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佈的內容概不負責， 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佈全部或任何部 分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。 HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公司 （於百慕達註冊成立之有限公司） 1188 （股份代號： ） 二零二二年全年業績公佈 正道集團有限公司（「本公司」）董事會（「董事會」或「董事」）謹此宣佈，本公司及其附 屬公司（「本集團」）截至二零二二年十二月三十一日止年度（「本年度」）之經審核綜合 財務業績如下： ...

Financial Performance - For the six months ended June 30, 2022, the company reported a revenue of HK$0, compared to HK$1,070,000 in the same period of 2021, indicating a significant decline[9]. - The gross profit for the period was HK$94,000, down from HK$323,000 in the previous year, reflecting a decrease of approximately 71.0%[9]. - The loss from operations was HK$14,784,000, an improvement from a loss of HK$20,941,000 in the prior year, showing a reduction of about 29.0%[9]. - The loss before tax was HK$14,871,000, compared to HK$21,136,000 in the same period last year, indicating a decrease of approximately 29.9%[9]. - The total comprehensive loss for the period was HK$7,514,000, compared to HK$4,551,000 in the previous year, representing an increase of about 65.0%[9]. - The loss attributable to owners of the company was HK$22,385,000, a slight improvement from HK$25,687,000 in the same period of 2021, reflecting a decrease of approximately 12.0%[9]. - Basic and diluted loss per share was HK$0.07, compared to HK$0.10 in the previous year, indicating a reduction of 30.0%[9]. - The company reported a total comprehensive loss of HK$22,330,000 for the six months ended June 30, 2022, compared to a loss of HK$25,685,000 for the same period in 2021, reflecting an improvement of about 13.8%[13]. - The Group reported a loss for the period of approximately HK$14,854,000, compared to a loss of approximately HK$21,120,000 in the same period of 2021, representing a decrease in loss of about 29%[50]. Cash Flow and Assets - The company reported a net cash used in operating activities of HK$7,256,000 for the six months ended June 30, 2022, compared to HK$10,156,000 for the same period in 2021, showing an improvement of approximately 28.5%[16]. - Cash and cash equivalents at the end of the period were HK$15,701,000, a decrease from HK$17,059,000 at the end of June 30, 2021, reflecting a decline of about 8.0%[16]. - As of June 30, 2022, the company's net assets decreased to HK$442,618,000 from HK$465,003,000 as of December 31, 2021, representing a decline of approximately 4.8%[11]. - The total equity attributable to owners of the company was HK$440,977,000 at June 30, 2022, down from HK$463,307,000 at December 31, 2021, indicating a decrease of about 4.8%[11]. - The Group's total liabilities were HK$217,395,000 as of June 30, 2022, compared to HK$209,751,000 at the end of 2021[35]. - The Group had an outstanding shareholder's loan of HK$122.2 million as of June 30, 2022, compared to HK$114.5 million as of December 31, 2021[109]. - The Group had no borrowings as of June 30, 2022[109]. - The Group's gearing ratio as of June 30, 2022, was approximately 49.12%, an increase from 45.11% as of December 31, 2021[109]. Strategic Initiatives - The company is focusing on enhancing its operational efficiency and exploring new market opportunities to drive future growth[7]. - The management is committed to ongoing research and development of new products and technologies to strengthen its market position[7]. - The company is evaluating potential strategic partnerships and acquisitions to expand its market presence and capabilities[7]. - The Group aims to improve battery quality and technology to capture the electric vehicle market[73]. - The Group is exploring strategic alliances and partnerships to enhance technology in high-performance electrical systems and battery technologies[73]. - The Group remains confident in the automotive market, particularly in the PRC, which is the world's largest automotive market[79]. - The Group's expertise in advanced battery technology may drive business growth and generate new revenue streams[79]. - The Board believes that collaboration opportunities in advanced battery technology will be beneficial for the Group's business development[79]. Employee and Operational Metrics - Staff costs, including directors' emoluments, decreased to HK$7,913,000 in 2022 from HK$9,848,000 in 2021, reflecting a reduction of approximately 20%[47]. - The Group had a total of approximately 50 employees as of June 30, 2022, down from 60 employees as of December 31, 2021[113]. - Total staff costs, including Director's remuneration, were approximately HK$7.9 million during the Period, down from approximately HK$9.8 million in the same period of 2021[113]. - The Group's lease interests decreased from HK$195,000 in 2021 to HK$87,000 in 2022, reflecting a decline of approximately 55%[39]. Shareholding and Corporate Governance - Sun East LLC holds 2,673,071,189 shares, representing 13.13% of the issued share capital as of June 30, 2022[87]. - The company has outstanding share options, with Feng Rui holding options for 10,000,000 shares at an exercise price of HK$0.108, expiring on September 5, 2023[95]. - The share option scheme currently in force was adopted on June 13, 2013, and allows for options to be granted to directors and employees[101]. - The percentage of shareholding is calculated based on the total shares issued and does not account for any shares that may be allotted upon the exercise of options[92]. - The company continues to monitor its share options and director holdings as part of its corporate governance strategy[95]. - The Company has confirmed compliance with the Model Code for Securities Transactions by Directors during the period[118]. Regulatory and Compliance Issues - The Company has been suspended from trading since April 1, 2021, and will remain suspended until further notice[133]. - The Company is required to remedy the issues causing its trading suspension and comply with the Listing Rules to the satisfaction of the Stock Exchange[129]. - The Stock Exchange has set a deadline of September 30, 2022, for the Company to address the issues or face potential delisting[126]. - The Company is consulting professional advisers to address the Stock Exchange's concerns and fulfill the requirements under the Resumption Guidance[131]. - The interim results for the Group for the period are unaudited and have been reviewed by the auditor[123].

Impact of COVID-19 - The prolonged COVID-19 pandemic has significantly impacted the automotive industry, affecting research and development progress due to remote working conditions[11]. - The Group faced unprecedented difficulties in raising capital during the pandemic, with delays in securing investments from Europe and the Middle East[13]. - The ongoing COVID-19 pandemic has significantly hindered business development, leading to stagnant revenue and gross profit for the year[60]. - The uncertain macro-economic environment has posed challenges to the Group's research and development progress[49]. - The ongoing COVID-19 pandemic may lead to further negative results, liquidity constraints, and asset impairments, although the exact impact remains uncertain[76]. - The arbitration process with XALT has faced delays due to changes in shareholding and management, as well as the impact of the COVID-19 pandemic[75]. - The Group's financial strength and resources have been prioritized in response to the challenges posed by the COVID-19 pandemic during the years ended 31 December 2020 and 2021[149]. Leadership and Management - Dr. Yeung Yung has been the executive director and chairman of the Group since November 1998, with over 20 years of experience in the automotive industry[22]. - Mr. Feng Rui, appointed as CEO on January 1, 2020, has approximately 30 years of experience in finance and corporate management[23]. - Dr. Wang Chuantao, with over 30 years in manufacturing engineering, was the Chief Die Engineer at General Motors before joining the Group[26]. - Mr. Liu Stephen Quan has over 15 years of experience in investment management and was a founder of several industrial companies in China and the US[26]. - Mr. Ting Kwok Kit, the Chief Financial Officer, has more than 15 years of experience in accounting, finance, and corporate management[29]. - Mr. Li Zhengshan has been responsible for corporate coordination and business development in China since 2003[28]. - The Group is focused on expanding its market presence and enhancing its corporate governance through experienced leadership[27]. - The company aims to leverage its management team's extensive experience to drive future growth and innovation in the automotive sector[27]. - The leadership team is committed to maintaining strong financial performance and operational efficiency[27]. Financial Performance - The Group's revenue for the year amounted to approximately HK$2.6 million, a decrease of 88.1% from HK$21.8 million in 2020[57]. - Gross profit for the year was approximately HK$1.0 million, compared to HK$0.18 million in 2020, indicating a significant increase in gross profit margin[57]. - The loss attributable to shareholders for the year was approximately HK$55.3 million, down from HK$100.8 million in 2020, reflecting a 45% reduction in losses[57]. - Administrative expenses decreased to approximately HK$46.1 million from HK$89.0 million in 2020, a reduction of 48.2%[57]. - As of December 31, 2021, the total equity of the Group amounted to approximately HK$465.0 million, down from HK$507.8 million as of December 31, 2020[87]. - The Group's gearing ratio as of December 31, 2021, was approximately 45.1%, an increase from 39.94% as of December 31, 2020[87]. - The net current assets of the Group were approximately HK$283.2 million as of December 31, 2021, compared to HK$316.9 million as of December 31, 2020[87]. - Cash and cash equivalents amounted to HK$16.4 million as of December 31, 2021, down from HK$35.4 million as of December 31, 2020[87]. - The Group incurred a loss of HK$55.3 million and an operating cash outflow of HK$22.7 million for the year, indicating material uncertainty regarding its ability to continue as a going concern[93]. Strategic Initiatives - The Group is committed to sourcing high-quality manufacturers and suppliers globally for its automotive innovations and products[13]. - There is a new wave of investment in clean energy, particularly in the US, which the Group aims to leverage for capital raising[17]. - The Group plans to double its efforts in 2022 to expand development opportunities and recover lost time during the pandemic[17]. - The Group's strategic direction includes exploring new technologies and products to remain competitive in the market[27]. - The Group is focusing on the development of new energy vehicles and advanced battery technology as a major trend for improving air quality and economic sustainability[63]. - The Group will continue to seek strategic investments and collaborations to strengthen supply chains and enhance production capacity[68]. Governance and Compliance - The company aims to enhance its governance structure through the contributions of its independent non-executive directors[34][36][37][38]. - The company is required to address the disclaimer of opinion from its auditor regarding its consolidated financial statements for the year ended December 31, 2020[80]. - The Stock Exchange has set a deadline of September 30, 2022, for the company to remedy issues causing its trading suspension, or face potential delisting[81]. - The company must comply with the Listing Rules to the satisfaction of the Stock Exchange before trading can resume[80]. - The company is committed to keeping shareholders informed of any material developments as they arise[76]. Investments and Joint Ventures - The Group's primary business includes the development and sale of battery management systems, high-tech electric motor vehicles, and advanced battery materials[46]. - The Group's automotive battery business has been operational since 2011, leveraging a team of experts with extensive experience in the automobile industry[46]. - The Company has contributed RMB360 million for its 18% equity interest in the Ningbo Joint Venture, which focuses on the R&D and production of batteries for new energy vehicles[103]. - The Group is contemplating the potential disposal of its interest in Ningbo Joint Venture for RMB360 million, which represents the total capital contribution made by the Group[107]. - The Group's investment in the Meilai Group represents a 5% equity interest, made at a consideration of RMB60 million[109]. Legal and Dispute Resolution - The company prioritizes preserving financial strength and resources, considering litigation as a last resort[77]. - The Group is actively seeking to re-engage with new management at XALT to resolve disputes amicably and expeditiously[78]. - The Company has engaged legal counsel to consider arbitration proceedings against XALT, although progress has been disrupted by changes in management[149]. - The Group has applied for an execution order against the Guarantors to enforce the Arbitration Award due to non-compliance[116]. - The Group's ability to recover the Compensation Payable is contingent upon the fulfillment of the Arbitration Award by the Guarantors[118].

HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公 司 (Stock Code 股份代號: 01188) nOx- Interim Report 中期報告 2021 Le Start and 正道集團有限公司 中期報告 2021 01 | --- | --- | |------------------------------------------------|------------------------------| | | | | Contents | 目錄 | | Corporate Information | 公司資料 | | Condensed Consolidated Statement of | 簡明綜合損益及其他全面收益表 | | Profit or Loss and Other Comprehensive Income | | | Condensed Consolidated Statement of | 簡明綜合財務狀況表 | | Financial Position | | | Condensed Consolidated Statement of ...

HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公 司 (Stock Code 股份代號: 01188) Annual Report nOx- 年報 2020 In a No. of Contents 目錄 | --- | --- | |-------------------------------------------------------------|----------| | | Contents | | | | | | 目錄 | | Corporate Information | 02 | | 公司資料 | | | Chairman's Statement | 04 | | 主席報告書 | | | Biographical Details of Directors and Senior Management | 06 | | 董事及高級管理層履歷詳情 | | | Directors' Report | 12 | | 董事會報告書 | | | Corporate Governance Report | 54 | | 企業管治報告書 | | | Independent ...

HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公 司 (Stock Code 股份代號: 01188) 2020 . Interim Report 中期報告 正道集團有限公司 中期報告 2020 01 | --- | --- | |-----------------------------------------------------------|------------------------------| | | | | Contents | 目錄 | | Corporate Information | 公司資料 | | Condensed Consolidated Statement of | 簡明綜合損益及其他全面收益表 | | Profit or Loss and Other Comprehensive Income | | | Condensed Consolidated Statement of | 簡明綜合財務狀況表 | | Financial Position | | | Condensed Consolidated Statement of | 簡明綜 ...

2019 ANNUAL REPORT 年 報 | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公 司 (Stock Code 股份代號: 01188) | | | | | Contents 目錄 | --- | --- | |------------------------------------------------------------------------------------|---------------| | | Contents 目錄 | | | | | | | | Corporate Information 公司 ...

Stock Code 殷份代號: 01188 HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公 司 . . . . . t a long the . .. Interim Report 2019 中期報告 -000- 正道集團有限公司 中期報告 2019 01 | --- | --- | |-----------------------------------------------------------|------------------------------| | | | | Contents | 目錄 | | Corporate Information | 公司資料 | | Condensed Consolidated Statement of | 簡明綜合損益及其他全面收益表 | | Profit or Loss and Other Comprehensive Income | | | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 | | | 簡明綜合權益變動表 | | C ...

HYBRID KINETIC GROUP LIMITED 正 道 集 團 有 限 公 司 Stock Code 殷份代號: 01188 Ed 119 111 Annual Report 2018 年報 -000- Contents 目錄 Contents 目錄 Corporate Information 02 公司資料 Chairman's Statement 04 主席報告書 Biographical Details of Directors and Senior Management 06 董事及高級管理層履歷詳情 Directors' Report 13 董事會報告書 Corporate Governance Report 53 企業管治報告書 Independent Auditor's Report 76 獨立核數師報告 Consolidated Statement of Profit or Loss and Other Comprehensive Income 83 綜合損益及其他全面收益表 Consolidated Statement of Financial Position 84 綜合財務狀況 ...