ECITECH：InterimReport2025.pdf

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1、2025Interim Report2025中 期 報 告(於開曼群島註冊成立的有限公司)股份代號:8013ECI Technology Holdings Limited(incorporated in the Cayman Islands with limited liability)Stock code:8013ECI Technology Holdings LimitedInterim Report 2025 中期報告ECI Technology Holdings LimitedCHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KO

2、NG LIMITED(THE“STOCK EXCHANGE”)GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange.Prospective investors should be aware of the potential risks of investing in su

3、ch companies and should make the decision to invest only after due and careful consideration.Given that the companies listed on GEM are generally small and mid-sized companies,there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on th

4、e Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report,make no representation as to its accuracy or complete

5、ness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.This report,for which the directors(the“Directors”and each a“Director”)of ECI Technology Holdings Limited(the“Company”)collectively and in

6、dividually accept full responsibility,includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange(the“GEM Listing Rules”)for the purpose of giving information with regard to the Company.The Directors,having made all reasonable enquiries,co

7、nfirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive,and there are no other matters the omission of which would make any statement herein or this report misleading.This report w

8、ill be available on the Companys website http:/ and will remain on the“Latest Listed Company Information”page on the website of the Stock Exchange at http:/www.hkexnews.hk for at least 7 days from the date of its posting.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 20251CONTENTSCorporate Informati

9、on 2Financial Highlights 4Report on Review of Condensed Consolidated Financial Statements 5Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 7Condensed Consolidated Statement of Financial Position 9Condensed Consolidated Statement of Changes in Equity 11Condensed Cons

10、olidated Statement of Cash Flows 12Notes to the Condensed Consolidated Financial Statements 13Management Discussion and Analysis 44Other Information 5012EXECUTIVE DIRECTORSDr.Ng Tai Wing(Chairman and Chief Executive Officer)Mr.Law Wing ChongMs.Wong Tsz ManINDEPENDENT NON-EXECUTIVE DIRECTORSMr.Hui Ch

11、un Ho EricMr.Sung Wai Tak HermanDr.Chow Kin SanDr.Luk Che Chung,JPCOMPANY SECRETARYMr.Lau Chi YuenCOMPLIANCE OFFICERDr.Ng Tai WingAUTHORISED REPRESENTATIVESDr.Ng Tai WingMr.Law Wing ChongAUDIT COMMITTEEMr.Hui Chun Ho Eric (Committee Chairman)Mr.Sung Wai Tak HermanDr.Chow Kin SanDr.Luk Che Chung,JPRE

12、MUNERATION COMMITTEEMr.Sung Wai Tak Herman (Committee Chairman)Mr.Hui Chun Ho EricDr.Chow Kin SanDr.Luk Che Chung,JPNOMINATION COMMITTEEDr.Ng Tai Wing (Committee Chairman)Mr.Hui Chun Ho EricMr.Sung Wai Tak HermanDr.Chow Kin SanDr.Luk Che Chung,JPAUDITORCL Partners CPA LimitedCertified Public Account

13、antsRegistered Public Interest Entity AuditorUnit 3203A-05,32/FTower 2,Lippo Centre89 Queensway,AdmiraltyHong KongCORPORATE INFORMATIONECI TECHNOLOGY HOLDINGS LIMITED Interim Report 20253LEGAL ADVISERAs to Hong Kong lawRaymond Siu&LawyersUnits 1302-3&1802Ruttonjee House11 Duddell StreetCentralHong K

14、ongPRINCIPAL BANKERDBS Bank(Hong Kong)Limited11th Floor,The Center99 Queens Road CentralCentralHong KongHEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN HONG KONGFactory D on 3/F of Block II ofCamelpaint BuildingsBlock I and Block IINo.62 Hoi Yuen Road,KowloonHong KongREGISTERED OFFICEOcorian Trust(C

15、ayman)LimitedWindward 3,Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman IslandsPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEOcorian Trust(Cayman)LimitedWindward 3,Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman IslandsHONG KONG BRANCH SHARE REGISTRARTricor Investor Services Limit

16、ed17/F,Far East Finance Centre16 Harcourt RoadHong KongGEM STOCK CODE8013COMPANYS WEBSITE4FINANCIAL HIGHLIGHTSRevenue of ECI Technology Holdings Limited(the“Company”)and its subsidiaries(collectively,the“Group”)for the six months ended 28 February 2025(the“Period”)amounted to approximately HK$99,441

17、,000(2024:approximately HK$105,913,000)while gross profit of the Group for the Period amounted to approximately HK$28,268,000(2024:approximately HK$27,434,000).The profit for the Period of the Group amounted to approximately HK$4,542,000(2024:approximately HK$6,788,000).The board(the“Board”)of direc

18、tors(the“Directors”)does not recommend the payment of an interim dividend for the Period.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 20255REPORT ON REVIEW OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTSTO THE BOARD OF DIRECTORS OF ECI TECHNOLOGY HOLDINGS LIMITED(incorporated in the Cayman Islands

19、with limited liability)INTRODUCTIONWe have reviewed the condensed consolidated financial statements of ECI Technology Holdings Limited(the“Company”)and its subsidiaries(collectively referred to as the“Group”)set out on pages 7 to 43,which comprise the condensed consolidated statement of financial po

20、sition as at 28 February 2025 and the related condensed consolidated statement of profit or loss and other comprehensive income,condensed consolidated statement of changes in equity and condensed consolidated statement of cash flows for the six-month period then ended,and notes to the condensed cons

21、olidated financial statements,including material accounting policy information.The Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited(the“Stock Exchange”)require the preparation of a report on interim financial information to be in compliance with the relevan

22、t provisions thereof and Hong Kong Accounting Standard 34“Interim Financial Reporting”(“HKAS 34”)issued by the Hong Kong Institute of Certified Public Accountants(the“HKICPA”).The directors of the Company are responsible for the preparation and presentation of these condensed consolidated financial

23、statements in accordance with HKAS 34.Our responsibility is to express a conclusion on these condensed consolidated financial statements based on our review,and to report our conclusion solely to you,as a body,in accordance with our agreed terms of engagement,and for no other purpose.We do not assum

24、e responsibility towards or accept liability to any other person for the contents of this report.6SCOPE OF REVIEWWe conducted our review in accordance with Hong Kong Standard on Review Engagements 2410“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”issued

25、by the HKICPA.A review of these condensed consolidated financial statements consists of making inquiries,primarily of persons responsible for financial and accounting matters,and applying analytical and other review procedures.A review is substantially less in scope than an audit conducted in accord

26、ance with Hong Kong Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.Accordingly,we do not express an audit opinion.CONCLUSIONBased on our review,nothing has come to our attention

27、that causes us to believe that the condensed consolidated financial statements are not prepared,in all material respects,in accordance with HKAS 34.OTHER MATTERThe comparative condensed consolidated statements of profit or loss and other comprehensive income,condensed consolidated statement of chang

28、es in equity and condensed consolidated statement of cash flows for the six-month period ended 29 February 2024 and the relevant explanatory notes included in these condensed consolidated financial statements were extracted from the interim financial information of the Group for the six-month period

29、 ended 29 February 2024 reviewed by another auditor who expressed an unmodified conclusion on that interim financial information on 25 April 2024.CL Partners CPA LimitedCertified Public AccountantsHong TingPractising Certificate Number:P07069Hong Kong29 April 2025ECI TECHNOLOGY HOLDINGS LIMITED Inte

30、rim Report 20257CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE SIX MONTHS ENDED 28 FEBRUARY 2025Six months ended28 February 202529 February 2024NotesHK$000HK$000(Unaudited)(Unaudited)Revenue499,441105,913Cost of sales(71,173)(78,479)Gross profit28,26827,434O

31、ther income and gain6779964Administrative expenses(24,142)(20,780)Reversal of impairment loss(impairment loss)on trade receivables and contract assets,net446(53)Fair value gain(loss)on financial asset at fair value through profit or loss(“FVTPL”)9(29)Finance costs7(145)(125)Profit before taxation5,2

32、157,411Income tax expenses8(673)(623)Profit for the period94,5426,788 8CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 2025Six months ended28 February 202529 February 2024NoteHK$000HK$000(Unaudited)(Unaudited)Other comp

33、rehensive incomeItems that will not to be reclassified subsequently to profit or loss:Change in fair value of a financial asset at fair value through other comprehensive income(“FVTOCI”)498415Actuarial gain on long service payment obligation105 Other comprehensive income for the period603415 Total c

34、omprehensive income for the period attributable to owners of the Company5,1457,203 Earnings per share attributable to owners of the Company10Basic(HK cents)0.2840.424DilutedN/AN/A ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 20259CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAT 28 FEBRUARY

35、 202528 February 202531 August 2024NotesHK$000HK$000(Unaudited)(Audited)Non-current assetsProperty,plant and equipment129,65610,520Right-of-use assets133,5593,819Deposits for acquisition of non-current assets516Financial asset at FVTOCI14896398Interest in an associate 14,62714,737 Current assetsTrad

36、e receivables1542,25329,462Contract assets1620,04219,101Deposits,prepayments and other receivables173,0492,138Financial asset at FVTPL18120111Pledged bank deposits198,0008,000Bank balances and cash1920,24631,932 93,71090,744 Current liabilitiesTrade payables204,1124,892Accruals and other payables202

37、,0443,231Tax payable805845Bank borrowings214,2644,256Lease liabilities132,3082,096Contract liabilities161,6431,535 15,17616,855 Net current assets78,53473,889 Total assets less current liabilities93,16188,626 10CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION(CONTINUED)AT 28 FEBRUARY 202528 Fe

38、bruary 202531 August 2024NotesHK$000HK$000(Unaudited)(Audited)Non-current liabilitiesBank borrowings21687821Deferred tax liability22679757Long service payment obligation827738Lease liabilities131,1291,616 3,3223,932 Net assets89,83984,694 Capital and reservesShare capital2316,00016,000Reserves73,839

39、68,694 Total equity89,83984,694 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202511CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE SIX MONTHS ENDED 28 FEBRUARY 2025Attributable to owners of the CompanyShare capitalShare premiumOther reservesRetained earningsTotalHK$000HK$000HK$000HK$0

40、00HK$000(Note)At 1 September 2023(audited)16,00024,1871,41533,97775,579 Profit for the period6,7886,788Other comprehensive income for the period:Net fair value gain on a financial asset at FVTOCI415415 Total comprehensive income for the period4156,7887,203 Release of other reserve upon disposal of a

41、 financial asset at FVTOCI427(427)At 29 February 2024(unaudited)16,00024,1872,25740,33882,782 At 1 September 2024(audited)16,00024,1872,25942,24884,694 Profit for the period4,5424,542Other comprehensive income for the period:Net fair value gain on financial asset at FVTOCI498498Actuarial gain on lon

42、g service payment obligation105105 Total comprehensive income for the period4984,6475,145 At 28 February 2025(unaudited)16,00024,1872,75746,89589,839 Note:Other reserves mainly represent the difference between the nominal value of the issued share capital of subsidiaries acquired pursuant to a group

43、 reorganisation over the consideration paid for acquiring these subsidiaries and investment revaluation reserve arising from fair value changes of financial asset at FVTOCI.12CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE SIX MONTHS ENDED 28 FEBRUARY 2025Six months ended28 February 202529 Feb

44、ruary 2024HK$000HK$000(Unaudited)(Unaudited)NET CASH(USED IN)FROM OPERATING ACTIVITIES(10,205)13,235 INVESTING ACTIVITIESProceeds from disposal of financial assets at FVTOCI2,599Proceeds from disposal of right-of-use assets9Proceeds from disposal of property,plant and equipment350Interest received42

45、9256Compensation received upon written-off of right-of-use assets97Deposits paid for acquisition of non-current assets(516)(1,069)Purchase of property,plant and equipment(85)(1,847)Placement of pledged bank deposits(8,000)(2,000)Withdrawal of pledged bank deposits8,0002,000 NET CASH(USED IN)FROM INV

46、ESTING ACTIVITIES(163)386 FINANCING ACTIVITIESNew bank borrowings raised8,0008,595Repayment of bank borrowings(8,126)(8,000)Repayment of lease liabilities(1,192)(1,356)Interest paid(145)(125)Government grants received14557 NET CASH USED IN FINANCING ACTIVITIES(1,318)(829)NET(DECREASE)INCREASE IN CAS

47、H AND CASH EQUIVALENTS(11,686)12,792CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD31,93221,709 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD,REPRESENTED BY BANK BALANCES AND CASH20,24634,501 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202513NOTES TO THE CONDENSED CONSOLIDATED FINAN

48、CIAL STATEMENTSFOR THE SIX MONTHS ENDED 28 FEBRUARY 20251.GENERAL INFORMATIONECI Technology Holdings Limited(the“Company”)was incorporated in the Cayman Islands under the Companies Law,Chapter 22(Law 3 of 1961,as consolidated and revised)of the Cayman Islands on 3 October 2016 as an exempted company

49、 with limited liability and the shares of the Company are listed on the GEM of The Stock Exchange of Hong Kong Limited on 10 March 2017.The address of its registered office is Ocorian Trust(Cayman)Limited at Windward 3,Regatta Office Park,PO Box 1350,Grand Cayman KY1-1108,Cayman Islands.The address

50、of its principal place of business is Factory D on 3/F of Block II of Camelpaint Buildings,Block I and Block II,No.62 Hoi Yuen Road,Kowloon,Hong Kong.In the opinion of directors of the Company,its ultimate holding company and immediate holding company is ECI Asia Investment Limited,a company incorpo

51、rated in British Virgin Islands(the“BVI”),which is controlled by Dr.Ng Tai Wing.The Company is an investment holding company.Its major operating subsidiaries are engaged in the provision of installation and maintenance services,security guarding services and electric vehicle charging services.The co

52、ndensed consolidated financial statements are presented in Hong Kong dollars(“HK$”)which is same as the functional currency of the Company and its subsidiaries(collectively referred to as the“Group”).These condensed consolidated financial statements have not been audited.14NOTES TO THE CONDENSED CON

53、SOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20252.BASIS OF PREPARATIONThe condensed consolidated financial statements for the six months ended 28 February 2025 have been prepared in accordance with HKAS 34 Interim Financial Reporting issued by the Hong Kong Institut

54、e of Certified Public Accountants(the“HKICPA”)and the applicable disclosure requirements of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange.These condensed consolidated financial statements should be read in conjunction with the annual financial statements of the Group

55、 for the year ended 31 August 2024,which have been prepared in accordance with HKFRS Accounting Standards issued by the HKICPA,and any public announcement made by the Company during the interim reporting period.3.PRINCIPAL ACCOUNTING POLICIESThe condensed consolidated financial statements have been

56、prepared on the historical cost basis except for certain financial instruments,which are measured at fair value,as appropriate.The accounting policies used in the condensed consolidated financial statements are consistent with those followed in the preparation of the Groups annual consolidated finan

57、cial statements for the year ended 31 August 2024 except as described below.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202515NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20253.PRINCIPAL ACCOUNTING POLICIES(Continued)Application of amendm

58、ents to HKFRS Accounting StandardsIn the current interim period,the Group has applied,for the first time,the following amendments to HKFRS Accounting Standards issued by the HKICPA which are effective for the Groups annual period beginning on 1 September 2024 for the preparation of the condensed con

59、solidated financial statements.Amendments to HKFRS 16Lease Liability in a Sale and Lease-backAmendments to HKAS 1Classification of Liabilities as Current or Non-current and related amendments to Hong Kong Interpretation 5(2020)Amendments to HKAS 1Non-current Liabilities with CovenantsAmendments to H

60、KAS 7 and HKFRS 7Supplier Finance ArrangementsThe application of all the amendments to HKFRS Accounting Standards in the current interim period had no material impact on the Groups financial performance and financial positions for the current and prior periods and on the disclosures set out in these

61、 condensed consolidated financial statements.16NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20254.REVENUERevenue represents the revenue arising on provision of installation,maintenance,security guarding services and electric vehicle charging

62、 income for the period.An analysis of the Groups revenue for the six months ended 28 February 2025 and 29 February 2024 is as follows:Six months ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)Revenue from contracts with customers within the scope of HKFRS 15Installation servi

63、ces40,46651,379Maintenance services45,33940,274Security guarding services13,45214,163Electric vehicle charging income 18497 99,441105,913 Timing of revenue recognitionAt a point in time18497Over time99,257105,816 Total revenue from contracts with customers99,441105,913 ECI TECHNOLOGY HOLDINGS LIMITE

64、D Interim Report 202517NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATIONInformation reported to the executive directors of the Company,being the chief operating decision maker(“CODM”),for the purposes of resource allocat

65、ion and assessment of segment performance focuses on types of services provided.No operating segments identified by the CODM have been aggregated in arriving at the reportable segments of the Group.Accordingly,the Groups operating and reportable segments are as follows:Installation and maintenance s

66、ervices Security guarding services Electric vehicle charging operation(“EV charging operation”)18NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATION(Continued)Segment revenue and resultsThe following is an analysis of the

67、Groups revenue and results by reportable and operating segment.For the six months ended 28 February 2025Installation and maintenance servicesSecurity guarding servicesEV charging operationTotalHK$000HK$000HK$000HK$000(Unaudited)(Unaudited)(Unaudited)(Unaudited)REVENUEExternal sales85,80513,45218499,

68、441 Segment profit(loss)6,270633(77)6,826 Fair value gain on financial asset at FVTPL9Unallocated income429Unallocated corporate expenses(2,049)Profit before taxation5,215 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202519NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE

69、SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATION(Continued)Segment revenue and results(Continued)For the six months ended 29 February 2024Installation and maintenance servicesSecurity guarding servicesEV charging operationTotalHK$000HK$000HK$000HK$000(Unaudited)(Unaudited)(Unaudited)(Unaudited

70、)REVENUEExternal sales91,65314,16397105,913 Segment profit(loss)8,586843(71)9,358 Fair value loss on financial asset at FVTPL(29)Unallocated income256Unallocated corporate expenses(2,174)Profit before taxation7,411 Segment profit(loss)represents the profit earned by(loss from)each segment without al

71、location of bank interest income,central administration costs,directors emoluments,and fair value gain(loss)on financial asset at FVTPL.This is the measure reported to the CODM for the purposes of resources allocation and performance assessment.20NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEME

72、NTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATION(Continued)Other segment informationFor the six months ended 28 February 2025Installation and maintenance servicesSecurity guarding servicesEV charging operationTotalHK$000HK$000HK$000HK$000(Unaudited)(Unaudited)(Unaudited)(

73、Unaudited)Amounts included in the measure of segment profit or loss or segment assets:Additions to non-current assets(Note)1,5158212,336Depreciation1,7562491482,153(Reversal of impairment loss)impairment loss of trade receivables and contract assets,net(492)46(446)Government grants145145Finance cost

74、s12421145 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202521NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATION(Continued)Other segment information(Continued)For the six months ended 29 February 2024Installation and mai

75、ntenance servicesSecurity guarding servicesEV charging operationTotalHK$000HK$000HK$000HK$000(Unaudited)(Unaudited)(Unaudited)(Unaudited)Amounts included in the measure of segment profit or loss or segment assets:Additions to non-current assets(Note)1,8171,8353,652Depreciation1,5631081,671Impairment

76、 loss(reversal of impairment loss)of trade receivables and contract assets,net54(1)53Government grants119119Finance costs1214125 Note:Additions to non-current assets include property,plant and equipment,right-of-use assets and deposit for acquisition of non-current assets for the six months ended 28

77、 February 2025 and 29 February 2024.22NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATION(Continued)Segment assets and liabilitiesThe following is an analysis of the Groups assets and liabilities by reportable and operatin

78、g segment:28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Segment assetsInstallation and maintenance services97,15395,319Security guarding services7,2547,102EV charging operation2,4402,437 Total segment assets106,847104,858Unallocated corporate assets1,490623 Consolidated assets108,337

79、105,481 Segment liabilitiesInstallation and maintenance services16,69819,224Security guarding services1,3381,249EV charging operation23 Total segment liabilities18,05920,473Unallocated corporate liabilities439314 Consolidated liabilities18,49820,787 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202

80、523NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20255.SEGMENT INFORMATION(Continued)Segment assets and liabilities(Continued)For the purposes of monitoring segment performance and allocating resources between segments:all assets are allocate

81、d to operating segments other than interest in an associate,financial asset at FVTPL,certain deposits and prepayment and certain bank balances and cash.all liabilities are allocated to operating segments other than certain accruals and other payables.Geographical informationNo geographical informati

82、on is presented as all revenue from external customers of the Group is derived from Hong Kong and all non-current assets of the Group are located in Hong Kong.24NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20256.OTHER INCOME AND GAINSix mont

83、hs ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)Bank interest income429256Rental income106102Government grants(note(i)145119Gain on disposal of property,plant and equipment350Gain on disposal of right-of-use assets (note 13)27Gain on early termination of a lease contract(no

84、te 13)9Gain on written-off of right-of-use assets(note(ii)33Sundry income63104 779964 Note(i):During the six months ended 28 February 2025,the Group recognised government subsidies of approximately HK$145,000 in respect of technician training(six months ended 29 February 2024:HK$119,000 in respect o

85、f Coronavirus Disease 2019 related subsidies,including those related to Employment Support Scheme).There are no unfulfilled conditions or other contingencies attached to these grants.Note(ii):During the six months ended 29 February 2024,the Group received insurance compensation of approximately HK$9

86、7,000 due to written-off of a right-of-use asset in respect of motor vehicle with carrying amount of approximately HK$64,000.Thus gain on written-off of approximately HK$33,000 was recognised during the six months ended 29 February 2024.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202525NOTES TO T

87、HE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20257.FINANCE COSTSSix months ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)Interests on:Bank borrowings3746Lease liabilities10879 145125 26NOTES TO THE CONDENSED CONSOLIDATED FINAN

88、CIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 20258.INCOME TAX EXPENSESSix months ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)Current tax:Hong Kong Profits Tax751669Deferred tax(78)(46)673623 Notes:(a)Pursuant to the laws and regulations of the Cayman Isla

89、nds and the BVI,the Group is not subject to any income tax in these jurisdictions.(b)Under the two-tiered profits tax rates regime of Hong Kong Profits Tax,the first HK$2,000,000 of profits of qualifying corporation will be taxed at 8.25%(six months ended 29 February 2024:8.25%),and profits above HK

90、$2,000,000 will be taxed at 16.5%(six months ended 29 February 2024:16.5%).For the six months ended 28 February 2025 and 29 February 2024,Hong Kong Profits Tax of the qualified entity is calculated in accordance with the two-tiered profits tax rates regime.The profits of other group entities in Hong

91、 Kong not qualifying for the two-tiered profits tax rates regime will continue to be taxed at the flat rate of 16.5%(six months ended 29 February 2024:16.5%).ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202527NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS END

92、ED 28 FEBRUARY 20259.PROFIT FOR THE PERIODProfit for the period is arrived at after charging:Six months ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)Directors emoluments fees276251 salaries,allowances and other benefits1,6191,508 contributions to retirement benefit plans474

93、4Other staff costs(excluding directors emoluments)salaries and other benefits53,50947,556 contributions to retirement benefit plans2,3562,186 provision for long service payment194 Total staff costs58,00151,545 Auditors remuneration330410Depreciation of property,plant and equipment949500Depreciation

94、of right-of-use assets1,2041,171Lease expenses for short-term leases306300 28NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202510.EARNINGS PER SHAREThe calculation of the basic earnings per share attributable to owners of the Company is based

95、 on the following data:Six months ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)EarningsProfit for the period for the purpose of basic earnings per share4,5426,788 Six months ended28 February 202529 February 2024000000(Unaudited)(Unaudited)Number of sharesWeighted average nu

96、mber of ordinary shares for the purpose of basic earnings per share1,600,0001,600,000 No diluted earnings per share has been presented as there were no potential dilutive ordinary shares outstanding during the six months ended 28 February 2025 and 29 February 2024.ECI TECHNOLOGY HOLDINGS LIMITED Int

97、erim Report 202529NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202511.DIVIDENDNo dividend was paid or proposed by the Company during the six months ended 28 February 2025 and 29 February 2024,nor has any dividend been proposed since the end

98、of the reporting period.12.MOVEMENT IN PROPERTY,PLANT AND EQUIPMENTDuring the six months ended 28 February 2025,the Group acquired plant and equipment with total costs of approximately HK$85,000(six months ended 29 February 2024:approximately HK$2,439,000).At 28 February 2025,the aggregate carrying

99、values of leasehold land and buildings and motor vehicles of approximately HK$6,111,000(31 August 2024:approximately HK$5,731,000)were pledged to secure bank borrowings to the Group.13.RIGHT-OF-USE ASSETS AND LEASE LIABILITIESDuring the six months ended 28 February 2025,the Group entered into two ne

100、w lease arrangements in respect of buildings(six months ended 29 February 2024:two renewal lease arrangements in respect of building).Right-of-use assets and lease liabilities of approximately HK$1,735,000(six months ended 29 February 2024:HK$736,000)were recognised at the inception of the leases.Du

101、ring the six months ended 28 February 2025,the Group did not write off any right-of-use asset(six months ended 29 February 2024:write off HK$64,000 in respect of motor vehicle).30NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202513.RIGHT-OF-U

102、SE ASSETS AND LEASE LIABILITIES(Continued)During the six months ended 28 February 2025,the Group had a disposal arrangement on motor vehicle with carrying amount of right-of-use assets and lease liabilities amounted to approximately HK$53,000 and HK$71,000 respectively(six months ended 29 February 2

103、024:nil).During the six months ended 28 February 2025,the Group mutually agreed with a landlord to early terminate a lease contract with carrying amount of right-of-use assets and lease liabilities amounted to approximately HK$738,000 and HK$747,000 respectively.Gain on early termination of a lease

104、contract amounted to approximately HK$9,000(six months ended 29 February 2024:nil)was recognised in profit or loss accordingly.14.FINANCIAL ASSET AT FVTOCI28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Unlisted equity securities in Hong Kong896398 ECI TECHNOLOGY HOLDINGS LIMITED Inter

105、im Report 202531NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202515.TRADE RECEIVABLES28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Trade receivables43,27630,893Less:allowance for impairment of trade receivables(1,023)(1,431)4

106、2,25329,462 As at 28 February 2025,the gross amount of trade receivable arising from contracts with customer amounted to HK$43,276,000(31 August 2024:HK$30,893,000).32NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202515.TRADE RECEIVABLES(Cont

107、inued)The Group does not have a standardised and universal credit period granted to its customers and stipulated in the project contract,as appropriate.The following is an aged analysis of trade receivables(net of allowance for impairment),presented based on the date of certified report for installa

108、tion services,or based on the invoice date for maintenance services,security guarding services and electric vehicle charging services,at the end of the reporting period:28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Within 30 days34,30912,94331 60 days2,3656,15261 90 days1,3652,693Ove

109、r 90 days4,2147,674 42,25329,462 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202533NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202515.TRADE RECEIVABLES(Continued)The Group recognised lifetime expected credit losses(“ECL”)for trade receiv

110、ables based on credit risk characteristic under collective assessment(except for internal credit rating“Default”which is assessed for ECL individually per debtor):Internal credit ratingAverage loss rate%Gross carrying amountLoss allowanceNet carrying amountHK$000HK$000HK$000As at 28 February 2025(Un

111、audited)Strong0.2%34,3908134,309Good0.4%2,375102,365Satisfactory5.7%5,9163375,579Default100%595595 43,2761,02342,253 As at 31 August 2024(Audited)Strong0.2%20,9913720,954Good0.3%1,43851,433Satisfactory6.2%7,5424677,075Default100.0%922922-30,8931,43129,462 34NOTES TO THE CONDENSED CONSOLIDATED FINANC

112、IAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202516.CONTRACT ASSETS AND CONTRACT LIABILITIES28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Contract assets20,08319,180Less:allowance for impairment of contract assets(41)(79)20,04219,101 Contract liabilities1,6431,535 Th

113、e contract assets primarily relate to the Groups rights to consideration for work completed but not yet billed at the reporting date and retention receivables prior to expiration of defect liability period.The contract assets are transferred to trade receivables when the rights become unconditional.

114、At 28 February 2025,the contract liabilities include advances received to render installation services and electric vehicle charging service(31 August 2024:installation services).ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202535NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)F

115、OR THE SIX MONTHS ENDED 28 FEBRUARY 202516.CONTRACT ASSETS AND CONTRACT LIABILITIES(Continued)The balance of contract assets and contract liabilities are expected to be recovered/settled within one year.The movement in the allowance for impairment of contract assets is set out below:HK$000As at 1 Se

116、ptember 2023(Audited)32Impairment losses recognised47 As at 31 August 2024 and 1 September 2024(Audited)79Reversal of impairment losses recognised(38)As at 28 February 2025(Unaudited)41 17.DEPOSITS,PREPAYMENTS AND OTHER RECEIVABLES28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Deposit

117、s1,1511,099Prepayments1,851890Other receivables47149 3,0492,138 36NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202518.FINANCIAL ASSET AT FAIR VALUE THROUGH PROFIT OR LOSS28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Financial

118、 asset at FVTPL comprises:Equity security listed in Hong Kong120111 The listed security is stated at fair value.The fair value of the listed security has been determined by reference to published price quotations in active market.19.BANK BALANCES AND CASH AND PLEDGED BANK DEPOSITSAt 28 February 2025

119、,bank balances carried interest at the prevailing market rates which range from 0.0001%to 4.1%(31 August 2024:0.0001%to 3.75%)per annum.Pledged bank deposits represents deposits pledged to banks to secure banking facilities granted to the Group.At 28 February 2025,deposits amounting to HK$8,000,000(

120、31 August 2024:HK$8,000,000)have been pledged to secure short-term bank borrowings and banking facilities and are therefore classified as current assets.The pledged bank deposits will be released upon settlement of relevant bank borrowings.At 28 February 2025,the pledged bank deposits carry fixed in

121、terest rates ranging from 2.0%to 3.1%(31 August 2024:2.2%to 3.9%)per annum.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202537NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202520.TRADE PAYABLES,ACCRUALS AND OTHER PAYABLES28 February 202531

122、August 2024HK$000HK$000(Unaudited)(Audited)Trade payables4,1124,892 The following is an aged analysis of trade payables presented based on the invoice date at the end of the reporting period:28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Within 30 days2,1702,54031 60 days34896261 90 d

123、ays62133Over 90 days1,5321,257 4,1124,892 Trade payables represented payables to suppliers and subcontractors.The credit terms granted by subcontractors were stipulated in the relevant contracts and the payables were usually due for settlement within 30 to 60 days.The Group has financial risk manage

124、ment policies in place to ensure that all payables are settled within the credit timeframe.As at 28 February 2025,approximately HK$786,000(31 August 2024:HK$593,000)of accrued staff cost was included in accruals and other payables.38NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

125、FOR THE SIX MONTHS ENDED 28 FEBRUARY 202521.BANK BORROWINGS28 February 202531 August 2024HK$000HK$000(Unaudited)(Audited)Secured bank borrowings4,9515,077 Amounts shown under current liabilities4,2644,256Amounts shown under non-current liabilities687821 4,9515,077 At 28 February 2025,secured bank bo

126、rrowings carried interest at fixed rates ranging from 2.95%to 3.25%(31 August 2024:2.95%to 3.25%)and floating rate at 5.04%(31 August 2024:5.20%)per annum.The bank borrowings were denominated in HK$as at 28 February 2025 and 31 August 2024.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202539NOTES T

127、O THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202522.DEFERRED TAX LIABILITYThe following is the deferred tax liability recognised and movements thereon during the current period and prior year:Accelerated tax depreciationHK$000At 1 September 2023(Au

128、dited)676Charged to profit or loss81 At 31 August 2024 and 1 September 2024(Audited)757Credited to profit or loss(78)At 28 February 2025(Unaudited)679 40NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202523.SHARE CAPITALNumber of ordinary shar

129、esShare capitalHK$000Ordinary shares of HK$0.01 eachAuthorised:At 1 September 2023(Audited),29 February 2024(Unaudited),31 August 2024(Audited)and 28 February 2025(Unaudited)3,800,000,00038,000 Issued and fully paid:At 1 September 2023(Audited),29 February 2024(Unaudited),31 August 2024(Audited)and

130、28 February 2025(Unaudited)1,600,000,00016,000 24.CAPITAL COMMITMENTAs at 28 February 2025,the Group has capital commitments amounted to approximately HK$541,000(31 August 2024:nil)in relation to the acquisition of new software and plant and equipment.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 2

131、02541NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202525.RELATED PARTY TRANSACTIONS AND BALANCESSave as disclosed elsewhere in the condensed consolidated financial statements,the Group entered into transactions with its related parties as fo

132、llows:(a)Balances with related parties28 February 202531 August 2024Related PartyNature of balanceHK$000HK$000(Unaudited)(Audited)Land Power International Property Management LimitedRental deposit received1717Guardman Property Management LimitedRental deposit received1717Labour Palace Services Limit

133、edRental deposit paid74Prepaid rental expenses26 42NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202525.RELATED PARTY TRANSACTIONS AND BALANCES(Continued)(b)Transactions with related partiesSix months ended28 February 202529 February 2024Rela

134、ted PartyNature of transactionHK$000HK$000(Unaudited)(Unaudited)Land Power International Property Management LimitedRental incomeSales of materialsInstallation services income51428951Guardman Property Management LimitedRental income5151Guardman Development LimitedSales of materialsMaintenance servic

135、es income723Labour Palace Services LimitedSales of materialsRental expenses419 ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202543NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)FOR THE SIX MONTHS ENDED 28 FEBRUARY 202525.RELATED PARTY TRANSACTIONS AND BALANCES(Continued)(b)Tran

136、sactions with related parties(Continued)These related parties are owned and controlled by the close family member of the controlling shareholders(At 31 August 2024 or six months ended 29 February 2024:controlling shareholders)of the Company.None of the above related party balances or transactions fa

137、lls under the definition of connected transaction or continuing connected transaction as defined in Chapter 20 of the GEM Listing Rules.(c)Compensation to key management personnelThe remuneration of members of key management personnel represented executive directors and senior management of the Comp

138、any during the six months ended 28 February 2025 and 29 February 2024 were as follows:Six months ended28 February 202529 February 2024HK$000HK$000(Unaudited)(Unaudited)Short-term benefits1,8951,759Contributions to retirement benefit plans4744 1,9421,803 26.COMPARATIVE FIGURESCertain comparative fina

139、ncial information has been re-presented to conform with the current periods presentation.44MANAGEMENT DISCUSSION AND ANALYSISBUSINESS REVIEWOur extra-low voltage(“ELV”)solutions primarily focus on a central monitoring system that has been deployed in Hong Kong since 2013 in residential and commercia

140、l buildings for enhancing control and security.ELV solutions cover all the new modern technologies that are increasingly becoming a must-have system in every building such as CCTV,fire alarm systems,public address systems,audio/video solutions,access control systems,car park systems and clubhouse ma

141、nagement systems.Our team of experts offer consultation,design,integration,implementation and maintenance services to our clients in both private and public sectors.We specialise in a wide range of audio-visual and security systems.During the Period,we have undertaken various installation and mainte

142、nance projects for various customers from both private sector and Government such as the Drainage Services Department,Hong Kong Police Force,the Leisure and Cultural Services Department,etc.During the six months ended 28 February 2025,some of the major projects were completed,such as CCTV installati

143、on at Shield Industrial Centre,upgrading existing and provision of new access control system of The Belchers and installation of octopus autopay station at the gate in Hong Lok Yuen.With respect to maintenance work,the Group has been actively seeking opportunities to increase its market share.During

144、 the Period,the Group was awarded a new and significant contract from the Government.This contract comprises,inter alia,a quadrennial contract for the maintenance,repair,alternations,additions and improvement of burglar alarms and security installations at various premises of Hong Kong Police Force.

145、The contract commences in March 2025.Regarding our security guarding operation,we continued to operate security guard services in Villa Esplanada.During the Period,we were the successful bidder for security services for the global event“HONG KONG STREETATHON 2024”.The Group has gained reputation and

146、 has improved experiences after completing the marathon project which has equipped us to bid for similar event projects in the future.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202545OUTLOOK AND PROSPECTSThe Groups ELV solutions cover commercial buildings,shopping malls,hospitals and government

147、facilities in both the private and public sectors.In order to provide the most suitable solutions to our valued customers,we integrate the latest technology with various intelligent devices and keep the technology up-to-date through internal development and collaboration with overseas companies to o

148、ffer the best solutions to our customers.For example,with the extensive use of smartphones in recent years,we are continuously optimizing our carpark system to include more diversified payment methods for the convenience of users.In addition to developing new technologies ourselves,the Group will ex

149、plore opportunities with third-party strategic partners to establish various parking systems and strive to build the most advanced technology in Hong Kong.Looking ahead,we will focus on bidding ELV maintenance services and aim to strengthen the relationship with our customers by offering high qualit

150、y and timely services.Further,expanding our maintenance services business segment will increase our market share and enhance our reputation in the industry.As for our security guarding operation,growth is resuming.Security projects in Villa Esplanada are in progress.Apart from the provision of build

151、ing security services,with our strong background and experiences in temporary and short-term event projects,we will look for and participate in more event security guarding projects in the coming years.For our EV charging operation,we are currently operating two service stations at Cairnhill and Shu

152、i On Centre.With our experiences gained from these first two stations,we will seek potential opportunities on new service stations to further expand this new business.Lastly,the Group will continue to invest in the development of our in-house capabilities as well as collaborating with other business

153、 partners to provide one-stop solutions and security guarding services into a fully integrated platform in a new way,thereby generating long-term and sustainable growth in shareholder value.46FINANCIAL REVIEWRevenueThe revenue of the Group decreased by approximately 6.11%from approximately HK$105,91

154、3,000 for the six months ended 29 February 2024 to approximately HK$99,441,000 for the Period.The decrease in revenue was mainly due to the decrease in revenue generated from installation services.Cost of Sales and Gross ProfitThe majority of the Groups cost of sales comprised direct labour,direct m

155、aterial and equipment.The cost of sales decreased by approximately 9.31%from approximately HK$78,479,000 for the six months ended 29 February 2024 to approximately HK$71,173,000 for the Period,which was in line with the decrease in revenue.The Groups gross profit increased by approximately 3.04%from

156、 approximately HK$27,434,000 for the six months ended 29 February 2024 to approximately HK$28,268,000 for the Period.Administrative ExpensesThe Groups administrative expenses increased by approximately 16.18%from approximately HK$20,780,000 for the six months ended 29 February 2024 to approximately

157、HK$24,142,000 for the Period,which was mainly due to the increase in the number of office staff for business development.Profit attributable to owners of the CompanyThe Group recorded a profit attributable to owners of the Company of approximately HK$4,542,000 for the Period(2024:approximately HK$6,

158、788,000).The decrease in the profit attributable to owners of the Company was mainly due to the decrease in revenue and increase in administrative expenses for the Period.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202547FINANCIAL REVIEW(Continued)DividendThe Board does not recommend the payment

159、of an interim dividend for the six months ended 28 February 2025(29 February 2024:Nil).Financial AssetAs at 28 February 2025,the Groups financial asset consisted of security listed on the Stock Exchange and the performance of the listed security was as follows:Company Name/(Stock Code)Number of shar

160、es held at 28 February 2025Percentage of shareholdings at 28 February 2025Carrying amount at 31 August 2024Fair value changes on financial assets for the period ended 28 February 2025Fair value at 28 February 2025Percentage of total financial assets at fair value through profit or loss at 28 Februar

161、y 2025Percentage of total assets of the Group as at 28 February 2025HK$000HK$000HK$000Allied Sustainability and Environmental Consultants Group Limited(8320)1,125,0000.15%1119120100%0.11%Allied Sustainability and Environmental Consultants Group Limited(“AEC”,together with its subsidiaries,the“AEC Gr

162、oup”)is an investment holding company with its subsidiaries mainly engaged in the provision of environmental consulting services.It mainly operates through four segments.Green Building Certification Consultancy segment is involved in consultancy on the application of green building certification for

163、 new buildings,existing buildings and interiors of buildings.Sustainability and Environmental Consultancy segment is involved in consultancy on sustainability and environmental impact assessment for compliance with statutory requirements in relation to environmental impact and pollution control.Acou

164、stics,Noise and Vibration Control and Audio-Visual Design Consultancy segment is involved in designs for architectural acoustic,mechanical vibration,noise control and audio-visual systems.ESG Reporting and Consultancy segment involves conducting assessment of the ESG systems,preparing reports in com

165、pliance with the GEM Listing Rules and the Rules Governing the Listing of Securities on the Stock Exchange,and related services.AEC mainly operates its business in Hong Kong,the Mainland China and Macau.48FINANCIAL REVIEW(Continued)Bank BorrowingsDetails of bank borrowings are set out in note 21 to

166、the condensed consolidated financial statements.Gearing RatioThe gearing ratio,being its total debts(including bank borrowings and lease liabilities)divided by its total equity,was 0.1 as at 28 February 2025(31 August 2024:0.1).Commitments and Contingent LiabilitiesDetails of capital commitments are

167、 set out in note 24 to the condensed consolidated financial statements.The Group had no significant contingent liabilities as at 28 February 2025.Foreign Exchange ExposureSince the Groups business activities are operated in Hong Kong only and all relevant transactions are denominated in Hong Kong do

168、llars,the Directors consider that the Groups exposure to foreign exchange risks is insignificant.Employees and Remuneration PoliciesAs at 28 February 2025,the Group had a total of 431 employees(29 February 2024:377).The increase in the number of employees was mainly due to the increase in operating

169、scale of the Group.The Groups remuneration policies are in line with the prevailing market practice and are determined on the basis of performance,qualification and experience of individual employee.The Group recognizes the importance of good relationships with its employees.The remuneration payable

170、 to its employees includes salaries and allowances.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202549FINANCIAL REVIEW(Continued)Use of Proceeds from the ListingThe Companys shares were successfully listed on GEM of the Stock Exchange on 10 March 2017(the“Listing Date”)by way of share offer.After

171、deduction of all related listing expenses and commissions,the net proceeds from listing amounted to approximately HK$31.5 million.As announced by the Company on 20 September 2019,certain unutilised proceeds from the listing would be re-allocated for other purposes.Up to 28 February 2025,the Group ha

172、s unutilised proceeds from the listing of approximately HK$3.5 million.A summary of utilised and unutilised proceeds are set out in the table below:Intended use of proceedsRevised allocation of unutilised net proceeds as at20 September 2019Approximate amount utilised as at 28 February 2025Approximat

173、e amount unutilised as at 28 February 2025HK$millionHK$millionHK$millionNotes(note i)Obtaining additional licences and qualifications3.53.5iiExpansion of existing security guarding operating segment5.05.0Salary payment and purchase of capital assets of the major maintenance projects at the Hong Kong

174、-Zhuhai-Macao Bridge and the West Kowloon Station6.56.5Total15.011.53.5iiiNotes:(i)As announced in the announcement dated 20 September 2019,the Directors have resolved to change the use of unutilised net proceeds from the listing.(ii)The Group plans to obtain additional license and qualification and

175、 is currently in the process of satisfying the minimum working capital and employed capital requirement of“Electrical and Mechanical Installation for Sewage Treatment and Screening Plant”.Since the plan is being delayed,the unutilised proceeds is intended to be fully utilised in 2025.(iii)The unutil

176、ised proceeds as at 28 February 2025 had been placed in interest-bearing deposits with licensed banks in Hong Kong.50OTHER INFORMATIONSHARE OPTION SCHEMEThe share option scheme of the Company(the“Share Option Scheme”)has been conditionally adopted by the sole shareholder on 17 February 2017.Subject

177、to the restrictions under the GEM Listing Rules,the Board may,at its discretion,offer to grant an option to any person belonging to any of the following classes of participants(the“Eligible Participants”),to take up options to subscribe for the shares:(i)any full-time or part-time employees,executiv

178、es or officers of our Group;(ii)any Directors(including executive Directors,non-executive Directors and independent non-executive Directors)of our Group;and(iii)any suppliers,customers,consultants,agents,advisers and related entities to our Group.Unless terminated by the Company by resolution in gen

179、eral meeting,the Share Option Scheme shall be valid and effective for a period of 10 years commencing from 10 March 2017,i.e.the date on which the Share Option Scheme becomes unconditional,and up to 9 March 2027.The purpose of the Share Option Scheme is to enable our Company to grant options to sele

180、cted participants as incentives or rewards for their contribution to our Group.The Share Option Scheme will reward the Eligible Participants who have contributed or will contribute to the Company and the Group and motivate the Eligible Participants to optimize their performance efficiency for the be

181、nefit of the Group and the shareholders.Besides,it can help to attract and retain or otherwise maintain on-going business relationship with the Eligible Participants whose contributions are or will be beneficial to the long-term growth of the Group.The total number of Shares which may be issued upon

182、 exercise of all options under the Share Option Scheme must not in aggregate exceed 10%of the total number of Shares in issue at the time dealings in the Shares first commenced on the Stock Exchange,which amounts to 160,000,000 Shares.Unless approved by the Shareholders,the total number of Shares is

183、sued and to be issued upon exercise of all outstanding options granted to each Eligible Participant(including both exercised and outstanding options)in any 12-month period must not exceed 1%of the Shares in issue,which is 16,000,000 Shares.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202551SHARE O

184、PTION SCHEME(Continued)An option may be accepted by an Eligible Participant with a payment of HK$1.00 to the Company.The exercise price of the option shall not be less than the highest of:(i)the official closing price of the Shares as stated in the Stock Exchanges daily quotation sheets on the date

185、of grant,(ii)the average of the official closing prices of the Shares as stated in the Stock Exchanges daily quotation sheets for the five business days immediately preceding the date of grant,and(iii)the nominal value of a Share.The Directors may,subject to the requirements of the GEM Listing Rules

186、,determine the vesting period and the period within which the option may be exercised,but in any event not exceed 10 years from the date of grant.No options had been granted or agreed to be granted under the Share Option Scheme during the Period and up to the date of this interim report.The Company

187、did not have any outstanding share options,warrants or instruments convertible into shares as at 28 February 2025 and up to the date of this report.As at 1 September 2024 and 28 February 2025,the number of share options available for grant under the Share Option Scheme was 160,000,000 and 160,000,00

188、0 respectively.Save for the Share Option Scheme,the Company did not have any other share scheme.The number of Shares that may be issued in respect of all share options granted under the Share Option Scheme during the six months ended 28 February 2025 divided by the weighted average number of Shares

189、in issue for the said period was nil.DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURES OF THE COMPANY AND ITS ASSOCIATED CORPORATIONSSo far as the Directors are aware,as at 28 February 2025,the interests and short positions of the Directors and c

190、hief executive of the Company in the Shares,underlying shares or debentures of the Company or any of its associated corporations(within the meaning of Part XV of the Securities and Futures Ordinance(Cap.571 of the Laws of Hong Kong)(“SFO”)which were notified to the Company and the Stock Exchange pur

191、suant to Divisions 7 and 8 of Part XV of the SFO(including interests or short positions which they are taken or deemed to have under such provisions of the SFO)and required to be entered in the register maintained by the Company pursuant to Section 352 of the SFO or which were required,pursuant to R

192、ules 5.48 to 5.67 of the GEM Listing Rules,to be notified to the Company and the Stock Exchange,are as follows:52DIRECTORS AND CHIEF EXECUTIVES INTERESTS AND SHORT POSITIONS IN SHARES,UNDERLYING SHARES AND DEBENTURES OF THE COMPANY AND ITS ASSOCIATED CORPORATIONS(Continued)Long positions in the Shar

193、es of the CompanyName of DirectorCapacity/Nature of InterestNumber of Shares heldApproximate percentage of shareholding(Note 1)(Note 2)Dr.Ng Tai Wing(“Dr.Ng”)Interest in controlled corporation(Note 3)880,000,000(L)55%Ms.Wong Tsz ManInterest of spouse(Note 4)880,000,000(L)55%Notes:(1)The letter“L”den

194、otes the persons long position in the Shares.(2)The approximate percentage of shareholding is calculated based on 1,600,000,000 Shares in issue as at 28 February 2025.(3)These Shares are held by ECI Asia Investment Limited(“ECI Asia”,an associated corporation of the Company),and all the issued share

195、s of HK$0.01 each of ECI Asia are owned by Dr.Ng.Pursuant to the SFO,Dr.Ng is deemed to have an interest in all the shares in which ECI Asia has,or is deemed to have.(4)Ms.Wong Tsz Man is the spouse of Dr.Ng.Under the SFO,Ms.Wong Tsz Man is deemed to be interested in all of the Shares in which Dr.Ng

196、 is interested.Save as disclosed above,as at 28 February 2025 and as at the date of this report,none of the Directors or chief executive of the Company had registered an interest or a short position in the shares,underlying shares or debentures of the Company or any of its associated corporations th

197、at was required to be recorded pursuant to Section 352 of the SFO,or as otherwise required pursuant to Rules 5.48 to 5.67 of the GEM Listing Rules to be notified to the Company and the Stock Exchange.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202553SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS INTE

198、RESTS AND/OR SHORT POSITIONS IN SHARES AND UNDERLYING SHARES OF THE COMPANYSo far as the Directors are aware,as at 28 February 2025,the following persons have or are deemed or taken to have an interest and/or short position in the Shares or the underlying Shares which would fall to be disclosed unde

199、r the provisions of Divisions 2 and 3 of Part XV of the SFO or which were recorded in the register required to be kept by the Company under Section 336 of the SFO.Name of ShareholdersCapacity/Nature of interestNumber of Shares heldApproximate percentage of shareholding(Note 1)(Note 2)ECI Asia(Note 3

200、)Beneficial owner880,000,000(L)55%Mr.Yang ShuoBeneficial owner320,000,000(L)20%Notes:(1)The letter“L”denotes the persons long position in the Shares.(2)The approximate percentage of shareholding is calculated based on 1,600,000,000 shares in issue as at 28 February 2025.(3)These Shares are registere

201、d in the name of ECI Asia which is a controlled corporation of Dr.Ng.As Ms.Wong Tsz Man is the spouse of Dr.Ng,she is deemed to be interested in all the shares held by ECI Asia under the SFO.54SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS INTERESTS AND/OR SHORT POSITIONS IN SHARES AND UNDERLYING SHARES

202、 OF THE COMPANY(Continued)Save as disclosed above,as at 28 February 2025 and as at the date of this report,the Directors were not aware that any person,other than the Directors or chief executive of the Company,whose interests are set out in the section“Directors and Chief Executives Interests and S

203、hort Positions in Shares,Underlying Shares and Debentures of the Company and its Associated Corporations”above,had registered an interest or short position in the Shares or underlying shares of the Company that was required to be disclosed under the provisions of Divisions 2 and 3 of Part XV of the

204、SFO or to be recorded in the register pursuant to Section 336 of the SFO.RIGHTS TO ACQUIRE SHARES OR DEBENTURESOther than the Share Option Scheme and as disclosed under the section“Directors and Chief Executives Interests and Short Positions in Shares,Underlying Shares and Debentures of the Company

205、and its Associated Corporations”above,at no time during the six months ended 28 February 2025 and up to the date of this report,was the Company or any of its subsidiaries,or any of its fellow subsidiaries,a party to any arrangement to enable the Directors or chief executives of the Company or their

206、respective associates(as defined in the GEM Listing Rules)to have any right to subscribe for securities of the Company or any of its associated corporations(within the meaning of Part XV of the SFO)or to acquire benefits by means of acquisitions of Shares in,or debentures of,the Company or any other

207、 body corporate.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202555INTEREST IN COMPETING BUSINESSESThe controlling shareholders(as defined under GEM Listing Rules)of the Company have executed the deed of non-competition dated 17 February 2017(the“Deed of Non-competition”)in favour of the Company,d

208、etails of which were set out in the prospectus of the Company dated 27 February 2017.Pursuant to the Deed of Non-competition,the controlling shareholders of the Company have undertaken to the Company(for itself and as trustee for each of our subsidiaries from time to time)that,with effect from the L

209、isting Date,they would not and would procure that none of their close associates(except for any members of the Group)shall,except through their interests in the Company,whether as principal or agent and whether undertaken directly or indirectly,either on their own account or in conjunction with or o

210、n behalf of any person,corporate,partnership,joint venture or other contractual arrangement and whether for profit or otherwise,among other things,carry on,participate,acquire or hold any right or interest or otherwise be interested,involved or engaged in or connected with,directly or indirectly,any

211、 business which is,directly or indirectly,in any respect in competition with or similar to or is likely to be in competition with the business of the Group in Hong Kong or such other places as our Group may conduct or carry on business from time to time.The controlling shareholders of the Company ha

212、ve confirmed to the Company that for the six months ended 28 February 2025 and up to the date of this report,they and their respective close associates(as defined under the GEM Listing Rules)have complied with the undertakings contained in the Deed of Non-competition.For the six months ended 28 Febr

213、uary 2025 and up to the date of this report,none of the Directors,the controlling shareholders or their respective close associates(as defined under the GEM Listing Rules)had any business or interest in a business which competes or may compete with the business of the Group and any other conflicts o

214、f interest with the Group.56CORPORATE GOVERNANCE CODEThe Company and the Directors recognize the importance of good corporate governance in the management structures and internal control procedures of the Group so as to achieve effective accountability.The Company has adopted the code provisions sta

215、ted in the Corporate Governance Code as set out in Appendix C1 to the GEM Listing Rules(the“CG Code”).Except for the deviation from Code Provision C.2.1 of Part 2 of the CG Code,the Companys corporate governance practices have complied with the CG Code during the six months ended 28 February 2025 an

216、d up to the date of this report.Code Provision C.2.1 stipulates that the roles of chairman and chief executive should be separate and should not be performed by the same individual.Dr.Ng is the chairman and chief executive officer of the Company.In view of the fact that Dr.Ng being one of the founde

217、rs of the Group and has been operating and managing the Group since 2003,the Board believes that the vesting of the roles of chairman and chief executive officer in Dr.Ng is beneficial to the business operations and management of the Group and will provide a strong and consistent leadership to the G

218、roup.Accordingly,the Directors consider that the deviation from Code Provision C.2.1 of the CG Code is appropriate in such circumstances.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202557CODE OF CONDUCT FOR THE REQUIRED STANDARD OF DEALINGSUnder Code Provision C.1.3 of the CG Code,the Company has

219、 adopted its written guidelines on the code of conduct regarding Directors dealings in the Companys securities(the“Guidelines”)on terms no less exacting than the required standard of dealings set out in Rules 5.48 to 5.67 of the GEM Listing Rules(the“Required Standard of Dealings”).Having made speci

220、fic enquires by the Company,all Directors and the relevant employees have confirmed that they had complied with the Required Standard of Dealings and the Guideline adopted by the Company throughout the six months ended 28 February 2025 and up to the date of this report.“Relevant employee”includes an

221、y employee or a director or employee of a subsidiary or holding company who,because of his position or office,is likely to possess inside information in relation to the Company or its securities.PURCHASE,SALE OR REDEMPTION OF THE COMPANYS LISTED SECURITIESNeither did the Company redeem nor did the C

222、ompany or any of its subsidiaries purchase or sell any of the Companys listed securities during the six months ended 28 February 2025 and up to the date of this report.58AUDIT COMMITTEEThe Company has established the audit committee(“Audit Committee”)on 17 February 2017 in compliance with Rule 5.28

223、of the GEM Listing Rules.Written terms of reference in compliance with Code Provision D.3.3 of Part 2 of the CG Code has been adopted.The Audit Committee consists of four independent non-executive Directors,namely Mr.Hui Chun Ho Eric,Mr.Sung Wai Tak Herman,Dr.Chow Kin San and Dr.Luk Che Chung,JP.Mr.

224、Hui Chun Ho Eric is the chairman of the Audit Committee.The primary duties of the Audit Committee are to,inter alia,make recommendations to the Board on the appointment,re-appointment or removal of external auditor;review financial statements of the Company and judgments in respect of financial repo

225、rting;and oversee internal control and risk management procedures of the Company.The Audit Committee has reviewed the accounting principles and practices adopted by the Group and discussed the financial reporting matters with senior management of the Company relating to the preparation of the unaudi

226、ted condensed consolidated financial information of the Group for the six months ended 28 February 2025.In addition,the independent auditor of the Company has reviewed the unaudited interim results for the six months ended 28 February 2025 in accordance with Hong Kong Standard on Review Engagement 2

227、410,“Review of Interim Financial Information Performed by the Independent Auditor of the Entity”issued by the Hong Kong Institute of Certified Public Accountants.ECI TECHNOLOGY HOLDINGS LIMITED Interim Report 202559AUDIT COMMITTEE(Continued)The findings in relation to the unaudited condensed consoli

228、dated financial statements of the Group for the six months ended 28 February 2025 have been taken into consideration by the Audit Committee in its review of the interim results for the six months ended 28 February 2025,which have been approved by the Board on 29 April 2025 prior to its issuance.By t

229、he order of the BoardECI Technology Holdings LimitedDr.Ng Tai WingChairman and Chief Executive OfficerAs at the date of this report,the Board comprises seven Directors,including three executive Directors,Dr.Ng Tai Wing(Chairman and Chief Executive Officer),Mr.Law Wing Chong and Ms.Wong Tsz Man;and four independent non-executive Directors,Mr.Hui Chun Ho Eric,Mr.Sung Wai Tak Herman,Dr.Chow Kin San and Dr.Luk Che Chung,JP.