Financial Performance - The company recorded revenue of approximately HKD 41,485,000 for the year, a decrease of about 15.7% compared to HKD 49,228,000 in the previous year[12] - Gross profit for the year was approximately HKD 22,398,000, with a gross margin of 54.0%, an increase from 45.8% in the previous year[12] - The loss attributable to equity holders for the year was approximately HKD 37,634,000, compared to a loss of HKD 20,876,000 in the previous year, primarily due to fair value losses on investment properties increasing from HKD 5,536,000 to HKD 20,617,000[12] - The group's revenue for 2024 is approximately HKD 41,485,000, a decrease of 15.7% from HKD 49,228,000 in 2023, mainly due to reduced sales of computer hardware and software[48] - The total cost of sales and services for 2024 is approximately HKD 19,087,000, a decrease of 28.4% from HKD 26,660,000 in 2023, attributed to reduced transactions in computer hardware and software[49] - The group's gross profit for 2024 is approximately HKD 22,398,000, a slight decrease of about HKD 170,000 from HKD 22,568,000 in 2023[50] - Other income and gains for the fiscal year ending December 31, 2024, is approximately HKD 1,031,000, down from HKD 3,472,000 in 2023, primarily due to a decrease in other interest income[51] - Selling and distribution expenses for 2024 are approximately HKD 1,580,000, a significant decrease from HKD 8,990,000 in 2023, as there were no related expenses this year[52] - Administrative expenses for 2024 are approximately HKD 34,076,000, a decrease of 12.6% from HKD 38,979,000 in 2023, due to reduced advertising and legal costs[53] - The fair value loss of the investment portfolio as of December 31, 2024, is approximately HKD 202,000, compared to a gain of HKD 29,000 in 2023[54] - The loss attributable to owners of the company in 2024 was approximately HKD 37,634,000, an increase from HKD 20,876,000 in 2023, primarily due to the increase in fair value loss of investment properties[57] - As of December 31, 2024, the group's cash and bank balances decreased to approximately HKD 5,371,000 from HKD 11,595,000 as of December 31, 2023[58] - Total borrowings as of December 31, 2024, were approximately HKD 60,740,000, down from HKD 65,033,000 in 2023, with a debt-to-equity ratio of 0.25[58] Strategic Initiatives - The company strategically focused on technological advancements in cloud computing, Web 3.0, and artificial intelligence to meet evolving customer demands[13] - The company acquired Popsible Limited, which provides IT and public relations services aligned with customer strategic goals, broadening revenue sources[13] - The company emphasized the importance of innovative solutions amid rapid digital transformation across industries[13] - The company has established a joint venture to promote sustainable changes in the ESG sector in Dubai[14] - The company has formed strategic partnerships with Masary Capital to establish business relationships in the UAE and the broader GCC region[14] - The company plans to leverage technological advancements and the growing demand for digital transformation across industries, focusing on AI, cybersecurity, and machine learning for future growth[46] Audit and Compliance - The independent auditor expressed a qualified opinion due to insufficient audit evidence regarding the service agreements[18] - The company has implemented remedial measures to address internal control deficiencies identified during the audit process[23] - The management has made efforts to provide all available information for the audit, but was unable to supply all requested documents[22] - The company anticipates that the audit opinion will be removed from the financial statements for the fiscal year ending December 31, 2025, as the basis for the opinion will be addressed in the consolidated financial statements for that year[27] - The company will continue to comply with applicable GEM listing rules and ensure proper handling of audit opinions in future financial statements[27] Share Capital and Stock Options - The company plans to issue 12,353,000 subscription shares at HKD 6.31 each, which represents approximately 16.86% of the existing issued share capital[36] - The expected total proceeds from the subscription are approximately HKD 77,950,000, with net proceeds estimated at HKD 77,750,000 after expenses[38] - 70% of the net proceeds from the subscription will be allocated for general operating funds in the UAE, while 30% will be used for general operating funds in Hong Kong[38] - The company has granted a total of 23,900,000 stock options under the 2012 Stock Option Plan as of May 13, 2021, and an additional 16,360,000 stock options on June 16, 2022[110] - A total of 267,562 stock options have expired during the year, leaving 3,835,213 stock options available for issuance, which represents 5.23% of the total shares issued as of the report date[113] - The 2012 Stock Option Plan allows for a maximum of 34,314,132 stock options to be granted, equivalent to 10% of the total shares issued as of November 5, 2021[113] - The exercise period for the stock options granted on May 13, 2021, and June 16, 2022, is set for 10 years, expiring on May 12, 2031, and June 15, 2032, respectively[115] - The company has established a 2023 stock option plan to reward selected qualified individuals for their contributions to the group's growth and development[108] - The total number of stock options that have lapsed or been canceled is 267,562[121] Corporate Governance - The company has a commitment to high standards of business ethics and corporate governance, with policies communicated to all employees[156] - The company encourages stakeholder engagement through various channels to balance the interests of customers, suppliers, and employees[145] - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[158] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[162] - The board has implemented a diversity policy, considering factors such as gender, age, and professional experience to enhance board diversity[185] - The company is committed to maintaining gender diversity in its workforce and will continue to recruit more female talent[192] - The board is currently seeking new independent non-executive directors based on candidates' experience and GEM listing rules[173] Employee and Management Information - The total employee benefit expenses for the year ended December 31, 2024, were approximately HKD 24,216,000, compared to HKD 21,744,000 in 2023[67] - The group employed 70 staff as of December 31, 2024, an increase from 61 in 2023[67] - The remuneration for a senior management member (excluding directors) ranges from HKD 0 to HKD 550,000 for the year[181] - No director has waived any remuneration for the year ending December 31, 2024[109] - The remuneration committee will review and recommend compensation for newly appointed directors and senior management[183]

Financial Performance - The company recorded revenue of approximately HKD 41,485,000 for the year, a decrease of about 15.7% compared to HKD 49,228,000 in the previous year[13] - Gross profit for the year was approximately HKD 22,398,000, with a gross margin of about 54.0%, an increase from 45.8% in the previous year[13] - The loss attributable to equity holders for the year was approximately HKD 37,634,000, compared to a loss of HKD 20,876,000 in the previous year, primarily due to fair value losses on investment properties increasing from HKD 5,536,000 to HKD 20,617,000[13] - The group’s revenue for 2024 is approximately HKD 41,485,000, a decrease of 15.7% from HKD 49,228,000 in 2023, mainly due to reduced sales of computer hardware and software[49] - The group’s cost of sales and services for 2024 is approximately HKD 19,087,000, a decrease of 28.4% from HKD 26,660,000 in 2023, attributed to decreased transactions in computer hardware and software[50] - The group’s gross profit for 2024 is approximately HKD 22,398,000, a slight decrease of about HKD 170,000 from HKD 22,568,000 in 2023[51] - Other income and gains for the fiscal year ending December 31, 2024, is approximately HKD 1,031,000, down from HKD 3,472,000 in 2023, primarily due to a decrease in other interest income[52] - The group’s administrative expenses for 2024 are approximately HKD 34,076,000, a decrease of 12.6% from HKD 38,979,000 in 2023, due to reduced advertising and legal costs[54] - The loss attributable to owners of the company in 2024 was approximately HKD 37,634,000, an increase from approximately HKD 20,876,000 in 2023, primarily due to the increase in fair value losses on investment properties[58] - As of December 31, 2024, the group's cash and bank balances decreased to approximately HKD 5,371,000 from about HKD 11,595,000 as of December 31, 2023[59] - The total borrowings of the group as of December 31, 2024, were approximately HKD 60,740,000, down from HKD 65,033,000 in 2023, with a debt-to-equity ratio of 0.25[59] Strategic Initiatives - The company strategically focused on technological advancements in cloud computing, Web 3.0, and AI to meet evolving customer needs[14] - The company acquired Popsible Limited, which provides IT and public relations services aligned with customer strategic goals, broadening revenue sources[14] - The company aims to leverage resources more efficiently across its subsidiaries following the acquisition[14] - The company has established a joint venture to promote sustainable changes in the ESG sector in Dubai[15] - A strategic partnership was formed with Masary Capital in September 2024 to promote AI predictive solutions in the Gulf Cooperation Council region[34] - The group plans to leverage technological advancements and the growing demand for digital transformation across industries, focusing on AI, cybersecurity, and machine learning for future growth[47] - The group aims to diversify revenue sources and reduce risks associated with domestic market fluctuations by expanding into potential international markets like the UAE through localized AI solutions and blockchain partnerships[48] Audit and Compliance - The independent auditor expressed a qualified opinion due to insufficient audit evidence regarding the service agreements[19] - The company has implemented remedial measures to address internal control deficiencies identified during the audit process[24] - The management has made efforts to provide all available information for the audit, but was unable to supply all requested documents[23] - The audit committee has agreed with management's position regarding the audit qualification, which will be fully removed from the financial statements for the year ending December 31, 2025[28] - The Audit Committee confirmed that the financial statements for the year accurately reflect the company's performance and comply with applicable standards[200] Market Conditions - The global AI market grew by over USD 184 billion in 2024, a significant increase of nearly USD 50 billion from 2023, indicating strong demand for innovative solutions[14] - The geopolitical tensions and economic challenges in 2024 are expected to impact the global market, prompting the company to adopt a cautious approach[15] - The company is focusing on risk management and exploring potential acquisitions to enhance its artificial intelligence and IT business amidst geopolitical and macroeconomic challenges[29] Share Capital and Stock Options - The company plans to issue 12,353,000 subscription shares at HKD 6.31 each, representing approximately 16.86% of the existing issued share capital[37] - The expected total proceeds from the subscription are approximately HKD 77,950,000, with net proceeds of about HKD 77,750,000 allocated for operational funding in the UAE and Hong Kong[39] - The company has granted a total of 23,900,000 stock options on May 13, 2021, and an additional 16,360,000 stock options on June 16, 2022, under the 2012 Stock Option Plan[111] - The 2012 Stock Option Plan allows for a maximum of 34,314,132 stock options to be granted, equivalent to 10% of the total shares issued as of November 5, 2021[114] - The company has granted a total of 4,102,775 stock options, with 3,835,213 options remaining unexercised as of the report date[122] - A total of 1,568,000 stock options have been granted under the 2023 stock option plan, which allows for a maximum of 6,176,523 options to be issued[125] - The exercise price for stock options granted in 2021 was HKD 2.19, while options granted in 2022 had an exercise price of HKD 1.40[121] Corporate Governance - The company is committed to maintaining high standards of business ethics and corporate governance[157] - The company has complied with the corporate governance code as per GEM listing rules, except for the separation of roles between the chairman and CEO[155] - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[159] - The board has established a written remuneration committee in compliance with GEM listing rules[178] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[163] - The company has arranged appropriate liability insurance for directors to cover liabilities arising from company activities[176] Employee and Diversity Initiatives - The total employee benefits expenses for the year ended December 31, 2024, were approximately HKD 24,216,000, compared to HKD 21,744,000 in 2023[68] - The group employed 70 staff as of December 31, 2024, an increase from 61 in 2023[68] - The company successfully attracted female talent in the traditionally male-dominated IT industry, achieving a gender diversity ratio of 54% female to 46% male among employees[192] - The company is committed to maintaining gender diversity in hiring practices and aims to recruit more female talent[193] - The board diversity analysis as of December 31, 2024, indicates a balanced representation across different age groups and genders[189] Events and Future Outlook - The company is considering a potential dual listing on the Abu Dhabi Securities Exchange (ADX) or the Dubai Financial Market (DFM) to leverage opportunities in the UAE market[15] - The company has not had any directors waive their remuneration for the year ending December 31, 2024[110] - There were no significant violations or non-compliance with applicable laws and regulations during the year[144] - The company has not made any charitable donations during the year ending December 31, 2024[147] - There are no significant post-reporting period events disclosed in the annual report[153]

Financial Performance - For the six months ended June 30, 2024, the revenue was approximately HKD 20,068,000, a decrease of 50.3% compared to HKD 40,365,000 in the same period last year[7]. - The loss attributable to owners of the company for the six months ended June 30, 2024, was approximately HKD 7,686,000, an increase from HKD 3,785,000 in the previous year, primarily due to the sale of a subsidiary generating HKD 8,756,000 in 2023[7]. - The loss per share from continuing operations for the six months ended June 30, 2024, was approximately HKD 0.1244, compared to HKD 0.0672 in the previous year[7]. - The company recorded revenue of approximately HKD 20,068,000 for the six months ended June 30, 2024, a decrease of 50.3% compared to HKD 40,365,000 in the same period last year[20]. - The gross profit for the first half of 2024 was approximately HKD 10,642,000, a decrease of 15.8% from HKD 12,640,000 in the same period last year[20]. - The company reported a loss attributable to equity holders of approximately HKD 7,686,000 for the six months ended June 30, 2024, compared to a loss of HKD 3,785,000 in the previous year[22]. - The company reported a pre-tax loss of HKD 1,347 thousand for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 3,883 thousand in the same period last year[63]. - The company generated HKD 14,202 thousand in revenue from Hong Kong, down from HKD 37,102 thousand in the previous year[57]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[7]. - The board does not recommend any interim dividend for the six months ending June 30, 2024, consistent with the previous year[158]. Risk Management and Strategy - The company has been focusing on prudent risk management to solidify and expand its artificial intelligence and other IT businesses amid geopolitical changes and macroeconomic volatility[9]. - The company is seeking potential acquisitions to achieve synergies without significantly impacting cash flow and resources[9]. - The audit committee and board have reviewed internal controls and implemented remedial measures to address previous audit reservations[8]. - The board is responsible for maintaining effective internal controls and risk management systems to protect shareholder investments[157]. Acquisitions and Joint Ventures - In January 2024, the company entered into a joint venture agreement to establish a joint venture aimed at promoting sustainable changes in the ESG sector, focusing on tokenization of carbon credits in the UAE[10]. - The joint venture has not commenced operations as of the report date[10]. - Gold Unity Limited acquired 100% equity of Popsible Limited for HKD 11,500,000, issuing 11,500,000 shares at HKD 1.00 each as payment[11]. - The company decided to terminate the proposed acquisition of Autostereoscopic 3D Limited due to unsatisfactory due diligence results, effective July 11, 2024[17]. - The proposed acquisition of Autostereoscopic 3D Limited was valued at HKD 100,000,000, to be settled through HKD 75,985,677.28 in promissory notes and the issuance of 11,117,742 shares[147]. - The acquisition was unilaterally terminated on July 11, 2024, with no further interests held by Marvion Group or Dr. Li in the 3,335,323 shares[147]. Employee and Administrative Expenses - The company employed a total of 58 full-time employees as of June 30, 2024, with total employee benefit expenses of approximately HKD 10,391,000 for the six months ended June 30, 2024, compared to HKD 8,509,000 in the previous year[19]. - The company’s administrative expenses for the first half of 2024 were approximately HKD 17,392,000, a decrease of 7.2% from HKD 18,748,000 in the previous year[20]. Assets and Liabilities - The total borrowings of the company as of June 30, 2024, were approximately HKD 64,034,000, slightly down from HKD 65,033,000 as of December 31, 2023[22]. - Non-current assets decreased from HKD 274,932 thousand to HKD 265,044 thousand, a decline of approximately 3.4%[31]. - Current assets decreased from HKD 74,952 thousand to HKD 69,440 thousand, a decline of approximately 7.4%[31]. - Total liabilities decreased from HKD 66,563 thousand to HKD 61,676 thousand, a decline of approximately 7.4%[31]. - The company’s total assets decreased from HKD 283,321 thousand to HKD 272,808 thousand, a decline of approximately 3.6%[32]. - The company’s cash and bank balances were approximately HKD 11,436,000 as of June 30, 2024, compared to HKD 11,595,000 as of December 31, 2023[21]. - The cash and cash equivalents at the end of the period were HKD 11,436 thousand, down from HKD 17,536 thousand[46]. - Trade receivables slightly decreased from HKD 15,584 thousand to HKD 15,483 thousand, a decline of approximately 0.7%[31]. - Trade payables as of June 30, 2024, were HKD 1,946,000, a decrease from HKD 3,455,000 as of December 31, 2023, indicating a reduction of approximately 43.7%[76]. - The company’s bank loans secured against investment properties amounted to HKD 39,216,000 as of June 30, 2024, down from HKD 43,460,000 as of December 31, 2023, indicating a decrease of approximately 9.5%[77]. Compliance and Governance - The company has complied with the GEM Listing Rules corporate governance code, except for the combined roles of the Chairman and CEO[150]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and compliance[155]. - The audit committee reviewed the unaudited interim financial statements for the six months ending June 30, 2024, confirming compliance with applicable standards[153]. - There were no significant events after the reporting period that require disclosure[159]. Stock Options and Shareholder Interests - The company has a total of 73,265,237 ordinary shares issued, with significant shareholdings by directors including Huang Jingzhao holding approximately 0.87% and Li Shiyong holding approximately 0.27%[109]. - The company has the authority to issue up to 6,176,523 shares under the 2023 share option plan, representing 10% of the issued shares as of the report date[135]. - The maximum number of share options that can be granted to each participant under the 2023 share option plan is capped at 1% of the issued shares as of the grant date[137]. - The share options granted do not have any performance targets associated with them[143]. - The company aims to attract and retain top talent through the 2012 Stock Option Plan, rewarding contributions to the group's growth[113]. - The company has no significant contracts with directors that would require compensation upon termination within one year, excluding statutory compensation[106]. - No rights were granted to directors or their immediate family members to acquire shares or debt securities of the company during the six months ending June 30, 2024[111]. - The company has not participated in any arrangements that would allow directors to acquire rights in any other corporate entities[111].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：08178） 二零二四年中期業績公告 中國信息科技發展有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司 截至二零二四年六月三十日止六個月的未經審核業績。本公告列載本公司二零二四年中 期報告全文，乃符合香港聯合交易所有限公司GEM證券上市規則中有關中期業績初步公 告附載的資料之要求。本公司將於適當時候送交二零二四年中期報告的印刷版本予本公 司股東。 承董事會命 中國信息科技發展有限公司 主席兼行政總裁 黃景兆 香港，二零二四年八月二十二日 於本公告日期，董事會成員包括執行董事黃景兆先生（主席兼行政總裁）及朱喬華先生； 非執行董事李世榮議員，JP, MH及梁嘉銘女士，MH；以及獨立非執行董事黃海權先生、 陳聖蓉博士及朱煥釗先生。 本公告（本公司各董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司GEM證 券上市規則之規定以提供有關本公司之 ...

Financial Performance - The company recorded revenue of approximately HKD 49,228,000 for the year, a decrease of about 17.0% compared to HKD 59,324,000 in the previous year[9]. - Gross profit for the year was approximately HKD 22,568,000, with a gross margin of about 45.8%, an increase from 29.3% in the previous year[9]. - Loss attributable to equity holders for the year was approximately HKD 20,876,000, a significant reduction from a loss of HKD 82,548,000 in the previous year[9]. - The decrease in loss was primarily due to a reduction in fair value losses on investment properties from HKD 49,393,000 to HKD 5,536,000[9]. - The company sold a subsidiary for a revenue of approximately HKD 7,156,000 during the year[9]. - Financial costs decreased from approximately HKD 11,545,000 in the previous year to HKD 5,589,000 in the current year[9]. - The company's revenue for 2023 was approximately HKD 49,228,000, a decrease of 17.0% compared to HKD 59,324,000 in 2022, primarily due to a focus on the metro company's projects[75]. - The total sales and service costs for 2023 were approximately HKD 26,660,000, a reduction of 36.4% from HKD 41,923,000 in 2022, attributed to a decrease in computer hardware and software transactions[76]. - The gross profit for 2023 was approximately HKD 22,568,000, an increase of about HKD 5,167,000 from HKD 17,401,000 in 2022, driven by economic recovery and a focus on IT services[77]. - Other income and gains for the fiscal year ending December 31, 2023, were approximately HKD 914,000, down from HKD 1,555,000 in 2022, mainly due to government subsidies recognized in the previous year[78]. - The administrative expenses for 2023 were approximately HKD 38,979,000, an increase of 38.6% from HKD 28,124,000 in 2022, due to the resumption of business meetings and travel, as well as increased advertising and legal costs[80]. - The company reported a loss attributable to owners of approximately HKD 20,876,000 in 2023, a significant decrease from HKD 82,548,000 in 2022, mainly due to reduced fair value losses on investment properties[85]. - As of December 31, 2023, the company's cash and bank balances decreased to approximately HKD 11,595,000 from HKD 13,877,000 in 2022[86]. - The total borrowings as of December 31, 2023, were approximately HKD 65,033,000, down from HKD 136,960,000 in 2022, resulting in a debt ratio of 0.25 compared to 0.50 in the previous year[86]. Strategic Initiatives - The company plans to strengthen its existing artificial intelligence business and explore higher growth potential projects in AI and cloud technology[13]. - The company has sold two properties and a subsidiary engaged in lending business to reallocate resources towards more promising projects[13]. - The company anticipates that regions like the UAE will become focal points in the international technology sector, particularly in AI[11]. - The company has established a joint venture, Petaverse, focusing on e-commerce and marketing of pet-related products in both the real world and the metaverse[14]. - The company plans to pursue selective acquisitions and strategic alliances to strengthen its leadership position in the Hong Kong IT solutions industry amid uncertain macroeconomic conditions[15]. - The company aims to leverage advanced AI technology in traditional products and services, diversifying risks and reducing investment costs[14]. - The company has engaged in successful AI technology development, evidenced by a collaboration with a metro company[15]. - The company is exploring the tokenization of corporate bonds, enhancing market efficiency and convenience[14]. - The company has entered into a share exchange agreement with Bonanza Goldfields Corp., exchanging 26,520,387 shares at HKD 0.135 per share for 218,574,618 shares of Bonanza at USD 0.0021 per share, totaling approximately HKD 3,580,252 (USD 459,007)[28]. - The share exchange agreement with Bonanza is seen as a strategic alliance to share expertise in artificial intelligence and blockchain, with anticipated growth in demand for Bonanza's services[30]. - The company completed the share exchange on April 17, 2023, issuing 2,652,038 shares, representing approximately 4.29% of the company's issued share capital post-exchange[31]. - The company has agreed to sell its entire equity interest in Rosy Ridge Investments Limited for HKD 28,000,000, which is classified as a major transaction under GEM listing rules[32]. - The proposed sale was approved by shareholders at a special meeting held on April 28, 2023[33]. - The company has signed a non-binding memorandum of understanding with Autostereoscopic 3D Limited to enhance 3D technology using proprietary AI and big data[35]. - The company has entered into a placement agreement to issue up to 7,642,000 shares at HKD 1.93 per share, representing approximately 12.93% of the company's issued share capital post-placement[37]. - The net proceeds from the placement amount to approximately HKD 14,340,000, with HKD 7,600,000 allocated for IT infrastructure development, HKD 3,400,000 for repaying a shareholder loan, and the remainder for general working capital[38]. - The company issued zero-coupon bonds totaling HKD 100,000,000, utilizing Distributed Ledger Technology, with a net proceeds of approximately HKD 31,500,000 intended for Web3.0 and blockchain business development[44][46]. - The company has entered into an agreement to acquire 100% of Autostereoscopic 3D Limited for a total consideration of HKD 100,000,000, which will be settled through a combination of promissory notes and the issuance of shares[48]. - A joint venture named Petaverse was established to manage an e-commerce platform focused on pet-related products, with the company holding a 30% stake[52][54]. - The company completed the sale of its subsidiary engaged in lending activities for HKD 24,500,000, aimed at streamlining operations and focusing on core business[56]. - The company has decided to terminate its lending business in 2023 to focus on existing operations and pursue selective acquisitions and strategic alliances[73]. - The company aims to strengthen its position in the Hong Kong IT solutions industry by fostering a strong corporate culture and enhancing cohesion among employees[73]. Governance and Compliance - The company has implemented remedial measures to address internal control deficiencies identified during the audit process[23]. - The company is committed to making timely business and investment decisions based on market conditions to create greater value for shareholders[15]. - The company has faced audit reservations due to insufficient audit evidence regarding service agreements with suppliers[18]. - The company is addressing audit reservations that will continue to appear in the consolidated financial statements for the year ending December 31, 2024, and will remove comparative figures from the year ending December 31, 2023[26]. - The company has identified major risks including foreign exchange rate risk, liquidity risk, and price risk, with no current foreign currency hedging policy in place[96][97][98]. - The company has a governance report detailing its adherence to the GEM listing rules and corporate governance code[200]. - The audit committee reviewed the audited consolidated financial statements before submission to the board[120]. - The company has complied with all relevant laws and regulations impacting its business and operations during the fiscal year, with no significant violations reported[189]. - The company will propose the reappointment of its auditor at the upcoming annual general meeting[196]. Employee and Shareholder Information - The company employs 61 staff members as of December 31, 2023, an increase from 59 in the previous year[99]. - Total employee benefit expenses for the year amounted to approximately HKD 21,744,000, with HKD 931,000 related to equity-settled share-based payments[99]. - The company has granted a total of 23,900,000 stock options in May 2021 and an additional 16,360,000 stock options in June 2022 under the 2012 Stock Option Plan[147]. - As of December 31, 2023, there are 3,982,775 stock options available for issuance, representing 6.45% of the total shares issued[151]. - The 2012 Stock Option Plan allows for a maximum of 10% of the total issued shares to be granted as stock options, with a cap of 1% for any individual participant within a 12-month period[152]. - The company has not paid any compensation to directors or the top five highest-paid individuals as a reward for joining or leaving the group[145]. - The company has purchased appropriate directors and officers liability insurance to protect its directors and personnel[138]. - The company reviews employee performance annually to assess and adjust compensation based on specific responsibilities and performance[145]. - The company has granted stock options to 18 employees in the first batch, with some options becoming invalid due to resignations[161]. - The exercise period for stock options is set at ten years from the grant date, with no vesting period or performance targets specified[161]. - The company has a total of 785,374 stock options allocated to directors, with no options exercised or canceled during the reporting period[160]. - The company has a total of 2,717,335 unexercised stock options from various batches, with specific allocations to employees and consultants[160]. - The company has adjusted the number and exercise price of unexercised stock options following a rights issue and share consolidation completed in 2022[161]. - The company has a total of 61,765,237 shares issued, with significant ownership stakes held by directors, including Huang Jingzhao with 0.98% and Zhang Qishen with 0.99%[143]. - The company recorded major shareholders holding 5% or more of the issued share capital, with Zhang Rong holding 24.33%[180]. - The company has not entered into any equity-linked agreements during the year ending December 31, 2023[125]. - The company’s organizational documents do not require offering existing shareholders preemptive rights for new shares[126]. - The company has no distributable reserves as of December 31, 2023[129]. - The top five customers accounted for 35.2% of total sales, with the largest customer contributing 21.5%[130]. - The top five suppliers represented 53.9% of total purchases, with the largest supplier accounting for 22.6%[130]. Market Outlook and Trends - The global economic outlook for 2024 is expected to be a slow recovery post-pandemic, with high uncertainty due to high interest rates and geopolitical tensions[71]. - The company continues to focus on digital transformation in the Hong Kong enterprise market, receiving recognition as a "Nutanix Certified Sales Expert" and achieving "Master Partner" status[58]. - The company aims to enhance customer confidence in virtual work environment solutions through its Tsim Sha Tsui experience center[60]. - The company is committed to maintaining high environmental and social standards to ensure sustainable business practices[186]. - The company has encouraged stakeholder participation in environmental and social activities, benefiting the entire community[186]. - The company has established a joint venture with Kilimanjaro Energy Group and Marvion Inc. to promote sustainable changes in the ESG sector, focusing on tokenization of carbon credits[104]. Miscellaneous - The company has not repurchased, purchased, or redeemed any of its listed securities during the year[103]. - The company has no significant investment or capital asset plans as of the report date[91]. - The company has no significant post-reporting date events other than those disclosed[106]. - No final dividend is recommended for the year ending December 31, 2023[121]. - There were no waivers of director remuneration during the year ended December 31, 2023[146]. - The company has not entered into any management or administrative contracts concerning its major business operations during the year[140]. - The company has not made any charitable donations during the fiscal year ending December 31, 2023[192].

Financial Performance - The company recorded revenue of approximately HKD 49,228,000 for the year, a decrease of about 17.0% compared to HKD 59,324,000 in the previous year[11]. - Gross profit for the year was approximately HKD 22,568,000, with a gross margin of about 45.8%, an increase from 29.3% in the previous year[11]. - Loss attributable to equity holders for the year was approximately HKD 20,876,000, a significant reduction from a loss of HKD 82,548,000 in the previous year[11]. - The fair value loss on investment properties decreased from approximately HKD 49,393,000 in the previous year to HKD 5,536,000 this year[11]. - The company recorded revenue of approximately HKD 29,994,000 for the year, an increase of 29.3% compared to HKD 23,204,000 in 2022, primarily due to an increase in project numbers[57]. - The company reported a decrease in revenue from DataCube, contributing approximately HKD 5,499,000, down 57.3% from HKD 12,878,000 in 2022, as it focused on collaboration with a metro company[57]. - The group's revenue for 2023 was approximately HKD 49,228,000, a decrease of 17.0% compared to HKD 59,324,000 in 2022, primarily due to a focus on the MTR project[68]. - The cost of sales and services for 2023 was approximately HKD 26,660,000, a reduction of 36.4% from HKD 41,923,000 in 2022, attributed to a shift towards IT services[69]. - Gross profit for 2023 was approximately HKD 22,568,000, an increase of about HKD 5,167,000 compared to HKD 17,401,000 in 2022, driven by economic recovery and a focus on IT services[70]. - Administrative expenses rose by 38.6% to approximately HKD 38,979,000 in 2023 from HKD 28,124,000 in 2022, due to increased business meetings, travel, and advertising costs[73]. - The loss attributable to the company's owners for 2023 was approximately HKD 20,876,000, a decrease from HKD 82,548,000 in 2022, primarily due to a reduction in fair value losses on investment properties from HKD 49,393,000 in 2022 to HKD 5,536,000 in 2023[78]. Strategic Initiatives - The company plans to strengthen its existing artificial intelligence business and explore higher growth potential projects in AI and cloud technology[15]. - The company has established a joint venture, Petaverse, focusing on e-commerce and marketing pet-related products in both the real world and the metaverse[16]. - The company has engaged in strategic partnerships to explore the tokenization of corporate bonds, enhancing efficiency and convenience in financial markets[16]. - The company plans to pursue selective acquisitions and strategic alliances to strengthen its leadership in Hong Kong's IT solutions industry amid uncertain macroeconomic conditions[17]. - The company anticipates growing demand for Bonanza's services, particularly in AI and blockchain applications, indicating significant potential for BONZ shares[22]. - The company has entered a non-binding memorandum of understanding with Autostereoscopic 3D Limited on March 10, 2023, to enhance 3D stereoscopic technology using proprietary AI and big data[28]. - The company aims to provide advanced and quality information technology services, aligning its corporate culture with its vision and values[194]. Capital Management - The company completed a share exchange agreement with Bonanza Goldfields Corp., exchanging 26,520,387 shares valued at approximately HKD 3,580,252 (about USD 459,007)[21]. - Following the share exchange, the company issued 2,652,038 shares, representing about 4.29% of its expanded share capital[24]. - The company completed a placement agreement on April 4, 2023, issuing 7,642,000 shares at a price of HKD 1.93 per share, representing approximately 12.93% of the issued share capital post-placement[30]. - The net proceeds from the placement amounted to approximately HKD 14,340,000, allocated as follows: HKD 7,600,000 for IT infrastructure development, HKD 3,400,000 for repaying a shareholder loan, and the remainder for general working capital[31]. - The company completed the bond issuance on July 12, 2023, with a total principal amount of HKD 100,000,000 and an actual yield to maturity of 3.73%, with net proceeds of approximately HKD 31,500,000 earmarked for Web3.0 and blockchain business development[39]. - A significant acquisition was proposed on September 19, 2023, involving the purchase of all issued shares of Autostereoscopic 3D Limited for HKD 100,000,000, to be settled through a combination of promissory notes and the issuance of shares at HKD 2.16 each[41]. Governance and Compliance - The company has complied with all relevant laws and regulations affecting its business operations during the reporting period[182]. - The company has maintained at least 25% of its issued share capital held by the public as of the report date[187]. - The company's governance report indicates adherence to GEM listing rules, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[193]. - The board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[198]. - Three out of six directors are independent non-executive directors, meeting the GEM listing rules requirement for board composition[200]. - The company emphasizes high standards of business ethics and corporate governance, with policies communicated to all employees[195]. - The board is responsible for monitoring corporate strategy, performance, and significant financial matters, ensuring effective risk management[198]. - Independent non-executive directors are tasked with ensuring high standards of internal control and financial reporting[198]. - The nomination and remuneration committees evaluate the independence and qualifications of directors annually[200]. Employee and Shareholder Engagement - The company has a stock option plan in place, with a total of 23,900,000 options granted in May 2021 and an additional 16,360,000 options granted in June 2022[140]. - The company has adopted a new share option scheme on May 15, 2023, in addition to the old scheme adopted on August 2, 2012[118]. - The company aims to incentivize participants through the share option plan, aligning their contributions with the long-term growth interests of the group[158]. - The company is committed to employee development, workplace safety, diversity, and sustainable growth, aiming for long-term stability[196]. - The company has not issued any share options to service providers during the year, and the service provider limit remains unused[159]. - The company has not made any charitable donations during the fiscal year ending December 31, 2023[185]. - As of December 31, 2023, major shareholders holding 5% or more of the company's issued share capital include Mr. Zhang with 24.33% and Dr. Li with 4.29%[173].

Financial Performance - For the nine months ended September 30, 2023, the group's revenue was approximately HKD 51,156,000, a decrease of 5.04% compared to HKD 53,869,000 for the same period last year[12]. - The loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately HKD 14,718,000, compared to a loss of HKD 25,054,000 for the same period last year[12]. - The loss per share attributable to owners of the company for the nine months ended September 30, 2023, was HKD 0.2532, compared to HKD 0.5545 for the same period last year[12]. - The company recorded revenue of approximately HKD 51,156,000 for the nine months ended September 30, 2023, a decrease of 5.04% compared to HKD 53,869,000 in the same period last year[63]. - The company's gross profit for the nine months ended September 30, 2023, was approximately HKD 15,967,000, down from HKD 18,073,000 in the previous year[63]. - The company reported a net loss attributable to owners of approximately HKD 14,718,000 for the nine months ended September 30, 2023, an improvement from a loss of HKD 25,054,000 in the same period last year[64]. - The total comprehensive loss attributable to the owners of the company for the nine months ended September 30, 2023, was HKD 24,999,000, down from HKD 51,086,000 in the same period of 2022, a reduction of 51.0%[70]. - The company reported a total comprehensive loss of HKD 189,218,000 for the nine months ended September 30, 2023[88]. Research and Development - Research and development expenses for the smart retail cloud platform and IoT cloud platform network security amounted to approximately HKD 8,256,000 for the nine months ended September 30, 2023, down from HKD 14,924,000 for the same period last year[12]. - The company is focusing on the development of AI products, with expectations of contributing to revenue at an appropriate time[53]. - The company is investing resources in developing AI technologies for its smart logistics and CRM systems to enhance data analysis capabilities[51]. - The AI Booster solution includes a simplified AI solution for SMEs, providing an end-to-end ecosystem for model development and monitoring[51]. Corporate Actions and Strategies - The board of directors does not recommend the payment of an interim dividend for the nine months ended September 30, 2023[12]. - The company is strategically allocating resources and taking appropriate corporate actions in response to market conditions[11]. - The company completed a rights issue on April 11, 2022, issuing a total of 171,570,664 shares, raising approximately HKD 24,710,000 net of estimated expenses[17]. - The company entered into a share exchange agreement with Bonanza Goldfields Corp., exchanging 26,520,387 shares for 218,574,618 shares of Bonanza, valued at approximately HKD 3,580,252[20]. - The share exchange agreement aims to establish a strategic alliance with Bonanza, enhancing collaboration in AI, blockchain, and DOT technologies[21]. - The company approved the sale of Rosy Ridge Investments Limited for HKD 28,000,000, which will result in the company no longer holding any interest in the target company[24]. - A placement agreement was signed on March 14, 2023, to issue up to 7,642,000 shares at HKD 1.93 per share, representing approximately 12.93% of the company's issued share capital post-placement[29]. - The net proceeds from the placement are estimated to be around HKD 14,340,000, with allocations for IT infrastructure development, repayment of shareholder loans, and general working capital[30]. - The company has extended the maturity dates of loans totaling approximately HKD 58,012,000 to October 15, 2023, and September 2, 2023, respectively[33]. - The company has proposed a new share option scheme to incentivize eligible participants, following the expiration of the previous scheme[34]. Market and Customer Engagement - The company is actively collaborating with industry talents in areas such as Web3.0, blockchain, and naked-eye 3D technology to expand its customer network[11]. - The company is collaborating with a public transport company to promote data modeling and big data analysis using its AI Book, AI Manager, and BI Canvas technologies[50]. - The company aims to enhance customer confidence in virtual work environment solutions through its Tsim Sha Tsui experience center[48]. Financial Position and Equity - The total equity attributable to the owners of the company was HKD 354,262,000 as of September 30, 2023[88]. - The company had a cumulative loss of HKD 164,164,000 as of September 30, 2023[88]. - The company reported no tax provision for Hong Kong profits tax for the nine months ended September 30, 2023, due to accumulated tax losses carried forward from the previous year[83]. Stock Options and Shareholder Information - The company issued a total of 23,900,000 share options under the 2012 Share Option Scheme[94]. - The company has adopted a new stock option plan effective from May 15, 2023, allowing for the issuance of up to 6,176,523 stock options and 617,652 stock options for service providers[111]. - The total number of stock options granted to employees is 4,220,241, with 117,466 options having expired, leaving 4,102,775 options unexercised[106]. - The maximum number of stock options that can be granted to each participant under the 2023 plan is capped at 1% of the issued shares as of the grant date[115]. - As of September 30, 2023, major shareholders holding 5% or more of the issued share capital include Mr. Zhang with 22.89% and Dr. Li with 4.29%[124]. Compliance and Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[133]. - The company has established a risk management framework overseen by the board, audit committee, and senior management to ensure effective internal controls and compliance with laws and regulations[137]. - The company has complied with the GEM listing rules regarding the appointment of independent non-executive directors, with at least one possessing appropriate professional qualifications in accounting or finance[130]. - The company has adopted a code of conduct for securities transactions by directors, which complies with GEM listing rules[131].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：08178） 二零二三年第三季度業績公告 中國信息科技發展有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司 截至二零二三年九月三十日止九個月之未經審核業績。本公告列載本公司二零二三年第 三季度報告全文，乃符合香港聯合交易所有限公司GEM證券上市規則中有關季度業績初 步公告附載的資料之相關要求。本公司將於適當時候發送本公司二零二三年第三季度報 告的印刷版本予本公司股東。 承董事會命 中國信息科技發展有限公司 主席兼行政總裁 黃景兆 香港，二零二三年十一月九日 於本公告日期，董事會成員包括執行董事黃景兆先生（主席兼行政總裁）及張棋深先生； ...

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：08178） 有關二零二二年年報 之補充公告 茲提述中國信息科技發展有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至二零 二二年十二月三十一日止年度之年報（「二零二二年年報」）。 本公告旨在提供二零二二年年報之補充資料，內容有關本公司若干重要投資、本公司於 二零一二年八月二日採納之購股權計劃及本公司應收貸款。 重要投資 於二零一九年八月二十八日，本集團收購於中國註冊成立的廣州市德煌投資有限公司（「德 煌」）的19%股權及本金額為人民幣51,199,000元的應收貸款，代價為人民幣66,341,000元， 以向賣方發行承兌票據的方式結清。德煌主要業務為提供商業服務，其主要資產為德煌 所擁有位於廣州市南沙區市南公路南側的一幅土地及五座（二零二一年：四座）數據中心 主樓及配套工廠辦公樓（包括地面土地）。 於二零二二年十二月三十一日，其按公平值約32,1 ...

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately HKD 40,365,000, an increase of 16.2% compared to HKD 34,735,000 for the same period last year[9]. - The loss attributable to owners of the company for the same period was approximately HKD 3,785,000, a significant reduction from HKD 21,028,000 in the previous year, primarily due to the sale of a subsidiary generating HKD 8,756,000 and a decrease in R&D expenses from approximately HKD 14,324,000 to HKD 5,256,000[9]. - The loss per share from continuing operations was approximately HKD 0.0672, compared to HKD 0.5007 (restated) for the same period last year[9]. - The company's gross profit for the first half of 2023 was approximately HKD 12,640,000, a decrease of 3.7% compared to HKD 13,131,000 in the prior year[60]. - The company reported a loss attributable to equity holders of approximately HKD 3,785,000 for the first half of 2023, compared to a loss of HKD 21,028,000 in the same period last year[64]. - The company recorded a pre-tax loss of HKD 17,148,000 for the six months ended June 30, 2023, compared to a loss of HKD 21,028,000 in the same period of 2022[95]. - The company reported a loss of HKD 1,576,000 for the three months ended June 30, 2023, compared to a loss of HKD 18,597,000 for the same period in 2022, representing a decrease of approximately 91.5%[71]. - For the six months ended June 30, 2023, the loss was HKD 4,654,000, down from HKD 22,460,000 in the previous year, indicating a reduction of about 79.3%[71]. Dividend and Shareholder Actions - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[9]. - The company completed a rights issue on April 11, 2022, issuing a total of 171,570,664 shares, with net proceeds estimated at approximately HKD 24,710,000[14]. - The company completed a placement agreement on April 4, 2023, successfully placing 7,642,000 shares at a price of HKD 1.93 per share, representing approximately 12.93% of the company's issued share capital post-placement[26]. - The company has proposed a new share option scheme on April 21, 2023, to incentivize eligible participants for their contributions[31]. - The company issued 7,642,000 shares at a price of HKD 1.93 per share during a placement completed on April 4, 2023[113]. Research and Development - The company incurred research and development expenses of HKD 5,256,000 for the six months ended June 30, 2023, down from HKD 14,324,000 in the same period of 2022[92]. - The company plans to continue investing in its R&D team to promote its AI products and services, requiring funding and experienced experts[55]. - The company is currently in the optimization phase of its AI products and is conducting product concept validation, with remaining net proceeds expected to be fully utilized by Q3 2023[15]. Strategic Focus and Collaborations - The company continues to focus on developing innovative advanced technologies, particularly in AI and cloud technology, while prudently managing and allocating resources[8]. - The company is actively collaborating with industry talents to expand its customer network and enhance existing IT solution services[8]. - The company is leveraging synergies from collaborations and its own AI developments to improve service offerings[8]. - The company entered into a non-binding memorandum of understanding with Autostereoscopic 3D Limited to explore collaboration using proprietary AI technology and big data[23]. - The company is collaborating with various interested parties and has integrated its AI Booster into the Hong Kong government's innovation lab to provide effective predictive analytics solutions[47]. Financial Position and Assets - As of June 30, 2023, the company's cash and bank balances were approximately HKD 17,536,000, an increase from HKD 13,877,000 as of December 31, 2022[65]. - The total borrowings of the company as of June 30, 2023, were approximately HKD 60,673,000, down from HKD 136,960,000 as of December 31, 2022[65]. - The company's total assets decreased from HKD 332,650,000 as of December 31, 2022, to HKD 278,219,000 as of June 30, 2023, a decline of about 16.4%[73]. - Current assets increased from HKD 136,134,000 at the end of 2022 to HKD 175,783,000 by June 30, 2023, an increase of approximately 29.1%[73]. - The company reported a total of HKD 110,629,000 in prepayments and other receivables as of June 30, 2023, significantly higher than HKD 22,816,000 at the end of December 2022[102]. Market Outlook and Future Plans - The company anticipates a gradual recovery in the global market as COVID-19 restrictions ease and business activities resume[53]. - The company is preparing for future challenges while seizing sustainable growth opportunities[8]. - The company plans to explore potential collaborations and projects, particularly in artificial intelligence and related IT services, to create long-term benefits[57]. Corporate Governance and Compliance - The company has complied with the GEM Listing Rules regarding corporate governance, except for the deviation where the Chairman also serves as the CEO[178]. - The audit committee consists of three members, all of whom are independent non-executive directors[180]. - The board is responsible for ensuring a robust internal control and risk management system to protect shareholder investments and the group's assets[184]. - The board includes both executive and non-executive directors, ensuring a diverse governance structure[188]. Investment Properties and Fair Value - The company’s investment properties were valued at HKD 245,243,000 as of June 30, 2023, down from HKD 256,671,000 at the beginning of the year[99]. - The company’s investment properties experienced a foreign exchange adjustment loss of HKD 11,428,000 during the first half of 2023[120]. - The fair value of non-listed equity investments was HKD 10,852,000 as of June 30, 2023, compared to HKD 43,025,000 at the end of 2022[120]. Stock Options and Employee Incentives - The company aims to attract and retain top talent through the share option scheme, rewarding contributions to the group's growth[146]. - The number of unexercised stock options as of June 30, 2023, is 4,102,775, with a weighted average exercise price of HKD 1.88[131]. - The 2023 Share Option Scheme allows the company to grant a total of 6,176,523 share options, equivalent to 10% of the issued shares as of the report date[163].