C-LINK SQUARED LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock code 股份代號：1463 ANNUAL REPORT 2024年報 CONTENTS 目錄 | | | PAGE | | --- | --- | --- | | | | 頁次 | | Financial Highlights | 財務摘要 | 2 | | Corporate Information | 公司資料 | 3 | | Chairman's Statement | 主席報告 | 6 | | Management Discussion and Analysis | 管理層討論及分析 | 10 | | Biographies of the Directors and Senior Management | 董事及高級管理層履歷 | 31 | | Directors' Report | 董事會報告 | 38 | | Corporate Governance Report | 企業管治報告 | 8 ...

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。 C-LINK SQUARED LIMITED （於開曼群島註冊成立的有限公司） （股份代號：1463） 截至2024年12月31日止年度 全年�績�告 財務摘要 1 • 截至2024年12月31日止年度的收益約為97.0百萬令吉特，較上一年度的約93.8 百萬令吉特增加約3.4%。 • 截至2024年12月31日止年度的毛利約為24.3百萬令吉特，較上一年度的約22.9 百萬令吉特增加約6.2%。 • 截至2024年12月31日止年度的本公司股權持有人應佔虧損約為21.4百萬令吉 特，虧損較上一年度的本公司股權持有人應佔虧損約4.2百萬令吉特增加約 17.2百萬令吉特。 • 截至2024年12月31日止年度的本公司股權持有人應佔每股基本虧損約為0.75 令吉特分，每股虧損由上一年度的約0.18令吉特分增加0.57令吉特分。 • 董事會不建議派付截至2024年12月31日止年度的末期股息（2023年：無末 ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|--------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|--------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | C-LINK SQUARED LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成 ...

Financial Performance - Revenue from customer contracts for the six months ended June 30, 2024, was RM 49,624,000, an increase of 6.1% compared to RM 45,861,000 for the same period in 2023[1] - Gross profit for the same period was RM 10,695,000, up 13.6% from RM 9,413,000 in 2023[1] - The company reported a profit before tax of RM 2,212,000, compared to a loss of RM 2,863,000 in the previous year[1] - Net profit for the period was RM 1,021,000, a significant recovery from a loss of RM 3,986,000 in the prior year[1] - Total comprehensive income for the period amounted to RM 457,000, compared to a loss of RM 2,609,000 in 2023[2] - Basic and diluted earnings per share for the period were RM 0.04, compared to a loss of RM 0.18 in the same period last year[2] - Total revenue for the six months ended June 30, 2024, was approximately MYR 49.6 million, compared to MYR 45.9 million for the same period in 2023, reflecting an increase in revenue[33] - Pre-tax profit turned to approximately RM 2.2 million from a pre-tax loss of RM 2.9 million in the previous period[45] - Net profit for the period was approximately RM 1.0 million, compared to a loss of RM 4.0 million in the previous period[47] Assets and Liabilities - Non-current assets increased to RM 22,939,000 as of June 30, 2024, from RM 20,728,000 at the end of 2023[3] - Current assets rose to RM 93,223,000, up from RM 68,877,000 at the end of 2023[3] - Total assets reached RM 338,254,000, compared to RM 103,620,000 at the end of 2023[4] - The company's equity increased to RM 316,321,000 from RM 85,838,000 at the end of 2023[4] - Total liabilities increased from 4,864 thousand MYR as of December 31, 2023, to 5,538 thousand MYR as of June 30, 2024[23] - Total loans and borrowings decreased by 18.7% to approximately RM 5.6 million as of June 30, 2024[49] - The capital debt ratio decreased to approximately 1.8% as of June 30, 2024, from 8.5% as of December 31, 2023, due to a reduction in bank loans from MYR 6.7 million to MYR 5.6 million[55] Revenue Breakdown - Revenue from Malaysia decreased to 34,446 thousand Ringgit for the six months ended June 30, 2024, down from 39,776 thousand Ringgit in 2023, a decline of 8.3%[10] - Revenue from China significantly increased to 13,765 thousand Ringgit in the first half of 2024, compared to 4,916 thousand Ringgit in the same period of 2023, marking a growth of 179.5%[10] - The top five customer groups contributed 59.3% of total revenue, with Bank Group A alone accounting for 21.3% or 10,573 thousand Ringgit[11] - Revenue from outsourced document management services decreased by 15.8% to approximately RM 32.2 million, accounting for about 65.0% of total revenue for the six months ended June 30, 2024[34] - Revenue from outsourced insurance risk analysis and marketing services increased to approximately RM 11.4 million, representing about 23.0% of total revenue, up from 9.7% in the previous period[35] - Revenue from enterprise software solutions rose by 36.2% to approximately RM 3.6 million, accounting for about 7.3% of total revenue[36] - Revenue from medical equipment and pharmaceutical product distribution increased to approximately RM 2.2 million, representing about 4.5% of total revenue[37] Employee and Management Costs - Employee costs for the six months ended June 30, 2024, were 5,606 thousand Ringgit, down from 10,627 thousand Ringgit in 2023, a reduction of 47.3%[16] - Total remuneration for key management personnel decreased from 5,970 thousand MYR in the six months ended June 30, 2023, to 554 thousand MYR in the same period of 2024[27] - Total salary costs for the six months ended June 30, 2024, were approximately MYR 5.6 million, down from MYR 10.6 million for the same period in 2023[61] Acquisitions and Investments - The company completed the acquisition of Shengji, gaining a comprehensive service platform for internet hospital and physical clinic services in China, enhancing its market presence[29] - The company issued 474,251,497 shares at an issue price of 1 MYR per share to acquire 100% of the issued shares of Shengji Investment Co., Ltd., amounting to approximately 1,580,838 MYR[25] - The group completed the acquisition of 100% of Shengji's issued shares for a total consideration of HKD 474,251,497 on January 26, 2024[57] - The group has not engaged in any significant investments or acquisitions other than the aforementioned acquisition during the six months ended June 30, 2024[57] Future Plans and Developments - The company plans to expand its data processing and technology capabilities by transforming an acquired building into a new data center and hiring external software developers for new applications[30] - The company aims to explore regional expansion opportunities in Malaysia, Singapore, Vietnam, and China to increase market share[30] - Future plans include developing advanced internet cloud technology and big data analytics for the insurance sector in China, with potential opportunities in health management and remote medical services[32] - The new data center in Malaysia, expected to be operational by the end of 2025, will enhance the company's document hosting capabilities and support its outsourcing services[30] - Approximately MYR 6.2 million (around HKD 12.0 million) has been invested in the design and project management of the new data center since 2020[31] Governance and Compliance - The audit committee, composed of three independent non-executive directors, has reviewed the interim financial information for the six months ending June 30, 2024[69] - The company has adhered to the corporate governance code, with no deviations reported for the six months ending June 30, 2024[68] - The company has maintained a prudent treasury policy and did not use any risk hedging instruments during the reporting period[53] Share Offering and Proceeds Utilization - The net unutilized proceeds from the share offering as of December 31, 2023, amount to approximately HKD 38.7 million[65] - 89.8% of the net proceeds are allocated to enhancing technical capabilities and developing other vertical/parallel market capabilities, with HKD 66.2 million planned for this purpose[64] - 76.7% of the net proceeds, equating to HKD 56.5 million, is designated for hiring external software development vendors and developing new applications within the software development plan[64] - The company plans to strengthen marketing efforts to acquire new customers, with 10.2% of the net proceeds (HKD 7.5 million) allocated for this initiative[64] - The actual amount utilized as of June 30, 2024, is HKD 36.0 million, with HKD 37.7 million expected to be utilized by the same date[64] - The company has not issued any securities to raise cash during the reporting period[66] Miscellaneous - The company has incorporated AI functionalities into its software development plan for existing and new applications[64] - The mid-term performance announcement will be published on the Hong Kong Stock Exchange and the company's website[70] - The mid-term report for the six months ending June 30, 2024, will be released at an appropriate time[70] - The board of directors is chaired by Ma Shengcong, who is also the executive director[70] - The executive directors include Ma Shengcong and Zhang Ying, while the non-executive directors are Ling Sheng Shyan and Dr. Wu Xianyi[70] - Independent non-executive directors include Yang Junhui, Qian Jian Guang, and Xie Yaozu[70]

CONTENTS 目錄 C-Link Squared Limited 2023 年報 1 財務摘要 C-Link Squared Limited Annual Report 2023 2 | --- | --- | --- | |----------------------------------------------------|-----------------------------------------------------|-------| | | | | | CORPORATE INFORMATION 公司資料 | | | | COMPANY SECRETARY | 公司秘書 | | | Ms. Chan Lok Yee (ACG HKACG) | 陳濼而女士 (ACG HKACG) | | | REGISTERED OFFICE | 註冊辦事處 | | | Windward 3, Regatta Office Park | Windward 3, Regatta Office Park | | | PO Box 1350 | PO Box 1350 | | | Grand Cayman K ...

於本公告日期，執行董事為馬生聰先生及張瑩女士；非執行董事為Ling Sheng Shyan 先生及吳賢毅博士；以及獨立非執行董事為曾建華博士、楊軍輝先生及錢劍光先 生。 3. 分部資料 就管理而言，本集團僅有一個可報告經營分部，即提供外判服務。由於這是本集團唯一的經營 分部，故並無呈列其進一步經營分部分析。 本集團來自外部客戶的收益主要來自其於馬來西亞、新加坡以及中國的業務，而於2023年12月 31日及2022年12月31日，本集團的非流動資產主要位於馬來西亞。 (a) 地域資料 | --- | --- | --- | |----------------------------|----------------------|-----------------------| | | 截至 12 月 \n2023 年 | 31 日止年度 \n2022 年 | | | 千令吉特 | 千令吉特 | | 地域市場 | | | | 馬來西亞 | 76,727 | 80,621 | | 新加坡 | 2,512 | 2,761 | | 中國 | 14,524 | 22,298 | | 來自與客戶訂立合約的總收益 | 93, ...

For the six months 未經審核簡明綜合全面收益表 For the six months ended 30 June 2023 截至2023年6月30日止六個月 UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 未經審核簡明綜合全面收益表 For the six months ended 30 June 2023 截至2023年6月30日止六個月 截至6月30日止六個月 2023 2022 2023年 2022年 Notes RM'000 RM'000 附註 千令吉特 千令吉特 (Unaudited) (Unaudited) （未經審核） （未經審核） (Restated) （經重列） 本集團地域資料呈列於附註4.1。 (b) 非流動資產 非流動資產並不包括遞延稅項資 產。 Representing % of total revenue Sales amount 佔總收益的 百分比 銷售額 RM'000 千令吉特 (Unaudited) (Unaudited) （未經審核） （未經審核） | --- | --- ...

1 C-Link Squared Limited（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（�稱「本集團」或「我們」）截至2023年6月30日止六個月（「報告期」）之未經審 核簡明綜合中期業績，連同2022年同期之比較數字如下： 未經審核簡明綜合全面收益表 截至2023年6月30日止六個月 未經審核簡明綜合財務狀況表 於2023年6月30日 34,147 32,289 資產總值 98,403 111,760 7,164 16,898 於自2023年1月1日起開始的會計期間，本集團已首次採納下列國際財務報告準則之修訂 本： 該等修訂對本集團於本期間或過往期間的業績及財務狀況並無重大影響。本集團尚未應 用於本會計期間尚未生效的任何其他新訂準則或詮釋。 6 | --- | --- | --- | |----------------------------------|--------------|-------------| | | 2023 年 | 2022 年 | | | 6 月 30 日 | 12 月 31 日 | | | 千令吉特 | 千令吉特 | | | （未經審核） | ...

We provided outsourced insurance risk analysis services and insurance marketing services to our customers in the insurance or insurance related industries in the PRC during the Reporting Period. 提供外判服務 於報告期內，我們向中國保險或保險相關行業 的客戶提供外判保險風險分析服務及保險營銷 服務。 Our revenue generated from the provision of outsourced insurance risk analysis services and insurance marketing services represented approximately 20.7% of the total revenue for the year ended 31 December 2022 (2021: approximately 22.9%) and amounted to approximat ...

－基本及攤薄（令吉特分） 10 (0.10) 0.34 財務資料附註 就管理而言，本集團僅有一個可報告經營分部，即提供外判服務。由於這是本集團唯一的經營 分部，故並無呈列其進一步經營分部分析。 定制軟件 | --- | --- | --- | --- | |---------------------|-------|--------------------|------------------| | | 附註 | 2022 年 千令吉特 | 2021 年 千令吉特 | | 應佔（虧損）╱溢利： | | | | | | | (807) | 2,726 | | 本公司擁有人 | | | | | 非控股權益 | | 1,087 | 1,819 | | | | | | | | | 280 | 4,545 | 資產總值 111,760 117,162 2.2 會計政策變動 4.1 收益分類資料 於2022年12月31日預期於一年以上確認的剩餘履約責任與將於兩年內或以上履行的企 業軟件解決方案有關（2021年：於兩年內或以上）。 C-LINK SQUARED LIMITED （於開曼群島註冊成立的有限公司） （股份代號： ...