eprint Group Limited — Interim / Quarterly Report 2021

Dec 16, 2020

2020 INTERIM REPORT 中期報告

CONTENTS 目錄

Corporate Information

Financial Highlights

Condensed Interim Consolidated Statement of Comprehensive Income

Condensed Interim Consolidated Statement of Financial Position

Condensed Interim Consolidated Statement of Changes in Equity

Condensed Interim Consolidated Statement of Cash Flows Notes to the Condensed Interim Consolidated Financial Information Management Discussion and Analysis Other Information

公司資料	2
財務摘要	4
簡明中期合併綜合收益表	5
簡明中期合併財務狀況表	7
簡明中期合併權益變動表	9
簡明中期合併現金流量表	11
簡明中期合併財務資料附註	13
管理層討論及分析	45
其他資料	55

Interim Report 2020 二零二零年中期報告

1

CORPORATE INFORMATION 公司資料

BOARD OF DIRECTORS

Executive directors

Mr. She Siu Kee William (Chairman and Chief Executive Officer) Mr. Chong Chuek Ki

Non-executive directors

Mr. Leung Wai Ming Mr. Li Lu

Independent non-executive directors

Mr. Poon Chun Wai Mr. Fu Chung Mr. Ma Siu Kit

AUDIT COMMITTEE

Mr. Ma Siu Kit (Chairman) Mr. Poon Chun Wai Mr. Fu Chung

REMUNERATION COMMITTEE

Mr. Poon Chun Wai (Chairman) Mr. She Siu Kee William Mr. Fu Chung

NOMINATION COMMITTEE

Mr. Fu Chung (Chairman) Mr. She Siu Kee William Mr. Poon Chun Wai

AUTHORISED REPRESENTATIVES

Mr. She Siu Kee William Mr. Mok Chun Wa

COMPANY SECRETARY

Mr. Mok Chun Wa

REGISTERED OFFICE

4th Floor, Harbour Place 103 South Church Street George Town, P.O. Box 10240 Grand Cayman KY1-1002 Cayman Islands

董事會

執行董事 佘紹基先生 （主席暨行政總裁） 莊卓琪先生

非執行董事 梁衞明先生 李路先生

獨立非執行董事 潘振威先生 傅忠先生 馬兆杰先生

審核委員會 馬兆杰先生（主席） 潘振威先生 傅忠先生

薪酬委員會

潘振威先生（主席） 佘紹基先生 傅忠先生

提名委員會

傅忠先生（主席） 佘紹基先生 潘振威先生

授權代表 佘紹基先生 莫俊華先生

公司秘書 莫俊華先生

註冊辦事處

4th Floor, Harbour Place 103 South Church Street George Town, P.O. Box 10240 Grand Cayman KY1-1002 Cayman Islands

eprint Group Limited eprint 集團有限公司

2

CORPORATE INFORMATION 公司資料

HEADQUARTER AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

Flat A3, 1st Floor, Phase 3 Kwun Tong Industrial Centre 448-458 Kwun Tong Road Kwun Tong, Kowloon Hong Kong

PRINCIPAL BANKERS

Bank of China (Hong Kong) Limited Dah Sing Bank, Limited

AUDITOR

PricewaterhouseCoopers Certified Public Accountants

LEGAL ADVISOR TO THE COMPANY (HONG KONG LAW) Michael Li & Co.

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

Ocorian Trust (Cayman) Limited Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands

HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE

Tricor Investor Services Limited Level 54 Hopewell Centre 183 Queen’s Road East Hong Kong

COMPANY WEBSITE

http://www.eprintgroup.com.hk

STOCK CODE

1884

香港總公司及主要營業地點

香港 九龍觀塘 觀塘道448-458號 官塘工業中心 第3期1樓 A3室

主要往來銀行

中國銀行（香港）有限公司 大新銀行有限公司

核數師

羅兵咸永道會計師事務所 執業會計師

本公司法律顧問（香港法律）

李智聰律師事務所

主要股份登記及過戶處

Ocorian Trust (Cayman) Limited Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands

香港股份登記及過戶分處

卓佳證券登記有限公司 香港 皇后大道東183號 合和中心 54樓

公司網址

http://www.eprintgroup.com.hk

股份代號

1884

3

Interim Report 2020 二零二零年中期報告

FINANCIAL HIGHLIGHTS 財務摘要

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For the six months ended
30 September
截至九月三十日止六個月
2020 2019 Change
二零二零年 二零一九年 變動
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Operating Results 營運業績
Revenue 收益 128,375 205,158 (37.4%)
－
– e-print segment e-print分部 101,980 159,068 (35.9%)
– e-banner segment －e-banner分部 26,395 46,090 (42.7%)
Segment results 分部業績 6,915 7,102 (2.6%)
– e-print segment －e-print分部 7,804 6,661 17.2%
– e-banner segment －e-banner分部 (889) 441 (301.6%)
Profit for the period attributable to 本公司權益持有人應佔期內
equity holders of company 溢利 5,181 5,962 (13.1%)
Net profit margin % (Attributable to 純利率%（本公司權益持有人
equity holders of company) 應佔） 4.0% 2.9%
Gross profit margin % 毛利率% 37.5% 35.2%
Basic earnings per share (HK Cents) 每股基本盈利（港仙） 0.94 1.08 (13.0%)
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As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年 Change
九月三十日 三月三十一日 變動
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Financial Position 財務狀況
Total assets 資產總額 333,585 327,602 1.8%
Total equity 權益總額 236,148 230,005 2.7%
Cash and cash equivalents 現金及現金等值項目 93,335 101,525 (8.1%)
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4 eprint Group Limited eprint 集團有限公司

CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 簡明中期合併綜合收益表

For the six months ended 30 September 2020 截至二零二零年九月三十日止六個月

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Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
Note HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Revenue 收益 128,375 205,158
Cost of sales 銷售成本 (80,256) (133,020)
Gross profit 毛利 48,119 72,138
Other income 其他收入 1,376 1,297
Other gains/(losses) – net 其他收益╱（虧損）－淨額 1,375 (5,741)
Selling and distribution expenses 銷售及分銷開支 (12,973) (19,987)
Administrative expenses 行政開支 (30,982) (40,605)
Operating profit 營運溢利 7 6,915 7,102
Finance income 融資收入 1,527 1,249
Finance costs 融資成本 (857) (1,064)
Finance income – net 融資收入－淨額 8 670 185
Share of (losses)/profit of joint ventures 應佔合營企業（虧損）╱溢利 (224) 897
Share of losses of associates 應佔聯營公司虧損 (1,233) (136)
Profit before income tax 除所得稅前溢利 6,128 8,048
Income tax expense 所得稅開支 9 (1,062) (2,136)
Profit for the period 期內溢利 5,066 5,912
Other comprehensive income: 其他綜合收益：
Item that may be subsequently 可能隨後重新分類至損益的
reclassified to profit or loss 項目
Currency translation differences 匯兌差額 1,077 (1,036)
Total comprehensive income 期內綜合收益總額
for the period 6,143 4,876
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Interim Report 2020 二零二零年中期報告 5

CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 簡明中期合併綜合收益表

For the six months ended 30 September 2020 截至二零二零年九月三十日止六個月

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Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
Note HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Profit for the period attributable to: 以下各項應佔期內溢利：
Equity holders of the Company 本公司權益持有人 5,181 5,962
Non-controlling interest 非控股權益 (115) (50)
5,066 5,912
Earnings per share 每股盈利
－
– basic and diluted (expressed in 基本及攤薄
HK cents per share) （按每股港仙計） 10 0.94 1.08
Total comprehensive income 以下各項應佔綜合收益總額：
attributable to:
Equity holders of the Company 本公司權益持有人 6,239 4,946
Non-controlling interest 非控股權益 (96) (70)
6,143 4,876
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The notes on pages 13 to 44 form an integral part 第13至44頁的附註構成本簡明中期合 of this condensed interim consolidated financial 併財務資料不可分割的一部分。 information.

6 eprint Group Limited eprint 集團有限公司

CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

簡明中期合併財務狀況表

As at 30 September 2020 於二零二零年九月三十日

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As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
Note HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Assets 資產
Non-current assets 非流動資產
Property, plant and equipment 物業、廠房及設備 12 103,698 108,365
Right-of-use assets 使用權資產 30,197 38,151
Intangible assets 無形資產 725 725
Other financial assets at 按攤銷成本列賬之
amortised cost 其他金融資產 13 28,808 833
Investments in associates 於聯營公司的投資 16 1,674 2,407
Investments in joint ventures 於合營企業的投資 15 12,487 11,792
Deferred income tax assets 遞延所得稅資產 2,343 2,134
Deposits and prepayments 按金及預付款項 3,146 2,921
183,078 167,328
Current assets 流動資產
Inventories 存貨 6,361 6,804
Trade receivables 貿易應收款項 17 4,600 4,168
Deposits, prepayments and 按金、預付款項及
other receivables 其他應收款項 12,356 9,184
Other financial assets at 按攤銷成本列賬之
amortised cost 其他金融資產 13 11,514 12,965
Financial assets at fair value 透過損益按公允價值列賬
through profit or loss 之金融資產 14 22,019 25,469
Amounts due from related companies 應收關連公司款項 23(b) 322 159
Cash and cash equivalents 現金及現金等值項目 93,335 101,525
150,507 160,274
Total assets 資產總額 333,585 327,602
Equity 權益
Capital and reserves attributable to 本公司權益持有人
the equity holders of the Company 應佔資本及儲備
Share capital 股本 18 5,500 5,500
Share premium 股份溢價 132,921 132,921
Other reserves 其他儲備 91,669 85,430
230,090 223,851
Non-controlling interests 非控股權益 6,058 6,154
Total equity 權益總額 236,148 230,005
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Interim Report 2020 二零二零年中期報告

7

CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明中期合併財務狀況表 As at 30 September 2020 於二零二零年九月三十日

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As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
Note HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Liabilities 負債
Non-current liabilities 非流動負債
Lease liabilities 租賃負債 21 9,939 17,004
Deferred income tax liabilities 遞延所得稅負債 6,647 6,348
Other payables 其他應付款項 618 766
17,204 24,118
Current liabilities 流動負債
Trade payables 貿易應付款項 19 7,863 5,998
Accruals and other payables 應計款項及其他應付款項 31,330 24,596
Borrowings 借貸 20 20,093 21,157
Lease liabilities 租賃負債 21 19,452 20,200
Amounts due to related companies 應付關連公司款項 23(b) 301 201
Amounts due to directors 應付董事款項 23(b) 165 165
Current income tax payable 應付當期所得稅 1,029 1,162
80,233 73,479
Total liabilities 負債總額 97,437 97,597
Total equity and liabilities 權益及負債總額 333,585 327,602
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The notes on pages 13 to 44 form an integral part of this condensed interim consolidated financial information.

第13至44頁的附註構成本簡明中期合 併財務資料不可分割的一部分。

8 eprint Group Limited eprint 集團有限公司

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明中期合併權益變動表

For the six months ended 30 September 2020 截至二零二零年九月三十日止六個月

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Attributable to equity holders of the Company
本公司權益持有人應佔
Non-
Share Share Capital Other Exchange Retained controlling Total
capital premium reserve reserve reserve earnings Sub-total interests equity
股本 股份溢價 資本儲備 其他儲備 外匯儲備 保留盈利 小計 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
Balance at 31 March 2020 (Audited) and 於二零二零年三月三十一日（經審核）及
1 April 2020 二零二零年四月一日結餘 5,500 132,921 6,593 (21) (3,667) 82,525 223,851 6,154 230,005
Comprehensive income 綜合收益
Profit for the period 期內溢利 – – – – – 5,181 5,181 (115) 5,066
Other comprehensive income 其他綜合收益
Currency translation differences 匯兌差額
– Group －本集團 – – – – 139 – 139 19 158
– Associates and joint ventures －聯營公司及合營企業 – – – – 919 – 919 – 919
Total comprehensive income 綜合收益總額 – – – – 1,058 5,181 6,239 (96) 6,143
Balance at 30 September 2020 於二零二零年九月三十日結餘
(Unaudited) （未經審核） 5,500 132,921 6,593 (21) (2,609) 87,706 230,090 6,058 236,148
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9

Interim Report 2020 二零二零年中期報告

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明中期合併權益變動表

For the six months ended 30 September 2020 截至二零二零年九月三十日止六個月

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Attributable to equity holders of the Company
本公司權益持有人應佔
Non-
Share Share Capital Other Exchange Retained controlling Total
capital premium reserve reserve reserve earnings Sub-total interests equity
股本 股份溢價 資本儲備 其他儲備 外匯儲備 保留盈利 小計 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
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Balance at 31 March 2019 (Audited) and 1 April 2019	於二零一九年三月三十一日 （經審核）及二零一九年 四月一日結餘	5,500	132,921	6,593	(21)	(1,877)	85,311	228,427	6,091	234,518
Comprehensive income Profit for the period	綜合收益 期內溢利	–	–	–	–	–	5,962	5,962	(50)	5,912
Other comprehensive income Currency translation differences – Group – Associates and a joint venture	其他綜合收益 匯兌差額 –本集團 –聯營公司及一間合營企業	– –	– –	– –	– –	(460) (556)	– –	(460) (556)	(20) –	(480) (556)
Total comprehensive income	綜合收益總額	–	–	–	–	(1,016)	5,962	4,946	(70)	4,876
Total transactions with owners, recognised directly in equity: Final dividends relating to the year ended 31 March 2019 paid in September 2019 (Note 11)	直接於權益確認的與擁有人的 總交易： 於二零一九年九月已付有關 截至二零一九年三月三十一日 止年度的末期股息（附註11）	–	–	–	–	–	(8,800)	(8,800)	–	(8,800)
Balance at 30 September 2019 (Unaudited)	於二零一九年九月三十日結餘 （未經審核）	5,500	132,921	6,593	(21)	(2,893)	82,473	224,573	6,021	230,594

The notes on pages 13 to 44 form an integral part 第13至44頁的附註構成本簡明中期合 of this condensed interim consolidated financial 併財務資料不可分割的一部分。 information.

eprint Group Limited eprint 集團有限公司

10

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS 簡明中期合併現金流量表 For the six months ended 30 September 2020 截至二零二零年九月三十日止六個月

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Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
Note HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Cash flows from 經營活動產生的
operating activities 現金流量
Cash generated from operations 營運產生的現金 27,864 27,793
Interest paid 已付利息 (233) (314)
Income tax paid 已付所得稅 (1,105) (1,303)
Net cash generated from operating 經營活動產生的
activities 現金淨額 26,526 26,176
Cash flows from investing activities 投資活動產生的現金流量
Proceeds from disposal of property, 出售物業、廠房及設備的
plant and equipment 所得款項 184 266
Proceeds from redemption and 贖回及出售持至到期投資之
disposal of held-to-maturity 所得款項
investments – 500
Proceeds from redemption of 贖回按攤銷成本列賬之
other financial assets at 其他金融資產的所得款項
amortised cost 2,167 –
Investments in other financial assets 於按攤銷成本列賬之
at amortised cost 其他金融資產的投資 (28,691) (5,600)
Investment in financial assets 於透過損益按公允價值列賬
at fair value through profit or loss 之金融資產的投資 – (8,392)
Proceeds from disposal of 出售透過損益按公允價值
financial assets at fair value 列賬之金融資產的
through profit or loss 所得款項 5,366 –
Purchase of property, 購買物業、廠房及設備
plant and equipment (1,782) (1,181)
Prepayment for purchase of property, 購買物業、廠房及設備的
plant and equipment 預付款項 (947) (5,181)
Investment in an associate 於聯營公司的投資 (500) (800)
Interest received 已收利息 1,421 1,977
Net cash used in investing 投資活動所用現金淨額
activities (22,782) (18,411)
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Interim Report 2020 二零二零年中期報告 11

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS 簡明中期合併現金流量表

For the six months ended 30 September 2020 截至二零二零年九月三十日止六個月

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Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
Note HK$’000 HK$’000
附註 千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Cash flows from 融資活動產生的
financing activities 現金流量
Proceeds from borrowings 借貸所得款項 20 1,267 3,951
Repayments of borrowings 償還借貸 20 (2,331) (7,749)
Repayment of lease liabilities 償還租賃負債 (11,061) (9,488)
Dividends paid 已付股息 – (8,800)
Net cash used in 融資活動所用現金淨額
financing activities (12,125) (22,086)
Net decrease in cash and 現金及現金等值項目
cash equivalents 減少淨額 (8,381) (14,321)
Cash and cash equivalents 期初現金及現金等值項目
at beginning of period 101,525 123,664
Effect of change in exchange rate 匯率變動的影響 191 (421)
Cash and cash equivalents 期末現金及現金等值項目
at end of period 93,335 108,922
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The notes on pages 13 to 44 form an integral part 第13至44頁的附註構成本簡明中期合 of this condensed interim consolidated financial 併財務資料不可分割的一部分。 information.

12 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

1 GENERAL

eprint Group Limited (the “Company”) was incorporated in the Cayman Islands on 10 January 2013 as an exempted company with limited liability under the Companies Law (Revised) of the Cayman Islands. The Company’s registered office is situated at 4th Floor, Harbour Place, 103 South Church Street, George Town, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands.

The Company is an investment holding company. The Company and its subsidiaries (the “Group”) are principally engaged in the provision of printing services and solutions on advertisement, bound book and stationery, to a diversified customer base in Hong Kong.

The Company has its listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

This condensed interim consolidated financial information is presented in Hong Kong dollars, unless otherwise stated.

2 BASIS OF PREPARATION

This condensed interim consolidated financial information for the six months ended 30 September 2020 has been prepared in accordance with Hong Kong Accounting Standard (“HKAS”) 34 “Interim financial reporting” issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and the requirements of the Rules Governing the Listing of Securities (the “Listing Rules”) on the Stock Exchange.

This condensed interim consolidated financial information should be read in conjunction with the Group’s consolidated financial statements for the year ended 31 March 2020, which are prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”).

1 一般資料

eprint集團有限公司（「本公司」） 於二零一三年一月十日根據開 曼群島公司法（經修訂）於開曼 群島註冊成立為獲豁免有限公 司。本公司註冊辦事處地址為 4th Floor, Harbour Place, 103 South Church Street, George Town, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands。

本公司為一間投資控股公司。 本公司及其附屬公司（「本集 團」）主要於香港從事為多元化 客戶群提供印刷服務及就廣告、 精裝圖書及文具提供解決方案。

本公司在香港聯合交易所有限 公司（「聯交所」）主板上市。

本簡明中期合併財務資料按港 元呈列，除非另行列明。

2 編製基準

此份截至二零二零年九月三十 日止六個月之簡明中期合併財 務資料，乃根據香港會計師公 會（「香港會計師公會」）頒佈 的香港會計準則（「香港會計準 則」）第34號「中期財務報告」及 聯交所證券上市規則（「上市規 則」）之規定編製。

本簡明中期合併財務資料須與 截至二零二零年三月三十一日 止年度之本集團合併財務報表 （根據香港財務報告準則（「香 港財務報告準則」）編製）一併 閱讀。

13

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

3 PRINCIPAL ACCOUNTING POLICIES

The accounting policies applied are consistent with those used in preparing the Group’s financial statements for the year ended 31 March 2020, except as stated below.

(a) The following amendment to standard is mandatory for the Group’s accounting period beginning on 1 April 2020:

HKFRS 3 (Revised) Definition of a Business (Amendments)

Conceptual Framework Revised conceptual for Financial framework for Reporting 2018 financial reporting HKAS 1 and HKAS 8 Definition of Material (Amendments)

HKAS 39, HKFRS 7 Hedge accounting and HKFRS 9 (Amendments)

HKFRS 16 COVID-19 Related (Amendments) Rent Concession

The Group has adopted these amendments and the adoption of these amendments did not have significant impacts on the Group’s results and financial position.

There are no other new standards or amendments to standards that are effective for the first time for this interim period that could be expected to have a material impact on the Group.

3 主要會計政策

應用的會計政策與編製本集團 截至二零二零年三月三十一日 止年度的財務報表所應用會計 政策一致，惟下文所述者除外。

(a) 下列經修訂準則於二零二零年 四月一日開始的本集團會計期 間強制生效：

香港財務報告 業務的定義 準則第3號 （經修訂） （修訂本） 二零一八年財務 財務報告概念 報告概念框架 框架之修訂 香港會計準則 重大的定義 第1號及 香港會計準則 第8號（修訂本） 香港會計準則 對沖會計處理 第39號、 香港財務報告 準則第7號及 香港財務報告 準則第9號 （修訂本） 香港財務報告 COVID-19 準則第16號 相關的 （修訂本） 租金減免

本集團已採納該等修訂本，而 採納該等修訂本並無對本集團 業績及財務狀況產生重大影響。

概無於本中期期間首次生效之 其他新訂準則或修訂準則預期 會對本集團產生重大影響。

14 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

3 PRINCIPAL ACCOUNTING POLICIES

• 3 主要會計政策 （續）

(Continued)

• (b) The following new standards and amendments have been issued, but are not effective for the Group’s accounting period beginning on 1 April 2020 and have not been early adopted:

• (b) 以下為已頒佈的新訂準則及修 訂本，而於二零二零年四月一 日開始的本集團會計期間尚未 生效，亦未提前採納：

==> picture [330 x 76] intentionally omitted <==

----- Start of picture text -----

Effective for
accounting
periods beginning
on or after
於以下日期或
之後開始的
會計期間生效
----- End of picture text -----

HKFRS 17	Insurance contracts	1 January 2021
香港財務報告準則第17號	保險合約	二零二一年一月一日
HKFRS 3 (Amendments)	Reference to the Conceptual Framework	1 January 2022
香港財務報告準則第3號（修訂本）	概念框架之提述	二零二二年一月一日
HKAS 16 (Amendments)	Property, Plant and Equipment	1 January 2022
	－Proceeds before Intended Use
香港會計準則第16號（修訂本）	物業、廠房及設備－擬定用途前的所得款項	二零二二年一月一日
HKAS 37 (Amendments)	Onerous Contracts－Cost of Fulfilling a Contract	1 January 2022
香港會計準則第37號（修訂本）	有償合約－履行合約的成本	二零二二年一月一日
Amendments to HKFRSs	Annual Improvements to HKFRSs 2018－2020	1 January 2022
香港財務報告準則（修訂本）	香港財務報告準則之年度改進	二零二二年一月一日
	（二零一八年至二零二零年）
HKAS 1 (Amendments)	Classification of Liabilities as Current or	1 January 2023
	Non-current
香港會計準則第1號（修訂本）	負債分類為流動或非流動	二零二三年一月一日
HKFRS 10 and HKAS 28	Sale or Contribution of Assets between an	Note
(Amendments)	Investor and its Associates or Joint Venture
香港財務報告準則第10號及	投資者與其聯營公司或合營企業之間的	附註
香港會計準則第28號（修訂本）	資產出售或注入

Note: To be announced by HKICPA

附註：將由香港會計師公會公佈

Interim Report 2020 二零二零年中期報告

15

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

3 PRINCIPAL ACCOUNTING POLICIES

3 主要會計政策 （續）

(Continued)

The Directors are in the process of assessing the financial impact of the adoption of the above new standards and amendments to standards. The Directors will adopt the new standards and amendments when they become effective.

• (c) Change in accounting policy

HKFRS 16 (Amendment), “COVID-19 – related Rent Concessions” (effective for annual periods beginning on or after 1 June 2020, early application of the amendments is permitted). The Group has early adopted Amendment to HKFRS 16 from 1 April 2020. The amendment provides lessees with exemption from assessing whether COVID-19 – related rent concession is a lease modification and requires lessees that apply the exemption to account for COVID-19 – related rent concession as if they were not lease modifications. In applying HKFRS 16 (Amendment) for the first time, the Group has applied the practical expedient and elected not to assess whether COVID-19 – related rent concession is a lease modification. All of the COVID-19 – related rent concessions amounted to HK$84,000 has been credited to the income statement within “other gains/(losses) – net”.

• (d) Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual profit or loss.

董事正評估採納上述新訂準則 及修訂準則之財務影響。董事 將於新訂準則及修訂準則生效 後採納。

• (c) 會計政策變更

• 香港財務報告準則第16號（修 訂本）「COVID-19相關租金減 免」，於二零二零年六月一日 或之後開始的年度期間生效， 並獲允許提早應用修訂。本集 團已於二零二零年四月一日起 提早採納香港財務報告準則第 16號（修訂本）。該修訂本豁免 承租人評估 COVID-19 相關租 金減免是否為一項租賃修訂， 並要求應用該豁免的承租人將 COVID-19相關租金減免入賬， 猶如其並非租賃修訂。於首次 應用香港財務報告準則第16號

• （修訂本）時，本集團已採用實 務簡易處理方法，並選擇不評 估 COVID-19相關租金減免是否 為租賃修訂。全部 COVID-19相 關租金減免84,000港元已計入 收益表內的「其他收益╱（虧 損）－淨額」。

• (d) 中期期間收入的稅項，將按適 用於預計年度溢利或虧損總額 的稅率累計。

16 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

4 ESTIMATES

The preparation of condensed interim consolidated financial information requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. In preparing this condensed interim consolidated financial information, the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were similar to those that were applied to the consolidated financial statements for the year ended 31 March 2020.

5 FINANCIAL RISK MANAGEMENT

(a) Financial risk factors

The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk and interest rate risk), credit risk and liquidity risk.

The condensed interim consolidated financial information does not include all financial risk management information and disclosures required in the annual financial statements, and should be read in conjunction with the Group’s consolidated financial statements for the year ended 31 March 2020.

(b) Liquidity risk

As at 31 March 2020 and 30 September 2020, there was no material change in the contractual undiscounted cash outflows for financial liabilities.

4 估計

於編製簡明中期合併財務資料 時，管理層需要作出判斷、估計 及假設，而此舉影響會計政策 之應用及所呈報資產及負債、 收入及開支之金額。實際結果 可能有別於該等估計。於編製 本簡明中期合併財務資料時， 管理層就應用本集團會計政策 所作重大判斷及估計不明朗因 素主要來源與截至二零二零年 三月三十一日止年度合併財務 報表適用者相若。

5 財務風險管理

(a) 財務風險因素

本集團經營活動面對各種財務 風險：市場風險（包括外匯風險 及利率風險）、信貸風險及流動 資金風險。

簡明中期合併財務資料並不包 括年度財務報表所要求的所有 財務風險管理資料及披露；閱 讀簡明中期合併財務資料時， 應一併細閱本集團截至二零二 零年三月三十一日止年度的合 併財務報表。

(b) 流動資金風險

於二零二零年三月三十一日及 二零二零年九月三十日，財務 負債的合約未貼現現金流出並 無重大變動。

Interim Report 2020 二零二零年中期報告

17

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

5 FINANCIAL RISK MANAGEMENT (Continued)

(c) Fair value estimation

The carrying amounts of the Group’s current financial assets, including cash and cash equivalents, trade receivables, other receivables, financial assets at fair value through profit or loss and amounts due from related companies, current financial liabilities, including trade payables, other payables, amounts due to related companies and directors, lease liabilities and borrowings approximate their fair values due to their short maturities, and non-current liabilities, including lease liabilities and borrowings as their interest rates approximate market interest rates.

The fair value of financial liabilities for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments.

The table below analyses the Group’s financial instrument carried at fair value as at 30 September 2020 and 31 March 2020 by level of the inputs to valuation techniques used to measure fair value. Such inputs are categorised into three levels within a fair value hierarchy as follows:

• Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).

• Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).

5 財務風險管理 （續）

(c) 公允價值估計

本集團之流動金融資產（包括 現金及現金等值項目、貿易應 收款項、其他應收款項、透過損 益按公允價值列賬之金融資產 及應收關連公司款項）、流動金 融負債（包括貿易應付款項、其 他應付款項及應付關連公司及 董事款項、租賃負債及借貸）之 賬面值與彼等之公允價值相若， 原因是其期限較短，而非流動 負債（包括租賃負債及借貸）方 面，則由於其利率與市場利率 相若。

就披露目的而言，金融負債之 公允價值乃按未來合約現金流 量以本集團就類似金融工具可 得的現有市場利率貼現估算。

下表按計量公允價值之估值技 術所用輸入數據的層級，分析 本集團於二零二零年九月三十 日及二零二零年三月三十一日 按公允價值列賬之金融工具。 有關輸入數據乃按下文所述而 分類歸入公允價值層級內的三 個層級：

• 相同資產或負債於活躍 市場的報價（未經調整）

• （第一級）。

• 除第一級所包括的報價 外，該資產或負債可直接

• （即價格）或間接（自價 格衍生）觀察的輸入數據

• （第二級）。

18 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

5 FINANCIAL RISK MANAGEMENT

5 財務風險管理 （續）

(Continued)

(c) Fair value estimation (Continued)

(c) 公允價值估計 （續）

• Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).

• 資產或負債並非依據可觀 察市場數據的輸入數據

• （即不可觀察輸入數據） （第三級）。

==> picture [332 x 141] intentionally omitted <==

----- Start of picture text -----

As at 30 September 2020
於二零二零年九月三十日
Level 1 Level 2 Level 3 Total
第一級 第二級 第三級 總計
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）
Assets 資產
Financial assets 透過損益按公允
at fair value through 價值列賬之
profit or loss 金融資產 21,859 – 160 22,019
----- End of picture text -----

	As at 31 March 2020
	於二零二零年三月三十一日
	Level 1 Level 2 Level 3 Total
	第一級 第二級 第三級 總計
	HK$’000 HK$’000 HK$’000 HK$’000
	千港元 千港元 千港元 千港元
	(Audited) (Audited) (Audited) (Audited)
	（經審核） （經審核） （經審核） （經審核）
Assets 資產 Financial assets at fair value through profit or loss 透過損益按公允 價值列賬之 金融資產	25,309 – 160 25,469

19

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

5 FINANCIAL RISK MANAGEMENT

5 財務風險管理 （續）

(Continued)

• (c) Fair value estimation (Continued)

• (c) 公允價值估計 （續）

Financial instrument in level 1

第一級金融工具

The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1. Instruments included in level 1 comprise primarily listed equity securities classified as financial assets at fair value through profit or loss.

於活躍市場買賣的金融工具公 允價值乃根據報告期末市場報 價釐定。倘報價可隨時及定期 自交易所、經銷商、經紀人、集 團公司、定價服務或監管機構 獲得，且該等價格表示按公平 基準進行的實際及常規的經常 性市場交易，則該市場視為活 躍市場。就本集團所持有金融 資產所用的市場報價為當前標 價。該等工具計入第一級。計入 第一級的工具主要包括分類為 透過損益按公允價值列賬之金 融資產的上市股本證券。

Financial instrument in level 3

第三級金融工具

The following table presents the changes in level 3 instruments for the six months ended 30 September 2020 and 2019.

下表呈列截至二零二零年及二 零一九年九月三十日止六個月 第三級工具之變動。

==> picture [332 x 211] intentionally omitted <==

----- Start of picture text -----

2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
As at 1 April 於四月一日 160 –
Redemption 贖回 – –
Gains recognised in profit or loss 於損益中確認的收益 – –
As at 30 September 於九月三十日 160 –
Total gains for the period included 就期末持有之資產計入
in profit or loss for assets held 損益之期內收益總額，
at the end of the period, under 列作「其他收益╱
“Other gains/(losses) – net” （虧損）－淨額」 – –
Changes in unrealised gains 於期末計入損益之
for the year included in profit or 年內未變現收益變動
– –
loss at the end of the period
----- End of picture text -----

eprint Group Limited eprint 集團有限公司

20

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

6 SEGMENT INFORMATION

The chief operating decision-maker has been identified as the Executive Directors of the Company. The chief operating decision-maker has determined the operating segments based on the reports approved by the Executive Directors of the Company, that are used to make strategic decisions and assess performance.

The chief operating decision-maker has determined the operating segments based on these reports. The Group is organised into two business segments:

• (a) paper printing segment (mainly derived from the brand “e-print”); and

• (b) banner printing segment (mainly derived from the brand “e-banner”).

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-marker.

Management assesses the performance of the operating segments based on a measure of gross profit less selling and distribution expenses and administrative expenses that are allocated to each segment. Other information provided is measured in a manner consistent with that in the consolidated financial statements.

Sales between segments are carried out at arm’s length basis.

The subsidiary incorporated in the People’s Republic of China (the “PRC”) provides information technology (“I.T.”) support services within the Group. The subsidiaries incorporated in Malaysia generated immaterial external revenue during the period. Since the Group mainly operates in Hong Kong and the Group’s assets are mainly located in Hong Kong, no geographical segment information is presented.

6 分部資料

本公司之執行董事被視為主要 經營決策者。主要經營決策者 已根據本公司執行董事批准並 用於作策略決定及評估表現之 報告釐定經營分部。

主要經營決策者已根據該等報 告釐定經營分部。本集團排列 出兩類業務分部：

• (a) 紙品印刷分部（主要源於 「e-print 」品牌）；及

• (b) 噴畫印刷分部（主要源於 「e-banner 」品牌）。

經營分部以向主要經營決策者 提供內部呈報一致的形式呈報。

管理層根據毛利減分配至各分 部之銷售及分銷開支及行政支 出評估經營分部表現。所提供 的其他資料之計量方式與合併 財務報表一致。

分部間之銷售乃按公平基準進 行。

於中華人民共和國（「中國」）註 冊成立的附屬公司在本集團內 部提供資訊科技（「資訊科技」） 支援服務。於馬來西亞註冊成 立的附屬公司於期內產生少量 外部收入。由於本集團主要於 香港營運且本集團的資產主要 位於香港，概無地理分部資料 呈列。

21

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

6 SEGMENT INFORMATION (Continued)

6 分部資料 （續）

During the six months ended 30 September 於截至二零二零年及二零一九 2020 and 2019, no external customers 年九月三十日止六個月，概無 contributed over 10% of the Group’s revenue. 外部客戶貢獻超過本集團收益 的10%。

==> picture [332 x 391] intentionally omitted <==

----- Start of picture text -----

For the six months ended 30 September 2020
截至二零二零年九月三十日止六個月
Paper Banner
printing printing Eliminations Total
紙品印刷 噴畫印刷 抵銷 總額
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）
Segment revenue 分部收益
Revenue from external 來自外部客戶收益
customers 101,980 26,395 – 128,375
Inter-segment revenue 分部間收益 200 13 (213) –
Total 總額 102,180 26,408 (213) 128,375
Segment results 分部業績 7,804 (889) 6,915
Finance income 融資收入 1,527
Finance costs 融資成本 (857)
Share of losses of 應佔合營企業虧損
joint ventures (224)
Share of losses of 應佔聯營公司虧損
associates (1,233)
Profit before income tax 除所得稅前溢利 6,128
Income tax expense 所得稅開支 (1,062)
Profit for the period 期內溢利 5,066
Depreciation of property, 物業、廠房及
plant and equipment 設備折舊 5,204 1,099 – 6,303
Depreciation of right-of-use 使用權資產折舊
assets 7,927 2,651 – 10,578
Capital expenditure 資本開支 1,726 56 – 1,782
----- End of picture text -----

eprint Group Limited eprint 集團有限公司

22

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

6 SEGMENT INFORMATION (Continued)

6 分部資料 （續）

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----- Start of picture text -----

For the six months ended 30 September 2019
截至二零一九年九月三十日止六個月
Banner
Paper printing printing Eliminations Total
紙品印刷 噴畫印刷 抵銷 總額
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）
----- End of picture text -----

Segment revenue 分部收益 Revenue from external customers 來自外部客戶收益 159,068 46,090 – Inter-segment revenue 分部間收益 239 30 (269)	205,158 –
Total 總額 159,307 46,120 (269)	205,158
Segment results 分部業績 6,661 441 Finance income 融資收入 Finance costs 融資成本 Share of profit of a joint venture 應佔合營企業溢利 Share of losses of associates 應佔聯營公司虧損 Profit before income tax 除所得稅前溢利 Income tax expense 所得稅開支 Profit for the period 期內溢利 Depreciation of property, plant and equipment 物業、廠房及 設備折舊 3,701 3,887 – Depreciation of right-of-use assets 使用權資產折舊 7,510 1,709 – Capital expenditure 資本開支 2,517 957 –	7,102 1,249 (1,064) 897 (136)
	8,048 (2,136)
	5,912
	7,588 9,219 3,474

23

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

6 SEGMENT INFORMATION (Continued)

6 分部資料 （續）

The following tables present segment assets 下表載列分別於二零二零年九 as at 30 September 2020 and 31 March 2020 月三十日及二零二零年三月 respectively. 三十一日之分部資產。

==> picture [332 x 223] intentionally omitted <==

----- Start of picture text -----

As at 30 September 2020
於二零二零年九月三十日
Paper printing Banner printing Total
紙品印刷 噴畫印刷 總計
HK$’000 HK$’000 HK$’000
千港元 千港元 千港元
(Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核）
Segment assets 分部資產 189,233 36,856 226,089
As at 31 March 2020
於二零二零年三月三十一日
Paper printing Banner printing Total
紙品印刷 噴畫印刷 總計
HK$’000 HK$’000 HK$’000
千港元 千港元 千港元
(Audited) (Audited) (Audited)
（經審核） （經審核） （經審核）
Segment assets 分部資產 172,674 39,204 211,878
----- End of picture text -----

Segment assets for banner printing segment mainly represented property, plant and equipment, right-of-use assets and goodwill amounting to HK$20,144,000 (31 March 2020: HK$21,143,000), HK$5,021,000 (31 March 2020: HK$7,090,000) and HK$725,000 (31 March 2020: HK$725,000).

噴畫印刷分部的分部資產主 要指物業、廠房及設備、使用 權資產以及商譽金額分別為 20,144,000港元（二零二零年 三月三十一日：21,143,000港 元）、5,021,000 港元（二零二 零年三月三十一日：7,090,000 港元）及725,000港元（二零二 零年三月三十一日：725,000港 元）。

24 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

6 SEGMENT INFORMATION (Continued)

6 分部資料 （續）

A reconciliation of segment assets to total assets is provided as follows:

分部資產與資產總額對賬如下：

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----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Segment assets 分部資產 226,089 211,878
Investments in associates 於聯營公司的投資 1,674 2,407
Investments in joint ventures 於合營企業的投資 12,487 11,792
Cash and cash equivalents 現金及現金等值項目 93,335 101,525
Total assets 資產總額 333,585 327,602
----- End of picture text -----

7 OPERATING PROFIT

7 營運溢利

Operating profit is stated after charging/ (crediting) the following:

營運溢利於扣除╱（計入）以下 各項後呈列：

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----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Depreciation of property, 物業、廠房及設備折舊
plant and equipment 6,303 7,588
Depreciation of right-of-use assets 使用權資產折舊 10,578 9,219
Recovery of trade receivables 收回先前撇銷的貿易應收款項
previously written off (12) (12)
Loss on disposal of property, 出售物業、廠房及設備虧損
plant and equipment 519 773
Net exchange loss/(gain) 匯兌虧損╱（收益）淨額 169 (255)
Cost of materials 材料成本 23,499 28,354
Subcontracting fee 外判費用 30,405 68,685
Operating lease for short-term and 短期及低價值租賃的
low value lease 經營租賃 956 2,700
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25

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

==> picture [353 x 247] intentionally omitted <==

----- Start of picture text -----

8 FINANCE INCOME – NET 8 融資收入－淨額
Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Finance income 融資收入
Interest income from bank deposits 銀行存款利息收入 303 733
Interest income from loan receivables 應收貸款利息收入 1,104 516
Unwinding of interests on refundable 可退還租金押金的平倉利息
rental deposits 120 –
1,527 1,249
Finance costs 融資成本
Interest expenses on lease liabilities 租賃負債利息開支 (624) (780)
Interest expenses on borrowings 借貸利息開支 (233) (284)
(857) (1,064)
Finance income – net 融資收入 – 淨額 670 185
9 INCOME TAX EXPENSE 9 所得稅開支
----- End of picture text -----

	Six months ended 30 September 截至九月三十日止六個月 2020 2019 二零二零年 二零一九年 HK$’000 HK$’000 千港元 千港元 (Unaudited) (Unaudited) （未經審核） （未經審核）
Current income tax 當期所得稅
– Hong Kong profits tax –香港利得稅	973 2,360
– PRC corporate income tax –中國企業所得稅	– 34
Under provision in prior years 過往年度撥備不足	– 10
Deferred income tax 遞延所得稅	89 (268)
Income tax expense 所得稅開支	1,062 2,136
Taxation on profits has been calculated on the	溢利稅項已就截至二零二零年
estimated assessable profits for the six months	九月三十日止六個月的估計應
ended 30 September 2020 at the rates of	課稅溢利按本集團經營業務所
taxation prevailing in the countries/places in	在國家╱地區的現行稅率計算。
which the Group operates. Income tax expenses	所得稅開支乃基於管理層對完
is recognised based on management’s estimate	整財政年度的預期加權平均年
of the weighted average annual income tax rate	度所得稅率的估計確認。
expected for the full financial year.

eprint Group Limited eprint 集團有限公司

26

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

10 EARNINGS PER SHARE

10 每股盈利

(a) Basic

(a) 基本

Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares in issue for the six months ended 30 September 2020 and 2019.

每股基本盈利乃根據本公司權 益持有人應佔溢利除以截至二 零二零年及二零一九年九月 三十日止六個月已發行普通股 加權平均數計算。

==> picture [332 x 154] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Profit attributable to the equity holders 本公司權益持有人應佔溢利
of the Company (HK$’000) （千港元） 5,181 5,962
Weighted average number of ordinary 已發行普通股加權平均數
shares in issue (thousands) （千股） 550,000 550,000
Basic earnings per share (HK cents) 每股基本盈利（港仙） 0.94 1.08
----- End of picture text -----

(b) Diluted

(b) 攤薄

For the six months ended 30 September 2020 and 2019, diluted earnings per share is the same as the basic earnings per share as there was no dilutive potential ordinary shares.

截至二零二零年及二零一九年 九月三十日止六個月，由於並 無潛在攤薄普通股，每股攤薄 盈利與每股基本盈利相同。

27

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

11 DIVIDENDS

11 股息

A dividend of HK$8,800,000 that relates to the year ended 31 March 2019 was paid in September 2019.

於二零一九年九月已支付截至 二零一九年三月三十一日止年 度之股息8,800,000港元。

The Board resolved not to declare an interim dividend for the six months ended 30 September 2020 (2019: Nil).

董事會決議不宣派截至二零二 零年九月三十日止六個月之中 期股息（二零一九年：無）。

12 PROPERTY, PLANT AND EQUIPMENT

12 物業、廠房及設備

During the six months ended 30 September 2020, the Group acquired assets with a cost of HK$1,782,000 (six months ended 30 September 2019: HK$3,474,000).

截至二零二零年九月三十日止 六個月，本集團購入的資產，按 成本計為1,782,000港元（截至 二零一九年九月三十日止六個 月：3,474,000港元）。

13 OTHER FINANCIAL ASSETS AT 13 按攤銷成本列賬之其他金 AMORTISED COST 融資產

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----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Loan receivables 應收貸款 42,724 16,200
42,724 16,200
Less: loss allowance 減：虧損撥備 (2,402) (2,402)
40,322 13,798
Less: current portion 減：流動部分 (11,514) (12,965)
Non-current portion 非流動部分 28,808 833
----- End of picture text -----

28 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

13 OTHER FINANCIAL ASSETS AT AMORTISED COST (Continued)

The movement in other financial assets at amortised cost is summarised as follows:

• 13 按攤銷成本列賬之其他金 融資產 （續）

按攤銷成本列賬之其他金融資 產之變動概述如下：

==> picture [332 x 136] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
At beginning of the period 期初 13,798 10,019
Addition 添置 28,691 5,600
Redemption 贖回 (2,167) (514)
At end of the period 期末 40,322 15,105
----- End of picture text -----

Management considered that the loans receivables are low risk, and therefore the impairment provision is determined at 12 months expected credit losses. Applying the expected credit risk model resulted in the recognition of a loss allowance of HK$2,402,000 as at 30 September 2020 and 31 March 2020 for the loan receivables.

管理層認為應收貸款屬低風險， 因此減值撥備乃按12個月預期 信貸虧損釐定。於二零二零年 九月三十日及二零二零年三月 三十一日，採用預期信貸虧損 模式使確認應收貸款虧損撥備 2,402,000港元。

The loan receivables are dominated in Hong Kong dollar as at 30 September 2020 and 31 March 2020.

於二零二零年九月三十日及二 零二零年三月三十一日，應收 貸款均以港元計值。

The maximum exposure to credit risk at the reporting date is the carrying value of the loan receivables.

於報告日期最大信貸風險為應 收貸款的賬面值。

29

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

14 FINANCIAL ASSETS AT FAIR VALUE 14 透過損益按公允價值列賬 THROUGH PROFIT OR LOSS 之金融資產

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----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Fair value of mutual fund investments 互惠基金投資的公允價值 21,734 25,182
Fair value of convertible bond 可換股債券的公允價值 160 160
Listed equity investment 上市股本投資 125 127
22,019 25,469
----- End of picture text -----

The listed equity investments represent shares listed on the Stock Exchange.

上市股本投資指於聯交所上市 的股份。

The fair values of the listed equity investments and mutual fund investments are based on quoted prices in active markets and are classified within level 1 of the fair value hierarchy.

上市股本投資及互惠基金投資 的公允價值乃根據於活躍市場 的報價計算且歸類於公允價值 層級的第一級內。

On 6 March 2020, the issuer of the unlisted bond security, National Arts Entertainment and Culture Group Ltd (“National Arts”), revised creditor’s scheme and converted into a convertible bond. The instrument is unsecured with a maturity term of five years and carries interest at 1% per annum.

於二零二零年三月六日，未上 市債券證券發行人國藝娛樂文 化集團有限公司（「國藝」）修訂 債權人計劃並將未上市債券證 券轉換為可換股債券。該工具 為無抵押的、期限為五年及按 年利率1%計息。

30 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

14 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Continued)

• 14 透過損益按公允價值列賬 之金融資產 （續）

The fair value of the convertible bond is based on binomial model and is classified within level 3 of the fair value hierarchy.

可換股債券的公允價值基於二 項式模型，並被歸類於公允價 值層級的第三級內。

Financial assets at fair value through profit or loss are presented within investing activities in the condensed interim consolidated statement of cash flows.

透過損益按公允價值列賬之金 融資產呈列於簡明中期合併現 金流量表之投資活動內。

Changes in fair value of financial assets at fair value through profit or loss are recorded in ‘Other gains/(losses) – net’ in the condensed interim consolidated statement of comprehensive income.

透過損益按公允價值列賬之金 融資產的公允價值變動載於簡 明中期合併綜合收益表「其他 收益╱（虧損）－淨額」內。

15 INVESTMENTS IN JOINT VENTURES

15 於合營企業的投資

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----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
At beginning of the period/year 期╱年初 11,792 10,084
Addition 添置 – 1,000
Share of (losses)/profits of 應佔合營企業
joint ventures （虧損）╱溢利 (224) 1,648
Exchange differences 匯兌差額 919 (940)
At end of the period/year 期╱年末 12,487 11,792
----- End of picture text -----

31

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

15 INVESTMENTS IN JOINT VENTURES

15 於合營企業的投資 （續）

(Continued)

Details of the Group’s investments in joint ventures are as follows:

本集團於合營企業的投資詳情 如下：

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Percentage of ownership interest
所有權權益百分比
Place of business/ 30 September 31 March
Name of company country of incorporation 2020 2020 Principal activities Measurement method
營業地點╱ 二零二零年 二零二零年
公司名稱 註冊成立國家 九月三十日 三月三十一日 主要業務活動 計量方法
e-print Solutions Malaysia 29.77% 30% Provision of printing Equity
Sdn. Bhd. services
e-print Solutions 馬來西亞 29.77% 30% 提供印刷服務 權益法
Sdn. Bhd.
Top Success Investment BVI 50% 50% Provision of Equity
Group Limited leasing of yacht
北方鼎盛投資控股 英屬處女群島 50% 50% 提供遊艇租賃 權益法
有限公司
----- End of picture text -----

16 INVESTMENTS IN ASSOCIATES

16 於聯營公司的投資

==> picture [332 x 171] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
At beginning of the period/year 期╱年初 2,407 1,158
Addition 添置 500 1,000
Share of (losses)/profits of associates 應佔聯營公司（虧損）╱溢利 (1,233) 249
Exchange difference 匯兌差額 – –
At end of the period/year 期╱年末 1,674 2,407
----- End of picture text -----

eprint Group Limited eprint 集團有限公司

32

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

16 INVESTMENTS IN ASSOCIATES

16 於聯營公司的投資 （續）

(Continued)

Details of the Group’s investments in associates are as follows:

本集團於聯營公司的投資詳情 如下：

==> picture [330 x 224] intentionally omitted <==

----- Start of picture text -----

Effective interest held as at
持有的實際權益
Place of business/
country of 30 September 31 March
Name of company incorporation 2020 2020 Principal activities Measurement method
營業地點╱ 二零二零年 二零二零年
公司名稱 註冊成立國家 九月三十日 三月三十一日 主要業務活動 計量方法
Shenzhen Yiyun Internet The PRC 30% 30% Provision of cloud Equity
Technology Company printing services
Limited
深圳憶雲互網通 中國 30% 30% 提供雲印刷服務 權益法
科技有限公司
Sakura Japan Property Hong Kong 20% 20% Provision of real estate Equity
(Hong Kong) Limited agency services
櫻之不動產（香港） 香港 20% 20% 提供房地產 權益法
有限公司 代理服務
e-post Limited Hong Kong 40% 40% Investment holding Equity
e-post Limited 香港 40% 40% 投資控股 權益法
----- End of picture text -----

33

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

17 TRADE RECEIVABLES

17 貿易應收款項

==> picture [332 x 139] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Trade receivables 貿易應收款項 4,925 4,493
Less: loss allowance 減：虧損撥備 (325) (325)
Trade receivables – net 貿易應收款項－淨額 4,600 4,168
----- End of picture text -----

The Group’s credit terms granted to customers of printing services are mainly cash on delivery and on credit. Our average credit period offered to customers ranges from 30 days to 60 days.

本集團授予印刷服務客戶的信 貸條款，主要是現金交收及信 貸方式。授予客戶的平均信貸 期為30日至60日。

The ageing analysis of the gross trade receivables based on the invoice date is as follows:

貿易應收款項按發票日期計算 的毛額賬齡分析如下：

==> picture [332 x 149] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Up to 30 days 不超過30日 2,658 1,821
31-60 days 31至60日 1,094 560
Over 60 days 超過60日 1,173 2,112
4,925 4,493
----- End of picture text -----

34 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

18 SHARE CAPITAL

18 股本

==> picture [332 x 195] intentionally omitted <==

----- Start of picture text -----

Equivalent nominal
Number of value of ordinary
ordinary shares shares
普通股數目 普通股對應面值
HK$’000
千港元
Authorised: 法定：
Ordinary shares of HK$0.01 each 於二零二零年九月三十日及
as at 30 September 2020 and 二零二零年三月三十一日
31 March 2020 每股面值0.01港元之普通股 10,000,000 100,000
Issued: 已發行：
As at 30 September 2020 (Unaudited) 於二零二零年九月三十日
and 31 March 2020 (Audited) （未經審核）及二零二零年
三月三十一日（經審核） 550,000 5,500
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19 TRADE PAYABLES

19 貿易應付款項

The ageing analysis of trade payables based on the invoice date is as follows:

貿易應付款項按發票日期計算 的賬齡分析如下：

==> picture [332 x 171] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Up to 30 days 不超過30日 6,607 4,091
31-60 days 31至60日 – 1,265
61-90 days 61至90日 675 –
Over 90 days 超過90日 581 642
7,863 5,998
----- End of picture text -----

35

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

20 BORROWINGS

20 借貸

==> picture [332 x 153] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Current 流動
Trust receipt loans 信託收據貸款 643 1,208
Mortgage loans 抵押貸款 19,450 19,949
20,093 21,157
----- End of picture text -----

Movements in borrowings are analysed as follows:

借貸變動的分析如下：

==> picture [332 x 144] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
At beginning of the period 期初 21,157 25,943
Increase in borrowings 借貸增加 1,267 3,951
Repayments of borrowings 償還借貸 (2,331) (7,749)
At end of the period 期末 20,093 22,145
----- End of picture text -----

The weighted average effective interest rates (per annum) were as follows:

加權平均實際利率（年率）如 下：

==> picture [332 x 104] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
(Unaudited) (Audited)
（未經審核） （經審核）
Trust receipt loans 信託收據貸款 2.6% 3.70%
Mortgage loans 抵押貸款 2.25% 2.25%
----- End of picture text -----

eprint Group Limited eprint 集團有限公司

36

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

21 LEASE LIABILITIES

21 租賃負債

==> picture [332 x 139] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Current portion 流動部分 19,452 20,200
Non-current portion 非流動部分 9,939 17,004
29,391 37,204
----- End of picture text -----

(a) Amounts recognised in the condensed (a) 於簡明中期合併收益表中確認 interim consolidated income statement 的款項

==> picture [332 x 150] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Depreciation of right-of-use assets 使用權資產折舊 10,578 9,219
Unwinding of interests on 解除租賃負債之利息
lease liabilities 624 780
Operating lease rental for short-term 短期及低價值租賃之
and low-value leases 經營租賃租金 956 2,700
----- End of picture text -----

The total cash outflow of leases for the six months ended 30 September 2020 and 2019 was approximately HK$11,061,000 and HK$9,488,000.

截至二零二零及二零一九年九 月三十日止六個月的租賃現金 流出總額約為11,061,000港元 及9,488,000港元。

37

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

21 LEASE LIABILITIES (Continued)

21 租賃負債 （續）

(b) The Group’s leasing activities

(b) 本集團之租賃活動

The Group leases various machineries and office equipments. Rental contracts are typically made for fixed periods of 1 to 5 years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease arrangements do not impose any covenants, but certain lease liabilities are effectively as the right to the leased assets revert to the lessors in the event of default. As at 30 September 2020, the net book amount of the secured right-of-use assets was approximately HK$30,197,000 (31 March 2020: HK$38,151,000).

本集團租賃各類機器及辦公設 備。租賃合約一般為 1 至 5 年的 固定期限。租賃條款乃按個別 基準磋商，包含各種不同條款 及條件。租賃安排不施加任何 契諾，惟若干租賃負債為有效， 此乃因為倘有違約，租賃資產 之權利則歸出租人所有。於二 零二零年九月三十日，有抵押 使用權資產的賬面淨值約為 30,197,000港元（二零二零年 三月三十一日：38,151,000港 元）。

22 COMMITMENTS

22 承擔

(a) Capital commitments

(a) 資本承擔

Capital expenditure contracted for at the end of each reporting date but not provided for is as follows:

每個報告日期結束時訂有但尚 未撥備的資本開支如下：

==> picture [332 x 118] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Investment in an associate 於一間聯營公司的投資 4,271 4,100
Property, plant and equipment 物業、廠房及設備 174 –
----- End of picture text -----

38 eprint Group Limited eprint 集團有限公司

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

22 COMMITMENTS (Continued)

22 承擔 （續）

(b) Operating lease commitments – Group as lessor

(b) 營運租賃承擔－本集團作為出 租人

The Group leases out a property under noncancellable operating lease agreement. The lease term is within 1 year. The future minimum lease receipt is as follows:

本集團根據不可撤銷營運租賃 協議出租一項物業。租賃期限 為一年內。未來應收之最低租 賃款項如下：

==> picture [332 x 108] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 31 March
2020 2020
於二零二零年 於二零二零年
九月三十日 三月三十一日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Not later than 1 year 一年以內 21 –
----- End of picture text -----

23 RELATED PARTY DISCLOSURES

23 關連方披露

Parties are considered to be related to the Group if the party has the ability, directly or indirectly, to exercise control of significant influence over the Group in making financial and operating decisions, or vice versa. Related parties may be individuals (being members of key management personnel, significant shareholders and/or their close family members) or other entities and include entities which are under the significant influence of related parties of the Group where those parties are individuals. Parties are also considered to be related if they are subject to common control.

倘有關方能夠直接或間接對本 集團的財務及經營決策的重大 影響力行使控制權，則有關方 被視為與本集團相關連，反之 亦然。關連方可為個人（即主要 管理成員、主要股東及╱或彼等 的近親家屬成員）或其他實體， 包括受本集團關連方（為個人） 重大影響的實體。倘有關方受 共同控制，則亦視為相關連。

39

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

23 RELATED PARTY DISCLOSURES

23 關連方披露 （續）

(Continued)

The Directors are of the view that the following individuals and companies were related parties that had transactions or balances with the Group during the period:

董事認為，下列人士及公司為 於期內曾與本集團進行交易或 存在結餘的關連方：

Name of related party Relationship with the Group 關連方名稱 與本集團的關係 Mr. Chan Kong Hung Chris Non-controlling interests of a subsidiary of the Group 陳剛雄先生 本集團附屬公司的非控股權益 Mr. Foo Pei Pan Non-controlling interests of a subsidiary of the Group 傅備斌先生 本集團附屬公司的非控股權益 Mr. Cheng Sze Tok Non-controlling interests of a subsidiary of the Group 鄭思鐸先生 本集團附屬公司的非控股權益 Ms. Wong Man Yee Non-controlling interests of a subsidiary of the Group 王敏儀女士 本集團附屬公司的非控股權益 CTP Limited Controlled by the directors of the Company CTP Limited 由本公司董事控制 e-print Solutions Sdn. Bhd. Joint venture of the Group e-print Solutions Sdn. Bhd. 本集團的合營企業 eprint Limited Ultimate holding company (Note i) eprint Limited 最終控股公司（附註i ） e-post Limited Associate of the Group e-post Limited 本集團的聯營公司 Montana Capital Sdn Bhd Controlled by an joint venture of the Group Montana Capital Sdn Bhd 由本集團合營企業控制 King Profit International Limited Controlled by the directors of the Company 至利國際有限公司 由本公司董事控制 Protoss IT Sdn Bhd Controlled by an joint venture of the Group Protoss IT Sdn Bhd 由本集團合營企業控制

eprint Group Limited eprint 集團有限公司

40

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

23 RELATED PARTY DISCLOSURES

23 關連方披露 （續）

(Continued)

Name of related party Relationship with the Group 關連方名稱 與本集團的關係 Profit More Rich Limited Controlled by the directors of the Company 盈富多有限公司 由本公司董事控制 Promise Properties Limited Controlled by the directors of the Company 保諾時物業有限公司 由本公司董事控制 Sakura Japan Property (Hong Kong) Associate of the Group Limited 櫻之不動產（香港）有限公司 本集團的聯營公司 Sakura Global Property Limited Controlled by an associate of the Group 櫻之環球置業有限公司 由本集團聯營公司控制 Top Success Investment (Hong Kong) Controlled by a joint venture of the Group Limited 北方鼎盛投資（香港）有限公司 由本集團合營企業控制 VVV Limited Controlled by the directors of the Company VVV Limited 由本公司董事控制

Notes:

附註：

• i The Company is controlled by eprint Limited, which owns 56.9% of the Company’s shares as at 31 March 2020 and 2019, and is beneficially owned by Mr. She Siu Kee William, Mr. Chong Cheuk Ki, Mr. Lam Shing Kai, Mr. Leung Wai Ming, and Mr. Leung Yat Pang. The directors consider eprint Limited, a company incorporated in the BVI, being the immediate and the ultimate holding company.

• i 本公司由 eprint Limited控 制。於二零二零年及二零 一九年三月三十一日，eprint Limited擁有本公司56.9% 的股份，並由佘紹基先生、 莊卓琪先生、林承佳先生、 梁衞明先生及梁一鵬先生 實益擁有。董事認為 eprint Limited（於英屬處女群島註 冊成立之公司）為直接及最 終控股公司。

Interim Report 2020 二零二零年中期報告

41

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

23 RELATED PARTY DISCLOSURES 23 關連方披露 （續） (Continued) (a) Related party transactions (a) 關連方交易

Save as disclosed elsewhere in this condensed 除於本簡明中期合併財務資料 interim consolidated financial information, 其他地方所披露者外，本集團 the Group has the following related party 期內有以下關連方交易： transactions during the period:

==> picture [332 x 345] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Rental expense of plants and 應付或已付於香港的廠房
machinery, premises, stores 及機器、處所、商店及
and carpark in Hong Kong 停車場租金開支
payable or paid
– CTP Limited －CTP Limited 2,790 2,632
– Profit More Rich Limited －盈富多有限公司 381 360
– Promise Properties Limited －保諾時物業有限公司 896 845
– VVV Limited －VVV Limited 1,087 983
– King Profit International Limited －至利國際有限公司 257 243
5,411 5,063
Emoluments payable or paid 應付或已付薪酬
– Mr. Chan Kong Hung Chris －陳剛雄先生 402 431
– Mr. Foo Pei Pan －傅備斌先生 402 431
– Mr. Cheng Sze Tok －鄭思鐸先生 402 431
1,206 1,293
Subcontracting fee payable or paid 應付或已付外判費用
– Protoss IT Sdn. Bhd. －Protoss IT Sdn. Bhd. 9 10
9 10
----- End of picture text -----

eprint Group Limited eprint 集團有限公司

42

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION

簡明中期合併財務資料附註

23 RELATED PARTY DISCLOSURES 23 關連方披露 （續） (Continued) (a) Related party transactions (Continued) (a) 關連方交易 （續）

==> picture [332 x 370] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
I.T. license fee income (refunded)/ （已退回）╱應收或已收資訊
receivable or received 科技許可費收入
– e-print Solutions Sdn. Bhd. －e-print Solutions Sdn. Bhd. 54 57
Interest income receivable or received 應收或已收利息收入
– e-post Limited －e-post Limited 86 –
– Top Success Investment －北方鼎盛投資（香港）
(Hong Kong) Limited 有限公司 309 –
395 –
Revenue from sales of goods and 應收或已收銷售貨品及
services receivable or received 服務收益
– e-print Solutions Sdn. Bhd. －e-print Solutions Sdn. Bhd. 70 577
– Protoss IT Sdn. Bhd. －Protoss IT Sdn. Bhd. 542 333
– Sakura Japan Property －櫻之不動產（香港）
(Hong Kong) Limited 有限公司 – 9
– Sakura Global Property Limited －櫻之環球置業有限公司 6 33
618 952
Rental income of store in Hong Kong 應收或已收於香港的店舖
receivable or received 租金收益
– Sakura Japan Property －櫻之不動產（香港）
(Hong Kong) Limited 有限公司 – 36
----- End of picture text -----

These transactions are carried out on terms agreed with the counter-parties in the ordinary course of business.

該等交易乃按與交易對方於日 常業務過程中議定的條款進行。

43

Interim Report 2020 二零二零年中期報告

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION 簡明中期合併財務資料附註

23 RELATED PARTY DISCLOSURES 23 關連方披露 （續） (Continued)

(b) Related parties balances

(b) 關連方結餘

The amounts due from related companies, the 應收關連公司款項、應付關連 amount due to related companies and amounts 公司款項及應付董事款項為無 due to directors are unsecured, interest-free and 抵押、免息及按要求償還。該等 repayable on demand. The fair values of these 結餘的公允價值與其賬面值相 balances approximate their carrying values. 若。

(c) Compensation of key management personnel

(c) 主要管理人員薪酬

The remuneration of directors during the period 董事於期內的薪酬如下： is as follows:

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----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Fees 袍金 990 1,148
Salaries and allowances 薪金及津貼 1,461 1,941
Performance bonuses 表現花紅 – 1,388
Pension costs – contributions to 退休金成本－向界定供款
defined contribution plans 計劃供款 9 18
2,460 4,495
----- End of picture text -----

44 eprint Group Limited eprint 集團有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

BUSINESS REVIEW

The Board presents to its shareholders the results of the Group for the six months ended 30 September 2020. Being affected by the macroeconomic downturn and the novel coronavirus disease (“COVID-19”) outbreak (the “Coronavirus Outbreak”), the overall business environment was challenging during the six months ended 30 September 2020. The Coronavirus Outbreak and the macroeconomic downturn had adversely impacted the overall market demand which resulted in the decrease in the orders from customers compared with same period of last year. Although the overall market demand and sales volume being affected by the deteriorating business environment, we continuously closely monitored the situation and taken actions to minimize the impact. With the drop in the sales orders, we changed our strategy by reducing the outsourced processing to subcontractors and therefore the subcontracting costs of the Group decreased a lot during the reporting period. The Group’s revenue amounted to HK$128.4 million and HK$205.2 million for the six months ended 30 September 2020 and 2019. Although the sales volume of the Group decreased, gross profit margin increased from 35.2% for the six months ended 30 September 2019 to 37.5% for the six months ended 30 September 2020 as the result of cost control measures. The Group’s unaudited profit attributable to equity holders for the six months ended 30 September 2020 was HK$5.2 million, representing a decrease of 13.1% as compared with that of the period ended 30 September 2019. The decrease in net profit was mainly due to the the decline in the orders from customers during the economic uncertainty caused by the Coronavirus Outbreak.

業務回顧

董事會向股東提呈本集團截至二零 二零年九月三十日止六個月的業績。 受宏觀經濟下滑及新型冠狀病毒病 （「 COVID-19 」）疫情（「冠狀病毒病 疫情」）的影響，截至二零二零年九月 三十日止六個月，整體營商環境充滿 挑戰。冠狀病毒病疫情及宏觀經濟下 行已對整體市場需求造成不利影響， 導致客戶訂單與去年同期相比有所 下降。儘管整體市場需求及銷量受到 營商環境不斷惡化的影響，但我們持 續密切監察情況並採取措施將影響 降至最低。隨著銷售訂單減少，我們 改變策略，減少了外包予分包商的加 工，因此，本集團的分包成本於報告 期間內下降很多。截至二零二零年及 二零一九年九月三十日止六個月， 本集團收益分別為128,400,000港元 及205,200,000港元。儘管本集團的 銷量有所下降，但由於採取成本控制 措施，毛利率由截至二零一九年九月 三十日止六個月的35.2%增加至截至 二零二零年九月三十日止六個月的 37.5%。截至二零二零年九月三十日 止六個月，本集團的權益持有人應佔 未經審核溢利為5,200,000港元，較截 至二零一九年九月三十日止期間減少 13.1%。純利下降主要由於冠狀病毒 病疫情導致經濟不確定期間客戶訂單 減少。

Interim Report 2020 二零二零年中期報告

45

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

For the Group’s paper printing segment, the revenue decreased by 35.9% from HK$159.1 million to HK$102.0 million. The advertising printing was still the major contributor to the segment’s revenue and recorded an amount of HK$39.4 million, representing 30.7% of the Group’s total revenue for the current period. The segment’s gross profit margin increased from 34.6% to 37.3%, the increase was mainly contributed by the effective cost control. Without the fair value loss of HK$5.2 million incurred on the listed equity investment held for the six months ended 30 September 2019, the segment’s operating profits increased from HK$6.7 million to HK$7.8 million even though the revenue dropped during the reporting period.

For the Group’s banner printing segment, the revenue dropped by 42.7% when compared with the same period of last year. The segment’s gross profit decreased by HK$7.7 million or 43.4% when compared with the same period of last year. The decrease in gross profit was in line with the decrease in sales volume for the six months ended 30 September 2020.

On 27 September 2018, Promise Network Printing Limited (the “Lender”), an indirect wholly-owned subsidiary of the Company, entered into the initial loan agreement (the “Initial Loan Agreement”) with Sun Cheong Paper Development Limited (the “Borrower”), pursuant to which the Lender agreed to provide the initial loan (the “Initial Loan”) to the Borrower in the principal amount of HK$10,000,000 for a period of one year commencing from the date of the Initial Loan Agreement at an interest rate of 10% per annum.

On 27 September 2019, the Lender entered into the second loan agreement (the “Second Loan Agreement”) with the Borrower, pursuant to which the Lender agreed to provide the loan to the Borrower in the principal amount of HK$15,000,000 (including the outstanding principal amount of the Initial Loan of HK$10,000,000 and an additional principal amount of HK$5,000,000) (the “Second Loan”), for a period of one year commencing from the date of the Second Loan Agreement at an interest rate of 9% per annum.

就本集團紙品印刷分部而言，收益 由 159,100,000 港元下降 35.9% 至 102,000,000港元。廣告印刷仍然是 該分部收益的主要貢獻來源，並錄得 39,400,000 港元，佔本期間本集團 總收益的30.7%。該分部的毛利率由 34.6%增加至37.3%，該增幅主要由 於有效的成本控制。若不計及截至二 零一九年九月三十日止六個月所持 上市股本投資產生的公允價值虧損 5,200,000港元，即使報告期間收益 有所下降，惟該分部的經營利潤由 6,700,000港元增至7,800,000港元。

就本集團噴畫印刷分部而言，收益較 去年同期下降42.7%。與去年同期相 比，該分部的毛利減少7,700,000港 元或43.4%。毛利減少與截至二零二 零年九月三十日止六個月銷量減少一 致。

於二零一八年九月二十七日，本公 司間接全資附屬公司保諾時網上印 刷有限公司（「貸款人」）與新昌紙業 發展有限公司（「借款人」）訂立初始 貸款協議（「初始貸款協議」），據此 貸款人同意向借款人提供本金額為 10,000,000港元之初始貸款（「該初 始貸款」），該初始貸款自初始貸款協 議日期起計一年，年利率為10%。

於二零一九年九月二十七日，貸款人 與借款人訂立第二份貸款協議（「第 二份貸款協議」），據此貸款人同意 向借款人提供本金額為15,000,000 港元（其中包括未償還本金額為 10,000,000港元之該初始貸款及本金 額5,000,000港元之額外貸款）之貸款 （「第二筆貸款」），第二筆貸款自第二 份貸款協議日期起計一年，年利率為 9%。

46 eprint Group Limited eprint 集團有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

On 27 September 2020, the Lender entered into the renewed loan agreement (the “Renewed Loan Agreement”) with the Borrower in relation to the provision of the loan by the Lender to the Borrower in the principal amount of HK$13,000,000 (including the outstanding principal amount of the second loan on 27 September 2019 of HK$13,000,000), for a period of one year commencing from the date of the Renewed Loan Agreement at an interest rate of 8% per annum.

OUTLOOK

During the six months ended 30 September 2020, the Group faced challenging business environment and the sales volume was impacted by the Coronavirus Outbreak and the macroeconomic downturn. With the current economic condition and the Coronavirus Outbreak, the macroeconomic environment as a whole remains uncertain in the coming future. The management of the Group expects that the operating environment in Hong Kong will remain challenging in the coming period. Although the business environment is difficult, the Group will continuously closely monitor the situation, overcome the challenges and take actions to minimize the operating costs in order to maintain the profitability and maximize the shareholders value.

Besides minimizing the operating costs, the Group will continue to put efforts to make use of its solid financial resources and proactively explore different business opportunities to diversify the business portfolio.

Under the leadership of the Board, the management of the Group has formed a broad consensus in response to the Group’s key development areas. The Group will continue to strengthen its leading market position and increase market share by adopting the following approaches:

• Strengthening the cost control to achieve competitive pricing strategy.

• Improving the customers experience by expanding the product mix and offering the customization of the products and services.

• Continuously enhancing the value added services, including but not limited to the e-print mobile application, online self-service platform, phone ordering system and logistics system.

於二零二零年九月二十七日，貸款 人與借款人訂立續簽貸款協議（「續 簽貸款協議」），內容有關貸款人向 借款人提供本金額為13,000,000 港 元之貸款（包括於二零一九年九月 二十七日第二筆貸款之未償還本金額 13,000,000港元），該貸款自續簽貸 款協議日期起計一年，年利率為8%。

展望

截至二零二零年九月三十日止六個 月，本集團的營商環境充滿挑戰且銷 量受到冠狀病毒病疫情及宏觀經濟 下滑的影響。鑑於目前的經濟狀況及 冠狀病毒病疫情，未來宏觀經濟環境 總體仍不明朗。本集團管理層預計香 港的經營環境在未來期間仍將充滿挑 戰。儘管營商環境艱難，但本集團將 持續密切監察情況，克服挑戰並採取 措施盡量降低營運成本，以維持盈利 能力及最大限度地提升股東價值。

除盡量降低營運成本外，本集團將繼 續努力利用其雄厚的財務資源及積極 開拓不同的商機以將業務組合多元 化。

在董事會的領導下，本集團的管理層 就應對本集團的主要發展領域達成廣 泛共識。本集團將繼續透過採用以下 策略鞏固其領先的市場地位及增加市 場份額：

• 加強成本控制以實現具競爭力 的定價策略。

• 通過擴大產品組合及提供定製 產品及服務提升客戶體驗。

• 不斷提升增值服務，包括但不 限於 e-print移動應用程式、在線 自助平台、電話訂購系統及物 流系統。

Interim Report 2020 二零二零年中期報告

47

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

FINANCIAL REVIEW

Revenue

Income from the provision of printing services in Hong Kong decreased by HK$76.8 million or 37.4% from HK$205.2 million for the six months ended 30 September 2019 to HK$128.4 million for the six months ended 30 September 2020. The decline was primarily due to the reduced orders from customers during the economic uncertainty caused by the Coronavirus Outbreak. The following table sets forth a breakdown of the revenue by service category and their respective percentage of the total revenue for the periods indicated.

財務回顧

收益

在香港提供印刷服務所得的收益由截 至二零一九年九月三十日止六個月 的205,200,000港元減少76,800,000 港元或37.4%至截至二零二零年九月 三十日止六個月的128,400,000港元。 下降主要由於冠狀病毒病疫情導致 經濟不明朗期間客戶訂單減少所致。 下表載列按服務類別劃分的收益明細 及其各自佔於所示期間的總收益百分 比。

==> picture [354 x 130] intentionally omitted <==

----- Start of picture text -----

2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Advertising printing 廣告印刷 39,387 30.7% 63,921 31.1%
Bound book printing 精裝圖書印刷 29,118 22.7% 50,643 24.7%
Stationery printing 文具印刷 27,943 21.8% 38,320 18.7%
Banner printing 噴畫印刷 23,655 18.4% 40,317 19.7%
Other services 其他服務 8,272 6.4% 11,957 5.8%
Total 總計 128,375 100% 205,158 100%
----- End of picture text -----

The advertising printing was still the major contributor of the revenue, which accounted for 30.7% of the total revenue for the six months ended 30 September 2020.

廣告印刷仍為收益主要來源，佔截至 二零二零年九月三十日止六個月總收 益的30.7%。

==> picture [354 x 131] intentionally omitted <==

----- Start of picture text -----

Six months ended 30 September
截至九月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
Sales Channels (Unaudited) (Unaudited)
銷售渠道 （未經審核） （未經審核）
Stores 商店 23,329 18.2% 34,151 16.6%
Websites 網站 68,951 53.7% 105,875 51.6%
Others (Note) 其他（附註） 36,095 28.1% 65,132 31.8%
Total 總計 128,375 100.0% 205,158 100.0%
----- End of picture text -----

Note: “Others” refers to revenue derived from orders received over the telephone, through e-mail, e-print mobile application and “Photobook” program.

附註：「其他」指通過電話、電郵、e-print移 動應用程式及「Photobook 」程式接 獲的訂單所得的收益。

48 eprint Group Limited eprint 集團有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

Websites remained the major sales channel and it contributed 53.7% of total revenue for the six months ended 30 September 2020. The sales contributed by stores slightly increased from 16.6% for the six months ended 30 September 2019 to 18.2% for the six months ended 30 September 2020.

Other income

Other income primarily mainly comprises the sales of scrap materials. For the six months ended 30 September 2020 and 2019, other income amounted to HK$1.4 million and HK$1.3 million respectively.

Other gains/(losses) – net

Other gains/(losses) – net mainly comprises the fair value changes on the financial assets and the losses on disposal of property, plant and equipment. The Group incurred the net loss of HK$5.7 million for the six months ended 30 September 2019 while it generated the net gain of HK$1.4 million for the current period. The net gain was mainly attributable to the increase in the fair value of the mutual fund investments for the six months ended 30 September 2020.

Selling and distribution expenses

Selling and distribution expenses mainly consisted of staff costs, distribution costs, handling charges for electronic payments. Selling and distribution expenses represent 10.1% and 9.7% of the revenue for the six months ended 30 September 2020 and 2019, respectively. The decrease of HK$7.0 million or 35.1% was mainly due to the decrease in staff cost of HK$3.0 million and delivery charges by HK$2.0 million.

Administrative expenses

Administrative expenses primarily comprised directors’ remunerations, staff costs and outsourced customer support expenses. Administrative expenses represent 24.1% and 19.8% of the total revenue for the six months ended 30 September 2020 and 2019 respectively. The amount decreased by HK$9.6 million from HK$40.6 million for the six months ended 30 September 2019 to HK$31.0 million for the six months ended 30 September 2020. The decrease in expenses was the result of the decreased staff costs and outsourced customer support expenses in the amount of approximately HK$5.6 million and HK$2.6 million.

截至二零二零年九月三十日止六個 月，網站仍為主要銷售渠道，貢獻總 收益的53.7%。商店的銷售貢獻由截 至二零一九年九月三十日止六個月的 16.6%略增加至截至二零二零年九月 三十日止六個月的18.2%。

其他收入

其他收入主要包括廢料銷售。截至二 零二零年及二零一九年九月三十日止 六個月，其他收入分別為1,400,000港 元及1,300,000港元。

其他收益╱（虧損）－淨額

其他收益╱（虧損）－淨額主要包括金 融資產的公允價值變動及出售物業、 廠房及設備產生的虧損。截至二零一九 年九月三十日止六個月，本集團產生虧 損淨額5,700,000港元，而本期間則錄 得收益淨額1,400,000港元。錄得收益 淨額主要是由於截至二零二零年九月 三十日止六個月互惠基金投資公允價 值增加所致。

銷售及分銷開支

銷售及分銷開支主要包括員工成本、 分銷成本、電子付款的手續費。截至二 零二零年及二零一九年九月三十日止 六個月，銷售及分銷開支分別佔收益的 10.1%及9.7%。減少7,000,000港元或 35.1%主要是由於員工成本及運輸支出 分別減少3,000,000港元及2,000,000港 元所致。

行政開支

行政開支主要包括董事酬金、員工成 本及外判客戶支援開支。截至二零二 零年及二零一九年九月三十日止六個 月，行政開支分別佔總收益的24.1%及 19.8%。有關金額由截至二零一九年九 月三十日止六個月的40,600,000港元 減少9,600,000港元至截至二零二零年 九月三十日止六個月的31,000,000港 元。開支減少乃由於員工成本及外判 客戶支援開支減少約5,600,000港元及 2,600,000港元所致。

49

Interim Report 2020 二零二零年中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

Finance income

Finance income primarily represented the interest income generated from the bank deposits and the loan receivables.

Finance costs

Finance costs primarily consist of interest expenses on bank borrowings and interest expenses on lease liabilities.

Share of (losses)/profit of joint ventures

Share of (losses)/profit of joint ventures represented the share of results of the Group’s joint ventures. As at 30 September 2020, the Group had two joint ventures in Malaysia and Hong Kong, namely e-print Solutions Sdn. Bhd. and Top Success Investment Group Limited respectively.

Share of losses of associates

Share of losses of associates represented the share of results of the Group’s associates. As at 30 September 2020, the Company had three associates operating in the PRC and Hong Kong respectively.

Profit for the period attributable to equity holders of the Company

Profit for the period attributable to equity holders of the Company decreased by HK$0.8 million or 13.1%, from HK$6.0 million for the six months ended 30 September 2019 to HK$5.2 million for the six months ended 30 September 2020. Net profit margin increased from 2.9% for the six months ended 30 September 2019 to 4.0% for the six months ended 30 September 2020. The decrease in the profit for the period attributable to equity holders of the Company was mainly caused by the reduced orders from customers.

融資收入

融資收入主要指銀行存款及應收貸款 產生的利息收入。

融資成本

融資成本主要包括銀行借貸的利息開 支及租賃負債的利息開支。

應佔合營企業（虧損）╱溢利

應佔合營企業（虧損）╱溢利指應佔本 集團合營企業業績。於二零二零年九月 三十日，本集團分別於馬來西亞及香港 擁有兩間合營企業，即e-print Solutions Sdn. Bhd.及北方鼎盛投資控股有限公 司。

應佔聯營公司虧損

應佔聯營公司虧損指應佔本集團聯營 公司業績。於二零二零年九月三十日， 本公司分別於中國及香港經營三間聯 營公司。

本公司權益持有人應佔期內溢利

本公司權益持有人應佔期內溢利由截 至二零一九年九月三十日止六個月 的6,000,000港元減少800,000港元或 13.1%至截至二零二零年九月三十日止 六個月的5,200,000港元。純利率由截 至二零一九年九月三十日止六個月的 2.9%增加至截至二零二零年九月三十 日止六個月的4.0%。本公司權益持有 人應佔期內溢利減少主要由於客戶訂 單減少所致。

50 eprint Group Limited eprint 集團有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

Liquidity and Financial Information

流動資金及財務資料

As at 30 September 2020, the Group’s bank balances and cash was HK$93.3 million, represented a decrease of HK$8.2 million when compared with that as at 31 March 2020. The decrease was mainly caused by the addition of other financial assets at amortised costs. As at 30 September 2020 and 30 September 2019, the financial ratios of the Group were as follows:

於二零二零年九月三十日，本集團的 銀行結餘及現金為93,300,000港元， 較於二零二零年三月三十一日減少 8,200,000港元。該減少主要由於按 攤銷成本列賬之其他金融資產增加所 致。於二零二零年九月三十日及二零 一九年九月三十日，本集團財務比率 如下：

==> picture [354 x 84] intentionally omitted <==

----- Start of picture text -----

As at As at
30 September 30 September
2020 2019
於二零二零年 於二零一九年
九月三十日 九月三十日
Current ratio [(1)] 流動比率 [(1)] 1.9 2.0
Gearing ratio [(2)] 資產負債比率 [(2)] 21.0% 28.1%
----- End of picture text -----

Notes:

附註：

• (1) Current ratio is calculated based on total current assets divided by total current liabilities.

• (1) 流動比率乃按總流動資產除以總流 動負債計算。

• (2) Gearing ratio is calculated based on total bank overdraft, borrowings and leases liabilities divided by total equity and multiplied by 100%.

• (2) 資產負債比率乃按總銀行透支、借 貸及租賃負債除以權益總額乘以 100%計算。

Borrowings

借貸

The Group had the bank borrowings of HK$20.1 million and HK$21.2 million as at 30 September 2020 and 31 March 2020 respectively. All bank borrowings were made from banks in Hong Kong and were repayable within 1 year, except a mortgage loan with the carrying amount of HK$19.5 million which was repayable within twenty years. The bank borrowings with repayable on demand clause was classified as current liabilities. No financial instruments were used for hedging purposes, nor were there any foreign currency net investments hedged by current borrowings and/or other hedging instruments. The weighted average interest rates (per annum) were 2.3% and 2.1% for the six months ended 30 September 2020 and 30 September 2019, respectively.

本集團於二零二零年九月三十日及二 零二零年三月三十一日的銀行借貸分 別為20,100,000港元及21,200,000港 元。所有銀行借貸均由香港的銀行提 供，並須於一年內償還，惟須於二十 年內償還的賬面值為19,500,000港元 之抵押貸款除外。訂有按需償還條款 的銀行借貸分類為流動負債。概無金 融工具用作對沖，亦無任何外匯投資 淨額由目前的借貸及╱或其他對沖工 具對沖。截至二零二零年九月三十日 及二零一九年九月三十日止六個月， 加權平均年利率分別為2.3%及2.1%。

Interim Report 2020 二零二零年中期報告

51

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

Treasury policies

The Group has adopted a prudent financial management approach towards its treasury policies and thus maintained a healthy liquidity position throughout the year. 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.

Capital structure

The capital of the Company comprises ordinary shares and other reserves. The shares of the Company were listed on the Main Board of the Stock Exchange since 3 December 2013. As at 30 September 2020, the total number of issued ordinary shares of the Company was 550,000,000 shares.

Capital commitments

As at 30 September 2020 and 31 March 2020, the Group has capital commitments of HK$4.4 million and HK$4.1 million for investment in an associate and purchase of computer equipments, respectively.

Significant investments held

Except for the investments in subsidiaries, joint venture and associates, the Group did not hold any significant investment in equity interest in any other company during the period under review.

Future plans for material investments and capital assets

Except for the aforesaid capital commitment to the investment in an associate, the Group did not have other plans for material investments and capital assets.

庫務政策

本集團已對其庫務政策採取審慎的財 務管理方針，故於整個年度內維持穩健 的流動資金狀況。董事會密切監察本 集團的流動資金狀況，以確保本集團資 產、負債及其他承擔的流動資金架構可 滿足其不時之資金要求。

股本架構

本公司股本由普通股及其他儲備組成。 本公司股份自二零一三年十二月三日 起於聯交所主板上市。於二零二零年九 月三十日，本公司已發行普通股的總數 為550,000,000股。

資本承擔

於二零二零年九月三十日及二零二零 年三月三十一日，本集團就投資一間聯 營公司及購買電腦設備分別擁有資本 承擔4,400,000港元及4,100,000港元。

所持重大投資

除於附屬公司、合營企業及聯營公司的 投資外，本集團並無於回顧期間在任何 其他公司股權中持有任何重大投資。

重大投資及資本資產的未來計劃

除上述投資一間聯營公司的資本承擔 外，本集團並無其他重大投資及資本資 產的計劃。

52 eprint Group Limited eprint 集團有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

Material acquisitions or disposals

The Group did not have any material acquisition or disposal of associates, subsidiaries or joint ventures during the six months ended 30 September 2020.

Exposure to foreign exchange risk

The Group operates principally in Hong Kong and its business is supported by an information technology support services centre located in the PRC. The Group is exposed to foreign exchange risk arising from the exposure of Renminbi against Hong Kong dollars. The Group does not hedge its foreign exchange risk as its exposure to foreign exchange risk is low as the Group’s cash flows mainly denominated in Hong Kong dollars.

Charge of assets

As at 30 September 2020 and 31 March 2020, the Group pledged the plant and machinery with a carrying value of HK$3.5 million and HK$4.3 million respectively, as collaterals to secure the Group’s lease liabilities. As at 30 September 2020 and 31 March 2020, the Group pledged two properties with a carrying value of HK$59.2 million and HK$60.3 million respectively, as collaterals to secure the Group’s mortgage loan.

Capital expenditure

During the period under review, the Group invested HK$1.8 million in property, plant and equipment, represented an decrease of HK$1.7 million when compared with the same period of last year.

重大收購或出售

本集團於截至二零二零年九月三十日 止六個月並無任何聯營公司、附屬公司 或合營企業的重大收購或出售。

承受外匯風險

本集團主要在香港營業，其業務由位於 中國的資訊科技支援服務中心支援。本 集團承受人民幣兌港元所產生的外匯 風險。由於本集團的現金流量主要以港 元列值，所承受的外匯風險很低，故本 集團並無對沖外匯風險。

資產抵押

於二零二零年九月三十日及二零二零 年三月三十一日，本集團分別以賬面 值3,500,000港元及4,300,000港元的廠 房及機器質押作為抵押品，以擔保本 集團的租賃負債。於二零二零年九月 三十日及二零二零年三月三十一日， 本集團分別以賬面值59,200,000港元及 60,300,000港元的兩處物業質押作為抵 押品，以擔保本集團的抵押貸款。

資本開支

本集團於回顧期間投資1,800,000港元 於物業、廠房及設備，較去年同期減少 1,700,000港元。

53

Interim Report 2020 二零二零年中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

EMPLOYEES AND EMOLUMENT POLICIES

As at 30 September 2020, the Group had 316 full time employees. There is no significant change in the Group’s emolument policies. On top of basic salaries, bonuses may be paid by reference to the Group’s performance as well as individual’s performance. Other staff benefits include housing allowances, contributions to Mandatory Provident Fund retirement benefits scheme in Hong Kong, the provision of pension funds, medical insurance, unemployment insurance and other relevant insurance for employees who are employed by the Group pursuant to the PRC rules and regulations and the prevailing regulatory requirements of the PRC, and the Employees Provident Fund and contributions to Social Security Organization for employees who are employed by the Group pursuant to the Malaysian rules and regulations and the prevailing regulatory requirements of Malaysia.

INTERIM DIVIDEND

The Board has resolved not to declare an interim dividend for the six months ended 30 September 2020 (2019: Nil).

僱員及薪酬政策

於二零二零年九月三十日，本集團共有 316名全職僱員。本集團的薪酬政策並 無重大變動。除基本薪金外，獎金亦會 參考本集團業績及個人表現而發放。其 他員工福利包括住房津貼、香港強積金 退休福利計劃供款，根據中國規則及規 例和中國的現行監管規定，向本集團所 聘用僱員提供養老金、醫療保險、失業 保險及其他相關保險及根據馬來西亞 規則及規例和馬來西亞的現行監管規 定，向本集團所聘用僱員提供僱員公積 金及社會保障組織供款。

中期股息

董事會決議不宣派截至二零二零年九 月三十日止六個月的中期股息（二零 一九年：無）。

54 eprint Group Limited eprint 集團有限公司

OTHER INFORMATION 其他資料

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS IN SHARES

董事及主要行政人員之股份權益

As at 30 September 2020, the interests or short positions of the Directors and chief executives of the Company in the shares (the “Shares”), underlying Shares and debentures of the Company or any associated corporation (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) (“SFO”)), which were notified to the Company and the Stock Exchange pursuant 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), or which were required, pursuant to section 352 of the SFO, to be entered in the register referred to therein, or which were required, pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers (“Model Code”) as set out in Appendix 10 to the Listing Rules, are set out below:

Interests and short positions in Shares, underlying Shares and debentures of the Company or its associated corporation

於二零二零年九月三十日，本公司董 事及主要行政人員於本公司或任何相 聯法團（定義見香港法例第571章證 券及期貨條例（「證券及期貨條例」） 第 XV部）股份（「股份」）、相關股份及 債券中擁有須根據證券及期貨條例第 XV部第7及8分部通知本公司及聯交 所的權益或淡倉（包括根據證券及期 貨條例相關條文彼等被當作或視為擁 有的權益或淡倉），或根據證券及期 貨條例第352條須登記在該條所述的 登記冊，或根據上市規則附錄十所列 出《上市發行人董事進行證券交易的 標準守則》（「標準守則」）須通知本 公司及聯交所的權益或淡倉如下：

本公司或其相聯法團股份、相關股份 及債券的權益及淡倉

(i) The Company

(i) 本公司

==> picture [330 x 67] intentionally omitted <==

----- Start of picture text -----

Approximate
Number of percentage of
Long position/ ordinary Shares shareholding in
Name of Director Capacity short position held the Company
於本公司持股概
董事姓名 身份 好倉╱淡倉 持有普通股數目 約百分比
----- End of picture text -----

Mr. She Siu Kee William	Beneficial owner	Long position	1,584,000	0.29%
佘紹基先生	實益擁有人	好倉
	Interest of controlled	Long position	313,125,000	56.93%
	corporation (Note 1)
	受控制法團權益（附註1）	好倉
Mr. Chong Cheuk Ki	Interest of controlled	Long position	313,125,000	56.93%
莊卓琪先生	corporation (Note 1)
	受控制法團權益（附註1）	好倉
	Interest of spouse (Note 2)	Long position	712,000	0.13%
	配偶權益（附註2）	好倉
Mr. Leung Wai Ming	Interest of controlled	Long position	313,125,000	56.93%
梁衞明先生	corporation (Note 1)
	受控制法團權益（附註1）	好倉

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55

OTHER INFORMATION 其他資料

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS IN SHARES (Continued)

Interests and short positions in Shares, underlying Shares and debentures of the Company or its associated corporation (Continued)

(i) The Company (Continued)

Notes:

1. 313,125,000 Shares are held by eprint Limited. eprint Limited is held as to 21.62%, 21.62%, 21.62%, 21.62% and 13.52% by Mr. She Siu Kee William (“Mr. She”), Mr. Chong Cheuk Ki (“Mr. Chong”), Mr. Lam Shing Kai (“Mr. Lam”), Mr. Leung Wai Ming (“Mr. WM Leung”) and Mr. Leung Yat Pang (“Mr. YP Leung”) (collectively, the “Concerted Shareholders”) respectively. Pursuant to a deed of confirmation dated 2 July 2013 (the “Deed of Confirmation”) entered into by them confirming the existence of their acting in concert arrangement, each of Mr. She, Mr. Chong, Mr. Lam, Mr. WM Leung and Mr. YP Leung has agreed to jointly control their respective interests in the Company. Accordingly, eprint Limited shall be accustomed to act in accordance with joint instructions of the Concerted Shareholders. Hence, each of the Concerted Shareholders is deemed to be interested in all the Shares held by eprint Limited by virtue of the SFO.

2. Mr. Chong is deemed to be interested in 712,000 Shares held by his spouse, Ms. Yip Fei.

董事及主要行政人員之股份權益 （續）

本公司或其相聯法團股份、相關股份 及債券的權益及淡倉 （續）

(i) 本公司 （續）

附註：

1. e p r i n t L i m i t e d 持有 313,125,000股股份。eprint Limited分別由佘紹基先生

（「佘先生」）、莊卓琪先生 （「莊先生」）、林承佳先生 （「林先生」）、梁衞明先生 （「梁衞明先生」）及梁一鵬 先生（「梁一鵬先生」）（統 稱為「一致行動股東」）擁有 21.62%、21.62%、21.62%、 21.62%及13.52%。根據由 彼等簽立日期為二零一三年 七月二日之確認契據（「確認 契據」）確認存在之一致行動 安排，佘先生、莊先生、林先 生、梁衞明先生及梁一鵬先 生已各自同意共同控制彼等 各自於本公司的權益。因此， eprint Limited慣常根據一致 行動股東共同指示行事。因 此，根據證券及期貨條例， 各一致行動股東被視為於 eprint Limited所持有所有股 份中擁有權益。

1. 莊先生被視為於其配偶葉飛 女士持有的712,000股股份 中擁有權益。

eprint Group Limited eprint 集團有限公司

56

OTHER INFORMATION 其他資料

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS IN SHARES (Continued)

董事及主要行政人員之股份權益 （續）

Interests and short positions in Shares, underlying Shares and debentures of the Company or its associated corporation (Continued)

本公司或其相聯法團股份、相關股份 及債券的權益及淡倉 （續）

(ii) Associated corporation – eprint Limited

(ii) 相聯法團－eprint Limited

Name of Director 董事姓名	Nature of interest 權益性質	Number of ordinary Shares held in the Associated Corporation 持有相聯法團 普通股數目	Approximate percentage of shareholding in the Associated Corporation 於相聯法團持股 概約百分比
Mr. She	Beneficial owner	2,162	21.62%
佘先生	實益擁有人
Mr. Chong	Beneficial owner	2,162	21.62%
莊先生	實益擁有人
Mr. WM Leung	Beneficial owner	2,162	21.62%
梁衞明先生	實益擁有人

Note: The disclosed interest represents the interests in eprint Limited, the controlling shareholder of the Company, which is owned by Mr. She, Mr. Chong, Mr. Lam, Mr. WM Leung and Mr. YP Leung in the respective proportions of 21.62%, 21.62%, 21.62%, 21.62% and 13.52%.

附註：披露權益指佘先生、莊先生、 林先生、梁衞明先生及梁一 鵬先生於本公司控股股東 eprint Limited之權益，各自 所佔比例分別為21.62%、 21.62%、21.62%、21.62%及 13.52%。

Save as disclosed above, none of the Directors, chief executives of the Company and/or their associates had any interests or short positions in any Shares, underlying Shares and debentures of the Company or any of its associated corporations as defined in Part XV of the SFO as recorded in the register to be kept under section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code as at 30 September 2020.

除上文所披露者外，於二零二 零年九月三十日，概無本公司 董事、主要行政人員及╱或其聯 繫人士在本公司或其任何相聯 法團（定義見證券及期貨條例 第 XV部）的任何股份、相關股份 及債券中擁有須在證券及期貨 條例第 352 條規定備存的登記 冊內記錄或根據標準守則須通 知本公司及聯交所的任何權益 或淡倉。

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57

OTHER INFORMATION 其他資料

INTERESTS IN SHARE OPTIONS

Share Option Scheme

The Company adopted a share option scheme (the “Scheme”) on 13 November 2013 pursuant to the written resolutions of the then shareholders passed on 13 November 2013. The Scheme is a share incentive scheme and is established to recognise and acknowledge the contributions of the Eligible Participants (as defined in the prospectus of the Company dated 20 November 2013) have had or may have made to the Group. Pursuant to the Scheme, the Board may, at its discretion, offer to grant an option to subscribe of new Shares in aggregate not exceeding 30% of the Shares in issue from time to time.

No share option was granted under the Scheme since its adoption and up to the date of this report.

SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTERESTS IN SHARES

As at 30 September 2020, so far as is known to the Directors, the following persons (other than the Directors and the chief executives of the Company) had interests or short positions in the Shares and underlying Shares which were required to be notified to the Company under Divisions 2 and 3 of Part XV of the SFO or which were recorded in the register required to be kept under section 336 of the SFO.

購股權權益

購股權計劃

根據於二零一三年十一月十三日通過 的當時股東書面決議案，本公司於二 零一三年十一月十三日採納一項購股 權計劃（「該計劃」）。該計劃為一項 股份獎勵計劃，旨在肯定及認可合資 格參與者（定義見本公司日期為二零 一三年十一月二十日的招股章程）對 本集團已作出或可能已作出的貢獻。 根據該計劃，董事會可酌情授出購股 權，藉以認購新股，總數不超過不時 已發行股份的30%。

自採納以來直至本報告日期，概無根 據該計劃授出任何購股權。

主要股東及其他人士之股份權益

於二零二零年九月三十日，據董事所 知，以下人士（不包括本公司董事及 主要行政人員）在股份及相關股份中 擁有須根據證券及期貨條例第 XV部第 2及3分部通知本公司或已於根據證券 及期貨條例第336條規定備存的登記 冊內記錄的權益或淡倉。

58 eprint Group Limited eprint 集團有限公司

OTHER INFORMATION 其他資料

SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTERESTS IN SHARES (Continued)

主要股東及其他人士之股份權益

（續）

Interests or short positions in Shares and underlying Shares

股份及相關股份的權益或淡倉

==> picture [352 x 67] intentionally omitted <==

----- Start of picture text -----

Number of Approximate
ordinary Shares/ percentage of
underlying shareholding in
Name Capacity Position Shares held the Company
持有普通股╱ 於本公司持股
姓名╱名稱 身份 倉位 相關股份數目 概約百分比
----- End of picture text -----

eprint Limited (Note 1)	Beneficial owner	Long position	313,125,000	56.93%
eprint Limited（附註1）	實益擁有人	好倉
Mr. Lam (Note 2)	Beneficial owner	Long Position	313,125,000	56.93%
林先生（附註2）	實益擁有人	好倉
Ms. Lo Suet Yee (Note 3)	Interest of spouse	Long position	314,709,000	57.22%
盧雪兒女士（附註3）	配偶權益	好倉
Ms. Yip Fei (Note 4)	Beneficial owner	Long position	712,000	0.13%
葉飛女士（附註4）	實益擁有人	好倉
	Interest of spouse	Long position	313,125,000	56.93%
	配偶權益	好倉
Ms. Yu Siu Ping (Note 5)	Interest of spouse	Long position	313,125,000	56.93%
俞少萍女士（附註5）	配偶權益	好倉
Ms. Chau Fung Kiu (Note 6)	Interest of spouse	Long position	313,125,000	56.93%
周鳳翹女士（附註6）	配偶權益	好倉
Mr. Huang Xiaopeng (Note 7)	Interest of controlled	Long position	61,875,000	11.25%
黃曉鵬先生（附註7）	corporation	好倉
	受控制法團權益

59

Interim Report 2020 二零二零年中期報告

OTHER INFORMATION 其他資料

SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTERESTS IN SHARES

主要股東及其他人士之股份權益

（續）

(Continued)

Interests or short positions in Shares and 股份及相關股份的權益或淡倉 （續） underlying Shares (Continued)

==> picture [352 x 67] intentionally omitted <==

----- Start of picture text -----

Number of Approximate
ordinary Shares/ percentage of
underlying shareholding in
Name Capacity Position Shares held the Company
持有普通股╱ 於本公司持股
姓名╱名稱 身份 倉位 相關股份數目 概約百分比
----- End of picture text -----

Mr. Huang Xiaojia (Note 7)	Interest of controlled	Long position	61,875,000	11.25%
黃曉佳先生（附註7）	corporation	好倉
	受控制法團權益
Mr. Huang Bingwen (Note 7)	Interest of controlled	Long position	61,875,000	11.25%
黃炳文先生（附註7）	corporation	好倉
	受控制法團權益
Hong Kong Tung Fung Investment	Interest of controlled	Long position	61,875,000	11.25%
Company Limited (“Hong Kong	corporation	好倉
Tung Fung”) (Note 7)	受控制法團權益
香港東風投資有限公司
（「香港東風」）（附註7）
Shantou Dongfeng Printing Co. Ltd.	Interest of controlled	Long position	61,875,000	11.25%
(“Shantou Dongfeng”) (Note 7)	corporation	好倉
汕頭東風印刷股份有限公司	受控制法團權益
（「汕頭東風」）（附註7）
Hong Kong Luck Investment	Beneficial owner	Long position	61,875,000	11.25%
Company Limited (“Hong Kong	實益擁有人	好倉
Luck Investment”) (Note 7)
香港福瑞投資有限公司
（「香港福瑞投資」）（附註7）
Mr. YP Leung (Note 8)	Interest of controlled	Long position	313,125,000	56.93%
梁一鵬先生（附註8）	corporation (Note 7)	好倉
	受控制法團權益（附註7）

eprint Group Limited eprint 集團有限公司

60

OTHER INFORMATION 其他資料

SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTERESTS IN SHARES (Continued)

Interests or short positions in Shares and underlying Shares (Continued)

Notes:

1. eprint Limited is directly interested in 313,125,000 Shares, representing approximately 56.93% of the issue Shares. eprint Limited is held as to 21.62%, 21.62%, 21.62%, 21.62% and 13.52% by Mr. She, Mr. Chong, Mr. Lam, Mr. WM Leung and Mr. YP Leung respectively. Pursuant to the Deed of Confirmation, each of Mr. She, Mr. Chong, Mr. Lam, Mr. WM Leung and Mr. YP Leung has agreed to jointly control their respective interests in the Company. Accordingly, eprint Limited shall be accustomed to act in accordance with joint instructions of the Concerted Shareholders.

2. Pursuant to the Deed of Confirmation, Mr. Lam, a former executive Director who retired on 16 August 2019, is deemed to be interested in all the Shares held by eprint Limited by virtue of the SFO.

3. Ms. Lo Suet Yee is the spouse of Mr. She. Under the SFO, Ms. Lo Suet Yee is taken to be interested in the same number of Shares in which Mr. She is interested.

4. Ms. Yip Fei is the spouse of Mr. Chong. Under the SFO, Ms. Yip Fei is taken to be interested in the same number of Shares in which Mr. Chong is interested.

5. Ms. Yu Siu Ping is the spouse of Mr. Lam. Under the SFO, Ms. Yu Siu Ping is taken to be interested in the same number of Shares in which Mr. Lam is interested.

主要股東及其他人士之股份權益 （續）

股份及相關股份的權益或淡倉 （續）

附註：

1. eprint Limited於313,125,000股股 份中擁有直接權益，佔已發行股份 約56.93%。eprint Limited由佘先 生、莊先生、林先生、梁衞明先生 及梁一鵬先生分別持有21.62%、 2 1 . 6 2 %、2 1 . 6 2 %、2 1 . 6 2 % 及 13.52%權益。根據確認契據，佘先 生、莊先生、林先生、梁衞明先生 及梁一鵬先生已各自同意共同控制 彼等各自於本公司的權益。因此， eprint Limited將慣常根據一致行動 股東的共同指示行事。

2. 根據確認契據以及證券及期貨條 例，林先生（前任執行董事，於二零 一九年八月十六日退任）被視為於 eprint Limited持有的所有股份中擁 有權益。

3. 盧雪兒女士為佘先生的配偶。根據 證券及期貨條例，盧雪兒女士被視 為於佘先生所擁有權益之相同數目 股份中擁有權益。

4. 葉飛女士為莊先生的配偶。根據證 券及期貨條例，葉飛女士被視為於 莊先生所擁有權益之相同數目股份 中擁有權益。

5. 俞少萍女士為林先生的配偶。根據 證券及期貨條例，俞少萍女士被視 為於林先生所擁有權益之相同數目 股份中擁有權益。

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Interim Report 2020 二零二零年中期報告

OTHER INFORMATION 其他資料

SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTERESTS IN SHARES (Continued)

Interests or short positions in Shares and underlying Shares (Continued)

Notes: (Continued)

1. Ms. Chau Fung Kiu is the spouse of Mr. WM Leung. Under the SFO, Ms. Chau Fung Kiu is taken to be interested in the same number of Shares in which Mr. WM Leung is interested.

2. These 61,875,000 Shares are held by Hong Kong Luck Investment, which is a wholly-owned subsidiary of Shantou Dongfeng, an A share company listed on the main board of the Shanghai Stock Exchange. Shantou Dongfeng is 54.40% held by Hong Kong Tung Fung and 1.11% held by Mr. Huang Xiaojia. Hong Kong Tung Fung is owned as to 34% by Mr. Huang Xiaopeng, 33% by Mr. Huang Xiaojia and 33% by Mr. Huang Bingwen. Under the SFO, each of Shantou Dongfeng, Hong Kong Tung Fung, Mr. Huang Xiaopeng, Mr. Huang Xiaojia and Mr. Huang Bingwen is taken to be interested in the same number of Shares in which Hong Kong Luck Investment is interested.

3. Pursuant to the Deed of Confirmation, Mr. YP Leung is deemed to be interested in all the Shares held by eprint Limited by virtue of the SFO.

Save as disclosed above, the Directors are not aware of any other persons who have interests or short positions in the Shares, underlying Shares or debentures of the Company or any associated corporations (within the meaning of the SFO) as recorded in the register of the Company required to be kept under section 336 of the SFO as at 30 September 2020.

主要股東及其他人士之股份權益

（續）

股份及相關股份的權益或淡倉 （續）

附註：（續）

1. 周鳳翹女士為梁衞明先生的配偶。 根據證券及期貨條例，周鳳翹女士 被視為於梁衞明先生所擁有權益之 相同數目股份中擁有權益。

2. 該等61,875,000股股份由香港福瑞 投資持有，該公司為汕頭東風（一 間於上海證券交易所主板上市之A 股公司）之全資附屬公司。汕頭東 風由香港東風持有54.40%權益，及 由黃曉佳先生持有1.11%權益。香 港東風由黃曉鵬先生、黃曉佳先生 及黃炳文先生分別擁有34%、33% 及33%權益。根據證券及期貨條例， 汕頭東風、香港東風、黃曉鵬先生、 黃曉佳先生及黃炳文先生各自被視 為於香港福瑞投資所擁有權益之相 同數目股份中擁有權益。

3. 根據確認契據以及證券及期貨條 例，梁一鵬先生被視為於 eprint Limited持有的所有股份中擁有權 益。

除上文所披露者外，於二零二零年九 月三十日，董事並不知悉有任何其他 人士在本公司或任何相關法團（定義 見證券及期貨條例）的股份、相關股 份或債券中擁有須在證券及期貨條例 第336條規定備存的本公司登記冊內 記錄的權益或淡倉。

62 eprint Group Limited eprint 集團有限公司

OTHER INFORMATION 其他資料

PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES OF THE COMPANY

Neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company’s listed securities for the six months ended 30 September 2020.

MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS

The Company has adopted the Model Code as set out in Appendix 10 to the Listing Rules as the code of conduct regarding securities transactions by the Directors. Having made specific enquiry of all Directors, the Company confirmed that all Directors had complied with the required standards as set out in the Model Code for the six months ended 30 September 2020.

CORPORATE GOVERNANCE PRACTICES

The Company has adopted the code provisions set out in the Corporate Governance Code (“CG Code”) as set out in Appendix 14 to the Listing Rules as its own code of corporate governance.

For the six months ended 30 September 2020, the Company was in compliance with the relevant code provisions set out in the CG Code except for the deviation as explained below.

購入、出售或贖回本公司上市證券

截至二零二零年九月三十日止六個月， 本公司或其任何附屬公司並無購入、出 售或贖回本公司的任何上市證券。

董事進行證券交易的標準守則

本公司已採納上市規則附錄十所載的 標準守則作為有關董事進行證券交易 的行為守則。在向全體董事作出具體查 詢後，本公司確認，截至二零二零年九 月三十日止六個月，全體董事已遵守標 準守則所載的規定標準。

企業管治常規

本公司已採納上市規則附錄十四列載 的企業管治守則（「企業管治守則」）所 載的守則條文作為其本身的企業管治 守則。

截至二零二零年九月三十日止六個月， 本公司已遵從企業管治守則的相關守 則條文，惟下文所述偏離者則除外。

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Interim Report 2020 二零二零年中期報告

OTHER INFORMATION 其他資料

CORPORATE GOVERNANCE PRACTICES

企業管治常規 （續）

(Continued)

Code provision A.2.1 of the CG Code provides that the roles of the chairman and chief executive officer should be separated and should not be performed by the same individual. The Company does not at present separate the roles of the chairman and chief executive officer. Mr. She Siu Kee William is the chairman and chief executive officer of the Company. The Board believes that vesting the roles of both chairman and chief executive officer in the same person has the benefit of ensuring consistent leadership within the Group and enables more effective and efficient overall strategic planning for the Group. The Board further believes that the balance of power and authority for the present arrangement will not be impaired and is adequately ensured by the current Board which comprises experienced and high calibre individuals with sufficient number thereof being non-executive Directors and independent non-executive Directors.

AUDIT COMMITTEE

The Company established the audit committee of the Company (the “Audit Committee”) on 13 November 2013 with written terms of reference, which was revised on 25 February 2019 in compliance with the CG Code. The primary duties of the Audit Committee are to review and supervise the financial reporting system and to review the risk management and internal control systems of the Group. The Audit Committee comprises three independent non-executive Directors, namely, Mr. Ma Siu Kit (Chairman), Mr. Poon Chun Wai and Mr. Fu Chung. The Audit Committee has reviewed the unaudited condensed interim consolidated financial information for the six months ended 30 September 2020.

By order of the Board eprint Group Limited She Siu Kee William Chairman

Hong Kong, 19 November 2020

企業管治守則之守則條文第 A.2.1條 規定，主席和行政總裁角色須分開， 不得由同一人擔任。本公司現未將主 席與行政總裁角色分開。佘紹基先生 為本公司主席兼行政總裁。董事會相 信將主席與行政總裁角色集於同一 人，有確保本集團內一致領導的好處， 並可讓本集團實踐更具效率和效益的 整體策略規劃。董事會更相信，目前 安排的權力及職權平衡不會受到損 害，而目前由擁有經驗豐富和能幹成 員（其中有足夠數目的非執行董事及 獨立非執行董事）組成的董事會亦能 確保有足夠的權力制衡。

審核委員會

本公司於二零一三年十一月十三日根 據企業管治守則成立本公司審核委員 會（「審核委員會」），並制定書面職 權範圍（於二零一九年二月二十五日 修訂）。審核委員會的主要職責為審 閱及監察本集團的財務申報系統及審 閱風險管理及內部監控系統。審核委 員會由三名獨立非執行董事馬兆杰先 生（主席）、潘振威先生及傅忠先生組 成。審核委員會已審閱截至二零二零 年九月三十日止六個月之未經審核簡 明中期合併財務資料。

承董事會命 eprint集團有限公司 主席 佘紹基 香港，二零二零年十一月十九日

64 eprint Group Limited eprint 集團有限公司

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