Brightstar Technology Group Co., Ltd — Interim / Quarterly Report 2021

Apr 13, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness 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 announcement.

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IN TECHNICAL PRODUCTIONS HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8446)

ANNOUNCEMENT OF THIRD QUARTER RESULTS FOR THE NINE MONTHS ENDED 28 FEBRUARY 2021

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of In Technical Productions Holdings Limited (the ‘‘Company’’) is pleased to announce the unaudited results of the Company and its subsidiaries for the nine months ended 28 February 2021 (the ‘‘Period’’). This announcement, containing the full text of the third quarterly report of the Company for the Period, complies with the relevant requirements of the Rules (the ‘‘GEM Listing Rules’’) Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) in relation to information to accompany preliminary announcement of third quarter results for the Period. Printed version of the Company’s third quarterly report for the Period will be despatched to the shareholders of the Company and available for viewing on the GEM website at www.hkgem.com and the Company’s website at www.intechproductions.com on or before 14 April 2021.

By order of the Board In Technical Productions Holdings Limited Yeung Ho Ting Dennis Chairman and Executive Director

Hong Kong, 13 April 2021

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Yeung Ho Ting Dennis and Mr. Tam Chun Yu; and three independent non-executive Directors, namely, Mr. Li Kai Sing, Mr. Ma Tsz Chun and Ms. Loh Lai Ping Phillis.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement 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 announcement misleading.

This announcement will remain on the ‘‘Latest Company Announcements’’ page of the GEM website (www.hkgem.com) for at least seven days from the date of its posting and on the Company’s website (www.intechproductions.com).

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG 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 such 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 the Main Board 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 completeness 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 ”) of In Technical Productions Holdings Limited (the “ Company ”) collectively and individually accept full responsibilities, 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 and its subsidiaries (together the “ Group ”). The Directors, having made all reasonable enquiries, confirm 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.

香港聯合交易所有限公 司（「聯交所」）GEM 之特 色

GEM 乃為較於聯交所上市的其他公司 帶有更高投資風險的中小型公司提供 上市的市場。潛在投資者應了解投資 於該等公司的潛在風險，並應經過審 慎周詳的考慮後方作出投資決定。

由於在 GEM 上市之公司一般為中小型 公司，在 GEM 買賣的證券可能會較於 主板買賣的證券承受較大的市場波動 風險，同時亦無法保證在 GEM 買賣的 證券會有高流通量之市場。

香港交易及結算所有限公司及聯交所 對本報告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明 確表示概不就因本報告全部或任何部 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。

本報告載有遵照聯交所GEM證券上 市規則（「 GEM上市規則 」）而提供有關 In Technical Productions Holdings Limited （「 本公司 」）及其附屬公司（統稱「 本集 團 」）的資料；本公司董事（「 董事 」）就 本報告共同及個別承擔全部責任。董 事在作出一切合理查詢後確認，就彼 等所深知及確信，本報告所載資料在 各重大方面均屬準確及完整，並無誤 導或欺詐成分，且並無遺漏任何其他 事宜，致使當中任何陳述或本報告產 生誤導。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

FINANCIAL HIGHLIGHTS

財務概要

		Nine months ended 28 February 2021 Nine months ended 29 February 2020	Change
		截至 二零二一年 二月二十八日 止九個月 截至 二零二零年 二月二十九日 止九個月 HK$’000 HK$’000 千港元 千港元 (unaudited) (unaudited) （未經審核） （未經審核）	變動
Revenue	收益	5,769 45,619	(87.4)%
Gross (loss)/profit	毛（損）╱利	(17,759) 12,060	(247.3)%
Loss for the period	期內虧損	(27,573) (9,361)	(194.6)%
Loss per share (HK Cents)	每股虧損（港仙）	(3.45) (1.16)	(197.4)%

• The Group recorded an unaudited revenue of approximately HK$5.8 million for the nine months ended 28 February 2021, representing a decrease of approximately 87.4% as compared with that for the corresponding period in 2020.

• 截至二零二一年二月二十八日 止九個月，本集團錄得未經審 核收益約 5.8 百萬港元，較二零 二零年同期減少約87.4%。

• The Group’s unaudited loss was approximately HK$27.6 million for the nine months ended 28 February 2021, as compared with approximately HK$9.4 million for the corresponding period in 2020. The increase in loss for the nine months ended 28 February 2021 was primarily attributable to (i) the cancellation, postponement or reschedule of shows and events resulting from the closure of venue and related epidemic prevention measures; and (ii) the decrease of gross profit which was mainly due to the depreciation of equipment and direct labour cost.

• 截至二零二一年二月二十八日 止九個月，本集團未經審核虧 損約為27.6百萬港元，而二零二 零年同期則約為 9.4 百萬港元。 截至二零二一年二月二十八日 止九個月之虧損增加主要是 由於 (i) 場館關閉及相關防疫措 施導致演出及活動被取消、延 期或改期；及 (ii) 主要因設備折 舊及直接勞工成本導致的毛利 減少。

• The Board does not recommend the payment of dividend for the nine months ended 28 February 2021.

• 董事會不建議派付截至二零二 一年二月二十八日止九個月之 股息。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

UNAUDITED CONDENSED CONSOLIDATED THIRD QUARTER RESULTS FOR THE NINE MONTHS ENDED 28 February 2021

截至二零二一年二月二 十八日止九個月之未經 審核簡明綜合第三季度 業績

The board of Directors (the “ Board ”) of the Company is pleased to announce the unaudited condensed consolidated third quarter results of the Company and its subsidiaries (collectively referred to as the “ Group ”) for the three months and nine months ended 28 February 2021 together with the comparative unaudited figures of the corresponding periods in 2020, as follows:

本公司董事會（「 董事會 」）欣然宣佈截 至二零二一年二月二十八日止三個月 及九個月之本公司及其附屬公司（統 稱「 本集團 」）未經審核簡明綜合第三季 度業績，連同二零二零年同期之未經 審核比較數字如下：

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

未經審核簡明綜合損益及 其他全面收益表

			Three months Three months Nine months	Nine months
			ended ended ended	ended
			28 February 29 February 28 February	29 February
			2021 2020 2021	2020
			截至 截至 截至	截至
			二零二一年 二零二零年 二零二一年	二零二零年
			二月二十八日 二月二十九日 二月二十八日	二月二十九日
			止三個月 止三個月 止九個月	止九個月
		Note	HK$’000 HK$’000 HK$’000	HK$’000
		附註	千港元 千港元 千港元	千港元
			(Unaudited) (Unaudited) (Unaudited)	(Unaudited)
			（未經審核） （未經審核） （未經審核）	（未經審核）
Revenue	收益	4	2,391 12,147 5,769	45,619
Cost of services	服務成本		(7,676) (10,825) (23,528)	(33,559)
Gross (loss)/profit	毛（損）╱利		(5,285) 1,322 (17,759)	12,060
Other income	其他收入		149 66 159	260
Other gains and losses, net	其他收益及虧損淨額		2 2 83	92
Administrative expenses	行政開支		(3,606) (4,963) (9,628)	(21,568)
Operating loss	經營虧損		(8,740) (3,573) (27,145)	(9,156)
Finance income	財務收入		1 11 2	210
Finance costs	財務成本		(147) (116) (430)	(399)
Finance (costs)/income, net	財務（成本）╱收入淨額		(146) (105) (428)	(189)

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

		Three months Three months Nine months	Nine months
		ended ended ended	ended
		28 February 29 February 28 February	29 February
		2021 2020 2021	2020
		截至 截至 截至	截至
		二零二一年 二零二零年 二零二一年	二零二零年
		二月二十八日 二月二十九日 二月二十八日	二月二十九日
		止三個月 止三個月 止九個月	止九個月
		Note HK$’000 HK$’000 HK$’000	HK$’000
		附註 千港元 千港元 千港元	千港元
		(Unaudited) (Unaudited) (Unaudited)	(Unaudited)
		（未經審核） （未經審核） （未經審核）	（未經審核）
Loss before income tax	所得稅前虧損	(8,886) (3,678) (27,573)	(9,345)
Income tax expense	所得稅開支	5 — 1 —	(16)
Loss for the period	期內虧損	(8,886) (3,677) (27,573)	(9,361)
Attributable to:	以下人士應佔：
— Owners of the Company	—本公司擁有人	(8,854) (3,630) (27,567)	(9,316)
— Non-controlling interests	—非控股權益	(32) (47) (6)	(45)
		(8,886) (3,677) (27,573)	(9,361)
Other comprehensive expenses:	其他全面開支：
Item that may be subsequently	其後可能重新分類至
reclassified to profit or loss	損益的項目
— Exchange difference on	—換算海外業務之
translation of foreign	匯兌差額
operations		— — —	—
Total comprehensive expenses	期間全面開支總額
for the period		(8,886) (3,677) (27,573)	(9,361)
Attributable to:	以下人士應佔：
— Owners of the Company	—本公司擁有人	(8,854) (3,630) (27,567)	(9,316)
— Non-controlling interests	—非控股權益	(32) (47) (6)	(45)
		(8,886) (3,677) (27,573)	(9,361)
Loss per share attributable to	本公司擁有人應佔
the owners of the Company	每股虧損
Basic and diluted (HK cents)	基本及攤薄（港仙）	7 (1.11) (0.45) (3.45)	(1.16)

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the nine months ended 28 February 2021

未經審核簡明綜合權益變 動表

截至二零二一年二月二十八日止九個月

	Attributable to owners of the Company 本公司擁有人應佔 Share capital Share premium Capital reserve Exchange reserve Statutory reserve Retained earnings Total Non- controlling interests Total equity 股本 股份溢價 資本儲備 匯兌儲備 法定儲備 保留盈利 總計 非控股 權益 權益總額 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) （未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核） 8,000 56,497 774 252 332 64,050 129,905 (242) 129,663 — — — — — (9,316) (9,316) (45) (9,361) — — — — — (9,316) (9,316) (45) (9,361) 8,000 56,497 774 252 332 54,734 120,589 (287) 120,302 8,000 56,497 774 199 332 39,793 105,595 (294) 105,301 — — — — — (27,567) (27,567) (6) (27,573) — — — — — (27,567) (27,567) (6) (27,573)
Balance at 1 June 2019 於二零一九年 六月一日的結餘 Loss for the period 期內虧損
Total comprehensive expense 全面開支總額
Balance at 29 February 2020 於二零二零年 二月二十九日 的結餘
Balance at 1 June 2020 於二零二零年 六月一日的結餘 Loss for the period 期內虧損
Total comprehensive expense 全面開支總額
Balance at 28 February 2021 於二零二一年 二月二十八日 的結餘	8,000 56,497 774 199 332 12,226 78,028 (300) 77,728

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the nine months ended 28 February 2021

1. GENERAL INFORMATION

In Technical Productions Holdings Limited (the “ Company ”) was incorporated in the Cayman Islands on 4 November 2016 as an exempted company with limited liability under the Companies Law (as revised) of the Cayman Islands, as amended, supplemented or otherwise modified from time to time. The address of its registered office is Windward 3, Regatta Office Park, P.O. Box 1350, Grand Cayman, KY1-1008 Cayman Islands.

The Company is an investment holding company. The Company and its subsidiaries (together the “ Group ”) are principally engaged in the provision of visual display solution services for concerts and events primarily in Hong Kong, Macau, and the People’s Republic of China (the “ PRC ”) (the “ Business ”).

The Company’s shares (the “ Shares ”) were listed on GEM of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) (the “ Listing ”) on 14 June 2017 (the “ Listing Date ”).

The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (“ HK$ ”), unless otherwise stated.

未經審核簡明綜合財務 報表附註

截至二零二一年二月二十八日止九個月

1. 一般資料

In Technical Productions Holdings Limited（「 本公司 」）於二零一六年 十一月四日根據開曼群島公司 法（經修訂）（經不時修訂、補充 或以其他方式修改）在開曼群島 註冊成立為獲豁免有限公司。 其註冊辦事處地址為 Windward 3, Regatta Office Park, P.O. Box 1350, Grand Cayman, KY1-1008 Cayman Islands。

本公司為一間投資控股公司。 本公司及其附屬公司（統稱「 本 集團 」）主要從事為香港、澳門 及中華人民共和國（「 中國 」）的 演唱會及活動提供視象顯示解 決方案服務（「 業務 」）。

本公司股份（「 股份 」）於二零一 七年六月十四日（「 上市日期 」） 於香港聯合交易所有限公司 （「 聯交所 」）GEM上市（「 上市 」）。

除另有註明外，未經審核簡明 綜合財務報表以港元（「 港元 」） 列示。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

2. BASIS OF PREPARATION

The unaudited condensed consolidated financial information of the Group for the nine months ended 28 February 2021 has been prepared in accordance with accounting policies conform with Hong Kong Financial Reporting Standards (“ HKFRSs ”) issued by the Hong Kong Institute of Certified Public Accountants (“ HKICPA ”) applicable to interim periods and the applicable disclosure provisions of the GEM Listing Rules. However, the unaudited condensed consolidated financial information does not contain sufficient information to constitute an interim financial report as defined in HKFRSs. The unaudited condensed consolidated financial information should be read in conjunction with the consolidated financial statements of the Group for the year ended 31 May 2020 included in the annual report of the Company dated 27 August 2020, which have been prepared in accordance with HKFRSs issued by the HKICPA.

The unaudited condensed consolidated financial statements have been prepared on the historical cost basis.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies that have been used in the preparation of these unaudited condensed consolidated financial information are consistent with those followed in the preparation of the Group’s consolidated financial statements for the year ended 31 May 2020.

2. 編製基準

本集團截至二零二一年二月二 十八日止九個月的未經審核簡 明綜合財務資料乃根據符合香 港會計師公會（「 香港會計師公 會 」）所頒佈適用於中期期間的 香港財務報告準則（「 香港財務 報告準則 」）的會計政策及 GEM 上市規則的適用披露條文編 製。然而，未經審核簡明綜合 財務資料並無載有足夠資料以 構成香港財務報告準則界定的 中期財務報告。未經審核簡明 綜合財務資料須與本公司日期 為二零二零年八月二十七日之 年報所載本集團截至二零二零 年五月三十一日止年度之綜合 財務報表一併閱讀，該等綜合 財務報表乃根據香港會計師公 會頒佈的香港財務報告準則而 編製。

未經審核簡明綜合財務報表乃 按歷史成本基準編製。

3. 主要會計政策概要

編製該等未經審核簡明綜合財 務資料所採納主要會計政策與 編製本集團截至二零二零年五 月三十一日止年度之綜合財務 報表所遵循者一致。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

The Group has adopted and applied the following new standards, amendments to standards and interpretations that have been issued and effective for the accounting periods beginning on 1 June 2020:

3.1 Adoption of new or revised HKFRSs and HKASs

New standards, amendments and interpretations to existing standards are adopted by the Group. The HKICPA has issued the following new and amended standards and interpretations that become first effective for the current accounting period and relevant to the Group:

Amendment to HKFRS 16 COVID19-related Rent Concessions

The impact of adoption of Amendment to HKFRS 16 is disclosed in Note 3.2 below.

3.2 Changes in accounting policies upon adoption of new HKFRS

Amendments to HKFRS 16 — COVID-19-Related Rent Concessions

The amendments allow, as a practical expedient, a lessee elect not to assess whether a rent concession that meets the conditions below is a lease modification.

本集團已採納並應用以下已頒 佈並於二零二零年六月一日開 始之會計期間生效的新準則、 準則修訂本及詮釋：

3.1 採納新訂或經修訂 香港財務報告準則 及香港會計準則

本集團已採納新準則以 及現有準則的修訂本及 詮釋。香港會計師公會已 頒佈以下於本會計期間 首次生效且與本集團相 關的新訂以及經修訂準 則及詮釋：

香港財務報告準則 第 16 號（修訂本）與 COVID-19有關的租金 優惠

採納香港財務報告準則 第 16 號（修訂本）的影響 於下文附註3.2披露。

3.2 採納新香港財務報 告準則後的會計政 策變動

香港財務報告準則第 16 號（修訂本）[—] 與 COVID-19有關的租金 優惠

此修訂本容許，作為可行 權宜方法，承租人選擇 不評估符合以下條件的 租金優惠是否屬於租賃 修訂。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

A lessee that makes this election shall account for any change in lease payments resulting from the rent concession the same way it would account for the change applying HKFRS 16 if the change were not a lease modification.

The practical expedient applies only to rent concessions occurring as a direct consequence of the COVID-19 pandemic and only if all of the following conditions are met: (i) the change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change; (ii) any reduction in lease payments affects only payments originally due on or before 30 June 2021 (for example, a rent concession would meet this condition if it results in reduced lease payments on or before 30 June 2021 and increased lease payments that extend beyond 30 June 2021); and (iii) there is no substantive change to other terms and conditions of the lease.

The Group has applied the practical expedient to all rent concessions that meet the conditions specified in the Amendments. During the period ended 28 February 2021, the Group recognised HK$45,354 as negative variable lease payments in the consolidated statement of profit or loss for the COVID-19-related rent concessions provided by lessors.

承租人作出此選擇後，應 對租金優惠產生的租賃 付款的任何變動入賬，方 法與如該變動並非租賃 修改而對應用香港財務 報告準則第 16 號的變動 的入賬方法相同。

此可行權宜方法僅在滿 足以下所有條件的情 況下，才能應用於由於 COVID-19 疫情的直接影 響而產生的租金優惠：(i) 租賃付款的變動導致租 賃的代價修訂，與緊接變 動前的租賃代價大致相 同或低於該代價；(ii) 租賃 付款的任何減少僅影響 原於二零二一年六月三 十日或之前到期的付款 （例如，倘租金優惠導致 二零二一年六月三十日 或之前的租賃付款減少 及二零二一年六月三十 日之後的租賃付款增加 則其滿足該條件）；及 (iii) 租賃的其他條款及條件 並無實質性變動。

本集團已對所有符合修 訂所列明條件的租金優 惠應用可行權宜方法。截 至二零二一年二月二十 八日止期間，本集團於綜 合損益表中就出租人提 供與 COVID-19 有關的租 金優惠確認45,354 港元的 負可變租賃付款。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

4. REVENUE

4. 收益

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the amount of revenue can be measured reliably. Revenue from visual display solution services is recognised after each show or event of a project is performed, while revenue from equipment rental is recognised on a straightline basis over the term of the lease.

收益於以下情況下得到確認， 即經濟利益將流入本集團及能 夠可靠地計量收益金額。視像 顯示解決方案服務收益於每個 項目的演出或活動執行之後被 確認，而設備租賃收益於租約 期內以直線法確認。

An analysis of the Group’s revenue for the reporting period is as follows:

於報告期內本集團收益分析 如下：

		Three months ended 28 February 2021 Three months ended 29 February 2020 Nine months ended 28 February 2021 Nine months ended 29 February 2020 截至 二零二一年 二月二十八日 止三個月 截至 二零二零年 二月二十九日 止三個月 截至 二零二一年 二月二十八日 止九個月 截至 二零二零年 二月二十九日 止九個月
		HK$’000 HK$’000 HK$’000 HK$’000 千港元 千港元 千港元 千港元
Revenue from visual display	視像顯示解決方
solution services	案服務收益	2,351 11,985 5,713 45,307
Equipment rental income	設備租賃收入	40 162 56 312
		2,391 12,147 5,769 45,619

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

5. INCOME TAX EXPENSE

Pursuant to the enactment of two-tiered profit tax rates issued by the Inland Revenue Department (“ IRD ”) from the year of assessment 2018/19 onwards, the Group’s first HK$2 million of assessable profits under Hong Kong profits tax for the nine months ended 28 February 2021 is subject to a tax rate of 8.25%, while the remaining assessable profits are subject to a tax rate of 16.5%. Hong Kong profits tax has been provided for at the rate of 16.5% on the estimated assessable profits for the nine months ended 28 February 2021.

All PRC subsidiaries of the Company are subject to the PRC Enterprise Income Tax at the rate of 25.0% for the nine months ended 28 February 2021 and 29 February 2020.

The Macau subsidiary of the Company was subject to Macau complementary tax at the rate of 12.0% on the estimated assessable income exceeding MOP600,000 for the nine months ended 28 February 2021.

5. 所得稅開支

根據稅務局（「 稅務局 」）自二零 一八╱一九課稅年度起頒佈的 兩級制利得稅稅率，本集團截 至二零二一年二月二十八日止 九個月按香港利得稅制制定的 首個 2 百萬港元應課稅溢利，應 以稅率 8.25% 計算，而剩餘應課 稅溢利稅率為 16.5%。截至二零 二一年二月二十八日止九個月 的估計應課稅溢利按香港利得 稅率16.5%計提撥備。

截至二零二一年二月二十八日 及二零二零年二月二十九日止 九個月，本公司所有中國附屬 公司須按 25.0% 稅率繳納中國 企業所得稅。

截至二零二一年二月二十八日 止九個月本公司之澳門附屬公 司估計應課稅收入超過澳門幣 600,000 元的部分須按 12.0% 稅 率繳納澳門所得補充稅。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

The amounts of taxation charged/(credited) to profit and loss represent:

自損益扣除╱（計入）的稅項金 額指：

		Three months Three months Nine months	Nine months
		ended ended ended	ended
		28 February 29 February 28 February	29 February
		2021 2020 2021	2020
		截至 截至 截至	截至
		二零二一年 二零二零年 二零二一年	二零二零年
		二月二十八日 二月二十九日 二月二十八日	二月二十九日
		止三個月 止三個月 止九個月	止九個月
		HK$’000 HK$’000 HK$’000	HK$’000
		千港元 千港元 千港元	千港元
		(Unaudited) (Unaudited) (Unaudited)	(Unaudited)
		（未經審核）（未經審核）（未經審核）（未經審核）
Current income tax:	即期所得稅：
Hong Kong profits tax	香港利得稅	— — —	—
PRC enterprise income tax	中國企業所得稅	— 1 —	(16)
Macau complementary tax	澳門所得補充稅	— — —	—
		— 1 —	(16)

6. DIVIDENDS

6. 股息

The Directors do not recommend the payment of dividend for the nine months ended 28 February 2021 (nine months ended 29 February 2020: Nil).

董事不建議派付截至二零二一 年二月二十八日止九個月的股 息（截至二零二零年二月二十九 日止九個月：零）。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

7. LOSS PER SHARE

7. 每股虧損

For the three months and nine months ended 28 February 2021 and the same corresponding periods in 2020, the basic loss per Share is calculated based on (i) the loss attributable to owners of the Company and (ii) the weighted average number of Shares issued during the period.

截至二零二一年二月二十八日 止三個月及九個月及二零二零 年同期，每股基本虧損乃按 (i) 本 公司擁有人應佔虧損及 (ii) 期內 已發行股份之加權平均數計算。

		Three months ended 28 February 2021 Three months ended 29 February 2020 Nine months ended 28 February 2021 Nine months ended 29 February 2020 截至 二零二一年 二月二十八日 止三個月 截至 二零二零年 二月二十九日 止三個月 截至 二零二一年 二月二十八日 止九個月 截至 二零二零年 二月二十九日 止九個月 (Unaudited) (Unaudited) (Unaudited) (Unaudited) （未經審核）（未經審核）（未經審核）（未經審核）
Loss attributable to owners 本公司擁有人
of the Company (HK$’000)	應佔虧損
	（千港元）	(8,854) (3,630) (27,567) (9,316)
Weighted average number 已發行普通股之
of ordinary Shares in issue	加權平均數
(thousand Shares)	（千股）	800,000 800,000 800,000 800,000
Loss per Share (HK cents) 每股虧損（港仙） (1.11) (0.45) (3.45) (1.16)

Diluted loss per Share were same as the basic loss per Share as there were no potential dilutive Shares in existence during the reporting period.

每股攤薄虧損與每股基本虧損 相同，因為於報告期內並無存 在潛在的攤薄股份。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

MANAGEMENT DISCUSSION AND ANALYSIS

BUSINESS REVIEW

The Group is principally engaged in the provision of visual display solution services.

During the nine months ended 28 February 2021, the Group was engaged in 46 pop concert shows for Hong Kong and non-Hong Kong artists/bands (nine months ended 29 February 2020: 295). The Group derived approximately 28.6% of its total revenue during the nine months ended 28 February 2021 from pop concerts (nine months ended 29 February 2020: approximately 65.5%), the majority of which took place in Hong Kong, the PRC and Macau. The remainder of the Group’s revenue was attributable to other live events, including corporate events, exhibitions, sports and recreational events and other live performances, as well as equipment rental.

FINANCIAL REVIEW

Revenue

The Group generates revenue from providing (i) visual display solutions to its customers in relation to pop concert shows and various other live events; and (ii) equipment rental.

管理層討論及分析

業務回顧

本集團主要從事提供視像顯示解決方 案服務。

截至二零二一年二月二十八日止九個 月，本集團為香港及非香港藝人╱樂 隊舉行了 46 場流行音樂會（截至二零 二零年二月二十九日止九個月：295 場）。截至二零二一年二月二十八日止 九個月，本集團總收益約 28.6% 來自 流行音樂會（截至二零二零年二月二 十九日止九個月：約 65.5%），大部分 在香港、中國及澳門進行。本集團餘 下的收益則來自企業活動、展覽、體 育及休閒活動以及其他現場表演等其 他現場活動以及設備租賃。

財務回顧

收益

本集團從 (i) 為與流行音樂會及多種其 他現場活動相關之客戶提供視像顯示 解決方案；及(ii)設備租賃產生收益。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

The following table sets out a breakdown of the Group’s revenue by source of income during the nine months ended 28 February 2021 with the comparative figures for the nine months ended 29 February 2020:

下表載列於截至二零二一年二月二十 八日止九個月本集團按收入來源劃分 的收益明細及截至二零二零年二月二 十九日止九個月之比較數字：

	Nine months ended	Nine months ended	Nine months ended
	28 February 2021	29 February 2020
	截至二零二一年	截至二零二零年
	二月二十八日止九個月	二月二十九日止九個月
	% of total		% of total
	HK$’000 revenue	HK$’000	revenue
	佔收益		佔收益
	總額的		總額的
	千港元 百分比	千港元	百分比
Visual display solutions	視像顯示解決方案 5,713 99.0	45,307	99.3
Equipment rental	設備租賃 56 1.0	312	0.7
Total	總計 5,769 100.0	45,619	100.0

During the nine months ended 28 February 2021, the Group principally derived its revenue from the provision of visual display solutions. The Group’s revenue decreased by approximately 87.4% from approximately HK$45.6 million for the nine months ended 29 February 2020 to approximately HK$5.8 million for the nine months ended 28 February 2021.

截至二零二一年二月二十八日止九個 月，本集團收益主要來自提供視像顯 示解決方案。本集團收益由截至二零 二零年二月二十九日止九個月約 45.6 百萬港元減少約 87.4% 至截至二零二 一年二月二十八日止九個月約5.8 百萬 港元。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

Visual display solutions

The following table sets out a breakdown of the Group’s revenue from visual display solutions during the nine months ended 28 February 2021 with the comparative figures for the nine months ended 29 February 2020. For the purpose of revenue breakdown presentation, other live events include corporate events, sports and recreation events, exhibitions and other live performances.

視像顯示解決方案

下表載列截至二零二一年二月二十八 日止九個月本集團來自視像顯示解決 方案之收益明細及截至二零二零年二 月二十九日止九個月之比較數字。就 呈列收益明細而言，其他現場活動包 括企業活動、體育及娛樂活動、展覽 及其他現場表演。

		Nine months ended 28 February 2021	Nine	months ended 29 February 2020	months ended 29 February 2020	months ended 29 February 2020
		截至二零二一年二月二十八日止九個月	截至二零二零年二月二十九日止九個月
		% of total			% of total
		revenue			revenue
		from visual Average			from visual	Average
		No. of display revenue	No. of		display	revenue
		shows Revenue solutions per show 佔視像顯示	shows	Revenue	solutions 佔視像顯示	per show
		解決方案 每場			解決方案	每場
		總收益的 演出的			總收益的	演出的
		演出數目 收益 百分比 平均收益	演出數目	收益	百分比	平均收益
		(HK$’000) (HK$’000)		(HK$’000)		(HK$’000)
		（千港元） （千港元）		（千港元）		（千港元）
Pop concerts	流行音樂會	46 1,636 28.6 36	295	29,859	65.9	101
Other live events	其他現場活動	877 4,077 71.4 5	541	15,448	34.1	29
Total revenue from	來自視像顯示
visual display	解決方案之
solutions	總收益	923 5,713 100.0 6	836	45,307	100.0	54

The decrease in revenue from pop concerts was mainly attributable to the decrease in the number of pop concert shows undertaken by the Group from 295 for the nine months ended 29 February 2020 to 46 for the nine months ended 28 February 2021. The average revenue per show for pop concerts was decreased from approximately HK$101,000 for the nine months ended 29 February 2020 to approximately HK$36,000 for the nine months ended 28 February 2021.

來自流行音樂會的收益減少主要是由 於本集團所承接流行音樂會的數目由 截至二零二零年二月二十九日止九個 月的 295 場減少至截至二零二一年二 月二十八日止九個月的 46 場。流行音 樂會的每場演出平均收益由截至二 零二零年二月二十九日止九個月約 101,000港元減少至截至二零二一年二 月二十八日止九個月約36,000港元。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

The decrease in revenue from other live events was mainly attributable to the average revenue per show for other live events was decrease from approximately HK$29,000 for the nine months ended 29 February 2020 to approximately HK$5,000 for the nine months ended 28 February 2021 because the Group undertook more relatively low cost long term rental project for shopping mall in Hong Kong for the nine months ended 28 February 2021. However, the number of other live events undertaken by the Group was increased from 541 for the nine months ended 29 February 2020 to 877 for the nine months ended 28 February 2021.

來自其他現場活動收益減少主要由於 其他現場活動的每場演出平均收益由 截至二零二零年二月二十九日止九個 月約 29,000 港元減少至截至二零二一 年二月二十八日止九個月約 5,000 港 元，此乃由於本集團於截至二零二一 年二月二十八日止九個月於香港承接 較多成本相對較低的購物商場長期租 賃項目。然而，本集團承接的其他現 場活動數目由截至二零二零年二月二 十九日止九個月的 541 場增加至截至 二零二一年二月二十八日止九個月的 877場。

Revenue analysis by geographical location

按地理位置劃分的收益分析

The following table sets out a breakdown of the revenue of the Group from pop concerts by geographical location during the nine months ended 28 February 2021 with comparative figures for the nine months ended 29 February 2020:

下表載列截至二零二一年二月二十八 日止九個月本集團按地理位置劃分 的流行音樂會的收益明細及截至二零 二零年二月二十九日止九個月之比較 數字：

		Nine months ended 28 February 2021	Nine	months ended 29 February 2020	months ended 29 February 2020	months ended 29 February 2020
		截至二零二一年二月二十八日止九個月	截至二零二零年二月二十九日止九個月
		% of total			% of total
		revenue Average			revenue	Average
		No. of from pop revenue	No. of		from pop	revenue
		shows Revenue concerts per show 佔流行音樂	shows	Revenue	concerts 佔流行音樂	per show
		會總收益的 每場演出的			會總收益的	每場演出的
		演出數目 收益 百分比 平均收益	演出數目	收益	百分比	平均收益
		(HK$’000) (HK$’000)		(HK$’000)		(HK$’000)
		（千港元） （千港元）		（千港元）		（千港元）
Pop concerts	流行音樂會
Hong Kong	香港	27 888 54.3 33	107	10,322	34.6	96
PRC	中國	6 364 22.2 61	114	13,856	46.4	121
Macau	澳門	3 103 6.3 34	37	4,801	16.1	130
Taiwan	台灣	10 281 17.2 28	5	495	1.6	99
Others	其他	— — — —	32	385	1.3	12
Total revenue from	來自流行音樂會
pop concerts	之總收益	46 1,636 100 36	295	29,859	100.0	101

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

The following table sets out a breakdown of the revenue of the Group from other live events by geographical location during the nine months ended 28 February 2021 with comparative figures for the nine months ended 29 February 2020:

下表載列截至二零二一年二月二十八 日止九個月本集團按地理位置劃分的 其他現場活動的收益明細及截至二零 二零年二月二十九日止九個月之比較 數字：

		Nine months ended 28 February 2021	Nine	months ended 29 February 2020	months ended 29 February 2020	months ended 29 February 2020
		截至二零二一年二月二十八日止九個月	截至二零二零年二月二十九日止九個月
		% of total			% of total
		revenue Average			revenue	Average
		No. of from other revenue	No. of		from other	revenue
		shows Revenue live events per show 佔其他	shows	Revenue	live events 佔其他	per show
		現場活動			現場活動
		總收益的 每場演出的			總收益的	每場演出的
		演出數目 收益 百分比 平均收益	演出數目	收益	百分比	平均收益
		(HK$’000) (HK$’000)		(HK$’000)		(HK$’000)
		（千港元） （千港元）		（千港元）		（千港元）
Other live events	其他現場活動
Hong Kong	香港	824 1,989 48.8 2	358	7,306	47.3	20
PRC	中國	48 1,901 46.6 40	4	654	4.2	163
Macau	澳門	5 187 4.6 37	179	7,488	48.5	42
Total revenue from	來自其他現場活
other live events	動之總收益	877 4,077 100.0 5	541	15,448	100.0	29

Gross (loss)/profit and gross (loss)/profit margin

The gross loss of the Group for the nine months ended 28 February 2021 amounted to approximately HK$17.8 million (gross profit for nine months ended 29 February 2020: approximately HK$12.1 million), representing a gross loss margin of approximately 308% (gross profit margin for nine months ended 29 February 2020: approximately 26.4%).

毛（損）╱利及毛（損）╱利率

截至二零二一年二月二十八日止九個 月，本集團的毛損約為 17.8 百萬港元 （截至二零二零年二月二十九日止九 個月毛利：約 12.1 百萬港元），毛損率 約為 308%（截至二零二零年二月二十 九日止九個月毛利率：約26.4%）。

18 In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

Income tax expense

The Group is subject to income tax on an enterprise basis on profits arising in or derived from the jurisdictions in which members of the Group are domiciled and operate.

During the nine months ended 28 February 2021 and the nine months ended 29 February 2020, all PRC subsidiaries of the Company were subject to the PRC Enterprise Income Tax at the rate of 25.0%.

The Hong Kong subsidiary of the Company was subject to Hong Kong profits tax at the rate of 16.5% on the estimated assessable profits during the nine months ended 29 February 2020. Pursuant to the enactment of two-tiered profit tax rates issued by the Inland Revenue Department (“ IRD ”) from the year of assessment 2018/19 onwards, the Group’s first HK$2 million of assessable profits under Hong Kong profits tax for the nine months ended 28 February 2021 is subject to a tax rate of 8.25%, while the remaining assessable profits are subject to a tax rate of 16.5%.

The Macau subsidiary of the Company was subject to Macau complementary tax at the rate of 12.0% on the estimated assessable income exceeding MOP600,000 during the nine months ended 28 February 2021.

There was nil effective income tax of the Group for the nine months ended 28 February 2021 (nine months ended 29 February 2020: approximately –0.17%).

Loss for the period

As a result of the foregoing, the Group’s loss was approximately HK$27.6 million for the nine months ended 28 February 2021, as compared with a loss of approximately HK$9.4 million for the corresponding period in 2020. The loss was mainly due to the decrease of revenue for the nine months ended 28 February 2021 as compared with that for the corresponding period in 2020.

所得稅開支

本集團須就產生或源自本集團成員公 司所處及經營所在司法權區的溢利繳 納企業所得稅。

截至二零二一年二月二十八日止九個 月及二零二零年二月二十九日止九個 月，本集團的所有中國附屬公司須按 25.0%稅率繳納中國企業所得稅。

截至二零二零年二月二十九日止九 個月，本公司之香港附屬公司須按 16.5% 的稅率就估計應課稅溢利繳納 香港利得稅。根據稅務局（「 稅務局 」） 自二零一八╱一九課稅年度起發出的 兩級制利得稅稅率，本集團截至二零 二一年二月二十八日止九個月按香港 利得稅制制定的首個 2 百萬港元應課 稅溢利，應以稅率8.25%計算，而剩餘 應課稅溢利稅率為16.5%。

截至二零二一年二月二十八日止九個 月，本公司之澳門附屬公司須就估計 應課稅收入超過澳門幣 600,000元的部 分按12.0%稅率繳納澳門所得補充稅。

截至二零二一年二月二十八日止九個 月，本集團的實際所得稅為零元（截至 二零二零年二月二十九日止九個月： 約–0.17%）。

期內虧損

由於以上因素，截至二零二一年二月 二十八日止九個月，本集團的虧損約 為 27.6 百萬港元，而二零二零年同期 的虧損則約為 9.4 百萬港元。產生虧損 乃主要由於截至二零二一年二月二十 八日止九個月的收益較二零二零年同 期有所減少。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

LIQUIDITY AND CAPITAL RESOURCES

Financial Resources, Liquidity and Capital Structure

The Group finances its operations primarily through cash generated from operating activities and interest-bearing bank borrowing, overdrafts and finance leases. The Group recorded net current (liabilities)/assets of approximately HK$2.2 million as at 28 February 2021 (29 February 2020: approximately HK$25.9 million).

As at 28 February 2021, the Group’s current ratio was approximately 0.9 (29 February 2020: approximately 2.2) and the Group’s gearing ratio calculated based on the total debt at the end of the period divided by total equity at the end of the period was approximately 15.6% (29 February 2020: approximately 3.7%). The increase of the Group’s gearing ratio in the nine months ended 28 February 2021 was mainly due to increase in bank borrowings.

As at 28 February 2021, the maximum limit of the banking facilities available to the Group amounted to HK$9 million. The bank borrowings were denominated in Hong Kong dollars, repayable within one year or on demand and interest-bearing at floating rates from 2.75% to 5.9% per annum (29 February 2020: 5.6% to 5.9% per annum).

As at 28 February 2021, the capital structure of the Group consisted of equity attributable to owners of the Company of approximately HK$77.7 million, comprising issued share capital and reserves.

The Shares were listed on the GEM of the Stock Exchange on the Listing Date. There has been no change in the capital structure of the Group since then.

流動資金及資本資源

財務資源、流動資金及資本 架構

本集團主要通過經營活動產生的現金 及計息銀行借款、透支及融資租賃為 其經營提供資金。本集團於二零二一 年二月二十八日錄得流動（負債）╱資 產淨額約為 2.2 百萬港元（二零二零年 二月二十九日：約25.9百萬港元）。

於二零二一年二月二十八日，本集團 的流動比率約為 0.9（二零二零年二月 二十九日：約 2.2）及本集團的資產負 債比率以期末債務總額除以期末權益 總額計算約為 15.6%（二零二零年二月 二十九日：約3.7%）。本集團資產負債 比率於截至二零二一年二月二十八日 止九個月上升主要是由於銀行借款增 加所致。

於二零二一年二月二十八日，本集團 可動用的最大限額銀行融資為 9 百萬 港元。銀行借款以港元計值，須於一 年內或按要求償還，並按浮動年利率 介乎 2.75% 至 5.9%（二零二零年二月 二十九日：年利率介乎 5.6% 至 5.9%） 計息。

於二零二一年二月二十八日，本集團 資本架構包括本公司擁有人應佔之權 益約77.7 百萬港元（包括已發行股本及 儲備）。

股份於上市日期於聯交所 GEM 上市。 此後，本集團資本架構概無變動。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

FOREIGN CURRENCY EXPOSURE RISKS

The Group operates mainly in Hong Kong and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to certain purchases with United States dollars (“ US$ ”) and Macau Patacas (“ MOP ”) and certain sales with Renminbi (“ RMB ”). Foreign exchange risk arises when future commercial transactions, recognised assets and liabilities are denominated in a currency that is not the group entities’ functional currency. The Group however did not engage in any derivatives agreements and did not commit to any financial instrument to hedge its foreign exchange exposure during the nine months ended 28 February 2021.

TREASURY POLICIES

The Group has adopted a prudent financial management approach towards its treasury policies and thus maintained a healthy liquidity position throughout the nine months ended 28 February 2021. The Group strives to reduce exposure to credit risk by performing ongoing credit assessments and evaluations of the financial status of its customers. To manage liquidity risk, the Board closely monitors the Group’s liquidity position to ensure that the liquidity structure of the Group’s assets, liabilities and other commitments can meet its funding requirements from time to time.

SIGNIFICANT INVESTMENTS, MATERIAL ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES

During the nine months ended 28 February 2021, the Group did not have any significant investments, material acquisitions nor disposals of subsidiaries and affiliated companies.

外匯風險

本集團主要在香港經營，並面臨各種 貨幣風險所引起的外匯風險，主要 指若干以美元（「 美元 」）及澳門幣（「 澳 門幣 」）進行的購買及若干以人民幣 （「 人民幣 」）進行的出售。當未來商業 交易、確認資產及負債不是以集團實 體功能貨幣計值時，則會出現外匯風 險。然而，於截至二零二一年二月二 十八日止九個月，本集團並未涉及任 何衍生工具協議及並無訂立任何金融 工具以對沖外匯風險。

庫務政策

本集團對其庫務政策採取審慎的財務 管理方法，因此，截至二零二一年二 月二十八日止九個月整段期間保持了 健康的流動資金狀況。本集團力求通 過持續的信貸評估及對其客戶財務狀 況進行評估以降低信用風險。為管理 流動性風險，董事會密切監察本集團 的流動資金狀況，確保本集團資產、 負債及其他承擔的流動性結構滿足其 不時之資金需求。

重大投資、重大收購及出 售附屬公司

截至二零二一年二月二十八日止九個 月，本集團並無任何重大投資、重大 收購或出售附屬公司及聯屬公司。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES

As at 28 February 2021, the Group did not have any material capital commitments or any material contingent liabilities.

DIVIDEND

The Board does not recommend the payment of a dividend for the nine months ended 28 February 2021.

PLEDGE OF ASSETS

As at 28 February 2021, the Group do not have any pledged short-term bank deposits as security for the Group’s banking facilities (29 February 2020: approximately HK$3.0 million).

EMPLOYEES AND REMUNERATION POLICIES

As at 28 February 2021, the Group engaged a total of 88 employees (29 February 2020: 96) including the Directors. For the nine months ended 28 February 2021, total staff costs amounted to approximately HK$10.1 million (nine months ended 29 February 2020: approximately HK$15.1 million). Under COVID-19 pandemic, the Group implemented cost-saving measures to reduce staff costs by adopting flexible working hours, control head-count, etc.

EVENTS AFTER THE REPORTING PERIOD

As from 28 February 2021 to the date of this report, save as disclosed in this report, the Board is not aware of any occurrence of significant events requiring disclosure.

資本承擔及或有負債

於二零二一年二月二十八日，本集團 並無任何重大資本承擔或任何重大或 有負債。

股息

董事會不建議派付截至二零二一年二 月二十八日止九個月的股息。

資產抵押

於二零二一年二月二十八日，本集團 並無任何已抵押短期銀行存款，作為 本集團銀行融資之抵押（二零二零年 二月二十九日：約3.0百萬港元）。

僱員及薪酬政策

於二零二一年二月二十八日，本集團 共聘用 88 名僱員（二零二零年二月二 十九日：96 名），其中包括董事。截至 二零二一年二月二十八日止九個月， 員工成本總額約為10.1 百萬港元（截至 二零二零年二月二十九日止九個月： 約 15.1 百萬港元）。在 COVID-19 疫情 下，本集團實施節約成本措施，通過 採取彈性工作時間、控制員工人數等 方式以減省員工成本。

報告期後事項

由二零二一年二月二十八日起至本報 告日期，除本報告所披露者外，董事 會並不知悉有發生任何須予披露的重 大事件。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

AUDIT COMMITTEE

The Company has established an audit committee on 19 May 2017 (the “ Audit Committee ”) with written terms of reference in compliance with Rules 5.28 to 5.29 of the GEM Listing Rules. The primary duties of the Audit Committee are to review the Company’s draft annual, interim and quarterly financial reports and accounts and to provide advice and comments thereon to the Board. The Audit Committee is also responsible for reviewing and supervising the financial reporting process and internal control procedures of the Group. The Audit Committee currently comprises three independent nonexecutive Directors, namely Mr. Li Kai Sing (Chairman), Mr. Ma Tsz Chun and Ms. Loh Lai Ping Phillis.

The Audit Committee has reviewed this report and the unaudited condensed consolidated results of the Group for the nine months ended 28 February 2021 and the effectiveness of internal control system of the Group.

PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES

The Directors confirm that during the nine months ended 28 February 2021, there has been no purchase, sale or redemption of the Company’s listed securities.

DIRECTORS’ AND CONTROLLING SHAREHOLDERS’ INTERESTS IN COMPETING BUSINESS

During the nine months ended 28 February 2021, the Directors are not aware of any business and interest of the Directors nor the controlling shareholders of the Company nor any of their respective close associates (as defined in the GEM Listing Rules) that compete or may compete with the business of the Group and any other conflict of interests which any such person has or may have with the Group from the Listing Date to the date of this report.

審核委員會

本公司已遵照 GEM 上市規則第 5.28 條 至第 5.29 條於二零一七年五月十九日 成立審核委員會（「 審核委員會 」），並 訂有書面職權範圍。審核委員會主要 職責為審查本公司的年度、中期及季 度財務報告的草擬本及賬目，並就此 向董事會提供建議及意見。審核委員 會亦負責審查及監督財務申報過程及 本集團內部控制程序。審核委員會目 前由三名獨立非執行董事（即李啟承 先生（主席）、馬時俊先生及羅麗萍女 士）組成。

審核委員會已審閱本報告及本集團截 至二零二一年二月二十八日止九個月 之未經審核簡明綜合業績以及本集團 內部控制制度的有效性。

購買、出售或贖回本公司 上市證券

董事確認，截至二零二一年二月二十 八日止九個月，概無購買、出售或贖 回本公司上市證券。

董事及控股股東在競爭業 務中的權益

截至二零二一年二月二十八日止九個 月，董事並不知悉董事或本公司控股 股東或彼等各自的任何緊密聯繫人 （定義見 GEM 上市規則）自上市日期至 本報告日期擁有任何對本集團業務構 成或可能構成競爭的業務及權益，亦 不知悉任何有關人士與本集團存在或 可能存在任何其他利益衝突。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

DIRECTORS’ SECURITIES TRANSACTIONS

董事證券交易

The Company has adopted a code of conduct regarding Directors’ securities transactions on terms no less than the required standard of dealings set out in Rules 5.48 to 5.67 of the GEM Listing Rules. Having made specific enquiries of all Directors, the Company confirms that all of the Directors complied with such required standard of dealings and its code of conduct regarding directors’ securities transactions during the nine months ended 28 February 2021.

本公司已採納有關董事進行證券交易 的行為守則，其條款不遜於 GEM 上市 規則第 5.48 條至第 5.67 條所載的規定 交易標準。本公司對所有董事作出具 體查詢後，確認所有董事於截至二零 二一年二月二十八日止九個月均已遵 守規定交易標準及有關董事進行證券 交易的行為守則。

INTERESTS AND SHORT POSITIONS OF DIRECTORS AND CHIEF EXECUTIVE IN THE SHARES, UNDERLYING SHARES AND DEBENTURES OF THE COMPANY AND ITS ASSOCIATED CORPORATIONS

董事及主要行政人員於本 公司及其相聯法團的股 份、相關股份及債權證中 的權益及淡倉

As at 28 February 2021, the interests and short positions of the Directors and the chief executive of the Company in the shares, underlying shares or debentures of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (“ SFO ”)) as (i) recorded in the register required to be kept under section 352 of the SFO, or (ii) otherwise notified to the Company and the Stock Exchange pursuant to the required standard of dealings by directors of listed issuer as referred to in Rule 5.46 of the GEM Listing Rules, were as follows:

於二零二一年二月二十八日，董事及 本公司主要行政人員於本公司或其相 聯法團（定義見證券及期貨條例（「 證券 及期貨條例 」）第XV部）的股份、相關股 份或債權證中，擁有 (i) 須記錄於根據 證券及期貨條例第 352 條須備存的登 記冊內的權益及淡倉，或 (ii) 根據 GEM 上市規則第 5.46 條所述的上市發行人 董事進行交易的規定標準另行知會本 公司及聯交所的權益及淡倉如下：

(i) Interests in the Company

(i) 於本公司之權益

	Capacity/	Capacity/			Number of	Number of		Percentage of
Name of Director	Nature of interest			Shares(Note 1)				shareholding
					股份數目
董事姓名	身份╱權益性質				（附註1）			股權百分比
Mr. Yeung Ho Ting Dennis	Interest in a controlled			600,000,000 (L)				75.0%
(“Mr. Yeung”)		corporation (Note 2)
楊浩廷先生（「楊先生」）	受控法團權益（附註2）			600,000,000 (L)				75.0%

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

Notes:

附註：

1. The letter “L” denotes the person’s long position in the Shares.

2. 字母「L」指該人士於股份中的 好倉。

3. Next Vision was beneficially owned by Mr. Yeung as to 75%. By virtue of the SFO, Mr. Yeung was deemed to be interested in the Shares held by Next Vision.

4. 楊先生實益擁有 Next Vision 的 75% 權益。根據證券及期貨條 例，楊先生被視為於 Next Vision 持有的股份中擁有權益。

(ii) Interests in associated corporation of the Company

(ii) 於本公司相聯法團之 權益

										Number of
Name of	Name of									shares			Percentage of
Director	associated corporation				Capacity					(Note 1)			shareholding
										股份數目
董事姓名	相聯法團名稱				身份					（附註1）			股權百分比
Mr. Yeung	Next Vision (Note 2)				Beneficial owner					7,500 (L)			75%
楊先生	Next Vision（附註2）				實益擁有人					7,500 (L)			75%

Notes:

附註：

1. The letter “L” denotes the person’s long position in the Shares.

2. 字母「L」指該人士於股份中的 好倉。

3. Next Vision held 75% of issued Shares and was therefore a holding company of the Company.

4. Next Vision 持有 75% 的已發行股 份，故為本公司的控股公司。

Save as disclosed above, as at 28 February 2021, none of the Directors or the chief executive of the Company had any interests or short positions in the shares, underlying shares or debentures of the Company or its associated corporations (within the meaning of Part XV of the SFO) which were (i) recorded in the register required to be kept under section 352 of the SFO or (ii) otherwise notified to the Company and the Stock Exchange pursuant to the required standard of dealings by directors of listed issuer as referred to in Rule 5.46.

• 除上文所披露者外，於二零二 一年二月二十八日，概無董事 或本公司主要行政人員於本公 司或其相聯法團（定義見證券及 期貨條例第 XV 部）的股份、相關 股份或債權證中擁有任何 (i) 須 記錄於根據證券及期貨條例第 352 條須存置的登記冊內的權益 或淡倉；或(ii)根據第5.46條所述 上市發行人董事進行交易的規 定標準另行知會本公司及聯交 所的權益或淡倉。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

INTERESTS AND SHORT POSITIONS OF THE SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS IN SHARES AND UNDERLYING SHARES

主要股東及其他人士於股 份及相關股份中的權益及 淡倉

As at 28 February 2021, so far as it is known to the Directors, the following persons (not being a Director or chief executive of the Company) had or were deemed to have interests or short positions in Shares or underlying Shares which were recorded in the register required to be kept by the Company under Section 336 of the SFO:

於二零二一年二月二十八日， 據董事所知，下列人士（並非董 事或本公司主要行政人員）於股 份或相關股份中擁有或被視為 擁有須記錄於根據證券及期貨 條例第 336 條本公司須存置的登 記冊的權益或淡倉：

Name of shareholder

股東名稱

Capacity/ Nature of interest

身份╱權益性質

Number of Shares held/Interested Percentage of (Note 1) shareholding 持有╱擁有 權益股份數目 （附註1） 股權百分比

Next Vision	Beneficial owner (Note 2)	600,000,000 (L)	75.0%
Next Vision	實益擁有人（附註2）	600,000,000 (L)	75.0%

Notes:

附註：

1. The letter “L” denotes the person’s long position in the Shares.

2. 字母「L」指該人士於股份中的好倉。

3. Next Vision was beneficially owned by Mr. Yeung as to 75%. By virtue of the SFO, Mr. Yeung was deemed to be interested in Shares held by Next Vision.

4. 楊先生實益擁有Next Vision的75%權益。 根據證券及期貨條例，楊先生被視為於 Next Vision持有的股份中擁有權益。

Save as disclosed above, as at 28 February 2021, the Directors have not been notified by any person who had interests or short positions in the Shares or underlying Shares which were recorded in the register required to be kept under Section 336 of the SFO, or which would fall to be disclosed under the provisions of Divisions 2 and 3 of Part XV of the SFO.

除上文披露者外，於二零二一年二月 二十八日，概無任何人士知會董事彼 於股份或相關股份中擁有須記錄於根 據證券及期貨條例第 336 條須存置的 登記冊內的權益或淡倉，或根據證券 及期貨條例第XV 部第2及3分部須予披 露的權益或淡倉。

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021

SHARE OPTION SCHEME

The Company conditionally adopted a share option scheme (the “ Scheme ”) on 19 May 2017. The terms of the Scheme are in accordance with the provisions of Chapter 23 of the GEM Listing Rules. No share option has been granted since the adoption of the Scheme and there was no share option outstanding as at 28 February 2021.

CORPORATE GOVERNANCE

The Company is firmly committed to maintaining and ensuring a high level of corporate governance standards and will review and improve the corporate governance practices and standards constantly. Except for the deviation from code provision A.2.1 of the CG Code (as defined below), the Company has complied with the code provisions set out in the CG Code (as defined below) contained in Appendix 15 to the GEM Listing Rules (the “ CG Code ”) during the period from the Listing Date to 28 February 2021. Code provision A.2.1 of the CG Code stipulates that the roles of chairman and chief executive should be separate and should not be performed by the same individual. Mr. Yeung is both the chairman of the Board and the chief executive officer of the Company. In view of Mr. Yeung’s role in day-to-day operations and management of the Group since April 2009, the Board believes that it is in the best interest of the Group to have Mr. Yeung taking up both roles for effective management and business development. Therefore, the Directors consider that the deviation from the code provision A.2.1 of the CG Code is appropriate in such circumstance and the Board is of the view that this management structure is effective for the Group’s operations and sufficient checks and balances are in place.

購股權計劃

本公司於二零一七年五月十九日有條 件地採納購股權計劃（「 該計劃 」）。該 計劃之條款符合 GEM 上市規則第 23 章 之條文。自採納該計劃以來概無授出 購股權及於二零二一年二月二十八日 概無未行使之購股權。

企業管治

本公司堅定不移地維持及確保保持高 水平的企業管治標準，不斷檢討及完 善企業管治常規及標準。除偏離企業 管治守則（定義如下）第 A.2.1 條守則 條文外，本公司自上市日期起至二零 二一年二月二十八日止期間，已遵守 GEM 上市規則附錄 15 所載企業管治 守則（定義如下）（「 企業管治守則 」）所 載守則條文。企業管治守則第 A.2.1 條 守則條文規定主席與行政總裁的角色 應有區分，並不應由一人同時兼任。 楊先生為本公司之董事會主席兼行政 總裁。鑑於楊先生自二零零九年四月 起於本集團擔任日常營運及管理方面 的角色，董事會相信楊先生同時兼任 有關職務有利進行有效管理及業務發 展，符合本集團的最佳利益。因此， 董事認為，在該情況下，偏離企業管 治守則第 A.2.1 條守則條文乃屬適當， 且董事會認為，此管理架構對本集團 營運而言行之有效，且已採取足夠制 衡措施。

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In Technical Productions Holdings Limited 第三季度業績報告2020/2021

COMMUNICATION WITH SHAREHOLDERS

The Company believes that maintaining a high level of transparency is a key to enhancing investor relations. It is committed to a policy of open and timely disclosure of corporate information to its shareholders and investment public. The Company updates the shareholders on its latest business developments and financial performance through its quarterly, interim and annual reports and communicates with the shareholders through annual general meetings and extraordinary general meetings. In compliance with the requirements of the GEM Listing Rules, the Company issued regular reports, announcements, circulars and notice of general meetings. Always updated with the latest information, the corporate website of the Company (www.intechproductions.com) has provided an effective communication platform to the public and the shareholders.

OUTLOOK

The outbreak of novel coronavirus (“COVID-19”) since January 2020 has significantly impacted the operating environment of concerts and events. In order to contain the spread of COVID-19, the host organisers resorted to postpone and reschedule the concerts and events in compliance with the social distancing measures rolled out by various policy–making departments. To address such situation, the Group’s management closely monitored the market condition and adjusted its business strategies on a timely basis. The Group will maintain active liaison with its business partners so as to work out feasible measures during such period of immense difficulty.

By order of the Board In Technical Productions Holdings Limited Yeung Ho Ting Dennis Chairman

Hong Kong, 13 April 2021

股東通訊

本公司認為保持高水準的透明度是 加強投資者關係的關鍵。我們秉持 向股東及公眾投資者公開及時披露 企業資訊的政策。本公司通過季度、 中期及年度報告向股東介紹最新業 務發展情況和財務業績，並通過股東 週年大會及股東特別大會與股東溝 通。按照 GEM 上市規則的規定，本公 司定期發佈報告、公告、通函及股東 大會通告。本公司的公司網站 (www. intechproductions.com) 會持續發佈最新 資訊，為公眾及股東提供了有效的溝 通平台。

展望

自 2020 年 1 月以來新型冠狀病毒 （「COVID-19」）的爆發已嚴重影響 音樂會及活動的運營環境。為避免 COVID-19 的傳播，主辦單位將音樂會 及活動延期並重新制定日程，以符合 各政策部門所製訂的社會隔離措施。 為應對此情況，本集團管理層保持對 市場情況的監控並及時調整經營策 略。本集團亦將積極與業務合作夥伴 磋商，以於此困難絲毫不減的時期挑 選出可行措施。

承董事會命 In Technical Productions Holdings Limited 主席 楊浩廷

香港，二零二一年四月十三日

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In Technical Productions Holdings Limited Third Quarterly Report 2020/2021