tj 6.817 0 Td (2,672)Tj ET 2 w q 1 0 0 1 79.3697 257.4685 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2594 257.4685 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6295 257.4685 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9996 257.4685 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3697 257.4685 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9 0 0 10 85.0389 236.1685 Tm (At 30 June 2023)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.602 0 Td (\226)Tj 8.763 0 Td (6)Tj 8.875 0 Td (\226)Tj 8.763 0 Td (6)Tj ET q 1 0 0 1 79.3697 231.2066 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2595 231.2066 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6295 231.2066 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 359.9996 231.2066 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3697 231.2066 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 79.3697 210.9065 Tm (Notes:)Tj 0.018 Tc 0.092 Tw 0 -2 Td [(\()18 (a)18 (\))]TJ /Span<>> BDC 1.001 0 Td ( )Tj EMC 1.834 0 Td [(Such intangible assets arose from the acquisition of Eternal Abundant Gr\ oup in July 2018)18.1 ( )]TJ 0.002 Tc 0 -1 Td [(based on the valuation prepared by an independent external valuer adopti\ ng the multi-period)2 ( )]TJ 0.012 Tc 0.091 Tw 0 -1 Td [(excess earnings method under the income approach. The intangible assets \ were evaluated)12 ( )]TJ -0.001 Tc 0 Tw 0 -1 Td [(based on Eternal Ab)0.5 (undant Group\222s Core Customers of th)0.5 (e f)0.5 (ive)0.5 ( years )0.5 (pr)0.5 (ec)0.5 (eding the acquisition.)-1 ( )]TJ 0 Tc 0.033 Tw 0 -1 Td (As at the date of the valuation, the relationships between Eternal Abund\ ant Group and its Core )Tj 0.005 Tc 0.092 Tw 0 -1 Td [(Customers have been well-established, strong and achieved through track \ records of quality)5 ( )]TJ 0 Tc 0.019 Tw 0 -1 Td [(product )0.5 (deliveries. However, during the )0.5 (prior year, almost all of the existing )0.5 (significant contracts )]TJ 0.003 Tc 0.092 Tw 0 -1 Td [(and projects of Eternal Abundant Group had been completed and no signifi\ cant contracts or)3 ( )]TJ 0 Tc 0.07 Tw 0 -1 Td (projects had been obtained from its Core Customers or other customers. F\ ull impairment loss )Tj -0.001 Tc 0 Tw 0 -1 Td [(has been made in the prior year accordingly. Details of the impairment a\ ssessment are provided)-1 ( )]TJ 0 Tc 0 -1 Td (in Note 17.)Tj 0.052 Tw -2.835 -2 Td (\(b\))Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (During the year, the non-controlling interests of a subsidiary has injec\ ted intangible assets with )Tj 0 Tw 0 -1 Td (fair value of approximately HK$2,734,000 as capital contribution to that\ subsidiary.)Tj ET endstream endobj 51 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 52 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 53 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 54 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 55 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 140 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (90)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 0.909 Tw 11 0 0 11 76.5354 696.6968 Tm (17.)Tj /Span<>> BDC ( )Tj EMC (GOODWILL )Tj /T1_2 1 Tf 0 Tw 8.336 0 Td (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.011 Tc 0.091 Tw -5.759 -1.273 Td [(Since the first half of the prior year, the implementation of strict loc\ kdown measures and)11 ( )]TJ 0 Tc 0.09 Tw 0 -1.273 Td (anti-pandemic policies in the PRC had a discouraging effect on business \ activities, thereby )Tj 0.002 Tw 0 -1.273 Td (adversely affecting the operation and development of Eternal Abundant Gr\ oup. In the second )Tj 0.045 Tw 0 -1.273 Td [(half of the prior year, the global economy continued )0.5 (to decline, posing significant challenges )]TJ 0 Tw 0 -1.273 Td (to the PRC\222s economy. Consequently, a considerable portion of the cus\ tomer base exhibited )Tj 0.02 Tc 0.092 Tw 0 -1.273 Td [(a decreased willingness to invest in or upgrade their computer software \ and hardware,)20 ( )]TJ 0.004 Tc 0.091 Tw 0 -1.273 Td [(l)0.5 (ea)0.5 (d)0.5 (in)0.5 (g)0.5 ( t)0.5 (o a)0.5 ( d)0.5 (e)0.5 (cl)0.5 (i)0.5 (ne)0.5 (d)0.5 ( i)0.5 (n si)0.5 (g)0.5 (ni)0.5 (f)0.5 (i)0.5 (ca)0.5 (n)0.5 (t pr)0.5 (o)0.5 (je)0.5 (c)0.5 (t o)0.5 (p)0.5 (po)0.5 (r)0.5 (t)0.5 (un)0.5 (i)0.5 (ti)0.5 (e)0.5 (s)0.5 ( d)0.5 (ur)0.5 (i)0.5 (ng)0.5 ( t)0.5 (h)0.5 (e pr)0.5 (i)0.5 (or)0.5 ( y)0.5 (e)0.5 (ar)0.5 (.)0.5 ( Th)0.5 (i)0.5 (s)0.5 (, i)0.5 (n)0.5 ( t)0.5 (u)0.5 (rn)0.5 (,)4 ( )]TJ 0 Tc 0.04 Tw 0 -1.273 Td [(resulted )0.6 (in )0.5 (the )0.5 (loss )0.5 (of )0.6 (existing )0.5 (core )0.6 (customers )0.6 (\(the )0.5 (\223)]TJ /T1_1 1 Tf [(Core )0.5 (Customers)]TJ /T1_0 1 Tf [(\224\) )0.5 (of )0.5 (Eternal )0.5 (Abundant )]TJ 0.027 Tc 0.092 Tw 0 -1.273 Td [(Group and posed difficulties in attracting new customers for Eternal Abu\ ndant Group,)27 ( )]TJ 0 Tc 0.032 Tw 0 -1.273 Td (thereby affecting its overall performance. As a result, Eternal Abundant\ Group was unable to )Tj 0 Tw 0 -1.273 Td (secure significant contracts or projects and recorded an operating loss \ in the prior year.)Tj 0.031 Tc 0.092 Tw 0 -2.545 Td [(The )0.5 (discount rates, )0.5 (growth )0.5 (rates and )0.5 (budgeted )0.5 (gross margin )0.5 (and )0.5 (revenue )0.5 (during )0.5 (the)31 ( )]TJ 0.012 Tc 0 -1.273 Td [(projection )0.5 (period )0.5 (have )0.5 (been reassessed )0.5 (in the prior )0.5 (year )0.5 (taking )0.5 (into )0.5 (consideration )0.5 (higher)12 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (degree of estimation uncertainties due to the reasons as mentioned above\ .)Tj -0.002 Tc 0 -2.545 Td [(For the purpose of impairment assessment in the prior year, gross margin\ from approximately)-2 ( )]TJ 0.005 Tc 0.092 Tw 0 -1.273 Td [(6% )0.5 (to )0.5 (29% )0.5 (was )0.5 (adopted )0.6 (for )0.6 (the )0.6 (projected )0.5 (years )0.5 (from )0.5 (2024 )0.6 (to )0.6 (2028 )0.5 (and )0.5 (net )0.5 (margin )0.5 (from)5 ( )]TJ 0 Tc 0.075 Tw 0 -1.273 Td (-60% to 4% was adopted for the projected years from 2024 to 2028. The Gr\ oup prepared )Tj 0.026 Tc 0.092 Tw 0 -1.273 Td [(cash flow projections derived from the most recent financial budgets app\ roved by the)26 ( )]TJ 0 Tc 0.09 Tw 0 -1.273 Td (Directors for the next five years with the residual period using the gro\ wth rate of 3% in the )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(prior year. This rate does not exceed the average long-term growth rate \ for the relevant)14.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (markets.)Tj 0.014 Tw 0 -2.545 Td (The rate used to discount the projected cash flows from the Group\222s c\ omputer software and )Tj 0 Tw 0 -1.273 Td (hardware and system development service segment was approximately 20.57%\ .)Tj -0.003 Tc 0 -2.545 Td [(The recoverable amount of the CGUs are based on the valuation carried ou\ t by Greater China)-3 ( )]TJ 0 Tc 0.033 Tw 0 -1.273 Td [(Appraisal Limited )0.5 (\(\223)]TJ /T1_1 1 Tf (Greater China)Tj /T1_0 1 Tf [(\224\), an independent )0.5 (professional valuer not connected with )]TJ 0 Tw 0 -1.273 Td (the Group.)Tj 0.02 Tw 0 -2.545 Td (Based on the valuation prepared by Greater China, the value-in-use of th\ e CGU consisted of )Tj 0 Tw 0 -1.273 Td (a group of assets held under Eternal Abundant Group as at 30 June 2023 w\ as zero.)Tj 0.009 Tc 0.092 Tw 0 -2.545 Td [(The management had considered the key assumptions adopted in the valuati\ on and had)9 ( )]TJ 0 Tc 0.087 Tw 0 -1.273 Td (based its determination of the CGU\222s recoverable amount would cause a\ n impairment loss )Tj 0.004 Tc 0.092 Tw 0 -1.273 Td [(on goodwill of approximately HK$18,289,000 and an impairment loss on int\ angible assets)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (under the same CGU of approximately HK$58,007,000 in the prior year.)Tj 0.006 Tc 0.092 Tw 0 -2.545 Td [(During the current year, the Group disposed of its entire equity interes\ t in Talent Crest as)6 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (detailed in Note 32.)Tj ET endstream endobj 139 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (89)Tj 1 scn /T1_1 1 Tf 0.909 Tw 11 0 0 11 51.0236 696.6968 Tm (17.)Tj /Span<>> BDC ( )Tj EMC (GOODWILL)Tj ET /CS1 cs 0.18 0.6 scn 79.37 682.827 354.331 -14.835 re 433.701 682.827 85.039 -14.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 667.992 354.331 -4 re 79.37 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1 scn /GS0 gs /T1_1 1 Tf 39.745 0 Td (92,270)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -39.745 -1.2 Td (Disposal of subsidiaries \(Note 32\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 39.449 0 Td (\(92,270\))Tj ET q 1 0 0 1 79.3701 506.9805 cm 0 0 m 354.331 0 l S Q q 1 0 0 1 433.7008 506.9805 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 85.0394 484.4305 Tm (At 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 42.303 0 Td (\226)Tj ET 2 w q 1 0 0 1 79.3701 479.4685 cm 0 0 m 354.331 0 l S Q q 1 0 0 1 433.7008 479.4685 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs 10 0 0 10 85.0394 456.1685 Tm (Carrying amount)Tj /T1_0 1 Tf 0 -1.2 Td (At 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 42.303 0 Td (\226)Tj ET q 1 0 0 1 79.3701 439.2065 cm 0 0 m 354.331 0 l S Q q 1 0 0 1 433.7008 439.2065 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 85.0394 415.9065 Tm (At 30 June 2023)Tj 42.303 0 Td (\226)Tj ET /GS0 gs q 1 0 0 1 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The)7 ( )]TJ 0.014 Tc 0 -1.091 Td [(carrying amount of goodwill of approximately HK$92,270,000 arose from th\ e acquisition)14.1 ( )]TJ 0.016 Tc 0.091 Tw 0 -1.091 Td [(o)0.5 (f)0.5 ( E)0.5 (t)0.5 (e)0.5 (r)0.6 (n)0.5 (a)0.5 (l)0.5 ( A)0.5 (b)0.6 (u)0.5 (n)0.5 (d)0.5 (a)0.5 (n)0.5 (t)0.6 ( L)0.6 (i)0.5 (m)0.5 (i)0.5 (t)0.5 (e)0.5 (d)0.5 ( a)0.5 (n)0.5 (d)0.5 ( i)0.5 (t)0.5 (s)0.5 ( s)0.5 (u)0.5 (b)0.5 (s)0.6 (i)0.5 (d)0.5 (i)0.5 (a)0.5 (r)0.5 (i)0.5 (e)0.5 (s)0.5 ( \()0.5 (\223)]TJ /T1_1 1 Tf 22.729 0 Td [(E)0.5 (t)0.5 (e)0.5 (r)0.6 (n)0.5 (a)0.5 (l)0.5 ( A)0.5 (b)0.5 (u)0.5 (n)0.5 (d)0.5 (a)0.5 (n)0.6 (t)0.5 ( G)0.6 (r)0.5 (o)0.5 (u)0.5 (p)]TJ /T1_0 1 Tf 12.043 0 Td [(\224)0.5 (\))0.5 ( b)0.5 (y)0.5 ( T)0.5 (a)0.5 (l)0.5 (e)0.5 (n)0.5 (t)16 ( )]TJ 0 Tc 0.067 Tw -34.773 -1.091 Td (Crest Limited \(\223)Tj /T1_1 1 Tf (Talent Crest)Tj /T1_0 1 Tf (\224\), a wholly-owned subsidiary of the Company, during the year )Tj 0.003 Tc 0.092 Tw 0 -1.091 Td [(ended 30 June 2019 had been allocated to computer software and hardware \ and system)3 ( )]TJ 0.024 Tc 0 -1.091 Td [(development service )0.5 (segment for the purpose of impairment testing. In )0.5 (addition to )0.5 (the)24 ( )]TJ -0.002 Tc 0 Tw 0 -1.091 Td [(goodwill, the major non-current asset attributable to this segment is th\ e customer relationship)-2 ( )]TJ 0 Tc 0 -1.091 Td (under intangible assets \(Note 18\(a\)\).)Tj 0.007 Tc 0.092 Tw 0 -2.182 Td [(The recoverable amount of the CGU of the computer software and hardware \ and system)7 ( )]TJ 0.024 Tc 0 -1.091 Td [(development service business is determined based on a value-in-use calcu\ lation using)24 ( )]TJ 0.016 Tc 0.091 Tw 0 -1.091 Td [(d)0.5 (i)0.5 (s)0.6 (c)0.5 (o)0.5 (u)0.6 (n)0.5 (t)0.5 (e)0.5 (d)0.5 ( c)0.6 (a)0.5 (s)0.5 (h)0.5 ( f)0.5 (l)0.6 (o)0.5 (w)0.5 ( p)0.5 (r)0.5 (o)0.6 (j)0.5 (e)0.5 (c)0.5 (t)0.5 (i)0.6 (o)0.5 (n)0.5 (s)0.5 ( b)0.5 (a)0.6 (s)0.5 (e)0.5 (d)0.5 ( o)0.5 (n)0.6 ( f)0.5 (i)0.5 (n)0.5 (a)0.6 (n)0.5 (c)0.5 (i)0.5 (a)0.5 (l)0.6 ( b)0.6 (u)0.5 (d)0.5 (g)0.5 (e)0.6 (t)0.5 (s)0.5 ( c)0.5 (o)0.5 (v)0.6 (e)0.5 (r)0.5 (i)0.5 (n)0.6 (g)0.5 ( a)0.6 ( f)0.6 (i)0.5 (v)0.5 (e)0.5 (-)0.6 (y)0.5 (e)0.5 (a)0.5 (r)0.5 ( p)0.6 (e)0.5 (r)0.5 (i)0.5 (o)0.5 (d)16.1 ( )]TJ 0 Tc 0 Tw 0 -1.091 Td (approved by the management.)Tj 0.086 Tw 0 -2.182 Td (The value-in-use calculation takes into account the future cash flow exp\ ected to arise from )Tj 0.047 Tw 0 -1.091 Td (the CGU and a suitable discount rate in arriving at the present value. W\ here the actual cash )Tj 0.002 Tc 0.092 Tw 0 -1.091 Td [(flow is less than expected, or any change in facts and circumstances res\ ults in downward)2 ( )]TJ 0 Tc 0.091 Tw 0 -1.091 Td [(revision of future cash flow, the value-in-use )0.5 (of a CGU may be reduced accordingly. In the )]TJ 0.006 Tw 0 -1.091 Td (event that the recoverable amount of a CGU is estimated to be less than \ its carrying amount, )Tj 0.059 Tw 0 -1.091 Td (the carrying amount will be reduced to the recoverable amount, and an im\ pairment loss will )Tj 0 Tw 0 -1.091 Td (be recognised.)Tj 0.024 Tc 0.092 Tw 0 -2.182 Td [(The key assumptions for the discounted cash flow projections are those r\ egarding the)24 ( )]TJ 0 Tc 0.078 Tw 0 -1.091 Td (discount rates, growth rates and budgeted gross margin and revenue durin\ g the projection )Tj 0.005 Tc 0.092 Tw 0 -1.091 Td [(period. The Group estimates discount rates using pre-tax rates that refl\ ect current market)5 ( )]TJ 0 Tc 0.024 Tw 0 -1.091 Td (assessments of the time value of money and the risks specific to the CGU\ . The growth rates )Tj 0.023 Tw 0 -1.091 Td [(are )0.5 (based )0.5 (on )0.5 (long-term )0.6 (average )0.5 (economic )0.5 (growth )0.5 (rate )0.5 (of )0.5 (the )0.5 (geographical )0.5 (area )0.5 (in )0.5 (which )0.5 (the )]TJ 0.005 Tc 0.092 Tw 0 -1.091 Td [(businesses )0.5 (of )0.5 (the )0.5 (CGU )0.5 (operates. )0.5 (Budgeted )0.5 (gross )0.5 (margin )0.5 (and )0.6 (revenue )0.5 (are )0.5 (based )0.5 (on )0.5 (past)5 ( )]TJ 0 Tc 0 Tw 0 -1.091 Td (practices and expectations on market development.)Tj ET endstream endobj 138 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (88)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (16.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (RIGHT-OF-USE ASSETS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (Disclosures of lease-related items:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 666.827 269.291 -13 re 459.213 666.827 85.039 -13 re 104.882 653.827 269.291 -15.835 re 459.213 653.827 85.039 -15.835 re f /CS0 cs 1 scn 374.173 666.827 85.039 -13 re 374.173 653.827 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 637.992 269.291 -4 re 459.213 637.992 85.039 -4 re 104.882 633.992 269.291 -13 re 459.213 633.992 85.039 -13 re 104.882 620.992 269.291 -13 re 459.213 620.992 85.039 -13 re 104.882 607.992 269.291 -13 re 459.213 607.992 85.039 -13 re 104.882 594.992 269.291 -4.262 re 459.213 594.992 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 637.992 85.039 -4 re 374.173 633.992 85.039 -13 re 374.173 620.992 85.039 -13 re 374.173 607.992 85.039 -13 re 374.173 594.992 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 431.3033 655.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (At 30 June:)Tj 0 -1.3 Td (Right-of-use assets)Tj 0 -1.3 Td (\226 Office premises)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (462)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (1,474)Tj ET /CS2 CS 0.3 1 SCN 2 w /GS0 gs q 1 0 0 1 104.8818 591.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1732 591.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 591.7305 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 0.01 Tw 11 0 0 11 104.8818 567.6005 Tm (The maturity analysis, based on undiscounted cash flows, of the Group\222\ s lease liabilities is as )Tj 0 Tw 0 -1.273 Td (follows:)Tj ET 0 0 0 0 scn /RelativeColorimetric ri /GS0 gs 104.882 537.73 269.291 -13 re 459.213 537.73 85.039 -13 re 104.882 524.73 269.291 -13 re 459.213 524.73 85.039 -13 re 104.882 511.73 269.291 -3 re 459.213 511.73 85.039 -3 re 104.882 508.73 269.291 -13 re 459.213 508.73 85.039 -13 re 104.882 495.73 269.291 -13 re 459.213 495.73 85.039 -13 re 104.882 482.73 269.291 -4.262 re 459.213 482.73 85.039 -4.262 re 104.882 478.469 269.291 -13 re 459.213 478.469 85.039 -13 re 104.882 465.469 269.291 -13 re 459.213 465.469 85.039 -13 re 104.882 452.469 269.291 -13 re 459.213 452.469 85.039 -13 re 104.882 439.469 269.291 -13 re 459.213 439.469 85.039 -13 re 104.882 426.469 269.291 -4.262 re 459.213 426.469 85.039 -4.262 re 104.882 422.207 269.291 -13 re 459.213 422.207 85.039 -13 re 104.882 409.207 269.291 -13 re 459.213 409.207 85.039 -13 re 104.882 396.207 269.291 -4.262 re 459.213 396.207 85.039 -4.262 re 104.882 391.945 269.291 -13 re 459.213 391.945 85.039 -13 re 104.882 378.945 269.291 -13 re 459.213 378.945 85.039 -13 re 104.882 365.945 269.291 -4.262 re 459.213 365.945 85.039 -4.262 re 104.882 361.683 269.291 -13 re 459.213 361.683 85.039 -13 re 104.882 348.683 269.291 -13 re 459.213 348.683 85.039 -13 re 104.882 335.683 269.291 -4.262 re 459.213 335.683 85.039 -4.262 re 104.882 331.421 269.291 -13 re 459.213 331.421 85.039 -13 re 104.882 318.421 269.291 -13 re 459.213 318.421 85.039 -13 re 104.882 305.421 269.291 -4.262 re 459.213 305.421 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 537.73 85.039 -13 re 374.173 524.73 85.039 -13 re 374.173 511.73 85.039 -3 re 374.173 508.73 85.039 -13 re 374.173 495.73 85.039 -13 re 374.173 482.73 85.039 -4.262 re 374.173 478.469 85.039 -13 re 374.173 465.469 85.039 -13 re 374.173 452.469 85.039 -13 re 374.173 439.469 85.039 -13 re 374.173 426.469 85.039 -4.262 re 374.173 422.207 85.039 -13 re 374.173 409.207 85.039 -13 re 374.173 396.207 85.039 -4.262 re 374.173 391.945 85.039 -13 re 374.173 378.945 85.039 -13 re 374.173 365.945 85.039 -4.262 re 374.173 361.683 85.039 -13 re 374.173 348.683 85.039 -13 re 374.173 335.683 85.039 -4.262 re 374.173 331.421 85.039 -13 re 374.173 318.421 85.039 -13 re 374.173 305.421 85.039 -4.262 re f BT /CS1 cs 0 0 0 1 scn /GS1 gs 10 0 0 10 110.5511 526.4304 Tm (\226 Less than 1 year)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (499)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (1,108)Tj -40.301 -1.3 Td (\226 Between 1 and 2 years)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (499)Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8818 508.9805 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 508.9805 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 508.9805 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 436.8632 484.4305 Tm (499)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.67 0 Td (1,607)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8817 479.4685 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 479.4685 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 479.4685 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 454.1685 Tm (Year ended 30 June:)Tj 0 -1.3 Td (Depreciation charge of right-of-use assets)Tj 0 -1.3 Td (\226 Office premises)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,014)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (1,225)Tj ET /GS0 gs q 1 0 0 1 104.8817 423.2065 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 423.2065 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 423.2065 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 397.9065 Tm (Lease interests)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.187 0 Td (81)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (101)Tj ET /GS0 gs q 1 0 0 1 104.8817 392.9445 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 392.9445 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 392.9445 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 367.6446 Tm (Expenses related to short-term leases)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.187 0 Td (37)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (242)Tj ET /GS0 gs q 1 0 0 1 104.8817 362.6826 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 362.6826 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 362.6826 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5509 337.3826 Tm (Total cash outflow for leases)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,104)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (1,336)Tj ET /GS0 gs q 1 0 0 1 104.8816 332.4206 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 332.4206 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 332.4206 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5509 307.1206 Tm (Additions to right-of-use assets)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.502 0 Td (2,025)Tj ET /GS0 gs q 1 0 0 1 104.8816 302.1586 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 302.1586 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 302.1586 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 0.011 Tc 0.092 Tw 11 0 0 11 104.8816 278.0286 Tm [(The )0.5 (Group )0.5 (leases )0.5 (various )0.5 (office )0.5 (premises. )0.5 (Lease )0.5 (agreements )0.5 (are )0.5 (typically )0.5 (made )0.5 (for )0.5 (fixed)11 ( )]TJ 0 Tc 0.005 Tw 0 -1.273 Td (periods of 1 to 2 years. Lease terms are negotiated on an individual bas\ is and contain a wide )Tj 0.022 Tw 0 -1.273 Td (range of different terms and conditions. The lease agreements do not imp\ ose any covenants )Tj 0 Tw 0 -1.273 Td (and the leased assets may not be used as security for borrowing purposes\ .)Tj ET endstream endobj 137 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (87)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (15.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (PROPERTY, PLANT AND EQUIPMENT)Tj ET /CS1 cs 0.18 0.6 scn 79.37 680.827 121.89 -39 re 201.26 680.827 79.37 -39 re 280.63 680.827 79.37 -39 re 360 680.827 79.37 -39 re 439.37 680.827 79.37 -39 re 79.37 641.827 121.89 -15.835 re 201.26 641.827 79.37 -15.835 re 280.63 641.827 79.37 -15.835 re 360 641.827 79.37 -15.835 re 439.37 641.827 79.37 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 625.992 121.89 -4 re 201.26 625.992 79.37 -4 re 280.63 625.992 79.37 -4 re 360 625.992 79.37 -4 re 439.37 625.992 79.37 -4 re 79.37 621.992 121.89 -13 re 201.26 621.992 79.37 -13 re 280.63 621.992 79.37 -13 re 360 621.992 79.37 -13 re 439.37 621.992 79.37 -13 re 79.37 608.992 121.89 -13 re 79.37 595.992 121.89 -13 re 79.37 582.992 121.89 -13 re 79.37 569.992 121.89 -3 re 79.37 566.992 121.89 -13 re 79.37 553.992 121.89 -13 re 79.37 540.992 121.89 -13 re 79.37 527.992 121.89 -13 re 79.37 514.992 121.89 -26 re 79.37 488.992 121.89 -3 re 79.37 485.992 121.89 -13 re 79.37 472.992 121.89 -13 re 79.37 459.992 121.89 -3 re 79.37 456.992 121.89 -13 re 201.26 456.992 79.37 -13 re 280.63 456.992 79.37 -13 re 360 456.992 79.37 -13 re 439.37 456.992 79.37 -13 re 79.37 443.992 121.89 -26 re 201.26 443.992 79.37 -26 re 280.63 443.992 79.37 -26 re 360 443.992 79.37 -26 re 439.37 443.992 79.37 -26 re 79.37 417.992 121.89 -13 re 79.37 404.992 121.89 -13 re 79.37 391.992 121.89 -13 re 79.37 378.992 121.89 -13 re 79.37 365.992 121.89 -3 re 201.26 365.992 79.37 -3 re 280.63 365.992 79.37 -3 re 360 365.992 79.37 -3 re 439.37 365.992 79.37 -3 re 79.37 362.992 121.89 -13 re 79.37 349.992 121.89 -26 re 79.37 323.992 121.89 -13 re 79.37 310.992 121.89 -13 re 79.37 297.992 121.89 -26 re 79.37 271.992 121.89 -3 re 79.37 268.992 121.89 -13 re 79.37 255.992 121.89 -13 re 79.37 242.992 121.89 -3 re 79.37 239.992 121.89 -13 re 79.37 226.992 121.89 -13 re 79.37 213.992 121.89 -13 re 79.37 200.992 121.89 -4.262 re 79.37 196.73 121.89 -13 re 201.26 196.73 79.37 -13 re 280.63 196.73 79.37 -13 re 360 196.73 79.37 -13 re 439.37 196.73 79.37 -13 re 79.37 183.73 121.89 -13 re 79.37 170.73 121.89 -4.262 re 201.26 170.73 79.37 -4.262 re 280.63 170.73 79.37 -4.262 re 360 170.73 79.37 -4.262 re 439.37 170.73 79.37 -4.262 re f 201.26 608.992 79.37 -13 re 280.63 608.992 79.37 -13 re 360 608.992 79.37 -13 re 439.37 608.992 79.37 -13 re 201.26 595.992 79.37 -13 re 280.63 595.992 79.37 -13 re 360 595.992 79.37 -13 re 439.37 595.992 79.37 -13 re 201.26 582.992 79.37 -13 re 280.63 582.992 79.37 -13 re 360 582.992 79.37 -13 re 439.37 582.992 79.37 -13 re 201.26 569.992 79.37 -3 re 280.63 569.992 79.37 -3 re 360 569.992 79.37 -3 re 439.37 569.992 79.37 -3 re 201.26 417.992 79.37 -13 re 280.63 417.992 79.37 -13 re 360 417.992 79.37 -13 re 439.37 417.992 79.37 -13 re 201.26 404.992 79.37 -13 re 280.63 404.992 79.37 -13 re 360 404.992 79.37 -13 re 439.37 404.992 79.37 -13 re 201.26 391.992 79.37 -13 re 280.63 391.992 79.37 -13 re 360 391.992 79.37 -13 re 439.37 391.992 79.37 -13 re 201.26 378.992 79.37 -13 re 280.63 378.992 79.37 -13 re 360 378.992 79.37 -13 re 439.37 378.992 79.37 -13 re 201.26 183.73 79.37 -13 re 280.63 183.73 79.37 -13 re 360 183.73 79.37 -13 re 439.37 183.73 79.37 -13 re f /CS0 cs 0.3 scn /Perceptual ri 201.26 566.992 79.37 -13 re 280.63 566.992 79.37 -13 re 360 566.992 79.37 -13 re 439.37 566.992 79.37 -13 re 201.26 553.992 79.37 -13 re 280.63 553.992 79.37 -13 re 360 553.992 79.37 -13 re 439.37 553.992 79.37 -13 re 201.26 540.992 79.37 -13 re 280.63 540.992 79.37 -13 re 360 540.992 79.37 -13 re 439.37 540.992 79.37 -13 re 201.26 527.992 79.37 -13 re 280.63 527.992 79.37 -13 re 360 527.992 79.37 -13 re 439.37 527.992 79.37 -13 re 201.26 514.992 79.37 -26 re 280.63 514.992 79.37 -26 re 360 514.992 79.37 -26 re 439.37 514.992 79.37 -26 re 201.26 488.992 79.37 -3 re 280.63 488.992 79.37 -3 re 360 488.992 79.37 -3 re 439.37 488.992 79.37 -3 re 201.26 485.992 79.37 -13 re 280.63 485.992 79.37 -13 re 360 485.992 79.37 -13 re 439.37 485.992 79.37 -13 re 201.26 472.992 79.37 -13 re 280.63 472.992 79.37 -13 re 360 472.992 79.37 -13 re 439.37 472.992 79.37 -13 re 201.26 459.992 79.37 -3 re 280.63 459.992 79.37 -3 re 360 459.992 79.37 -3 re 439.37 459.992 79.37 -3 re 201.26 362.992 79.37 -13 re 280.63 362.992 79.37 -13 re 360 362.992 79.37 -13 re 439.37 362.992 79.37 -13 re 201.26 349.992 79.37 -26 re 280.63 349.992 79.37 -26 re 360 349.992 79.37 -26 re 439.37 349.992 79.37 -26 re 201.26 323.992 79.37 -13 re 280.63 323.992 79.37 -13 re 360 323.992 79.37 -13 re 439.37 323.992 79.37 -13 re 201.26 310.992 79.37 -13 re 280.63 310.992 79.37 -13 re 360 310.992 79.37 -13 re 439.37 310.992 79.37 -13 re 201.26 297.992 79.37 -26 re 280.63 297.992 79.37 -26 re 360 297.992 79.37 -26 re 439.37 297.992 79.37 -26 re 201.26 271.992 79.37 -3 re 280.63 271.992 79.37 -3 re 360 271.992 79.37 -3 re 439.37 271.992 79.37 -3 re 201.26 268.992 79.37 -13 re 280.63 268.992 79.37 -13 re 360 268.992 79.37 -13 re 439.37 268.992 79.37 -13 re 201.26 255.992 79.37 -13 re 280.63 255.992 79.37 -13 re 360 255.992 79.37 -13 re 439.37 255.992 79.37 -13 re 201.26 242.992 79.37 -3 re 280.63 242.992 79.37 -3 re 360 242.992 79.37 -3 re 439.37 242.992 79.37 -3 re 201.26 239.992 79.37 -13 re 280.63 239.992 79.37 -13 re 360 239.992 79.37 -13 re 439.37 239.992 79.37 -13 re 201.26 226.992 79.37 -13 re 280.63 226.992 79.37 -13 re 360 226.992 79.37 -13 re 439.37 226.992 79.37 -13 re 201.26 213.992 79.37 -13 re 280.63 213.992 79.37 -13 re 360 213.992 79.37 -13 re 439.37 213.992 79.37 -13 re 201.26 200.992 79.37 -4.262 re 280.63 200.992 79.37 -4.262 re 360 200.992 79.37 -4.262 re 439.37 200.992 79.37 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 246.261 656.5267 Tm (Motor )Tj -1.018 -1.3 Td (vehicles)Tj 7.213 2.6 Td (Furniture, )Tj -1.017 -1.3 Td (fixtures and )Tj 0.557 -1.3 Td (equipment)Tj 8.232 1.3 Td (Computer)Tj -0.295 -1.3 Td (equipment)Tj 10.603 0 Td (Total)Tj /T1_0 1 Tf -25.259 -1.3 Td (HK$\222000)Tj 7.937 0 Td (HK$\222000)Tj 7.937 0 Td (HK$\222000)Tj 7.937 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (Cost)Tj /T1_0 1 Tf 0 -1.3 Td (At 1 July 2022)Tj 16.49 0 Td (7,838)Tj 7.937 0 Td (3,557)Tj 7.937 0 Td (5,762)Tj 7.381 0 Td (17,157)Tj -39.745 -1.3 Td (Exchange adjustments)Tj 17.639 0 Td (\(15\))Tj 8.493 0 Td (\(8\))Tj 6.825 0 Td (\(264\))Tj 7.937 0 Td (\(287\))Tj -40.894 -1.3 Td (Write-off)Tj 17.083 0 Td (\(226\))Tj 8.493 0 Td (\(78\))Tj 6.547 0 Td (\(5,359\))Tj 7.937 0 Td (\(5,663\))Tj ET /CS1 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 567.2424 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2599 567.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6299 567.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 360 567.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3701 567.2424 cm 0 0 m 79.37 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 542.6924 Tm (At 1 July 2023)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 16.49 0 Td (7,597)Tj 7.937 0 Td (3,471)Tj 8.771 0 Td (139)Tj 6.547 0 Td (11,207)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -39.745 -1.3 Td (Exchange adjustments)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.492 0 Td (\226)Tj 7.325 0 Td (87)Tj 8.493 0 Td (3)Tj 7.381 0 Td (90)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -41.691 -1.3 Td (Additions)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.492 0 Td (\226)Tj 6.769 0 Td (298)Tj 9.105 0 Td (\226)Tj 6.769 0 Td (298)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -41.135 -1.3 Td (Disposal of subsidiaries )Tj 0.85 -1.3 Td (\(Note 32\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 15.344 0 Td (\(1,397\))Tj 7.937 0 Td (\(3,557\))Tj 8.771 0 Td (\(130\))Tj 7.103 0 Td (\(5,084\))Tj ET q 1 0 0 1 79.3701 486.2424 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.2599 486.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.63 486.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 360.0001 486.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3701 486.2424 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 85.0395 461.6924 Tm (At 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 16.49 0 Td (6,200)Tj 8.771 0 Td (299)Tj 8.493 0 Td (12)Tj 6.547 0 Td (6,511)Tj ET q 1 0 0 1 79.3702 457.2424 cm 0 0 m 121.89 0 l S Q q 1 0 0 1 201.26 457.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 280.6301 457.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 360.0001 457.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 439.3702 457.2424 cm 0 0 m 79.37 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs 10 0 0 10 85.0395 432.6924 Tm (Accumulated )Tj 0.85 -1.3 Td (depreciation)Tj /T1_0 1 Tf -0.85 -1.3 Td (At 1 July 2022)Tj 16.49 0 Td (6,903)Tj 7.937 0 Td (3,549)Tj 7.937 0 Td (5,031)Tj 7.381 0 Td (15,483)Tj -39.745 -1.3 Td (Exchange adjustments)Tj 18.492 0 Td (\226)Tj 7.084 0 Td (\(16\))Tj 7.937 0 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59.528 -13 re 340.158 568.992 59.528 -13 re 399.685 568.992 59.528 -13 re 459.213 568.992 59.528 -13 re 221.102 555.992 59.528 -13 re 280.63 555.992 59.528 -13 re 340.158 555.992 59.528 -13 re 399.685 555.992 59.528 -13 re 459.213 555.992 59.528 -13 re 221.102 542.992 59.528 -13 re 280.63 542.992 59.528 -13 re 340.158 542.992 59.528 -13 re 399.685 542.992 59.528 -13 re 459.213 542.992 59.528 -13 re 221.102 529.992 59.528 -13 re 280.63 529.992 59.528 -13 re 340.158 529.992 59.528 -13 re 399.685 529.992 59.528 -13 re 459.213 529.992 59.528 -13 re 221.102 516.992 59.528 -13 re 280.63 516.992 59.528 -13 re 340.158 516.992 59.528 -13 re 399.685 516.992 59.528 -13 re 459.213 516.992 59.528 -13 re 221.102 503.992 59.528 -3 re 280.63 503.992 59.528 -3 re 340.158 503.992 59.528 -3 re 399.685 503.992 59.528 -3 re 459.213 503.992 59.528 -3 re 221.102 500.992 59.528 -13 re 280.63 500.992 59.528 -13 re 340.158 500.992 59.528 -13 re 399.685 500.992 59.528 -13 re 459.213 500.992 59.528 -13 re 221.102 487.992 59.528 -13 re 280.63 487.992 59.528 -13 re 340.158 487.992 59.528 -13 re 399.685 487.992 59.528 -13 re 459.213 487.992 59.528 -13 re 221.102 474.992 59.528 -4.262 re 280.63 474.992 59.528 -4.262 re 340.158 474.992 59.528 -4.262 re 399.685 474.992 59.528 -4.262 re 459.213 474.992 59.528 -4.262 re f BT /Perceptual ri 8 0 0 10 262.3607 616.5267 Tm (Fee)Tj 5.385 3.9 Td (Salaries, )Tj -1.13 -1.3 Td (allowances )Tj -0.517 -1.3 Td (and benefits )Tj 2.482 -1.3 Td (in kind)Tj 5.551 3.9 Td (Retirement )Tj 1.316 -1.3 Td (benefits )Tj -0.038 -1.3 Td (scheme )Tj -2.166 -1.3 Td (contributions)Tj 9.237 0 Td (Bonuses)Tj 9.107 0 Td (Total)Tj -31.506 -1.3 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_2 1 Tf -49.65 -1.983 Td (Executive Directors)Tj /T1_0 1 Tf 0 -1.3 Td (Mr. Zhang Sanhuo)Tj 21.238 0 Td (1,200)Tj 9.443 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 5.439 0 Td (1,200)Tj /T1_2 1 Tf -51.002 -2.6 Td (Independent Non-executive Directors)Tj /T1_0 1 Tf 0 -1.3 Td (Mr. Zhou Chunsheng)Tj 22.072 0 Td (144)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (144)Tj -51.836 -1.3 Td (Mr. So Hon Cheung)Tj 22.072 0 Td (144)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (144)Tj -51.836 -1.3 Td (Mr. Tian Hong)Tj 22.072 0 Td (144)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (144)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 501.2424 cm 0 0 m 141.732 0 l S Q q 1 0 0 1 221.1023 501.2424 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 280.6299 501.2424 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 340.1575 501.2424 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 399.685 501.2424 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 459.2126 501.2424 cm 0 0 m 59.528 0 l S Q BT /GS1 gs 8 0 0 10 85.0393 476.6924 Tm (Total)Tj 21.238 0 Td (1,632)Tj 9.443 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 5.439 0 Td (1,632)Tj ET 2 w /GS0 gs q 1 0 0 1 79.37 471.7305 cm 0 0 m 141.732 0 l S Q q 1 0 0 1 221.1023 471.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 280.6298 471.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 340.1574 471.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 399.685 471.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 459.2125 471.7305 cm 0 0 m 59.528 0 l S Q BT /GS1 gs 10 0 0 10 79.37 448.4305 Tm (*)Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (Appointed as an executive director of the Company with effect from 27 Ju\ ne 2024.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 11 0 0 11 79.37 421.6005 Tm (Five highest paid individuals)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.021 Tc 0.092 Tw 0 -1.273 Td [(The five highest paid individuals in the Group during the year included \ one \(2023: one\))20.9 ( )]TJ 0 Tc 0.065 Tw 0 -1.273 Td (Director whose emoluments are reflected in the analysis presented above.\ The emoluments )Tj 0 Tw 0 -1.273 Td (of the remaining four \(2023: four\) individuals are set out below:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 363.73 269.291 -13 re 433.701 363.73 85.039 -13 re 79.37 350.73 269.291 -15.835 re 433.701 350.73 85.039 -15.835 re f /CS0 cs 1 scn 348.661 363.73 85.039 -13 re 348.661 350.73 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 334.896 269.291 -4 re 433.701 334.896 85.039 -4 re 79.37 330.896 269.291 -13 re 433.701 330.896 85.039 -13 re 79.37 317.896 269.291 -3 re 433.701 317.896 85.039 -3 re 79.37 314.896 269.291 -13 re 433.701 314.896 85.039 -13 re 79.37 301.896 269.291 -13 re 433.701 301.896 85.039 -13 re 79.37 288.896 269.291 -4.262 re 433.701 288.896 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 334.896 85.039 -4 re 348.661 330.896 85.039 -13 re 348.661 317.896 85.039 -3 re 348.661 314.896 85.039 -13 re 348.661 301.896 85.039 -13 re 348.661 288.896 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 405.7915 352.4305 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Basic salaries and allowances)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (2,918)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (3,159)Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.37 315.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 315.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7007 315.1461 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 403.0115 290.5961 Tm (2,918)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (3,159)Tj ET 2 w /GS0 gs q 1 0 0 1 79.37 285.6342 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 285.6342 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7007 285.6342 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 11 0 0 11 79.37 261.5042 Tm (The emoluments fell within the following band:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 245.634 269.291 -13 re 348.661 245.634 170.079 -13 re 79.37 232.634 269.291 -15.835 re 433.701 232.634 85.039 -15.835 re f /CS0 cs 1 scn 348.661 232.634 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 216.8 269.291 -4 re 433.701 216.8 85.039 -4 re 79.37 212.8 269.291 -13 re 433.701 212.8 85.039 -13 re 79.37 199.8 269.291 -13 re 433.701 199.8 85.039 -13 re 79.37 186.8 269.291 -13 re 433.701 186.8 85.039 -13 re 79.37 173.8 269.291 -3 re 433.701 173.8 85.039 -3 re 79.37 170.8 269.291 -13 re 433.701 170.8 85.039 -13 re 79.37 157.8 269.291 -13 re 433.701 157.8 85.039 -13 re 79.37 144.8 269.291 -4.262 re 433.701 144.8 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 216.8 85.039 -4 re 348.661 212.8 85.039 -13 re 348.661 199.8 85.039 -13 re 348.661 186.8 85.039 -13 re 348.661 173.8 85.039 -3 re 348.661 170.8 85.039 -13 re 348.661 157.8 85.039 -13 re 348.661 144.8 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 381.7766 234.3342 Tm (Number of individuals)Tj 2.401 -1.3 Td (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj 0 0 0 1 scn /GS1 gs -40.579 -1.983 Td (Nil to HK$1,000,000)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.743 0 Td (3)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (3)Tj -42.247 -1.3 Td (HK$1,000,001 to HK$1,500,000)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.743 0 Td (1)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.56 0 Td (\226)Tj -42.303 -1.3 Td (HK$1,500,001 to HK$2,000,000)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.448 0 Td (1)Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.37 171.0499 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 171.0499 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7007 171.0499 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 422.4715 146.4998 Tm (4)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (4)Tj ET 2 w /GS0 gs q 1 0 0 1 79.37 141.5379 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 141.5379 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7007 141.5379 cm 0 0 m 85.039 0 l S Q endstream endobj 150 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (84)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (11.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (PROFIT/\(LOSS\) FOR THE YEAR FROM CONTINUING OPERATIONS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.013 Tc 0.092 Tw 0 -1.273 Td [(The )0.5 (Group\222s )0.5 (profit/\(loss\) )0.5 (for )0.5 (the )0.5 (year )0.5 (from )0.5 (continuing )0.5 (operations )0.5 (is )0.5 (stated )0.5 (after )0.5 (charging/)]TJ 0 Tc 0 Tw 0 -1.273 Td (\(crediting\) the following:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 652.827 268.63 -13 re 458.882 652.827 3 -13 re 461.882 652.827 79.37 -13 re 541.252 652.827 3 -13 re 104.882 639.827 268.63 -15.835 re 458.882 639.827 3 -15.835 re 461.882 639.827 79.37 -15.835 re 541.252 639.827 3 -15.835 re f /CS0 cs 1 scn 373.512 652.827 3 -13 re 376.512 652.827 79.37 -13 re 455.882 652.827 3 -13 re 373.512 639.827 3 -15.835 re 376.512 639.827 79.37 -15.835 re 455.882 639.827 3 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 623.992 268.63 -4 re 458.882 623.992 3 -4 re 461.882 623.992 79.37 -4 re 541.252 623.992 3 -4 re 104.882 619.992 268.63 -13 re 458.882 619.992 3 -13 re 461.882 619.992 79.37 -13 re 541.252 619.992 3 -13 re 104.882 606.992 268.63 -13 re 458.882 606.992 3 -13 re 461.882 606.992 79.37 -13 re 541.252 606.992 3 -13 re 104.882 593.992 268.63 -13 re 458.882 593.992 3 -13 re 461.882 593.992 79.37 -13 re 541.252 593.992 3 -13 re 104.882 580.992 268.63 -13 re 458.882 580.992 3 -13 re 461.882 580.992 79.37 -13 re 541.252 580.992 3 -13 re 104.882 567.992 268.63 -13 re 458.882 567.992 3 -13 re 461.882 567.992 79.37 -13 re 541.252 567.992 3 -13 re 104.882 554.992 268.63 -13 re 458.882 554.992 3 -13 re 461.882 554.992 79.37 -13 re 541.252 554.992 3 -13 re 104.882 541.992 268.63 -13 re 458.882 541.992 3 -13 re 461.882 541.992 79.37 -13 re 541.252 541.992 3 -13 re 104.882 528.992 268.63 -13.25 re 458.882 528.992 3 -13.25 re 541.252 528.992 3 -13.25 re 104.882 515.742 268.63 -13.25 re 458.882 515.742 3 -13.25 re 541.252 515.742 3 -13.25 re 104.882 502.492 268.63 -13.25 re 458.882 502.492 3 -13.25 re 541.252 502.492 3 -13.25 re 104.882 489.242 268.63 -13.25 re 458.882 489.242 3 -13.25 re 541.252 489.242 3 -13.25 re 104.882 475.992 268.63 -13 re 458.882 475.992 3 -13 re 541.252 475.992 3 -13 re 104.882 462.992 268.63 -3 re 458.882 462.992 3 -3 re 541.252 462.992 3 -3 re 104.882 459.992 268.63 -13 re 458.882 459.992 3 -13 re 541.252 459.992 3 -13 re 104.882 446.992 268.63 -13 re 458.882 446.992 3 -13 re 541.252 446.992 3 -13 re 104.882 433.992 268.63 -13 re 458.882 433.992 3 -13 re 541.252 433.992 3 -13 re 104.882 420.992 268.63 -4.262 re 458.882 420.992 3 -4.262 re 461.882 420.992 79.37 -4.262 re 541.252 420.992 3 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 373.512 623.992 3 -4 re 376.512 623.992 79.37 -4 re 455.882 623.992 3 -4 re 373.512 619.992 3 -13 re 376.512 619.992 79.37 -13 re 455.882 619.992 3 -13 re 373.512 606.992 3 -13 re 376.512 606.992 79.37 -13 re 455.882 606.992 3 -13 re 373.512 593.992 3 -13 re 376.512 593.992 79.37 -13 re 455.882 593.992 3 -13 re 373.512 580.992 3 -13 re 376.512 580.992 79.37 -13 re 455.882 580.992 3 -13 re 373.512 567.992 3 -13 re 376.512 567.992 79.37 -13 re 455.882 567.992 3 -13 re 373.512 554.992 3 -13 re 376.512 554.992 79.37 -13 re 455.882 554.992 3 -13 re 373.512 541.992 3 -13 re 376.512 541.992 79.37 -13 re 455.882 541.992 3 -13 re 373.512 528.992 3 -13.25 re 376.512 528.992 79.37 -13.25 re 455.882 528.992 3 -13.25 re 373.512 515.742 3 -13.25 re 376.512 515.742 79.37 -13.25 re 455.882 515.742 3 -13.25 re 373.512 502.492 3 -13.25 re 376.512 502.492 79.37 -13.25 re 455.882 502.492 3 -13.25 re 373.512 489.242 3 -13.25 re 376.512 489.242 79.37 -13.25 re 455.882 489.242 3 -13.25 re 373.512 475.992 3 -13 re 376.512 475.992 79.37 -13 re 455.882 475.992 3 -13 re 373.512 462.992 3 -3 re 376.512 462.992 79.37 -3 re 455.882 462.992 3 -3 re 373.512 459.992 3 -13 re 376.512 459.992 79.37 -13 re 455.882 459.992 3 -13 re 373.512 446.992 3 -13 re 376.512 446.992 79.37 -13 re 455.882 446.992 3 -13 re 373.512 433.992 3 -13 re 376.512 433.992 79.37 -13 re 455.882 433.992 3 -13 re 373.512 420.992 3 -4.262 re 376.512 420.992 79.37 -4.262 re 455.882 420.992 3 -4.262 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 461.882 528.992 79.37 -13.25 re 461.882 515.742 79.37 -13.25 re 461.882 502.492 79.37 -13.25 re 461.882 489.242 79.37 -13.25 re 461.882 475.992 79.37 -13 re 461.882 462.992 79.37 -3 re 461.882 459.992 79.37 -13 re 461.882 446.992 79.37 -13 re 461.882 433.992 79.37 -13 re f /CS2 CS 0.3 1 SCN 0.5 w /Perceptual ri /GS2 gs q 1 0 0 1 376.2618 515.7424 cm 0 0 m 79.87 0 l S Q q 1 0 0 1 376.5118 502.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 455.8819 502.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 461.6319 515.7424 cm 0 0 m 79.87 0 l S Q q 1 0 0 1 461.8819 502.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 541.252 502.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 376.5118 489.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 455.8819 489.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 461.8819 489.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 541.252 489.4924 cm 0 0 m 0 13 l S Q q 1 0 0 1 376.2618 489.2424 cm 0 0 m 79.87 0 l S Q q 1 0 0 1 461.6319 489.2424 cm 0 0 m 79.87 0 l S Q BT /GS0 gs /T1_1 1 Tf 10 0 0 10 427.9726 641.5267 Tm (2024)Tj /T1_0 1 Tf 8.537 0 Td (2023)Tj /T1_1 1 Tf -10.278 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.648 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.649 -1.983 Td (Amortisation on intangible assets:)Tj 0.85 -1.3 Td (Trademarks)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.616 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.481 0 Td (1)Tj -41.097 -1.3 Td (Customer relationship)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.616 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.979 0 Td (11,465)Tj -38.595 -1.3 Td (Patents)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.004 0 Td (57)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.149 0 Td (\226)Tj -42.003 -1.3 Td (Auditor\222s remuneration)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.298 0 Td (850)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.537 0 Td (960)Tj -40.835 -1.3 Td (Depreciation of property, plant and equipment)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.854 0 Td (87)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.981 0 Td (733)Tj -40.835 -1.3 Td (Depreciation of right-of-use assets)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.464 0 Td (1,014)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.537 0 Td (1,225)Tj -40.001 -1.325 Td (Staff costs \(including directors\222 remuneration \226 Note 12\))Tj 0.85 -1.325 Td (Salaries, bonus and allowances)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.639 0 Td (9,063)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.981 0 Td (20,828)Tj -38.62 -1.325 Td (Retirement benefits scheme contributions)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.473 0.025 Td (540)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.703 0 Td (1,402)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf -8.562 -2.65 Td (9,603)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.981 0 Td (22,230)Tj ET /GS0 gs q 1 0 0 1 104.8819 460.2424 cm 0 0 m 268.63 0 l S Q q 1 0 0 1 373.5118 460.2424 cm 0 0 m 3 0 l S Q q 1 0 0 1 376.5118 460.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 455.8819 460.2424 cm 0 0 m 3 0 l S Q q 1 0 0 1 458.8819 460.2424 cm 0 0 m 3 0 l S Q q 1 0 0 1 461.8819 460.2424 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 541.252 460.2424 cm 0 0 m 3 0 l S Q BT /GS1 gs 10 0 0 10 110.5512 435.6924 Tm (Interest income on bank deposits)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.558 0 Td (\(34\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.592 0 Td (\(51\))Tj -41.15 -1.3 Td (Short-term lease expenses)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.854 0 Td (37)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.981 0 Td (242)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8819 417.7305 cm 0 0 m 268.63 0 l S Q q 1 0 0 1 373.5118 417.7305 cm 0 0 m 3 0 l S Q q 1 0 0 1 376.5118 417.7305 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 455.8819 417.7305 cm 0 0 m 3 0 l S Q q 1 0 0 1 458.8819 417.7305 cm 0 0 m 3 0 l S Q q 1 0 0 1 461.8819 417.7305 cm 0 0 m 79.37 0 l S Q q 1 0 0 1 541.252 417.7305 cm 0 0 m 3 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 393.6005 Tm (12.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (DIRECTORS\222 AND FIVE HIGHEST PAID INDIVIDUAL EMOLUMENTS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (The remuneration of each Director for the year ended 30 June 2024 is set\ out below:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 363.73 141.732 -52 re 104.882 311.73 141.732 -15.835 re f /CS0 cs 1 scn 246.614 363.73 59.528 -52 re 306.142 363.73 59.528 -52 re 365.669 363.73 59.528 -52 re 425.197 363.73 59.528 -52 re 484.724 363.73 59.528 -52 re 246.614 311.73 59.528 -15.835 re 306.142 311.73 59.528 -15.835 re 365.669 311.73 59.528 -15.835 re 425.197 311.73 59.528 -15.835 re 484.724 311.73 59.528 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 295.896 141.732 -4 re 104.882 291.896 141.732 -13 re 104.882 278.896 141.732 -13 re 104.882 265.896 141.732 -13 re 104.882 252.896 141.732 -13 re 104.882 239.896 141.732 -13 re 104.882 226.896 141.732 -13 re 104.882 213.896 141.732 -13 re 104.882 200.896 141.732 -13 re 104.882 187.896 141.732 -3 re 104.882 184.896 141.732 -13 re 104.882 171.896 141.732 -13 re 104.882 158.896 141.732 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 246.614 295.896 59.528 -4 re 306.142 295.896 59.528 -4 re 365.669 295.896 59.528 -4 re 425.197 295.896 59.528 -4 re 484.724 295.896 59.528 -4 re 246.614 291.896 59.528 -13 re 306.142 291.896 59.528 -13 re 365.669 291.896 59.528 -13 re 425.197 291.896 59.528 -13 re 484.724 291.896 59.528 -13 re 246.614 278.896 59.528 -13 re 306.142 278.896 59.528 -13 re 365.669 278.896 59.528 -13 re 425.197 278.896 59.528 -13 re 484.724 278.896 59.528 -13 re 246.614 265.896 59.528 -13 re 306.142 265.896 59.528 -13 re 365.669 265.896 59.528 -13 re 425.197 265.896 59.528 -13 re 484.724 265.896 59.528 -13 re 246.614 252.896 59.528 -13 re 306.142 252.896 59.528 -13 re 365.669 252.896 59.528 -13 re 425.197 252.896 59.528 -13 re 484.724 252.896 59.528 -13 re 246.614 239.896 59.528 -13 re 306.142 239.896 59.528 -13 re 365.669 239.896 59.528 -13 re 425.197 239.896 59.528 -13 re 484.724 239.896 59.528 -13 re 246.614 226.896 59.528 -13 re 306.142 226.896 59.528 -13 re 365.669 226.896 59.528 -13 re 425.197 226.896 59.528 -13 re 484.724 226.896 59.528 -13 re 246.614 213.896 59.528 -13 re 306.142 213.896 59.528 -13 re 365.669 213.896 59.528 -13 re 425.197 213.896 59.528 -13 re 484.724 213.896 59.528 -13 re 246.614 200.896 59.528 -13 re 306.142 200.896 59.528 -13 re 365.669 200.896 59.528 -13 re 425.197 200.896 59.528 -13 re 484.724 200.896 59.528 -13 re 246.614 187.896 59.528 -3 re 306.142 187.896 59.528 -3 re 365.669 187.896 59.528 -3 re 425.197 187.896 59.528 -3 re 484.724 187.896 59.528 -3 re 246.614 184.896 59.528 -13 re 306.142 184.896 59.528 -13 re 365.669 184.896 59.528 -13 re 425.197 184.896 59.528 -13 re 484.724 184.896 59.528 -13 re 246.614 171.896 59.528 -13 re 306.142 171.896 59.528 -13 re 365.669 171.896 59.528 -13 re 425.197 171.896 59.528 -13 re 484.724 171.896 59.528 -13 re 246.614 158.896 59.528 -4.262 re 306.142 158.896 59.528 -4.262 re 365.669 158.896 59.528 -4.262 re 425.197 158.896 59.528 -4.262 re 484.724 158.896 59.528 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 8 0 0 10 286.5447 313.4305 Tm (Fee)Tj 5.091 3.9 Td (Salaries, )Tj -1.276 -1.3 Td (allowances )Tj -0.521 -1.3 Td (and benefits )Tj 2.723 -1.3 Td (in kind)Tj 5.312 3.9 Td (Retirement )Tj 1.462 -1.3 Td (benefits )Tj 0.074 -1.3 Td (scheme )Tj -2.574 -1.3 Td (contributions)Tj 9.624 0 Td (Bonuses)Tj 9.184 0 Td (Total)Tj -31.323 -1.3 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_2 1 Tf -49.539 -1.983 Td (Executive Directors)Tj /T1_0 1 Tf 0 -1.3 Td (Mr. Zhang Sanhuo)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 21.238 0 Td (1,200)Tj 9.443 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 5.439 0 Td (1,200)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -51.002 -1.3 Td (Ms. An Juan*)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 23.184 0 Td (1)Tj 7.497 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.385 0 Td (1)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_2 1 Tf -52.948 -2.6 Td (Independent Non-executive Directors)Tj /T1_0 1 Tf 0 -1.3 Td (Mr. Zhou Chunsheng)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 22.072 0 Td (144)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (144)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -51.836 -1.3 Td (Mr. So Hon Cheung)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 22.072 0 Td (144)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (144)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -51.836 -1.3 Td (Mr. Tian Hong)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 22.072 0 Td (144)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (144)Tj ET 0.5 w q 1 0 0 1 104.8819 185.1461 cm 0 0 m 141.732 0 l S Q q 1 0 0 1 246.6142 185.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 306.1417 185.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 365.6693 185.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 425.1969 185.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 484.7244 185.1461 cm 0 0 m 59.528 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8 0 0 10 110.5511 160.5961 Tm (Total)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 21.238 0 Td (1,633)Tj 9.443 0 Td (\226)Tj 7.441 0 Td (\226)Tj 7.441 0 Td (\226)Tj 5.439 0 Td (1,633)Tj ET 2 w q 1 0 0 1 104.8818 155.6342 cm 0 0 m 141.732 0 l S Q q 1 0 0 1 246.6141 155.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 306.1417 155.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 365.6693 155.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 425.1968 155.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 484.7244 155.6342 cm 0 0 m 59.528 0 l S Q endstream endobj 151 0 obj <> endobj 149 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (83)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (9.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (INCOME TAX EXPENSE/\(CREDIT\) )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.013 Tc 0.092 Tw 0 -1.182 Td [(The reconciliation between the income tax expense/credit and profit/loss\ before taxation)13.1 ( )]TJ 0 Tc 0 Tw 0 -1.182 Td (from continuing operations is as follows:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 655.827 269.291 -13 re 433.701 655.827 85.039 -13 re 79.37 642.827 269.291 -15.835 re 433.701 642.827 85.039 -15.835 re f /CS0 cs 1 scn 348.661 655.827 85.039 -13 re 348.661 642.827 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 626.992 269.291 -4 re 433.701 626.992 85.039 -4 re 79.37 622.992 269.291 -13 re 433.701 622.992 85.039 -13 re 79.37 609.992 269.291 -3 re 433.701 609.992 85.039 -3 re 79.37 606.992 269.291 -13 re 433.701 606.992 85.039 -13 re 79.37 593.992 269.291 -13 re 433.701 593.992 85.039 -13 re 79.37 580.992 269.291 -13 re 433.701 580.992 85.039 -13 re 79.37 567.992 269.291 -13 re 433.701 567.992 85.039 -13 re 79.37 554.992 269.291 -13 re 433.701 554.992 85.039 -13 re 79.37 541.992 269.291 -13 re 433.701 541.992 85.039 -13 re 79.37 528.992 269.291 -26 re 433.701 528.992 85.039 -26 re 79.37 502.992 269.291 -13 re 433.701 502.992 85.039 -13 re 79.37 489.992 269.291 -26 re 433.701 489.992 85.039 -26 re 79.37 463.992 269.291 -13 re 433.701 463.992 85.039 -13 re 79.37 450.992 269.291 -3 re 433.701 450.992 85.039 -3 re 79.37 447.992 269.291 -13 re 433.701 447.992 85.039 -13 re 79.37 434.992 269.291 -13 re 433.701 434.992 85.039 -13 re 79.37 421.992 269.291 -4.262 re 433.701 421.992 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 626.992 85.039 -4 re 348.661 622.992 85.039 -13 re 348.661 609.992 85.039 -3 re 348.661 606.992 85.039 -13 re 348.661 593.992 85.039 -13 re 348.661 580.992 85.039 -13 re 348.661 567.992 85.039 -13 re 348.661 554.992 85.039 -13 re 348.661 541.992 85.039 -13 re 348.661 528.992 85.039 -26 re 348.661 502.992 85.039 -13 re 348.661 489.992 85.039 -26 re 348.661 463.992 85.039 -13 re 348.661 450.992 85.039 -3 re 348.661 447.992 85.039 -13 re 348.661 434.992 85.039 -13 re 348.661 421.992 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 405.7915 644.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Profit/\(loss\) before taxation from continuing operations)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.241 0 Td (45,620)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.707 0 Td (\(117,785\))Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 607.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 607.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 607.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 582.6924 Tm (Tax at the applicable tax rate of 16.5% \(2023: 16.5%\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (7,527)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.707 0 Td (\(19,435\))Tj -39.504 -1.3 Td (Tax effect of expenses not deductible for tax purpose)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.187 0 Td (67)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.114 0 Td (6,895)Tj -40.301 -1.3 Td (Tax effect of income not taxable for tax purpose)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.501 0 Td (\(9,450\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.393 0 Td (\(101\))Tj -40.894 -1.3 Td (Utilisation of tax losses previously not recognised)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.095 0 Td (\(421\))Tj -40.894 -1.3 Td (Tax effect of tax losses not recognised)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (2,300)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (2,518)Tj -40.301 -1.3 Td (Tax effect of deductible temporary differences )Tj ( )Tj 0.85 -1.3 Td (not recognised)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.949 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (232)Tj -41.135 -1.3 Td (Effect of tax exemption and preferential rates)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.447 0 Td (\(3\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.856 0 Td (\226)Tj -42.303 -1.3 Td (Effect of different tax rates of subsidiaries operating in )Tj 0.85 -1.3 Td (other jurisdictions)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.337 0 Td (78)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (14)Tj -41.691 -1.3 Td (Under-provision in respect of prior years)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.187 0 Td (82)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.116 0 Td (\226)Tj ET /GS0 gs q 1 0 0 1 79.3701 448.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 448.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 448.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 85.0394 423.6924 Tm (Income tax expense/\(credit\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (601)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.873 0 Td (\(10,298\))Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 418.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 348.6614 418.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 418.7305 cm 0 0 m 85.039 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 394.6005 Tm (10.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (DISCONTINUED OPERATION)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -0.001 Tc 0 -1.273 Td [(During the prior year, the Company\222s subsidiary did not renew its mon\ ey lender license which)-1 ( )]TJ 0.001 Tc 0.092 Tw 0 -1.273 Td [(expired on 29 September 2022 and )0.5 (ceased to be a licensed money lender in Hong Kong.)1 ( )]TJ 0.006 Tc 0 -1.273 Td [(Therefore, the Group classified the results of the money lending busines\ s as discontinued)6 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (operation in the prior year.)Tj 0.002 Tc 0.092 Tw 0 -2.545 Td [(The financial results of the money lending business for the prior year h\ ave been presented)2 ( )]TJ 0 Tc 0.076 Tw 0 -1.273 Td (separately as a single line item in the consolidated statement of the pr\ ofit or loss and other )Tj 0 Tw 0 -1.273 Td (comprehensive income for the prior year.)Tj 0.033 Tc 0.092 Tw 0 -2.545 Td [(For details concerning the discontinued operation, please refer to the a\ nnouncement)33 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (published by the Company on 9 September 2022.)Tj 0 -2.545 Td (The loss for the prior year from discontinued operation is set out below\ .)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 196.73 354.331 -13 re 433.701 196.73 85.039 -13 re 79.37 183.73 354.331 -15.835 re 433.701 183.73 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 167.896 354.331 -4 re 433.701 167.896 85.039 -4 re 79.37 163.896 354.331 -13 re 433.701 163.896 85.039 -13 re 79.37 150.896 354.331 -3 re 433.701 150.896 85.039 -3 re 79.37 147.896 354.331 -13 re 433.701 147.896 85.039 -13 re 79.37 134.896 354.331 -13 re 433.701 134.896 85.039 -13 re 79.37 121.896 354.331 -4.262 re 433.701 121.896 85.039 -4.262 re f BT /Perceptual ri 10 0 0 10 490.8309 185.4305 Tm (2023)Tj -1.63 -1.3 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -39.516 -1.983 Td (General and administrative expenses)Tj 41.461 0 Td (\(102\))Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.3701 148.1461 cm 0 0 m 354.331 0 l S Q q 1 0 0 1 433.7008 148.1461 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 79.3701 123.5961 Tm (Loss for the year)Tj 41.461 0 Td (\(102\))Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 118.6342 cm 0 0 m 354.331 0 l S Q q 1 0 0 1 433.7008 118.6342 cm 0 0 m 85.039 0 l S Q endstream endobj 146 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (82)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (8.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (FINANCE COSTS)Tj ET /CS1 cs 0.18 0.6 scn 104.882 680.827 269.291 -13 re 459.213 680.827 85.039 -13 re 104.882 667.827 269.291 -15.835 re 459.213 667.827 85.039 -15.835 re f /CS0 cs 1 scn 374.173 680.827 85.039 -13 re 374.173 667.827 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 651.992 269.291 -4 re 459.213 651.992 85.039 -4 re 104.882 647.992 269.291 -13 re 459.213 647.992 85.039 -13 re 104.882 634.992 269.291 -13 re 459.213 634.992 85.039 -13 re 104.882 621.992 269.291 -13 re 459.213 621.992 85.039 -13 re 104.882 608.992 269.291 -13 re 459.213 608.992 85.039 -13 re 104.882 595.992 269.291 -3 re 459.213 595.992 85.039 -3 re 104.882 592.992 269.291 -13 re 459.213 592.992 85.039 -13 re 104.882 579.992 269.291 -13 re 459.213 579.992 85.039 -13 re 104.882 566.992 269.291 -4.262 re 459.213 566.992 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 651.992 85.039 -4 re 374.173 647.992 85.039 -13 re 374.173 634.992 85.039 -13 re 374.173 621.992 85.039 -13 re 374.173 608.992 85.039 -13 re 374.173 595.992 85.039 -3 re 374.173 592.992 85.039 -13 re 374.173 579.992 85.039 -13 re 374.173 566.992 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 431.3033 669.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (Continuing operations)Tj /T1_0 1 Tf 0 -1.3 Td (Interest on:)Tj 0.85 -1.3 Td (Bank borrowings)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.337 0 Td (25)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (103)Tj -40.285 -1.3 Td (Lease liabilities)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.337 0 Td (81)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (101)Tj ET /CS1 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 104.8818 593.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 593.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 593.2424 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 436.8632 568.6924 Tm (106)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (204)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8817 563.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 563.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 563.7305 cm 0 0 m 85.039 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 76.5353 539.6005 Tm (9.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (INCOME TAX EXPENSE/\(CREDIT\))Tj ET /CS1 cs 0.18 0.6 scn 104.882 523.73 269.291 -13 re 459.212 523.73 85.039 -13 re 104.882 510.73 269.291 -15.835 re 459.212 510.73 85.039 -15.835 re f /CS0 cs 1 scn 374.173 523.73 85.039 -13 re 374.173 510.73 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 494.896 269.291 -4 re 459.212 494.896 85.039 -4 re 104.882 490.896 269.291 -13 re 459.212 490.896 85.039 -13 re 104.882 477.896 269.291 -13 re 459.212 477.896 85.039 -13 re 104.882 464.896 269.291 -13 re 459.212 464.896 85.039 -13 re 104.882 451.896 269.291 -13 re 459.212 451.896 85.039 -13 re 104.882 438.896 269.291 -3 re 459.212 438.896 85.039 -3 re 104.882 435.896 269.291 -13 re 459.212 435.896 85.039 -13 re 104.882 422.896 269.291 -13 re 459.212 422.896 85.039 -13 re 104.882 409.896 269.291 -13 re 459.212 409.896 85.039 -13 re 104.882 396.896 269.291 -13 re 459.212 396.896 85.039 -13 re 104.882 383.896 269.291 -13 re 459.212 383.896 85.039 -13 re 104.882 370.896 269.291 -3 re 459.212 370.896 85.039 -3 re 104.882 367.896 269.291 -13 re 459.212 367.896 85.039 -13 re 104.882 354.896 269.291 -13 re 459.212 354.896 85.039 -13 re 104.882 341.896 269.291 -13 re 459.212 341.896 85.039 -13 re 104.882 328.896 269.291 -3 re 459.212 328.896 85.039 -3 re 104.882 325.896 269.291 -13 re 459.212 325.896 85.039 -13 re 104.882 312.896 269.291 -13 re 459.212 312.896 85.039 -13 re 104.882 299.896 269.291 -4.262 re 459.212 299.896 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 494.896 85.039 -4 re 374.173 490.896 85.039 -13 re 374.173 477.896 85.039 -13 re 374.173 464.896 85.039 -13 re 374.173 451.896 85.039 -13 re 374.173 438.896 85.039 -3 re 374.173 435.896 85.039 -13 re 374.173 422.896 85.039 -13 re 374.173 409.896 85.039 -13 re 374.173 396.896 85.039 -13 re 374.173 383.896 85.039 -13 re 374.173 370.896 85.039 -3 re 374.173 367.896 85.039 -13 re 374.173 354.896 85.039 -13 re 374.173 341.896 85.039 -13 re 374.173 328.896 85.039 -3 re 374.173 325.896 85.039 -13 re 374.173 312.896 85.039 -13 re 374.173 299.896 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 431.3032 512.4304 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (Continuing operations)Tj /T1_0 1 Tf 0 -1.3 Td (Current tax)Tj 0.85 -1.3 Td (Hong Kong Profits Tax)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.949 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.336 0 Td (100)Tj -40.285 -1.3 Td (The PRC enterprise income tax)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.781 0 Td (519)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.06 0 Td (23)Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8817 436.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 436.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 436.1461 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 436.8631 411.5961 Tm (519)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (123)Tj -41.135 -2.6 Td (Under-provision in respect of prior years)Tj 0.85 -1.3 Td (PRC Enterprise Income Tax)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.337 0 Td (82)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.116 0 Td (\226)Tj ET /GS0 gs q 1 0 0 1 104.8815 368.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1729 368.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 368.1461 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 442.4229 343.5961 Tm (82)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.116 0 Td (\226)Tj -42.303 -1.3 Td (Deferred tax \(Note 26\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 33.799 0 Td (\226)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.705 0 Td (\(10,421\))Tj ET /GS0 gs q 1 0 0 1 104.8815 326.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1728 326.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 326.1461 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5507 301.5961 Tm (Income tax expense/\(credit\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.631 0 Td (601)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.873 0 Td (\(10,298\))Tj ET 2 w /GS0 gs q 1 0 0 1 104.8814 296.6342 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1728 296.6342 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2122 296.6342 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 0.007 Tc 0.092 Tw 11 0 0 11 104.8814 272.5042 Tm [(For the years ended 30 June 2024 and 2023, Hong Kong Profits Tax is calc\ ulated under)7 ( )]TJ 0.006 Tc 0 -1.273 Td [(two-tier profit tax rate regime. First HK$2 millions of estimated assess\ able profits is taxed)6 ( )]TJ 0.004 Tc 0 -1.273 Td [(at a rate of 8.25% and the remaining estimated assessable profits is tax\ ed at 16.5%. The)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Group have selected one of the Hong Kong subsidiaries to apply the two-t\ ier profits tax rate.)Tj 0.034 Tc 0.092 Tw 0 -2.545 Td [(Tax charge on profits assessable elsewhere have been calculated at the r\ ates of tax)34 ( )]TJ 0.03 Tc 0 -1.273 Td [(prevailing in the countries in which the Group operates, based on existi\ ng legislation,)30 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (interpretation and practices in respect thereof.)Tj 0.004 Tc 0.091 Tw 0 -2.545 Td (Under the Law of the PRC on Enterprise Income Tax \(the \223)Tj /T1_1 1 Tf (EIT Law)Tj /T1_0 1 Tf [(\224\) and Implementation)4 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (Regulation of the EIT Law, the tax rate of the PRC subsidiaries is 25% f\ rom 1 January 2008 )Tj 0 Tw 0 -1.273 Td (onwards.)Tj ET endstream endobj 147 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream /CS0 cs 0.1 scn /Perceptual ri /GS0 gs -14.173 -14.173 1218.898 836.221 re f BT /CS1 cs 0 0 0 0.7 scn /T1_0 1 Tf 0.01 Tc 0 Tw 0 Ts 100 Tz 0 Tr 9 0 0 9 76.5354 772.0576 Tm (PINE TECHNOLOGY HOLDINGS LIMITED)Tj ET 0 0 0 0 scn /RelativeColorimetric ri 27.054 763.92 22.427 22.427 re f /CS0 CS 0.6 SCN 0.25 w 4 M 0 j 0 J /Perceptual ri 27.054 763.92 22.427 22.427 re S endstream endobj 148 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs 7 0 0 7 76.5354 723.7018 Tm (For the year ended 30 June 2024)Tj ET endstream endobj 154 0 obj <> endobj 155 0 obj <> endobj 156 0 obj <>stream H\ۊ0l/؂ŶXw&cWXc·ߙL4_?3T~ѻuzk2+|">3/x"cyCFTS M7~QH_"kSMrI'gtr NTG Z=7>stream HU PSW~/ὠTxRh h- JAh*EY$A' -iAk,S(X85>>[Rm=/=agoovgwvΜs{M((e~=}Kmk]6жf^鴾lvd-kB䱣xEe9#/{^ ;"f[a_)Ly59y2& ˤBbBBtMȬ(sڊ˄%uf^[V6.2?=%Ίu6!xi^LNj+8(qhsجDp K2 )XJ’֋ Ŗ $6Bt)q;eV{^ZRyP:;`-q_Rf[2&j+( *8EQF%5QAL4JQi4T&E-e'\QoRT35Hݴ0* C.Er2IYlU> )e™bY>UIIHI;DgjXh@)!, !lWؼ9 Y_ +5~Q G`jjQ&4`!!(8(@>Hi'{i||E6U:k]0B PGc^dvJwRvBfyjȰ% mވ61W"w;egC 'o\sz3Mr8 ꏉ'+$wyw`Xl1YnP:nKrOyToPi@4lHg4-p HHBߛQjPKo!KMڵhO4^lb, MZ؄dkͪ7}p;4r/ (_ vʳ|Xuz }!{>˃`f>:rO$^: ӽWarEVB6BH kQS! JW>1վo$nK$ _i$yBm`9BדkXuiG}WU[vVW>@aUzuQmE/rIzh "Z zy˛nΑNN oO\o +'Ta iiCyK@4Na<c1"F$`fg,arPבy{[u?I`G`3"g4"b=g{~DvpMϯy7Z8jfVG q!)fUǛx`8bu 'x!b_pL4d@Y7XDD-Ep%"̠$_RqV.%0[Uq[ӖI%aUj<_M^.l'u f>-ڼӬ;5T i%ICM[٨hbVwS?Mtb[n6Ј^T9W(g0]2u7z* Y.-h7Sg,&̘"kD{#YWUo7hW(]##ȏϢ㘷o endstream endobj 153 0 obj <> endobj 158 0 obj <> endobj 159 0 obj <>stream H\j0 ~ CIմi 9t1NzOJ33U#d勺5-Y ^}P 8om>mD*2Jc` .U&*%d-0CQÖzik!dlU9qZs3w8bji`δ ˯.n2.s lf@2kaͼ1s)\2'YL-4{A-4{>=[JԶyTsS>c@*WbM endstream endobj 160 0 obj <>stream HRmlUjZ>p)Pe @ZmZRݸt0j-1&- 6MUA?HD4cF4 VoaD{=s=W\(S׬.]5gژRu.ڬVTy̛Ŧܭ`1nz:=5538Ej\Q_ܚ6l郋sQ`\0 ]WiukRWtU.ODt5ZH76ұ$MI5r.B*-oZ?@nZFDզH_ 'PTQ}JVJN1H,Jknw?^_թcMVʅNM&A75'dTӵx,y <iRE@9b?~o GC-%.%xٴ8d/r"ʞnMyC䲴a[n h~o!qeeFrydn[N E< EYH\W%JL'&4lGΏ=}l;FeΔMoRn;s?ˠjGo!ޚU by9|y/1y<<0)P@Yx '81f~t<y3l 泦آ`+0i,̓߅0~3aA3\֓FAq{>nfN:0[s),J_x8~$FC0k[oi;}M݆=D7|}|[q)gER1v[O.^+܋Z/z s>ӛBM/d]VdvES endstream endobj 144 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (81)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (6.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (REVENUE AND SEGMENT INFORMATION )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Geographical information)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.014 Tc 0.091 Tw 0 -1.273 Td [(The Group\222s revenue from continuing operations from external customer\ s mainly derives)14 ( )]TJ 0 Tc 0.088 Tw 0 -1.273 Td [(from )0.5 (customers )0.5 (located in )0.5 (the )0.5 (PRC and )0.5 (Hong )0.5 (Kong, and )0.5 (information )0.5 (about )0.5 (its non-current )]TJ 0.072 Tw 0 -1.273 Td (assets excluded financial instruments by geographical location of the as\ sets are detailed as )Tj 0 Tw 0 -1.273 Td (below:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 610.827 155.906 -28.835 re 79.37 581.992 155.906 -13 re 306.142 581.992 70.866 -13 re 447.874 581.992 70.866 -13 re 79.37 568.992 155.906 -15.835 re 306.142 568.992 70.866 -15.835 re 447.874 568.992 70.866 -15.835 re f 235.276 610.827 141.732 -28.835 re 377.008 610.827 141.732 -28.835 re f /CS0 cs 1 scn 235.276 581.992 70.866 -13 re 377.008 581.992 70.866 -13 re 235.276 568.992 70.866 -15.835 re 377.008 568.992 70.866 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 553.157 155.906 -4 re 306.142 553.157 70.866 -4 re 447.874 553.157 70.866 -4 re 79.37 549.158 155.906 -13 re 306.142 549.158 70.866 -13 re 447.874 549.158 70.866 -13 re 79.37 536.158 155.906 -13 re 306.142 536.158 70.866 -13 re 447.874 536.158 70.866 -13 re 79.37 523.158 155.906 -3 re 306.142 523.158 70.866 -3 re 447.874 523.158 70.866 -3 re 79.37 520.158 155.906 -13 re 306.142 520.158 70.866 -13 re 447.874 520.158 70.866 -13 re 79.37 507.158 155.906 -13 re 306.142 507.158 70.866 -13 re 447.874 507.158 70.866 -13 re 79.37 494.158 155.906 -4.262 re 306.142 494.158 70.866 -4.262 re 447.874 494.158 70.866 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 235.276 553.157 70.866 -4 re 377.008 553.157 70.866 -4 re 235.276 549.158 70.866 -13 re 377.008 549.158 70.866 -13 re 235.276 536.158 70.866 -13 re 377.008 536.158 70.866 -13 re 235.276 523.158 70.866 -3 re 377.008 523.158 70.866 -3 re 235.276 520.158 70.866 -13 re 377.008 520.158 70.866 -13 re 235.276 507.158 70.866 -13 re 377.008 507.158 70.866 -13 re 235.276 494.158 70.866 -4.262 re 377.008 494.158 70.866 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 257.7076 599.5267 Tm (Revenue by external )Tj 2.307 -1.3 Td (customers)Tj 12.107 0 Td (Non-current assets)Tj -12.362 -1.583 Td (2024)Tj /T1_0 1 Tf 7.087 0 Td (2023)Tj /T1_1 1 Tf 7.087 0 Td (2024)Tj /T1_0 1 Tf 7.087 0 Td (2023)Tj /T1_1 1 Tf -23.001 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 7.198 0 Td (HK$\222000)Tj /T1_1 1 Tf 6.976 0 Td (HK$\222000)Tj /T1_0 1 Tf 7.198 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (PRC)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 17.929 0 Td (234,810)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.643 0 Td (46,888)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 7.643 0 Td (2,672)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.921 0 Td (108)Tj -41.135 -1.3 Td (Hong Kong)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.431 0 Td (22)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.531 0 Td (105)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 7.087 0 Td (686)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 6.253 0 Td (1,480)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 79.3701 520.4078 cm 0 0 m 155.906 0 l S Q q 1 0 0 1 235.2756 520.4078 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 306.1418 520.4078 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 377.0079 520.4078 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.874 520.4078 cm 0 0 m 70.866 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 10 0 0 10 264.3325 495.8578 Tm (234,832)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.643 0 Td (46,993)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 7.643 0 Td (3,358)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.087 0 Td (1,588)Tj ET 2 w /GS0 gs q 1 0 0 1 79.3701 490.8958 cm 0 0 m 155.906 0 l S Q q 1 0 0 1 235.2756 490.8958 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 306.1418 490.8958 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 377.0079 490.8958 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.874 490.8958 cm 0 0 m 70.866 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 79.3701 466.7658 Tm (Information about major customers)Tj ET /CS2 cs 0.18 0.6 scn 79.37 450.896 269.291 -13 re 433.701 450.896 85.039 -13 re 79.37 437.896 269.291 -15.835 re 433.701 437.896 85.039 -15.835 re f /CS0 cs 1 scn 348.661 450.896 85.039 -13 re 348.661 437.896 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 422.061 269.291 -4 re 433.701 422.061 85.039 -4 re 79.37 418.062 269.291 -13 re 433.701 418.062 85.039 -13 re 79.37 405.062 269.291 -13 re 433.701 405.062 85.039 -13 re 79.37 392.062 269.291 -13 re 433.701 392.062 85.039 -13 re 79.37 379.062 269.291 -13 re 433.701 379.062 85.039 -13 re 79.37 366.062 269.291 -3 re 433.701 366.062 85.039 -3 re 79.37 363.062 269.291 -13 re 433.701 363.062 85.039 -13 re 79.37 350.062 269.291 -13 re 433.701 350.062 85.039 -13 re 79.37 337.062 269.291 -4.262 re 433.701 337.062 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 422.061 85.039 -4 re 348.661 418.062 85.039 -13 re 348.661 405.062 85.039 -13 re 348.661 392.062 85.039 -13 re 348.661 379.062 85.039 -13 re 348.661 366.062 85.039 -3 re 348.661 363.062 85.039 -13 re 348.661 350.062 85.039 -13 re 348.661 337.062 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn 10 0 0 10 405.7915 439.5958 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Sales of other brand products)Tj 0.85 -1.3 Td (\226 Customer A)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 29.835 0 Td (128,677)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 11.618 0 Td (\226)Tj -42.303 -1.3 Td (Sales of plastic products through trading business:)Tj 0.85 -1.3 Td (\226 Customer B*)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.391 0 Td (15,113)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (28,854)Tj ET 0.5 w /GS0 gs q 1 0 0 1 79.3701 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62.362 -3 re 232.441 357.992 62.362 -13 re 294.803 357.992 62.362 -13 re 357.165 357.992 62.362 -13 re 419.528 357.992 62.362 -13 re 481.89 357.992 62.362 -13 re 232.441 344.992 62.362 -13 re 294.803 344.992 62.362 -13 re 357.165 344.992 62.362 -13 re 419.528 344.992 62.362 -13 re 481.89 344.992 62.362 -13 re 232.441 331.992 62.362 -4.262 re 294.803 331.992 62.362 -4.262 re 357.165 331.992 62.362 -4.262 re 419.528 331.992 62.362 -4.262 re 481.89 331.992 62.362 -4.262 re 232.441 327.73 62.362 -13 re 294.803 327.73 62.362 -13 re 357.165 327.73 62.362 -13 re 419.528 327.73 62.362 -13 re 481.89 327.73 62.362 -13 re 232.441 314.73 62.362 -13 re 294.803 314.73 62.362 -13 re 357.165 314.73 62.362 -13 re 419.528 314.73 62.362 -13 re 481.89 314.73 62.362 -13 re 232.441 301.73 62.362 -13 re 294.803 301.73 62.362 -13 re 357.165 301.73 62.362 -13 re 419.528 301.73 62.362 -13 re 481.89 301.73 62.362 -13 re 232.441 288.73 62.362 -13 re 294.803 288.73 62.362 -13 re 357.165 288.73 62.362 -13 re 419.528 288.73 62.362 -13 re 481.89 288.73 62.362 -13 re 232.441 275.73 62.362 -26 re 294.803 275.73 62.362 -26 re 357.165 275.73 62.362 -26 re 419.528 275.73 62.362 -26 re 481.89 275.73 62.362 -26 re 232.441 249.73 62.362 -26 re 294.803 249.73 62.362 -26 re 357.165 249.73 62.362 -26 re 419.528 249.73 62.362 -26 re 481.89 249.73 62.362 -26 re 232.441 223.73 62.362 -13 re 294.803 223.73 62.362 -13 re 357.165 223.73 62.362 -13 re 419.528 223.73 62.362 -13 re 481.89 223.73 62.362 -13 re 232.441 210.73 62.362 -3 re 294.803 210.73 62.362 -3 re 357.165 210.73 62.362 -3 re 419.528 210.73 62.362 -3 re 481.89 210.73 62.362 -3 re 232.441 207.73 62.362 -13 re 294.803 207.73 62.362 -13 re 357.165 207.73 62.362 -13 re 419.528 207.73 62.362 -13 re 481.89 207.73 62.362 -13 re 232.441 194.73 62.362 -26 re 294.803 194.73 62.362 -26 re 357.165 194.73 62.362 -26 re 419.528 194.73 62.362 -26 re 481.89 194.73 62.362 -26 re 232.441 168.73 62.362 -4.262 re 294.803 168.73 62.362 -4.262 re 357.165 168.73 62.362 -4.262 re 419.528 168.73 62.362 -4.262 re 481.89 168.73 62.362 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 8.5 0 0 10 257.0213 434.5268 Tm (Group\222s )Tj 1 -1.3 Td (brand )Tj -1.5 -1.3 Td (products)Tj 8.929 2.6 Td (Other )Tj -0.092 -1.3 Td (brand )Tj -1.5 -1.3 Td (products)Tj 7.968 1.3 Td (Trading )Tj -0.593 -1.3 Td (business)Tj 6.8 6.5 Td (Computer )Tj -1.463 -1.3 Td (software and )Tj 1.722 -1.3 Td (hardware )Tj -0.963 -1.3 Td (and system )Tj -0.703 -1.3 Td (development )Tj 2.758 -1.3 Td (service)Tj 4.432 0 Td (Consolidated)Tj -26.981 -1.3 Td (HK$\222000)Tj 7.337 0 Td (HK$\222000)Tj 7.337 0 Td (HK$\222000)Tj 7.337 0 Td (HK$\222000)Tj 7.337 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -46.392 -1.983 Td (REVENUE)Tj 0 -1.3 Td (External sales)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.51 0 Td (\226)Tj 4.223 0 Td (190,982)Tj 7.893 0 Td (42,163)Tj 7.893 0 Td (1,687)Tj 6.225 0 Td (234,832)Tj ET /CS2 CS 0.3 1 SCN 0.5 w q 1 0 0 1 104.8817 358.2425 cm 0 0 m 127.559 0 l S Q q 1 0 0 1 232.4407 358.2425 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 294.8029 358.2425 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 357.1651 358.2425 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 419.5273 358.2425 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 481.8895 358.2425 cm 0 0 m 62.362 0 l S Q BT 8.5 0 0 10 284.8836 333.6924 Tm (\226)Tj 4.223 0 Td (190,982)Tj 7.893 0 Td (42,163)Tj 7.893 0 Td (1,687)Tj 6.225 0 Td (234,832)Tj ET 2 w q 1 0 0 1 104.8816 328.7305 cm 0 0 m 127.559 0 l S Q q 1 0 0 1 232.4406 328.7305 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 294.8029 328.7305 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 357.165 328.7305 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 419.5272 328.7305 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 481.8894 328.7305 cm 0 0 m 62.362 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.5 0 0 10 110.5508 303.4305 Tm (SEGMENT RESULTS)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.046 0 Td (\(112\))Tj 6.799 0 Td (1,799)Tj 8.171 0 Td (245)Tj 6.207 0 Td (\(1,094\))Tj 8.467 0 Td (838)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -48.689 -2.6 Td (Interest income)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 49.245 0 Td (34)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -49.245 -1.3 Td (Gain on disposal of subsidiaries )Tj ( )Tj 1 -1.3 Td (\(Note 32\))Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 46.298 0 Td (57,411)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -47.299 -1.3 Td (Unallocated corporate )Tj ( )Tj 1 -1.3 Td (expenses)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 46.002 0 Td (\(12,557\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -47.003 -1.3 Td (Finance costs)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 48.393 0 Td (\(106\))Tj ET 0.5 w q 1 0 0 1 104.8815 207.9805 cm 0 0 m 127.559 0 l S Q q 1 0 0 1 232.4406 207.9805 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 294.8027 207.9805 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 357.1649 207.9805 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 419.5271 207.9805 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 481.8893 207.9805 cm 0 0 m 62.362 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.5 0 0 10 110.5507 183.4305 Tm (Profit before taxation from )Tj 1 -1.3 Td (continuing operations)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 46.298 0 Td (45,620)Tj ET 2 w q 1 0 0 1 104.8814 165.4685 cm 0 0 m 127.559 0 l S Q q 1 0 0 1 232.4405 165.4685 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 294.8027 165.4685 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 357.1649 165.4685 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 419.5271 165.4685 cm 0 0 m 62.362 0 l S Q q 1 0 0 1 481.8893 165.4685 cm 0 0 m 62.362 0 l S Q endstream endobj 168 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (77)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (6.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (REVENUE AND SEGMENT INFORMATION )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Sales of Group\222s brand products and other brand products )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.019 Tc 0.092 Tw 0 -1.273 Td [(Sales to customers are normally made with credit terms from 90 to 180 da\ ys. For new)19 ( )]TJ -0.007 Tc 0 Tw 0 -1.273 Td [(customers, deposits or cash on delivery may be required. Deposits receiv\ ed are recognised as)-7 ( )]TJ 0 Tc 0 -1.273 Td (a contract liability.)Tj 0.092 Tw 0 -2.545 Td (A receivable is recognised when the products are delivered to the custom\ ers as this is the )Tj 0.013 Tc 0 -1.273 Td [(point in time that the consideration is unconditional because only the p\ assage of time is)13 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (required before the payment is due.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Sales of plastic products through trading business)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.023 Tc 0.092 Tw 0 -1.273 Td [(The Group sells plastic products through trading business. Sales are rec\ ognised when)23 ( )]TJ 0 Tc 0.081 Tw 0 -1.273 Td (control of the product is transferred, being when the products are deliv\ ered to a customer, )Tj 0.019 Tc 0.092 Tw 0 -1.273 Td [(and there is no unfulfilled obligation that could affect the customer\222\ s acceptance of the)19.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (products and the customer has obtained legal titles to the products.)Tj 0.024 Tw 0 -2.545 Td (The customers pay the contract prices to the Group according to the paym\ ent schedules as )Tj 0 Tw 0 -1.273 Td (stipulated in the contracts.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Provision for computer software and hardware and system development serv\ ice)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.019 Tc 0.091 Tw 0 -1.273 Td [(T)0.5 (h)0.5 (e)0.5 ( G)0.5 (r)0.5 (o)0.5 (u)0.6 (p)0.5 ( p)0.6 (r)0.5 (o)0.5 (v)0.5 (i)0.5 (d)0.5 (e)0.5 (s)0.5 ( c)0.5 (o)0.5 (m)0.5 (p)0.6 (u)0.5 (t)0.5 (e)0.5 (r)0.5 ( s)0.5 (o)0.5 (f)0.5 (t)0.5 (w)0.5 (a)0.6 (r)0.5 (e)0.5 ( a)0.6 (n)0.5 (d)0.5 ( h)0.5 (a)0.5 (r)0.5 (d)0.5 (w)0.5 (a)0.6 (r)0.5 (e)0.5 ( a)0.6 (n)0.5 (d)0.5 ( s)0.5 (y)0.5 (s)0.5 (t)0.5 (e)0.5 (m)0.5 ( d)0.5 (e)0.5 (v)0.5 (e)0.5 (l)0.6 (o)0.5 (p)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.5 ( s)0.5 (e)0.5 (r)0.5 (v)0.6 (i)0.5 (c)0.5 (e)19 ( )]TJ 0.015 Tc 0.092 Tw 0 -1.273 Td [(to the customers. When the progress towards complete satisfaction of the\ performance)15 ( )]TJ 0.059 Tc 0.091 Tw 0 -1.273 Td [(o)0.5 (b)0.5 (l)0.5 (i)0.5 (g)0.5 (a)0.6 (t)0.5 (i)0.5 (o)0.5 (n)0.5 (s)0.5 ( o)0.5 (f)0.5 ( c)0.5 (o)0.5 (m)0.5 (p)0.5 (u)0.5 (t)0.6 (e)0.5 (r)0.5 ( s)0.6 (o)0.5 (f)0.5 (t)0.5 (w)0.5 (a)0.5 (r)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.6 ( h)0.6 (a)0.5 (r)0.5 (d)0.5 (w)0.5 (a)0.5 (r)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.5 ( s)0.5 (y)0.5 (s)0.6 (t)0.5 (e)0.5 (m)0.5 ( d)0.5 (e)0.5 (v)0.5 (e)0.5 (l)0.5 (o)0.5 (p)0.5 (m)0.5 (e)0.6 (n)0.5 (t)0.5 ( s)0.5 (e)0.5 (r)0.5 (v)0.5 (i)0.5 (c)0.5 (e)59 ( )]TJ 0.011 Tc 0 -1.273 Td [(c)0.5 (on)0.5 (t)0.5 (r)0.5 (ac)0.5 (t ca)0.5 (n)0.5 ( b)0.5 (e me)0.5 (a)0.5 (su)0.5 (r)0.5 (e)0.5 (d r)0.5 (e)0.5 (as)0.5 (o)0.5 (n)0.5 (ab)0.5 (l)0.5 (y,)0.5 ( r)0.5 (ev)0.5 (e)0.5 (nu)0.5 (e)0.5 ( f)0.5 (r)0.5 (om)0.5 ( t)0.5 (h)0.5 (e c)0.5 (o)0.5 (nt)0.5 (r)0.5 (a)0.5 (ct)0.5 ( a)0.5 (n)0.5 (d t)0.5 (h)0.5 (e)0.5 ( c)0.5 (on)0.5 (t)0.5 (ra)0.5 (c)0.5 (t co)0.5 (s)0.5 (ts)11 ( )]TJ 0.023 Tc 0.092 Tw 0 -1.273 Td [(are recognised using the percentage of completion method, measured by re\ ference to)23 ( )]TJ 0.021 Tc 0 -1.273 Td [(the surveys of work performed. This method provides the most reliable es\ timate of the)21 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (percentage of completion.)Tj 0.04 Tc 0.092 Tw 0 -2.545 Td [(When the progress towards complete satisfaction of the performance oblig\ ations of)40 ( )]TJ 0.023 Tc 0 -1.273 Td [(computer software and hardware and system development service contract c\ annot be)23 ( )]TJ 0.007 Tc 0 -1.273 Td [(measured reasonably, revenue is recognised only to the extent of contrac\ t costs incurred)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (that is expected to be recoverable.)Tj 0.005 Tc 0.092 Tw 0 -2.545 Td [(The customers pay the contract prices to the Group according to the paym\ ent schedules)5 ( )]TJ 0 Tc 0.028 Tw 0 -1.273 Td (as stipulated in the contracts. If the service rendered by the Group exc\ eeds the payments, a )Tj -0.007 Tc 0 Tw 0 -1.273 Td [(contract asset is recognised. If the payments exceed the service rendere\ d, a contract liability is)-7 ( )]TJ 0 Tc 0 -1.273 Td (recognised.)Tj 0.004 Tc 0.091 Tw 0 -2.545 Td [(S)0.5 (o)0.5 (m)0.5 (e)0.5 ( s)0.5 (y)0.5 (s)0.5 (t)0.5 (e)0.5 (m)0.6 ( i)0.5 (n)0.5 (t)0.5 (e)0.6 (g)0.5 (r)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.5 ( c)0.5 (o)0.5 (n)0.5 (t)0.5 (r)0.5 (a)0.5 (c)0.5 (t)0.5 (s)0.6 ( i)0.5 (n)0.5 (c)0.5 (l)0.6 (u)0.5 (d)0.5 (e)0.5 ( m)0.6 (u)0.5 (l)0.5 (t)0.5 (i)0.5 (p)0.5 (l)0.5 (e)0.5 ( d)0.5 (e)0.5 (l)0.5 (i)0.5 (v)0.5 (e)0.5 (r)0.5 (a)0.5 (b)0.5 (l)0.6 (es)0.6 (,)0.5 ( s)0.6 (u)0.5 (c)0.5 (h)0.5 ( a)0.5 (s)0.6 ( t)0.5 (h)0.6 (e)0.5 ( i)0.5 (n)0.5 (s)0.6 (t)0.5 (a)0.5 (l)0.5 (l)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.5 ( o)0.5 (f)4 ( )]TJ 0 -1.273 Td [(hardware and software. If the installation is simple, does not include a\ n integration service)4 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(and could be performed by another party, it is accounted for as a separa\ te performance)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (obligation.)Tj ET endstream endobj 165 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (76)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (6.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (REVENUE AND SEGMENT INFORMATION )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (The Group\222s revenue is analysed as follows:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 666.827 269.291 -13 re 459.213 666.827 85.039 -13 re 104.882 653.827 269.291 -15.835 re 459.213 653.827 85.039 -15.835 re f /CS0 cs 1 scn 374.173 666.827 85.039 -13 re 374.173 653.827 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 637.992 269.291 -4 re 459.213 637.992 85.039 -4 re 104.882 633.992 269.291 -13 re 459.213 633.992 85.039 -13 re 104.882 620.992 269.291 -13 re 459.213 620.992 85.039 -13 re 104.882 607.992 269.291 -26 re 459.213 607.992 85.039 -26 re 104.882 581.992 269.291 -3 re 459.213 581.992 85.039 -3 re 104.882 578.992 269.291 -13 re 459.213 578.992 85.039 -13 re 104.882 565.992 269.291 -13 re 459.213 565.992 85.039 -13 re 104.882 552.992 269.291 -4.262 re 459.213 552.992 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 637.992 85.039 -4 re f 374.173 633.992 85.039 -13 re 374.173 620.992 85.039 -13 re 374.173 607.992 85.039 -26 re 374.173 581.992 85.039 -3 re 374.173 578.992 85.039 -13 re 374.173 565.992 85.039 -13 re 374.173 552.992 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 431.3033 655.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.949 -1.983 Td (Sales of other brand products)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (190,982)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.45 0 Td (105)Tj -41.135 -1.3 Td (Sales of plastic products through trading business)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.241 0 Td (42,163)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (35,568)Tj -39.745 -1.3 Td (Provision for computer software and hardware and system )Tj 0.85 -1.3 Td (development service)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.947 0 Td (1,687)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (11,320)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 104.8818 579.2424 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 579.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 579.2424 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.551 554.6924 Tm (Revenue from contract with customers)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (234,832)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.06 0 Td (46,993)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8817 549.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.1731 549.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 549.7305 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 11 0 0 11 104.8817 525.6005 Tm (Disaggregation of revenue from contracts with customers:)Tj /T1_1 1 Tf 0 -2.545 Td (For the year ended 30 June 2024 and 2023)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 104.882 481.73 269.291 -13 re 459.212 481.73 85.039 -13 re 104.882 468.73 269.291 -15.835 re 459.212 468.73 85.039 -15.835 re f /CS0 cs 1 scn 374.173 481.73 85.039 -13 re 374.173 468.73 85.039 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 104.882 452.896 269.291 -4 re 459.212 452.896 85.039 -4 re 104.882 448.896 269.291 -13 re 459.212 448.896 85.039 -13 re 104.882 435.896 269.291 -13 re 459.212 435.896 85.039 -13 re 104.882 422.896 269.291 -13 re 459.212 422.896 85.039 -13 re 104.882 409.896 269.291 -26 re 459.212 409.896 85.039 -26 re 104.882 383.896 269.291 -3 re 459.212 383.896 85.039 -3 re 104.882 380.896 269.291 -13 re 459.212 380.896 85.039 -13 re 104.882 367.896 269.291 -13 re 459.212 367.896 85.039 -13 re 104.882 354.896 269.291 -4.262 re 459.212 354.896 85.039 -4.262 re 104.882 350.634 269.291 -13 re 459.212 350.634 85.039 -13 re 104.882 337.634 269.291 -13 re 459.212 337.634 85.039 -13 re 104.882 324.634 269.291 -13 re 459.212 324.634 85.039 -13 re 104.882 311.634 269.291 -13 re 459.212 311.634 85.039 -13 re 104.882 298.634 269.291 -3 re 459.212 298.634 85.039 -3 re 104.882 295.634 269.291 -13 re 459.212 295.634 85.039 -13 re 104.882 282.634 269.291 -13 re 459.212 282.634 85.039 -13 re 104.882 269.634 269.291 -4.262 re 459.212 269.634 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 374.173 452.896 85.039 -4 re 374.173 448.896 85.039 -13 re 374.173 435.896 85.039 -13 re 374.173 422.896 85.039 -13 re 374.173 409.896 85.039 -26 re 374.173 383.896 85.039 -3 re 374.173 380.896 85.039 -13 re 374.173 367.896 85.039 -13 re 374.173 354.896 85.039 -4.262 re 374.173 350.634 85.039 -13 re 374.173 337.634 85.039 -13 re 374.173 324.634 85.039 -13 re 374.173 311.634 85.039 -13 re 374.173 298.634 85.039 -3 re 374.173 295.634 85.039 -13 re 374.173 282.634 85.039 -13 re 374.173 269.634 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn 10 0 0 10 431.3032 470.4305 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -38.949 -1.983 Td (Major products/services)Tj /T1_0 1 Tf 0 -1.3 Td (Sales of computer components)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (190,982)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10.45 0 Td (105)Tj -41.135 -1.3 Td (Sales of plastic products through trading business)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.241 0 Td (42,163)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (35,568)Tj -39.745 -1.3 Td (Provision for computer software and hardware and system )Tj 0.85 -1.3 Td (development service)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.947 0 Td (1,687)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (11,320)Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8817 381.1461 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 381.1461 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2124 381.1461 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5509 356.5961 Tm (Total)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (234,832)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.06 0 Td (46,993)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8816 351.6342 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 351.6342 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 351.6342 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 110.5509 326.3341 Tm (Timing of revenue recognition)Tj /T1_0 1 Tf 0 -1.3 Td (At a point in time)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (233,498)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.06 0 Td (35,673)Tj -39.745 -1.3 Td (Over time)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 31.797 0 Td (1,334)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (11,320)Tj ET 0.5 w /GS0 gs q 1 0 0 1 104.8816 295.8842 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 295.8842 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 295.8842 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 110.5509 271.3341 Tm (Total)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 30.685 0 Td (234,832)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 9.06 0 Td (46,993)Tj ET 2 w /GS0 gs q 1 0 0 1 104.8816 266.3722 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 374.173 266.3722 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2123 266.3722 cm 0 0 m 85.039 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 104.8816 242.2422 Tm (Sales of Group\222s brand products and other brand products)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.061 Tc 0.091 Tw 0 -1.273 Td [(T)0.5 (h)0.6 (e)0.5 ( G)0.5 (r)0.6 (o)0.5 (u)0.5 (p)0.6 ( m)0.5 (a)0.5 (n)0.6 (u)0.5 (f)0.5 (a)0.6 (c)0.5 (t)0.5 (u)0.6 (r)0.5 (e)0.5 (s)0.6 ( a)0.5 (n)0.6 (d)0.5 ( s)0.5 (e)0.6 (l)0.5 (l)0.5 (s)0.5 ( m)0.6 (a)0.5 (r)0.5 (k)0.6 (e)0.5 (t)0.5 ( v)0.6 (i)0.5 (d)0.5 (e)0.6 (o)0.5 ( g)0.5 (r)0.5 (a)0.6 (p)0.5 (h)0.5 (i)0.6 (c)0.5 (s)0.5 ( c)0.6 (a)0.5 (r)0.5 (d)0.6 (s)0.5 (,)0.5 ( o)0.6 (t)0.5 (h)0.5 (e)0.6 (r)0.5 ( c)0.5 (o)0.6 (m)0.5 (p)0.5 (u)0.6 (t)0.5 (e)0.5 (r)61.1 ( )]TJ 0.003 Tc 0.092 Tw 0 -1.273 Td [(components, consumer electronic products and others under the Group\222s\ brand products)3 ( )]TJ 0.048 Tc 0.091 Tw 0 -1.273 Td [(a)0.5 (n)0.6 (d)0.5 ( o)0.6 (t)0.5 (h)0.6 (e)0.5 (r)0.6 ( b)0.5 (r)0.6 (a)0.5 (n)0.6 (d)0.5 ( p)0.6 (r)0.5 (o)0.6 (d)0.5 (u)0.6 (c)0.5 (t)0.5 (s)0.6 (.)0.5 ( S)0.6 (a)0.5 (l)0.5 (e)0.6 (s)0.5 ( a)0.5 (r)0.5 (e)0.6 ( r)0.5 (e)0.6 (c)0.5 (o)0.6 (g)0.5 (n)0.5 (i)0.6 (s)0.5 (e)0.6 (d)0.5 ( w)0.6 (h)0.5 (e)0.6 (n)0.5 ( c)0.6 (o)0.5 (n)0.5 (t)0.6 (r)0.5 (o)0.6 (l)0.5 ( o)0.6 (f)0.5 ( t)0.6 (h)0.5 (e)0.6 ( p)0.5 (r)0.5 (o)0.6 (d)0.5 (u)0.6 (c)0.5 (t)0.6 (s)0.5 ( h)0.6 (a)0.5 (s)48 ( )]TJ 0.017 Tc 0.092 Tw 0 -1.273 Td [(transferred, being when the products are delivered )0.5 (to a customer, there is )0.5 (no unfulfilled)17 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (obligation that could affect the customer\222s acceptance of the product\ s and the customer has )Tj 0 -1.273 Td (obtained legal titles to the products.)Tj 0.001 Tc 0.092 Tw 0 -2.545 Td [(The products are sold with volume discounts based on aggregate sales ove\ r a 12 months)1 ( )]TJ 0 Tc 0.083 Tw 0 -1.273 Td (period, if any. Revenue from these sales is recognised based on the pric\ es specified in the )Tj -0.007 Tc 0 Tw 0 -1.273 Td [(contracts, net of the estimated volume discounts. Accumulated experience\ is used to estimate)-7 ( )]TJ 0 Tc 0.009 Tw 0 -1.273 Td (and provide for the volume discounts, using the expected value method. A\ contract liability is )Tj 0.066 Tw 0 -1.273 Td (recognised for the expected volume discounts payable to customers in rel\ ation to the sales )Tj 0 Tw 0 -1.273 Td (made.)Tj ET endstream endobj 30 0 obj <> endobj 31 0 obj <> endobj 32 0 obj <> endobj 33 0 obj <> endobj 34 0 obj <> endobj 200 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 201 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 202 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 203 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 204 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 209 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (75)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (5.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (FINANCIAL RISK MANAGEMENT )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (\(f\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Categories of financial instruments at 30 June)Tj ET /CS1 cs 0.18 0.6 scn 107.717 666.827 240.945 -13 re 433.701 666.827 85.039 -13 re 107.717 653.827 240.945 -15.835 re 433.701 653.827 85.039 -15.835 re f /CS0 cs 1 scn 348.661 666.827 85.039 -13 re 348.661 653.827 85.039 -15.835 re f /CS2 cs 0 0 0 0 scn /RelativeColorimetric ri 107.717 637.992 240.945 -4 re 433.701 637.992 85.039 -4 re 107.717 633.992 240.945 -13 re 433.701 633.992 85.039 -13 re 107.717 620.992 240.945 -26 re 433.701 620.992 85.039 -26 re 107.717 594.992 240.945 -4.262 re 433.701 594.992 85.039 -4.262 re 107.717 590.73 240.945 -13 re 433.701 590.73 85.039 -13 re 107.717 577.73 240.945 -13 re 433.701 577.73 85.039 -13 re 107.717 564.73 240.945 -13 re 433.701 564.73 85.039 -13 re 107.717 551.73 240.945 -4.262 re 433.701 551.73 85.039 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 348.661 637.992 85.039 -4 re 348.661 633.992 85.039 -13 re 348.661 620.992 85.039 -26 re 348.661 594.992 85.039 -4.262 re 348.661 590.73 85.039 -13 re 348.661 577.73 85.039 -13 re 348.661 564.73 85.039 -13 re 348.661 551.73 85.039 -4.262 re f BT /CS2 cs 0 0 0 0 scn 10 0 0 10 405.7915 655.5267 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -36.115 -1.983 Td (Financial assets:)Tj /T1_0 1 Tf 0 -1.3 Td (Financial assets at amortised cost )Tj 0.85 -1.3 Td (\(including cash and cash equivalents\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 27.556 0 Td (84,486)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (104,960)Tj ET /CS1 CS 0.3 1 SCN 2 w /GS0 gs q 1 0 0 1 107.7166 591.7305 cm 0 0 m 240.945 0 l S Q q 1 0 0 1 348.6614 591.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 591.7305 cm 0 0 m 85.039 0 l S Q BT /GS1 gs /T1_1 1 Tf 10 0 0 10 113.3858 566.4304 Tm (Financial liabilities:)Tj /T1_0 1 Tf 0 -1.3 Td (Financial liabilities at amortised cost)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 28.963 0 Td (1,498)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.948 0 Td (17,661)Tj ET /GS0 gs q 1 0 0 1 107.7166 548.4685 cm 0 0 m 240.945 0 l S Q q 1 0 0 1 348.6614 548.4685 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 433.7008 548.4685 cm 0 0 m 85.039 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 524.3385 Tm (6.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (REVENUE AND SEGMENT INFORMATION)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.007 Tc 0.092 Tw 0 -1.273 Td [(Information )0.5 (reported )0.5 (to )0.5 (the )0.6 (executive )0.5 (directors )0.5 (of )0.6 (the )0.6 (Company, )0.5 (being )0.5 (the )0.5 (chief )0.5 (operating)7 ( )]TJ 0.027 Tc 0 -1.273 Td (decision maker \(\223)Tj /T1_1 1 Tf -0.027 Tw (CODM)Tj /T1_0 1 Tf 0.092 Tw [(\224\), for the purpose of resources allocation and assessment of)27 ( )]TJ 0 Tc 0.079 Tw 0 -1.273 Td (segment performance focuses on the sales of brands of products provided \ by the Group\222s )Tj 0.05 Tw 0 -1.273 Td (operating divisions. The Group is currently organised into four operatin\ g divisions, which are )Tj 0.001 Tc 0.092 Tw 0 -1.273 Td [(the sales of Group\222s brand products; sales of other brand products; t\ rading business; and)1 ( )]TJ 0 Tc 0.08 Tw 0 -1.273 Td (provision of computer software and hardware and system development servi\ ce. These four )Tj 0.003 Tw 0 -1.273 Td (operating divisions form the basis of internal reports about components \ of the Group that are )Tj 0.006 Tc 0.091 Tw 0 -1.273 Td [(regularly reviewed by the CODM for the purpose of resources allocation a\ nd performance)6 ( )]TJ 0.024 Tc 0.092 Tw 0 -1.273 Td [(assessment. No operating segments identified by the CODM have been aggre\ gated in)24 ( )]TJ 0.007 Tc 0 -1.273 Td [(arriving at the reportable segments of the Group. Specifically, the Grou\ p\222s reportable and)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (operating segments under HKFRS 8 )Tj /T1_2 1 Tf (Operating Segments)Tj /T1_0 1 Tf ( are as follows:)Tj 0 -2.545 Td (Group\222s brand products)Tj 16.114 0 Td (\226)Tj 0.033 Tc 0.092 Tw 1.152 0 Td [(manufacture )0.5 (and )0.5 (sales )0.5 (of )0.5 (market )0.5 (video )0.5 (graphics)33 ( )]TJ 0.001 Tc 0.773 -1.273 Td [(cards )0.5 (and other computer )0.5 (components )0.5 (under )0.5 (the)1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Group\222s brand name)Tj -18.039 -1.273 Td (Other brand products)Tj 16.114 0 Td (\226)Tj 0.064 Tc 0.092 Tw 1.152 0 Td [(distribution of other manufacturers\222 computer)64 ( )]TJ 0.026 Tc 0.773 -1.273 Td [(components and consumer electronic products)26 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (and others)Tj -18.039 -1.273 Td (Trading business)Tj 16.114 0 Td (\226)Tj 0.009 Tc 0.092 Tw 1.152 0 Td [(trading business in the People\222s Republic of China)9 ( )]TJ 0 Tc 0 Tw 0.773 -1.273 Td (\(the \223)Tj /T1_1 1 Tf (PRC)Tj /T1_0 1 Tf (\224\))Tj -18.039 -1.273 Td (Computer software and hardware )Tj 0.91 -1.273 Td (and system development service)Tj 15.204 1.273 Td (\226)Tj 0.014 Tc 0.092 Tw 1.152 0 Td [(provision of computer software and hardware and)14.1 ( )]TJ 0 Tc 0 Tw 0.773 -1.273 Td (system development service in the PRC)Tj ET endstream endobj 208 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (74)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (5.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (FINANCIAL RISK MANAGEMENT )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (\(c\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Liquidity risk)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.078 Tw 0 -1.273 Td (The Group\222s policy is to regularly monitor current and expected liqui\ dity requirements )Tj 0.055 Tw 0 -1.273 Td (to ensure that it maintains sufficient reserves of cash to meet its liqu\ idity requirements )Tj 0 Tw 0 -1.273 Td (in the short and longer term.)Tj 0 -2.545 Td (The maturity analysis of the Group\222s financial liabilities is as foll\ ow:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 133.228 596.827 113.386 -52 re 133.228 544.827 113.386 -15.835 re f /CS0 cs 1 scn 246.614 596.827 59.528 -52 re 306.142 596.827 59.528 -52 re 365.669 596.827 59.528 -52 re 425.197 596.827 59.528 -52 re 484.724 596.827 59.528 -52 re 246.614 544.827 59.528 -15.835 re 306.142 544.827 59.528 -15.835 re 365.669 544.827 59.528 -15.835 re 425.197 544.827 59.528 -15.835 re 484.724 544.827 59.528 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 133.228 528.992 113.386 -4 re 133.228 524.992 113.386 -13 re 133.228 511.992 113.386 -13 re 133.228 498.992 113.386 -13 re 133.228 485.992 113.386 -3 re 133.228 482.992 113.386 -13 re 133.228 469.992 113.386 -13 re 133.228 456.992 113.386 -4.262 re f /CS0 cs 0.3 scn /Perceptual ri 246.614 528.992 59.528 -4 re 306.142 528.992 59.528 -4 re 365.669 528.992 59.528 -4 re 425.197 528.992 59.528 -4 re 484.724 528.992 59.528 -4 re 246.614 524.992 59.528 -13 re 306.142 524.992 59.528 -13 re 365.669 524.992 59.528 -13 re 425.197 524.992 59.528 -13 re 484.724 524.992 59.528 -13 re 246.614 511.992 59.528 -13 re 306.142 511.992 59.528 -13 re 365.669 511.992 59.528 -13 re 425.197 511.992 59.528 -13 re 484.724 511.992 59.528 -13 re 246.614 498.992 59.528 -13 re 306.142 498.992 59.528 -13 re 365.669 498.992 59.528 -13 re 425.197 498.992 59.528 -13 re 484.724 498.992 59.528 -13 re 246.614 485.992 59.528 -3 re 306.142 485.992 59.528 -3 re 365.669 485.992 59.528 -3 re 425.197 485.992 59.528 -3 re 484.724 485.992 59.528 -3 re 246.614 482.992 59.528 -13 re 306.142 482.992 59.528 -13 re 365.669 482.992 59.528 -13 re 425.197 482.992 59.528 -13 re 484.724 482.992 59.528 -13 re 246.614 469.992 59.528 -13 re 306.142 469.992 59.528 -13 re 365.669 469.992 59.528 -13 re 425.197 469.992 59.528 -13 re 484.724 469.992 59.528 -13 re 246.614 456.992 59.528 -4.262 re 306.142 456.992 59.528 -4.262 re 365.669 456.992 59.528 -4.262 re 425.197 456.992 59.528 -4.262 re 484.724 456.992 59.528 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 8 0 0 10 276.4889 572.5267 Tm (Within )Tj -3.262 -1.3 Td (12 months or )Tj 0.909 -1.3 Td (on demand)Tj 10.161 1.3 Td (1 to 2 )Tj 0.038 -1.3 Td (years)Tj 7.403 1.3 Td (2 to 5 )Tj 0.038 -1.3 Td (years)Tj 7.628 3.9 Td (Total)Tj -3.038 -1.3 Td (contractual)Tj -1.056 -1.3 Td (undiscounted)Tj 1.928 -1.3 Td (cash flow)Tj 7.939 1.3 Td (Carrying )Tj -0.092 -1.3 Td (amounts)Tj -29.563 -1.3 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -45.996 -1.983 Td (At 30 June 2024)Tj /T1_0 1 Tf 0 -1.3 Td (Trade and other payables)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 17.695 0 Td (1,374)Tj 9.443 0 Td (\226)Tj 7.441 0 Td (\226)Tj 5.439 0 Td (1,374)Tj 7.441 0 Td (1,374)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -47.459 -1.3 Td (Loan from a director)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 18.529 0 Td (124)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (124)Tj 7.441 0 Td (124)Tj ET /CS2 CS 0.3 1 SCN 0.5 w q 1 0 0 1 133.2284 483.2425 cm 0 0 m 113.386 0 l S Q q 1 0 0 1 246.6142 483.2425 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 306.1418 483.2425 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 365.6693 483.2425 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 425.1969 483.2425 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 484.7244 483.2425 cm 0 0 m 59.528 0 l S Q BT 8 0 0 10 280.4564 458.6924 Tm (1,498)Tj 9.443 0 Td (\226)Tj 7.441 0 Td (\226)Tj 5.439 0 Td (1,498)Tj 7.441 0 Td (1,498)Tj ET 2 w q 1 0 0 1 133.2283 453.7305 cm 0 0 m 113.386 0 l S Q q 1 0 0 1 246.6141 453.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 306.1417 453.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 365.6693 453.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 425.1968 453.7305 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 484.7244 453.7305 cm 0 0 m 59.528 0 l S Q 0.18 0.6 scn 133.228 441.73 113.386 -52 re 246.614 441.73 59.528 -52 re 306.142 441.73 59.528 -52 re 365.669 441.73 59.528 -52 re 425.197 441.73 59.528 -52 re 484.724 441.73 59.528 -52 re 133.228 389.73 113.386 -15.835 re 246.614 389.73 59.528 -15.835 re 306.142 389.73 59.528 -15.835 re 365.669 389.73 59.528 -15.835 re 425.197 389.73 59.528 -15.835 re 484.724 389.73 59.528 -15.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 133.228 373.896 113.386 -4 re 133.228 369.896 113.386 -13 re 133.228 356.896 113.386 -13 re 133.228 343.896 113.386 -13 re 133.228 330.896 113.386 -13 re 133.228 317.896 113.386 -3 re 133.228 314.896 113.386 -13 re 133.228 301.896 113.386 -13 re 133.228 288.896 113.386 -4.262 re f 246.614 373.896 59.528 -4 re 306.142 373.896 59.528 -4 re 365.669 373.896 59.528 -4 re 425.197 373.896 59.528 -4 re 484.724 373.896 59.528 -4 re 246.614 369.896 59.528 -13 re 306.142 369.896 59.528 -13 re 365.669 369.896 59.528 -13 re 425.197 369.896 59.528 -13 re 484.724 369.896 59.528 -13 re 246.614 356.896 59.528 -13 re 306.142 356.896 59.528 -13 re 365.669 356.896 59.528 -13 re 425.197 356.896 59.528 -13 re 484.724 356.896 59.528 -13 re 246.614 343.896 59.528 -13 re 306.142 343.896 59.528 -13 re 365.669 343.896 59.528 -13 re 425.197 343.896 59.528 -13 re 484.724 343.896 59.528 -13 re 246.614 330.896 59.528 -13 re 306.142 330.896 59.528 -13 re 365.669 330.896 59.528 -13 re 425.197 330.896 59.528 -13 re 484.724 330.896 59.528 -13 re 246.614 317.896 59.528 -3 re 306.142 317.896 59.528 -3 re 365.669 317.896 59.528 -3 re 425.197 317.896 59.528 -3 re 484.724 317.896 59.528 -3 re 246.614 314.896 59.528 -13 re 306.142 314.896 59.528 -13 re 365.669 314.896 59.528 -13 re 425.197 314.896 59.528 -13 re 484.724 314.896 59.528 -13 re 246.614 301.896 59.528 -13 re 306.142 301.896 59.528 -13 re 365.669 301.896 59.528 -13 re 425.197 301.896 59.528 -13 re 484.724 301.896 59.528 -13 re 246.614 288.896 59.528 -4.262 re 306.142 288.896 59.528 -4.262 re 365.669 288.896 59.528 -4.262 re 425.197 288.896 59.528 -4.262 re 484.724 288.896 59.528 -4.262 re f BT /Perceptual ri /T1_0 1 Tf 8 0 0 10 279.2967 417.4305 Tm (Within )Tj -3.132 -1.3 Td (12 months or )Tj 0.852 -1.3 Td (on demand)Tj 9.848 1.3 Td (1 to 2 )Tj 0.223 -1.3 Td (years)Tj 7.218 1.3 Td (2 to 5 )Tj 0.223 -1.3 Td (years)Tj 7.626 3.9 Td (Total )Tj -2.686 -1.3 Td (contractual )Tj -1.054 -1.3 Td (undiscounted )Tj 1.777 -1.3 Td (cash flow)Tj 7.922 1.3 Td (Carrying )Tj -0.165 -1.3 Td (amounts)Tj -29.859 -1.3 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 7.441 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -46.107 -1.983 Td (At 30 June 2023)Tj /T1_0 1 Tf 0 -1.3 Td (Trade and other payables)Tj 17.139 0 Td (16,008)Tj 9.999 0 Td (\226)Tj 7.441 0 Td (\226)Tj 4.883 0 Td (16,008)Tj 7.441 0 Td (16,008)Tj -46.903 -1.3 Td (Loan from a director)Tj 18.529 0 Td (286)Tj 8.609 0 Td (\226)Tj 7.441 0 Td (\226)Tj 6.273 0 Td (286)Tj 7.441 0 Td (286)Tj -48.293 -1.3 Td (Bank borrowings)Tj 18.529 0 Td (566)Tj 7.441 0 Td (546)Tj 7.441 0 Td (325)Tj 6.607 0 Td (1,437)Tj 7.441 0 Td (1,367)Tj ET 0.5 w /GS0 gs q 1 0 0 1 133.2283 315.1461 cm 0 0 m 113.386 0 l S Q q 1 0 0 1 246.6141 315.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 306.1417 315.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 365.6693 315.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 425.1968 315.1461 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 484.7244 315.1461 cm 0 0 m 59.528 0 l S Q BT /GS1 gs 8 0 0 10 276.0084 290.5961 Tm (16,860)Tj 8.831 0 Td (546)Tj 7.441 0 Td (325)Tj 6.051 0 Td (17,731)Tj 7.441 0 Td (17,661)Tj ET 2 w /GS0 gs q 1 0 0 1 133.2282 285.6342 cm 0 0 m 113.386 0 l S Q q 1 0 0 1 246.6141 285.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 306.1417 285.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 365.6692 285.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 425.1968 285.6342 cm 0 0 m 59.528 0 l S Q q 1 0 0 1 484.7243 285.6342 cm 0 0 m 59.528 0 l S Q BT /CS0 cs 1 scn /T1_1 1 Tf 11 0 0 11 104.8818 261.5042 Tm (\(d\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Interest rate risk)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.011 Tc 0.092 Tw 0 -1.273 Td [(The Group exposed to cash flow interest rate risk in relation to bank ba\ lances and)11 ( )]TJ 0.026 Tc 0 -1.273 Td [(bank borrowings. The management will consider hedging significant intere\ st rate)26 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (exposure should the need arise.)Tj -0.001 Tc 0 -2.545 Td [(The management considered that the exposure to cash flow interest rate r\ isk in relation)-1 ( )]TJ 0 Tc 0 -1.273 Td (to bank balances and bank borrowings is minimal, accordingly, no sensiti\ vity analysis is )Tj 0 -1.273 Td (presented for both years.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (\(e\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Fair values)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.008 Tw 0 -1.273 Td (The carrying amounts of the Group\222s financial assets and financial li\ abilities as reflected )Tj 0.015 Tc 0.092 Tw 0 -1.273 Td [(in the consolidated statement of financial position approximate their re\ spective fair)15 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (values.)Tj ET endstream endobj 207 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (73)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (5.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (FINANCIAL RISK MANAGEMENT )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (\(b\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Credit risk )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -0.001 Tc 0 -1.273 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(actual or expected significant adverse changes in business, financial or\ economic)-1 ( )]TJ 0 Tc 0.036 Tw 0 -1.273 Td (conditions that are expected to cause a significant change to the debtor\ \222s ability )Tj 0 Tw 0 -1.273 Td (to meet its obligations;)Tj -2.577 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (actual or expected significant changes in the operating results of the d\ ebtor;)Tj 0.019 Tc 0.092 Tw -2.577 -2.545 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(significant increases in credit risk on other financial instruments of t\ he same)19 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (debtor; and)Tj 0.007 Tc 0.092 Tw -2.577 -2.545 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(significant changes )0.5 (in the )0.5 (expected )0.5 (performance and )0.5 (behaviour of )0.5 (the )0.5 (debtor,)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (including changes in the payment status of debtors.)Tj 0.025 Tc 0.091 Tw -2.577 -2.545 Td [(A)0.5 ( s)0.5 (i)0.5 (g)0.5 (n)0.5 (i)0.5 (f)0.5 (i)0.5 (c)0.5 (a)0.5 (n)0.5 (t)0.5 ( i)0.5 (n)0.5 (c)0.5 (r)0.5 (e)0.5 (a)0.5 (s)0.5 (e)0.5 ( i)0.5 (n)0.5 ( c)0.6 (r)0.5 (e)0.5 (d)0.5 (i)0.5 (t)0.5 ( r)0.5 (i)0.5 (s)0.5 (k)0.5 ( i)0.5 (s)0.5 ( p)0.5 (r)0.5 (e)0.5 (s)0.5 (u)0.5 (m)0.6 (ed)0.6 ( i)0.5 (f)0.5 ( a)0.5 ( d)0.6 (e)0.5 (b)0.5 (t)0.5 (o)0.5 (r)0.5 ( i)0.5 (s)0.5 ( m)0.5 (o)0.5 (r)0.5 (e)0.5 ( t)0.5 (h)0.5 (a)0.5 (n)0.5 ( 3)0.5 (0)0.5 ( d)0.5 (a)0.5 (y)0.5 (s)25 ( )]TJ 0 Tc 0.086 Tw 0 -1.273 Td [(past due in making a contractual )0.5 (payment. A default on a financial asset is when the )]TJ 0 Tw 0 -1.273 Td (counterparty fails to make contractual payments within 60 days of when t\ hey fall due.)Tj 0.004 Tc 0.092 Tw 0 -2.545 Td [(Financial assets are written off when there is no reasonable expectation\ of recovery,)4 ( )]TJ 0.011 Tc 0.091 Tw 0 -1.273 Td [(s)0.5 (u)0.5 (c)0.5 (h)0.5 ( a)0.5 (s)0.5 ( a)0.5 ( d)0.5 (eb)0.5 (t)0.5 (o)0.5 (r)0.5 ( f)0.5 (a)0.5 (i)0.5 (l)0.5 (i)0.5 (n)0.5 (g t)0.5 (o)0.5 ( e)0.5 (n)0.5 (g)0.5 (ag)0.5 (e)0.5 ( in)0.5 ( a)0.5 ( r)0.5 (e)0.5 (p)0.5 (a)0.5 (ym)0.5 (e)0.5 (n)0.5 (t)0.5 ( p)0.5 (l)0.5 (a)0.5 (n)0.5 ( w)0.5 (i)0.5 (t)0.5 (h)0.5 ( t)0.5 (h)0.5 (e)0.5 ( Gr)0.5 (o)0.5 (u)0.5 (p)0.5 (.)0.5 ( T)0.5 (h)0.5 (e)0.5 ( G)0.5 (r)0.5 (o)0.5 (u)0.5 (p)11 ( )]TJ 0.016 Tc 0.092 Tw 0 -1.273 Td [(normally categorises a loan or receivable for write off when a debtor fa\ ils to make)16 ( )]TJ 0.014 Tc 0 -1.273 Td [(contractual payments greater than 360 days past due. Where loans or rece\ ivables)14.1 ( )]TJ 0 Tc 0.002 Tw 0 -1.273 Td [(have )0.5 (been written )0.5 (off, )0.5 (the )0.5 (Group, if )0.5 (practicable )0.5 (and )0.5 (economical, )0.5 (continues )0.5 (to engage )0.5 (in )]TJ 0 Tw 0 -1.273 Td (enforcement activity to attempt to recover the receivable due.)Tj ET endstream endobj 206 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (72)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (5.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (FINANCIAL RISK MANAGEMENT )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (\(b\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Credit risk)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.064 Tw 0 -1.273 Td (The carrying amount of the bank balances and cash, and trade and other r\ eceivables )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(included in the consolidated statement of financial position represents \ the Group\222s)14 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (maximum exposure to credit risk in relation to the Group\222s financial \ assets.)Tj 0.027 Tc 0.091 Tw 0 -2.545 Td [(Th)0.5 (e)0.5 ( Gr)0.5 (ou)0.5 (p\222)0.5 (s c)0.5 (re)0.5 (di)0.5 (t)0.5 ( ri)0.5 (sk)0.5 ( is)0.5 ( p)0.5 (ri)0.5 (ma)0.5 (ri)0.5 (ly)0.5 ( at)0.5 (tr)0.5 (i)0.5 (bu)0.5 (ta)0.5 (bl)0.5 (e t)0.5 (o i)0.5 (t)0.5 (s t)0.5 (ra)0.5 (de)0.5 ( r)0.5 (ec)0.5 (eiv)0.5 (ab)0.5 (l)0.5 (es)0.5 ( an)0.5 (d o)0.5 (th)0.5 (er)27.1 ( )]TJ 0.019 Tc 0.092 Tw 0 -1.273 Td [(receivables. The Group is exposed to concentration of credit risk as a s\ ubstantial)19 ( )]TJ 0 Tc 0.085 Tw 0 -1.273 Td [(portion )0.5 (of )0.5 (its trade )0.5 (receivables is )0.5 (generated )0.5 (from )0.5 (a limited number of )0.5 (customers. )0.5 (The )]TJ 0.001 Tc 0.092 Tw 0 -1.273 Td [(Group manages its credit risk by closely monitoring the granting of cred\ it period and)1.1 ( )]TJ 0.014 Tc 0.091 Tw 0 -1.273 Td [(credit limit and follow-up action is taken to recover overdue debts. In \ addition, the)14 ( )]TJ 0.092 Tw 0 -1.273 Td [(Group reviews the recoverable amount of each individual trade debt and i\ ndividual)14 ( )]TJ 0 Tc 0.082 Tw 0 -1.273 Td (debts at the end of each reporting period to ensure that adequate impair\ ment losses )Tj 0.015 Tc 0.092 Tw 0 -1.273 Td [(are made for irrecoverable amounts. In this regard, the Directors consid\ er that the)15 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Group\222s credit risk is significantly reduced.)Tj 0.004 Tc 0.092 Tw 0 -2.545 Td [(The credit risk on bank balances and cash is )0.5 (limited )0.5 (because the counterparties )0.5 (are)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (banks with high credit-ratings assigned by international credit-rating a\ gencies.)Tj 0.004 Tc 0.091 Tw 0 -2.545 Td [(The Gr)0.5 (oup\222s)0.5 ( ma)0.5 (ximum)0.5 ( e)0.5 (xposur)0.5 (e to cred)0.5 (it r)0.5 (isk in th)0.5 (e event t)0.5 (hat count)0.5 (erpar)0.5 (ties fa)0.5 (il to)4 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(perform )0.5 (their )0.5 (obligations )0.5 (at )0.5 (the end of )0.5 (the reporting period )0.5 (in relation to )0.5 (each class)10 ( )]TJ 0.015 Tc 0.091 Tw 0 -1.273 Td [(o)0.5 (f)0.5 ( r)0.6 (e)0.5 (c)0.5 (o)0.5 (g)0.5 (n)0.5 (i)0.6 (s)0.5 (e)0.5 (d)0.5 ( f)0.6 (i)0.5 (n)0.5 (a)0.5 (n)0.5 (c)0.6 (i)0.5 (a)0.5 (l)0.5 ( a)0.5 (s)0.5 (s)0.6 (e)0.5 (t)0.5 (s)0.5 ( i)0.5 (s)0.6 ( t)0.6 (h)0.5 (e)0.5 ( c)0.5 (a)0.5 (r)0.6 (r)0.5 (y)0.5 (i)0.5 (n)0.6 (g)0.5 ( a)0.5 (m)0.5 (o)0.5 (u)0.5 (n)0.6 (t)0.5 (s)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.6 (o)0.5 (s)0.5 (e)0.5 ( a)0.5 (s)0.6 (s)0.5 (e)0.5 (t)0.5 (s)0.6 ( a)0.6 (s)0.5 ( s)0.5 (t)0.5 (a)0.5 (t)0.6 (e)0.5 (d)0.5 ( i)0.5 (n)15 ( )]TJ 0.012 Tc 0.092 Tw 0 -1.273 Td [(the consolidated statement of financial position. The Group\222s credit \ risk is primarily)12 ( )]TJ 0.019 Tc 0 -1.273 Td [(attributable to its trade and other receivables. In order to minimise cr\ edit risk, the)19 ( )]TJ 0.022 Tc 0 -1.273 Td [(Directors review the recoverable amount of each individual receivable re\ gularly to)22 ( )]TJ 0 Tc 0.037 Tw 0 -1.273 Td (ensure that adequate impairment losses are recognised for irrecoverable \ receivable. In )Tj 0 Tw 0 -1.273 Td (this regard, the Directors consider that the Group\222s credit risk is s\ ignificantly reduced.)Tj 0.011 Tc 0.092 Tw 0 -2.545 Td [(The Group considers whether there has been a significant increase in cre\ dit risk of)11 ( )]TJ 0.002 Tc 0 -1.273 Td [(financial assets on an ongoing basis throughout each reporting period by\ comparing)2 ( )]TJ 0 Tc 0.049 Tw 0 -1.273 Td (the risk of a default occurring as at the reporting date with the risk o\ f default as at the )Tj 0.06 Tw 0 -1.273 Td (date of initial recognition. It considers available reasonable and suppo\ rtive forwarding- )Tj 0 Tw 0 -1.273 Td (looking information. Especially the following information is used:)Tj 0 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (internal credit rating;)Tj -2.577 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (external credit rating;)Tj ET endstream endobj 205 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (71)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (4.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (KEY ESTIMATES)Tj 0 -1.273 Td (Key sources of estimation uncertainty)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.039 Tw 0 -1.273 Td (The key assumptions concerning the future, and other key sources of esti\ mation uncertainty )Tj -0.001 Tc 0 Tw 0 -1.273 Td [(at the end of the reporting period, that have a significant risk of caus\ ing a material adjustment)-1 ( )]TJ 0 Tc 0.075 Tw 0 -1.273 Td (to the carrying amounts of assets and liabilities within the next financ\ ial year, are discussed )Tj 0 Tw 0 -1.273 Td (below.)Tj /T1_2 1 Tf 0 -2.545 Td (\(a\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Impairment of goodwill and intangible assets)Tj /T1_0 1 Tf 0.064 Tw 0 -2.545 Td (Determining whether goodwill and intangible assets is impaired requires \ an estimation )Tj 0.052 Tw 0 -1.273 Td (of the value in use of the cash-generating unit to which goodwill and in\ tangible assets )Tj 0.01 Tc 0.092 Tw 0 -1.273 Td [(belong. The value in use calculation requires the Group to estimate the \ future cash)10 ( )]TJ 0.002 Tc 0.091 Tw 0 -1.273 Td [(f)0.5 (lo)0.5 (ws)0.5 ( e)0.5 (xp)0.5 (e)0.5 (ct)0.5 (ed)0.5 ( t)0.5 (o)0.5 ( ar)0.5 (i)0.5 (se)0.5 ( f)0.5 (ro)0.5 (m)0.5 ( th)0.5 (e)0.5 ( ca)0.5 (s)0.5 (h-)0.5 (g)0.5 (en)0.5 (er)0.5 (a)0.5 (ti)0.5 (ng)0.5 ( u)0.5 (n)0.5 (it)0.5 ( a)0.5 (nd)0.5 ( a)0.5 ( s)0.5 (ui)0.5 (ta)0.5 (b)0.5 (le)0.5 ( d)0.5 (is)0.5 (c)0.5 (ou)0.5 (nt)0.5 ( r)0.5 (a)0.5 (te)0.5 ( i)0.5 (n)2 ( )]TJ -0.007 Tc 0 Tw 0 -1.273 Td [(o)0.5 (r)0.5 (d)0.5 (e)0.5 (r)0.5 ( )0.5 (t)0.5 (o)0.5 ( )0.5 (c)0.5 (a)0.5 (l)0.5 (c)0.5 (u)0.5 (l)0.5 (a)0.5 (t)0.5 (e)0.5 ( )0.5 (th)0.6 (e)0.5 ( )0.5 (p)0.5 (r)0.5 (e)0.5 (s)0.5 (e)0.5 (n)0.5 (t)0.5 ( )0.5 (v)0.5 (a)0.5 (lu)0.6 (e)0.5 (. )0.5 (I)0.5 (m)0.5 (p)0.5 (a)0.5 (i)0.5 (r)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.6 ( l)0.5 (o)0.5 (s)0.5 (s)0.5 (e)0.5 (s)0.5 ( )0.5 (o)0.5 (n)0.5 ( )0.5 (g)0.5 (o)0.5 (o)0.5 (d)0.5 (w)0.5 (i)0.5 (l)0.5 (l)0.5 ( )0.5 (a)0.5 (n)0.5 (d)0.5 ( )0.5 (i)0.5 (n)0.5 (t)0.5 (a)0.5 (n)0.5 (g)0.5 (i)0.5 (b)0.5 (l)0.5 (e)0.5 ( )0.5 (a)0.5 (s)0.5 (s)0.5 (e)0.5 (t)0.5 (s)-7 ( )]TJ 0.016 Tc 0.092 Tw 0 -1.273 Td [(of approximately HK$18,289,000 and approximately HK$58,007,000, respecti\ vely,)16 ( )]TJ 0.003 Tc 0 -1.273 Td [(had been recognised during the year ended 30 June 2023 \(2024: Nil\). De\ tails of the)3 ( )]TJ 0.025 Tc 0.091 Tw 0 -1.273 Td [(impairment loss calculation are provided in Notes 17 and 18 to the conso\ lidated)25 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (financial statements, respectively.)Tj /T1_2 1 Tf -2.577 -2.545 Td (\(b\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Provision of ECL for trade and other receivables)Tj /T1_0 1 Tf 0.006 Tw 0 -2.545 Td (Trade and other receivables with significant balances and credit-impaire\ d are assessed )Tj 0.078 Tw 0 -1.273 Td (for ECL individually. The provision of ECL is sensitive to changes in es\ timates. During )Tj 0.05 Tw 0 -1.273 Td (the year, no impairment loss or reversal of impairment loss was recognis\ ed \(2023: Nil\) )Tj 0.011 Tc 0.091 Tw 0 -1.273 Td [(for trade and other receivables. The information about the Group\222s tr\ ade and other)11 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (receivables are disclosed in Note 19.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -5.154 -2.545 Td (5.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (FINANCIAL RISK MANAGEMENT)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.014 Tw 0 -1.273 Td (The Group\222s activities expose it to a variety of financial risks: for\ eign currency risk, credit risk, )Tj 0.033 Tw 0 -1.273 Td (liquidity risk and interest rate risk. The Group\222s overall risk manag\ ement programme focuses )Tj 0 Tw 0 -1.273 Td [(o)0.5 (n )0.5 (t)0.5 (h)0.5 (e )0.5 (u)0.5 (np)0.5 (r)0.5 (e)0.5 (d)0.5 (ic)0.5 (t)0.5 (ab)0.5 (i)0.5 (li)0.5 (t)0.5 (y )0.5 (o)0.5 (f )0.5 (f)0.5 (i)0.5 (na)0.5 (n)0.5 (ci)0.5 (a)0.5 (l)0.5 ( m)0.5 (a)0.5 (rk)0.5 (e)0.5 (t)0.5 (s )0.5 (a)0.5 (nd)0.5 ( )0.5 (s)0.5 (ee)0.5 (k)0.5 (s )0.5 (t)0.5 (o )0.5 (m)0.5 (in)0.5 (i)0.5 (m)0.5 (is)0.5 (e)0.5 ( p)0.5 (o)0.5 (t)0.5 (en)0.5 (t)0.5 (i)0.5 (al)0.5 ( )0.5 (ad)0.5 (v)0.5 (er)0.5 (s)0.5 (e)0.5 ( e)0.5 (f)0.5 (fe)0.5 (c)0.5 (ts)0.5 ( )0.5 (o)0.5 (n )]TJ 0 -1.273 Td (the Group\222s financial performance.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (\(a\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Foreign exchange risk)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.022 Tc 0.092 Tw 0 -1.273 Td [(The Group has minimal exposure to foreign currency risk as most of its b\ usiness)22 ( )]TJ 0.039 Tc 0 -1.273 Td [(transactions, assets and liabilities are principally denominated in the \ functional)39 ( )]TJ 0 Tc 0.043 Tw 0 -1.273 Td (currencies of the group entities. The Group currently does not have a fo\ reign currency )Tj 0.007 Tc 0.092 Tw 0 -1.273 Td [(hedging policy in respect of foreign currency transactions, assets and l\ iabilities. The)7 ( )]TJ 0.018 Tc 0.091 Tw 0 -1.273 Td [(Gr)0.5 (ou)0.5 (p w)0.5 (ill)0.5 ( mo)0.5 (nit)0.5 (or)0.5 ( it)0.5 (s fo)0.5 (re)0.5 (ig)0.5 (n cu)0.5 (rr)0.5 (en)0.5 (cy)0.5 ( ex)0.5 (pos)0.5 (ur)0.5 (e c)0.5 (los)0.5 (el)0.5 (y an)0.5 (d w)0.5 (ill)0.5 ( co)0.5 (ns)0.5 (ide)0.5 (r h)0.5 (ed)0.5 (gin)0.5 (g)18 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (significant foreign currency exposure should the need arise.)Tj ET endstream endobj 195 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 196 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 197 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 198 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 199 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 214 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (70)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Impairment on property, plant and equipment, right-of-use assets and int\ angible )Tj 0 -1.273 Td (assets other than goodwill )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.027 Tw 0 -1.273 Td (If the recoverable amount of an asset \(or a cash-generating unit\) is e\ stimated to be less than )Tj 0.072 Tw 0 -1.273 Td (its carrying amount, the carrying amount of the asset \(or a cash-genera\ ting unit\) is reduced )Tj 0.036 Tw 0 -1.273 Td (to its recoverable amount. For corporate assets or portion of corporate \ assets which cannot )Tj 0.016 Tc 0.091 Tw 0 -1.273 Td [(b)0.6 (e)0.5 ( a)0.5 (l)0.6 (l)0.5 (o)0.6 (c)0.5 (a)0.6 (t)0.5 (e)0.5 (d)0.6 ( o)0.5 (n)0.6 ( a)0.5 ( r)0.5 (e)0.5 (a)0.6 (s)0.5 (o)0.6 (n)0.5 (a)0.6 (b)0.5 (l)0.6 (e)0.5 ( a)0.6 (n)0.5 (d)0.6 ( c)0.5 (o)0.6 (n)0.5 (s)0.6 (i)0.5 (s)0.6 (t)0.5 (e)0.6 (n)0.5 (t)0.6 ( b)0.5 (a)0.6 (s)0.5 (i)0.5 (s)0.6 ( t)0.6 (o)0.5 ( a)0.6 ( c)0.5 (a)0.5 (s)0.6 (h)0.6 (-)0.5 (g)0.5 (e)0.6 (n)0.5 (e)0.6 (r)0.5 (a)0.6 (t)0.5 (i)0.6 (n)0.5 (g)0.6 ( u)0.5 (n)0.6 (i)0.5 (t)0.6 (,)0.5 ( t)0.6 (h)0.5 (e)0.6 ( G)0.5 (r)0.5 (o)0.6 (u)0.5 (p)16.1 ( )]TJ 0.007 Tc 0.092 Tw 0 -1.273 Td [(compares the carrying amount of a group of cash-generating units, includ\ ing the carrying)7 ( )]TJ 0.006 Tc 0 -1.273 Td [(amounts of the corporate assets or portion of corporate assets allocated\ to that group of)6 ( )]TJ 0.005 Tc 0.091 Tw 0 -1.273 Td [(cash-generating units, with the recoverable amount of the g)0.5 (roup of cash-generating units.)5 ( )]TJ 0 Tc 0.042 Tw 0 -1.273 Td (In allocating the impairment loss, the impairment loss is allocated firs\ t to reduce the carrying )Tj 0.023 Tw 0 -1.273 Td [(amount )0.5 (of )0.5 (any )0.5 (goodwill )0.5 (\(if )0.5 (applicable\) )0.5 (and )0.5 (then )0.6 (to )0.5 (the )0.5 (other )0.5 (assets )0.5 (on )0.5 (a )0.5 (pro-rata )0.5 (basis based )]TJ 0.066 Tw 0 -1.273 Td (on the carrying amount of each asset in the unit or the group of cash-ge\ nerating units. The )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(carrying amount of an asset is not reduced below the highest of its fair\ value less costs)14.1 ( )]TJ 0.012 Tc 0 -1.273 Td [(of )0.5 (disposal \(if measurable\), )0.5 (its )0.5 (value-in-use )0.5 (\(if )0.5 (determinable\) )0.5 (and )0.5 (zero. The amount of )0.5 (the)12 ( )]TJ 0 Tc 0.069 Tw 0 -1.273 Td (impairment loss that would otherwise have been allocated to the asset is\ allocated pro rata )Tj 0.086 Tw 0 -1.273 Td (to the other assets of the unit or the group of cash-generating units. A\ n impairment loss is )Tj 0 Tw 0 -1.273 Td (recognised immediately in profit or loss.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Provisions and contingent liabilities)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.067 Tw 0 -1.273 Td (Provisions are recognised for liabilities of uncertain timing or amount \ when the Group has a )Tj 0.062 Tw 0 -1.273 Td (present legal or constructive obligation arising as a result of a past e\ vent, it is probable that )Tj -0.002 Tc 0 Tw 0 -1.273 Td [(an outflow of economic benefits will be required to settle the obligatio\ n and a reliable estimate)-2 ( )]TJ 0 Tc 0.005 Tw 0 -1.273 Td (can be made. Where the time value of money is material, provisions are s\ tated at the present )Tj 0 Tw 0 -1.273 Td (value of the expenditures expected to settle the obligation.)Tj 0.025 Tw 0 -2.545 Td (Where it is not probable that an outflow of economic benefits will be re\ quired, or the amount )Tj 0.002 Tc 0.092 Tw 0 -1.273 Td [(cannot be estimated reliably, the obligation is disclosed as a contingen\ t liability, unless the)2 ( )]TJ 0 Tc 0.035 Tw 0 -1.273 Td (probability of outflow is remote. Possible obligations, whose existence \ will only be confirmed )Tj 0.01 Tc 0.092 Tw 0 -1.273 Td [(by )0.5 (the )0.5 (occurrence )0.5 (or )0.5 (non-occurrence )0.5 (of )0.5 (one )0.5 (or more )0.5 (future )0.5 (events )0.5 (are )0.5 (also )0.5 (disclosed )0.5 (as)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (contingent liabilities unless the probability of outflow is remote.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Events after the reporting year)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.03 Tw 0 -1.273 Td (Events after the reporting year that provide additional information abou\ t the Group\222s position )Tj 0.083 Tw 0 -1.273 Td (at the end of the reporting year or those that indicate the going concer\ n assumption is not )Tj 0.005 Tc 0.092 Tw 0 -1.273 Td [(appropriate are adjusting events and are reflected in the financial stat\ ements. Events after)5 ( )]TJ 0.008 Tc 0 -1.273 Td [(the reporting year that are not adjusting events are disclosed in the no\ tes to the financial)8 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (statements when material.)Tj ET endstream endobj 213 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (69)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Segment reporting)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.033 Tc 0.092 Tw 0 -1.273 Td [(Operating segments and the amounts of each segment item reported in the \ financial)33 ( )]TJ 0.015 Tc 0 -1.273 Td [(statements are identified from the financial information provided regula\ rly to the Group\222s)15.1 ( )]TJ 0.005 Tc 0.091 Tw 0 -1.273 Td [(mo)0.5 (st s)0.5 (eni)0.5 (or ex)0.5 (ecu)0.5 (ti)0.5 (ve ma)0.5 (na)0.5 (geme)0.5 (nt f)0.5 (or t)0.5 (he p)0.5 (ur)0.5 (pos)0.5 (e of a)0.5 (lloc)0.5 (ati)0.5 (ng r)0.5 (eso)0.5 (urc)0.5 (es a)0.5 (nd a)0.5 (sse)0.5 (ssi)0.5 (ng)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (the performance of the Group\222s various lines of business.)Tj 0.075 Tw 0 -2.545 Td (Individually material operating segments are not aggregated for financia\ l reporting purposes )Tj 0.081 Tw 0 -1.273 Td [(unless )0.5 (the segments have )0.5 (similar )0.5 (economic characteristics )0.5 (and are similar )0.5 (in respect of )0.5 (the )]TJ 0.002 Tc 0.092 Tw 0 -1.273 Td [(nature of products and services, the nature of productions processes, th\ e type or class of)2 ( )]TJ 0.01 Tc 0 -1.273 Td [(customers, the methods used to distribute the products or provide the se\ rvices, and the)10 ( )]TJ 0 Tc 0.043 Tw 0 -1.273 Td (nature of the regulatory environment. Operating segments which are not i\ ndividually material )Tj 0 Tw 0 -1.273 Td (may be aggregated if they share a majority of these criteria.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Impairment on property, plant and equipment, right-of-use assets and int\ angible )Tj 0 -1.273 Td (assets other than goodwill)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.01 Tc 0.092 Tw 0 -1.273 Td [(At the end of the reporting year, the Group reviews the carrying amounts\ of its property,)10 ( )]TJ 0.016 Tc 0 -1.273 Td [(plant and equipment, right-of-use assets, and intangible assets with fin\ ite useful lives to)16 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (determine whether there is any indication that these assets have suffere\ d an impairment loss. )Tj 0.009 Tc 0.092 Tw 0 -1.273 Td [(If any such indication exists, the recoverable amount of the relevant as\ set is estimated in)9 ( )]TJ 0 Tc 0.055 Tw 0 -1.273 Td (order to determine the extent of the impairment loss \(if any\). Intangi\ ble assets with indefinite )Tj 0.076 Tw 0 -1.273 Td (useful lives and intangible assets not yet available for use are tested \ for impairment at least )Tj 0 Tw 0 -1.273 Td (annually, and whenever there is an indication that they may be impaired.\ )Tj -0.001 Tc 0 -2.545 Td [(The recoverable amount of property, plant and equipment, right-of-use as\ sets, and intangible)-1 ( )]TJ 0 Tc 0.03 Tw 0 -1.273 Td [(assets )0.6 (are )0.5 (estimated )0.6 (individually. )0.6 (When )0.5 (it )0.5 (is )0.6 (not )0.5 (possible )0.5 (to )0.5 (estimate )0.5 (the )0.5 (recoverable )0.5 (amount )]TJ 0.019 Tc 0.092 Tw 0 -1.273 Td [(individually, the Group estimates the recoverable amount of the cash-gen\ erating unit to)19 ( )]TJ 0 Tc 0.078 Tw 0 -1.273 Td (which the asset belongs. In testing a cash-generating unit for impairmen\ t, corporate assets )Tj 0.028 Tw 0 -1.273 Td [(are )0.5 (allocated to )0.5 (the )0.5 (relevant )0.5 (cash-generating )0.5 (unit )0.5 (when a )0.5 (reasonable )0.5 (and )0.5 (consistent )0.5 (basis )0.5 (of )]TJ 0.045 Tw 0 -1.273 Td (allocation can be established, or otherwise they are allocated to the sm\ allest group of cash-)Tj 0.083 Tw 0 -1.273 Td [(generating )0.5 (units )0.6 (for )0.5 (which )0.5 (a reasonable )0.6 (and )0.5 (consistent )0.5 (allocation )0.5 (basis )0.5 (can )0.5 (be )0.5 (established. )]TJ 0.03 Tc 0.091 Tw 0 -1.273 Td [(Th)0.5 (e r)0.5 (eco)0.5 (ver)0.5 (ab)0.5 (le a)0.5 (mou)0.5 (nt)0.5 ( is)0.5 ( det)0.5 (er)0.5 (min)0.5 (ed)0.5 ( fo)0.5 (r th)0.5 (e c)0.5 (ash)0.5 (-g)0.5 (ene)0.5 (rat)0.5 (in)0.5 (g u)0.5 (nit)0.5 ( or)0.5 ( gro)0.5 (up of c)0.5 (as)0.5 (h-)]TJ 0.005 Tc 0.092 Tw 0 -1.273 Td [(generating units to which the corporate asset belongs, and is compared w\ ith the carrying)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (amount of the relevant cash-generating unit or group of cash-generating \ units.)Tj 0.01 Tc 0.092 Tw 0 -2.545 Td [(Recoverable amount is the higher of fair value less costs of disposal an\ d value-in-use. In)10 ( )]TJ 0 Tc 0.021 Tw 0 -1.273 Td (assessing value-in-use, the estimated future cash flows are discounted t\ o their present value )Tj 0.001 Tc 0.092 Tw 0 -1.273 Td [(using a pre-tax discount rate that reflects current market assessments o\ f the time value of)1 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (money and the risks specific to the asset \(or a cash-generating unit\) \ for which the estimates )Tj 0 Tw 0 -1.273 Td (of future cash flows have not been adjusted.)Tj ET endstream endobj 212 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (68)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Related parties)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (A related party is a person or entity that is related to the Group.)Tj 0.017 Tc 0.091 Tw 0 -2.545 Td [(\()17 (A)17 (\))]TJ /Span<>> BDC 1.112 0 Td ( )Tj EMC 1.465 0 Td [(A)0.5 ( p)0.5 (e)0.5 (r)0.6 (s)0.5 (o)0.5 (n)0.5 ( o)0.5 (r)0.5 ( a)0.5 ( c)0.5 (l)0.5 (o)0.5 (s)0.6 (e)0.5 ( m)0.6 (e)0.5 (m)0.5 (b)0.5 (e)0.5 (r)0.6 ( o)0.5 (f)0.6 ( t)0.5 (h)0.5 (a)0.5 (t)0.5 ( p)0.5 (e)0.5 (r)0.6 (s)0.5 (o)0.5 (n)0.5 (\222)0.6 (s)0.5 ( f)0.6 (a)0.5 (m)0.5 (i)0.5 (l)0.5 (y)0.5 ( i)0.5 (s)0.6 ( r)0.6 (e)0.5 (l)0.5 (a)0.5 (t)0.5 (e)0.5 (d)0.6 ( t)0.5 (o)0.6 ( t)0.6 (h)0.5 (e)0.5 ( G)0.5 (r)0.5 (o)0.5 (u)0.5 (p)0.6 ( i)0.6 (f)0.5 ( t)0.5 (h)0.5 (a)0.5 (t)17 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (person:)Tj 0 -2.545 Td (\(i\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (has control or joint control over the Group;)Tj -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (has significant influence over the Group; or)Tj 0.011 Tw -2.577 -2.545 Td (\(iii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (is a member of the key management personnel of the Company or of a paren\ t of )Tj 0 Tw 0 -1.273 Td (the Company.)Tj -5.154 -2.545 Td (\(B\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (An entity is related to the Group if any of the following conditions app\ lies:)Tj 0.025 Tw 0 -2.545 Td (\(i\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td [(The )0.5 (entity )0.6 (and )0.5 (the )0.6 (Company )0.5 (are )0.5 (members )0.6 (of )0.5 (the )0.6 (same )0.5 (group )0.5 (\(which )0.5 (means )0.5 (that )]TJ 0 Tw 0 -1.273 Td (each parent, subsidiary and fellow subsidiary is related to the others\)\ .)Tj 0.074 Tw -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (One entity is an associate or joint venture of the other entity \(or an \ associate or )Tj 0 Tw 0 -1.273 Td (joint venture of a member of a group of which the other entity is a memb\ er\).)Tj -2.577 -2.545 Td (\(iii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Both entities are joint ventures of the same third party.)Tj 0.011 Tw -2.577 -2.545 Td (\(iv\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (One entity is a joint venture of a third entity and the other entity is \ an associate of )Tj 0 Tw 0 -1.273 Td (the third entity.)Tj 0.018 Tc 0.091 Tw -2.577 -2.545 Td [(\()18 (v)18 (\))]TJ /Span<>> BDC 0.945 0 Td ( )Tj EMC 1.632 0 Td [(T)0.5 (h)0.5 (e)0.5 ( en)0.6 (ti)0.6 (ty)0.6 ( i)0.5 (s)0.5 ( a)0.5 ( p)0.5 (o)0.5 (s)0.5 (t)0.5 (-)0.5 (e)0.5 (m)0.5 (p)0.5 (l)0.5 (o)0.5 (y)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.5 ( b)0.5 (e)0.5 (n)0.5 (e)0.5 (f)0.5 (i)0.5 (t)0.5 ( p)0.6 (l)0.5 (an)0.6 ( f)0.5 (o)0.5 (r)0.5 ( t)0.5 (h)0.5 (e)0.5 ( b)0.5 (e)0.5 (n)0.5 (e)0.5 (f)0.5 (i)0.5 (t)0.5 ( o)0.5 (f)0.5 ( e)0.5 (m)0.5 (p)0.5 (l)0.5 (o)0.5 (ye)0.5 (e)0.5 (s)0.5 ( o)0.5 (f)18 ( )]TJ 0.004 Tc 0.092 Tw 0 -1.273 Td [(either the Group or an entity related to the Group. If the Group is itse\ lf such a)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (plan, the sponsoring employers are also related to the Group.)Tj -2.577 -2.545 Td (\(vi\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (The entity is controlled or jointly controlled by a person identified in\ \(A\).)Tj 0.015 Tw -2.577 -2.545 Td (\(vii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (A person identified in \(A\)\(i\) has significant influence over the ent\ ity or is a member )Tj 0 Tw 0 -1.273 Td (of the key management personnel of the entity \(or of a parent of the en\ tity\).)Tj 0.043 Tc 0.092 Tw -2.577 -2.545 Td [(\()43 (v)43 (i)43 (i)43 (i)43 (\))]TJ /Span<>> BDC 1.5 0 Td ( )Tj EMC 1.077 0 Td [(The entity, or any member of a group of which it is a part, provides key\ )43 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (management personnel services to the Company or to a parent of the Compa\ ny.)Tj ET endstream endobj 211 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (67)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Taxation)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (Income tax represents the sum of the current tax and deferred tax.)Tj 0.001 Tc 0.092 Tw 0 -2.545 Td [(The )0.5 (tax )0.5 (currently )0.5 (payable )0.5 (is )0.5 (based on taxable profit for )0.5 (the )0.5 (year. Taxable profit )0.5 (differs )0.5 (from)1 ( )]TJ 0.003 Tc 0.091 Tw 0 -1.273 Td [(p)0.5 (r)0.5 (o)0.5 (f)0.5 (i)0.5 (t)0.5 ( r)0.5 (e)0.5 (c)0.5 (og)0.5 (n)0.5 (i)0.5 (s)0.5 (e)0.5 (d)0.6 ( i)0.5 (n)0.5 ( p)0.5 (r)0.5 (o)0.5 (f)0.5 (i)0.5 (t)0.5 ( o)0.5 (r)0.5 ( l)0.5 (o)0.5 (s)0.5 (s)0.5 ( b)0.5 (e)0.5 (c)0.5 (a)0.5 (u)0.5 (s)0.5 (e)0.5 ( i)0.5 (t)0.5 ( e)0.5 (x)0.5 (c)0.6 (lu)0.6 (d)0.5 (e)0.5 (s)0.5 ( i)0.5 (t)0.5 (e)0.5 (m)0.5 (s)0.5 ( o)0.5 (f)0.5 ( i)0.5 (n)0.5 (c)0.5 (o)0.5 (m)0.5 (e)0.5 ( o)0.5 (r)0.5 ( e)0.5 (x)0.5 (p)0.5 (e)0.5 (n)0.5 (s)0.5 (e)0.5 ( t)0.5 (h)0.5 (a)0.5 (t)0.5 ( a)0.5 (r)0.5 (e)3.1 ( )]TJ 0.004 Tc 0.092 Tw 0 -1.273 Td [(taxable or deductible in other years and it further excludes items that \ are never taxable or)4 ( )]TJ 0.001 Tc 0 -1.273 Td [(deductible. The )0.5 (Group\222s liability for current )0.5 (tax )0.5 (is )0.5 (calculated )0.5 (using tax rates that have )0.5 (been)1.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (enacted or substantively enacted by the end of the reporting period.)Tj 0.022 Tc 0.092 Tw 0 -2.545 Td [(Deferred tax is recognised on differences between the carrying amounts o\ f assets and)22 ( )]TJ -0.001 Tc 0 Tw 0 -1.273 Td [(li)0.5 (abil)0.5 (iti)0.5 (es )0.5 (in t)0.5 (he)0.5 ( fin)0.5 (anc)0.5 (ial)0.5 ( st)0.5 (ate)0.5 (men)0.5 (ts )0.5 (and)0.5 ( th)0.5 (e co)0.5 (rre)0.5 (spo)0.5 (ndi)0.5 (ng )0.5 (tax)0.5 ( ba)0.5 (ses)0.5 ( us)0.5 (ed i)0.5 (n t)0.5 (he )0.5 (com)0.5 (put)0.5 (ati)0.5 (on)-1 ( )]TJ 0.013 Tc 0.092 Tw 0 -1.273 Td [(of taxable profit. Deferred tax liabilities are generally recognised for\ all taxable temporary)12.9 ( )]TJ 0.018 Tc 0 -1.273 Td [(differences )0.5 (and )0.6 (deferred )0.5 (tax )0.5 (assets )0.6 (are )0.5 (recognised )0.5 (to )0.6 (the )0.5 (extent )0.5 (that )0.6 (it )0.5 (is )0.5 (probable )0.6 (that)18 ( )]TJ 0.001 Tc 0 -1.273 Td [(taxable profits will be available against which deductible temporary dif\ ferences, unused tax)1.1 ( )]TJ 0 Tc 0.056 Tw 0 -1.273 Td (losses or unused tax credits can be utilised. Such assets and liabilitie\ s are not recognised if )Tj 0.002 Tc 0.092 Tw 0 -1.273 Td [(the temporary difference arises from goodwill or from the initial recogn\ ition \(other than in a)2 ( )]TJ 0.001 Tc 0 -1.273 Td [(business combination\) of other assets and liabilities in a transaction \ that affects neither the)1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (taxable profit nor the accounting profit.)Tj 0 -2.545 Td [(D)0.5 (e)0.5 (f)0.5 (er)0.5 (r)0.5 (e)0.5 (d)0.5 ( )0.5 (t)0.5 (a)0.5 (x )0.5 (l)0.5 (i)0.5 (a)0.5 (b)0.5 (i)0.5 (li)0.5 (t)0.5 (i)0.5 (e)0.5 (s)0.5 ( )0.5 (ar)0.5 (e)0.5 ( )0.5 (r)0.5 (e)0.5 (c)0.5 (og)0.5 (n)0.5 (i)0.5 (s)0.5 (e)0.5 (d)0.5 ( f)0.5 (o)0.5 (r)0.5 ( )0.5 (t)0.5 (a)0.5 (x)0.5 (a)0.5 (bl)0.5 (e)0.5 ( )0.5 (t)0.5 (e)0.5 (mp)0.5 (o)0.5 (r)0.5 (a)0.5 (r)0.5 (y)0.5 ( )0.5 (d)0.5 (if)0.5 (f)0.5 (e)0.5 (r)0.5 (e)0.5 (n)0.5 (c)0.5 (es)0.5 ( )0.5 (a)0.5 (r)0.5 (i)0.5 (s)0.5 (i)0.5 (n)0.5 (g )0.5 (o)0.5 (n)0.5 ( )0.5 (i)0.5 (nv)0.5 (e)0.5 (s)0.5 (t)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.5 (s )]TJ 0.022 Tc 0.092 Tw 0 -1.273 Td [(in subsidiaries except where the Group is able to control the reversal o\ f the temporary)22 ( )]TJ 0 Tc 0.057 Tw 0 -1.273 Td (difference and it is probable that the temporary difference will not rev\ erse in the foreseeable )Tj 0 Tw 0 -1.273 Td (future.)Tj 0.012 Tc 0.092 Tw 0 -2.545 Td [(Deferred tax is calculated at the tax rates that are expected to apply i\ n the period when)12 ( )]TJ 0 Tc 0.083 Tw 0 -1.273 Td (the liability is settled or the asset is realised, based on tax rates th\ at have been enacted or )Tj 0.047 Tw 0 -1.273 Td (substantively enacted by the end of the reporting period. Deferred tax i\ s recognised in profit )Tj 0.01 Tw 0 -1.273 Td (or loss, except when it relates to items recognised in other comprehensi\ ve income or directly )Tj 0 Tw 0 -1.273 Td (in equity, in which case the deferred tax is also recognised in other co\ mprehensive income or )Tj 0 -1.273 Td (directly in equity.)Tj 0.008 Tc 0.092 Tw 0 -2.545 Td [(The )0.5 (measurement )0.5 (of )0.5 (deferred tax assets and liabilities )0.5 (reflects the tax consequences )0.5 (that)8 ( )]TJ 0 Tc 0.003 Tw 0 -1.273 Td (would follow from the manner in which the Group expects, at the end of t\ he reporting period, )Tj 0 Tw 0 -1.273 Td (to recover or settle the carrying amount of its assets and liabilities.)Tj 0.026 Tw 0 -2.545 Td (Deferred tax assets and liabilities are offset when there is a legally e\ nforceable right to set off )Tj 0.082 Tw 0 -1.273 Td [(current )0.6 (tax )0.6 (assets )0.6 (against )0.6 (current )0.6 (tax )0.6 (liabilities )0.6 (and )0.6 (when )0.6 (they )0.5 (relate )0.5 (to )0.6 (income )0.6 (taxes )0.5 (levied )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(by the same taxation authority and the Group intends to settle its curre\ nt tax assets and)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (liabilities on a net basis.)Tj ET endstream endobj 210 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (66)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Employee benefits )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (\(iii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Termination benefits)Tj /T1_0 1 Tf 0.035 Tc 0.092 Tw 0 -1.273 Td [(Termination benefits are recognised at the earlier of the dates when the\ Group)35 ( )]TJ 0.01 Tc 0 -1.273 Td [(can no )0.5 (longer )0.5 (withdraw )0.5 (the offer )0.5 (of )0.5 (those benefits and )0.5 (when the Group )0.5 (recognises)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (restructuring costs and involves the payment of termination benefits.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (Share-based payments)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.053 Tw 0 -1.273 Td (The Group issues equity-settled share-based payments to certain Director\ s, employees and )Tj 0 Tw 0 -1.273 Td (consultants.)Tj 0.019 Tc 0.092 Tw 0 -2.545 Td [(Equity-settled share-based payments to certain Directors and employees a\ re measured)19 ( )]TJ 0.001 Tc 0 -1.273 Td [(at the fair value \(excluding the effect of non market-based vesting con\ ditions\) of the equity)1 ( )]TJ 0.003 Tc 0.091 Tw 0 -1.273 Td [(i)0.5 (n)0.5 (s)0.6 (t)0.5 (r)0.5 (u)0.6 (m)0.5 (e)0.5 (n)0.5 (t)0.6 (s)0.5 ( a)0.5 (t)0.5 ( t)0.5 (h)0.6 (e)0.5 ( d)0.5 (a)0.5 (t)0.5 (e)0.6 ( o)0.5 (f)0.5 ( g)0.5 (r)0.5 (a)0.6 (n)0.5 (t)0.5 (.)0.5 ( T)0.5 (h)0.6 (e)0.5 ( f)0.6 (a)0.5 (i)0.5 (r)0.6 ( v)0.6 (a)0.5 (l)0.5 (u)0.5 (e)0.5 ( d)0.6 (e)0.5 (t)0.5 (e)0.5 (r)0.5 (m)0.6 (i)0.5 (n)0.5 (e)0.6 (d)0.5 ( a)0.6 (t)0.5 ( t)0.5 (h)0.5 (e)0.6 ( g)0.6 (r)0.5 (a)0.5 (n)0.5 (t)0.6 ( d)0.5 (a)0.5 (t)0.5 (e)0.6 ( o)0.5 (f)0.6 ( t)0.6 (h)0.5 (e)0.5 ( e)0.5 (q)0.6 (u)0.5 (i)0.5 (t)0.5 (y)0.6 (-)]TJ 0 Tc 0.068 Tw 0 -1.273 Td (settled share- based payments is expensed on a straight-line basis over \ the vesting period, )Tj 0.051 Tw 0 -1.273 Td (based on the Group\222s estimate of shares that will eventually vest and\ adjusted for the effect )Tj 0 Tw 0 -1.273 Td (of non market- based vesting conditions.)Tj 0.008 Tc 0.092 Tw 0 -2.545 Td [(Equity-settled share-based payments to consultants are measured at the f\ air value of the)8 ( )]TJ 0.002 Tc 0.091 Tw 0 -1.273 Td [(services rendered or if the fair value of the services rendered cannot b\ e reliably measured,)2 ( )]TJ 0 Tc 0.041 Tw 0 -1.273 Td (at the fair value of the equity instruments granted. The fair value is m\ easured at the date the )Tj 0 Tw 0 -1.273 Td (Group receives the services and is recognised as an expense.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Borrowing costs)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.034 Tc 0.091 Tw 0 -1.273 Td [(Borr)0.5 (owing costs direc)0.5 (tly attribut)0.5 (able to the acquis)0.5 (ition, constr)0.5 (uction or produ)0.5 (ction of)34 ( )]TJ 0.002 Tc 0 -1.273 Td [(q)0.5 (u)0.6 (a)0.5 (l)0.6 (i)0.5 (f)0.5 (y)0.6 (i)0.5 (n)0.6 (g)0.5 ( a)0.5 (s)0.6 (s)0.5 (e)0.5 (t)0.6 (s)0.5 (,)0.6 ( w)0.5 (h)0.5 (i)0.6 (c)0.5 (h)0.6 ( a)0.5 (r)0.5 (e)0.6 ( a)0.5 (s)0.5 (s)0.6 (e)0.5 (t)0.6 (s)0.5 ( t)0.6 (h)0.5 (a)0.5 (t)0.6 ( n)0.5 (e)0.5 (c)0.6 (e)0.5 (s)0.6 (s)0.5 (a)0.5 (r)0.6 (i)0.5 (l)0.6 (y)0.5 ( t)0.5 (a)0.6 (k)0.5 (e)0.5 ( a)0.6 ( s)0.5 (u)0.6 (b)0.5 (s)0.5 (t)0.6 (a)0.5 (n)0.6 (t)0.5 (i)0.5 (a)0.6 (l)0.5 ( p)0.6 (e)0.5 (r)0.5 (i)0.6 (o)0.5 (d)0.5 ( o)0.6 (f)0.5 ( t)0.5 (i)0.6 (m)0.5 (e)0.6 ( t)0.5 (o)0.5 ( g)0.6 (e)0.5 (t)2 ( )]TJ 0 Tc 0.064 Tw 0 -1.273 Td (ready for their intended use or sale, are capitalised as part of the cos\ t of those assets, until )Tj 0.01 Tc 0.092 Tw 0 -1.273 Td [(such time as the assets are substantially ready for their intended use o\ r sale. Investment)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (income earned on the temporary investment of specific borrowings pending\ their expenditure )Tj 0 -1.273 Td (on qualifying assets is deducted from the borrowing costs eligible for c\ apitalisation.)Tj 0.01 Tc 0.092 Tw 0 -2.545 Td [(To the extent that funds are borrowed generally and used for the purpose\ of obtaining a)10 ( )]TJ 0.007 Tc 0 -1.273 Td [(qualifying asset, the amount of borrowing costs eligible for capitalisat\ ion is determined by)6.9 ( )]TJ 0 Tc 0.06 Tw 0 -1.273 Td (applying a capitalisation rate to the expenditures on that asset. The ca\ pitalisation rate is the )Tj 0.044 Tw 0 -1.273 Td (weighted average of the borrowing costs applicable to the borrowings of \ the Group that are )Tj 0.006 Tc 0.092 Tw 0 -1.273 Td [(outstanding during the period, other than borrowings made specifically f\ or the purpose of)6 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (obtaining a qualifying asset.)Tj 0.015 Tc 0.092 Tw 0 -2.545 Td [(All other borrowing costs are recognised in profit or loss in the period\ in which they are)15 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (incurred.)Tj ET endstream endobj 190 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 191 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 192 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 193 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 194 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 219 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (65)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Revenue from contracts with customers )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.014 Tc 0.092 Tw 0 -1.273 Td [(The Group recognises revenue when it satisfies a performance obligation \ by transferring)14 ( )]TJ 0 Tc 0.07 Tw 0 -1.273 Td (control over a product or service to a customer. Depending on the terms \ of a contract and )Tj 0.016 Tw 0 -1.273 Td [(the )0.6 (laws )0.5 (that )0.6 (apply )0.6 (to )0.6 (that )0.6 (contract, )0.6 (a )0.5 (performance )0.7 (obligation )0.6 (can )0.6 (be )0.5 (satisfied )0.5 (over )0.5 (time )0.6 (or )0.6 (at )]TJ 0 Tw 0 -1.273 Td (a point in time. A performance obligation is satisfied over time if:)Tj 0.019 Tc 0.092 Tw 0 -2.545 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(the customer simultaneously receives and consumes the benefits provided \ by the)18.9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Group\222s performance;)Tj 0.056 Tw -2.577 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the Group\222s performance creates or enhances an asset that the custome\ r controls as )Tj 0 Tw 0 -1.273 Td (the asset is created or enhanced; or)Tj -2.577 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the Group\222s performance does not create an asset with an alternative \ use to the Group )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(and the Group has an enforceable right to payment for performance comple\ ted to)14 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (date.)Tj 0.087 Tw -2.577 -2.545 Td [(If )0.6 (a )0.5 (performance )0.6 (obligation )0.6 (is )0.6 (satisfied )0.6 (over )0.6 (time, )0.6 (revenue )0.6 (is )0.5 (recognised )0.5 (by )0.5 (reference )0.5 (to )0.6 (the )]TJ 0.001 Tw 0 -1.273 Td (progress towards complete satisfaction of that performance obligation. O\ therwise, revenue is )Tj 0 Tw 0 -1.273 Td (recognised at a point in time when the customer obtains control of the p\ roduct or service.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Other revenue)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (Interest income is recognised on a time-proportion basis using the effec\ tive interest method.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Employee benefits)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (\(i\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Employee leave entitlements)Tj /T1_0 1 Tf 0.011 Tc 0.091 Tw 0 -1.273 Td [(Employee entitlements to annual leave and long service leave are recogni\ sed when)11 ( )]TJ 0.012 Tc 0.092 Tw 0 -1.273 Td [(they accrue to employees. A provision is made for the estimated liabilit\ y for annual)12 ( )]TJ 0 Tc 0.087 Tw 0 -1.273 Td [(leave and long service leave )0.5 (as a result of services )0.5 (rendered by employees up to the )]TJ 0 Tw 0 -1.273 Td (end of the reporting period.)Tj 0.004 Tc 0.092 Tw 0 -2.545 Td [(Employee entitlements to sick leave and maternity leave are not recognis\ ed until the)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (time of leave.)Tj /T1_3 1 Tf -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Pension obligations)Tj /T1_0 1 Tf 0.056 Tw 0 -1.273 Td (The Group contributes to defined contribution retirement schemes which a\ re available )Tj 0.022 Tc 0.092 Tw 0 -1.273 Td [(to all employees. Contributions to the schemes by the Group and employee\ s are)22 ( )]TJ 0.033 Tc 0 -1.273 Td [(calculated as a percentage of employees\222 basic salaries. The retireme\ nt benefit)33 ( )]TJ -0.001 Tc 0 Tw 0 -1.273 Td [(scheme cost charged to profit or loss represents contributions payable b\ y the Group to)-1 ( )]TJ 0 Tc 0.065 Tw 0 -1.273 Td (the funds. No forfeited contributions \(by employers on behalf of employ\ ees who leave )Tj 0.012 Tw 0 -1.273 Td (the scheme prior to vesting fully in such contributions\) will be used b\ y the employers to )Tj 0 Tw 0 -1.273 Td (reduce the existing level of contributions.)Tj ET endstream endobj 218 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (64)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Cash and cash equivalents)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.011 Tc 0.092 Tw 0 -1.273 Td [(For the purpose of the consolidated statement of cash flows, cash and ca\ sh equivalents)11 ( )]TJ 0.025 Tc 0 -1.273 Td [(represent )0.5 (cash )0.6 (at )0.5 (bank )0.5 (and )0.5 (on )0.5 (hand, )0.5 (demand )0.5 (deposits )0.6 (with )0.5 (banks )0.5 (and )0.6 (other )0.5 (financial)25 ( )]TJ 0 Tc 0.001 Tw 0 -1.273 Td (institutions, and short- term highly liquid investments which are readil\ y convertible into known )Tj 0.015 Tc 0.092 Tw 0 -1.273 Td [(amounts )0.5 (of )0.5 (cash )0.5 (and )0.6 (subject )0.5 (to )0.5 (an )0.5 (insignificant )0.5 (risk )0.6 (of )0.6 (change )0.5 (in )0.5 (value. )0.5 (Bank )0.6 (overdrafts)15 ( )]TJ 0 Tc 0.036 Tw 0 -1.273 Td (which are repayable on demand and form an integral part of the Group\222\ s cash management )Tj 0 Tw 0 -1.273 Td (are also included as a component of cash and cash equivalents.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Financial liabilities and equity instruments)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.008 Tc 0.091 Tw 0 -1.273 Td [(F)0.5 (i)0.5 (n)0.5 (a)0.5 (n)0.6 (c)0.5 (i)0.5 (a)0.5 (l)0.5 ( l)0.5 (i)0.5 (a)0.5 (b)0.6 (i)0.5 (l)0.5 (i)0.5 (t)0.5 (i)0.5 (e)0.5 (s)0.5 ( a)0.5 (n)0.5 (d)0.5 ( e)0.5 (q)0.5 (u)0.5 (i)0.5 (t)0.5 (y)0.5 ( i)0.5 (n)0.5 (s)0.5 (t)0.5 (r)0.5 (u)0.6 (m)0.5 (e)0.5 (n)0.5 (t)0.5 (s)0.5 ( a)0.5 (r)0.5 (e)0.5 ( c)0.5 (l)0.5 (a)0.5 (s)0.5 (s)0.5 (i)0.5 (f)0.5 (i)0.5 (e)0.6 (d)0.5 ( a)0.5 (c)0.5 (c)0.5 (o)0.5 (r)0.6 (d)0.5 (i)0.5 (n)0.5 (g)0.5 ( t)0.6 (o)0.5 ( t)0.6 (h)0.5 (e)0.5 ( s)0.5 (u)0.6 (b)0.5 (s)0.5 (t)0.5 (a)0.5 (n)0.5 (c)0.5 (e)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.5 (e)8 ( )]TJ 0 Tc 0.048 Tw 0 -1.273 Td (contractual arrangements entered into and the definitions of a financial\ liability and an equity )Tj 0.009 Tc 0.091 Tw 0 -1.273 Td [(i)0.5 (n)0.6 (s)0.6 (t)0.6 (r)0.5 (u)0.6 (m)0.6 (e)0.5 (n)0.6 (t)0.6 ( u)0.5 (n)0.6 (d)0.6 (e)0.5 (r)0.6 ( H)0.6 (K)0.5 (F)0.6 (R)0.6 (S)0.5 (s)0.6 (.)0.6 ( A)0.5 (n)0.6 ( e)0.6 (q)0.6 (u)0.5 (i)0.6 (t)0.6 (y)0.5 ( i)0.6 (n)0.6 (s)0.5 (t)0.6 (r)0.6 (u)0.5 (m)0.6 (e)0.5 (n)0.6 (t)0.6 ( i)0.6 (s)0.5 ( a)0.6 (n)0.6 (y)0.5 ( c)0.6 (o)0.6 (n)0.5 (t)0.6 (r)0.6 (a)0.5 (c)0.6 (t)0.5 ( t)0.5 (h)0.6 (a)0.6 (t)0.5 ( e)0.6 (v)0.6 (i)0.5 (d)0.6 (e)0.5 (n)0.6 (c)0.6 (e)0.5 (s)0.6 ( a)0.6 ( r)0.6 (e)0.5 (s)0.6 (i)0.5 (d)0.6 (u)0.6 (a)0.5 (l)9 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (interest in the assets of the Group after deducting all of its liabiliti\ es. The accounting policies )Tj 0 Tw 0 -1.273 Td (adopted for specific financial liabilities and equity instruments are se\ t out below.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Borrowings)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.028 Tc 0.092 Tw 0 -1.273 Td [(Borrowings are recognised initially at fair value, net of transaction co\ sts incurred, and)28 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (subsequently measured at amortised cost using the effective interest met\ hod.)Tj 0.058 Tw 0 -2.545 Td (Borrowings are classified as current liabilities unless the Group has an\ unconditional right to )Tj 0 Tw 0 -1.273 Td (defer settlement of the liability for at least 12 months after the repor\ ting period.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Trade and other payables)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.035 Tc 0.092 Tw 0 -1.273 Td [(Trade and other payables are initially recognised at their fair value an\ d subsequently)35 ( )]TJ 0.041 Tc 0.091 Tw 0 -1.273 Td [(measured at amortised cost using the effective interest method unless th\ e effect of)41 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (discounting would be immaterial, in which case they are stated at cost.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Equity instruments)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.007 Tc 0.092 Tw 0 -1.273 Td [(Equity instruments issued by the Company are recorded at the proceeds re\ ceived, net of)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (direct issue costs.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Revenue from contracts with customers)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.007 Tc 0.092 Tw 0 -1.273 Td [(Revenue is )0.5 (measured )0.5 (based )0.5 (on )0.5 (the )0.5 (consideration )0.5 (specified )0.5 (in )0.5 (a )0.5 (contract )0.5 (with )0.5 (a )0.5 (customer)7 ( )]TJ 0.018 Tc 0 -1.273 Td [(with reference to the customary business practices and excludes amounts \ collected on)18.1 ( )]TJ -0.002 Tc 0 Tw 0 -1.273 Td [(behalf of third parties. For a contract where the period between the pay\ ment by the customer)-1.9 ( )]TJ 0 Tc 0.09 Tw 0 -1.273 Td (and the transfer of the promised product or service exceeds one year, th\ e consideration is )Tj 0 Tw 0 -1.273 Td (adjusted for the effect of a significant financing component.)Tj ET endstream endobj 217 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (63)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Financial assets)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.02 Tw 0 -1.273 Td (Financial assets are recognised and derecognised on a trade date basis w\ here the purchase )Tj 0.088 Tw 0 -1.273 Td (or sale of an asset is under a contract whose terms require delivery of \ the asset within the )Tj 0.006 Tw 0 -1.273 Td (timeframe established by the market concerned, and are initially recogni\ sed at fair value, plus )Tj 0.056 Tw 0 -1.273 Td (directly attributable transaction costs except in the case of investment\ s at fair value through )Tj 0.092 Tw 0 -1.273 Td (profit or loss. Transaction costs directly attributable to the acquisiti\ on of investments at fair )Tj 0 Tw 0 -1.273 Td (value through profit or loss are recognised immediately in profit or los\ s.)Tj 0 -2.545 Td (Financial assets of the Group are classified under financial assets at a\ mortised cost.)Tj 0.004 Tc 0.092 Tw 0 -2.545 Td [(Financial assets \(including trade and other receivables\) are classifie\ d under this category if)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (they satisfy both of the following conditions:)Tj 0.043 Tw 0 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td [(the assets are held )0.5 (within a business model whose objective is to hold assets in order )]TJ 0 Tw 0 -1.273 Td (to collect contractual cash flows; and)Tj 0.067 Tw -2.577 -2.545 Td (\226)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the contractual terms of the assets give rise on specified dates to cash\ flows that are )Tj 0 Tw 0 -1.273 Td (solely payments of principal and interest on the principal amount outsta\ nding.)Tj 0.077 Tw -2.577 -2.545 Td [(They are subsequently )0.5 (measured at )0.5 (amortised cost using )0.5 (the effective interest )0.5 (method less )]TJ 0 Tw 0 -1.273 Td (loss allowance for expected credit losses.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Loss allowances for expected credit losses \(\223ECL\224\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.01 Tc 0.091 Tw 0 -1.273 Td [(The Group recognises loss allowances for ECL o)0.5 (n fina)0.5 (ncial ass)0.5 (ets at)0.5 ( amort)0.5 (is)0.5 (ed cos)0.5 (t and)10 ( )]TJ 0 Tc 0.038 Tw 0 -1.273 Td [(contract )0.6 (assets. )0.5 (ECL )0.6 (are )0.5 (the )0.5 (weighted )0.6 (average )0.5 (of )0.6 (credit )0.5 (losses )0.6 (with )0.5 (the )0.5 (respective )0.5 (risks )0.5 (of )0.5 (a )]TJ 0 Tw 0 -1.273 Td (default occurring as the weights.)Tj 0.092 Tw 0 -2.545 Td (At the end of each reporting period, the Group measures the loss allowan\ ce for a financial )Tj 0.004 Tc 0 -1.273 Td [(instrument at an amount equal to the ECL that result from all possible d\ efault events over)4 ( )]TJ 0.003 Tc 0 -1.273 Td [(the )0.5 (expected life of that )0.5 (financial )0.5 (instrument \(\223)]TJ /T1_1 1 Tf [(lifetime )0.5 (expected )0.5 (credit )0.5 (losses)]TJ /T1_0 1 Tf [(\224\) )0.5 (for )0.5 (trade)2.9 ( )]TJ 0 Tc 0.002 Tw 0 -1.273 Td (receivables and contract assets, or if the credit risk on that financial\ instrument has increased )Tj 0 Tw 0 -1.273 Td (significantly since initial recognition.)Tj 0.014 Tw 0 -2.545 Td [(If, )0.5 (at )0.5 (the end )0.5 (of )0.5 (the )0.5 (reporting )0.5 (period, )0.5 (the )0.5 (credit )0.5 (risk )0.5 (on a )0.5 (financial )0.5 (instrument )0.5 (\(other )0.5 (than )0.5 (trade )]TJ 0.018 Tc 0.091 Tw 0 -1.273 Td [(r)0.5 (e)0.6 (c)0.5 (e)0.6 (i)0.5 (v)0.5 (a)0.6 (b)0.5 (l)0.6 (e)0.5 (s)0.5 (\))0.6 ( h)0.5 (a)0.6 (s)0.5 ( n)0.6 (o)0.5 (t)0.5 ( i)0.6 (n)0.5 (c)0.6 (r)0.5 (e)0.5 (a)0.6 (s)0.5 (e)0.6 (d)0.5 ( s)0.6 (i)0.5 (g)0.5 (n)0.6 (i)0.5 (f)0.6 (i)0.5 (c)0.5 (a)0.6 (n)0.5 (t)0.6 (l)0.5 (y)0.5 ( s)0.6 (i)0.5 (n)0.6 (c)0.5 (e)0.6 ( i)0.5 (n)0.6 (i)0.5 (t)0.5 (i)0.6 (a)0.5 (l)0.5 ( r)0.6 (e)0.5 (c)0.6 (o)0.5 (g)0.5 (n)0.6 (i)0.5 (t)0.6 (i)0.5 (o)0.5 (n)0.6 (,)0.5 ( t)0.6 (h)0.5 (e)0.6 ( G)0.6 (r)0.5 (o)0.6 (u)0.5 (p)0.6 ( m)0.5 (e)0.6 (a)0.5 (s)0.5 (u)0.6 (r)0.5 (e)0.6 (s)18 ( )]TJ 0 Tc 0.079 Tw 0 -1.273 Td [(the )0.5 (loss )0.6 (allowance )0.5 (for )0.6 (that )0.5 (financial )0.6 (instrument )0.6 (at )0.5 (an )0.5 (amount )0.6 (equal )0.5 (to )0.5 (the )0.5 (portion )0.5 (of )0.5 (lifetime )]TJ 0.026 Tc 0.092 Tw 0 -1.273 Td [(expected credit losses that represents the ECL that result from default \ events on that)26 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (financial instrument that are possible within 12 months after the report\ ing period.)Tj 0.01 Tw 0 -2.545 Td (The amount of ECL or reversal to adjust the loss allowance at the end of\ the reporting period )Tj 0 Tw 0 -1.273 Td (to the required amount is recognised in profit or loss as an impairment \ gain or loss.)Tj ET endstream endobj 216 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (62)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Leases)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (The Group as lessee)Tj /T1_0 1 Tf 0.008 Tc 0.092 Tw 0 -1.273 Td [(Leases )0.5 (are )0.5 (recognised )0.5 (as right-of-use assets )0.5 (and corresponding )0.5 (lease liabilities when the)8 ( )]TJ 0.015 Tc 0 -1.273 Td [(leased assets are available for use by the Group. Right-of-use assets ar\ e stated at cost)15 ( )]TJ 0.008 Tc 0 -1.273 Td [(less accumulated depreciation and impairment losses. Depreciation of rig\ ht-of-use assets)8 ( )]TJ 0 Tc 0.065 Tw 0 -1.273 Td (is calculated at rates to write off their cost over the shorter of the a\ sset\222s useful life and the )Tj 0 Tw 0 -1.273 Td (lease term on a straight-line basis. The principal annual rates are as f\ ollows:)Tj 10 0 0 10 104.8819 571.5267 Tm (Office premises)Tj 14.173 0 Td (1\2262 years)Tj 0.054 Tw 11 0 0 11 104.8819 546.6968 Tm [(Right-of-use )0.6 (assets )0.5 (are )0.5 (measured )0.5 (at )0.5 (cost )0.5 (comprising )0.6 (the )0.5 (amount )0.5 (of )0.5 (the )0.5 (initial )0.5 (measurement )]TJ 0.091 Tw 0 -1.273 Td (of the lease liabilities, lease payments prepaid, initial direct costs a\ nd the restoration costs. )Tj 0.009 Tc 0.092 Tw 0 -1.273 Td [(Lease liabilities include the net present value of the lease payments di\ scounted using the)9 ( )]TJ 0.01 Tc 0 -1.273 Td [(interest rate implicit in the lease if that rate can be determined, or o\ therwise the Group\222s)10 ( )]TJ 0 Tc 0.014 Tw 0 -1.273 Td (incremental borrowing rate. Each lease payment is allocated between the \ liability and finance )Tj 0.005 Tc 0.091 Tw 0 -1.273 Td [(cost. The finance cost is char)0.5 (ged to profi)0.5 (t or loss over the le)0.5 (as)0.5 (e ter)0.5 (m so as to p)0.5 (roduce a)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (constant periodic rate of interest on the remaining balance of the lease\ liability.)Tj -0.005 Tc 0 -2.545 Td [(Payments associated with short-term leases and leases of low-value asset\ s are recognised as)-5 ( )]TJ 0 Tc 0.032 Tw 0 -1.273 Td [(expenses in profit )0.5 (or loss )0.5 (on a straight-line )0.5 (basis over the lease terms. Short-term leases are )]TJ 0.084 Tw 0 -1.273 Td (leases with an initial lease term of 12 months or less. Low-value assets\ are assets of value )Tj 0 Tw 0 -1.273 Td (below HK$39,000.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Recognition and derecognition of financial instruments)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.003 Tc 0.092 Tw 0 -1.273 Td [(Financial assets and financial liabilities are recognised in the stateme\ nt of financial position)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (when the Group becomes a party to the contractual provisions of the inst\ ruments.)Tj 0.009 Tc 0.092 Tw 0 -2.545 Td [(Financial assets are derecognised when the contractual rights to receive\ cash flows from)9 ( )]TJ 0 Tc 0.045 Tw 0 -1.273 Td [(the assets expire; the )0.5 (Group transfers )0.5 (substantially )0.5 (all the risks )0.5 (and rewards )0.5 (of ownership of )]TJ 0.09 Tw 0 -1.273 Td [(the )0.5 (assets; )0.5 (or )0.5 (the )0.5 (Group )0.5 (neither )0.5 (transfers )0.6 (nor )0.5 (retains )0.5 (substantially )0.5 (all )0.5 (the )0.5 (risks )0.5 (and )0.5 (rewards )]TJ 0.091 Tw 0 -1.273 Td (of ownership of the assets but has not retained control on the assets. O\ n derecognition of )Tj 0.01 Tc 0.092 Tw 0 -1.273 Td [(a financial asset, the difference between the asset\222s carrying amount\ and the sum of the)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (consideration received is recognised in profit or loss.)Tj 0.073 Tw 0 -2.545 Td (Financial liabilities are derecognised when the obligation specified in \ the relevant contract is )Tj 0.007 Tw 0 -1.273 Td [(discharged, )0.5 (cancelled )0.6 (or )0.5 (expires. )0.5 (The )0.5 (difference )0.6 (between )0.5 (the )0.5 (carrying )0.5 (amount )0.5 (of )0.5 (the )0.5 (financial )]TJ 0 Tw 0 -1.273 Td (liability derecognised and the consideration paid is recognised in profi\ t or loss.)Tj ET endstream endobj 215 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (61)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Property, plant and equipment )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.011 Tc 0.092 Tw 0 -1.273 Td [(Property, plant and equipment are depreciated on a straight-line basis o\ ver the following)10.9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (estimated useful lives:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 638.827 325.984 -28.835 re 405.354 638.827 113.386 -28.835 re f /CS1 cs 0 0 0 0 scn /RelativeColorimetric ri 79.37 609.992 325.984 -4 re 405.354 609.992 113.386 -4 re 79.37 605.992 325.984 -13 re 405.354 605.992 113.386 -13 re 79.37 592.992 325.984 -13 re 405.354 592.992 113.386 -13 re 79.37 579.992 325.984 -13 re 405.354 579.992 113.386 -13 re f BT /Perceptual ri /T1_1 1 Tf 10 0 0 10 464.9517 627.5267 Tm (Estimated )Tj -0.501 -1.3 Td (useful lives)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -37.49 -1.983 Td (Motor vehicles)Tj 37.708 0 Td (4 to 6 years)Tj -37.708 -1.3 Td (Furniture, fixtures and equipment)Tj 37.708 0 Td (4 to 6 years)Tj -37.708 -1.3 Td (Computer equipment)Tj 37.708 0 Td (4 to 5 years)Tj 0.056 Tw 11 0 0 11 79.3701 543.8624 Tm (The gain or loss on disposal of property, plant and equipment is the dif\ ference between the )Tj 0.03 Tw 0 -1.273 Td (net sales proceeds and the carrying amount of the relevant asset, and is\ recognised in profit )Tj 0 Tw 0 -1.273 Td (or loss.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Intangible assets)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.058 Tw 0 -1.273 Td (Intangible assets with finite useful lives that are acquired separately \ are carried at costs less )Tj 0.004 Tc 0.092 Tw 0 -1.273 Td [(accumulated amortisation and accumulated impairment losses. Amortisation\ is recognised)4 ( )]TJ 0.016 Tc 0 -1.273 Td [(on a straight-line basis over their estimated useful lives ranging from \ 8 to 10 years. )0.5 (The)16 ( )]TJ 0.015 Tc 0 -1.273 Td [(estimated useful life and amortisation method are reviewed at the end of\ each reporting)15.1 ( )]TJ 0.014 Tc 0 -1.273 Td [(period, with the effect of any changes in estimate being accounted for o\ n a prospective)14 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (basis.)Tj /T1_3 1 Tf 0 -2.545 Td (Intangible assets acquired in a business combination)Tj /T1_0 1 Tf -0.001 Tc 0 -1.273 Td [(Intangible assets acquired in a business combination are recognised sepa\ rately from goodwill)-1 ( )]TJ 0 Tc 0.002 Tw 0 -1.273 Td [(and are )0.5 (initially recognised )0.5 (at )0.5 (their fair )0.5 (value at the )0.5 (acquisition )0.5 (date \(which )0.5 (is regarded as their )]TJ 0 Tw 0 -1.273 Td (cost\).)Tj 0.09 Tw 0 -2.545 Td (Subsequent to initial recognition, intangible assets acquired in a busin\ ess combination with )Tj 0.075 Tw 0 -1.273 Td (finite useful lives are reported at costs less accumulated amortisation \ and any accumulated )Tj 0.016 Tc 0.092 Tw 0 -1.273 Td [(impairment losses/revalued amounts, being their fair value at the date o\ f the revaluation)16 ( )]TJ 0 Tc 0.068 Tw 0 -1.273 Td (less subsequent accumulated amortisation and any accumulated impairment \ losses, on the )Tj 0.003 Tc 0.092 Tw 0 -1.273 Td [(same basis as intangible assets that are acquired separately. Intangible\ assets acquired in)3.1 ( )]TJ 0.005 Tc 0.091 Tw 0 -1.273 Td [(a busin)0.5 (ess combi)0.5 (nation wi)0.5 (th indefi)0.5 (nite usef)0.5 (ul lives are car)0.5 (ried at cost)0.5 ( le)0.5 (ss any subs)0.5 (equent)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (accumulated impairment losses.)Tj 0.005 Tc 0.092 Tw 0 -2.545 Td [(An intangible asset is derecognised on disposal, or when no future econo\ mic benefits are)5 ( )]TJ 0 Tc 0.059 Tw 0 -1.273 Td (expected from use or disposal. Gains and losses arising from derecogniti\ on of an intangible )Tj 0.02 Tc 0.092 Tw 0 -1.273 Td [(asset, measured as the difference between the net disposal proceeds and \ the carrying)20 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (amount of the asset, are recognised in profit or loss when the asset is \ derecognised.)Tj ET endstream endobj 185 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 186 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 187 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 188 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 189 0 obj </LastModified/NumberOfPageItemsInPage 7/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 228 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (60)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Foreign currency translation )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (\(iii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Translation on consolidation)Tj /T1_0 1 Tf 0.068 Tw 0 -1.273 Td (The results and financial position of all the entities of the Group that\ have a functional )Tj 0.008 Tc 0.092 Tw 0 -1.273 Td [(currency different from the Company\222s )0.5 (presentation currency )0.5 (are translated into the)8 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Company\222s presentation currency as follows:)Tj 0.029 Tc 0.092 Tw 0 -2.545 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(Assets and liabilities for each statement of financial position presente\ d are)29 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (translated at the closing rate at the date of that statement of financia\ l position;)Tj 0.022 Tc 0.091 Tw -2.577 -2.545 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(I)0.5 (n)0.5 (c)0.5 (o)0.5 (m)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.5 ( e)0.5 (x)0.5 (p)0.5 (e)0.5 (n)0.5 (s)0.5 (e)0.5 (s)0.5 ( a)0.5 (r)0.5 (e)0.5 ( t)0.5 (r)0.5 (a)0.5 (n)0.5 (s)0.5 (l)0.5 (a)0.5 (t)0.5 (e)0.5 (d)0.5 ( a)0.5 (t)0.5 ( a)0.5 (v)0.5 (e)0.5 (r)0.5 (a)0.5 (ge)0.5 ( e)0.5 (x)0.5 (c)0.5 (h)0.5 (a)0.5 (n)0.5 (g)0.5 (e)0.5 ( r)0.5 (a)0.5 (t)0.5 (e)0.5 (s)0.5 ( \()0.5 (u)0.5 (n)0.5 (l)0.5 (e)0.5 (s)0.5 (s)0.5 ( t)0.5 (h)0.5 (i)0.5 (s)22 ( )]TJ 0.001 Tc 0.092 Tw 0 -1.273 Td [(average is not a reasonable approximation of the cumulative effect of th\ e rates)1 ( )]TJ 0.018 Tc 0.091 Tw 0 -1.273 Td [(prevailing on the transaction dates, in which case income and expenses a\ re)18 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (translated at the exchange rates on the transaction dates\); and)Tj 0.044 Tc 0.091 Tw -2.577 -2.545 Td (\226)Tj /Span<>> BDC 0.5 0 Td ( )Tj EMC 2.077 0 Td [(All)0.5 ( r)0.5 (esult)0.5 (ing ex)0.5 (chang)0.5 (e diff)0.5 (erenc)0.5 (es are r)0.5 (ecogni)0.5 (sed in)0.5 ( t)0.5 (he fore)0.5 (ign cur)0.5 (renc)0.5 (y)44 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (translation reserve.)Tj 0.046 Tc 0.091 Tw -2.577 -2.545 Td [(On consolidation, exchange differences arising from the translation of t\ he net)46.1 ( )]TJ 0 Tc 0.05 Tw 0 -1.273 Td (investment in foreign entities and of borrowings are recognised in the f\ oreign currency )Tj 0.005 Tc 0.092 Tw 0 -1.273 Td [(translation reserve. When a foreign operation is sold, such exchange dif\ ferences are)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (recognised in consolidated profit or loss as part of the gain or loss on\ disposal.)Tj 0.009 Tc 0.092 Tw 0 -2.545 Td [(Goodwill )0.6 (and )0.5 (fair )0.5 (value )0.6 (adjustments )0.6 (arising )0.5 (on )0.5 (the )0.6 (acquisition )0.6 (of )0.5 (a )0.6 (foreign )0.6 (entity )0.6 (are)9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (treated as assets and liabilities of the foreign entity and translated a\ t the closing rate.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (Inventories)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.08 Tw 0 -1.273 Td [(Inventories )0.6 (are )0.5 (stated )0.6 (at )0.5 (the )0.5 (lower )0.5 (of )0.6 (cost )0.5 (and )0.5 (net )0.6 (realisable )0.5 (value. )0.5 (Costs )0.5 (of )0.5 (inventories )0.5 (are )]TJ -0.002 Tc 0 Tw 0 -1.273 Td [(determined on a first-in, first-out method. Net realisable value represe\ nts the estimated selling)-2 ( )]TJ 0 Tc 0.046 Tw 0 -1.273 Td (price for inventories less all estimated costs of completion and costs n\ ecessary to make the )Tj 0.059 Tw 0 -1.273 Td (sale. Costs necessary to make the sale include incremental costs directl\ y attributable to the )Tj 0 Tw 0 -1.273 Td (sale and non-incremental costs which the Group must incur to make the sa\ le.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Property, plant and equipment)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.034 Tc 0.092 Tw 0 -1.273 Td [(Property, plant and equipment are stated at cost less accumulated deprec\ iation and)34 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (impairment losses.)Tj 0.085 Tw 0 -2.545 Td [(Subsequent )0.5 (costs are included in the asset\222s carrying amount or recognised as a \ separate )]TJ 0.029 Tw 0 -1.273 Td (asset, as appropriate, only when it is probable that future economic ben\ efits associated with )Tj 0.086 Tw 0 -1.273 Td (the item will flow to the Group and the cost of the item can be measured\ reliably. All other )Tj 0.062 Tw 0 -1.273 Td (repairs and maintenance are recognised in profit or loss during the peri\ od in which they are )Tj 0 Tw 0 -1.273 Td (incurred.)Tj ET endstream endobj 227 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (59)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Business combination and goodwill)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.001 Tc 0.091 Tw 0 -1.273 Td [(T)0.5 (h)0.5 (e)0.6 ( a)0.6 (c)0.5 (q)0.5 (u)0.5 (i)0.6 (s)0.5 (i)0.5 (t)0.5 (i)0.5 (o)0.6 (n)0.5 ( m)0.5 (e)0.5 (t)0.5 (h)0.6 (o)0.5 (d)0.5 ( i)0.5 (s)0.5 ( u)0.5 (s)0.6 (e)0.5 (d)0.5 ( t)0.5 (o)0.5 ( a)0.5 (c)0.6 (c)0.5 (o)0.5 (u)0.5 (n)0.6 (t)0.5 ( f)0.6 (o)0.5 (r)0.5 ( t)0.5 (h)0.6 (e)0.5 ( a)0.5 (c)0.5 (q)0.5 (u)0.6 (i)0.5 (s)0.5 (i)0.5 (t)0.5 (i)0.6 (o)0.5 (n)0.5 ( o)0.5 (f)0.5 ( a)0.5 ( s)0.5 (u)0.6 (b)0.5 (s)0.5 (i)0.5 (d)0.6 (i)0.5 (a)0.5 (r)0.5 (y)0.6 ( i)0.5 (n)0.6 ( a)0.5 ( b)0.5 (u)0.5 (s)0.5 (i)0.6 (n)0.5 (e)0.5 (s)0.5 (s)1.1 ( )]TJ -0.008 Tc 0 Tw 0 -1.273 Td [(combination. The cost of acquisition is measured at the acquisition-date\ fair value of the assets)-8 ( )]TJ 0 Tc 0 -1.273 Td (given, equity instruments issued, liabilities incurred and contingent co\ nsideration. Acquisition- )Tj 0.04 Tw 0 -1.273 Td (related costs are recognised as expenses in the periods in which the cos\ ts are incurred and )Tj 0.049 Tw 0 -1.273 Td (the services are received. Identifiable assets and liabilities of the su\ bsidiary in the acquisition )Tj 0 Tw 0 -1.273 Td (are measured at their acquisition-date fair values.)Tj 0.088 Tw 0 -2.545 Td [(The excess of )0.5 (the cost of acquisition )0.5 (over the Company\222s )0.5 (share of the net fair value of the )]TJ 0.02 Tc 0.092 Tw 0 -1.273 Td [(subsidiary\222s identifiable assets and liabilities is recorded as goodw\ ill. Any excess of the)20 ( )]TJ 0 Tc 0.042 Tw 0 -1.273 Td (Company\222s share of the net fair value of the identifiable assets and \ liabilities over the cost of )Tj 0 Tw 0 -1.273 Td (acquisition is recognised in consolidated profit or loss as a gain on ba\ rgain purchase which is )Tj 0 -1.273 Td (attributed to the Company.)Tj 0.034 Tc 0.091 Tw 0 -2.545 Td [(Goodwill is tested annually for impairment or more frequently if events \ or changes in)34 ( )]TJ 0.04 Tc 0.092 Tw 0 -1.273 Td [(circumstances indicate that it might be impaired. Goodwill is measured a\ t cost less)40.1 ( )]TJ 0 Tc 0.074 Tw 0 -1.273 Td [(accumulated )0.5 (impairment )0.5 (losses. )0.5 (The )0.5 (method of )0.5 (measuring )0.5 (impairment losses of goodwill is )]TJ 0.014 Tw 0 -1.273 Td (the same as that of other assets as stated in the accounting policy belo\ w. Impairment losses )Tj 0.063 Tw 0 -1.273 Td (of goodwill are recognised in consolidated profit or loss and are not su\ bsequently reversed. )Tj 0.008 Tw 0 -1.273 Td (Goodwill is allocated to cash-generating units that are expected to bene\ fit from the synergies )Tj 0 Tw 0 -1.273 Td (of the acquisition for the purpose of impairment testing.)Tj 0.009 Tc 0.092 Tw 0 -2.545 Td [(The non-controlling interests in the subsidiary are initially measured a\ t the non-controlling)9.1 ( )]TJ 0 Tc 0.087 Tw 0 -1.273 Td (shareholders\222 proportionate share of the net fair value of the subsid\ iary\222s identifiable assets )Tj 0 Tw 0 -1.273 Td (and liabilities at the acquisition date.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Foreign currency translation)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (\(i\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Functional and presentation currency)Tj /T1_0 1 Tf 0.019 Tw 0 -1.273 Td (Items included in the financial statements of each of the Group\222s ent\ ities are measured )Tj -0.009 Tc 0 Tw 0 -1.273 Td [(using the currency of the primary economic environment in which the enti\ ty operates \(the)-9 ( )]TJ 0 Tc 0 -1.273 Td (\223)Tj /T1_1 1 Tf 0.067 Tw (functional currency)Tj /T1_0 1 Tf (\224\). The consolidated financial statements are presented in HKD, )Tj 0 Tw 0 -1.273 Td (which is the Company\222s functional and presentation currency.)Tj /T1_3 1 Tf -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Transactions and balances in each entity\222s financial statements)Tj /T1_0 1 Tf 0.002 Tc 0.091 Tw 0 -1.273 Td [(Transactions in foreign currencies are translated into the functional cu\ rrency on initial)2.1 ( )]TJ 0.012 Tc 0.092 Tw 0 -1.273 Td [(recognition using the exchange rates prevailing on the transaction dates\ . Monetary)12 ( )]TJ 0.004 Tc 0.091 Tw 0 -1.273 Td [(assets and liabilities in foreign cur)0.5 (rencies are tran)0.5 (slated at th)0.5 (e exchange r)0.5 (ates)0.5 ( at the)4 ( )]TJ 0 Tc 0.018 Tw 0 -1.273 Td (end of each reporting period. Gains and losses resulting from this trans\ lation policy are )Tj 0 Tw 0 -1.273 Td (recognised in profit or loss.)Tj ET endstream endobj 226 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (58)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Consolidation)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.085 Tw 0 -1.273 Td (The consolidated financial statements include the financial statements o\ f the Company and )Tj 0.016 Tc 0.091 Tw 0 -1.273 Td [(i)0.5 (ts)0.5 ( s)0.5 (ub)0.5 (si)0.5 (di)0.5 (ar)0.5 (i)0.5 (es)0.5 ( ma)0.5 (d)0.5 (e u)0.5 (p)0.5 ( to)0.5 ( 30)0.5 ( Ju)0.5 (n)0.5 (e.)0.5 ( Su)0.5 (b)0.5 (si)0.5 (di)0.5 (a)0.5 (ri)0.5 (es)0.5 ( ar)0.5 (e)0.5 ( en)0.5 (ti)0.5 (t)0.5 (ie)0.5 (s o)0.5 (ve)0.5 (r wh)0.5 (ic)0.5 (h th)0.5 (e G)0.5 (r)0.5 (ou)0.5 (p h)0.5 (a)0.5 (s)16 ( )]TJ 0.004 Tc 0.092 Tw 0 -1.273 Td [(control. The Group controls an entity when it is exposed, or has rights,\ to variable returns)4 ( )]TJ 0.013 Tc 0.091 Tw 0 -1.273 Td [(f)0.5 (r)0.5 (o)0.5 (m)0.5 ( i)0.5 (t)0.5 (s)0.5 ( i)0.5 (n)0.5 (v)0.5 (o)0.5 (l)0.5 (v)0.5 (e)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.5 ( w)0.6 (it)0.5 (h)0.6 ( t)0.5 (h)0.5 (e)0.5 ( e)0.5 (n)0.5 (t)0.5 (i)0.5 (t)0.5 (y)0.5 ( a)0.5 (n)0.5 (d)0.5 ( h)0.5 (a)0.5 (s)0.5 ( t)0.5 (h)0.6 (e)0.5 ( a)0.5 (b)0.5 (i)0.5 (l)0.5 (i)0.5 (t)0.5 (y)0.5 ( t)0.5 (o)0.5 ( a)0.5 (f)0.5 (f)0.5 (e)0.5 (c)0.5 (t)0.5 ( t)0.5 (h)0.6 (o)0.5 (s)0.5 (e)0.5 ( r)0.5 (e)0.5 (t)0.5 (u)0.5 (r)0.5 (n)0.5 (s)0.5 ( t)0.5 (h)0.5 (r)0.5 (o)0.5 (u)0.5 (g)0.5 (h)0.5 ( i)0.5 (t)0.5 (s)13.1 ( )]TJ 0.011 Tc 0.092 Tw 0 -1.273 Td [(power over the entity. The Group has power over an entity when the Group\ has existing)11 ( )]TJ 0.035 Tc 0 -1.273 Td [(rights that give it the current ability to direct the relevant activitie\ s, i.e. activities that)35 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (significantly affect the entity\222s returns.)Tj 0.092 Tw 0 -2.545 Td (When assessing control, the Group considers its potential voting rights \ as well as potential )Tj -0.001 Tc 0 Tw 0 -1.273 Td [(voting rights held by other parties, to determine whether it has control\ . A potential voting right)-1 ( )]TJ 0 Tc 0 -1.273 Td (is considered only if the holder has the practical ability to exercise t\ hat right.)Tj 0.009 Tc 0.092 Tw 0 -2.545 Td [(Subsidiaries )0.5 (are consolidated from the date on which control )0.5 (is transferred to the Group.)9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (They are de-consolidated from the date the control ceases.)Tj 0.011 Tc 0.091 Tw 0 -2.545 Td [(Intragroup transactions, balances)0.5 ( and unrealised profits ar)0.5 (e eliminated. Un)0.5 (realised losses)11 ( )]TJ 0.002 Tc 0.092 Tw 0 -1.273 Td [(are also eliminated unless the transaction provides evidence of an impai\ rment of the asset)2 ( )]TJ 0.019 Tc 0 -1.273 Td [(transferred. Accounting policies of subsidiaries have been changed where\ necessary to)19 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (ensure consistency with the policies adopted by the Group.)Tj 0.02 Tc 0.092 Tw 0 -2.545 Td [(Non-controlling interests represent the equity in subsidiaries not attri\ butable, directly or)20 ( )]TJ 0.024 Tc 0.091 Tw 0 -1.273 Td [(indirectly, to the Company. Non-controlling interests are presented in t\ he consolidated)24 ( )]TJ 0 Tc 0.012 Tw 0 -1.273 Td (statement of financial position and consolidated statement of changes in\ equity within equity. )Tj 0.006 Tc 0.092 Tw 0 -1.273 Td [(Non-controlling )0.5 (interests )0.5 (are presented )0.5 (in )0.5 (the )0.5 (consolidated statement )0.5 (of )0.5 (profit or )0.5 (loss )0.5 (and)6 ( )]TJ 0.022 Tc 0 -1.273 Td [(other comprehensive income as an allocation of profit or loss and total \ comprehensive)22 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (income for the year between the non-controlling shareholders and owners \ of the Company.)Tj 0.015 Tc 0.092 Tw 0 -2.545 Td [(Profit or loss and each component of other comprehensive income are attr\ ibuted to the)15.1 ( )]TJ 0.007 Tc 0 -1.273 Td [(owners of )0.5 (the Company )0.5 (and )0.5 (to )0.5 (the )0.5 (non-controlling )0.5 (shareholders even if )0.5 (this )0.5 (results in )0.5 (the)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (non-controlling interests having a deficit balance.)Tj 0.011 Tc 0.092 Tw 0 -2.545 Td [(Changes )0.5 (in )0.5 (the )0.5 (Company\222s )0.6 (ownership )0.5 (interest )0.5 (in )0.5 (a )0.5 (subsidiary )0.5 (that )0.6 (do )0.6 (not )0.5 (result )0.6 (in )0.6 (a )0.5 (loss)11 ( )]TJ 0.014 Tc 0 -1.273 Td [(of control are accounted for as equity transactions \(i.e. transactions \ with owners in their)14 ( )]TJ 0.006 Tc 0 -1.273 Td [(capacity as owners\). The carrying amounts of the controlling and non-co\ ntrolling interests)6 ( )]TJ 0 Tc 0.059 Tw 0 -1.273 Td (are adjusted to reflect the changes in their relative interests in the s\ ubsidiary. Any difference )Tj 0.004 Tc 0.091 Tw 0 -1.273 Td [(between the amount by which the non-controlling interest)0.5 (s are adjuste)0.5 (d and)0.5 ( the fair value)4 ( )]TJ 0.008 Tc 0.092 Tw 0 -1.273 Td [(of the consideration paid or received is recognised directly in equity a\ nd attributed to the)8 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (owners of the Company.)Tj ET endstream endobj 223 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (57)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (GENERAL INFORMATION)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.023 Tc 0.092 Tw 0 -1.227 Td (PINE Technology Holdings Limited \(the \223)Tj /T1_1 1 Tf -0.023 Tw (Company)Tj /T1_0 1 Tf 0.092 Tw [(\224\) is incorporated in Bermuda as an)23 ( )]TJ -0.001 Tc 0 Tw 0 -1.227 Td [(exempted company with limited liability under the Companies Law of Bermu\ da and its shares)-1 ( )]TJ 0.018 Tc 0.092 Tw 0 -1.227 Td [(are )0.5 (listed and traded )0.5 (on )0.5 (the )0.5 (Main Board )0.5 (of )0.5 (The Stock )0.5 (Exchange of Hong )0.5 (Kong Limited)18 ( )]TJ 0 Tc 0.085 Tw 0 -1.227 Td (\(the \223)Tj /T1_1 1 Tf (Stock Exchange)Tj /T1_0 1 Tf (\224\). The Company and its subsidiaries are together referred to as the\ )Tj 0.016 Tw 0 -1.227 Td (\223Group\224. The address of the registered office is Clarendon House, \ 2 Church Street, Hamilton )Tj 0 Tw 0 -1.227 Td (HM 11, Bermuda. The address of the Company\222s principal place of busin\ ess in Unit B, 12/F., )Tj 0 -1.227 Td (Central 88, 88\22698 Des Voeux Road Central, Central, Hong Kong.)Tj 0.044 Tw 0 -2.455 Td (The principal activities of the Group are the manufacture and sales of m\ arket video graphics )Tj 0.042 Tw 0 -1.227 Td (cards and other computer components under the Group\222s brand name, dis\ tribution of other )Tj -0.001 Tc 0 Tw 0 -1.227 Td [(manufacturers\222 computer components and consumer electronic products a\ nd others, trading)-1.1 ( )]TJ 0.005 Tc 0.091 Tw 0 -1.227 Td [(b)0.5 (u)0.6 (s)0.5 (i)0.5 (n)0.6 (e)0.5 (s)0.5 (s)0.6 (,)0.5 ( a)0.5 (n)0.5 (d)0.6 ( t)0.6 (h)0.5 (e)0.5 ( p)0.5 (r)0.6 (o)0.5 (v)0.5 (i)0.5 (s)0.6 (i)0.5 (o)0.5 (n)0.5 ( o)0.6 (f)0.5 ( c)0.5 (o)0.5 (m)0.6 (p)0.5 (u)0.5 (t)0.6 (e)0.5 (r)0.5 ( s)0.5 (o)0.6 (f)0.5 (t)0.5 (w)0.5 (a)0.6 (r)0.5 (e)0.5 ( a)0.5 (n)0.6 (d)0.5 ( h)0.5 (a)0.5 (r)0.6 (d)0.5 (w)0.5 (a)0.6 (r)0.5 (e)0.5 ( a)0.5 (n)0.6 (d)0.5 ( s)0.5 (y)0.5 (s)0.6 (t)0.5 (e)0.5 (m)0.5 ( d)0.6 (e)0.5 (v)0.5 (e)0.5 (l)0.6 (o)0.5 (p)0.5 (m)0.5 (e)0.6 (n)0.5 (t)5 ( )]TJ 0 Tc 0 Tw 0 -1.227 Td (service. The Company is an investment holding company.)Tj 0.003 Tc 0.092 Tw 0 -2.455 Td [(The )0.5 (consolidated )0.5 (financial )0.5 (statements )0.5 (are )0.5 (presented )0.5 (in )0.5 (Hong )0.5 (Kong )0.5 (Dollars )0.5 (\(\223)]TJ /T1_1 1 Tf -0.003 Tw (HKD)Tj /T1_0 1 Tf 0.092 Tw [(\224\) )0.5 (and )0.5 (all)3 ( )]TJ 0 Tc 0 Tw 0 -1.227 Td (values are rounded to the nearest thousand except when otherwise indicat\ ed.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.455 Td (2.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (ADOPTION OF NEW AND REVISED HONG KONG FINANCIAL REPORTING )Tj 0 -1.227 Td (STANDARDS \(\223HKFRSs\224\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.092 Tw 0 -1.227 Td (In the current year, the Group has adopted all the new and revised HKFRS\ s issued by the )Tj 0.001 Tc 0 -1.227 Td (Hong Kong Institute of Certified Public Accountants \(the \223)Tj /T1_1 1 Tf -0.001 Tw (HKICPA)Tj /T1_0 1 Tf 0.092 Tw [(\224\) that are relevant to its)1 ( )]TJ 0 Tc 0.039 Tw 0 -1.227 Td (operations and effective for its accounting year beginning on 1 July 202\ 3 for the preparation )Tj 0.007 Tc 0.092 Tw 0 -1.227 Td [(of the consolidated financial statements. The adoption of these new and \ revised HKFRSs)7 ( )]TJ 0.002 Tc 0 -1.227 Td [(in the current year did not result in significant changes to the Group\222\ s accounting policies,)2 ( )]TJ 0 Tc 0.058 Tw 0 -1.227 Td (presentation of the Group\222s consolidated financial statements and amo\ unts reported for the )Tj 0 Tw 0 -1.227 Td (current and prior years.)Tj 0.014 Tw 0 -2.455 Td (The Group has not early applied the new and revised HKFRSs that have bee\ n issued but are )Tj 0.052 Tw 0 -1.227 Td (not yet effective. The Group has already commenced an assessment of the \ impact of these )Tj 0.027 Tw 0 -1.227 Td (new and revised HKFRSs but is not yet in a position to state whether the\ se new and revised )Tj 0 Tw 0 -1.227 Td (HKFRSs would have a material impact on its results of operations and fin\ ancial position.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.455 Td (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (MATERIAL ACCOUNTING POLICIES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.007 Tc 0.092 Tw 0 -1.227 Td [(These consolidated financial statements have been prepared in accordance\ with HKFRSs)7 ( )]TJ 0.018 Tc 0 -1.227 Td [(issued by the HKICPA, accounting principles generally accepted in Hong K\ ong and the)18.1 ( )]TJ 0 Tc 0.026 Tw 0 -1.227 Td (applicable disclosures required by the Rules Governing the Listing of Se\ curities on the Stock )Tj 0 Tw 0 -1.227 Td (Exchange and by the Hong Kong Companies Ordinance.)Tj 0.052 Tc 0.091 Tw 0 -2.455 Td [(Th)0.5 (e)0.5 (se)0.5 ( co)0.5 (n)0.5 (so)0.5 (li)0.5 (da)0.5 (t)0.5 (ed)0.5 ( fi)0.5 (n)0.5 (an)0.5 (ci)0.5 (al)0.5 ( s)0.5 (ta)0.5 (te)0.5 (m)0.5 (en)0.5 (ts)0.5 ( h)0.5 (av)0.5 (e b)0.5 (e)0.5 (en)0.5 ( p)0.5 (re)0.5 (pa)0.5 (r)0.5 (ed)0.5 ( un)0.5 (d)0.5 (er)0.5 ( h)0.5 (is)0.5 (to)0.5 (ri)0.5 (c)0.5 (al)0.5 ( co)0.5 (s)0.5 (t)51.9 ( )]TJ 0 Tc 0.045 Tw 0 -1.227 Td (convention. The preparation of consolidated financial statements in conf\ ormity with HKFRSs )Tj 0.001 Tc 0.092 Tw 0 -1.227 Td [(requires the use of certain key assumptions and estimates. It also requi\ res the directors of)1 ( )]TJ 0.011 Tc 0 -1.227 Td [(the )0.5 (Company \(the \223)]TJ /T1_1 1 Tf -0.011 Tw (Directors)Tj /T1_0 1 Tf 0.092 Tw [(\224\) )0.5 (to exercise )0.5 (its judgements in the process of )0.5 (applying the)11 ( )]TJ 0.006 Tc 0 -1.227 Td [(accounting policies. 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204.094 497.992 42.52 -3 re 246.614 497.992 42.52 -3 re 289.134 497.992 42.52 -3 re 331.654 497.992 42.52 -3 re 374.173 497.992 42.52 -3 re 416.693 497.992 42.52 -3 re 459.213 497.992 42.52 -3 re 501.732 497.992 42.52 -3 re 161.575 494.992 42.52 -13 re 204.094 494.992 42.52 -13 re 246.614 494.992 42.52 -13 re 289.134 494.992 42.52 -13 re 331.654 494.992 42.52 -13 re 374.173 494.992 42.52 -13 re 416.693 494.992 42.52 -13 re 459.213 494.992 42.52 -13 re 501.732 494.992 42.52 -13 re 161.575 481.992 42.52 -13 re 204.094 481.992 42.52 -13 re 246.614 481.992 42.52 -13 re 289.134 481.992 42.52 -13 re 331.654 481.992 42.52 -13 re 374.173 481.992 42.52 -13 re 416.693 481.992 42.52 -13 re 459.213 481.992 42.52 -13 re 501.732 481.992 42.52 -13 re f /CS0 cs 0.3 scn /Perceptual ri 161.575 464.73 42.52 -13 re 204.094 464.73 42.52 -13 re 246.614 464.73 42.52 -13 re 289.134 464.73 42.52 -13 re 331.654 464.73 42.52 -13 re 374.173 464.73 42.52 -13 re 416.693 464.73 42.52 -13 re 459.213 464.73 42.52 -13 re 501.732 464.73 42.52 -13 re 161.575 451.73 42.52 -13 re 204.094 451.73 42.52 -13 re 246.614 451.73 42.52 -13 re 289.134 451.73 42.52 -13 re 331.654 451.73 42.52 -13 re 374.173 451.73 42.52 -13 re 416.693 451.73 42.52 -13 re 459.213 451.73 42.52 -13 re 501.732 451.73 42.52 -13 re 161.575 438.73 42.52 -13 re 204.094 438.73 42.52 -13 re 246.614 438.73 42.52 -13 re 289.134 438.73 42.52 -13 re 331.654 438.73 42.52 -13 re 374.173 438.73 42.52 -13 re 416.693 438.73 42.52 -13 re 459.213 438.73 42.52 -13 re 501.732 438.73 42.52 -13 re 161.575 425.73 42.52 -26 re 204.094 425.73 42.52 -26 re 246.614 425.73 42.52 -26 re 289.134 425.73 42.52 -26 re 331.654 425.73 42.52 -26 re 374.173 425.73 42.52 -26 re 416.693 425.73 42.52 -26 re 459.213 425.73 42.52 -26 re 501.732 425.73 42.52 -26 re 161.575 399.73 42.52 -3 re 204.094 399.73 42.52 -3 re 246.614 399.73 42.52 -3 re 289.134 399.73 42.52 -3 re 331.654 399.73 42.52 -3 re 374.173 399.73 42.52 -3 re 416.693 399.73 42.52 -3 re 459.213 399.73 42.52 -3 re 501.732 399.73 42.52 -3 re 161.575 396.73 42.52 -13 re 204.094 396.73 42.52 -13 re 246.614 396.73 42.52 -13 re 289.134 396.73 42.52 -13 re 331.654 396.73 42.52 -13 re 374.173 396.73 42.52 -13 re 416.693 396.73 42.52 -13 re 459.213 396.73 42.52 -13 re 501.732 396.73 42.52 -13 re 161.575 383.73 42.52 -26 re 204.094 383.73 42.52 -26 re 246.614 383.73 42.52 -26 re 289.134 383.73 42.52 -26 re 331.654 383.73 42.52 -26 re 374.173 383.73 42.52 -26 re 416.693 383.73 42.52 -26 re 459.213 383.73 42.52 -26 re 501.732 383.73 42.52 -26 re 161.575 357.73 42.52 -39 re 204.094 357.73 42.52 -39 re 246.614 357.73 42.52 -39 re 289.134 357.73 42.52 -39 re 331.654 357.73 42.52 -39 re 374.173 357.73 42.52 -39 re 416.693 357.73 42.52 -39 re 459.213 357.73 42.52 -39 re 501.732 357.73 42.52 -39 re 161.575 318.73 42.52 -13 re 204.094 318.73 42.52 -13 re 246.614 318.73 42.52 -13 re 289.134 318.73 42.52 -13 re 331.654 318.73 42.52 -13 re 374.173 318.73 42.52 -13 re 416.693 318.73 42.52 -13 re 459.213 318.73 42.52 -13 re 501.732 318.73 42.52 -13 re 161.575 305.73 42.52 -3 re 204.094 305.73 42.52 -3 re 246.614 305.73 42.52 -3 re 289.134 305.73 42.52 -3 re 331.654 305.73 42.52 -3 re 374.173 305.73 42.52 -3 re 416.693 305.73 42.52 -3 re 459.213 305.73 42.52 -3 re 501.732 305.73 42.52 -3 re 161.575 302.73 42.52 -13 re 204.094 302.73 42.52 -13 re 246.614 302.73 42.52 -13 re 289.134 302.73 42.52 -13 re 331.654 302.73 42.52 -13 re 374.173 302.73 42.52 -13 re 416.693 302.73 42.52 -13 re 459.213 302.73 42.52 -13 re 501.732 302.73 42.52 -13 re 161.575 289.73 42.52 -13 re 204.094 289.73 42.52 -13 re 246.614 289.73 42.52 -13 re 289.134 289.73 42.52 -13 re 331.654 289.73 42.52 -13 re 374.173 289.73 42.52 -13 re 416.693 289.73 42.52 -13 re 459.213 289.73 42.52 -13 re 501.732 289.73 42.52 -13 re 161.575 276.73 42.52 -4.262 re 204.094 276.73 42.52 -4.262 re 246.614 276.73 42.52 -4.262 re 289.134 276.73 42.52 -4.262 re 331.654 276.73 42.52 -4.262 re 374.173 276.73 42.52 -4.262 re 416.693 276.73 42.52 -4.262 re 459.213 276.73 42.52 -4.262 re 501.732 276.73 42.52 -4.262 re f BT /CS2 cs 0 0 0 0 scn /T1_1 1 Tf 5.5 0 0 10 259.525 694.5267 Tm (Attributable to owners of the Company)Tj ET /CS1 CS 0.3 1 SCN 0.5 w q 1 0 0 1 161.5748 690.0768 cm 0 0 m 297.638 0 l S Q BT 5.5 0 0 10 183.1409 652.5267 Tm (Share )Tj -0.422 -1.3 Td (capital )Tj 8.153 1.3 Td (Share )Tj -1.458 -1.3 Td (premium)Tj 8.338 1.3 Td (Surplus )Tj -0.241 -1.3 Td (account)Tj 7.973 3.9 Td (Foreign )Tj -0.576 -1.3 Td (currency )Tj -0.886 -1.3 Td (translation )Tj 1.534 -1.3 Td (reserve)Tj 8.509 2.6 Td (Share )Tj -0.794 -1.3 Td (options )Tj 0.016 -1.3 Td (reserve)Tj 4.994 1.3 Td (Accumulated )Tj 3.24 -1.3 Td (losses )Tj 6.378 0 Td (Sub-total)Tj 9.786 2.6 Td (Non-)Tj -2.756 -1.3 Td (controlling )Tj 0.942 -1.3 Td (interests)Tj 9.491 1.3 Td (Total)Tj -0.501 -1.3 Td (equity )Tj /T1_0 1 Tf -63.072 -1.3 Td ( HK$'000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj 7.731 0 Td ( HK$\222000 )Tj -44.81 -1.3 Td (\(Note\))Tj 0 0 0 1 scn /GS1 gs /T1_1 1 Tf -34.036 -1.983 Td (Balance at 1 July 2022 )Tj /T1_0 1 Tf 17.517 0 Td (132,670)Tj 7.731 0 Td (454,068)Tj 8.287 0 Td (22,755)Tj 9.121 0 Td (616)Tj 6.341 0 Td (19,000)Tj 6.934 0 Td (\(487,206\))Tj 7.972 0 Td (141,903)Tj 8.287 0 Td (51,833)Tj 7.175 0 Td (193,736)Tj -79.364 -1.3 Td (Loss for the year)Tj 20.631 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 4.376 0 Td (\(103,225\))Tj 7.731 0 Td (\(103,225\))Tj 8.843 0 Td (\(4,364\))Tj 6.619 0 Td (\(107,589\))Tj -79.123 -1.3 Td (Other comprehensive )Tj ( )Tj 1.546 -1.3 Td (\(expense\)/income for the year)Tj 19.085 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.488 0 Td (\(2,401\))Tj 9.974 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.488 0 Td (\(2,401\))Tj 8.806 0 Td (145)Tj 6.656 0 Td (\(2,256\))Tj ET /GS0 gs q 1 0 0 1 76.5354 550.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 161.5748 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 204.0945 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6141 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 331.6535 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 374.1732 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 416.6929 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 459.2126 550.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 501.7323 550.2424 cm 0 0 m 36.85 0 l S Q BT /GS1 gs 5.5 0 0 10 82.2047 525.6924 Tm (Total comprehensive expense )Tj 1.546 -1.3 Td (for the year)Tj 19.085 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.488 0 Td (\(2,401\))Tj 9.974 0 Td (\226)Tj 4.376 0 Td (\(103,225\))Tj 7.731 0 Td (\(105,626\))Tj 8.843 0 Td (\(4,219\))Tj 6.619 0 Td (\(109,845\))Tj -79.123 -1.3 Td (Disposal of subsidiaries \(Note 32\))Tj 20.631 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.729 0 Td (1,493)Tj 7.731 0 Td (1,493)Tj ET /GS0 gs q 1 0 0 1 76.5354 495.2424 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 161.5748 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 204.0945 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6141 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 331.6535 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 374.1732 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 416.6929 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 459.2126 495.2424 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 501.7323 495.2424 cm 0 0 m 36.85 0 l S Q BT /GS1 gs /T1_1 1 Tf 5.5 0 0 10 82.2047 470.6924 Tm (Balance at 30 June 2023)Tj /T1_0 1 Tf 17.517 0 Td (132,670)Tj 7.731 0 Td (454,068)Tj 8.287 0 Td (22,755)Tj 8.046 0 Td (\(1,785\))Tj 7.416 0 Td (19,000)Tj 6.934 0 Td (\(590,431\))Tj 8.528 0 Td (36,277)Tj 7.731 0 Td (49,107)Tj 7.731 0 Td (85,384)Tj ET 2 w /GS0 gs q 1 0 0 1 76.5354 465.7305 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 161.5748 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 204.0945 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6142 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 331.6535 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 374.1732 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 416.6929 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 459.2126 465.7305 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 501.7323 465.7305 cm 0 0 m 42.52 0 l S Q BT /GS1 gs /T1_1 1 Tf 5.5 0 0 10 82.2047 440.4305 Tm (Balance at 1 July 2023 )Tj /CS1 cs 0.3 1 scn /GS0 gs 17.517 0 Td (132,670)Tj 7.731 0 Td (454,068)Tj 8.287 0 Td (22,755)Tj 7.991 0 Td (\(1,785\))Tj 7.471 0 Td (19,000)Tj 6.879 0 Td (\(590,431\))Tj 8.583 0 Td (36,277)Tj 7.731 0 Td (49,107)Tj 7.731 0 Td (85,384)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -79.92 -1.3 Td (Profit for the year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.631 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.173 0 Td (45,641)Tj 7.731 0 Td (45,641)Tj 8.825 0 Td (\(622\))Tj 6.637 0 Td (45,019)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -79.92 -1.3 Td (Other comprehensive )Tj ( )Tj 1.546 -1.3 Td (income/\(expense\) for the year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.085 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.729 0 Td (1,738)Tj 9.733 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.729 0 Td (1,738)Tj 8.825 0 Td (\(15\))Tj 6.637 0 Td (1,723)Tj ET 0.5 w q 1 0 0 1 76.5354 396.9805 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 161.5748 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 204.0945 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6141 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 331.6535 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 374.1732 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 416.6929 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 459.2126 396.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 501.7323 396.9805 cm 0 0 m 36.85 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 5.5 0 0 10 82.2047 372.4305 Tm (Total comprehensive income/)Tj 1.546 -1.3 Td (\(expense\) for the year)Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.085 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.729 0 Td (1,738)Tj 9.733 0 Td (\226)Tj 5.173 0 Td (45,641)Tj 7.731 0 Td (47,379)Tj 8.825 0 Td (\(637\))Tj 6.637 0 Td (46,742)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -79.92 -1.3 Td (Capital contribution by )Tj ( )Tj 1.546 -1.3 Td (non-controlling interests )Tj ( )Tj 0 -1.3 Td (of a subsidiary \(Note 18\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 19.085 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 5.729 0 Td (2,734)Tj 7.731 0 Td (2,734)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -80.476 -1.3 Td (Disposal of subsidiaries \(Note 32\))Tj /CS1 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 20.631 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 7.731 0 Td (\226)Tj 4.877 0 Td (\(48,471\))Tj 7.731 0 Td (\(48,471\))Tj ET q 1 0 0 1 76.5354 302.9805 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 161.5747 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 204.0944 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6141 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1338 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 331.6535 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 374.1732 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 416.6928 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 459.2125 302.9805 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 501.7322 302.9805 cm 0 0 m 36.85 0 l S Q BT /CS2 cs 0 0 0 1 scn /GS1 gs 5.5 0 0 10 82.2046 278.4305 Tm (Balance at 30 June 2024)Tj /CS1 cs 0.3 1 scn /GS0 gs 17.517 0 Td (132,670)Tj 7.731 0 Td (454,068)Tj 8.287 0 Td (22,755)Tj 9.381 0 Td (\(47\))Tj 6.081 0 Td (19,000)Tj 6.879 0 Td (\(544,790\))Tj 8.583 0 Td (83,656)Tj 8.287 0 Td (2,733)Tj 7.175 0 Td (86,389)Tj ET 2 w q 1 0 0 1 76.5354 273.4685 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 161.5747 273.4685 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 204.0944 273.4685 cm 0 0 m 42.52 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Td (105, which comprise the consolidated statement of financial position as \ at 30 June 2024, and the )Tj 0.042 Tw 0 -1.273 Td [(consolidated )0.5 (statement )0.5 (of )0.5 (profit )0.5 (or loss )0.5 (and other )0.5 (comprehensive )0.5 (income, consolidated statement )]TJ 0.035 Tw 0 -1.273 Td (of changes in equity and consolidated statement of cash flows for the ye\ ar then ended, and notes )Tj 0 Tw 0 -1.273 Td (to the consolidated financial statements, including material accounting \ policy information.)Tj 0.087 Tw 0 -2.545 Td (In our opinion, the consolidated financial statements give a true and fa\ ir view of the consolidated )Tj 0 -1.273 Td (financial position of the Group as at 30 June 2024, and of its consolida\ ted financial performance )Tj 0.046 Tc 0.092 Tw 0 -1.273 Td [(and its consolidated cash flows for the year then ended in accordance wi\ th Hong Kong)46 ( )]TJ 0.004 Tc 0.091 Tw 0 -1.273 Td (Financial Reporting Standards \(\223)Tj /T1_2 1 Tf -0.004 Tw (HKFRSs)Tj /T1_0 1 Tf 0.091 Tw [(\224\) issued by the Hong Kong Institute of Certified Public)3.9 ( )]TJ 0 Tc 0.081 Tw 0 -1.273 Td (Accountants \(the \223)Tj /T1_2 1 Tf 0 Tw (HKICPA)Tj /T1_0 1 Tf 0.081 Tw (\224\) and have been properly prepared in compliance with the disclosure\ )Tj 0 Tw 0 -1.273 Td (requirements of the Hong Kong Companies Ordinance.)Tj /CS0 cs 1 scn /GS0 gs /T1_2 1 Tf 0 -2.545 Td (BASIS FOR OPINION)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.056 Tw 0 -1.273 Td (We conducted our audit in accordance with Hong Kong Standards on Auditin\ g \(\223)Tj /T1_2 1 Tf 0 Tw (HKSAs)Tj /T1_0 1 Tf 0.056 Tw (\224\) issued )Tj 0.002 Tc 0.092 Tw 0 -1.273 Td [(by )0.5 (the HKICPA. 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Abstract geometry frame and Art deco pattern background. Use for wedding invitation, cover, VIP card, print, poster and wallpaper. 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8.962 0 Td (Long)Tj 10.215 0 Td (19.60%)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 76.5354 258.9802 cm 0 0 m 124.724 0 l S Q q 1 0 0 1 201.2598 258.9802 cm 0 0 m 87.874 0 l S Q q 1 0 0 1 289.1338 258.9802 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 374.1732 258.9802 cm 0 0 m 85.039 0 l S Q q 1 0 0 1 459.2125 258.9802 cm 0 0 m 85.039 0 l S Q BT /GS1 gs 10 0 0 10 76.5354 236.4301 Tm (Note:)Tj 0.075 Tw 0 -2.4 Td (1.)Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (Sage Global beneficially owns 454,163,680 Shares. Sage Global is wholly \ and beneficially owned by )Tj 0.059 Tw 0 -1.2 Td (South Pearl. South Pearl is in turn wholly and beneficially owned by Mr.\ Zhang Sanhuo, an executive )Tj 0 Tw 0 -1.2 Td (Director, the Chairman and Chief Executive Officer.)Tj 0.008 Tc 0.092 Tw 11 0 0 11 76.5354 161.6001 Tm [(Save as disclosed above, the Company has not been notified of any other \ relevant interests or)8 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (short positions in the issued share capital of the Company as at 30 June\ 2024.)Tj ET endstream endobj 388 0 obj <> endobj 385 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (43)Tj ET /CS1 cs 0.18 0.6 scn 51.024 680.827 45.354 -12 re 96.378 680.827 45.354 -12 re 141.732 680.827 36.85 -12 re 178.583 680.827 42.52 -12 re 221.102 680.827 42.52 -12 re 263.622 680.827 34.016 -12 re 297.638 680.827 221.102 -12 re 51.024 668.827 45.354 -3 re 96.378 668.827 45.354 -3 re 141.732 668.827 36.85 -3 re 178.583 668.827 42.52 -3 re 221.102 668.827 42.52 -3 re 263.622 668.827 34.016 -3 re 297.638 668.827 221.102 -3 re 51.024 665.827 45.354 -50.835 re 96.378 665.827 45.354 -50.835 re 141.732 665.827 36.85 -50.835 re 178.583 665.827 42.52 -50.835 re 221.102 665.827 42.52 -50.835 re 263.622 665.827 34.016 -50.835 re 297.638 665.827 36.85 -50.835 re 334.488 665.827 36.85 -50.835 re 371.339 665.827 36.85 -50.835 re 408.189 665.827 36.85 -50.835 re 445.039 665.827 36.85 -50.835 re 481.89 665.827 36.85 -50.835 re f BT /CS2 cs 0 0 0 0 scn /T1_1 1 Tf 6 0 0 10 372.6935 670.5267 Tm (Number of share options)Tj ET /CS1 CS 0.3 1 SCN 0.5 w q 1 0 0 1 297.6378 666.0768 cm 0 0 m 221.102 0 l S Q BT 6 0 0 0.1 297.6378 667.5267 Tm ( )Tj 6 0 0 10 56.6929 619.5267 Tm (Grantee)Tj 6.614 2.4 Td (Position\(s\) )Tj 0 -1.2 Td (held in the )Tj 0 -1.2 Td (Company)Tj 7.559 1.2 Td (Date of )Tj 0 -1.2 Td (grant)Tj 6.142 3.6 Td (Validity )Tj 0 -1.2 Td (period )Tj 0 -1.2 Td (\(both dates )Tj 0 -1.2 Td (inclusive\))Tj 7.087 3.6 Td (Exercisable )Tj 0 -1.2 Td (period )Tj 0 -1.2 Td (\(both dates )Tj 0 -1.2 Td (inclusive\))Tj 7.72 1.2 Td (Exercise )Tj -0.633 -1.2 Td (price HK$)Tj 7.015 3.6 Td (Balance )Tj 1.536 -1.2 Td (as at )Tj -0.445 -1.2 Td (1 July )Tj 0.536 -1.2 Td (2023)Tj 4.514 2.4 Td (Granted )Tj 0.797 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 5.441 2.4 Td (Exercised )Tj 1.647 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 5.386 2.4 Td (Cancelled )Tj 1.702 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 6.643 2.4 Td (Lapsed )Tj 0.445 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 6.292 3.6 Td (Balance )Tj 1.536 -1.2 Td (as at )Tj -1.391 -1.2 Td (30 June )Tj 1.482 -1.2 Td (2024)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -73.839 -1.783 Td (Other )Tj 1.323 -1.2 Td (grantees)Tj 5.291 1.2 Td (Consultants)Tj 7.559 0 Td (12.12.2018 )Tj 6.142 0 Td (12.12.2018 to )Tj 1.332 -1.2 Td (11.12.2028)Tj 5.754 1.2 Td (50%)Tj 0 -1.2 Td (12.12.2018 to )Tj 0 -1.2 Td (11.12.2028; )Tj 0 -1.2 Td (and 50% )Tj 0 -1.2 Td (12.12.2019 to )Tj 0 -1.2 Td (11.12.2028)Tj 9.865 6 Td (0.46)Tj 3.084 0 Td (36,520,000)Tj 10.646 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 1.638 0 Td (36,520,000)Tj ET /GS0 gs q 1 0 0 1 51.0237 537.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 96.378 537.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 141.7323 537.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 178.5827 537.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 221.1024 537.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 263.6221 537.2422 cm 0 0 m 34.016 0 l S Q q 1 0 0 1 297.6378 537.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 334.4882 537.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 371.3386 537.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 408.189 537.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 445.0394 537.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 481.8898 537.2422 cm 0 0 m 36.85 0 l S Q BT /GS1 gs 6 0 0 10 56.6929 514.6921 Tm (Grand total)Tj 40.35 0 Td (72,640,000)Tj 10.646 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 1.638 0 Td (72,640,000)Tj ET 2 w /GS0 gs q 1 0 0 1 51.0237 509.7302 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 96.378 509.7302 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 141.7323 509.7302 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 178.5827 509.7302 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 221.1024 509.7302 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 263.6221 509.7302 cm 0 0 m 34.016 0 l S Q q 1 0 0 1 297.6378 509.7302 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 334.4882 509.7302 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 371.3386 509.7302 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 408.189 509.7302 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 445.0394 509.7302 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 481.8898 509.7302 cm 0 0 m 36.85 0 l S Q BT /GS1 gs 10 0 0 10 51.0237 486.4302 Tm (Note:)Tj 0.087 Tw 0 -2.4 Td (1.)Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (Mr. Chan Cheuk Ho has resigned as an executive Director with effect from\ 31 May 2022. Mr. Chan )Tj 0 Tw 0 -1.2 Td (Cheuk Ho remains as the Company Secretary and authorised representative \ of the Company.)Tj 0.092 Tw 11 0 0 11 51.0237 423.6002 Tm (As \(i\) the Scheme expired on 22 November 2023 and no further share opt\ ions could be granted )Tj 0.012 Tc 0 -1.273 Td [(under the Scheme thereafter; and \(ii\) 72,640,000 share options are out\ standing as at 30 June)12.1 ( )]TJ 0.03 Tc 0 -1.273 Td [(2024, a total of 72,640,000 Shares are available for issue under the Sch\ eme, representing)29.9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (approximately 5.48% of the Company\222s issued share capital as at the d\ ate of this report.)Tj 0.071 Tw 0 -2.545 Td [(Save as )0.5 (disclosed above, )0.5 (no share )0.5 (option was granted, exercised, cancelled or )0.5 (lapsed under the )]TJ 0 Tw 0 -1.273 Td (Scheme during the Year.)Tj 0.038 Tc 0.092 Tw 0 -2.545 Td [(During the Year, the Group has not recognised any share-based payment ex\ pense in the)38 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (consolidated statement of profit or loss and other comprehensive income \ \(30 June 2023: Nil\).)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (ARRANGEMENT TO ACQUIRE SHARES OR DEBENTURES)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.029 Tc 0.092 Tw 0 -1.273 Td [(Other than the share option schemes disclosed above, at no time during t\ he Year was the)29 ( )]TJ 0 Tc 0.076 Tw 0 -1.273 Td (Company or any of its subsidiaries a party to any arrangement to enable \ the Directors to acquire )Tj 0.008 Tc 0.092 Tw 0 -1.273 Td [(benefits by means of the acquisition of Shares in, or debentures of, the\ Company or any other)8 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (body corporate.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (DIRECTORS\222 INTERESTS IN TRANSACTIONS, ARRANGEMENTS OR CONTRACTS OF )Tj 0 -1.273 Td (SIGNIFICANCE)Tj /CS2 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.018 Tc 0.092 Tw 0 -1.273 Td [(There was no transaction, arrangement or contract of significance, to wh\ ich the Company or)18 ( )]TJ 0.001 Tc 0.091 Tw 0 -1.273 Td [(i)0.6 (t)0.5 (s)0.6 ( s)0.5 (u)0.6 (b)0.6 (s)0.5 (i)0.6 (d)0.5 (i)0.6 (a)0.5 (r)0.6 (i)0.6 (e)0.5 (s)0.6 ( w)0.5 (a)0.6 (s)0.6 ( a)0.5 ( p)0.6 (a)0.5 (r)0.6 (t)0.6 (y)0.5 ( a)0.6 (n)0.6 (d)0.5 ( i)0.6 (n)0.6 ( w)0.5 (h)0.6 (i)0.5 (c)0.6 (h)0.5 ( a)0.6 ( D)0.6 (i)0.5 (r)0.6 (e)0.5 (c)0.6 (t)0.6 (o)0.5 (r)0.6 ( o)0.5 (r)0.6 ( a)0.6 (n)0.5 ( e)0.6 (n)0.5 (t)0.6 (i)0.6 (t)0.5 (y)0.6 ( c)0.5 (o)0.6 (n)0.5 (n)0.6 (e)0.6 (c)0.5 (t)0.6 (e)0.5 (d)0.6 ( w)0.6 (i)0.5 (t)0.6 (h)0.5 ( a)0.6 ( D)0.6 (i)0.5 (r)0.6 (e)0.5 (c)0.6 (t)0.5 (o)0.6 (r)0.5 ( h)0.5 (a)0.6 (d)0.5 ( a)1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (material interest, whether directly or indirectly, subsisting during or \ at the end of the Year.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 51.554 Td (SHARE OPTIONS SCHEME )Tj /T1_2 1 Tf (\(Continued\))Tj ET endstream endobj 386 0 obj <> endobj 383 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (42)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (SHARE OPTIONS SCHEME )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.002 Tc 0.092 Tw 0 -1.273 Td [(Details of the share options outstanding under the Scheme as at 30 June \ 2024 entitling holders)2 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (thereof to subscribe for the Shares in the Company are as follows:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 76.535 652.827 45.354 -12 re 121.89 652.827 45.354 -12 re 167.244 652.827 36.85 -12 re 204.094 652.827 42.52 -12 re 246.614 652.827 42.52 -12 re 289.134 652.827 34.016 -12 re 323.15 652.827 221.102 -12 re 76.535 640.827 45.354 -3 re 121.89 640.827 45.354 -3 re 167.244 640.827 36.85 -3 re 204.094 640.827 42.52 -3 re 246.614 640.827 42.52 -3 re 289.134 640.827 34.016 -3 re 323.15 640.827 221.102 -3 re 76.535 637.827 45.354 -50.835 re 121.89 637.827 45.354 -50.835 re 167.244 637.827 36.85 -50.835 re 204.094 637.827 42.52 -50.835 re 246.614 637.827 42.52 -50.835 re 289.134 637.827 34.016 -50.835 re 323.15 637.827 36.85 -50.835 re 360 637.827 36.85 -50.835 re 396.85 637.827 36.85 -50.835 re 433.701 637.827 36.85 -50.835 re 470.551 637.827 36.85 -50.835 re 507.402 637.827 36.85 -50.835 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 6 0 0 10 398.2053 642.5267 Tm (Number of share options)Tj ET /CS2 CS 0.3 1 SCN 0.5 w q 1 0 0 1 323.1496 638.0768 cm 0 0 m 221.102 0 l S Q BT 6 0 0 0.1 323.1496 639.5267 Tm ( )Tj 6 0 0 10 82.2047 591.5267 Tm (Grantee)Tj 6.614 2.4 Td (Position\(s\) )Tj 0 -1.2 Td (held in the )Tj 0 -1.2 Td (Company)Tj 7.559 1.2 Td (Date of )Tj 0 -1.2 Td (grant)Tj 6.142 3.6 Td (Validity )Tj 0 -1.2 Td (period )Tj 0 -1.2 Td (\(both dates )Tj 0 -1.2 Td (inclusive\))Tj 7.087 3.6 Td (Exercisable )Tj 0 -1.2 Td (period )Tj 0 -1.2 Td (\(both dates )Tj 0 -1.2 Td (inclusive\))Tj 7.72 1.2 Td (Exercise )Tj -0.633 -1.2 Td (price HK$)Tj 7.015 3.6 Td (Balance )Tj 1.536 -1.2 Td (as at )Tj -0.445 -1.2 Td (1 July )Tj 0.536 -1.2 Td (2023)Tj 4.514 2.4 Td (Granted )Tj 0.797 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 5.441 2.4 Td (Exercised )Tj 1.647 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 5.386 2.4 Td (Cancelled )Tj 1.702 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 6.643 2.4 Td (Lapsed )Tj 0.445 -1.2 Td (during )Tj -0.946 -1.2 Td (the Year)Tj 6.292 3.6 Td (Balance )Tj 1.536 -1.2 Td (as at )Tj -1.391 -1.2 Td (30 June )Tj 1.482 -1.2 Td (2024)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -73.839 -1.783 Td (Mr. Zhang )Tj 1.323 -1.2 Td (Sanhuo)Tj 5.291 1.2 Td (Chairman )Tj 1.332 -1.2 Td (and Chief )Tj 0 -1.2 Td (Executive )Tj 0 -1.2 Td (Officer)Tj 6.227 3.6 Td (22.9.2017)Tj 6.142 0 Td (22.9.2017 to )Tj 1.332 -1.2 Td (21.9.2027)Tj 5.754 1.2 Td (33.33% )Tj 0 -1.2 Td (22.9.2017 to )Tj 0 -1.2 Td (21.9.2027; )Tj 0 -1.2 Td (33.33% )Tj 0 -1.2 Td (22.9.2018 to )Tj 0 -1.2 Td (21.9.2027; )Tj 0 -1.2 Td (and 33.34% )Tj 0 -1.2 Td (22.9.2019 to )Tj 0 -1.2 Td (21.9.2027)Tj 9.865 9.6 Td (0.83)Tj 3.64 0 Td (6,000,000)Tj 10.09 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 2.194 0 Td (6,000,000)Tj -57.442 -12 Td (12.12.2018)Tj 6.142 0 Td (12.12.2018 to )Tj 1.332 -1.2 Td (11.12.2028)Tj 5.754 1.2 Td (50% )Tj 0 -1.2 Td (12.12.2018 to )Tj 0 -1.2 Td (11.12.2028; )Tj 0 -1.2 Td (and 50% )Tj 0 -1.2 Td (12.12.2019 to )Tj 0 -1.2 Td (11.12.2028)Tj 9.865 6 Td (0.46)Tj 3.084 0 Td (10,860,000)Tj 10.646 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 1.638 0 Td (10,860,000)Tj ET /GS0 gs q 1 0 0 1 76.5355 389.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 121.8898 389.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 167.2442 389.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 204.0945 389.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6142 389.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 389.2422 cm 0 0 m 34.016 0 l S Q q 1 0 0 1 323.1497 389.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 360.0001 389.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 396.8505 389.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 433.7008 389.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 470.5512 389.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 507.4016 389.2422 cm 0 0 m 36.85 0 l S Q BT /GS1 gs 6 0 0 10 82.2048 366.6922 Tm (Sub-total)Tj 40.35 0 Td (16,860,000)Tj 10.646 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 1.638 0 Td (16,860,000)Tj ET /GS0 gs q 1 0 0 1 76.5355 362.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 121.8898 362.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 167.2442 362.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 204.0945 362.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6142 362.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 362.2422 cm 0 0 m 34.016 0 l S Q q 1 0 0 1 323.1497 362.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 360.0001 362.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 396.8505 362.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 433.7008 362.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 470.5512 362.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 507.4016 362.2422 cm 0 0 m 36.85 0 l S Q BT /GS1 gs 6 0 0 10 82.2048 339.6922 Tm (Mr. Chan )Tj 1.323 -1.2 Td (Cheuk Ho)Tj 5.291 1.2 Td (Employee )Tj 1.332 -1.2 Td (\(Note 1\))Tj 6.227 1.2 Td (22.9.2017)Tj 6.142 0 Td (22.9.2017 to )Tj 1.332 -1.2 Td (21.9.2027)Tj 5.754 1.2 Td (33.33%)Tj 0 -1.2 Td (22.9.2017 to )Tj 0 -1.2 Td (21.9.2027; )Tj 0 -1.2 Td (33.33% )Tj 0 -1.2 Td (22.9.2018 to )Tj 0 -1.2 Td (21.9.2027; )Tj 0 -1.2 Td (and 33.34% )Tj 0 -1.2 Td (22.9.2019 to )Tj 0 -1.2 Td (21.9.2027)Tj 9.865 9.6 Td (0.83)Tj 3.64 0 Td (6,000,000)Tj 10.09 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 2.194 0 Td (6,000,000)Tj -57.442 -12 Td (12.12.2018)Tj 6.142 0 Td (12.12.2018 to )Tj 1.332 -1.2 Td (11.12.2028)Tj 5.754 1.2 Td (50% )Tj 0 -1.2 Td (12.12.2018 to )Tj 0 -1.2 Td (11.12.2028; )Tj 0 -1.2 Td (and 50% )Tj 0 -1.2 Td (12.12.2019 to )Tj 0 -1.2 Td (11.12.2028)Tj 9.865 6 Td (0.46)Tj 3.084 0 Td (13,260,000)Tj 10.646 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 1.638 0 Td (13,260,000)Tj ET /GS0 gs q 1 0 0 1 76.5355 155.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 121.8898 155.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 167.2442 155.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 204.0945 155.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6142 155.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 155.2422 cm 0 0 m 34.016 0 l S Q q 1 0 0 1 323.1497 155.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 360.0001 155.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 396.8505 155.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 433.7008 155.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 470.5512 155.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 507.4016 155.2422 cm 0 0 m 36.85 0 l S Q BT /GS1 gs 6 0 0 10 82.2048 132.6922 Tm (Sub-total)Tj 40.35 0 Td (19,260,000)Tj 10.646 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 6.142 0 Td (\226)Tj 1.638 0 Td (19,260,000)Tj ET /GS0 gs q 1 0 0 1 76.5355 128.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 121.8898 128.2422 cm 0 0 m 45.354 0 l S Q q 1 0 0 1 167.2442 128.2422 cm 0 0 m 36.85 0 l S Q q 1 0 0 1 204.0945 128.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 246.6142 128.2422 cm 0 0 m 42.52 0 l S Q q 1 0 0 1 289.1339 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The exercise price of HK\ $0.46 per share was )Tj 0.063 Tw 0 -1.273 Td [(the )0.5 (highest )0.5 (of: )0.5 (\(i\) the )0.5 (closing price )0.5 (of )0.5 (HK$0.45 )0.5 (per )0.5 (share )0.5 (as )0.5 (quoted )0.5 (in the Stock Exchange\222s )0.5 (daily )]TJ 0.02 Tc 0.092 Tw 0 -1.273 Td [(quotation sheet on the date of grant; \(ii\) the average closing price o\ f approximately HK$0.46)19.9 ( )]TJ 0.021 Tc 0 -1.273 Td [(per share as quoted in the Stock Exchange\222s daily quotation sheets fo\ r the 5 business days)21 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (immediately preceding the date of grant; and \(iii\) the nominal value o\ f HK$0.10 per share.)Tj 0.09 Tw 0 -2.545 Td (Unless approved by the Shareholders, the total number of Shares issued a\ nd to be issued upon )Tj 0.011 Tc 0.091 Tw 0 -1.273 Td [(e)0.5 (xe)0.5 (rc)0.5 (is)0.5 (e o)0.5 (f th)0.5 (e s)0.5 (h)0.5 (ar)0.5 (e o)0.5 (pt)0.5 (io)0.5 (n)0.5 (s g)0.5 (ra)0.5 (n)0.5 (te)0.5 (d t)0.5 (o eac)0.5 (h)0.5 ( el)0.5 (ig)0.5 (ib)0.5 (le)0.5 ( p)0.5 (ar)0.5 (ti)0.5 (ci)0.5 (pa)0.5 (nt)0.5 ( \()0.5 (in)0.5 (cl)0.5 (ud)0.5 (in)0.5 (g b)0.5 (o)0.5 (th)0.5 ( ex)0.5 (er)0.5 (c)0.5 (is)0.5 (ed)0.5 ( an)0.5 (d)11 ( )]TJ 0.002 Tc 0 -1.273 Td [(o)0.5 (u)0.6 (t)0.5 (s)0.5 (t)0.5 (a)0.5 (n)0.6 (d)0.5 (i)0.5 (n)0.5 (g)0.6 ( s)0.6 (h)0.5 (a)0.5 (r)0.5 (e)0.6 ( o)0.6 (p)0.5 (t)0.5 (i)0.5 (o)0.6 (n)0.5 (s)0.5 (\))0.5 ( i)0.5 (n)0.6 ( a)0.6 (n)0.5 (y)0.5 ( 1)0.5 (2)0.5 (-)0.5 (m)0.6 (o)0.5 (n)0.5 (t)0.5 (h)0.6 ( p)0.6 (e)0.5 (r)0.5 (i)0.5 (o)0.6 (d)0.5 ( m)0.5 (u)0.5 (s)0.5 (t)0.6 ( n)0.6 (o)0.5 (t)0.5 ( e)0.5 (x)0.5 (c)0.6 (e)0.5 (e)0.5 (d)0.5 ( 1)0.5 ( p)0.5 (e)0.5 (r)0.6 ( c)0.6 (e)0.5 (n)0.5 (t)0.5 ( o)0.5 (f)0.6 ( t)0.5 (h)0.5 (e)0.5 ( S)0.5 (h)0.6 (a)0.5 (r)0.5 (e)0.5 (s)0.6 ( i)0.5 (n)2.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (issue.)Tj 0.048 Tw 0 -2.545 Td (The subscription price shall be determined by the Board at its absolute \ discretion, provided that it )Tj 0 Tw 0 -1.273 Td (shall be not less than the highest of:)Tj 0.092 Tw 0 -2.545 Td (\(1\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the closing price of the Shares on the Stock Exchange \(as stated in the\ Stock Exchange\222s )Tj 0 Tw 0 -1.273 Td (daily quotations sheet\) on the Offer Date, which must be a business day\ ;)Tj 0.019 Tc 0.092 Tw -2.577 -2.545 Td [(\()19 (2)19 (\))]TJ /Span<>> BDC 1.038 0 Td ( )Tj EMC 1.539 0 Td [(the average closing price of the Shares on the Stock Exchange \(as state\ d in the Stock)18.9 ( )]TJ 0.009 Tc 0 -1.273 Td [(Exchange\222s daily quotations sheets\) for the five business days immed\ iately preceding the)9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (offer date; and)Tj -2.577 -2.545 Td (\(3\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the nominal value of a Share on the offer date.)Tj 0.057 Tw -2.577 -2.545 Td (On 28 November 2019, an ordinary resolution was duly passed by the Share\ holders at an annual )Tj 0.006 Tc 0.092 Tw 0 -1.273 Td [(general meeting of the Company, approving, inter alia, the refreshment o\ f the scheme mandate)5.9 ( )]TJ 0 Tc 0.008 Tw 0 -1.273 Td (limit under the Share Option Scheme. Upon the refreshment of the scheme \ mandate limit and prior )Tj 0.01 Tw 0 -1.273 Td (to the expiry of the Scheme, the Company was able to grant share options\ entitling holders thereof )Tj 0.01 Tc 0.092 Tw 0 -1.273 Td [(to subscribe for up to a maximum number of 132,670,173 Shares, represent\ ing approximately)10 ( )]TJ 0.012 Tc 0 -1.273 Td [(10% of the number of issued Shares as at the date of the annual general \ meeting held on 28)12 ( )]TJ 0.014 Tc 0 -1.273 Td [(November 2019. Please refer to the circular of the Company dated 29 Octo\ ber 2019 and the)14 ( )]TJ 0 Tc 0.054 Tw 0 -1.273 Td [(announcement )0.6 (of )0.5 (the )0.5 (Company )0.5 (dated )0.5 (28 )0.5 (November )0.5 (2019 )0.5 (for further )0.5 (details )0.5 (of )0.5 (the refreshment )0.5 (of )]TJ 0 Tw 0 -1.273 Td (the scheme mandate limit.)Tj ET endstream endobj 381 0 obj <> endobj 300 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 301 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 302 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 303 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 304 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 405 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (40)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (DIRECTORS\222 AND CHIEF EXECUTIVE\222S INTERESTS AND SHORT POSITION IN S\ HARES, )Tj 0 -1.273 Td (UNDERLYING SHARES AND DEBENTURES )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 10 0 0 10 76.5354 669.5267 Tm (Note:)Tj 0.037 Tw 0 -2.4 Td (1.)Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (These underlying Shares are held by Mr. Zhang Sanhuo, an executive Direc\ tor, the Chairman and the )Tj 0.016 Tw 0 -1.2 Td (Chief Executive Officer, as share options of the Company which entitle h\ im to subscribe for 6,000,000 )Tj 0.01 Tc 0.092 Tw 0 -1.2 Td [(Shares at an exercise price of HK$0.83 per Share and 10,860,000 Shares a\ t an exercise price of)10 ( )]TJ 0 Tc 0 Tw 0 -1.2 Td (HK$0.46 per Share.)Tj 0.018 Tc 0.092 Tw 11 0 0 11 76.5354 582.6968 Tm [(Save as disclosed above, as at 30 June 2024, none of the Directors or th\ e Company\222s chief)18 ( )]TJ 0.031 Tc 0 -1.273 Td [(executive or their respective associates, had any interests or short pos\ itions in the shares,)31 ( )]TJ 0.023 Tc 0.091 Tw 0 -1.273 Td [(u)0.5 (n)0.5 (d)0.5 (er)0.5 (l)0.5 (y)0.5 (in)0.5 (g)0.5 ( s)0.5 (h)0.5 (a)0.5 (r)0.5 (e)0.5 (s a)0.5 (nd)0.5 ( d)0.5 (eb)0.5 (e)0.5 (n)0.5 (t)0.5 (u)0.5 (re)0.5 (s)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.5 (e)0.5 ( C)0.5 (o)0.5 (m)0.5 (pa)0.5 (n)0.5 (y)0.5 ( o)0.5 (r)0.5 ( i)0.5 (t)0.5 (s)0.5 ( a)0.5 (s)0.5 (s)0.5 (oc)0.5 (i)0.5 (a)0.5 (te)0.5 (d)0.5 ( c)0.5 (o)0.5 (r)0.5 (p)0.5 (or)0.5 (a)0.5 (t)0.5 (io)0.5 (n)0.5 (s)0.5 ( \()0.5 (w)0.5 (i)0.5 (t)0.5 (hi)0.5 (n)0.5 ( t)0.5 (h)0.5 (e)23 ( )]TJ 0.006 Tc 0.092 Tw 0 -1.273 Td [(meaning of Part XV of the SFO\) which were required \(a\) to be notified\ to the Company and the)6 ( )]TJ 0 Tc 0.033 Tw 0 -1.273 Td (Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO \(inc\ luding interests and short )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(positions which they )0.5 (were taken or )0.5 (deemed )0.5 (to have )0.5 (under such provisions of the SFO\); or )0.5 (\(b\))14 ( )]TJ 0.001 Tc 0.091 Tw 0 -1.273 Td [(purs)0.5 (uant to section 352 of the SFO, to b)0.5 (e ent)0.5 (ered in the register ref)0.5 (erred to t)0.5 (herein; or \(c\) to be)1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (notified to the Company and the Stock Exchange pursuant to the Model Cod\ e.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (SHARE OPTIONS SCHEME)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.056 Tw 0 -1.273 Td (Particulars of the Company\222s share option schemes \(the \223)Tj /T1_1 1 Tf 0 Tw (Scheme)Tj /T1_0 1 Tf 0.056 Tw (\224\) are set out in Note 28 to the )Tj 0 Tw 0 -1.273 Td (consolidated financial statements.)Tj 0.014 Tc 0.092 Tw 0 -2.545 Td [(The Scheme was adopted pursuant to the ordinary resolution passed by the\ Shareholders on)14 ( )]TJ 0.015 Tc 0 -1.273 Td [(22 November 2013 for the purpose of providing incentives or reward to th\ e Directors, eligible)15 ( )]TJ 0.013 Tc 0 -1.273 Td [(employees or any person who have contributed or may contribute to the Gr\ oup. The Scheme)13 ( )]TJ 0.004 Tc 0 -1.273 Td [(was amended pursuant to the ordinary resolution passed by the Shareholde\ rs on 15 November)4.1 ( )]TJ 0 Tc 0.017 Tw 0 -1.273 Td (2018 and the Directors considered that the amendment to the Scheme is in\ line with Rule 17.04\(1\) )Tj 0.084 Tw 0 -1.273 Td (of the Listing Rules. Please refer to the circular of the Company dated \ 16 October 2018 and the )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(announcement of the Company dated 15 November 2018 for further informati\ on in relation to)14 ( )]TJ 0 Tc 0.085 Tw 0 -1.273 Td (the amendment to the Scheme. As at 1 July 2023, the beginning of the Yea\ r, the Company had )Tj -0.001 Tc 0 Tw 0 -1.273 Td [(1)0.5 (3)0.6 (2)0.5 (,)0.5 (6)0.5 (7)0.5 (0)0.6 (,)0.5 (1)0.5 (7)0.5 (3)0.6 ( )0.5 (s)0.5 (h)0.5 (a)0.6 (r)0.5 (e)0.5 ( )0.6 (o)0.5 (p)0.5 (t)0.5 (i)0.6 (o)0.5 (n)0.5 (s)0.6 ( )0.5 (a)0.5 (v)0.5 (a)0.6 (i)0.5 (l)0.5 (a)0.5 (b)0.6 (l)0.5 (e)0.5 ( )0.6 (f)0.5 (o)0.5 (r)0.5 ( )0.6 (g)0.5 (r)0.5 (a)0.5 (n)0.6 (t)0.5 ( )0.5 (u)0.6 (n)0.5 (d)0.5 (e)0.6 (r)0.5 ( )0.5 (t)0.6 (h)0.5 (e)0.5 ( )0.5 (S)0.6 (c)0.5 (h)0.5 (e)0.6 (m)0.5 (e)0.5 (.)0.5 ( )0.6 (T)0.5 (h)0.5 (e)0.6 ( )0.5 (S)0.5 (c)0.5 (h)0.6 (e)0.5 (m)0.5 (e)0.6 ( )0.5 (e)0.5 (x)0.5 (p)0.6 (i)0.5 (r)0.5 (e)0.6 (d)0.5 ( )0.5 (o)0.5 (n)0.6 ( )0.5 (t)0.5 (h)0.6 (e)0.5 ( )0.5 (t)0.5 (e)0.6 (n)0.5 (t)0.5 (h)-1 ( )]TJ 0 Tc 0.065 Tw 0 -1.273 Td (anniversary of the adoption date \(i.e. 22 November 2023\), and thereaft\ er no further share options )Tj 0.016 Tw 0 -1.273 Td (could be granted but the provisions of the Scheme shall remain in full f\ orce and effect in respect of )Tj 0.039 Tw 0 -1.273 Td (any share options granted before its expiry or termination but not yet e\ xercised. As such, as at 30 )Tj 0 Tw 0 -1.273 Td (June 2024, the end of the Year, no further share options may be granted \ under the Scheme.)Tj 0.008 Tc 0.092 Tw 0 -2.545 Td [(Share options granted must be taken up within 21 days from the date of g\ rant, upon payment)8 ( )]TJ 0 Tc 0.088 Tw 0 -1.273 Td [(of HK$1 per share )0.5 (option. A share )0.5 (option may be exercised in accordance with )0.5 (the terms of the )]TJ 0.011 Tc 0.092 Tw 0 -1.273 Td [(Scheme at any time during the respective effective period of the Scheme \ to be notified by the)11 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Board which shall not be later than 10 years from the date of grant.)Tj ET endstream endobj 406 0 obj <> endobj 403 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (39)Tj /CS1 cs 0 0 0 1 scn /GS1 gs 0.008 Tc 0.092 Tw 11 0 0 11 51.0236 696.6968 Tm [(As mentioned above, the Company has adopted a share option scheme as an \ incentive to the)8 ( )]TJ 0 Tc 0 Tw 0 -1.182 Td (Directors and eligible employees.)Tj 0.045 Tw 0 -2.364 Td (Details of Directors\222 emolument and individuals with highest emolumen\ ts are set out in Note 12 to )Tj 0 Tw 0 -1.182 Td (the consolidated financial statements.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.364 Td (DIRECTORS\222 AND CHIEF EXECUTIVE\222S INTERESTS AND SHORT POSITION IN S\ HARES, )Tj 0 -1.273 Td (UNDERLYING SHARES AND DEBENTURES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.004 Tc 0.091 Tw 0 -1.273 Td [(As at 30 June 2024, the interests and short positions of the Directors a\ nd the Company\222s chief)4.1 ( )]TJ 0.012 Tc 0.092 Tw 0 -1.273 Td [(executive in the shares, underlying shares and debentures of the Company\ and its associated)12.1 ( )]TJ 0 Tc 0.047 Tw 0 -1.273 Td (corporations \(within the meaning of Part XV of the լƵ and Futur\ es Ordinance, Chapter 571 )Tj 0.05 Tw 0 -1.273 Td (of the laws of Hong Kong \(the \223)Tj /T1_1 1 Tf 0 Tw (SFO)Tj /T1_0 1 Tf 0.05 Tw (\224\)\) which were required \(a\) to be notified to the Company and )Tj 0.082 Tw 0 -1.273 Td (the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO \(\ including interests and )Tj 0.001 Tc 0.092 Tw 0 -1.273 Td [(short positions which they were taken or deemed to have under such provi\ sions of the SFO\); or)1 ( )]TJ 0 Tc 0.023 Tw 0 -1.273 Td (\(b\) pursuant to section 352 of the SFO, to be entered in the register \ referred to therein; or \(c\) to be )Tj 0.004 Tc 0.092 Tw 0 -1.273 Td [(notified to the Company and the Stock Exchange pursuant to the Model Cod\ e contained in the)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Listing Rules were as follows:)Tj /T1_1 1 Tf 17.594 -2.545 Td (Long positions:)Tj -11.836 -1.273 Td (Ordinary shares of HK$0.10 each \(the \223Share\(s\)\224\) of the Compan\ y)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 51.024 420.827 158.74 -67.835 re 209.764 420.827 127.559 -67.835 re 337.323 420.827 90.709 -67.835 re 428.031 420.827 90.709 -67.835 re f BT /CS1 cs 0 0 0 0 scn 10 0 0 10 56.6929 357.5268 Tm (Name of Director)Tj 15.591 0 Td (Nature of Interest)Tj 15.94 2.6 Td (Number of )Tj 1.926 -1.3 Td (issued )Tj -2.52 -1.3 Td (Shares held)Tj 8.593 5.2 Td (Approximate )Tj -0.54 -1.3 Td (percentage of )Tj 1.741 -1.3 Td (the issued )Tj -2.461 -1.3 Td (share capital of)Tj 1.016 -1.3 Td (the Company)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -39.286 -1.883 Td (Zhang Sanhuo)Tj 15.591 0 Td (Interest of controlled )Tj 0.85 -1.3 Td (corporation)Tj 14.566 1.3 Td (454,163,680)Tj 2.169 -1.3 Td (\(Note 1\))Tj 9.071 1.3 Td (34.23%)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 51.0237 321.2421 cm 0 0 m 158.74 0 l S Q BT /GS1 gs 0.1 0 0 0.1 51.0237 322.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 209.7638 321.2421 cm 0 0 m 127.559 0 l S Q BT /GS1 gs 0.1 0 0 0.1 209.7638 322.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 337.3229 321.2421 cm 0 0 m 90.709 0 l S Q BT /GS1 gs 0.1 0 0 0.1 422.3066 322.6921 Tm ( )Tj ET /GS0 gs q 1 0 0 1 428.0315 321.2421 cm 0 0 m 90.709 0 l S Q BT /GS1 gs 0.1 0 0 0.1 513.0153 322.6921 Tm ( )Tj 10 0 0 10 51.0236 298.6921 Tm (Note:)Tj 0.073 Tw 0 -2.4 Td (1.)Tj /Span<>> BDC ( )Tj EMC 2.835 0 Td (These Shares are beneficially owned by and registered in the name of Sag\ e Global Holdings Limited )Tj 0.004 Tc -0.004 Tw 0 -1.2 Td (\(\223)Tj /T1_1 1 Tf 0.092 Tw (Sage Global)Tj /T1_0 1 Tf [(\224\), which is a company incorporated in the British Virgin Islands an\ d its entire issued)4 ( )]TJ 0 Tc 0.09 Tw 0 -1.2 Td (share capital is wholly and beneficially owned by South Pearl Ventures L\ imited \(\223)Tj /T1_1 1 Tf (South Pearl)Tj /T1_0 1 Tf (\224\), and )Tj 0.012 Tc 0.092 Tw 0 -1.2 Td [(South Pearl is in turn wholly and beneficially owned by Mr. Zhang Sanhuo\ , an executive Director,)12 ( )]TJ 0.007 Tc 0 -1.2 Td (the chairman \(the \223)Tj /T1_1 1 Tf -0.007 Tw (Chairman)Tj /T1_0 1 Tf 0.092 Tw (\224\) of the Board and the chief executive officer \(the \223)Tj /T1_1 1 Tf [(Chief Executive)7 ( )]TJ 0 Tc 0 Tw 0 -1.2 Td (Officer)Tj /T1_0 1 Tf (\224\) of the Company.)Tj /T1_1 1 Tf 11 0 0 11 179.6742 187.8621 Tm (Long positions in the underlying Shares:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 51.024 171.992 158.74 -67.835 re 209.764 171.992 127.559 -67.835 re 337.323 171.992 90.709 -67.835 re 428.031 171.992 90.709 -67.835 re f BT /CS1 cs 0 0 0 0 scn 10 0 0 10 56.6929 108.6921 Tm (Name of Director)Tj 15.591 0 Td (Nature of Interest)Tj 15.94 2.6 Td (Number of )Tj 0.037 -1.3 Td (underlying )Tj -0.631 -1.3 Td (Shares held)Tj 8.593 5.2 Td (Approximate )Tj -0.54 -1.3 Td (percentage of )Tj 1.741 -1.3 Td (the issued )Tj -2.461 -1.3 Td (share capital of )Tj 1.016 -1.3 Td (the Company)Tj 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -39.286 -1.883 Td (Mr. Zhang Sanhuo)Tj 15.591 0 Td (Beneficial owner)Tj 15.972 0 Td (16,860,000)Tj 1.613 -1.3 Td (\(Note 1\))Tj 9.627 1.3 Td (1.27%)Tj ET /GS0 gs q 1 0 0 1 51.0236 72.4075 cm 0 0 m 158.74 0 l S Q BT /GS1 gs 0.1 0 0 0.1 51.0236 73.8575 Tm ( )Tj ET /GS0 gs q 1 0 0 1 209.7638 72.4075 cm 0 0 m 127.559 0 l S Q BT /GS1 gs 0.1 0 0 0.1 209.7638 73.8575 Tm ( )Tj ET /GS0 gs q 1 0 0 1 337.3228 72.4075 cm 0 0 m 90.709 0 l S Q BT /GS1 gs 0.1 0 0 0.1 422.3066 73.8575 Tm ( )Tj ET /GS0 gs q 1 0 0 1 428.0315 72.4075 cm 0 0 m 90.709 0 l S Q BT /GS1 gs 0.1 0 0 0.1 428.0315 73.8575 Tm ( )Tj ET endstream endobj 404 0 obj <> endobj 401 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (38)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (CHANGE OF PRESENTATION CURRENCY)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf -0.002 Tc 0 -1.182 Td [(As disclosed in the announcement of the Company dated 31 August 2023, th\ e Group has changed)-2 ( )]TJ 0 -1.182 Td [(its presentation currency from USD to HKD for the preparation of the Gro\ up\222s consolidated financial)-2 ( )]TJ 0.008 Tc 0.092 Tw 0 -1.182 Td [(statements for the Year. Having considered that the Company\222s shares \ are listed on the Stock)8 ( )]TJ 0 Tc 0.033 Tw 0 -1.182 Td [(Exchange )0.5 (and )0.5 (are )0.5 (traded )0.5 (in HKD, )0.5 (the )0.5 (Board )0.5 (believes )0.5 (that )0.5 (the change of presentation )0.5 (currency )0.5 (will )]TJ 0 Tw 0 -1.182 Td (enable the shareholders and potential investors of the Company to have a\ more accurate picture of )Tj 0.007 Tw 0 -1.182 Td (the Group\222s financial performance. As such, the Board believes that i\ t is more appropriate to adopt )Tj 0 Tw 0 -1.182 Td (HKD as its presentation currency for the consolidated financial statemen\ ts of the Group.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.364 Td (DIRECTORS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.036 Tw 0 -1.182 Td [(The Directors )0.5 (during )0.5 (the Year )0.5 (and up )0.5 (to the )0.5 (latest practicable date prior to )0.5 (the issue of this annual )]TJ 0 Tw 0 -1.182 Td (report are:)Tj /T1_2 1 Tf 0 -2.364 Td (Executive Directors:)Tj /T1_0 1 Tf 0 -1.182 Td (Mr. Zhang Sanhuo \226 )Tj /T1_3 1 Tf (Chairman and Chief Executive Officer)Tj /T1_0 1 Tf 0 -1.182 Td (Ms. An Juan \(appointed on 27 June 2024\))Tj /T1_2 1 Tf 0 -2.364 Td (Independent Non-executive Directors:)Tj /T1_0 1 Tf 0 -1.182 Td (Mr. So Stephen Hon Cheung )Tj 0 -1.182 Td (Mr. Zhou Chunsheng)Tj 0 -1.182 Td (Mr. Tian Hong)Tj 0.008 Tc 0.092 Tw 0 -2.364 Td [(Bye-law 111 provides that one-third of the Directors, shall retire from \ office by rotation at each)8 ( )]TJ 0.034 Tc 0 -1.273 Td [(annual general meeting. Bye-law 115 provides that new Directors appointe\ d by the Board)34 ( )]TJ 0.018 Tc 0 -1.273 Td [(to fill a casual vacancy or as an additional Director during any year ar\ e required to retire and)18 ( )]TJ 0.009 Tc 0 -1.273 Td [(submit )0.5 (themselves )0.5 (for )0.5 (re-election )0.5 (at )0.5 (the )0.5 (first )0.5 (annual )0.5 (general )0.6 (meeting )0.5 (immediately )0.6 (following )0.5 (their)9 ( )]TJ 0.001 Tc 0 -1.273 Td [(appointments. At the forthcoming 2024 annual general meeting, each of Mr\ . Zhang Sanhuo, Mr.)1 ( )]TJ 0 Tc 0.06 Tw 0 -1.273 Td (Zhou Chunsheng and Ms. An Juan will retire from office and, being eligib\ le, shall offer themselves )Tj 0 Tw 0 -1.273 Td (for re-election pursuant to Bye-laws 111 and 115.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.455 Td (DIRECTORS\222 SERVICE CONTRACTS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.014 Tc 0.092 Tw 0 -1.182 Td [(None of the Directors proposed for re-election at the forthcoming annual\ general meeting has)14 ( )]TJ 0.005 Tc 0 -1.182 Td [(a service contract with the Company or any of its subsidiaries which is \ not determinable by the)5 ( )]TJ 0 Tc 0 Tw 0 -1.182 Td (Group within one year without payment of compensation, other than statut\ ory compensation.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.364 Td (EMOLUMENT POLICY)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.062 Tw 0 -1.182 Td (The emolument policy of the employees of the Group is set up by the Boar\ d on the basis of their )Tj 0 Tw 0 -1.182 Td (merit, qualifications and competence.)Tj 0.059 Tw 0 -2.364 Td (The emoluments of the Directors and senior management of the Company are\ determined by the )Tj 0.078 Tw 0 -1.182 Td (Board. The Remuneration Committee reviewed and made recommendations to t\ he Board on the )Tj 0.015 Tc 0.091 Tw 0 -1.182 Td [(Company\222s policy and structure for the remuneration of all Directors \ and senior management,)15 ( )]TJ 0 Tc 0.04 Tw 0 -1.182 Td [(having )0.5 (regard to )0.5 (the Company\222s )0.5 (operating )0.5 (results, )0.5 (individual )0.5 (performance )0.5 (and comparable market )]TJ 0 Tw 0 -1.182 Td (statistics.)Tj ET endstream endobj 402 0 obj <> endobj 399 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (37)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (SHARE CAPITAL AND SHARE OPTION SCHEMES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.052 Tw 0 -1.227 Td (Details of the Company\222s share capital and share option schemes are s\ et out in Notes 27 and 28 )Tj 0 Tw 0 -1.227 Td (to the consolidated financial statements, respectively.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.455 Td (SUFFICIENCY OF PUBLIC FLOAT)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.024 Tc 0.091 Tw 0 -1.227 Td [(Based on the information that is publicly available to the Company and w\ ithin the Directors\222)24 ( )]TJ 0.017 Tc 0.092 Tw 0 -1.227 Td [(knowledge as at the date of this report, the Company has maintained a su\ fficient public float)17 ( )]TJ 0 Tc 0 Tw 0 -1.227 Td (throughout the Year and as at the date of this report.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.455 Td (DISTRIBUTABLE RESERVES OF THE COMPANY)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.04 Tc 0.091 Tw 0 -1.227 Td [(Details of the movements in the reserves of the Group during the Year ar\ e set out in the)40 ( )]TJ 0 Tc 0.05 Tw 0 -1.227 Td (consolidated statement of changes in equity on page 54 of this annual re\ port and the Company\222s )Tj 0 Tw 0 -1.227 Td (reserves available for distribution to Shareholders as at 30 June 2024 w\ ere as follows:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 51.024 519.327 297.638 -13 re 433.701 519.327 85.039 -13 re 51.024 506.327 297.638 -15.835 re 433.701 506.327 85.039 -15.835 re f /CS0 cs 1 scn 348.661 519.327 85.039 -13 re 348.661 506.327 85.039 -15.835 re f 0.3 scn 348.661 490.492 85.039 -4 re 348.661 486.492 85.039 -13 re 348.661 473.492 85.039 -13 re 348.661 460.492 85.039 -3 re 348.661 457.492 85.039 -13 re 348.661 444.492 85.039 -13 re 348.661 431.492 85.039 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 10 0 0 10 405.7915 508.0268 Tm (2024)Tj /T1_0 1 Tf 8.504 0 Td (2023)Tj /T1_1 1 Tf -10.245 -1.3 Td (HK$\222000)Tj /T1_0 1 Tf 8.615 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs 11 0 0 11 56.6929 475.3624 Tm (Contributed surplus)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 10 0 0 10 397.4515 475.1924 Tm (70,189)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.504 0 Td (70,189)Tj 11 0 0 11 56.6929 462.3624 Tm (Accumulated losses)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 10 0 0 10 388.9316 462.1924 Tm (\(593,846\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.559 0 Td (\(590,543\))Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 51.0237 457.7425 cm 0 0 m 297.638 0 l S Q BT /GS1 gs 0.1 0 0 0.1 51.0237 459.1924 Tm ( )Tj ET /GS0 gs q 1 0 0 1 348.6614 457.7425 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 0.1 0 0 0.1 348.6614 459.1924 Tm ( )Tj ET q 1 0 0 1 433.7008 457.7425 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.1 0 0 0.1 433.7008 459.1924 Tm ( )Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 10 0 0 10 388.9316 433.1924 Tm (\(523,657\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 8.559 0 Td (\(520,354\))Tj ET 2 w /GS0 gs q 1 0 0 1 51.0237 428.2305 cm 0 0 m 297.638 0 l S Q BT /GS1 gs 0.1 0 0 0.1 51.0237 428.9305 Tm ( )Tj ET /GS0 gs q 1 0 0 1 348.6614 428.2305 cm 0 0 m 85.039 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 0.1 0 0 0.1 348.6614 428.9305 Tm ( )Tj ET q 1 0 0 1 433.7008 428.2305 cm 0 0 m 85.039 0 l S Q BT /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.1 0 0 0.1 433.7008 428.9305 Tm ( )Tj 0.091 Tw 11 0 0 11 51.0237 404.6005 Tm [(Under )0.5 (the Companies )0.5 (Act 1981 at )0.5 (Bermuda \(as )0.5 (amended\), the contributed surplus )0.5 (account of )0.5 (a )]TJ 0 Tw 0 -1.227 Td (company is available for distribution.)Tj 0.08 Tw 0 -2.455 Td [(However, )0.6 (a )0.5 (company )0.6 (cannot )0.5 (declare )0.6 (or )0.5 (pay )0.5 (a )0.6 (dividend, )0.6 (or )0.5 (make )0.5 (a )0.6 (distribution )0.6 (out )0.5 (of )0.6 (contributed )]TJ 0 Tw 0 -1.227 Td (surplus if:)Tj 0 -2.455 Td (\(a\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (it is, or would after the payment be, unable to pay its liabilities as t\ hey become due; or)Tj 0.018 Tw -2.577 -2.455 Td (\(b\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the realisable value of its assets would thereby be less than the aggreg\ ate of its liabilities and )Tj 0 Tw 0 -1.227 Td (its issued share capital and share premium accounts.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.455 Td (PURCHASE, SALE OR REDEMPTION OF THE COMPANY\222S LISTED SECURITIES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.016 Tw 0 -1.227 Td [(During )0.5 (the )0.5 (Year, )0.5 (neither )0.5 (the Company )0.6 (nor any )0.5 (of )0.5 (its subsidiaries )0.5 (had )0.5 (purchased, sold )0.5 (or )0.5 (redeemed )]TJ 0 Tw 0 -1.227 Td (any of the Company\222s listed securities.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.455 Td (EXERCISE OF CONVERSION OR SUBSCRIPTION RIGHTS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.074 Tw 0 -1.273 Td [(During )0.6 (the )0.6 (Year, )0.6 (there )0.6 (was )0.5 (no )0.6 (exercise )0.6 (of )0.6 (conversion )0.6 (or )0.6 (subscription )0.5 (rights )0.5 (under )0.6 (any )0.5 (convertible )]TJ 0.033 Tw 0 -1.227 Td (securities, options, warrants or similar rights issued or granted at any\ time by the Company or any )Tj 0 Tw 0 -1.227 Td (of its subsidiaries.)Tj ET endstream endobj 400 0 obj <> endobj 397 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (36)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (RELATIONSHIP WITH SUPPLIERS, CUSTOMERS AND OTHER STAKEHOLDERS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.022 Tc 0.092 Tw 0 -1.273 Td [(The Group understands the importance of maintaining a good relationship \ with its suppliers,)22 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (customers and other stakeholders to meet its immediate and long-term goa\ ls.)Tj 0 -2.545 Td (During the Year, there was no material and significant dispute between t\ he Group and its suppliers, )Tj 0 -1.273 Td (customers and/or other stakeholders.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (PERMITTED INDEMNITY PROVISION)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.011 Tc 0.092 Tw 0 -1.273 Td [(The Bye-law 194 provides that the Directors shall be indemnified and sec\ ured harmless out of)11 ( )]TJ 0 -1.273 Td [(the )0.5 (assets )0.5 (of )0.5 (the )0.5 (Company )0.5 (from )0.5 (and )0.5 (against )0.5 (all )0.5 (actions, )0.5 (costs, )0.5 (charges, )0.5 (losses, )0.5 (damages )0.5 (and)11 ( )]TJ 0 Tc 0.061 Tw 0 -1.273 Td (expenses which may incur or sustain by or by reason of any act done, con\ curred in or omitted in )Tj 0.026 Tw 0 -1.273 Td (or about the execution of their duty, or supposed duty, in their offices\ , provided that this indemnity )Tj 0.058 Tw 0 -1.273 Td [(shall )0.5 (not )0.5 (extend )0.5 (to any )0.5 (matter )0.5 (incur )0.6 (or )0.5 (sustain )0.5 (through their )0.5 (own )0.5 (fraud )0.5 (or )0.5 (dishonesty. 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The Company )Tj 0.033 Tc 0.091 Tw 0 -1.273 Td [(m)0.5 (a)0.5 (y)0.5 ( d)0.5 (e)0.5 (c)0.5 (la)0.5 (r)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.5 ( pa)0.5 (y)0.5 ( di)0.5 (v)0.5 (i)0.5 (d)0.5 (e)0.5 (nd)0.5 (s)0.5 ( b)0.5 (y)0.5 ( w)0.5 (a)0.5 (y o)0.5 (f)0.5 ( c)0.5 (a)0.5 (s)0.5 (h)0.5 ( o)0.5 (r)0.5 ( s)0.5 (c)0.5 (r)0.5 (i)0.5 (p)0.5 ( o)0.5 (r)0.5 ( b)0.5 (y)0.5 ( o)0.5 (t)0.5 (h)0.5 (e)0.5 (r)0.5 ( m)0.5 (e)0.5 (a)0.5 (n)0.5 (s)0.5 ( t)0.5 (h)0.5 (a)0.5 (t)0.5 ( t)0.5 (h)0.5 (e)0.5 ( B)0.5 (o)0.5 (a)0.5 (r)0.5 (d)33 ( )]TJ 0 Tc 0.002 Tw 0 -1.273 Td (considers appropriate. Any dividend unclaimed shall be forfeited and sha\ ll revert to the Company in )Tj 0 Tw 0 -1.273 Td (accordance to the Bye-laws.)Tj 0.005 Tc 0.092 Tw 0 -2.545 Td [(The Company does not have any )0.5 (pre-determined dividend distribution )0.5 (ratio )0.5 (and the Company\222s)5 ( )]TJ 0.03 Tc 0 -1.273 Td [(dividend distribution record in the past, if any, may not be used as a r\ eference or basis to)30 ( )]TJ 0.017 Tc 0 -1.273 Td [(determine the level of dividends that may be declared or paid by the Com\ pany in future. The)17 ( )]TJ 0 Tc 0.037 Tw 0 -1.273 Td (Dividend Policy shall in no way constitute a legally binding commitment \ by the Group in respect of )Tj 0.084 Tw 0 -1.273 Td (its future dividend and/or in no way obligate the Group to declare a div\ idend at any time or from )Tj 0 Tw 0 -1.273 Td (time to time.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (FINAL DIVIDEND)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td [(T)0.5 (h)0.5 (e)0.5 ( )0.5 (B)0.5 (o)0.5 (a)0.5 (r)0.5 (d)0.5 ( )0.5 (d)0.5 (o)0.5 (e)0.5 (s)0.5 ( )0.5 (n)0.6 (o)0.5 (t)0.5 ( )0.5 (r)0.5 (e)0.5 (c)0.5 (o)0.5 (m)0.5 (m)0.5 (e)0.5 (n)0.5 (d)0.5 ( )0.5 (t)0.5 (h)0.5 (e)0.5 ( )0.5 (p)0.5 (a)0.5 (y)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.5 ( )0.5 (o)0.5 (f)0.6 ( )0.5 (a)0.5 ( )0.5 (f)0.5 (i)0.5 (n)0.5 (a)0.5 (l)0.5 ( )0.5 (d)0.5 (i)0.5 (v)0.5 (i)0.5 (d)0.5 (e)0.5 (n)0.5 (d)0.5 ( )0.5 (f)0.5 (o)0.5 (r)0.5 ( )0.5 (t)0.5 (h)0.5 (e)0.5 ( )0.5 (Y)0.5 (e)0.5 (a)0.5 (r)0.5 ( )0.6 (\(2)0.6 (02)0.5 (3)0.5 (:)0.5 ( )0.5 (N)0.5 (i)0.5 (l)0.5 (\))0.6 ( p)0.6 (u)0.5 (r)0.5 (s)0.5 (u)0.5 (a)0.5 (n)0.5 (t)0.5 ( )0.5 (t)0.5 (o )]TJ 0 -1.273 Td (the Dividend Policy.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (ENVIRONMENTAL POLICIES AND COMPLIANCE WITH LAWS AND REGULATIONS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.01 Tc 0.092 Tw 0 -1.273 Td [(As a responsible corporation, the Group is committed to maintaining high\ er environmental and)10 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (social standards to ensure sustainable development of its business. The \ Group has complied with )Tj 0.001 Tc 0.092 Tw 0 -1.273 Td [(all relevant laws and regulations in relation to its business including \ health and safety, workplace)1.1 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (conditions, employment and the environment. The Group understands a bett\ er future depends on )Tj 0.04 Tw 0 -1.273 Td (everyone\222s participation and contribution. It has encouraged employee\ s, customers, suppliers and )Tj 0.013 Tw 0 -1.273 Td (other stakeholders to participate in environmental and social activities\ which benefit the community )Tj 0.045 Tc 0.092 Tw 0 -1.273 Td [(as a whole. 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The payment of dividend is subject to the compliance with relate\ d laws and regulations, )Tj 0.039 Tw 0 -1.273 Td (including the laws of Bermuda, Company\222s Bye-laws, the Listing Rules,\ and the financial reporting )Tj 0.058 Tw 0 -1.273 Td (standards that the Group has adopted. The Board will continually review \ the Dividend Policy from )Tj 0.021 Tw 0 -1.273 Td (time to time and reserves the right to amend or modify the Dividend Poli\ cy as and when the Board )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(may deem necessary. 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No significant weakne\ sses in the )Tj 0 Tw 0 -1.273 Td (Group\222s internal control systems were reported from the external audi\ tor.)Tj 0.019 Tc 0.091 Tw -2.577 -2.545 Td [(B)0.5 (a)0.6 (s)0.5 (e)0.6 (d)0.5 ( o)0.5 (n)0.6 ( t)0.5 (h)0.6 (e)0.5 ( r)0.5 (e)0.6 (p)0.5 (o)0.5 (r)0.6 (t)0.5 (s)0.6 ( p)0.5 (r)0.6 (e)0.5 (p)0.5 (a)0.6 (r)0.5 (e)0.5 (d)0.6 ( b)0.5 (y)0.6 ( m)0.5 (a)0.5 (n)0.6 (a)0.5 (g)0.5 (e)0.6 (m)0.5 (e)0.6 (n)0.5 (t)0.5 (,)0.6 ( a)0.5 (n)0.5 (d)0.6 ( a)0.5 (l)0.5 (s)0.6 (o)0.5 ( t)0.6 (a)0.5 (k)0.5 (i)0.6 (n)0.5 (g)0.5 ( i)0.6 (n)0.5 (t)0.6 (o)0.5 ( a)0.5 (c)0.6 (c)0.5 (o)0.5 (u)0.6 (n)0.5 (t)0.6 ( t)0.6 (h)0.5 (e)19 ( )]TJ 0.001 Tc 0 -1.273 Td [(r)0.5 (e)0.6 (s)0.6 (u)0.5 (l)0.6 (t)0.5 (s)0.6 ( o)0.5 (f)0.5 ( t)0.5 (h)0.6 (e)0.5 ( a)0.5 (u)0.6 (d)0.6 (i)0.5 (t)0.5 ( c)0.5 (o)0.5 (n)0.6 (d)0.5 (u)0.6 (c)0.5 (t)0.6 (e)0.5 (d)0.6 ( b)0.5 (y)0.6 ( t)0.5 (h)0.6 (e)0.5 ( e)0.6 (x)0.5 (t)0.6 (e)0.5 (r)0.6 (n)0.5 (a)0.6 (l)0.5 ( a)0.6 (u)0.5 (d)0.6 (i)0.5 (t)0.6 (o)0.5 (r)0.6 (s)0.5 (,)0.6 ( t)0.5 (h)0.6 (e)0.5 ( A)0.6 (u)0.5 (d)0.6 (i)0.5 (t)0.6 ( C)0.5 (o)0.6 (m)0.5 (m)0.6 (i)0.5 (t)0.5 (t)0.6 (e)0.5 (e)0.6 ( a)0.5 (n)0.6 (d)0.5 ( t)0.6 (h)0.5 (e)1.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Board considered that for the Year under review:)Tj 0.013 Tc 0.092 Tw 0 -2.545 Td [(\()13 (i)13 (\))]TJ /Span<>> BDC 0.667 0 Td ( )Tj EMC 1.91 0 Td [(the risk management, internal controls and accounting systems of the Gro\ up)13 ( )]TJ 0.015 Tc 0 -1.273 Td [(are designed to provide reasonable but not absolute assurance that mater\ ial)15 ( )]TJ 0 Tc 0.076 Tw 0 -1.273 Td (assets are protected, business risks attributable to the Group are ident\ ified and )Tj 0 Tw 0 -1.273 Td (monitored, material transactions are executed in accordance with managem\ ent\222s )Tj 0 -1.273 Td (authorization and the financial statements are reliable for publication;\ )Tj 0.02 Tc 0.092 Tw -2.577 -2.545 Td [(\()20 (i)20 (i)20 (\))]TJ /Span<>> BDC 0.852 0 Td ( )Tj EMC 1.725 0 Td [(the risk management and internal controls systems of the Group have been\ )20 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (effectively implemented;)Tj 0.017 Tc 0.091 Tw -2.577 -2.545 Td [(\()17 (i)17 (i)17 (i)17 (\))]TJ /Span<>> BDC 1.037 0 Td ( )Tj EMC 1.54 0 Td [(t)0.5 (he)0.5 (r)0.5 (e is)0.5 ( a)0.5 (n ef)0.5 (f)0.5 (ec)0.5 (ti)0.5 (v)0.5 (e on)0.5 (-g)0.5 (o)0.5 (in)0.5 (g)0.5 ( p)0.5 (ro)0.5 (ce)0.5 (s)0.5 (s in)0.5 ( p)0.5 (la)0.5 (c)0.5 (e fo)0.5 (r)0.5 ( id)0.5 (e)0.5 (nt)0.5 (i)0.5 (fy)0.5 (i)0.5 (ng)0.5 (, ev)0.5 (a)0.5 (lu)0.5 (at)0.5 (i)0.5 (ng)0.5 ( a)0.5 (n)0.5 (d)17 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (managing significant potential risks faced by the Group; and)Tj 0.056 Tw -2.577 -2.545 Td (\(iv\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (the resources, staff qualifications and experience, training programs an\ d budget )Tj 0.009 Tc 0.092 Tw 0 -1.273 Td [(of the Group\222s accounting and financial reporting and internal audit \ functions,)9 ( )]TJ 0 Tc 0.041 Tw 0 -1.273 Td [(as well as environmental, social and governance )0.5 (performance and reporting, are )]TJ 0 Tw 0 -1.273 Td (adequate.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -5.154 -2.545 Td (c.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Auditor\222s Remuneration)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.065 Tw 0 -1.273 Td (The fees paid/payable to the external auditors for audit and non-audit s\ ervices for the )Tj 0 Tw 0 -1.273 Td (Year \(and the comparative figures for the year ended 30 June 2023\) are\ as follows:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 107.717 232.827 269.291 -12 re 447.874 232.827 70.866 -12 re 107.717 220.827 269.291 -14.835 re 447.874 220.827 70.866 -14.835 re f /CS0 cs 1 scn 377.008 232.827 70.866 -12 re 377.008 220.827 70.866 -14.835 re f 0.3 scn 377.008 205.992 70.866 -4 re 377.008 201.992 70.866 -12 re 377.008 189.992 70.866 -12 re 377.008 177.992 70.866 -13 re 377.008 164.992 70.866 -24 re 377.008 140.992 70.866 -3 re 377.008 137.992 70.866 -13 re 377.008 124.992 70.866 -4.262 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 9.5 0 0 10 421.0768 222.5268 Tm (2024)Tj /T1_0 1 Tf 7.46 0 Td (2023)Tj /T1_1 1 Tf -9.201 -1.2 Td (HK$\222000)Tj /T1_0 1 Tf 7.571 0 Td (HK$\222000)Tj 0 0 0 1 scn /GS1 gs -38.218 -1.883 Td (Audit services)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 32.945 0 Td (850)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.46 0 Td (960)Tj -40.404 -1.2 Td (Non-audit services)Tj /CS2 cs 0.3 1 scn /GS0 gs /T1_1 1 Tf 34.113 0 Td (\226)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.46 0 Td (\226)Tj -40.519 -1.3 Td (\226 Tax services for the Group)Tj 0.051 -1.2 Td (\226 Agreed upon on procedures on Group\222s annual results )Tj ( )Tj 1.79 -1.2 Td (announcement)Tj ET /CS2 CS 0.3 1 SCN 0.5 w /GS0 gs q 1 0 0 1 107.7166 138.2425 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 377.0079 138.2425 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.8741 138.2425 cm 0 0 m 70.866 0 l S Q BT /CS2 cs 0.3 1 scn /T1_1 1 Tf 9.5 0 0 10 426.3588 126.6924 Tm (850)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 7.46 0 Td (960)Tj ET 2 w /GS0 gs q 1 0 0 1 107.7166 121.7305 cm 0 0 m 269.291 0 l S Q q 1 0 0 1 377.0079 121.7305 cm 0 0 m 70.866 0 l S Q q 1 0 0 1 447.8741 121.7305 cm 0 0 m 70.866 0 l S Q endstream endobj 434 0 obj <> endobj 431 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (28)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (AUDIT, INTERNAL CONTROL AND RISK MANAGEMENT )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (b.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Risk Management and Internal Control )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Whistleblowing Policy)Tj /T1_0 1 Tf 0.022 Tc 0.092 Tw 0 -1.273 Td [(Whistleblowing policy of the Company has been formulated for the Group\222\ s)22 ( )]TJ 0.077 Tc 0 -1.273 Td [(employees and business partners to report any suspected or actual)76.9 ( )]TJ 0.003 Tc 0 -1.273 Td [(improprieties. An email account has been set up for this specific purpos\ e. The)3 ( )]TJ 0.002 Tc 0 -1.273 Td [(Audit Committee will investigate the )0.5 (reported cases in a confidential )0.5 (and timely)2 ( )]TJ 0 Tc 0.049 Tw 0 -1.273 Td (manner and report the results of investigations with appropriate follow-\ up action )Tj 0 Tw 0 -1.273 Td (to the Board.)Tj /T1_3 1 Tf -2.577 -2.545 Td (\(iii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Anti-Corruption Policy)Tj /T1_0 1 Tf 0.026 Tw 0 -1.273 Td (Anti-corruption policy of the Company has been formulated to safeguard a\ gainst )Tj 0.006 Tc 0.091 Tw 0 -1.273 Td [(c)0.5 (o)0.5 (r)0.5 (r)0.5 (u)0.5 (pt)0.6 (io)0.5 (n)0.5 ( an)0.5 (d)0.6 ( b)0.5 (r)0.5 (i)0.5 (b)0.5 (er)0.6 (y.)0.5 ( T)0.5 (h)0.5 (e G)0.5 (r)0.5 (o)0.5 (u)0.5 (p h)0.5 (a)0.5 (s)0.5 ( e)0.5 (s)0.5 (t)0.5 (a)0.5 (b)0.5 (l)0.5 (i)0.5 (sh)0.6 (ed)0.5 ( r)0.5 (e)0.5 (p)0.5 (o)0.5 (rt)0.5 (i)0.5 (n)0.5 (g)0.5 ( c)0.6 (ha)0.5 (n)0.5 (n)0.5 (e)0.5 (l)0.5 (s)0.5 ( t)0.5 (h)0.5 (a)0.5 (t)0.5 ( a)0.5 (re)6 ( )]TJ 0 Tc 0.074 Tw 0 -1.273 Td (open and available for employees and business partners of the Group to r\ eport )Tj 0.007 Tc 0.092 Tw 0 -1.273 Td [(any suspected corruption and bribery. The Audit Committee is responsible\ for)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (investigating the reported incidents and taking appropriate measures.)Tj /T1_3 1 Tf -2.577 -2.545 Td (\(iv\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Regular Reports and Meetings)Tj /T1_0 1 Tf 0.006 Tc 0.092 Tw 0 -1.273 Td [(Monthly management and financial reports of the Group\222s business team\ s are)6 ( )]TJ 0 Tc 0.026 Tw 0 -1.273 Td (prepared for the Board\222s review. Executive Directors hold periodic me\ etings with )Tj 0.012 Tc 0.092 Tw 0 -1.273 Td [(senior finance and operational management teams to review and discuss th\ e)12 ( )]TJ 0 Tc 0.031 Tw 0 -1.273 Td (business performance, and to address deficiencies of any key issues on a\ timely )Tj 0 Tw 0 -1.273 Td (basis.)Tj /T1_3 1 Tf -2.577 -2.545 Td (\(v\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Operation/Compliance Guidelines)Tj /T1_0 1 Tf 0.016 Tw 0 -1.273 Td (All major operations are governed by standard operating procedures/compl\ iance )Tj 0.02 Tc 0.091 Tw 0 -1.273 Td [(m)0.5 (a)0.5 (n)0.5 (u)0.6 (a)0.5 (l)0.5 (s)0.5 ( w)0.5 (i)0.5 (t)0.6 (h)0.5 ( a)0.5 (u)0.6 (t)0.5 (h)0.5 (o)0.5 (r)0.5 (i)0.5 (z)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.6 ( m)0.5 (a)0.5 (t)0.6 (r)0.5 (i)0.5 (x)0.5 ( a)0.5 (n)0.5 (d)0.5 ( s)0.6 (u)0.5 (p)0.5 (p)0.5 (l)0.5 (e)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.6 (e)0.5 (d)0.5 ( b)0.5 (y)0.6 ( w)0.5 (r)0.5 (i)0.6 (t)0.5 (t)0.5 (e)0.5 (n)0.5 ( p)0.6 (o)0.5 (l)0.5 (i)0.5 (c)0.5 (i)0.5 (e)0.5 (s)0.5 ( a)0.5 (n)0.5 (d)20 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (procedures tailored to the respective business units and support functio\ ns.)Tj 0.002 Tc 0.092 Tw -2.577 -2.545 Td [(Review and assessment of risk management and internal control systems du\ ring the)2 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Year under review were performed by:)Tj /T1_3 1 Tf 1.448 Tw 0 -2.545 Td (\(i\))Tj /Span<>> BDC ( )Tj EMC (Management)Tj /T1_0 1 Tf 0.03 Tc 0.091 Tw 2.577 -1.273 Td [(The management, responsible for the design, implementation and ongoing)30 ( )]TJ 0.022 Tc 0 -1.273 Td [(asses)0.5 (sment of risk management and)0.5 ( inte)0.5 (rnal control system)0.5 (s, r)0.5 (eported and)22 ( )]TJ 0.005 Tc 0.092 Tw 0 -1.273 Td [(confirmed to the Board and the Audit Committee on the effectiveness of s\ uch)5 ( )]TJ 0 Tc 0.069 Tw 0 -1.273 Td (systems. The Board through the management had conducted an annual review\ )Tj 0.015 Tc 0.091 Tw 0 -1.273 Td [(of the risk management and internal control systems of the Group under t\ he)15 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (code provision D.2.1 of the CG Code.)Tj /T1_3 1 Tf -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Audit Committee)Tj /T1_0 1 Tf 0.011 Tc 0.091 Tw 0 -1.273 Td [(T)0.5 (h)0.5 (e A)0.5 (ud)0.5 (i)0.5 (t)0.5 ( C)0.5 (o)0.5 (mm)0.5 (i)0.5 (t)0.5 (t)0.5 (e)0.5 (e re)0.5 (v)0.5 (i)0.5 (e)0.5 (we)0.5 (d)0.5 ( t)0.5 (h)0.5 (e)0.5 ( a)0.5 (d)0.5 (eq)0.5 (u)0.5 (a)0.5 (c)0.5 (y o)0.5 (f r)0.5 (es)0.5 (o)0.5 (u)0.5 (r)0.5 (ce)0.5 (s)0.5 (,)0.5 ( s)0.5 (t)0.5 (a)0.5 (f)0.5 (f q)0.5 (ua)0.5 (l)0.5 (i)0.5 (f)0.5 (ic)0.5 (a)0.5 (t)0.5 (io)0.5 (n)0.5 (s)11 ( )]TJ 0.012 Tc 0.092 Tw 0 -1.273 Td [(and experience, training programmes and budget of the Group\222s account\ ing,)12 ( )]TJ 0 Tc 0.036 Tw 0 -1.273 Td (internal audit and financial reporting functions, under the code provisi\ on D.2.2 of )Tj 0 Tw 0 -1.273 Td (the CG Code.)Tj ET endstream endobj 432 0 obj <> endobj 429 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (27)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (3.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (AUDIT, INTERNAL CONTROL AND RISK MANAGEMENT )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (b.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Risk Management and Internal Control )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.017 Tc 0.091 Tw 0 -1.273 Td [(The Board is committed to the management, identification and monitoring \ of risks)17 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(\(including risks related to environmental, social and governance\) asso\ ciated with its)10 ( )]TJ 0.019 Tc 0.091 Tw 0 -1.273 Td [(b)0.5 (u)0.5 (si)0.5 (n)0.5 (e)0.5 (ss)0.5 ( a)0.5 (c)0.5 (ti)0.5 (v)0.5 (i)0.5 (ti)0.5 (e)0.5 (s)0.5 ( an)0.5 (d)0.5 ( h)0.5 (a)0.5 (s)0.5 ( i)0.5 (mp)0.5 (l)0.5 (em)0.5 (e)0.5 (n)0.5 (t)0.5 (ed)0.5 ( a)0.5 (n)0.5 ( e)0.5 (f)0.5 (fe)0.5 (c)0.5 (ti)0.5 (v)0.5 (e)0.5 ( a)0.5 (nd)0.5 ( s)0.5 (o)0.5 (u)0.5 (n)0.5 (d r)0.5 (i)0.5 (s)0.5 (k m)0.5 (an)0.5 (a)0.5 (ge)0.5 (m)0.5 (en)0.5 (t)19 ( )]TJ 0.003 Tc 0.092 Tw 0 -1.273 Td [(and internal controls systems to manage the risk associated with its bus\ inesses and)3.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (operations. 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Accordingly, the Board has prepared the financial \ statements of )Tj 0.002 Tw 0 -1.273 Td (the Group on a going concern basis. 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The)26 ( )]TJ 0 Tc 0.086 Tw 0 -1.273 Td (Audit Committee also met with the Company\222s auditors twice during the\ Year for the )Tj 0 Tw 0 -1.273 Td (purpose of reviewing the Company\222s financial reports and accounts.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (b.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Remuneration Committee)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.005 Tc 0.092 Tw 0 -1.273 Td [(The Remuneration Committee consists of one executive Director, namely Mr\ . Zhang)5.1 ( )]TJ 0 Tc 0.054 Tw 0 -1.273 Td (Sanhuo and three independent non-executive Directors, namely, Mr. So Ste\ phen Hon )Tj 0 Tw 0 -1.273 Td (Cheung \(chairman of the committee\), Mr. Zhou Chunsheng and Mr. Tian Ho\ ng.)Tj 0.017 Tc 0.092 Tw 0 -2.545 Td [(The main functions of the Remuneration Committee include reviewing and m\ aking)17 ( )]TJ 0 Tc 0.088 Tw 0 -1.273 Td [(recommendations )0.6 (to the )0.6 (Board )0.5 (on )0.5 (the remuneration )0.6 (packages )0.5 (of )0.5 (individual executive )]TJ 0.035 Tc 0.091 Tw 0 -1.273 Td [(Dir)0.5 (ect)0.5 (ors an)0.5 (d se)0.5 (nior)0.5 ( mana)0.5 (geme)0.5 (nt,)0.5 ( t)0.5 (he re)0.5 (mun)0.5 (erat)0.5 (ion)0.5 ( p)0.5 (olic)0.5 (y and s)0.5 (tru)0.5 (ctu)0.5 (re fo)0.5 (r all)35 ( )]TJ 0 Tc 0.054 Tw 0 -1.273 Td (Directors and senior management; establishing transparent procedures for\ developing )Tj 0.033 Tc 0.092 Tw 0 -1.273 Td [(such remuneration policy and structure to ensure that no Director or any\ of his)33 ( )]TJ 0.018 Tc 0 -1.273 Td [(associates will participate in deciding his own remuneration; and review\ ing and/or)18 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (approving matters relating to share schemes under Chapter 17 of the List\ ing Rules.)Tj 0.046 Tc 0.092 Tw 0 -2.545 Td [(During the Year, the Remuneration Committee met twice to review and make\ )46 ( )]TJ 0.04 Tc 0 -1.273 Td [(recommendation to the Board on the remuneration policy and structure of \ the)40 ( )]TJ 0.034 Tc 0 -1.273 Td [(Company, and the remuneration packages of the executive Director and sen\ ior)34 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (management and other related matters.)Tj 0.061 Tw 0 -2.545 Td (Details of the remuneration of each Director for the Year are set out in\ Note 12 to the )Tj 0 Tw 0 -1.273 Td (financial statements.)Tj ET endstream endobj 462 0 obj <> endobj 459 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (24)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (m.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Directors\222 լƵ Transactions)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.049 Tc 0.092 Tw 0 -1.273 Td [(The Company has adopted a code of conduct regarding directors\222 securi\ ties)49 ( )]TJ 0.026 Tc 0 -1.273 Td [(transactions on terms no less exacting than the required standard set ou\ t in the)26 ( )]TJ 0.015 Tc 0 -1.273 Td [(Model Code for լƵ Transactions by Directors of )0.5 (Listed Issuers \(the \223)]TJ /T1_1 1 Tf -0.015 Tw [(Model)15 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Code)Tj /T1_0 1 Tf 0.083 Tw (\224\) as set out in Appendix C3 to the Listing Rules. Having made speci\ fic enquiry )Tj 0.003 Tc 0.092 Tw 0 -1.273 Td [(of all Directors by the Company, all Directors confirmed that they had c\ omplied with)3.1 ( )]TJ 0 Tc 0 -1.273 Td (the required standards set out in the Model Code and its code of conduct\ regarding )Tj 0 Tw 0 -1.273 Td (directors\222 securities transactions during the Year.)Tj 0.02 Tc 0.092 Tw 0 -2.545 Td [(Pursuant to paragraph A.3 of Appendix C3 to the Listing Rules, the Direc\ tors are)20 ( )]TJ 0.019 Tc 0.091 Tw 0 -1.273 Td [(p)0.5 (r)0.5 (oh)0.5 (i)0.5 (b)0.5 (it)0.5 (e)0.5 (d f)0.5 (ro)0.5 (m)0.5 ( d)0.5 (e)0.5 (al)0.5 (i)0.5 (ng)0.5 ( i)0.5 (n)0.5 ( a)0.5 (n)0.5 (y s)0.5 (ec)0.5 (u)0.5 (r)0.5 (it)0.5 (i)0.5 (es)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.5 (e)0.5 ( C)0.5 (om)0.5 (p)0.5 (a)0.5 (ny)0.5 ( o)0.5 (n)0.5 ( a)0.5 (n)0.5 (y d)0.5 (a)0.5 (y)0.5 ( o)0.5 (n)0.5 ( w)0.5 (hi)0.5 (c)0.5 (h)0.5 ( i)0.5 (ts)19 ( )]TJ 0 Tc 0.039 Tw 0 -1.273 Td (financial results are published and during the period of 60 days immedia\ tely preceding )Tj 0 Tw 0 -1.273 Td (the publication date of the annual results.)Tj 0.092 Tw 0 -2.545 Td (The Company has also established written guidelines on terms no less exa\ cting than )Tj 0.007 Tc 0 -1.273 Td (the Model Code for securities transactions by employees \(the \223)Tj /T1_1 1 Tf [(Employees Written)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Guidelines)Tj /T1_0 1 Tf (\224\) who are likely to be in possession of inside information of the C\ ompany.)Tj 0.049 Tc 0.091 Tw 0 -2.545 Td [(No incident of non-compliance with the Employees Written Guidelines by t\ he)49 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (employees was noted by the Board.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -5.154 -2.545 Td (2.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD COMMITTEES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.069 Tc 0.092 Tw 0 -1.273 Td [(The Board has )0.5 (established three )0.5 (committees, )0.5 (namely the )0.5 (Audit )0.5 (Committee, the)69 ( )]TJ 0 Tc 0.071 Tw 0 -1.273 Td (Remuneration Committee and the Nomination Committee, for overseeing part\ icular aspects )Tj 0.018 Tw 0 -1.273 Td (of the Company\222s affairs. All Board committees of the Company are est\ ablished with defined )Tj 0.002 Tc 0.091 Tw 0 -1.273 Td [(written terms of reference. The terms of reference of the Board committe\ es are posted on)2 ( )]TJ 0.003 Tc 0.092 Tw 0 -1.273 Td [(the respective websites of the Company and the Stock Exchange and are av\ ailable to the)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Shareholders upon request.)Tj 0.023 Tc 0.091 Tw 0 -2.545 Td [(The majority of the members of each Board committee are independent non-\ executive)23 ( )]TJ 0.013 Tc 0.092 Tw 0 -1.273 Td [(Directors and the list of the chairman and members of each Board committ\ ee is set out)13 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (under \223Corporate Information\224 on page 3 of this annual report.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (a.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Audit Committee)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.092 Tw 0 -1.273 Td (The Audit Committee consists of three independent non-executive Director\ s, namely, )Tj 0.081 Tw 0 -1.273 Td [(Mr. So Stephen )0.5 (Hon Cheung \(chairman of )0.5 (the committee\), Mr. Zhou Chunsheng and )]TJ 0 Tw 0 -1.273 Td (Mr. Tian Hong.)Tj 0.036 Tw 0 -2.545 Td (The Audit Committee was established with written terms of reference that\ sets out the )Tj 0.056 Tw 0 -1.273 Td (authorities and duties of the Audit Committee adopted by the Board. The \ functions of )Tj 0.009 Tc 0.092 Tw 0 -1.273 Td [(risk management, internal control and corporate governance were adopted \ into the)9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (terms of reference of Audit Committee in compliance with the Listing Rul\ es.)Tj ET endstream endobj 460 0 obj <> endobj 457 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (23)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (j.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Board Independence)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.003 Tw 0 -1.273 Td [(The )0.5 (Company )0.6 (has )0.6 (established )0.6 (mechanisms )0.6 (to )0.5 (ensure )0.6 (independent )0.5 (views )0.5 (and )0.5 (input )0.6 (are )]TJ 0.032 Tw 0 -1.273 Td (available to the Board and conducted review of such mechanisms on an ann\ ual basis. )Tj 0.024 Tw 0 -1.273 Td (All Directors are entitled to seek, at the Company\222s expense, indepen\ dent professional )Tj 0 Tw 0 -1.273 Td (advice reasonably necessary for discharging their duties as Directors.)Tj 0.057 Tw 0 -2.545 Td [(The )0.5 (Nomination )0.5 (Committee )0.5 (annually )0.6 (assesses )0.6 (the )0.6 (independence )0.6 (of )0.5 (independent )0.5 (non-)]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(executive Directors during their term of services. The Company received \ from each)10 ( )]TJ 0.012 Tc 0 -1.273 Td [(of the independent non-executive Directors a written confirmation of ind\ ependence)12 ( )]TJ 0.023 Tc 0.091 Tw 0 -1.273 Td [(pu)0.5 (rs)0.5 (ua)0.5 (nt)0.5 ( to)0.5 ( R)0.5 (ul)0.5 (e 3)0.5 (.13)0.5 ( of t)0.5 (he)0.5 ( Li)0.5 (sti)0.5 (ng)0.5 ( Ru)0.5 (les)0.5 (. B)0.5 (ase)0.5 (d o)0.5 (n s)0.5 (uch)0.5 ( co)0.5 (nf)0.5 (ir)0.5 (mat)0.5 (ion)0.5 (s a)0.5 (nd)0.5 ( th)0.5 (e)23 ( )]TJ 0.011 Tc 0 -1.273 Td [(opinion of the Nomination Committee, the Company considers that all inde\ pendent)11 ( )]TJ 0 Tc 0.077 Tw 0 -1.273 Td (non-executive Directors continue to demonstrate strong independence and \ all remain )Tj 0 Tw 0 -1.273 Td (independent.)Tj 0.031 Tw 0 -2.545 Td (The Board has reviewed the implementation and effectiveness of the mecha\ nisms and )Tj 0 Tw 0 -1.273 Td (considered them to be effective for the Year.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (k.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Directors\222 and Officers\222 Insurance)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.003 Tc 0.092 Tw 0 -1.273 Td [(The Company has arranged appropriate insurance cover in respect of poten\ tial legal)3.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (actions against the Directors and officers of the Company.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (l.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Continuous Professional Development)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.038 Tc 0.091 Tw 0 -1.273 Td [(Every newly appointed Director will receive formal, comprehensive and ta\ ilored)38 ( )]TJ 0 Tc 0.019 Tw 0 -1.273 Td (induction on the first occasion of his appointment to ensure appropriate\ understanding )Tj 0.027 Tc 0.091 Tw 0 -1.273 Td [(of the business and operations of the Company and full awareness of Dire\ ctor\222s)27 ( )]TJ 0.048 Tc 0.092 Tw 0 -1.273 Td [(responsibilities and obligations under the Listing Rules and relevant st\ atutory)48 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (requirements.)Tj 0.018 Tc 0.092 Tw 0 -2.545 Td [(Directors are continually updated on developments in the statutory and r\ egulatory)18 ( )]TJ 0 Tc 0.019 Tw 0 -1.273 Td (regime and the business environment to facilitate the discharge of their\ responsibilities. )Tj 0.012 Tc 0.091 Tw 0 -1.273 Td [(C)0.5 (o)0.6 (n)0.5 (t)0.5 (i)0.5 (n)0.6 (u)0.5 (i)0.5 (n)0.5 (g)0.6 ( b)0.6 (r)0.5 (i)0.5 (e)0.5 (f)0.6 (i)0.5 (n)0.5 (g)0.6 ( a)0.6 (n)0.5 (d)0.5 ( p)0.5 (r)0.6 (o)0.5 (f)0.5 (e)0.5 (s)0.6 (s)0.5 (i)0.5 (o)0.5 (n)0.6 (a)0.5 (l)0.5 ( d)0.5 (e)0.6 (v)0.5 (e)0.5 (l)0.5 (o)0.5 (p)0.6 (m)0.5 (e)0.5 (n)0.6 (t)0.5 ( f)0.5 (o)0.5 (r)0.5 ( t)0.6 (h)0.5 (e)0.5 ( D)0.5 (i)0.5 (r)0.6 (e)0.5 (c)0.5 (t)0.6 (o)0.5 (r)0.5 (s)0.5 ( w)0.5 (i)0.6 (l)0.5 (l)0.5 ( b)0.5 (e)0.5 ( a)0.5 (r)0.6 (r)0.5 (a)0.5 (n)0.6 (g)0.5 (e)0.5 (d)12 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (where necessary.)Tj 0.003 Tc 0.092 Tw 0 -2.545 Td [(Directors are requested to provide the Company with their )0.5 (respective )0.5 (training record)3.1 ( )]TJ -0.001 Tc 0 Tw 0 -1.273 Td [(pursuant to code provision C.1.4 of the CG Code. According to the record\ s maintained)-1 ( )]TJ 0.003 Tc 0.091 Tw 0 -1.273 Td [(b)0.5 (y)0.5 ( t)0.5 (h)0.5 (e)0.5 ( C)0.5 (o)0.5 (m)0.5 (p)0.5 (an)0.5 (y)0.5 (,)0.5 ( d)0.5 (u)0.5 (r)0.5 (i)0.5 (n)0.5 (g)0.5 ( t)0.5 (h)0.5 (e)0.5 ( Y)0.5 (e)0.5 (a)0.5 (r)0.5 (, e)0.5 (ac)0.5 (h)0.5 ( of)0.5 ( t)0.5 (he)0.5 ( D)0.5 (ir)0.5 (e)0.5 (c)0.5 (t)0.5 (o)0.5 (r)0.5 (s)0.5 ( n)0.5 (a)0.5 (me)0.5 (l)0.5 (y)0.5 (,)0.5 ( M)0.5 (r)0.5 (.)0.5 ( Z)0.5 (h)0.5 (a)0.5 (n)0.5 (g)0.5 ( S)0.5 (a)0.5 (n)0.5 (h)0.5 (u)0.5 (o,)3 ( )]TJ 0 Tc 0.062 Tw 0 -1.273 Td (Mr. So Stephen Hon Cheung, Mr. Zhou Chunsheng, Mr. Tian Hong and Ms. An \ Juan )Tj 0.038 Tw 0 -1.273 Td (participated in continuous professional development by \(i\) attending e\ xternal seminars, )Tj 0.022 Tc 0.091 Tw 0 -1.273 Td [(training courses, conferences and programs; or \(ii\) reading relevant m\ aterials and)22 ( )]TJ 0.006 Tc 0.092 Tw 0 -1.273 Td [(updates, relating to corporate governance practices, directors\222 dutie\ s, Listing Rules,)6 ( )]TJ 0.028 Tc 0 -1.273 Td [(relevant laws and regulations, and business development of the IT indust\ ry. The)28.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Company Secretary has taken not less than 15 hours of relevant professio\ nal training.)Tj ET endstream endobj 458 0 obj <> endobj 455 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (22)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (h.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Board Diversity)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.066 Tw 0 -1.273 Td (Pursuant to the CG Code, the Board has adopted a board diversity policy \ which was )Tj 0.004 Tc 0.092 Tw 0 -1.273 Td (revised in June 2023 \(the \223)Tj /T1_1 1 Tf (Board Diversity Policy)Tj /T1_0 1 Tf [(\224\). The Company recognises and)4 ( )]TJ 0.019 Tc 0 -1.273 Td [(embraces the benefits of having a diverse Board, and sees increasing div\ ersity at)19 ( )]TJ 0.012 Tc 0 -1.273 Td [(Board )0.6 (level )0.5 (as )0.6 (an )0.6 (essential )0.5 (element )0.6 (in )0.6 (maintaining )0.5 (a )0.5 (competitive )0.5 (advantage. )0.5 (A )0.6 (truly)12 ( )]TJ 0 Tc 0.056 Tw 0 -1.273 Td (diverse Board will include and make good use of differences in the skill\ s, regional and )Tj 0.069 Tw 0 -1.273 Td (industry experience, background, race, gender and other qualities of Dir\ ectors. These )Tj 0.005 Tc 0.092 Tw 0 -1.273 Td [(differences will be considered in determining the optimum composition of\ the Board)5.1 ( )]TJ 0.019 Tc 0 -1.273 Td [(and when possible should be balanced appropriately. All Board appointmen\ ts are)18.9 ( )]TJ 0 Tc 0.03 Tw 0 -1.273 Td (made on merit and candidates will be considered against objective criter\ ia, having due )Tj 0 Tw 0 -1.273 Td (regard for the benefits of diversity on the Board.)Tj 0.053 Tw 0 -2.545 Td (The Nomination Committee will discuss annually for achieving diversity f\ rom a number )Tj 0.026 Tc 0.092 Tw 0 -1.273 Td [(of aspects, including but not limited to gender, age, ethnicity, skills,\ cultural and)26 ( )]TJ 0.018 Tc 0 -1.273 Td [(educational background, professional experience and knowledge. The Nomin\ ation)18 ( )]TJ 0.008 Tc 0.091 Tw 0 -1.273 Td [(C)0.5 (o)0.6 (m)0.5 (m)0.5 (i)0.6 (t)0.5 (t)0.5 (e)0.5 (e)0.6 ( w)0.5 (i)0.5 (l)0.5 (l)0.6 ( a)0.5 (l)0.5 (s)0.6 (o)0.5 ( c)0.5 (o)0.5 (n)0.6 (d)0.5 (u)0.5 (c)0.6 (t)0.5 ( a)0.5 ( r)0.5 (e)0.6 (v)0.5 (i)0.5 (e)0.5 (w)0.6 ( o)0.5 (f)0.5 ( t)0.5 (h)0.6 (e)0.5 ( p)0.5 (o)0.6 (l)0.5 (i)0.5 (c)0.5 (y)0.6 ( p)0.5 (e)0.5 (r)0.6 (i)0.5 (o)0.5 (d)0.5 (i)0.6 (c)0.5 (a)0.5 (l)0.6 (l)0.5 (y)0.5 ( w)0.5 (h)0.6 (i)0.5 (c)0.5 (h)0.6 ( w)0.6 (i)0.5 (l)0.5 (l)0.5 ( i)0.6 (n)0.5 (c)0.5 (l)0.6 (u)0.5 (d)0.5 (e)0.6 ( a)0.6 (n)8 ( )]TJ 0 Tc 0.056 Tw 0 -1.273 Td (assessment of the effectiveness of the policy and recommend any proposed\ changes )Tj 0.032 Tw 0 -1.273 Td [(to rectify )0.5 (identified )0.5 (deficiencies for )0.5 (the )0.5 (approval )0.5 (by the )0.5 (Board. )0.5 (The Board )0.5 (has )0.5 (reviewed )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(the implementation and effectiveness of the Board Diversity Policy for t\ he Year and)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (considered it to be effective.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (i.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Gender Diversity)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.025 Tw 0 -1.273 Td (The Company aims to avoid a single gender Board and will review the gend\ er diversity )Tj 0.006 Tc 0.091 Tw 0 -1.273 Td [(of)0.5 ( th)0.5 (e B)0.5 (oar)0.5 (d f)0.5 (ro)0.5 (m ti)0.5 (me)0.5 ( to t)0.5 (im)0.5 (e i)0.5 (n ac)0.5 (cor)0.5 (da)0.5 (nc)0.5 (e wi)0.5 (th)0.5 ( th)0.5 (e bu)0.5 (si)0.5 (ne)0.5 (ss)0.5 ( de)0.5 (vel)0.5 (opm)0.5 (en)0.5 (t o)0.5 (f t)0.5 (he)6 ( )]TJ 0.005 Tc 0.092 Tw 0 -1.273 Td [(Group. The Company believes the gender diversity of the Board would enha\ nce the)5 ( )]TJ 0.007 Tc 0 -1.273 Td [(business )0.5 (development )0.5 (of )0.5 (the )0.5 (Group )0.5 (and )0.5 (bring more )0.5 (inspiration )0.5 (to )0.5 (the Board, )0.5 (hence)7 ( )]TJ 0.02 Tc 0.091 Tw 0 -1.273 Td [(gender diversity is one of the essential factors for the Company to sele\ ct suitable)20 ( )]TJ 0 Tc 0.092 Tw 0 -1.273 Td (candidate as a Director. The Board currently consists of four male Direc\ tors and one )Tj 0 -1.273 Td [(female )0.5 (Director. )0.5 (On )0.5 (27 )0.5 (June )0.5 (2024, )0.5 (the )0.5 (Company )0.5 (had )0.5 (appointed )0.5 (Ms. )0.5 (An )0.5 (Juan )0.5 (as )0.5 (the )]TJ 0 Tw 0 -1.273 Td (executive Director.)Tj 0.04 Tc 0.092 Tw 0 -2.545 Td [(The gender ratio in the workforce of the Group \(including senior manage\ ment\))40 ( )]TJ 0.024 Tc 0 -1.273 Td [(for the Year was approximately 67% male and approximately 33% female \(2\ 023:)24 ( )]TJ 0.022 Tc 0.091 Tw 0 -1.273 Td [(a)0.5 (p)0.6 (p)0.6 (r)0.5 (o)0.6 (x)0.5 (i)0.6 (m)0.5 (a)0.6 (t)0.5 (e)0.5 (l)0.6 (y)0.6 ( 7)0.5 (7)0.5 (%)0.6 ( m)0.6 (a)0.5 (l)0.6 (e)0.5 ( a)0.6 (n)0.5 (d)0.6 ( a)0.5 (p)0.6 (p)0.5 (r)0.6 (o)0.5 (x)0.6 (i)0.5 (m)0.6 (a)0.5 (t)0.6 (e)0.5 (l)0.6 (y)0.5 ( 2)0.5 (3)0.5 (%)0.6 ( f)0.6 (e)0.5 (m)0.6 (a)0.5 (l)0.5 (e)0.6 (\))0.5 (.)0.6 ( T)0.5 (h)0.6 (e)0.5 ( G)0.6 (r)0.5 (o)0.6 (u)0.6 (p)0.5 ( e)0.6 (n)0.5 (c)0.6 (o)0.5 (u)0.6 (r)0.5 (a)0.6 (g)0.5 (e)0.6 (s)22 ( )]TJ 0.092 Tw 0 -1.273 Td [(gender diversity across its workplace. To achieve diversity at workforce\ level, the)22 ( )]TJ 0.01 Tc 0 -1.273 Td [(Group has put in place appropriate recruitment and selection practices s\ uch that a)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (diverse range of candidates are considered.)Tj ET endstream endobj 456 0 obj <> endobj 453 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (21)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (f.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Delegation by the Board)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.032 Tc 0.091 Tw 0 -1.273 Td [(While at all times the Board retains full responsibility for guiding and\ monitoring)32 ( )]TJ 0.033 Tc 0.092 Tw 0 -1.273 Td [(the management and operations of the Group, in discharging its duties, c\ ertain)33 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (responsibilities are delegated to:)Tj 0.002 Tc 0.091 Tw 0 -2.545 Td [(\()2 (i)2 (\))]TJ /Span<>> BDC 0.667 0 Td ( )Tj EMC 1.91 0 Td [(t)0.5 (h)0.6 (e)0.5 ( s)0.5 (t)0.5 (a)0.5 (n)0.5 (d)0.6 (i)0.5 (n)0.5 (g)0.5 ( B)0.5 (o)0.6 (a)0.5 (r)0.5 (d)0.5 ( c)0.5 (o)0.5 (m)0.6 (m)0.5 (i)0.5 (t)0.5 (t)0.5 (e)0.6 (e)0.5 (s)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.6 (e)0.5 ( C)0.6 (o)0.5 (m)0.5 (p)0.5 (a)0.6 (n)0.5 (y)0.5 ( n)0.5 (a)0.5 (m)0.5 (e)0.6 (l)0.5 (y)0.5 (:)0.5 ( t)0.5 (h)0.5 (e)0.6 ( A)0.6 (u)0.5 (d)0.5 (i)0.5 (t)0.6 ( C)0.6 (o)0.5 (m)0.5 (m)0.5 (i)0.5 (t)0.6 (t)0.5 (e)0.5 (e)0.5 (,)2 ( )]TJ 0.031 Tc 0 -1.273 Td [(t)0.6 (h)0.5 (e)0.6 ( N)0.5 (o)0.6 (m)0.5 (i)0.6 (n)0.5 (a)0.6 (t)0.5 (i)0.6 (o)0.5 (n)0.6 ( C)0.6 (o)0.5 (m)0.6 (m)0.5 (i)0.6 (t)0.5 (t)0.6 (e)0.5 (e)0.6 ( a)0.5 (n)0.6 (d)0.6 ( t)0.5 (h)0.6 (e)0.5 ( R)0.6 (e)0.5 (m)0.6 (u)0.6 (n)0.5 (e)0.6 (r)0.5 (a)0.6 (t)0.5 (i)0.6 (o)0.5 (n)0.6 ( C)0.6 (o)0.5 (m)0.6 (m)0.5 (i)0.6 (t)0.5 (t)0.6 (e)0.5 (e)0.6 (.)0.5 ( E)0.6 (a)0.5 (c)0.6 (h)0.6 ( B)0.5 (o)0.6 (a)0.5 (r)0.6 (d)31 ( )]TJ 0.003 Tc 0.092 Tw 0 -1.273 Td [(committee\222s constitution, powers and duties are clearly defined by it\ s terms of)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (reference, and the Board committees are accountable to the Board;)Tj 0.034 Tw -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td [(the Chief Executive Officer, )0.5 (being delegated with the day-to-day management of )]TJ 0 Tw 0 -1.273 Td (the businesses of the Group, is accountable to the Board; 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and)Tj 0.019 Tc 0.091 Tw -2.577 -2.545 Td [(\()19 (v)19 (\))]TJ /Span<>> BDC 0.945 0 Td ( )Tj EMC 1.632 0 Td [(r)0.5 (e)0.6 (v)0.5 (i)0.6 (e)0.5 (w)0.5 (i)0.6 (n)0.5 (g)0.6 ( t)0.5 (h)0.6 (e)0.5 ( G)0.5 (r)0.6 (o)0.5 (u)0.6 (p)0.5 (\222)0.6 (s)0.5 ( c)0.6 (o)0.5 (m)0.6 (p)0.5 (l)0.5 (i)0.6 (a)0.5 (n)0.6 (c)0.5 (e)0.6 ( w)0.5 (i)0.5 (t)0.6 (h)0.5 ( t)0.6 (h)0.5 (e)0.6 ( C)0.5 (G)0.6 ( C)0.5 (o)0.5 (d)0.6 (e)0.5 ( a)0.6 (n)0.5 (d)0.6 ( d)0.5 (i)0.5 (s)0.6 (c)0.5 (l)0.6 (o)0.5 (s)0.6 (u)0.5 (r)0.6 (e)0.5 (s)0.6 ( i)0.5 (n)0.5 ( t)0.5 (h)0.5 (i)0.6 (s)19 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (corporate governance report.)Tj 0.027 Tc 0.092 Tw -2.577 -2.545 Td [(The Board has delegated its responsibilities of performing corporate gov\ ernance)27 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (duties to the Audit Committee. The Audit Committee reviews the Group\222\ s policies and )Tj -0.001 Tc 0 Tw 0 -1.273 Td [(practices on corporate governance, reports and makes recommendations to \ the Board)-1 ( )]TJ 0 Tc 0 -1.273 Td (regarding matters set out in the code provisions.)Tj ET endstream endobj 454 0 obj <> endobj 443 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 444 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 445 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 446 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 447 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 472 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (20)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (e.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Distinctive Roles of the Board and the Management)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.052 Tw 0 -1.273 Td [(The )0.5 (Board )0.5 (is )0.5 (collectively )0.5 (responsible )0.6 (for )0.5 (long-term )0.5 (success )0.6 (of the Group )0.5 (and )0.5 (interests )]TJ -0.002 Tc 0 Tw 0 -1.273 Td [(of Shareholders. 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The principal responsibilities of the senior management in\ clude the)22 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (following:)Tj 0 -2.545 Td (\(i\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (running of day-to-day management of the Group\222s businesses operation;\ )Tj -2.577 -2.545 Td (\(ii\))Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (implementation of the Group\222s business plans and strategies;)Tj 0.036 Tc 0.092 Tw -2.577 -2.545 Td [(\()36 (i)36 (i)36 (i)36 (\))]TJ /Span<>> BDC 1.037 0 Td ( )Tj EMC 1.54 0 Td [(design, implementation and maintenance of appropriate and effective risk\ )36 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (management and internal control systems; and)Tj 0.01 Tc 0.092 Tw -2.577 -2.545 Td [(\()10 (i)10 (v)10 (\))]TJ /Span<>> BDC 1.13 0 Td ( )Tj EMC 1.447 0 Td [(monitoring and assessment of the performance of each business team of th\ e)10 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Group.)Tj ET endstream endobj 473 0 obj <> endobj 470 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (19)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (c.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Company Secretary)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.005 Tc 0.092 Tw 0 -1.273 Td (The company secretary \(the \223)Tj /T1_1 1 Tf (Company Secretary)Tj /T1_0 1 Tf [(\224\) of the Company reports to the)5 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (Chairman and is responsible for advising the Board on corporate governan\ ce matters. )Tj 0.003 Tc 0.092 Tw 0 -1.273 Td [(During the Year, the Company Secretary had complied with the professiona\ l training)3.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (requirements under the Rule 3.29 of the Listing Rules.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (d.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Appointment, Re-election and Removal of Directors)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.026 Tw 0 -1.273 Td (A Director may be appointed either by the Shareholders in a general meet\ ing or by the )Tj 0.011 Tc 0.091 Tw 0 -1.273 Td [(Board upon the recommendation from the Nomination Committee. The Nominat\ ion)11 ( )]TJ 0 Tc 0.092 Tw 0 -1.273 Td (Committee will take into consideration criteria such as expertise, exper\ ience, integrity )Tj 0.021 Tc 0 -1.273 Td [(and )0.6 (commitment )0.6 (in )0.6 (appointment )0.5 (of )0.5 (new )0.5 (Directors. )0.5 (All )0.5 (candidates )0.6 (must )0.5 (also )0.5 (meet)21 ( )]TJ 0.01 Tc 0 -1.273 Td [(the )0.6 (standards )0.5 (as )0.5 (set )0.5 (forth )0.6 (in )0.5 (Rules )0.6 (3.08 )0.5 (and )0.6 (3.09 )0.5 (of )0.5 (the )0.6 (Listing )0.5 (Rules. )0.5 (A )0.5 (candidate)10 ( )]TJ 0.003 Tc 0 -1.273 Td [(who )0.5 (is )0.5 (to )0.5 (be )0.5 (appointed )0.5 (as )0.5 (independent )0.5 (non-executive )0.5 (Director )0.5 (should )0.5 (also )0.5 (meet )0.5 (the)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (independence criteria set out in Rule 3.13 of the Listing Rules.)Tj 0.01 Tc 0.092 Tw 0 -2.545 Td [(During the Year, the Company had complied with Rules 3.10\(1\), 3.10\(2\)\ and 3.10A)10 ( )]TJ 0.002 Tc 0.091 Tw 0 -1.273 Td [(of)0.5 ( the)0.5 ( Lis)0.5 (tin)0.5 (g Ru)0.5 (les)0.5 ( reg)0.5 (ard)0.5 (ing)0.5 ( t)0.5 (he)0.5 ( a)0.5 (pp)0.5 (oin)0.5 (tmen)0.5 (t of)0.5 ( a su)0.5 (ff)0.5 (icie)0.5 (nt n)0.5 (umb)0.5 (er)0.5 ( o)0.5 (f in)0.5 (dep)0.5 (en)0.5 (den)0.5 (t)2 ( )]TJ 0.003 Tc 0.092 Tw 0 -1.273 Td [(non-executive Directors and at least one of the independent non-executiv\ e Directors)3.1 ( )]TJ 0.016 Tc 0 -1.273 Td [(must have appropriate professional qualifications or accounting or relat\ ed financial)16 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (management expertise.)Tj 0.006 Tc 0.091 Tw 0 -2.545 Td [(A)0.6 (l)0.5 (l)0.5 ( D)0.6 (i)0.5 (r)0.5 (e)0.6 (c)0.5 (t)0.6 (o)0.5 (r)0.5 (s)0.6 (,)0.5 ( i)0.5 (n)0.6 (c)0.5 (l)0.6 (u)0.5 (d)0.6 (i)0.5 (n)0.5 (g)0.6 ( t)0.5 (h)0.6 (e)0.5 ( i)0.5 (n)0.6 (d)0.5 (e)0.5 (p)0.6 (e)0.5 (n)0.6 (d)0.5 (e)0.6 (n)0.5 (t)0.6 ( n)0.5 (o)0.5 (n)0.6 (-)0.5 (e)0.6 (x)0.5 (e)0.5 (c)0.6 (u)0.5 (t)0.6 (i)0.5 (v)0.5 (e)0.6 ( D)0.5 (i)0.5 (r)0.6 (e)0.5 (c)0.6 (t)0.5 (o)0.6 (r)0.5 (s)0.5 (,)0.6 ( a)0.5 (r)0.6 (e)0.5 ( a)0.5 (p)0.6 (p)0.5 (o)0.5 (i)0.6 (n)0.5 (t)0.6 (e)0.5 (d)0.5 ( f)0.6 (o)0.5 (r)0.6 ( a)6 ( )]TJ 0.002 Tc 0.092 Tw 0 -1.273 Td [(fixed term of two years. Under code provision B.2.2 of the CG Code, ever\ y director,)2 ( )]TJ 0.025 Tc 0.091 Tw 0 -1.273 Td [(i)0.5 (nc)0.5 (lu)0.5 (di)0.5 (n)0.5 (g t)0.5 (h)0.5 (os)0.5 (e ap)0.5 (po)0.5 (in)0.5 (t)0.5 (ed)0.5 ( f)0.5 (or)0.5 ( a sp)0.5 (ec)0.5 (if)0.5 (i)0.5 (c t)0.5 (e)0.5 (rm)0.5 (, s)0.5 (h)0.5 (ou)0.5 (ld)0.5 ( b)0.5 (e s)0.5 (u)0.5 (bj)0.5 (ec)0.5 (t)0.5 ( to)0.5 ( r)0.5 (et)0.5 (ir)0.5 (e)0.5 (me)0.5 (nt)0.5 ( b)0.5 (y)25 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(rotation )0.5 (at )0.5 (least )0.5 (once )0.5 (every )0.5 (three )0.5 (years. )0.5 (Under )0.5 (Bye-laws )0.5 (111 )0.5 (and )0.5 (115, )0.5 (one-third )0.5 (of)10 ( )]TJ 0.006 Tc 0 -1.273 Td [(the Directors, are subject to retirement by rotation and re-election at \ annual general)6 ( )]TJ 0.031 Tc 0 -1.273 Td [(meeting of the Company. New Directors appointed by the Board to fill a c\ asual)31 ( )]TJ 0.019 Tc 0 -1.273 Td [(vacancy or as an addition to the Board during any year are required to r\ etire and)19 ( )]TJ 0.026 Tc 0.091 Tw 0 -1.273 Td [(s)0.6 (u)0.5 (b)0.6 (m)0.5 (i)0.5 (t)0.6 ( t)0.6 (h)0.5 (e)0.5 (m)0.6 (s)0.6 (e)0.5 (l)0.5 (v)0.6 (e)0.5 (s)0.6 ( f)0.5 (o)0.6 (r)0.5 ( r)0.6 (e)0.5 (-)0.6 (e)0.5 (l)0.6 (e)0.5 (c)0.5 (t)0.6 (i)0.5 (o)0.6 (n)0.5 ( a)0.6 (t)0.5 ( t)0.6 (h)0.5 (e)0.6 ( f)0.5 (i)0.6 (r)0.5 (s)0.6 (t)0.5 ( a)0.6 (n)0.5 (n)0.6 (u)0.5 (a)0.6 (l)0.5 ( g)0.6 (e)0.5 (n)0.6 (e)0.5 (r)0.6 (a)0.5 (l)0.6 ( m)0.5 (e)0.5 (e)0.6 (t)0.5 (i)0.6 (n)0.5 (g)0.6 ( i)0.5 (m)0.6 (m)0.5 (e)0.6 (d)0.5 (i)0.6 (a)0.5 (t)0.5 (e)0.6 (l)0.5 (y)26 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (following their appointments.)Tj ET endstream endobj 471 0 obj <> endobj 468 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (18)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (a.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Chairman and Chief Executive Officer)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.045 Tw 0 -1.273 Td [(Pursuant )0.5 (to the code provision C.2.1 of the CG Code, the roles of chairman and ch\ ief )]TJ 0 Tw 0 -1.273 Td (executive should be separate and should not be performed by the same ind\ ividual. The )Tj 0.063 Tw 0 -1.273 Td (division of responsibilities between the chairman and chief executive sh\ ould be clearly )Tj 0 Tw 0 -1.273 Td (established and set out in writing.)Tj 0.02 Tw 0 -2.545 Td (As Mr. Zhang Sanhuo is the Chairman and the Chief Executive Officer of t\ he Company )Tj 0.092 Tw 0 -1.273 Td (with effect from 3 January 2018, it constituted a deviation from code pr\ ovision C.2.1 )Tj 0.026 Tc 0.091 Tw 0 -1.273 Td [(of the CG Code since 3 January 2018. The positions of the Chairman and C\ hief)26 ( )]TJ 0 Tc 0.076 Tw 0 -1.273 Td (Executive Officer are held by Mr. Zhang Sanhuo who has extensive knowled\ ge about )Tj 0.019 Tw 0 -1.273 Td (the management. The Company believes that this structure is conducive to\ strong and )Tj 0.008 Tc 0.092 Tw 0 -1.273 Td [(consistent leadership, enabling the Company to formulate and implement s\ trategies)8 ( )]TJ 0.021 Tc 0 -1.273 Td [(efficiently )0.5 (and )0.5 (effectively. )0.5 (Under )0.5 (the )0.5 (supervision )0.5 (of )0.5 (the )0.5 (Board and )0.5 (its )0.5 (independent)21 ( )]TJ 0.015 Tc 0 -1.273 Td [(non-executive Directors, a balancing mechanism exists so that the intere\ sts of the)15 ( )]TJ 0 Tc 0.004 Tw 0 -1.273 Td (Shareholders are adequately and fairly represented. The Company consider\ s that there )Tj 0 Tw 0 -1.273 Td (is no imminent need to change this structure.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf -2.577 -2.545 Td (b.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (Independent Non-executive Directors)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.023 Tc 0.092 Tw 0 -1.273 Td [(During )0.6 (the )0.5 (Year, )0.6 (the )0.5 (Board )0.6 (at )0.5 (all )0.5 (times )0.5 (met )0.5 (the )0.5 (requirements )0.6 (of )0.6 (the )0.5 (Listing )0.6 (Rules)23 ( )]TJ 0 -1.273 Td [(relating to the appointment of at least three independent non-executive \ Directors)23 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (representing at least one-third of the Board with one of whom possessing\ appropriate )Tj 0 Tw 0 -1.273 Td (professional qualifications or accounting or related financial managemen\ t expertise.)Tj 0.068 Tw 0 -2.545 Td (The Company has received written annual confirmation from each of the in\ dependent )Tj 0.036 Tc 0.092 Tw 0 -1.273 Td [(non-executive Directors in respect of his independence in accordance wit\ h the)36 ( )]TJ 0 Tc 0.085 Tw 0 -1.273 Td (independence guidelines set out in Rule 3.13 of the Listing Rules. Mr. S\ o has served )Tj 0.059 Tw 0 -1.273 Td (as an independent non-executive Director for more than nine years. Pursu\ ant to code )Tj 0.03 Tw 0 -1.273 Td [(provision )0.5 (B.2.3 )0.5 (of )0.5 (the )0.5 (CG )0.5 (Code, )0.5 (his )0.5 (further )0.6 (appointment shall be subject )0.5 (to )0.5 (a separate )]TJ 0.014 Tc 0.092 Tw 0 -1.273 Td [(resolution to be approved by the Shareholders. The Board considered that\ Mr. So)14.1 ( )]TJ 0.017 Tc 0.091 Tw 0 -1.273 Td [(has exercised judgment in the best interest of the Company when discharg\ ing his)17 ( )]TJ 0.013 Tc 0 -1.273 Td [(duties as an independent non-executive Director. Despite the length of h\ is service,)13 ( )]TJ 0 Tc 0.032 Tw 0 -1.273 Td (there is no evidence that the independence of Mr. So, especially in term\ s of exercising )Tj 0.021 Tc 0.091 Tw 0 -1.273 Td [(independent judgment and objective challenges to the management, has bee\ n or)21.1 ( )]TJ 0.023 Tc 0 -1.273 Td [(will)0.5 ( b)0.5 (e in any way)0.5 ( c)0.5 (omprom)0.5 (ised or)0.5 ( af)0.5 (fect)0.5 (ed. Mr. So)0.5 ( h)0.5 (as also pr)0.5 (ovide)0.5 (d an annu)0.5 (al)23 ( )]TJ 0 Tc 0.039 Tw 0 -1.273 Td (confirmation of independence pursuant to Rule 3.13 of the Listing Rules.\ The Board is )Tj 0 -1.273 Td (therefore satisfied that Mr. So meets the independence guidelines set ou\ t in Rule 3.13 )Tj 0.041 Tw 0 -1.273 Td [(of )0.5 (the )0.6 (Listing )0.5 (Rules )0.6 (and )0.5 (continues )0.6 (to )0.6 (be )0.5 (independent. )0.6 (The )0.5 (Company )0.5 (considers )0.6 (that )0.5 (all )]TJ 0 Tw 0 -1.273 Td (independent non-executive Directors are independent.)Tj ET endstream endobj 469 0 obj <> endobj 466 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (17)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (1.)Tj /Span<>> BDC ( )Tj EMC 2.577 0 Td (BOARD OF DIRECTORS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (The Board comprises the following Directors:)Tj /T1_2 1 Tf 0 -2.545 Td (Executive Directors:)Tj /T1_0 1 Tf 0 -1.273 Td (Mr. Zhang Sanhuo )Tj /T1_2 1 Tf (\(Chairman and Chief Executive Officer\))Tj /T1_0 1 Tf 0 -1.273 Td (Ms. An Juan \(appointed on 27 June 2024\))Tj /T1_2 1 Tf 0 -2.545 Td (Independent Non-executive Directors:)Tj /T1_0 1 Tf 0 -1.273 Td (Mr. So Stephen Hon Cheung )Tj 0 -1.273 Td (Mr. Zhou Chunsheng)Tj 0 -1.273 Td (Mr. Tian Hong)Tj 0.035 Tw 0 -2.545 Td (The biographical information of the Directors is set out in the section \ headed \223Directors\222 and )Tj 0 Tw 0 -1.273 Td (Senior Management\222s Biographies\224 on pages 12 to 15 of this annual \ report.)Tj 0.025 Tc 0.092 Tw 0 -2.545 Td [(There )0.5 (is )0.5 (no )0.5 (relationship )0.6 (\(including )0.5 (financial, )0.6 (business, )0.5 (family )0.5 (or )0.5 (other )0.5 (materials/relevant)25 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (relationship\(s\)\) between the Board members.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Attendance Record of Directors and Committee Members)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.023 Tw 0 -1.273 Td (The attendance record of each Director at meetings of the Board and the \ Board committees )Tj 0 Tw 0 -1.273 Td (and the general meeting of the Company held during the Year is set out i\ n the table below:)Tj ET /CS2 cs 0.18 0.6 scn /GS0 gs 79.37 400.827 141.732 -12 re 221.102 400.827 297.638 -12 re 79.37 388.827 141.732 -50.835 re 221.102 388.827 59.528 -50.835 re 280.63 388.827 59.528 -50.835 re 340.158 388.827 59.528 -50.835 re 399.685 388.827 59.528 -50.835 re 459.213 388.827 59.528 -50.835 re f BT /CS1 cs 0 0 0 0 scn /T1_1 1 Tf 7.5 0 0 10 261.4768 390.5268 Tm (Number of meetings attended/total number of meetings held)Tj -23.525 -4.8 Td (Name of Director)Tj 22.434 0 Td (Board)Tj 4.087 1.2 Td (Remuneration )Tj 1.465 -1.2 Td (Committee)Tj 10.712 1.2 Td (Audit )Tj -2.775 -1.2 Td (Committee)Tj 7.714 1.2 Td (Nomination )Tj 0.223 -1.2 Td (Committee)Tj 10.987 3.6 Td (2023)Tj -1.072 -1.2 Td (Annual)Tj -0.703 -1.2 Td ( General )Tj 0.13 -1.2 Td (Meeting)Tj 0 0 0 1 scn /GS1 gs /T1_2 1 Tf -53.202 -1.883 Td (Executive Directors)Tj /T1_0 1 Tf 0 -2.4 Td (Mr. Zhang Sanhuo)Tj 22.766 0 Td (10/10)Tj 9.049 0 Td (2/2)Tj 8.882 0 Td (\226)Tj 6.992 0 Td (2/2)Tj 7.937 0 Td (1/1)Tj -55.626 -1.2 Td (Ms. An Juan)Tj 24.823 0 Td (\226)Tj 7.937 0 Td (\226)Tj 7.937 0 Td (\226)Tj 7.937 0 Td (\226)Tj 7.937 0 Td (\226)Tj /T1_2 1 Tf -56.571 -2.4 Td (Independent Non-executive Directors)Tj /T1_0 1 Tf 0 -2.4 Td (Mr. So Stephen Hon Cheung)Tj 22.766 0 Td (10/10)Tj 9.049 0 Td (2/2)Tj 7.937 0 Td (3/3)Tj 7.937 0 Td (2/2)Tj 7.937 0 Td (1/1)Tj -55.626 -1.2 Td (Mr. Zhou Chunsheng)Tj 22.766 0 Td (10/10)Tj 9.049 0 Td (2/2)Tj 7.937 0 Td (3/3)Tj 7.937 0 Td (2/2)Tj 7.937 0 Td (1/1)Tj -55.626 -1.2 Td (Mr. Tian Hong)Tj 22.766 0 Td (10/10)Tj 9.049 0 Td (2/2)Tj 7.937 0 Td (3/3)Tj 7.937 0 Td (2/2)Tj 7.937 0 Td (1/1)Tj 0.02 Tc 0.092 Tw 11 0 0 11 79.37 190.8624 Tm [(Apart from regular Board meetings, the Chairman also )0.5 (held a meeting with all the non-)]TJ 0 Tc 0.073 Tw 0 -1.273 Td (executive Directors \(including independent non-executive Directors\) wi\ thout the presence of )Tj 0 Tw 0 -1.273 Td (any other executive Director during the Year.)Tj ET endstream endobj 467 0 obj <> endobj 463 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (16)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (COMPLIANCE WITH THE CODE ON CORPORATE GOVERNANCE PRACTICES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.025 Tw 0 -1.273 Td (The Company is committed to achieving and maintaining high standards of \ corporate governance, )Tj 0.027 Tw 0 -1.273 Td (as the Board believes that good and effective corporate governance pract\ ices are key to obtaining )Tj 0.029 Tc 0.092 Tw 0 -1.273 Td [(and maintaining the trust of the Shareholders and other stakeholders, an\ d are essential for)29 ( )]TJ 0.008 Tc 0 -1.273 Td [(encouraging )0.5 (accountability )0.5 (and transparency )0.5 (so as )0.5 (to )0.5 (sustain the )0.5 (success )0.5 (of the )0.5 (Group )0.5 (and to)7.9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (create long-term value for the Shareholders.)Tj -0.002 Tc 0 -2.545 Td [(The Company has adopted the principles and code provisions set out in th\ e Corporate Governance)-2 ( )]TJ -0.005 Tc 0 -1.273 Td (Code \(the \223)Tj /T1_1 1 Tf (CG Code)Tj /T1_0 1 Tf [(\224\) as set out in Appendix C1 to the Listing Rules. Save for code pro\ vision C.2.1)-5.1 ( )]TJ 0 Tc 0 -1.273 Td (of the CG Code, the Company has fully complied with the CG Code during t\ he Year.)Tj 0 -2.545 Td (Pursuant to code provision C.2.1 of the CG Code, the roles of chairman a\ nd chief executive should )Tj 0.003 Tc 0.091 Tw 0 -1.273 Td [(be separate and should not be performed by the same individual. The divi\ sion)0.5 ( of responsibilities)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (between the chairman and chief executive should be clearly established a\ nd set out in writing.)Tj -0.001 Tc 0 -2.545 Td [(As)0.5 ( Mr. )0.5 (Zhan)0.5 (g San)0.5 (huo)0.5 ( is t)0.5 (he c)0.5 (hair)0.5 (man )0.5 (\(the )0.5 (\223)]TJ /T1_1 1 Tf 0.001 Tw [(Cha)0.5 (irman)]TJ /T1_0 1 Tf 0 Tw 23.301 0 Td [(\224\) )0.5 (of t)0.5 (he Bo)0.5 (ard )0.5 (and t)0.5 (he c)0.5 (hief)0.5 ( exe)0.5 (cuti)0.5 (ve off)0.5 (icer)-1 ( )]TJ 0.016 Tc 0.092 Tw -23.301 -1.273 Td (\(the \223)Tj /T1_1 1 Tf (Chief Executive Officer)Tj /T1_0 1 Tf [(\224\) of the Company, his appointment as both the Chairman and)16 ( )]TJ 0.001 Tc 0 -1.273 Td [(Chief Executive Officer deviates )0.5 (from code provision C.2.1 )0.5 (of the )0.5 (CG )0.5 (Code. )0.5 (The positions )0.5 (of the)1 ( )]TJ 0 Tc 0.001 Tw 0 -1.273 Td [(Chairman )0.5 (and Chief )0.5 (Executive )0.5 (Officer are )0.5 (held by Mr. )0.5 (Zhang Sanhuo who has extensive knowledge )]TJ 0.016 Tc 0.092 Tw 0 -1.273 Td [(about the management. The Company believes that this structure is conduc\ ive to strong and)16 ( )]TJ 0 -1.273 Td [(consistent leadership, enabling the Company to formulate and implement s\ trategies efficiently)16 ( )]TJ 0.002 Tc 0 -1.273 Td [(and effectively. Under the supervision of the Board and its independent \ non-executive Directors,)2 ( )]TJ 0.091 Tw 0 -1.273 Td [(a balancing mechanism exists so that the interests of the Shareholders a\ re adequately and fairly)2.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (represented. The Company considers that there is no imminent need to cha\ nge this structure.)Tj ET endstream endobj 464 0 obj <> endobj 465 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (CORPORATE GOVERNANCE REPORT)Tj ET endstream endobj 474 0 obj <> endobj 475 0 obj <> endobj 476 0 obj <>stream H\n <"I"M]+-$dH A3Pu,?cyn,[0h.$B6,/@i^YInǩ1̄AŻ vOjqSauixȠA@^:M<ہ4E(fpDיj7Q]sL!9`#A|L| \%__ӥJ5P*eSSlMh Y9C}|x6;[ UXWTA endstream endobj 477 0 obj <>stream HRmLUُf i e_Z ݮ$b VРB`le:a6HbB(f Sk'QH账6Vc5QKJm̝Fnc~;{9y~[u;]'U jR3?hk2J8},ScJHto_͂T⒒/c~6D6F_TUPXh/|=R@=2Ha*GzH[i3Ui(m觺.){ %)k.IQC,B{9T9GC_T*}4.Iw4Yhk[аͱsŜ*8=UrP'f(sl<3϶۰5Z0-,z)1j6[&b-pUψ){EV㴘arWS'hMO=7ln>v_&߀/ȷ8/| :&չ,gڠfj;1RcD$n]@aj@P`K eZn|߄=Ri0t%1Yu0gkV1Li֋5 $@c-=9aެEy迃 V{tZhwIapy_ l6EݨՅg/u"k#`9?3 D֎XcYmʬnY0 Tf>dte}5,5)(;qؖ1E& V.a"YYRx.9]`6 - ] K'H}:D"o~Idn:燙?n+;>M#Otղ茸>0􊐾M/5/LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 439 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 440 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 441 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 442 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 488 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (15)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Independent Non-executive Directors )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.007 Tc 0.091 Tw 0 -1.273 Td [(An announcement was made by Kunwu Holdings on 25 September 2021 in relat\ ion to, among)7 ( )]TJ 0 Tc 0.084 Tw 0 -1.336 Td (other things, the receipt of a decision on administrative supervision me\ asures \()Tj /C0_0 1 Tf 0 Tw <02950A3715C7054E10390E96104D0B23>Tj 0 -1.273 Td <058908700E3603EA04131039104D0485041107411039104D0AA3074404D4059B08E3>Tj /T1_0 1 Tf 0.023 Tw (\) \(the \223)Tj /T1_1 1 Tf 0 Tw (Decision)Tj /T1_0 1 Tf 0.023 Tw (\224\) from Jiangxi Regulatory Bureau of CSRC )Tj 0 Tw 0 -1.21 Td (by Kunwu Holdings and the secretary to the board of directors of Kunwu H\ oldings.)Tj 0.03 Tc 0.092 Tw 0 -2.545 Td [(Pursuant )0.5 (to )0.5 (the )0.5 (Decision, )0.5 (investigations )0.5 (had been )0.5 (carried )0.5 (out and )0.5 (there was )0.5 (an incident of)30 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (irregularity on the part of Kunwu Holdings.)Tj 0.002 Tw 0 -2.545 Td (To the Directors\222 best knowledge, information and belief, Mr. Zhou is\ not involved in the day-to-day )Tj 0.021 Tw 0 -1.273 Td (management of Kunwu Holdings, and has not been subject to any sanction, \ administrative penalty )Tj 0.025 Tw 0 -1.273 Td (or criticism by the CSRC and the Shanghai Stock Exchange. For further de\ tails, please refer to the )Tj 0 Tw 0 -1.273 Td (announcement of the Company dated 7 October 2021.)Tj /T1_1 1 Tf 0.031 Tc 0.092 Tw 0 -2.545 Td (Mr. Tian Hong )Tj /T1_0 1 Tf -0.031 Tw (\(\223)Tj /T1_1 1 Tf 0.092 Tw (Mr. Tian)Tj /T1_0 1 Tf [(\224\), aged 59, joined the Company on 4 July 2017 and is now an)31 ( )]TJ 0.014 Tc 0 -1.273 Td [(independent non-executive )0.5 (Director and member of each of the Audit Committee, Nomination)14 ( )]TJ 0.005 Tc 0 -1.336 Td (Committee and Remuneration Committee. Mr. Tian has been the chief invest\ ment advisor of )Tj /C0_0 1 Tf 0 Tc 0 Tw <0407>Tj 0.012 Tc -0.012 Tw 0 -1.273 Td [<034D>0.5 <0FBC>0.5 <0E38>0.5 <03DE>0.5 <082202AE>0.5 <0321>]TJ /T1_0 1 Tf 0.091 Tw 7.081 0 Td [( \(W)0.5 (i)0.5 (n)0.5 (d)0.5 (u)0.5 (s)0.5 ( E)0.5 (n)0.5 (t)0.5 (e)0.5 (r)0.5 (p)0.5 (r)0.5 (i)0.5 (s)0.5 (e)0.5 (s)0.5 ( I)0.6 (n)0.5 (c)0.5 (.)]TJ [(*)0.5 (\))0.5 ( s)0.5 (i)0.5 (n)0.5 (c)0.5 (e)0.5 ( 2)0.5 (0)0.5 (1)0.5 (6)0.5 (.)0.5 ( M)0.5 (r)0.5 (.)0.5 ( T)0.5 (i)0.5 (a)0.5 (n)0.5 ( o)0.5 (b)0.5 (t)0.5 (a)0.5 (i)0.5 (n)0.5 (e)0.5 (d)0.5 ( a)0.5 ( m)0.5 (a)0.5 (s)0.5 (t)0.5 (e)0.5 (r)0.5 (\222)0.5 (s)0.5 ( d)0.5 (e)0.5 (g)0.5 (r)0.5 (e)0.5 (e)0.5 ( i)0.5 (n)12 ( )]TJ 0 Tc 0.06 Tw -7.081 -1.273 Td (business administration from )Tj /C0_0 1 Tf 0 Tw <0286041309CC0EBE027D12AA>Tj /T1_0 1 Tf 0.06 Tw ( \(Shanxi University of Finance and Economics\) in 2009 )Tj 0.008 Tc 0.092 Tw 0 -1.21 Td [(and qualified as senior economist of The Bank of China in 1998. Mr. Tian\ worked for Industrial)8 ( )]TJ 0.016 Tc 0 -1.273 Td [(and Commercial Bank of China from 1984 to 1989. From 1990 to 2015, Mr. T\ ian worked for)16 ( )]TJ 0.002 Tc 0.091 Tw 0 -1.273 Td [(The Bank of China as operation deputy president, president, department h\ ead, and other senior)2.1 ( )]TJ 0 Tc 0.068 Tw 0 -1.273 Td (management positions in charge of corporate finance, retail finance, inv\ estment banking, financial )Tj 0 Tw 0 -1.273 Td (market and other core banking businesses.)Tj 0.02 Tw 0 -2.545 Td (Mr. Tian is also an independent non-executive director of Green Leader s\ ince 10 August 2020, the )Tj 0 Tw 0 -1.273 Td (shares of which are listed on the Main Board \(stock code: 61\) of the S\ tock Exchange.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (COMPANY SECRETARY)Tj /CS1 cs 0 0 0 1 scn /GS1 gs 0 -1.273 Td (Mr. Chan Cheuk Ho )Tj /T1_0 1 Tf (\(\223)Tj /T1_1 1 Tf (Mr. Chan)Tj /T1_0 1 Tf (\224\), aged 57, joined the Company on 8 June 2017 as an executive )Tj 0.048 Tw 0 -1.273 Td (Director and was appointed as the company secretary of the Company on 4 \ July 2017. Mr. Chan )Tj 0 Tw 0 -1.273 Td (has resigned as an executive Director with effect from 31 May 2022.)Tj 0.013 Tc 0.091 Tw 0 -2.545 Td [(M)0.5 (r)0.6 (.)0.5 ( C)0.5 (h)0.6 (a)0.5 (n)0.5 ( o)0.5 (b)0.5 (t)0.6 (a)0.5 (i)0.5 (n)0.6 (e)0.5 (d)0.5 ( a)0.6 ( b)0.6 (a)0.5 (c)0.5 (h)0.6 (e)0.5 (l)0.5 (o)0.5 (r)0.6 (\222)0.5 (s)0.5 ( d)0.6 (e)0.5 (g)0.5 (r)0.5 (e)0.6 (e)0.5 ( i)0.5 (n)0.5 ( b)0.6 (u)0.5 (s)0.5 (i)0.6 (n)0.5 (e)0.5 (s)0.6 (s)0.5 ( a)0.5 (d)0.6 (m)0.5 (i)0.5 (n)0.5 (i)0.6 (s)0.5 (t)0.6 (r)0.5 (a)0.5 (t)0.5 (i)0.6 (o)0.5 (n)0.5 ( f)0.6 (r)0.5 (o)0.5 (m)0.5 ( t)0.6 (h)0.5 (e)0.5 ( C)0.5 (h)0.6 (i)0.5 (n)0.5 (e)0.6 (s)0.5 (e)0.5 ( U)0.5 (n)0.6 (i)0.5 (v)0.5 (e)0.5 (r)0.6 (s)0.5 (i)0.6 (t)0.5 (y)13 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(of Hong Kong in 1989 and a master\222s degree in business administration\ from the University of)10 ( )]TJ 0 Tc 0.078 Tw 0 -1.273 Td (Manchester in 2003. Mr. Chan has been a fellow member of the Hong Kong I\ nstitute of Certified )Tj 0 Tw 0 -1.273 Td (Public Accountants since 2003.)Tj 10 0 0 10 51.0236 30.1718 Tm (*)Tj /Span<>> BDC ( )Tj EMC 1.352 0 Td (For identification purpose only)Tj ET endstream endobj 489 0 obj <> endobj 485 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (14)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Independent Non-executive Directors )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.025 Tc 0.092 Tw 0 -1.273 Td [(Mr. Zhou is currently an independent non-executive director of Central N\ ew Energy Holding)25 ( )]TJ 0 Tc 0.071 Tw 0 -1.273 Td (Group Limited \(stock code: 1735\), the shares of which are listed on th\ e Main Board of the Stock )Tj 0.015 Tc 0.092 Tw 0 -1.273 Td [(Exchange. )0.5 (Mr. )0.5 (Zhou )0.5 (was )0.5 (an )0.5 (independent )0.5 (director )0.5 (of )0.5 (Kunwu )0.5 (Jiuding )0.5 (Investment )0.5 (Holdings )0.5 (Co.,)15 ( )]TJ 0.008 Tc 0 -1.273 Td (Limited \(\223)Tj /T1_1 1 Tf (Kunwu Holdings)Tj /T1_0 1 Tf [(\224\) \(a company listed on )0.5 (the Shanghai Stock Exchange\) \(stock code:)8 ( )]TJ 0.023 Tc 0 -1.273 Td [(600053\) from July 2017 to )0.5 (January 2022 and the director of Nanda Automation Technology)23 ( )]TJ 0.029 Tc 0 -1.273 Td [(Jiangsu Co., Ltd \(a company which was delisted from The National Equiti\ es Exchange and)29.1 ( )]TJ 0 Tc 0.091 Tw 0 -1.273 Td [(Quotations )0.6 (System )0.6 (Co., )0.5 (Ltd )0.6 (with )0.5 (stock )0.6 (code: )0.6 (834876\) )0.5 (from )0.6 (January )0.5 (2011 )0.6 (to )0.5 (May )0.6 (2022. )0.5 (He )0.5 (was )]TJ 0.001 Tw 0 -1.273 Td (also an independent non- executive director of each of China Information\ Technology Development )Tj 0.001 Tc 0.092 Tw 0 -1.273 Td [(Limited \(stock code: 8178\), the shares of which are listed on GEM of t\ he Stock Exchange, from)1 ( )]TJ 0 Tc 0.038 Tw 0 -1.273 Td [(September )0.6 (2007 )0.5 (to )0.6 (June )0.5 (2011, )0.5 (Zhuguang )0.6 (Holdings )0.6 (Group )0.6 (Limited )0.5 (\(stock )0.6 (code: )0.5 (1176\), )0.5 (the )0.5 (shares )]TJ 0.014 Tc 0.092 Tw 0 -1.273 Td [(of which are listed on the Main Board of the Stock Exchange, from Octobe\ r 2009 to October)14 ( )]TJ 0 Tc 0.012 Tw 0 -1.273 Td (2011, China ITS \(Holdings\) Co., Ltd. \(stock code: 1900\), the shares \ of which are listed on the Main )Tj 0.006 Tw 0 -1.273 Td (Board of the Stock Exchange, from September 2008 to June 2018 and Green \ Leader \(stock code: )Tj 0.07 Tw 0 -1.273 Td (61\), the shares of which are listed on the Main Board of the Stock Exch\ ange, from June 2013 to )Tj 0.002 Tc 0.091 Tw 0 -1.273 Td [(August 2019. Mr. Zhou was also an independent non-executive director of \ Zhonghong Holdings)2.1 ( )]TJ 0.009 Tc 0.092 Tw 0 -1.273 Td (Co., Limited \(\223)Tj /T1_1 1 Tf (Zhonghong Holdings)Tj /T1_0 1 Tf [(\224\) \(a company delisted on the Shenzhen Stock Exchange\))9 ( )]TJ 0 Tc 0 -1.273 Td (\(stock code: 000979\), from May 2008 to April 2020. He was also an inde\ pendent non-executive )Tj 0.007 Tc 0.091 Tw 0 -1.273 Td [(d)0.5 (i)0.6 (r)0.5 (e)0.5 (c)0.5 (t)0.6 (o)0.5 (r)0.5 ( o)0.5 (f)0.5 ( G)0.5 (u)0.6 (o)0.5 (s)0.5 (h)0.6 (e)0.5 (n)0.5 (g)0.5 ( F)0.5 (i)0.6 (n)0.5 (a)0.5 (n)0.6 (c)0.5 (i)0.5 (a)0.5 (l)0.5 ( H)0.6 (o)0.5 (l)0.5 (d)0.5 (i)0.6 (n)0.5 (g)0.5 ( I)0.5 (n)0.6 (c)0.5 (.)0.5 ( \()0.5 (s)0.5 (t)0.6 (o)0.5 (c)0.5 (k)0.5 ( c)0.5 (o)0.5 (d)0.6 (e)0.5 (:)0.5 ( 0)0.5 (0)0.5 (2)0.6 (6)0.5 (7)0.5 (0)0.5 (\))0.5 ( a)0.5 (n)0.6 (d)0.5 ( T)0.5 (r)0.5 (a)0.6 (n)0.5 (s)0.5 (f)0.6 (a)0.5 (r)0.5 ( Z)0.5 (h)0.6 (i)0.5 (l)0.5 (i)0.5 (a)0.5 (n)0.6 ( C)0.5 (o)0.5 (.)0.5 (,)0.5 ( L)0.6 (t)0.5 (d)0.5 (.)7 ( )]TJ 0 Tc 0.048 Tw 0 -1.273 Td (\(stock code: 002010\), the shares of both companies are listed on the S\ henzhen Stock Exchange, )Tj 0 Tw 0 -1.273 Td (from July 2015 to April 2020 and from June 2015 to May 2020, respectivel\ y.)Tj 0.017 Tc 0.091 Tw 0 -2.545 Td [(As confirmed by Mr. Zhou as an independent non-executive director of Zho\ nghong Holdings,)17 ( )]TJ 0 Tc 0.076 Tw 0 -1.245 Td (Zhonghong Holdings received an Investigation Notice \()Tj /C0_0 1 Tf 0 Tw <121C075F0BB7065D08E3>Tj /T1_0 1 Tf 0.076 Tw (\) from the CSRC on 14 August )Tj 0.009 Tw 0 -1.119 Td (2018 that the financial reports of Zhonghong Holdings in 2017 were alleg\ ed to contain certain false )Tj 0.069 Tw 0 -1.182 Td (information. Pursuant to the relevant requirements of the լƵ Law\ of the PRC, investigation )Tj 0.027 Tc 0.092 Tw 0 -1.182 Td [(had )0.5 (been )0.5 (carried out by )0.5 (the )0.5 (CSRC )0.5 (in respect )0.5 (of )0.5 (the )0.5 (allegation. )0.5 (A )0.5 (decision )0.5 (of )0.5 (administrative)27 ( )]TJ 0 Tc 0.052 Tw 0 -1.245 Td (punishment \()Tj /C0_0 1 Tf 0 Tw <041107410B88106E04D4059B08E3>Tj /T1_0 1 Tf 0.052 Tw (\) and a decision on prohibition from access to market \()Tj /C0_0 1 Tf 0 Tw <03390C190EAB025D04D4059B>Tj 0 -1.182 Td <08E3>Tj /T1_0 1 Tf 0.015 Tw (\) were issued by the CSRC in December 2019 and Mr. Zhou was given a war\ ning and was fined )Tj -0.001 Tc 0 Tw 0 -1.119 Td [(RMB30,000. A decision on disciplinary actions against Zhonghong Holdings\ and parties concerned)-1 ( )]TJ 0 Tc 0 -1.245 Td (\()Tj /C0_0 1 Tf 0.027 Tc -0.027 Tw 0.268 0 Td <15EB05F50FC10295033E0A9B06700670038503DE082202AE032102BF07B415EB0E85052B025B0D17029A07CF071B0B8802B1065904D4059B>Tj /T1_0 1 Tf 0.092 Tw (\) \(the \223)Tj /T1_1 1 Tf (SZSE Decision)Tj /T1_0 1 Tf [(\224\) was)27 ( )]TJ 0 Tc 0 Tw -0.268 -1.119 Td (issued by the Shenzhen Stock Exchange on 4 September 2018.)Tj 0.004 Tc 0.091 Tw 0 -2.364 Td [(P)0.5 (u)0.5 (rs)0.5 (u)0.5 (a)0.5 (nt)0.5 ( t)0.5 (o)0.5 ( t)0.5 (h)0.5 (e SZ)0.5 (S)0.5 (E)0.5 ( D)0.5 (ec)0.5 (i)0.5 (s)0.5 (io)0.5 (n)0.5 (, th)0.5 (e)0.5 ( S)0.5 (h)0.5 (en)0.5 (z)0.5 (h)0.5 (en)0.5 ( S)0.5 (t)0.5 (o)0.5 (ck)0.5 ( E)0.5 (x)0.5 (c)0.5 (ha)0.5 (n)0.5 (ge)0.5 ( i)0.5 (m)0.5 (po)0.5 (s)0.5 (e)0.5 (d \(i)0.5 (\))0.5 ( a)0.5 ( p)0.5 (u)0.5 (bl)0.5 (i)0.5 (c s)0.5 (an)0.5 (c)0.5 (ti)0.5 (o)0.5 (n)0.5 ( o)0.5 (n)4 ( )]TJ 0.002 Tc 0.092 Tw 0 -1.182 Td [(Zhonghong Holdings; \(ii\) a public sanction on each of the then actual \ controller, chairman of the)2 ( )]TJ 0 Tc 0.049 Tw 0 -1.182 Td [(board of directors, )0.5 (and director and chief financial officer of Zhonghong Holdings; and \(ii\ i\) a notice )]TJ 0.002 Tc 0.091 Tw 0 -1.182 Td [(of criticism on certain then directors and supervisors of Zhonghong Hold\ ings, in which Mr. Zhou)2.1 ( )]TJ 0 Tc 0.087 Tw 0 -1.182 Td (was not involved. To the best knowledge, information and belief of the B\ oard, Mr. Zhou was not )Tj 0.008 Tc 0.092 Tw 0 -1.182 Td [(involved in the day-to-day management of Zhonghong Holdings at the mater\ ial time, and, save)8.1 ( )]TJ 0.015 Tc 0 -1.182 Td [(as disclosed above, Mr. Zhou has not been subject to any sanction, admin\ istrative penalty or)15 ( )]TJ 0 Tc 0.086 Tw 0 -1.182 Td (criticism by the Shenzhen Stock Exchange and the CSRC. For further detai\ ls, please refer to the )Tj 0 Tw 0 -1.182 Td (announcement of the Company dated 23 October 2019.)Tj ET endstream endobj 486 0 obj <> endobj 487 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (DIRECTORS\222 AND SENIOR MANAGEMENT'S BIOGRAPHIES)Tj ET endstream endobj 490 0 obj <> endobj 491 0 obj <> endobj 492 0 obj <>stream H\j0 \/Ji !0z\=@j+]`q^'YlFo)93$a4 [0Ne9W(8ag;^p`1 O_fIst3PU`B/m$ֵx?/ke|.!L̘[uWTeJLRx٥3mPeiJVxK\d"΅s.f:E1G#I|&oiك=hÞs4Ǐ-I63;|L܏H[ 0L[ endstream endobj 493 0 obj <>stream HR lURȊfv, kلj6-ߖڔI)nOi֢"$ƶ!$DIQ)%%kQr7Lj3ɻy{,c20,ˎ\dY B HbN jLa<Ămwew"1AYJҚӧO gd:YHq:Sy^*Qȩ* e%> $a^Q ~LW˘)U^*?H2#X R(hD^A*kEaqRNEK, hj)_{*|4~/y+){@^) _"J_R&L~.'WO\W\0,(kb&$#3ez,d1^va' S K E= $d!Lt?`zY;ۯ \EvNz~+n|" +0k|™O!Y v@ YSXp>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (13)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (BOARD OF DIRECTORS )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Independent Non-executive Directors )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.004 Tc 0.092 Tw 0 -1.273 Td [(Mr. So is an independent non-executive director of YGM Trading Limited \(\ stock code: 375\) and)4 ( )]TJ 0.005 Tc 0 -1.273 Td [(Yangtzekiang Garment Limited \(stock code: 294\) since 20 September 2017\ , the shares of both)5 ( )]TJ 0.008 Tc 0 -1.273 Td [(companies are listed on the Main Board of the Stock Exchange. From May 2\ 015 to November)8.1 ( )]TJ 0.016 Tc 0.091 Tw 0 -1.273 Td [(2022, Mr. So was the independent non-executive director of Pinestone Cap\ ital Limited \(stock)16 ( )]TJ 0 Tc 0.042 Tw 0 -1.273 Td (code: 804\), the shares of which are listed on the Main Board of the Sto\ ck Exchange. From March )Tj 0.09 Tw 0 -1.273 Td (2000 to December 2014, Mr. So was an independent non-executive director \ of Skyworth Group )Tj 0.015 Tc 0.091 Tw 0 -1.273 Td [(L)0.5 (i)0.5 (m)0.5 (it)0.5 (e)0.5 (d)0.5 ( \()0.5 (s)0.5 (t)0.5 (o)0.5 (ck)0.5 ( co)0.5 (d)0.5 (e)0.5 (: 7)0.5 (51)0.5 (\))0.5 ( a)0.5 (n)0.5 (d)0.5 ( f)0.5 (r)0.5 (o)0.5 (m)0.5 ( A)0.5 (p)0.5 (r)0.5 (i)0.5 (l 2)0.5 (01)0.5 (1)0.5 ( t)0.5 (o)0.5 ( F)0.5 (e)0.5 (b)0.5 (r)0.5 (u)0.5 (ar)0.5 (y)0.5 ( 2)0.5 (0)0.5 (1)0.5 (7)0.5 (, M)0.5 (r.)0.5 ( So)0.5 ( wa)0.5 (s)0.5 ( a)0.5 (n)0.5 ( in)0.5 (d)0.5 (e)0.5 (p)0.5 (e)0.5 (n)0.5 (de)0.5 (n)0.5 (t)15 ( )]TJ 0.011 Tc 0.092 Tw 0 -1.273 Td [(non-executive )0.5 (director )0.5 (of Milan )0.5 (Station )0.5 (Holdings )0.5 (Limited )0.5 (\(stock code:1150\), )0.5 (the )0.5 (shares )0.5 (of )0.5 (both)11 ( )]TJ 0.022 Tc 0 -1.273 Td [(companies are listed )0.5 (on the )0.5 (Main Board of )0.5 (the Stock )0.5 (Exchange. )0.5 (From August )0.5 (2017 )0.5 (to June)22 ( )]TJ 0.009 Tc 0 -1.273 Td [(2019, Mr. So was also an independent non-executive director of Teamway I\ nternational Group)9 ( )]TJ 0 Tc 0.009 Tw 0 -1.273 Td (Holdings Limited \(stock code: 1239\), the shares of which are listed on\ the Main Board of the Stock )Tj 0 Tw 0 -1.273 Td (Exchange.)Tj /T1_1 1 Tf 0.004 Tc 0.091 Tw 0 -2.545 Td [(M)0.5 (r)0.5 (.)0.5 ( Z)0.5 (h)0.5 (o)0.5 (u)0.5 ( C)0.5 (h)0.5 (u)0.5 (n)0.5 (s)0.5 (h)0.5 (e)0.5 (n)0.5 (g)0.5 ( )]TJ /T1_0 1 Tf -0.004 Tw [(\()0.5 (\223)]TJ /T1_1 1 Tf 0.091 Tw 11.241 0 Td [(M)0.5 (r)0.5 (.)0.5 ( Z)0.5 (h)0.5 (o)0.5 (u)]TJ /T1_0 1 Tf 4.417 0 Td [(\224)0.5 (\))0.5 (,)0.5 ( a)0.5 (g)0.5 (e)0.5 (d)0.5 ( 58)0.5 (,)0.5 ( j)0.5 (oi)0.5 (n)0.5 (e)0.5 (d)0.5 ( t)0.5 (h)0.5 (e)0.5 ( C)0.5 (o)0.5 (m)0.5 (p)0.5 (a)0.5 (n)0.5 (y)0.5 ( o)0.5 (n)0.5 ( 4)0.5 ( J)0.5 (u)0.5 (l)0.5 (y)0.5 ( 2)0.5 (01)0.5 (7)0.5 ( a)0.5 (n)0.5 (d)0.5 ( i)0.5 (s)0.5 ( n)0.6 (o)0.5 (w)3.9 ( )]TJ 0 Tc 0.073 Tw -15.658 -1.273 Td (an independent non-executive Director and member of each of the Audit Co\ mmittee, Nomination )Tj 0.001 Tc 0.091 Tw 0 -1.336 Td [(C)0.6 (o)0.5 (m)0.6 (m)0.5 (i)0.6 (t)0.5 (t)0.6 (e)0.5 (e)0.5 ( a)0.5 (n)0.6 (d)0.5 ( R)0.6 (e)0.5 (m)0.6 (u)0.5 (n)0.6 (e)0.6 (r)0.5 (a)0.6 (t)0.5 (i)0.6 (o)0.5 (n)0.6 ( C)0.5 (o)0.6 (m)0.5 (m)0.6 (i)0.5 (t)0.6 (t)0.5 (e)0.6 (e)0.5 (.)0.6 ( M)0.5 (r)0.6 (.)0.6 ( Z)0.5 (h)0.6 (o)0.5 (u)0.6 ( i)0.5 (s)0.6 ( c)0.6 (u)0.5 (r)0.6 (r)0.5 (e)0.6 (n)0.5 (t)0.6 (l)0.5 (y)0.6 ( a)0.5 ( p)0.5 (r)0.6 (o)0.5 (f)0.6 (e)0.5 (s)0.6 (s)0.5 (o)0.6 (r)0.5 (-)0.6 (i)0.5 (n)0.6 (-)0.5 (r)0.6 (e)0.6 (s)0.5 (i)0.6 (d)0.5 (e)0.5 (n)0.6 (c)0.6 (e)0.5 ( o)0.6 (f)0.5 ( )]TJ /C0_0 1 Tf -0.001 Tw [<0697>0.6 <03EA>]TJ 0.002 Tc -0.002 Tw 0 -1.273 Td <0A2012AA09EB>Tj /T1_0 1 Tf 0.092 Tw [( )0.5 (\(Cheung )0.6 (Kong )0.6 (Graduate )0.6 (School )0.5 (of )0.6 (Business*)]TJ [(\). )0.5 (He )0.5 (was )0.6 (an )0.6 (assistant )0.6 (dean, )0.5 (director )0.5 (of )0.6 (the)2 ( )]TJ 0.009 Tc 0.091 Tw 0 -1.273 Td [(e)0.5 (x)0.6 (e)0.5 (c)0.5 (u)0.6 (t)0.5 (i)0.5 (v)0.6 (e)0.5 ( e)0.5 (d)0.6 (u)0.5 (c)0.6 (a)0.5 (t)0.5 (i)0.6 (o)0.5 (n)0.5 ( p)0.6 (r)0.5 (o)0.5 (g)0.6 (r)0.5 (a)0.5 (m)0.6 ( a)0.5 (n)0.5 (d)0.6 ( a)0.5 ( p)0.6 (r)0.5 (o)0.5 (f)0.6 (e)0.5 (s)0.5 (s)0.6 (o)0.5 (r)0.6 ( o)0.6 (f)0.5 ( f)0.6 (i)0.5 (n)0.5 (a)0.6 (n)0.5 (c)0.6 (e)0.5 ( o)0.5 (f)0.5 ( )]TJ /C0_0 1 Tf -0.009 Tw [<0388>0.6 <0D36>0.5 <104D>0.5 <0B23>0.6 <12AA>0.5 <09EB>]TJ /T1_0 1 Tf 0.091 Tw 32.728 0 Td [( \()0.5 (G)0.6 (u)0.5 (a)0.5 (n)0.6 (g)0.5 (h)0.5 (u)0.6 (a)0.5 ( S)0.6 (c)0.5 (h)0.5 (o)0.6 (o)0.5 (l)0.5 ( o)0.5 (f)9.1 ( )]TJ 0.01 Tc -32.728 -1.273 Td (Management\) of )Tj /C0_0 1 Tf -0.01 Tw <030F052F027D12AA>Tj /T1_0 1 Tf 0.091 Tw [( \(Peking University\). He is a distinguished economist and a winner of)10 ( )]TJ 0.005 Tc 0.092 Tw 0 -1.21 Td [(the National Excellent Young Researcher Grant. He was an honorary profes\ sor at the University)5 ( )]TJ 0 Tc 0 -1.273 Td (of Hong Kong, a visiting professor at the City University of Hong Kong a\ nd a member of the 1st )Tj 0.021 Tc 0 -1.273 Td [(and 2nd Listing Committee of the Shenzhen Stock Exchange. Mr. Zhou obtai\ ned a master\222s)21 ( )]TJ 0.024 Tc 0 -1.273 Td [(degree in mathematics from Peking University and a doctoral degree in ec\ onomics \(finance\))24 ( )]TJ 0 Tc 0.07 Tw 0 -1.273 Td [(from Princeton University in the United States. )0.5 (From 1994 to 1995, he was awarded an honorary )]TJ 0.026 Tc 0.091 Tw 0 -1.273 Td [(d)0.5 (o)0.5 (ct)0.5 (o)0.5 (r)0.5 (a)0.5 (l s)0.5 (c)0.5 (h)0.5 (o)0.5 (la)0.5 (r)0.5 (s)0.5 (h)0.5 (i)0.5 (p e)0.5 (xc)0.5 (e)0.5 (l)0.5 (le)0.5 (n)0.5 (c)0.5 (e)0.5 ( \()0.5 (Ha)0.5 (r)0.5 (o)0.5 (ld)0.5 ( Do)0.5 (d)0.5 (d)0.5 (s)0.5 ( F)0.5 (e)0.5 (ll)0.5 (o)0.5 (w)0.5 (s)0.5 (hi)0.5 (p)0.5 (\))0.5 ( f)0.5 (r)0.5 (o)0.5 (m P)0.5 (ri)0.5 (n)0.5 (c)0.5 (et)0.5 (o)0.5 (n)0.5 ( U)0.5 (n)0.5 (i)0.5 (ve)0.5 (r)0.5 (s)0.5 (i)0.5 (ty)0.5 (.)0.5 ( D)0.5 (u)0.5 (r)0.5 (i)0.5 (ng)26 ( )]TJ 0 Tc 0.082 Tw 0 -1.273 Td (1997 to 2001, Mr. Zhou worked for the University of California and the s\ chool of business of the )Tj 0.059 Tw 0 -1.273 Td [(University )0.5 (of )0.5 (Hong )0.5 (Kong. )0.5 (From )0.5 (April 2001 )0.5 (to )0.5 (December )0.5 (2001, )0.5 (at the invitation of China լƵ )]TJ 0.029 Tw 0 -1.273 Td [(Regulatory )0.6 (Commission )0.5 (\(\223)]TJ /T1_1 1 Tf 0 Tw (CSRC)Tj /T1_0 1 Tf 0.029 Tw [(\224\), )0.5 (Mr. )0.6 (Zhou )0.5 (acted )0.5 (as )0.5 (a )0.5 (member )0.5 (\(deputy )0.5 (level\) )0.5 (of )0.5 (the )0.5 (planning )0.5 (and )]TJ 0.051 Tw 0 -1.336 Td (development committee of CSRC. He also became the head of the finance de\ partment of )Tj /C0_0 1 Tf 0 Tw <03880D36104D>Tj 0 -1.273 Td <0B2312AA09EB>Tj /T1_0 1 Tf 0.005 Tw ( \(Guanghua School of Management\). Mr. Zhou is an expert in analyzing f\ inancial investment, )Tj 0 Tw 0 -1.21 Td (securities markets, capital operation and financial derivatives.)Tj 10 0 0 10 51.0236 48.1718 Tm (*)Tj /Span<>> BDC ( )Tj EMC 1.352 0 Td (For identification purpose only)Tj ET endstream endobj 484 0 obj <> endobj 480 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (12)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (BOARD OF DIRECTORS)Tj 0 -1.273 Td (Executive Directors)Tj /CS1 cs 0 0 0 1 scn /GS1 gs 0.007 Tc 0.091 Tw 0 -1.273 Td (Mr. Zhang Sanhuo )Tj /T1_0 1 Tf -0.007 Tw (\(\223)Tj /T1_1 1 Tf 0.091 Tw (Mr. Zhang)Tj /T1_0 1 Tf [(\224\), aged 58, joined the Company on 8 June 2017 and is now)7 ( )]TJ 0.015 Tc 0 -1.273 Td [(a)0.5 (n)0.5 ( e)0.5 (x)0.5 (ec)0.5 (u)0.5 (t)0.5 (iv)0.5 (e)0.5 ( D)0.5 (i)0.5 (re)0.5 (c)0.5 (t)0.5 (or)0.5 (,)0.5 ( t)0.5 (h)0.5 (e)0.5 ( c)0.5 (h)0.5 (a)0.5 (ir)0.5 (m)0.5 (an)0.5 ( \(t)0.5 (h)0.5 (e)0.5 ( \223)]TJ /T1_1 1 Tf -0.015 Tw 18.869 0 Td [(C)0.5 (h)0.5 (ai)0.5 (r)0.5 (m)0.5 (a)0.5 (n)]TJ /T1_0 1 Tf 0.091 Tw [(\224)0.5 (\))0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.5 (e)0.5 ( B)0.5 (oa)0.5 (r)0.5 (d)0.5 ( a)0.5 (n)0.5 (d)0.5 ( c)0.5 (hi)0.5 (e)0.5 (f)0.5 ( e)0.5 (x)0.5 (ec)0.5 (u)0.5 (t)0.5 (i)0.5 (ve)0.5 ( o)0.5 (f)0.5 (f)0.5 (ic)0.5 (e)0.5 (r)15 ( )]TJ 0 Tc 0.074 Tw -18.869 -1.273 Td (\(the \223)Tj /T1_1 1 Tf (Chief Executive Officer)Tj /T1_0 1 Tf (\224\) of the Company, the chairman of the nomination committee \(the )Tj 0 Tw 0 -1.273 Td (\223)Tj /T1_1 1 Tf 0.003 Tc 0.092 Tw 0.373 0 Td (Nomination Committee)Tj /T1_0 1 Tf [(\224\) and a member of the )0.5 (remuneration )0.5 (committee )0.5 (\(the )0.5 (\223)]TJ /T1_1 1 Tf -0.003 Tw [(Remuneration)3 ( )]TJ 0 Tc 0 Tw -0.373 -1.273 Td (Committee)Tj /T1_0 1 Tf 0.09 Tw [(\224\) of )0.5 (the Company. He )0.5 (is responsible )0.5 (for )0.5 (overall )0.5 (strategic )0.5 (planning )0.5 (and formulation )0.5 (of )]TJ 0 Tw 0 -1.273 Td (corporate strategy of the Company.)Tj 0.015 Tc 0.092 Tw 0 -2.608 Td [(Mr. )0.6 (Zhang )0.5 (graduated )0.5 (from )]TJ /C0_0 1 Tf -0.015 Tw 12.368 0 Td <0286041309CC0EBE027D12AA>Tj /T1_0 1 Tf 0.092 Tw [( )0.5 (\(Shanxi )0.5 (University )0.5 (of )0.5 (Finance )0.5 (and )0.5 (Economics\))]TJ [( )0.5 (with )0.5 (a)15 ( )]TJ 0 Tc 0.09 Tw -12.368 -1.21 Td (bachelor\222s degree in accounting and obtained a master\222s degree in \ business administration from)Tj /C0_0 1 Tf 0 Tw 0 -1.336 Td <069703EA0A2012AA09EB>Tj /T1_0 1 Tf 0.063 Tw ( \(Cheung Kong Graduate School of Business*\). He has over 20 years of e\ xperience in )Tj 0 Tw 0 -1.21 Td (corporate management in mining, investment, finance and other industries\ .)Tj 0.076 Tw 0 -2.545 Td (Save for abovementioned, Mr. Zhang was an executive director of Green Le\ ader Holdings Group )Tj 0.054 Tw 0 -1.273 Td (Limited \(\223)Tj /T1_1 1 Tf (Green Leader)Tj /T1_0 1 Tf (\224\) from 7 June 2013 to 4 September 2024, the shares of which are lis\ ted )Tj 0.006 Tc 0.092 Tw 0 -1.273 Td (on the Main Board \(stock code: 61\) of The Stock Exchange of Hong Kong \ Limited \(the \223)Tj /T1_1 1 Tf -0.006 Tw [(Stock)6 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Exchange)Tj /T1_0 1 Tf (\224\).)Tj /T1_1 1 Tf 0.004 Tc 0.092 Tw 0 -2.545 Td (Ms. An Juan)Tj /T1_0 1 Tf ( \(\223)Tj /T1_1 1 Tf (Ms. An)Tj /T1_0 1 Tf [(\224\), aged 46, joined the Company on 27 June 2024. Ms An obtained the)4 ( )]TJ 0.015 Tc 0.091 Tw 0 -1.273 Td [(d)0.5 (e)0.6 (g)0.5 (r)0.5 (e)0.5 (e)0.5 ( o)0.5 (f)0.6 ( b)0.6 (a)0.5 (c)0.5 (h)0.5 (e)0.6 (l)0.5 (o)0.5 (r)0.6 ( i)0.5 (n)0.6 ( e)0.5 (d)0.5 (u)0.5 (c)0.6 (a)0.5 (t)0.5 (i)0.5 (o)0.6 (n)0.5 (a)0.5 (l)0.5 ( p)0.5 (s)0.6 (y)0.5 (c)0.5 (h)0.5 (o)0.5 (l)0.6 (o)0.5 (g)0.5 (y)0.5 ( a)0.5 (t)0.5 ( X)0.6 (i)0.5 (n)0.5 (z)0.5 (h)0.6 (o)0.5 (u)0.5 ( N)0.5 (o)0.5 (r)0.6 (m)0.5 (a)0.5 (l)0.5 ( U)0.5 (n)0.6 (i)0.5 (v)0.5 (e)0.5 (r)0.6 (s)0.5 (i)0.5 (t)0.5 (y)0.6 ( i)0.6 (n)0.5 ( t)0.5 (h)0.5 (e)0.6 ( P)0.6 (R)0.5 (C)0.5 ( i)0.5 (n)0.5 ( J)0.5 (u)0.6 (l)0.5 (y)15 ( )]TJ 0.028 Tc 0.092 Tw 0 -1.273 Td [(2002. With over 20 years of management experience, she has developed a c\ omprehensive)28 ( )]TJ 0.006 Tc 0 -1.273 Td [(understanding of various management processes. Since June 2023, Ms. An h\ as been the legal)6 ( )]TJ 0.003 Tc 0 -1.273 Td [(representative and director of Taiyuan Real Talent Technology Limited, a\ n indirect wholly-owned)3 ( )]TJ 0.023 Tc 0.091 Tw 0 -1.273 Td [(subsidiary of the Company. Since November 2021, Ms. An has also been the\ administrative)23 ( )]TJ 0.009 Tc 0.092 Tw 0 -1.336 Td (officer of Gujiao Hengbaitai Coal Trading Co. Ltd. \()Tj /C0_0 1 Tf -0.009 Tw <031A037403390729053A09070E69078D0D7105F803DE082202AE0321>Tj /T1_0 1 Tf 0.092 Tw [(\), an indirect)9 ( )]TJ 0 Tc 0 Tw 42.52 0 Td ( )Tj 0.025 Tc 0.091 Tw -42.52 -1.21 Td [(whol)0.5 (ly-owned sub)0.5 (sidiary of Green)0.5 ( L)0.5 (eader. Ms. An has)0.5 ( als)0.5 (o be)0.5 (en appointe)0.5 (d a)0.5 (s a)0.5 (n ex)0.5 (ecutive)25 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (director of Green Leader with effect from 28 June 2024.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Independent Non-executive Directors)Tj /CS1 cs 0 0 0 1 scn /GS1 gs 0.051 Tc 0.091 Tw 0 -1.273 Td [(M)0.5 (r)0.5 (.)0.5 ( S)0.5 (o)0.5 ( S)0.5 (t)0.5 (e)0.5 (p)0.5 (h)0.5 (e)0.5 (n)0.5 ( H)0.5 (o)0.5 (n)0.5 ( C)0.5 (h)0.5 (e)0.5 (u)0.5 (n)0.5 (g)0.5 ( )]TJ /T1_0 1 Tf -0.051 Tw [(\()0.5 (\223)]TJ /T1_1 1 Tf 0.091 Tw 16.304 0 Td [(M)0.5 (r)0.5 (.)0.5 ( S)0.5 (o)]TJ /T1_0 1 Tf 3.507 0 Td [(\224)0.5 (\))0.5 (,)0.5 ( a)0.5 (g)0.5 (e)0.5 (d 6)0.5 (8,)0.5 ( w)0.5 (as)0.5 ( a)0.5 (p)0.5 (po)0.5 (i)0.5 (n)0.5 (t)0.5 (e)0.5 (d)0.5 ( a)0.5 (s)0.5 ( an)0.5 ( i)0.5 (n)0.5 (de)0.5 (p)0.5 (e)0.5 (n)0.5 (d)0.5 (e)0.5 (n)0.5 (t)51 ( )]TJ 0.005 Tc -19.811 -1.273 Td [(non- executive Director on 13 September 2002. He is the chairman of the \ audit committee \(the)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (\223)Tj /T1_1 1 Tf 0.012 Tc 0.091 Tw 0.382 0 Td [(A)0.5 (u)0.5 (d)0.5 (i)0.5 (t)0.5 ( C)0.5 (o)0.5 (mm)0.6 (i)0.5 (t)0.5 (t)0.5 (e)0.5 (e)]TJ /T1_0 1 Tf 8.315 0 Td [(\224)0.5 (\))0.5 ( o)0.6 (f t)0.5 (h)0.5 (e)0.5 ( C)0.5 (o)0.5 (mp)0.6 (an)0.6 (y)0.5 ( a)0.5 (n)0.5 (d)0.5 ( t)0.5 (h)0.5 (e)0.5 ( R)0.5 (e)0.5 (m)0.5 (u)0.5 (n)0.5 (e)0.5 (r)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.5 ( C)0.5 (o)0.5 (m)0.5 (m)0.5 (i)0.5 (t)0.5 (t)0.5 (e)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.5 ( a)0.5 ( m)0.5 (e)0.5 (m)0.5 (b)0.5 (e)0.5 (r)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.6 (e)11.9 ( )]TJ 0.016 Tc 0.092 Tw -8.697 -1.273 Td [(Nomination Committee. Mr. So is a director of the accounting firm T.M Ho\ , So & Leung CPA)16 ( )]TJ 0.014 Tc 0 -1.273 Td [(Limited, and is a fellow member of the Hong Kong Institute of Certified \ Public Accountants, a)14 ( )]TJ 0.006 Tc 0 -1.273 Td [(member of the Chartered Professional Accountants of Canada and a member \ of the Society of)6 ( )]TJ 0.001 Tc 0 -1.273 Td [(Certified Management Accountants of Canada. He holds a bachelor\222s deg\ ree in commerce from)1 ( )]TJ 0.017 Tc 0 -1.273 Td [(the University of British Columbia, Canada and was a visiting professor \ of various universities)17 ( )]TJ 0 Tc 0.089 Tw 0 -1.273 Td (and colleges in Beijing, Liaoning, Sichuan, Xinjiang, Qinghai and Guangd\ ong of the PRC. He has )Tj 0.013 Tc 0.092 Tw 0 -1.273 Td [(extensive experience in the commercial sector of manufacturing, wholesal\ e and trading and in)13 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (public practice working for various companies in Hong Kong, the PRC and \ Canada.)Tj 10 0 0 10 76.5354 48.1729 Tm (*)Tj /Span<>> BDC ( )Tj EMC 1.352 0 Td (For identification purpose only)Tj ET endstream endobj 481 0 obj <> endobj 482 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (DIRECTORS\222 AND SENIOR MANAGEMENT'S BIOGRAPHIES)Tj ET endstream endobj 494 0 obj <> endobj 495 0 obj <> endobj 496 0 obj <>stream H\j0 \/Ji !0z\=@j+]`q^'YlFo)93$a4 [0Ne9W(8ag;^p`1 O_fIst3PU`B/m$ֵx?/ke|.!L̘[uWTeJLRx٥3mPeiJVxK\d"΅s.f:E1G#I|&oiك=hÞs4Ǐ-I63;|L܏H[ 0L[ endstream endobj 497 0 obj <>stream HR lUɊfv, kIK+hmqҝe-V#)) ZCX $EʧP"Xw;Y>FԘI};seaYv]21S,RgX)f˪6:r(ӰKG5ьAYʫUSLTgdM$$;³^ Qȭe> Dْ!b1K*E!tE<%HG=^/|R)hD^A*DaQbnMK, 2P*#j ;@<4(_(K^ *yJ$җU#"K ҏb1&fI42)fpf)gvCY=iH1,6v.iejL Robw4lFyLf%(DkhCҜy}zf}}a7?z%TTDZru׉9whGeՠD Β+7g ~vgwOv`6ba [3PV(mZD58dp@NUzO%5;BN=S]1$q%G9N_~R#dv)pZCB5\XDc>P &# W:GbtH'8{h,4tX?O2K~A1a,OUJ1(%`DZ7Cm "`f;5#6xƦlأ1M)ko dNT_q4/s`=Јɏ #/'Lmr(z!n} mv&ja ktQ3rSg`vg`6:2U*^v+nX!-}f:p3SQPW;m:"A0$PCO`A0$W`csZQniB?dQ]Zתoh.N6EmSmޥC>#x ٮ%щ4do=2e8s=ǁ*~ xSp;ON0opmN"Iy+ćJ/HuO&6G,?nܵvP7[\8X":*nE,Wսo°Y03I0(q8ygoc\-Mv:pyt4v\r@]bB>V'P )8ZŰzLZw,bi [PjW Mכkaw+5G4jכ1>)!p endstream endobj 478 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 552.0039 772.0576 Tm (11)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (BUSINESS OUTLOOK)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.005 Tc 0.092 Tw 0 -1.273 Td [(The Group will continue to deepen its efforts in the established market \ and strategically expand)5 ( )]TJ 0 Tc 0.048 Tw 0 -1.273 Td (new growth points for its business step by step. In the coming year, whi\ le the Group will continue )Tj 0.023 Tw 0 -1.273 Td (to take steps in cost management, the Group will devote more resources t\ o the Computer Service )Tj 0.02 Tw 0 -1.273 Td [(Business )0.6 (in )0.6 (order )0.6 (to )0.6 (expand )0.6 (the )0.5 (Group\222s )0.6 (customers )0.7 (base, )0.6 (obtain )0.5 (customer )0.6 (orders )0.6 (and )0.5 (increase )0.5 (its )]TJ 0 Tw 0 -1.273 Td (market share.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (SIGNIFICANT INVESTMENTS AND MATERIAL ACQUISITIONS AND/OR DISPOSALS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td [(Oth)0.5 (er tha)0.5 (n the)0.5 ( disp)0.5 (osal of )0.5 (Talent)0.5 ( Cres)0.5 (t and )0.5 (its su)0.5 (bsid)0.5 (iaries)0.5 ( as det)0.5 (ailed )0.5 (in the )0.5 (annou)0.5 (nceme)0.5 (nts of)0.5 ( the )]TJ 0.058 Tw 0 -1.273 Td [(Company )0.6 (dated )0.5 (21 )0.6 (December )0.5 (2023 )0.6 (and )0.5 (22 )0.6 (December )0.5 (2023, )0.6 (there )0.5 (was )0.6 (no )0.5 (significant )0.5 (investment )]TJ 0.02 Tc 0.092 Tw 0 -1.273 Td [(held by the Group, nor were there any material acquisitions and/or dispo\ sals of subsidiaries,)20.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (associates and joint ventures during the Year.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (FUTURE PLAN FOR MATERIAL INVESTMENTS OR CAPITAL ASSETS)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.05 Tw 0 -1.273 Td (As at 30 June 2024, the Group did not have any plan for material investm\ ents or capital assets in )Tj 0 Tw 0 -1.273 Td (the coming year.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (EMPLOYEES AND REMUNERATION POLICY)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.012 Tc 0.092 Tw 0 -1.273 Td [(The Group ensured that its employees are remunerated according to the pr\ evailing manpower)12 ( )]TJ 0 Tc 0.055 Tw 0 -1.273 Td (market conditions, individual performance, qualification, experience and\ the remuneration policies, )Tj 0.029 Tc 0.092 Tw 0 -1.273 Td [(which )0.5 (are )0.5 (reviewed )0.5 (on )0.6 (a )0.5 (regular )0.5 (basis. )0.5 (As )0.5 (at )0.5 (30 )0.5 (June )0.5 (2024, )0.5 (the )0.5 (Group )0.5 (had )0.5 (27 )0.5 (employees,)29 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (including 2 executive Directors and 3 independent non-executive Director\ s, at market remuneration )Tj 0.007 Tc 0.092 Tw 0 -1.273 Td [(with employee benefits such as medical coverage, insurance plan, retirem\ ent benefits schemes)7 ( )]TJ 0.033 Tc 0 -1.273 Td [(and discretionary bonus. Staff costs, including Directors\222 emoluments\ , were approximately)33 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (HK$9,603,000 for the Year as compared with that of approximately HK$22,2\ 30,000 last year.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (CAPITAL COMMITMENT AND CONTINGENT LIABILITIES)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.004 Tw 0 -1.273 Td (The Group had no material capital commitment and contingent liabilities \ as at 30 June 2024 \(2023: )Tj 0 Tw 0 -1.273 Td (Nil\).)Tj ET endstream endobj 479 0 obj <> endobj 10 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 11 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 12 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 13 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 437 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 507 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 33.2637 772.0576 Tm (10)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (BUSINESS REVIEW )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Trading Business )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.002 Tw 0 -1.273 Td (The Group carries out market researches to keep abreast of the raw plast\ ic material market trends, )Tj 0.083 Tw 0 -1.273 Td [(development )0.5 (and changes in end-user )0.5 (preferences in the PRC. Leveraging the business network )]TJ 0.066 Tw 0 -1.273 Td (of the Group\222s sales team in the industry, the Group is positioned to\ maintain its relationship with )Tj 0 Tw 0 -1.273 Td (its current customers while gradually expanding its customer base.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Computer Software and Hardware and System Development Service)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.007 Tc 0.092 Tw 0 -1.273 Td [(This business segment is conducted through the PRC Subsidiary and the JV\ Company. During)7 ( )]TJ 0.006 Tc 0 -1.273 Td [(the Year, the segment\222s revenue was approximately HK$1,687,000, repre\ senting a decrease of)6.1 ( )376 ( )]TJ 0.001 Tc 0 -1.273 Td [(approximately 85% compared to that of approximately HK$11,320,000 last y\ ear. The segment\222s)1 ( )]TJ 0.037 Tc 0 -1.273 Td [(loss was approximately HK$1,094,000, )0.5 (representing )0.5 (a decrease )0.5 (of )0.5 (approximately )0.5 (99% )0.5 (as)37 ( )]TJ 0.008 Tc 0.091 Tw 0 -1.273 Td [(compared to a segment\222s loss of approximately HK$98,266,000 last year\ . The reduction in the)8 ( )]TJ 0 Tc 0.088 Tw 0 -1.273 Td (segment\222s loss for the Year is primarily attributable to the absence \ of certain non-recurring items )Tj -0.001 Tc 0 Tw 0 -1.273 Td [(that were included in the last year\222s segment result. Specifically, t\ he last year\222s result encompassed)-1 ( )]TJ 0 Tc 0 -1.273 Td (other losses arising from a business combination.)Tj 0.015 Tc 0.091 Tw 0 -2.545 Td [(T)0.5 (h)0.5 (e)0.5 ( G)0.5 (r)0.6 (o)0.5 (u)0.5 (p)0.5 ( a)0.5 (c)0.5 (q)0.5 (u)0.6 (i)0.5 (r)0.5 (e)0.5 (d)0.5 ( t)0.5 (h)0.5 (e)0.6 ( P)0.6 (R)0.5 (C)0.5 ( S)0.6 (u)0.5 (b)0.5 (s)0.5 (i)0.6 (d)0.5 (i)0.5 (a)0.5 (r)0.5 (y)0.5 ( i)0.5 (n)0.5 ( J)0.5 (u)0.5 (l)0.6 (y)0.5 ( 2)0.6 (0)0.5 (1)0.5 (8)0.5 (,)0.5 ( w)0.5 (h)0.5 (i)0.5 (c)0.5 (h)0.6 ( p)0.6 (r)0.5 (o)0.5 (v)0.5 (i)0.5 (d)0.5 (e)0.5 (s)0.6 ( c)0.6 (o)0.5 (m)0.5 (p)0.5 (u)0.5 (t)0.5 (e)0.5 (r)0.6 ( s)0.5 (o)0.5 (f)0.5 (t)0.5 (w)0.5 (a)0.5 (r)0.6 (e)0.5 ( a)0.5 (n)0.5 (d)15 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (hardware and system development services \(the \223)Tj /T1_1 1 Tf (Computer Service Business)Tj /T1_0 1 Tf (\224\) in the PRC.)Tj 0.008 Tc 0.092 Tw 0 -2.545 Td (Following the outbreak of the novel coronavirus disease \(the \223)Tj /T1_1 1 Tf -0.008 Tw (COVID-19)Tj /T1_0 1 Tf 0.092 Tw [(\224\) which contributes to)7.9 ( )]TJ 0 Tc 0.077 Tw 0 -1.273 Td (the poor market sentiment in the PRC, being the Group\222s major market,\ customers of the Group )Tj 0.004 Tc 0.091 Tw 0 -1.273 Td [(b)0.5 (ec)0.5 (am)0.5 (e)0.5 ( ve)0.5 (r)0.5 (y c)0.5 (o)0.5 (ns)0.5 (e)0.5 (rv)0.5 (at)0.5 (i)0.5 (ve)0.5 ( in)0.5 ( t)0.5 (h)0.5 (ei)0.5 (r)0.5 ( so)0.5 (f)0.5 (tw)0.5 (a)0.5 (re)0.5 ( d)0.5 (ev)0.5 (el)0.5 (op)0.5 (m)0.5 (en)0.5 (t)0.5 ( an)0.5 (d)0.5 ( w)0.5 (er)0.5 (e le)0.5 (ss)0.5 ( m)0.5 (o)0.5 (ti)0.5 (va)0.5 (t)0.5 (ed)0.5 ( t)0.5 (o c)0.5 (o)0.5 (mm)0.5 (en)0.5 (c)0.5 (e)4 ( )]TJ 0.005 Tc 0.092 Tw 0 -1.273 Td [(new program, upgrade existing system or acquire new hardware. Despite th\ e gradual easing of)5 ( )]TJ 0.018 Tc 0 -1.273 Td [(COVID-19 pandemic, geopolitical conflicts and tensions, the global inter\ est rate environment,)18 ( )]TJ 0.012 Tc 0 -1.273 Td [(and the unpredictable post-pandemic recovery in the PRC\222s economies w\ ill continue to cause)12 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (uncertainties and external headwinds for the Computer Service Business i\ n the PRC.)Tj 0.009 Tw 0 -2.545 Td (On 22 December 2023, the Group disposed of Talent Crest and its subsidia\ ries, including the PRC )Tj 0.053 Tw 0 -1.273 Td [(Subsidiary. )0.6 (For )0.6 (further )0.6 (details )0.6 (of )0.6 (the )0.5 (disposal, )0.6 (please )0.6 (refer )0.6 (to )0.5 (the )0.5 (announcements )0.6 (of )0.5 (the )0.6 (Company )]TJ 0.036 Tw 0 -1.273 Td (dated 21 December 2023 and 22 December 2023. The Directors are of the vi\ ew that the disposal )Tj 0.064 Tw 0 -1.273 Td (offers an opportunity for the Group to dispose of its interests in the P\ RC Subsidiary and to better )Tj 0.015 Tc 0.092 Tw 0 -1.273 Td [(allocate its resources for the development of its existing business and/\ or investments in other)15 ( )]TJ -0.001 Tc 0 Tw 0 -1.273 Td [(business opportunities in respect of the Computer Service Business. The \ Group will closely monitor)-1 ( )]TJ 0.012 Tc 0.092 Tw 0 -1.273 Td [(the market conditions and revive the Computer Service Business should su\ itable opportunities)12.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (arise.)Tj 0.083 Tw 0 -2.545 Td (On 23 January 2024, the Group established the JV Company in Shenzhen, th\ e PRC. The Group )Tj 0.01 Tc 0.092 Tw 0 -1.273 Td [(indirectly holds a 51% equity stake in the JV Company. During the Year, \ )0.5 (the JV Company has)10 ( )]TJ 0.013 Tc 0.091 Tw 0 -1.273 Td [(s)0.5 (t)0.5 (a)0.5 (r)0.5 (t)0.5 (e)0.5 (d)0.5 ( o)0.5 (p)0.5 (e)0.5 (r)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.5 (s)0.5 ( a)0.5 (n)0.5 (d)0.5 ( h)0.5 (a)0.5 (s)0.5 ( a)0.5 (l)0.5 (r)0.5 (e)0.5 (ad)0.6 (y)0.5 ( b)0.5 (e)0.5 (e)0.5 (n)0.5 ( c)0.5 (o)0.5 (n)0.5 (t)0.5 (r)0.5 (i)0.5 (b)0.5 (u)0.5 (t)0.5 (i)0.5 (n)0.5 (g)0.5 ( t)0.5 (o)0.5 ( t)0.5 (h)0.5 (e)0.5 ( G)0.5 (r)0.6 (ou)0.5 (p)0.6 (\222s)0.6 ( r)0.5 (e)0.5 (v)0.5 (e)0.5 (n)0.5 (u)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.5 ( p)0.5 (r)0.5 (o)0.5 (f)0.5 (i)0.5 (t)0.5 (.)0.5 ( A)0.5 (p)0.5 (a)0.5 (r)0.5 (t)13 ( )]TJ 0 Tc 0.087 Tw 0 -1.273 Td [(from )0.6 (its )0.5 (Computer )0.6 (Service )0.6 (Business, )0.6 (the )0.5 (JV )0.5 (Company )0.5 (will )0.6 (expand )0.5 (into )0.6 (measurement )0.5 (and )0.5 (control )]TJ 0.035 Tc 0.091 Tw 0 -1.273 Td [(eq)0.5 (u)0.5 (ip)0.5 (me)0.5 (nt)0.5 ( in)0.5 (te)0.5 (gr)0.5 (a)0.5 (ti)0.5 (on)0.5 (, a)0.5 (s w)0.5 (el)0.5 (l a)0.5 (s t)0.5 (h)0.5 (e d)0.5 (ro)0.5 (ne)0.5 ( an)0.5 (d)0.5 ( ro)0.5 (bo)0.5 (ti)0.5 (cs)0.5 ( ma)0.5 (rk)0.5 (et)0.5 (s)0.5 (. T)0.5 (hi)0.5 (s e)0.5 (xp)0.5 (an)0.5 (s)0.5 (ion)0.5 ( a)0.5 (im)0.5 (s t)0.5 (o)35 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(increase revenue and take advantage of new market opportunities. The mai\ n target customers)10.1 ( )]TJ 0.006 Tc 0.091 Tw 0 -1.273 Td [(a)0.5 (r)0.5 (e)0.6 ( m)0.5 (e)0.6 (a)0.5 (s)0.5 (u)0.5 (r)0.6 (e)0.5 (m)0.5 (e)0.5 (n)0.5 (t)0.5 ( a)0.5 (n)0.6 (d)0.5 ( c)0.5 (o)0.5 (n)0.5 (t)0.5 (r)0.6 (o)0.5 (l)0.5 ( e)0.5 (q)0.5 (u)0.5 (i)0.5 (p)0.6 (m)0.5 (e)0.5 (n)0.5 (t)0.6 ( i)0.5 (n)0.6 (t)0.5 (e)0.5 (g)0.5 (r)0.5 (a)0.6 (t)0.5 (o)0.5 (r)0.5 (s)0.5 ( a)0.5 (n)0.6 (d)0.5 ( s)0.5 (m)0.5 (a)0.5 (l)0.5 (l)0.5 ( t)0.6 (o)0.5 ( m)0.6 (e)0.5 (d)0.5 (i)0.5 (u)0.5 (m)0.5 (-)0.6 (s)0.5 (i)0.5 (z)0.5 (e)0.5 (d)0.6 ( b)0.5 (u)0.6 (s)0.5 (i)0.5 (n)0.5 (e)0.6 (s)0.5 (s)0.5 (e)0.5 (s)0.6 (.)0.5 ( B)0.5 (y)6.1 ( )]TJ 0 Tc 0.077 Tw 0 -1.273 Td (leveraging the benefits of the joint venture, the Directors believe that\ the JV Company will quickly )Tj 0 Tw 0 -1.273 Td (establish its market presence and improve the Group\222s financial perfo\ rmance.)Tj ET endstream endobj 508 0 obj <> endobj 500 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (MANAGEMENT DISCUSSION AND ANALYSIS)Tj ET endstream endobj 509 0 obj <> endobj 510 0 obj <> endobj 511 0 obj <>stream H\j0 ~ CI֔ e{V='Edq &z"N-Z ^{-ަnۡ *#q3O w2JN)ΰzv*{cﯰ5d-'ȡ,aGE4oHwse_H1vt8bli`δJZd~Q-s 싅)w{=s%\1'Y4Z4{iK)h 蝽Hm[F;{|L3Hş`[RI endstream endobj 512 0 obj <>stream HRmlUt݅;ԅe]6(Xkk* 8;Z%FR BmP DcKDKĘ 5%J}ÝEߖ#j$2s. 7'"4#&g>:;/.-0δ۰ٱ_Η_8澱䇴䷵hvdz#8oxʸ$P#=32d>󤳲V±Ņ>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 554.5059 772.0576 Tm (9)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (BUSINESS REVIEW )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (Other Brand Products)Tj /T1_0 1 Tf 0.092 Tw 0 -1.273 Td (During the Year, the revenue growth of other brand products was notably \ significant. The Group )Tj 0.021 Tc 0 -1.273 Td [(experienced a positive impact on sales due to the establishment of stabl\ e sources of supply)21 ( )]TJ 0.01 Tc 0 -1.273 Td [(and reliable vendors. This resulted in a corresponding increase in both \ the customer base and)10 ( )]TJ 0.003 Tc 0.091 Tw 0 -1.273 Td [(revenue. The segment revenue and segment profit from other brand product\ s for the Year were)3 ( )]TJ 0.011 Tc 0 -1.273 Td [(approximately HK$190,982,000 and approximately HK$1,799,000 respectively\ \(2023: segment)11 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (revenue was approximately HK$105,000 and segment loss was approximately \ HK$27,000\).)Tj 0.014 Tc 0.092 Tw 0 -2.545 Td [(The products sold by the Group under this segment are generally classifi\ ed into \(i\) the sale of)14.1 ( )]TJ 0.007 Tc 0 -1.273 Td [(other )0.5 (manufacturers\222 )0.5 (computer )0.6 (components )0.5 (\(the )0.5 (\223)]TJ /T1_1 1 Tf [(Other )0.5 (Computer )0.5 (Components)]TJ /T1_0 1 Tf [(\224\) )0.5 (and )0.5 (\(ii\) )0.5 (the)7 ( )]TJ 0.005 Tc 0.091 Tw 0 -1.273 Td [(s)0.5 (a)0.5 (l)0.5 (e)0.5 ( o)0.5 (f)0.5 ( c)0.5 (on)0.5 (s)0.5 (u)0.5 (m)0.5 (e)0.5 (r)0.5 ( e)0.5 (l)0.5 (ec)0.5 (t)0.5 (r)0.5 (o)0.5 (n)0.5 (i)0.5 (c)0.5 ( p)0.5 (r)0.5 (o)0.5 (d)0.5 (u)0.5 (c)0.5 (t)0.5 (s)0.5 ( in)0.6 (cl)0.5 (u)0.5 (d)0.5 (i)0.5 (n)0.5 (g)0.5 ( m)0.5 (o)0.5 (bi)0.5 (l)0.5 (e)0.5 ( p)0.5 (h)0.5 (on)0.6 (es)0.5 (,)0.5 ( p)0.5 (r)0.5 (i)0.5 (n)0.5 (t)0.5 (er)0.6 (s)0.5 (, m)0.5 (o)0.5 (n)0.5 (i)0.5 (t)0.5 (or)0.5 (s)0.5 ( a)0.5 (n)0.5 (d)0.5 ( w)0.5 (e)0.5 (b)0.5 (c)0.5 (a)0.5 (m)0.5 (s)5 ( )]TJ 0.024 Tc 0 -1.273 Td (\(the \223)Tj /T1_1 1 Tf (Other Electronic Products)Tj /T1_0 1 Tf (\224, together with Other Computer Components, the \223)Tj /T1_1 1 Tf -0.024 Tw [(Other)24 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Products)Tj /T1_0 1 Tf (\224\).)Tj 0.031 Tc 0.092 Tw 0 -2.545 Td [(Other Products were mainly sold to distributors and retailers in Asia. T\ hroughout the Year,)31 ( )]TJ 0 Tc 0.014 Tw 0 -1.273 Td (customers of the Other Products were mainly large product distributors a\ nd retailers in Hong Kong )Tj 0.011 Tc 0.091 Tw 0 -1.273 Td [(a)0.5 (nd)0.5 ( t)0.5 (he)0.5 ( P)0.5 (R)0.5 (C.)0.5 ( Th)0.5 (e)0.5 ( G)0.5 (ro)0.5 (u)0.5 (p s)0.5 (t)0.5 (ri)0.5 (v)0.5 (es)0.5 ( t)0.5 (o at)0.5 (t)0.5 (ra)0.5 (ct)0.5 ( n)0.5 (e)0.5 (w c)0.5 (u)0.5 (st)0.5 (o)0.5 (me)0.5 (r)0.5 (s t)0.5 (o)0.5 ( di)0.5 (v)0.5 (er)0.5 (s)0.5 (if)0.5 (y)0.5 ( an)0.5 (d)0.5 ( b)0.5 (ro)0.5 (ad)0.5 (e)0.5 (n i)0.5 (t)0.5 (s ex)0.5 (i)0.5 (st)0.5 (i)0.5 (ng)11 ( )]TJ 0 Tc 0.054 Tw 0 -1.273 Td (customer base in the coming year. Leveraging the business network of the\ Group\222s sales team in )Tj 0.004 Tc 0.091 Tw 0 -1.273 Td [(t)0.5 (h)0.5 (e)0.5 ( i)0.5 (n)0.5 (d)0.5 (us)0.5 (t)0.5 (r)0.5 (y)0.5 (,)0.5 ( t)0.5 (h)0.5 (e)0.5 ( G)0.5 (r)0.5 (o)0.5 (up)0.5 ( i)0.5 (s)0.5 ( p)0.5 (o)0.5 (s)0.5 (it)0.5 (i)0.5 (o)0.5 (n)0.5 (e)0.5 (d t)0.5 (o)0.5 ( m)0.5 (a)0.5 (in)0.5 (t)0.5 (a)0.5 (i)0.5 (n)0.5 ( i)0.5 (t)0.5 (s)0.5 ( r)0.5 (e)0.5 (l)0.5 (at)0.5 (i)0.5 (o)0.5 (n)0.5 (s)0.5 (h)0.5 (ip)0.5 ( wi)0.5 (t)0.5 (h)0.5 ( i)0.5 (t)0.5 (s)0.5 ( c)0.5 (u)0.5 (r)0.5 (r)0.5 (e)0.5 (n)0.5 (t)0.5 ( c)0.5 (u)0.5 (s)0.5 (t)0.5 (om)0.5 (e)0.5 (r)0.5 (s)0.5 ( w)0.5 (h)0.5 (i)0.5 (le)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (gradually expanding its customer base.)Tj 0.075 Tw 0 -2.545 Td (The Directors believe that \(i\) the Group\222s long operating history i\ n the computer components and )Tj 0.005 Tc 0.092 Tw 0 -1.273 Td [(electronic products )0.5 (industry in )0.5 (the PRC; )0.5 (\(ii\) )0.5 (close relationships )0.5 (with )0.5 (its suppliers )0.5 (and customers;)5 ( )]TJ 0 Tc 0.03 Tw 0 -1.273 Td (and \(iii\) experienced professional management team, are the key factor\ s that will enable the Group )Tj -0.002 Tc 0 Tw 0 -1.273 Td [(to resume to its prior market position in the computer components and el\ ectronic products industry)-2 ( )]TJ 0 Tc 0 -1.273 Td (and capture the future growth in the computer components and electronic \ products market.)Tj 0.017 Tc 0.092 Tw 0 -2.545 Td [(Going forward, the Group will allocate more resources to develop this bu\ siness segment and)17 ( )]TJ 0.008 Tc 0 -1.273 Td [(actively seek for new customers to achieve business growth. The Group ai\ ms to strengthen its)8 ( )]TJ 0.004 Tc 0 -1.273 Td [(market position and realise the long-term potential in this segment. Bey\ ond top-line growth, the)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Group also aims to improve profitability levels to deliver sound financi\ al performance.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Trading Business)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.08 Tw 0 -1.273 Td (During the Year, the revenue from the trading business increased by 19%.\ The segment revenue )Tj 0.005 Tc 0.092 Tw 0 -1.273 Td [(and segment profits from the trading business for the Year were approxim\ ately HK$42,163,000)5 ( )]TJ 0.056 Tc 0 -1.273 Td [(and approximately HK$245,000 respectively \(2023: approximately HK$35,56\ 8,000 and)56.1 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (approximately HK$274,000\).)Tj 0.005 Tc 0.092 Tw 0 -2.545 Td [(The revenue of this segment business was generated from the sales of raw\ plastic materials. In)5 ( )]TJ 0.011 Tc 0.091 Tw 0 -1.273 Td [(view of the gradual resumption of economic activities in the PRC since J\ anuary 2023 after the)11 ( )]TJ 0.003 Tc 0 -1.273 Td [(p)0.5 (an)0.5 (de)0.5 (mi)0.5 (c, va)0.5 (ri)0.5 (ous)0.5 ( i)0.5 (nd)0.5 (us)0.5 (tr)0.5 (ie)0.5 (s)0.5 ( e)0.5 (x)0.5 (pe)0.5 (ri)0.5 (en)0.5 (ce)0.5 (d a)0.5 ( re)0.5 (su)0.5 (r)0.5 (gen)0.5 (c)0.5 (e i)0.5 (n c)0.5 (om)0.5 (me)0.5 (rc)0.5 (ia)0.5 (l a)0.5 (ct)0.5 (ivi)0.5 (ti)0.5 (es)0.5 (. R)0.5 (e)0.5 (cog)0.5 (n)0.5 (is)0.5 (in)0.5 (g t)0.5 (he)3 ( )]TJ 0.001 Tc 0.092 Tw 0 -1.273 Td [(increasing demand for )0.5 (raw plastic )0.5 (materials, )0.5 (the Company seized the opportunity to venture into)1 ( )]TJ 0 Tc 0.024 Tw 0 -1.273 Td (the trading of raw plastic materials, with a view to exploring new busin\ ess markets and capitalising )Tj 0 Tw 0 -1.273 Td (on the market growth in the plastic industry.)Tj ET endstream endobj 506 0 obj <> endobj 503 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 35.7657 772.0576 Tm (8)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (FINANCIAL REVIEW )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Continuing Operation )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (Gearing Ratio)Tj /T1_0 1 Tf 0.069 Tw 0 -1.273 Td (As at 30 June 2024, the gearing ratio of the Group based on total liabil\ ities over total assets was )Tj 0 Tw 0 -1.273 Td (approximately 4% \(2023: approximately 21%\).)Tj /T1_3 1 Tf 0 -2.545 Td (Foreign Exchange Exposure)Tj /T1_0 1 Tf 0.005 Tc 0.091 Tw 0 -1.273 Td [(The Group\222s monetary assets, liabilities and transactions are mainly \ denominated in Hong Kong)5 ( )]TJ 0.021 Tc 0.092 Tw 0 -1.273 Td [(dollars and Renminbi. The Group is mainly exposed to foreign exchange ri\ sk with respect to)21 ( )]TJ 0.005 Tc 0.091 Tw 0 -1.273 Td [(R)0.5 (e)0.5 (n)0.5 (m)0.5 (in)0.5 (b)0.5 (i)0.5 ( w)0.5 (h)0.5 (i)0.5 (c)0.5 (h)0.5 ( m)0.5 (a)0.5 (y)0.5 ( a)0.5 (f)0.5 (f)0.5 (ec)0.5 (t)0.5 ( t)0.5 (he)0.5 ( Gr)0.5 (o)0.5 (u)0.5 (p)0.5 (\222)0.5 (s)0.5 ( p)0.5 (e)0.5 (r)0.5 (f)0.5 (or)0.5 (m)0.5 (a)0.5 (n)0.5 (c)0.5 (e.)0.5 ( T)0.5 (he)0.5 ( G)0.5 (r)0.5 (ou)0.5 (p)0.5 ( r)0.5 (e)0.5 (g)0.5 (u)0.5 (l)0.5 (a)0.5 (r)0.5 (ly)0.5 ( r)0.6 (ev)0.5 (i)0.5 (e)0.5 (w)0.5 (s)0.5 ( t)0.5 (h)0.5 (e)0.5 ( b)0.5 (a)0.5 (l)0.5 (an)0.5 (c)0.5 (e)0.5 (s)5 ( )]TJ 0.012 Tc 0 -1.273 Td [(of assets and liabilities and the currencies in which the transactions a\ re denominated so as to)11.9 ( )]TJ 0 Tc 0.085 Tw 0 -1.273 Td (minimise the Group\222s exposure to foreign currency risk. During the Ye\ ar, no financial instruments )Tj 0.045 Tw 0 -1.273 Td (had been used for hedging purpose. The Directors are of the view that th\ e transactional exposure )Tj 0 Tw 0 -1.273 Td (of the Group in currencies other than the functional currencies is maint\ ained at an acceptable level.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (BUSINESS REVIEW)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.001 Tc 0.092 Tw 0 -1.273 Td [(During the Year under review, the escalating geopolitical tensions, pers\ istently high interest rates)1.1 ( )]TJ 0 Tc 0.024 Tw 0 -1.273 Td (and the rise of trade protectionism brought challenges to global economi\ c development. However, )Tj 0.004 Tc 0.092 Tw 0 -1.273 Td [(the )0.5 (national )0.5 (economy )0.5 (of )0.5 (the )0.5 (PRC )0.6 (continued )0.5 (its )0.6 (recovery )0.6 (and )0.6 (positive )0.6 (trend )0.5 (especially )0.5 (in )0.5 (the )0.6 (first)4 ( )]TJ 0.015 Tc 0.091 Tw 0 -1.273 Td [(ha)0.5 (lf of)0.5 ( 2024)0.5 (. A se)0.5 (rie)0.5 (s of)0.5 ( p)0.5 (oli)0.5 (cies)0.5 ( of ex)0.5 (pan)0.5 (din)0.5 (g do)0.5 (mes)0.5 (tic d)0.5 (ema)0.5 (nd an)0.5 (d p)0.5 (romo)0.5 (tin)0.5 (g con)0.5 (sum)0.5 (pti)0.5 (on)15 ( )]TJ 0.019 Tc 0.092 Tw 0 -1.273 Td [(have continued to take effect. Therefore, consumption potential had been\ unleashed; service)19 ( )]TJ 0.003 Tc 0 -1.273 Td [(consumption had shown good growth momentum; and consumption demand had c\ ontinued its)3.1 ( )]TJ 0 Tc 0.029 Tw 0 -1.273 Td (recovery trend, which showed that these policies played a significant ro\ le as the main driving force )Tj 0.004 Tw 0 -1.273 Td (of economic growth. The business segment involved in the sales of other \ manufacturers\222 computer )Tj 0.006 Tc 0.092 Tw 0 -1.273 Td [(components and consumer electronic products benefited from the economic \ growth during the)6 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Year under review.)Tj 0.018 Tc 0.092 Tw 0 -2.545 Td [(As )0.5 (mentioned )0.5 (in )0.5 (the )0.6 (Company\222s )0.5 (interim )0.6 (report )0.6 (for )0.6 (the )0.5 (six )0.5 (months )0.6 (ended )0.6 (31 )0.5 (December )0.6 (2023,)18 ( )]TJ 0.016 Tc 0 -1.273 Td [(the )0.5 (Group established )0.5 (a )0.5 (joint )0.5 (venture \(the )0.5 (\223)]TJ /T1_1 1 Tf [(JV )0.5 (Company)]TJ /T1_0 1 Tf [(\224\) in Shenzhen, )0.5 (the )0.5 (PRC. )0.5 (The )0.5 (Group)16 ( )]TJ 0.004 Tc 0 -1.273 Td [(indirectly holds a 51% stake in the JV Company. The JV Company is princi\ pally engaged in the)4 ( )]TJ 0.003 Tc 0 -1.273 Td [(provision of computer software and hardware and system development servi\ ce in the PRC. The)3 ( )]TJ 0 Tc 0.021 Tw 0 -1.273 Td (JV Company was focusing on seeking various marketing opportunities and b\ uilding up relationship )Tj 0.014 Tw 0 -1.273 Td (with customers and suppliers and obtaining information in respect of the\ current customers\222 needs )Tj 0.003 Tc 0.091 Tw 0 -1.273 Td [(i)0.5 (n)0.5 ( t)0.5 (h)0.5 (e s)0.5 (e)0.5 (c)0.5 (o)0.5 (n)0.5 (d)0.5 ( h)0.5 (a)0.5 (l)0.5 (f)0.5 ( o)0.5 (f t)0.5 (h)0.5 (e)0.5 ( Ye)0.5 (a)0.5 (r)0.5 ( u)0.5 (n)0.5 (d)0.5 (e)0.5 (r)0.5 ( r)0.5 (e)0.5 (v)0.5 (i)0.5 (e)0.5 (w)0.5 (.)0.5 ( A)0.5 (s)0.5 ( t)0.5 (h)0.5 (e)0.5 ( o)0.5 (p)0.5 (e)0.5 (r)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)0.5 ( w)0.5 (a)0.5 (s)0.5 ( s)0.5 (t)0.5 (i)0.5 (l)0.5 (l)0.5 ( i)0.5 (n)0.5 ( t)0.6 (h)0.5 (e)0.5 ( i)0.5 (n)0.5 (i)0.5 (t)0.5 (i)0.5 (a)0.5 (l)0.5 ( s)0.5 (t)0.5 (a)0.5 (g)0.5 (e)0.5 (,)0.5 ( t)0.5 (h)0.5 (e)0.5 ( J)0.5 (V)3 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (Company has limited contribution to the Group during the Year under revi\ ew.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Group\222s Brand Products)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.073 Tw 0 -1.273 Td (There was no segment revenue generated from the Group\222s brand product\ s during the Year and )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(the last year. The segment loss in the Group\222s brand products was red\ uced to approximately)14 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (HK$112,000, compared to that of approximately HK$801,000 last year.)Tj ET endstream endobj 504 0 obj <> endobj 501 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 554.5059 772.0576 Tm (7)Tj 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (FINANCIAL REVIEW )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Continuing Operation )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (Profit/Loss for the Year)Tj /T1_0 1 Tf 0.037 Tc 0.091 Tw 0 -1.273 Td [(Profit attributable to the owners of the Company from continuing operati\ ons amounted to)37 ( )]TJ 0 Tc 0.063 Tw 0 -1.273 Td (approximately HK$45,641,000 for the Year as compared with a loss attribu\ table to the owners of )Tj 0.012 Tc 0.091 Tw 0 -1.273 Td [(the Company from continuing operations amounted to approximately HK$103,\ 123,000 for last)12 ( )]TJ 0 Tc 0.056 Tw 0 -1.273 Td (year. The turnaround reported by the Group mainly arose from the increas\ e in turnover and gross )Tj 0.002 Tc 0.092 Tw 0 -1.273 Td [(profit, )0.5 (the )0.5 (recognition )0.6 (of )0.6 (a )0.6 (gain )0.5 (on )0.5 (disposal )0.5 (of )0.5 (subsidiaries, )0.6 (a )0.6 (significant )0.6 (reduction )0.5 (in )0.5 (general )0.5 (and)2 ( )]TJ 0 Tc 0.018 Tw 0 -1.273 Td (administrative expenses and the absence of impairment loss recognised in\ respect of goodwill and )Tj 0 Tw 0 -1.273 Td (intangible assets for the Year.)Tj /T1_3 1 Tf 0 -2.545 Td (Liquidity and Financial Resources)Tj /T1_0 1 Tf 0.004 Tw 0 -1.273 Td (The Group adopts a prudent cash and financial management policy. In orde\ r to achieve better cost )Tj 0.037 Tw 0 -1.273 Td (control and minimise the costs of funds, the Group\222s treasury activit\ ies are centralised and cash is )Tj 0 Tw 0 -1.273 Td (generally deposited with licensed banks in Hong Kong and the PRC.)Tj 0.085 Tw 0 -2.545 Td (The Group has maintained its funds at a sound and healthy financial reso\ urce level. The Group\222s )Tj 0.038 Tc 0.091 Tw 0 -1.273 Td [(n)0.5 (et)0.5 ( c)0.5 (u)0.5 (r)0.5 (re)0.5 (n)0.5 (t)0.5 ( as)0.5 (s)0.5 (e)0.5 (t)0.5 (s a)0.5 (n)0.5 (d)0.5 ( e)0.5 (qu)0.5 (i)0.5 (t)0.5 (y at)0.5 (t)0.5 (ri)0.5 (b)0.5 (u)0.5 (ta)0.5 (b)0.5 (le)0.5 ( t)0.5 (o)0.5 ( o)0.5 (wn)0.5 (e)0.5 (r)0.5 (s of)0.5 ( t)0.5 (h)0.5 (e Co)0.5 (m)0.5 (p)0.5 (an)0.5 (y)0.5 ( a)0.5 (s of)0.5 ( 3)0.5 (0)0.5 ( J)0.5 (un)0.5 (e)0.5 ( 2)0.5 (02)0.5 (4)38 ( )]TJ 0.031 Tc 0.092 Tw 0 -1.273 Td [(were approximately HK$83,031,000 and approximately HK$83,656,000 respect\ ively \(2023:)31 ( )]TJ 0.012 Tc 0.091 Tw 0 -1.273 Td [(approximately HK$84,581,000 and approximately HK$36,277,000 respectively\ \). As of 30 June)12 ( )]TJ -0.003 Tc 0 Tw 0 -1.273 Td [(2024, net current assets included bank balances and cash of approximatel\ y HK$83,646,000 \(2023:)-3 ( )]TJ 0 Tc 0 -1.273 Td (approximately HK$98,109,000\).)Tj 0.03 Tc 0.092 Tw 0 -2.545 Td [(As )0.5 (of )0.5 (30 )0.5 (June )0.5 (2024, )0.5 (the )0.5 (Group had no )0.5 (outstanding )0.5 (bank )0.5 (borrowings )0.5 (\(2023: )0.5 (approximately)29.9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (HK$1,367,000\).)Tj 0.03 Tc 0.092 Tw 0 -2.545 Td [(The Group has maintained a healthy balance sheet with net cash and bank \ balances \(total)30 ( )]TJ 0.018 Tc 0 -1.273 Td [(cash and bank balances less total bank borrowings\) of approximately HK$\ 83,646,000 \(2023:)18 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (approximately HK$96,742,000\) as of 30 June 2024.)Tj 0.004 Tc 0.092 Tw 0 -2.545 Td [(The current ratio, being the ratio of current assets to current liabilit\ ies, was approximately 21.43)4 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (times as of 30 June 2024 \(2023: approximately 5.05 times\).)Tj 0.019 Tw 0 -2.545 Td (The Group continued to maintain a healthy financial and cash position. T\ he Company did not carry )Tj 0 Tw 0 -1.273 Td (out any fund raising activities by issuing new shares of the Company dur\ ing the Year.)Tj /T1_3 1 Tf 0 -2.545 Td (Pledge of Group\222s assets)Tj /T1_0 1 Tf 0 -1.273 Td (The Group did not have any charge on assets for the Year \(2023: Nil\).)Tj /T1_3 1 Tf 0 -2.545 Td (Share Capital and Capital Structure of the Company)Tj /T1_0 1 Tf 0.077 Tw 0 -1.273 Td (As at 30 June 2024, the Company had 1,326,701,739 ordinary shares of HK$\ 0.10 each in issue )Tj 0 Tw 0 -1.273 Td (\(2023: 1,326,701,739 Shares\).)Tj ET endstream endobj 502 0 obj <> endobj 498 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 35.7657 772.0576 Tm (6)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 76.5354 696.6968 Tm (FINANCIAL REVIEW )Tj /T1_2 1 Tf (\(Continued\))Tj /T1_1 1 Tf 0 -1.273 Td (Continuing Operation )Tj /T1_2 1 Tf (\(Continued\))Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_3 1 Tf 0 -1.273 Td (Gain/Loss on Disposal of Subsidiaries)Tj /T1_0 1 Tf 0.023 Tc 0.091 Tw 0 -1.273 Td [(Ga)0.5 (i)0.5 (n o)0.5 (n)0.5 ( di)0.5 (s)0.5 (po)0.5 (sa)0.5 (l of)0.5 ( s)0.5 (ub)0.5 (si)0.5 (d)0.5 (ia)0.5 (ri)0.5 (es)0.5 ( f)0.5 (r)0.5 (om)0.5 ( co)0.5 (n)0.5 (ti)0.5 (nu)0.5 (i)0.5 (ng)0.5 ( op)0.5 (er)0.5 (a)0.5 (ti)0.5 (on)0.5 (s)0.5 ( of)0.5 ( t)0.5 (he)0.5 ( G)0.5 (ro)0.5 (up)0.5 ( w)0.5 (as)0.5 ( a)0.5 (pp)0.5 (r)0.5 (ox)0.5 (im)0.5 (at)0.5 (e)0.5 (ly)23 ( )]TJ 0.017 Tc 0 -1.273 Td [(HK$57,411,000 for the Year as compared to loss on disposal of subsidiari\ es from continuing)17 ( )]TJ 0.001 Tc 0.092 Tw 0 -1.273 Td [(operations )0.5 (of )0.5 (approximately HK$1,183,000 )0.5 (for the )0.5 (last year. )0.5 (For )0.5 (further )0.5 (details )0.5 (of the )0.5 (disposal )0.5 (of)1 ( )]TJ 0 Tc 0.082 Tw 0 -1.273 Td [(subsidiaries )0.6 (during )0.5 (the )0.5 (Year, )0.5 (please )0.5 (refer )0.6 (to )0.5 (note )0.5 (32 )0.5 (to the consolidated )0.5 (financial statements )0.5 (and )]TJ 0 Tw 0 -1.273 Td (the announcements of the Company dated 21 December 2023 and 22 December \ 2023.)Tj /T1_3 1 Tf 0 -2.545 Td (Selling and Distribution Expenses)Tj /T1_0 1 Tf 0.048 Tw 0 -1.273 Td (Selling and distribution expenses comprise mainly staff costs, staff ben\ efits and housing provident )Tj 0.003 Tc 0.092 Tw 0 -1.273 Td [(fund to the sales and marketing personnel. Due to decrease in number of \ sales staff involved in)3 ( )]TJ 0.018 Tc 0.091 Tw 0 -1.273 Td [(t)0.5 (h)0.5 (e p)0.5 (r)0.5 (ov)0.5 (i)0.5 (s)0.5 (io)0.5 (n)0.5 ( o)0.5 (f)0.5 ( c)0.5 (o)0.5 (m)0.5 (pu)0.5 (t)0.5 (e)0.5 (r)0.5 ( s)0.5 (o)0.5 (f)0.5 (tw)0.5 (a)0.5 (r)0.5 (e)0.5 ( a)0.5 (n)0.5 (d)0.5 ( s)0.5 (y)0.5 (st)0.5 (e)0.5 (m)0.5 ( d)0.5 (e)0.5 (v)0.5 (el)0.5 (o)0.5 (p)0.5 (me)0.5 (n)0.5 (t)0.5 ( s)0.5 (e)0.5 (r)0.5 (v)0.5 (ic)0.5 (e)0.5 (,)0.5 ( t)0.5 (h)0.5 (e G)0.5 (ro)0.5 (u)0.5 (p)0.5 (\222)0.5 (s s)0.5 (el)0.5 (l)0.5 (i)0.5 (n)0.5 (g an)0.5 (d)18 ( )]TJ 0.01 Tc 0.092 Tw 0 -1.273 Td [(distribution )0.5 (expenses from continuing operations for the Year was decreased by approx\ imately)10 ( )]TJ 0.007 Tc 0 -1.273 Td [(61% to approximately HK$1,001,000 as compared to approximately HK$2,547,\ 000 for the last)7 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (year.)Tj /T1_3 1 Tf 0 -2.545 Td (General and Administrative Expenses)Tj /T1_0 1 Tf 0.054 Tc 0.092 Tw 0 -1.273 Td [(General and administrative expenses comprised mainly staff costs \(inclu\ ding Directors\222)54 ( )]TJ 0 Tc 0.075 Tw 0 -1.273 Td (remuneration\) in relation to the Group\222s administrative personnel, o\ ffice expenses, depreciation of )Tj 0.002 Tc 0.092 Tw 0 -1.273 Td [(right-of-use assets, amortisation of intangible assets, travelling and o\ ther expenses. General and)2 ( )]TJ -0.001 Tc 0 Tw 0 -1.273 Td [(administrative expenses from continuing operations decreased from approx\ imately HK$30,038,000)-1 ( )]TJ 0.032 Tc 0.091 Tw 0 -1.273 Td [(f)0.5 (or)0.5 ( t)0.5 (h)0.5 (e l)0.5 (a)0.5 (st)0.5 ( y)0.5 (ea)0.5 (r)0.5 ( t)0.5 (o a)0.5 (p)0.5 (pr)0.5 (o)0.5 (xi)0.5 (m)0.5 (at)0.5 (el)0.5 (y)0.5 ( H)0.5 (K$)0.5 (13)0.5 (,)0.5 (81)0.5 (9,)0.5 (00)0.5 (0)0.5 ( f)0.5 (or)0.5 ( t)0.5 (he)0.5 ( Y)0.5 (ea)0.5 (r)0.5 (, re)0.5 (p)0.5 (re)0.5 (s)0.5 (en)0.5 (t)0.5 (in)0.5 (g)0.5 ( a de)0.5 (cr)0.5 (e)0.5 (as)0.5 (e)0.5 ( of)32.1 ( )]TJ 0.005 Tc 0.092 Tw 0 -1.273 Td [(approximately 54%. The significant reduction in general and administrati\ ve expenses is primarily)5 ( )]TJ 0.001 Tc 0 -1.273 Td [(due to the )0.5 (absence of amortisation )0.5 (charges )0.5 (related to intangible )0.5 (assets in the Year, )0.5 (as )0.5 (well as a)1 ( )]TJ 0 Tc 0.067 Tw 0 -1.273 Td (decrease in the number of staff involved in the provision of computer so\ ftware and hardware and )Tj 0 Tw 0 -1.273 Td (system development services.)Tj /T1_3 1 Tf 0 -2.545 Td (Finance Costs)Tj /T1_0 1 Tf 0.015 Tc 0.092 Tw 0 -1.273 Td [(The Group\222s finance costs primarily represent interest expenses on ba\ nk borrowings. Finance)15 ( )]TJ 0.012 Tc 0 -1.273 Td [(costs from continuing operations decreased from approximately HK$204,000\ for the last year,)12 ( )]TJ 0.018 Tc 0.091 Tw 0 -1.273 Td [(to approximately HK$106,000 for the Year, representing a decrease of app\ roximately 48.0%,)18 ( )]TJ 0 Tc 0.014 Tw 0 -1.273 Td (primarily due to a reduction in the Group\222s bank borrowings, resultin\ g in a corresponding decrease )Tj 0 Tw 0 -1.273 Td (in loan interest expenses throughout the Year.)Tj /T1_3 1 Tf 0 -2.545 Td (Income Tax Expense/Credit)Tj /T1_0 1 Tf 0.025 Tc 0.092 Tw 0 -1.273 Td [(In comparison to the tax expense from continuing operations of approxima\ tely HK$601,000)25 ( )]TJ 0.044 Tc 0 -1.273 Td [(incurred for the Year, the tax credit from continuing operations in last\ year amounted to)44 ( )]TJ 0 Tc 0.029 Tw 0 -1.273 Td (approximately HK$10,298,000. The change from tax credit in last year to \ tax expense for the Year )Tj 0.075 Tw 0 -1.273 Td (is attributable to the absence of recognised deferred tax credit and the\ recognition of income tax )Tj 0 Tw 0 -1.273 Td (expense for the Year.)Tj ET endstream endobj 499 0 obj <> endobj 5 0 obj </LastModified/NumberOfPageItemsInPage 2/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 6 0 obj </LastModified/NumberOfPageItemsInPage 8/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 7 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 8 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 9 0 obj </LastModified/NumberOfPageItemsInPage 6/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<>/PageTransformationMatrixList<>/PageUIDList<>/PageWidthList<>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/TrimBox[0.0 0.0 595.276 807.874]/Type/Page>> endobj 526 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 554.5059 772.0576 Tm (5)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (FINANCIAL REVIEW)Tj 0 -1.273 Td (Continuing Operation)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_2 1 Tf 0 -1.273 Td (Revenue)Tj /T1_0 1 Tf 0.073 Tc 0.092 Tw 0 -1.273 Td [(The Group\222s revenue from its continuing operations for the Year was a\ pproximately)73 ( )]TJ 0.063 Tc 0.091 Tw 0 -1.273 Td [(HK$234,832,000, representing an increase of approximately 400% as compar\ ed with)63 ( )]TJ 0.008 Tc 0.092 Tw 0 -1.273 Td [(approximately HK$46,993,000 last year. The increase in revenue was mainl\ y attributable to the)8 ( )]TJ 0.017 Tc 0.091 Tw 0 -1.273 Td [(increase in the sales of other manufacturers\222 computer components and\ consumer electronic)17 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (products and the trading of raw plastic materials during the Year.)Tj 0.043 Tc 0.092 Tw 0 -2.545 Td [(The Group generated revenue of approximately HK$190,982,000 from the sal\ es of other)43 ( )]TJ 0.006 Tc 0.091 Tw 0 -1.273 Td [(m)0.5 (a)0.5 (n)0.6 (u)0.5 (f)0.5 (a)0.5 (c)0.5 (t)0.5 (u)0.6 (r)0.5 (e)0.5 (r)0.5 (s)0.5 (\222)0.5 ( c)0.5 (o)0.5 (m)0.6 (p)0.5 (u)0.5 (t)0.5 (e)0.5 (r)0.6 ( c)0.5 (o)0.5 (m)0.6 (p)0.5 (o)0.5 (n)0.5 (e)0.5 (n)0.6 (t)0.5 (s)0.5 ( a)0.5 (n)0.5 (d)0.5 ( c)0.5 (o)0.5 (n)0.5 (s)0.6 (u)0.5 (m)0.5 (e)0.5 (r)0.5 ( e)0.5 (l)0.5 (e)0.5 (c)0.6 (t)0.5 (r)0.5 (o)0.5 (n)0.5 (i)0.5 (c)0.6 ( p)0.5 (r)0.6 (o)0.5 (d)0.5 (u)0.5 (c)0.5 (t)0.5 (s)0.6 ( a)0.5 (n)0.6 (d)0.5 ( o)0.5 (t)0.5 (h)0.5 (e)0.5 (r)0.5 (s)0.6 ( d)0.6 (u)0.5 (r)0.5 (i)0.5 (n)0.5 (g)0.5 ( t)0.5 (h)0.6 (e)6 ( )]TJ 0.008 Tc 0 -1.273 Td [(Y)0.5 (e)0.5 (a)0.5 (r)0.5 ( \()0.5 (2)0.5 (0)0.5 (2)0.5 (3)0.5 (:)0.5 ( a)0.5 (p)0.5 (p)0.5 (r)0.5 (o)0.5 (x)0.5 (i)0.5 (m)0.5 (a)0.5 (t)0.5 (e)0.5 (ly)0.5 ( H)0.5 (K)0.5 ($)0.5 (1)0.5 (05)0.5 (,)0.5 (0)0.5 (0)0.5 (0)0.5 (\))0.5 ( a)0.5 (n)0.5 (d)0.5 ( a)0.5 (p)0.5 (p)0.5 (r)0.5 (ox)0.6 (im)0.5 (a)0.5 (t)0.5 (e)0.5 (l)0.5 (y)0.5 ( H)0.5 (K)0.5 ($)0.5 (4)0.5 (2)0.5 (,)0.5 (1)0.5 (6)0.5 (3)0.5 (,0)0.5 (0)0.5 (0)0.5 ( f)0.5 (r)0.5 (o)0.5 (m)0.5 ( t)0.5 (h)0.5 (e)0.5 ( t)0.5 (r)0.5 (a)0.5 (d)0.5 (i)0.5 (n)0.5 (g)0.5 ( o)0.5 (f)8 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (raw plastic materials during the Year \(2023: approximately HK$35,568,00\ 0\).)Tj /T1_2 1 Tf 0 -2.545 Td (Gross Profit/Loss and Gross Profit/Loss Margin)Tj /T1_0 1 Tf -0.001 Tc 0 -1.273 Td [(The)0.5 ( Gro)0.5 (up r)0.5 (ecor)0.5 (ded )0.5 (an i)0.5 (ncre)0.5 (ase )0.5 (in re)0.5 (venu)0.5 (e f)0.5 (rom i)0.5 (ts c)0.5 (ontin)0.5 (uin)0.5 (g op)0.5 (erat)0.5 (ions)0.5 (, res)0.5 (ult)0.5 (ing )0.5 (in a )0.5 (tur)0.5 (naro)0.5 (und)-1 ( )]TJ 0.01 Tc 0.091 Tw 0 -1.273 Td [(from gross loss from continuing operations of approximately HK$1,268,000\ for the last year to)9.9 ( )]TJ 0 Tc 0.055 Tw 0 -1.273 Td (gross profit from continuing operations of approximately HK$2,827,000 fo\ r the Year. The Group\222s )Tj 0.005 Tw 0 -1.273 Td (gross profit margin from continuing operations improved from a gross los\ s margin of approximately )Tj 0.09 Tw 0 -1.273 Td [(2.7% )0.5 (for the )0.5 (last )0.5 (year )0.5 (to a )0.5 (gross )0.5 (profit )0.5 (margin from )0.5 (continuing )0.5 (operations )0.5 (of approximately )0.5 (1.2% )]TJ 0 Tw 0 -1.273 Td (for the Year, which was mainly attributable to the increase in sales vol\ ume.)Tj /T1_2 1 Tf 0 -2.545 Td (Other Income)Tj /T1_0 1 Tf 0.02 Tc 0.092 Tw 0 -1.273 Td [(Other income from continuing operations mainly represents income inciden\ tal to the Group\222s)20 ( )]TJ 0.018 Tc 0 -1.273 Td [(business, )0.5 (principally )0.5 (including )0.5 (sundry )0.5 (income, )0.5 (bank )0.5 (interest )0.5 (income )0.5 (and )0.5 (government )0.5 (subsidy.)18 ( )]TJ 0.003 Tc 0 -1.273 Td [(Other income from continuing operations )0.5 (of approximately HK$34,000 )0.5 (for )0.5 (the Year represents a)3 ( )]TJ 0.005 Tc 0 -1.273 Td [(decrease of approximately 94% when compared with approximately HK$605,00\ 0 )0.5 (last )0.5 (year. The)5 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (decrease in other income is partly due to a reduction in government subs\ idies.)Tj /T1_2 1 Tf 0 -2.545 Td (Other Gains and Losses, net)Tj /T1_0 1 Tf 0.049 Tw 0 -1.273 Td (Other gains, net from continuing operations of the Group were approximat\ ely HK$274,000 for the )Tj 0.022 Tw 0 -1.273 Td (Year as compared to other losses, net from continuing operations of appr\ oximately HK$6,854,000 )Tj 0.014 Tc 0.091 Tw 0 -1.273 Td [(l)0.5 (as)0.5 (t)0.5 ( y)0.5 (ea)0.5 (r)0.5 (. T)0.5 (h)0.5 (e ch)0.5 (a)0.5 (ng)0.5 (e)0.5 ( wa)0.5 (s)0.5 ( m)0.5 (ai)0.5 (n)0.5 (ly)0.5 ( d)0.5 (u)0.5 (e to)0.5 ( t)0.5 (h)0.5 (e s)0.5 (t)0.5 (a)0.5 (bi)0.5 (li)0.5 (t)0.5 (y of)0.5 ( t)0.5 (h)0.5 (e Re)0.5 (n)0.5 (mi)0.5 (n)0.5 (bi)0.5 ( e)0.5 (x)0.5 (ch)0.5 (a)0.5 (ng)0.5 (e)0.5 ( r)0.5 (at)0.5 (e)0.5 (, w)0.5 (h)0.5 (ic)0.5 (h)0.5 ( i)0.5 (s)14 ( )]TJ 0 Tc 0.087 Tw 0 -1.273 Td (one of the major currencies for the Group\222s operating activities, res\ ulting in a decrease in foreign )Tj 0 Tw 0 -1.273 Td (exchange losses for the Year.)Tj /T1_2 1 Tf 0 -2.545 Td (Impairment Loss on Goodwill and Intangible Assets-Customer Relationship \ \(the )Tj 0 -1.273 Td (\223Intangible Assets\224\))Tj /T1_0 1 Tf 0.023 Tw 0 -1.273 Td (During the Year, the Group\222s financial performance was not as adverse\ ly affected by the Intangible )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(Assets )0.5 (as )0.5 (it )0.5 (was )0.5 (in )0.5 (the )0.5 (last )0.5 (year. )0.5 (Notably, )0.5 (the )0.5 (Group did )0.5 (not )0.5 (recognise )0.5 (any )0.5 (impairment )0.5 (losses)14 ( )]TJ 0.024 Tc 0.091 Tw 0 -1.273 Td [(for goodwill \(2023: approximately HK$18,289,000\) or intangible assets \ \(2023: approximately)24 ( )]TJ 0.015 Tc 0.092 Tw 0 -1.273 Td (HK$58,007,000\) for the Year related to its subsidiary \(the \223)Tj /T1_1 1 Tf (PRC Subsidiary)Tj /T1_0 1 Tf [(\224\) in the PRC. On)15 ( )]TJ 0.006 Tc 0.091 Tw 0 -1.273 Td (22 December 2023, completion of the disposal of Talent Crest Limited \(\223\ )Tj /T1_1 1 Tf (Talent Crest)Tj /T1_0 1 Tf [(\224\) and its)6.1 ( )]TJ 0.003 Tc 0 -1.273 Td [(s)0.5 (u)0.5 (b)0.5 (s)0.5 (i)0.5 (d)0.5 (i)0.5 (a)0.5 (r)0.5 (i)0.5 (e)0.5 (s)0.5 (,)0.5 ( i)0.5 (n)0.5 (c)0.5 (l)0.5 (u)0.5 (d)0.5 (i)0.5 (n)0.5 (g)0.5 ( t)0.5 (h)0.5 (e)0.5 ( P)0.5 (R)0.5 (C)0.5 ( S)0.5 (u)0.5 (b)0.5 (s)0.5 (i)0.5 (d)0.5 (i)0.5 (a)0.5 (r)0.5 (y)0.5 (,)0.5 ( t)0.5 (o)0.5 (o)0.5 (k)0.5 ( p)0.5 (l)0.5 (a)0.5 (c)0.5 (e)0.5 (.)0.5 ( F)0.6 (or)0.5 ( f)0.5 (u)0.5 (r)0.5 (t)0.5 (h)0.5 (e)0.5 (r)0.5 ( de)0.5 (t)0.6 (ai)0.5 (l)0.5 (s)0.5 ( o)0.5 (f)0.5 ( t)0.5 (h)0.5 (e)0.5 ( d)0.5 (i)0.5 (s)0.5 (po)0.5 (s)0.5 (a)0.5 (l)0.5 (,)0.5 ( p)0.5 (l)0.5 (e)0.5 (as)0.5 (e)3.1 ( )]TJ 0 Tc 0.085 Tw 0 -1.273 Td (refer to the announcements of the Company dated 21 December 2023 and 22 \ December 2023. )Tj 0.012 Tc 0.092 Tw 0 -1.273 Td [(The )0.5 (absence )0.5 (of )0.5 (impairment )0.5 (losses )0.5 (suggests )0.5 (that )0.5 (the )0.5 (underlying )0.5 (business )0.5 (fundamentals )0.5 (remain)12 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (stable, resulting in better asset management and overall financial healt\ h.)Tj ET endstream endobj 527 0 obj <> endobj 528 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 51.0236 733.8918 Tm (MANAGEMENT DISCUSSION AND ANALYSIS)Tj ET endstream endobj 529 0 obj <> endobj 530 0 obj <> endobj 531 0 obj <>stream H\j0 ~ CI֔ e{V='Edq &z"N-Z ^{-ަnۡ *#q3O w2JN)ΰzv*{cﯰ5d-'ȡ,aGE4oHwse_H1vt8bli`δJZd~Q-s 싅)w{=s%\1'Y4Z4{iK)h 蝽Hm[F;{|L3Hş`[RI endstream endobj 532 0 obj <>stream HRklUt܅;ԅe]6(B.Z۴t}HWGs9Gf7vhuu%%ٹ7~Λ}>4_*u ]mM(ƸHEoN(PdޱQUk]J4] Gְ֬ě/gTYӺ(#%Sdq]R(t%(whj6㗭 {wa FS6iD$ڨGmXUqM2- >Pջέ%6>Ķ!+9ñj-(W1+Ҏұ۵W۴ǪÉ[뇞>"&ܟB)+$鷡ʰ7𷐳94($90? +7oe}eccuO9`J' endstream endobj 523 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 35.7657 772.0576 Tm (4)Tj ET q 0 g 0 TL/Fm1 Do Q BT /CS1 cs 0 0 0 1 scn /GS1 gs 0.05 Tw 11 0 0 11 76.5354 696.6968 Tm (On behalf of the board \(the \223)Tj /T1_1 1 Tf 0 Tw (Board)Tj /T1_0 1 Tf 0.05 Tw (\224\) of directors \(the \223)Tj /T1_1 1 Tf 0 Tw (Director\(s\))Tj /T1_0 1 Tf 0.05 Tw (\224\) of PINE Technology Holdings )Tj 0.069 Tw 0 -1.273 Td [(Limited )0.5 (\(the \223)]TJ /T1_1 1 Tf 0 Tw (Company)Tj /T1_0 1 Tf 0.069 Tw [(\224\), )0.5 (I hereby present )0.5 (the annual report )0.5 (of the Company and its subsidiaries )]TJ 0 Tw 0 -1.273 Td (\(collectively referred to as the \223)Tj /T1_1 1 Tf (Group)Tj /T1_0 1 Tf (\224\) for the year ended 30 June 2024 \(the \223)Tj /T1_1 1 Tf (Year)Tj /T1_0 1 Tf (\224\). For the Year, )Tj 0.008 Tw 0 -1.273 Td (the Group\222s revenue from continuing operations was approximately HK$2\ 34.8 million, representing )Tj 0.015 Tw 0 -1.273 Td (an increase of approximately 400.0% compared to that of approximately HK\ $47.0 million last year. )Tj 0.028 Tw 0 -1.273 Td (The Group recorded gross profit for the Year of approximately HK$2.8 mil\ lion, as compared to the )Tj 0.059 Tw 0 -1.273 Td (gross loss of approximately HK$1.3 million last year. The Group recorded\ a profit from continuing )Tj 0.009 Tw 0 -1.273 Td (operations of approximately HK$45.0 million for the Year, while the loss\ from continuing operations )Tj 0 Tw 0 -1.273 Td (for the last year amounted to approximately HK$107.5 million.)Tj 0.083 Tw 0 -2.545 Td [(During )0.5 (the )0.5 (Year, )0.5 (the )0.5 (global )0.5 (economy )0.5 (was )0.5 (characterised )0.5 (by )0.5 (intensified )0.5 (divergence )0.5 (in )0.5 (development )]TJ 0.009 Tc 0.091 Tw 0 -1.273 Td [(and insufficient investment momentum. The overall economy continued to p\ rogress at a low to)9 ( )]TJ 0 Tc 0.023 Tw 0 -1.273 Td (medium speed with weak growth momentum. Additionally, geopolitics became\ a constant variable )Tj 0.085 Tw 0 -1.273 Td (against the backdrop of escalating trade tensions and increasing policy \ uncertainty, exacerbating )Tj 0.055 Tw 0 -1.273 Td (global trade and investment uncertainty. From a global perspective, the \ economic performance of )Tj -0.002 Tc 0 Tw 0 -1.273 Td (the People\222s Republic of China \(the \223)Tj /T1_1 1 Tf 0.002 Tw (PRC)Tj /T1_0 1 Tf 0 Tw [(\224\) was still outstanding with stable and improved progress)-2 ( )]TJ 0 Tc 0 -1.273 Td (and a positive recovery trend. The PRC is still a stabilising force for \ the world\222s economic growth.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Outlook)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.022 Tc 0.092 Tw 0 -1.273 Td [(Looking forward to the near future, global economic growth will continue\ to be disrupted by)22 ( )]TJ 0.011 Tc 0 -1.273 Td [(escalating geopolitical conflicts and sluggish international trade. The \ persistent and heightened)11 ( )]TJ 0.008 Tc 0 -1.273 Td [(worldwide inflation has pivoted, but the instability of the political an\ d economic situation arising)8 ( )]TJ 0 Tc 0.044 Tw 0 -1.273 Td (from conflicts in Russia-Ukraine and the Middle East region, as well as \ the risk of global recession )Tj 0.066 Tw 0 -1.273 Td (due to high interest rates are not averted yet. These factors may impede\ customer resumption of )Tj 0.055 Tw 0 -1.273 Td (new projects and consumer demands. In the World Economic Outlook issued \ by the International )Tj 0.014 Tc 0.092 Tw 0 -1.273 Td [(Monetary Fund in July 2024, global economic growth in 2024 is projected \ to remain at 3.2%.)14 ( )]TJ 0 Tc 0.046 Tw 0 -1.273 Td (The world\222s economic recovery will be slow but steady. In the next ye\ ar, the PRC government will )Tj 0.048 Tw 0 -1.273 Td (adhere to its overarching approach of making progress while maintaining \ stability, step up macro-)Tj 0.012 Tc 0.092 Tw 0 -1.273 Td [(economic adjustment and control, and thoroughly exploit the potential of\ domestic demand. It)12 ( )]TJ 0.005 Tc 0 -1.273 Td [(is )0.6 (expected )0.5 (that )0.5 (the )0.6 (PRC\222s )0.5 (economy )0.6 (will )0.5 (continue )0.6 (to )0.5 (enjoy )0.6 (steady )0.6 (and )0.5 (favourable )0.6 (development.)5 ( )]TJ 0.013 Tc 0 -1.273 Td [(The Group will pay continuous attention to the situation, adhere to gove\ rnment measures and)13 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (recommendations, continue to mitigate foreseeable risks with all busines\ s segments, and endeavor )Tj 0 -1.273 Td (to operate with minimal impact on any function serving the business and \ the customers.)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Appreciation)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0.002 Tc 0.091 Tw 0 -1.273 Td [(On behalf of the Board, I would like to extend my sincere gratitude to t\ he Group\222s management)2 ( )]TJ 0 Tc 0.019 Tw 0 -1.273 Td (team and employees for their efforts and dedication in the Year, and to \ our shareholders, investors )Tj 0.009 Tc 0.091 Tw 0 -1.273 Td [(and business)0.5 ( part)0.5 (ners f)0.5 (or th)0.5 (eir)0.5 ( s)0.5 (upport and t)0.5 (rust. W)0.5 (e will join hands with all of you to create a)9 ( )]TJ 0 Tc 0 Tw 0 -1.273 Td (better future of prosperity and development!)Tj /T1_1 1 Tf 0 -6.364 Td (Zhang Sanhuo)Tj /T1_2 1 Tf 0 -1.273 Td (CHAIRMAN)Tj /T1_0 1 Tf 0 -2.545 Td (Hong Kong, 26 September 2024)Tj ET endstream endobj 524 0 obj <> endobj 525 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Subtype/Form>>stream BT /CS0 cs 0.3 1 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 0 Tc 0 Tw 0 Ts 100 Tz 0 Tr 14 0 0 14 76.5354 733.8918 Tm (CHAIRMAN\222S STATEMENT)Tj ET endstream endobj 533 0 obj <> endobj 534 0 obj <> endobj 535 0 obj <>stream H\j0y9e݂h5}'ɲo|׶ir":t0*--f€,@*p7WsDžUJpxˀG߬DkwmAu Gjқ~FAvj%O BiF,W U gZ5C-!A6⻷|qP`U@||\D.<_"_>stream HQLUN&}0!4@F@Szc%ףq!l]2#&AL-x %s)Kk]_1h4{߻~<o>X#GEEjo;چz%Pnpl,d]Kn|JvI"w-|ə4R薥] ~xMYYkci.)..&wG1Ca#,1"8e1"2J!`ScEĠ_ލ-+JL,.?mLbHP7Bomiˠ3cG7g9hd)KԬHPO?(%栝ч"oH^[8gg<{<sJ#j\I3RֳH7R9O)Dc:10DILlG4As>{Υ!g;Imk$#CFr$[s&tJi3SЏ@x05*cO _h짾o;zqۏG?jF3r,H_N7x6i9/.?sTi$C۩9WFa@+^a}6z V' ݴcs2ѹʿ!(8@^9g/EP:|kVPu垂ƒ9l*}W |$r A* w#׎tm;Ƶ%g2&o&ׅ1 endstream endobj 520 0 obj <>stream q /Perceptual ri /GS0 gs 0 TL/Fm0 Do Q BT /CS0 cs 0.6 scn /Perceptual ri /GS0 gs /T1_0 1 Tf 9 0 0 9 554.5059 772.0576 Tm (3)Tj ET q 0 g 0 TL/Fm1 Do Q BT 1 scn /T1_1 1 Tf 11 0 0 11 51.0236 696.6968 Tm (Board of Directors )Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_2 1 Tf 0 -1.273 Td (Executive Directors)Tj /T1_0 1 Tf 0 -1.273 Td (Mr. Zhang Sanhuo)Tj /Span<>> BDC 0 -1.273 Td ( )Tj EMC /T1_2 1 Tf 1 0 Td (\(Chairman and Chief Executive Officer\))Tj /T1_0 1 Tf -1 -1.273 Td (Ms. An Juan )Tj /Span<>> BDC 0 -1.273 Td ( )Tj EMC 1 0 Td (\(Appointed on 27 June 2024\))Tj /T1_2 1 Tf -1 -2.545 Td (Independent Non-executive Directors)Tj /T1_0 1 Tf 0 -1.273 Td (Mr. So Stephen Hon Cheung)Tj 0 -1.273 Td (Mr. Zhou Chunsheng)Tj 0 -1.273 Td (Mr. Tian Hong)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Company Secretary)Tj /CS1 cs 0 0 0 1 scn /GS1 gs /T1_0 1 Tf 0 -1.273 Td (Mr. Chan Cheuk Ho)Tj /CS0 cs 1 scn /GS0 gs /T1_1 1 Tf 0 -2.545 Td (Authorised 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vector. Abstract geometry frame and Art deco pattern background. Use for wedding invitation, cover, VIP card, print, poster and wallpaper. 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