KML Technology Group Limited — Interim / Quarterly Report 2021

Aug 12, 2020

KML Technology Group Limited 高萌科技集團有限公司

(Incorporated in the Cayman Islands with limited liability)

（於開曼群島註冊成立之有限公司） Stock Code 股份代號 : 8065

First Quarterly Report 第一季度報告2020

CHARACTERISTIC OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”)

GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.

Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.

This report, for which the directors (the “ Director(s) ”) of KML Technology Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ” or “ We ”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the “ GEM Listing Rules ”) for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.

This report, in both English and Chinese versions, is available on the Company’s website at www.kml.com.hk.

香港聯合交易所有限公司（「聯交所」） GEM的特色

GEM的定位，乃為中小型公司提供一個 上市的市場，此等公司相比起其他在聯 交所上市的公司帶有較高投資風險。有 意投資的人士應了解投資於該等公司的 潛在風險，並應經過審慎周詳的考慮後 方作出投資決定。

由於GEM上市公司普遍為中小型公司， 在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時 無法保證在GEM買賣的證券會有高流通 量的市場。

香港交易及結算所有限公司以及聯交所 對本報告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表 示概不就因本報告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。

本報告的資料乃遵照聯交所的GEM證 券上市規則（「 GEM上市規則 」）而刊載， 旨在提供有關高萌科技集團有限公司 （「 本公司 」，連同其附屬公司統稱「 本集 團 」或「 我們 」）的資料；本公司董事（「 董 事 」）願就本報告共同及個別地承擔全部 責任。各董事在作出一切合理查詢後， 確認就其所深知及所信，本報告所載資 料在各重要方面均屬準確完備，沒有誤 導或欺詐成份，且並無遺漏其他事項， 足以令致本報告或其所載任何陳述產生 誤導。

本報告的英文本及中文本已登載於本公 司網站www.kml.com.hk。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 1 二零二零年第一季度報告

CONTENTS
目錄
	Page
	頁次
Corporate Information	3
公司資料
Financial Highlights	6
財務摘要
Condensed Consolidated Statement of Profit or
Loss and Other Comprehensive Income	7
簡明綜合損益及其他全面收益表
Condensed Consolidated Statement of Changes in Equity	8
簡明綜合權益變動表
Notes to the Condensed Consolidated Financial Statements	9
簡明綜合財務報表附註
Management Discussion and Analysis	16
管理層討論及分析
Corporate Governance and Other Information	21
企業管治及其他資料

2 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

CORPORATE INFORMATION

BOARD OF DIRECTORS

Executive Directors

Mr. Luk Kam Ming (Chairman) Mr. Chan Chak Lun Philip (Chief executive officer) Mr. Luk Kwai Lung Mr. Luk Yin Cheung

Independent Non-executive Directors

Mr. Lau On Kwok Mr. Law Wing Chi Stephen Dr. Tse Chi Kong

Audit Committee

Mr. Lau On Kwok (Chairman) Mr. Law Wing Chi Stephen Dr. Tse Chi Kong

Remuneration Committee

Dr. Tse Chi Kong (Chairman) Mr. Lau On Kwok Mr. Luk Kam Ming

Nomination Committee

Mr. Luk Kam Ming (Chairman) Mr. Law Wing Chi Stephen Dr. Tse Chi Kong

Risk Management Committee

Mr. Law Wing Chi Stephen (Chairman) Mr. Chan Chak Lun Philip Mr. Lau On Kwok Mr. Luk Kwai Lung Mr. Luk Yin Cheung

公司資料

董事會

執行董事

陸鑑明先生（主席） 陳澤麟先生（行政總裁） 陸季農先生 陸彥彰先生

獨立非執行董事

劉安國先生 羅永志先生 謝智剛博士

審核委員會

劉安國先生（主席） 羅永志先生 謝智剛博士

薪酬委員會

謝智剛博士（主席） 劉安國先生 陸鑑明先生

提名委員會

陸鑑明先生（主席） 羅永志先生 謝智剛博士

風險管理委員會

羅永志先生（主席） 陳澤麟先生 劉安國先生 陸季農先生 陸彥彰先生

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 3 二零二零年第一季度報告

AUTHORISED REPRESENTATIVES

Mr. Luk Kwai Lung Ms. Woo Siu Wai

COMPANY SECRETARY

Ms. Woo Siu Wai

COMPLIANCE OFFICER

Mr. Luk Yin Cheung

AUDITOR

Ernst & Young Certified Public Accountants 22nd Floor, CITIC Tower 1 Tim Mei Avenue Central, Hong Kong

REGISTERED OFFICE

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands

HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

B12, G/F Shatin Industrial Centre Siu Lek Yuen Road Shatin, New Territories Hong Kong

法定代表

陸季農先生 胡劭卉女士

公司秘書

胡劭卉女士

合規主任 陸彥彰先生

核數師

安永會計師事務所 執業會計師 香港中環 添美道1號 中信大廈22樓

註冊辦事處

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands

香港總部及主要營業地點

香港 新界沙田 小瀝源路 沙田工業中心 地下B12室

4 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE IN THE CAYMAN ISLANDS

開曼群島主要股份過戶登記處

Conyers Trust Company (Cayman) Limited Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive Cricket Square, Hutchins Drive P.O. Box 2681 P.O. Box 2681 Grand Cayman KY1-1111 Grand Cayman, KY1-1111 Cayman Islands Cayman Islands

HONG KONG SHARE REGISTRAR

香港股份登記處

Tricor Investor Services Limited 卓佳證券登記有限公司 Level 54, Hopewell Centre 香港 183 Queen’s Road East 皇后大道東183號 Hong Kong 合和中心54樓

PRINCIPAL BANKER

The Hong Kong and Shanghai Banking Corporation Limited HSBC Main Building 1 Queen’s Road Central Hong Kong

主要往來銀行

香港上海滙豐銀行有限公司 香港 皇后大道中1號 滙豐總行大廈

COMPANY’S WEBSITE

www.kml.com.hk

公司網站

www.kml.com.hk

STOCK CODE

股份代號

8065 8065

DATE OF LISTING

16 October 2017

上市日期

二零一七年十月十六日

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 5 二零二零年第一季度報告

FINANCIAL HIGHLIGHTS

Revenue of the Group for the three months ended 30 June 2020 amounted to approximately Hong Kong dollars (“ HK$ ”) 63.1 million, representing an increase of approximately HK$11.3 million or approximately 21.8% as compared with the revenue of approximately HK$51.8 million for the three months ended 30 June 2019.

Gross profit of the Group for the three months ended 30 June 2020 amounted to approximately HK$14.1 million (2019: approximately HK$15.4 million).

The net profit of the Group for the three months ended 30 June 2020 amounted to approximately HK$5.3 million (2019: approximately HK$5.1 million).

The board of Directors (the “ Board ”) does not recommend a payment of an interim dividend for the three months ended 30 June 2020 (2019: Nil).

財務摘要

本集團截至二零二零年六月三十日止 三個月的收益約為63.1百萬港元（「 港 元 」），較截至二零一九年六月三十日 止三個月的收益約51.8百萬港元增加約 11.3百萬港元或約21.8%。

本集團截至二零二零年六月三十日止 三個月的毛利約為14.1百萬港元（二零 一九年：約15.4百萬港元）。

本集團截至二零二零年六月三十日止三 個月的純利約為5.3百萬港元（二零一九 年：約5.1百萬港元）。

董事會（「 董事會 」）不建議就截至二零二 零年六月三十日止三個月派付中期股息 （二零一九年：無）。

6 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the three months ended 30 June 2020

簡明綜合損益及其他全面收益表

截至二零二零年六月三十日止三個月

Notes 附註 Revenue 收益 4 Cost of sales 銷售成本 Gross profit 毛利 Other income 其他收入 Other gains 其他收益 Impairment losses on financial assets and contract assets, net of reversal 金融資產及合約 資產減值虧損， 扣除撥回 Administrative expenses 行政開支 Finance costs 融資成本 5 Profit before tax 除稅前溢利 Income tax expense 所得稅開支 6 Profit and total comprehensive income for the period attributable to owners of the Company 本公司擁有人 應佔期內溢利及 全面收益總額 Earnings per share attributable to ordinary equity holders of the Company 本公司普通股權益 持有人應佔 每股盈利 8 Basic 基本 Diluted 攤薄	Three months ended 30 June 截至六月三十日止三個月 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）
	63,095 51,784 (48,979) (36,424)
	14,116 15,360 335 271 – 8 323 108 (8,561) (9,855) (92) (54)
	6,121 5,838 (864) (697)
	5,257 5,141
	HK1.33 cents 1.33港仙 HK1.29 cents 1.29港仙
	HK1.33 cents 1.33港仙 HK1.29 cents 1.29港仙

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

7

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the three months ended 30 June 2020

簡明綜合權益變動表

截至二零二零年六月三十日止三個月

Three months ended 30 June 2020 截至二零二零年六月三十日止三個月 At 1 April 2020 (audited) 於二零二零年四月一日（經審核） Profit and total comprehensive income for the period 期內溢利及全面收益總額 Equity-settled share-option arrangements 權益結算購股權安排 Purchases of shares in the share award scheme 購買股份獎勵計劃的股份 At 30 June 2020 (unaudited) 於二零二零年六月三十日（未經審核） Three months ended 30 June 2019 截至二零一九年六月三十日止三個月 At 01 April 2019 (audited) 於二零一九年四月一日（經審核） Profit and total comprehensive income for the period 期內溢利及全面收益總額 Equity-settled share-option arrangements 權益結算購股權安排 At 30 June 2019 (unaudited) 於二零一九年六月三十日（未經審核）	Attributable to owners of the Company 本公司擁有人應佔 Share capital Share premium Shares held under the share award scheme Other reserves Share option reserve Accumulated profits Total equity 股本 股份溢價 股份獎勵 計劃項下 持有的股份 其他儲備 購股權儲備 累積溢利 總權益 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 (Note) （附註）
	4,000 47,552 (858) 14,791 305 100,396 166,186 – – – – – 5,257 5,257 – – – – 306 – 306 – – (143) – – – (143)
	4,000 47,552 (1,001) 14,791 611 105,653 171,606
	4,000 47,552 – 14,339 1,166 77,078 144,135 – – – – – 5,141 5,141 – – – – 147 – 147
	4,000 47,552 – 14,339 1,313 82,219 149,423

Note: The Group’s other reserves mainly represent (i) the difference between the nominal values of the ordinary shares issued by the Company and the share capital of subsidiaries acquired through an exchange of shares pursuant to the reorganisation of the Group during the year ended 31 March 2018 and (ii) the deemed capital contribution from Mr. Luk Kam Ming (“ Mr. KM Luk ”), a controlling shareholder and an executive director of the Company, in respect of the transfer of 2,000,000 shares to the trust of the share award scheme at nil consideration during the year ended 31 March 2020.

附註： 本集團之其他儲備主要指(i)本公司截 至二零一八年三月三十一日止年度之 已發行普通股之面值與透過根據本集 團重組交換股份所收購附屬公司股 本之差額及(ii)就截至二零二零年三月 三十一日止年度內按零代價向股份獎 勵計劃之信託轉讓2,000,000股股份而 言，視作本公司控股股東及執行董事 陸鑑明先生（「 陸鑑明先生 」）注資。

8 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the three months ended 30 June 2020

1. GENERAL INFORMATION

KML Technology Group Limited (the “ Company ”) is a limited liability company incorporated in the Cayman Islands. The registered office address of the Company is Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands. The principal place of business of the Company in Hong Kong is located at B12, G/F, Shatin Industrial Centre, Siu Lek Yuen Road, Shatin, New Territories, Hong Kong.

The principal activity of the Company is investment holding and its subsidiaries (collectively referred to as the “ Group ”) are principally engaged in the provision of electrical and mechanical (“ E&M ”) engineering solutions and services. The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (“ HK$ ”), which is the same as the functional currency of the Company and its principal subsidiaries.

2. BASIS OF PREPARATION

The unaudited condensed consolidated financial statements for the three months ended 30 June 2020 prepared in accordance with Hong Kong Financial Reporting Standard (“ HKFRSs ”) issued by the Hong Kong Institute of Certified Public Accountants as well as with the applicable disclosure requirements of Chapter 18 of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange.

簡明綜合財務報表附註

截至二零二零年六月三十日止三個月

1. 一般資料

高萌科技集團有限公司（「 本公 司 」）為一間於開曼群島註冊成 立的有限公司。本公司的註冊 辦事處地址為Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands。本公司於香港 的主要營業地址為香港新界沙田 小瀝源路沙田工業中心地下B12 室。

本公司的主要業務為投資控股及 其附屬公司（統稱為「 本集團 」）主 要從事提供機電（「 機電 」）工程解 決方案及服務。未經審核簡明 綜合財務報表以港元（「 港元 」）呈 列，港元亦為本公司及其主要附 屬公司的功能貨幣。

2. 編製基準

截至二零二零年六月三十日止三 個月的未經審核簡明綜合財務報 表已根據香港會計師公會頒佈的 香港財務報告準則（「 香港財務報 告準則 」）及聯交所GEM證券上 市規則第18章的適用披露規定編 製。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 9 二零二零年第一季度報告

3. PRINCIPAL ACCOUNTING POLICIES

The unaudited condensed consolidated financial statements have been prepared on the historical cost basis. Historical costs is generally based on the fair value of the consideration given in exchange for goods and services.

The unaudited condensed consolidated financial statements for the three months ended 30 June 2020 have been reviewed by the Company’s audit committee.

The Group has early adopted the amendment to HKFRS 16 which provides a practical expedient for lessees to elect not to apply lease modification accounting for rent concessions arising as a direct consequence of the covid-19 pandemic. The practical expedient applies only to rent concessions occurring as a direct consequence of the covid-19 pandemic and only if (i) the change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change; (ii) any reduction in lease payments affects only payments originally due to or before 30 June 2021; and (iii) there is no substantive change to other terms and conditions of the lease. The Group has elected to adopt the practical expedient to account for the covid-19 pandemic related rent concession as negative variable lease payments. Accordingly, the Group credited approximately HK$45,000 to profit or loss for the rent concessions received by Group during the period.

Other than changes in accounting policies resulting from application of new and amendments to the HKFRSs, the accounting policies and methods of computation in the unaudited condensed consolidated financial statements are the same as those followed in the preparation of the Group’s annual financial statements for the year ended 31 March 2020.

3. 主要會計政策

未經審核簡明綜合財務報表已按 歷史成本基準編製。歷史成本一 般根據為交換貨品及服務而作出 的代價的公允值。

截至二零二零年六月三十日止三 個月未經審核簡明綜合財務報表 已由本公司的審核委員會審閱。

本集團已提早採納香港財務報告 準則第 16 號（修訂本），該修訂 本為承租人提供一個實際可行的 權宜方法以選擇就新型冠狀病毒 疫情的直接後果產生的租金寬免 不應用租賃修改會計處理。該實 際可行權宜方法僅適用於新型冠 狀病毒疫情直接後果產生的租金 寬免，且僅當(i)租賃付款的變動 使租賃代價有所修改，而經修改 的代價與緊接變動前租賃代價大 致相同，或少於緊接變動前租賃 代價；(ii)租賃付款的任何減幅僅 影響原到期日為二零二一年六月 三十日或之前的付款；及(iii)租 賃的其他條款及條件並無實質變 動。本集團已選擇採取該可行權 宜方法，將新型冠狀病毒疫情相 關租金寬免入賬為負浮動租賃付 款。因此，本集團將於期內獲得 之租金寬免約45,000港元計入損 益。

除應用新訂及經修訂香港財務報 告準則導致會計政策變動外，未 經審核簡明綜合財務報表所使用 的會計政策及計算方法與編製本 集團截至二零二零年三月三十一 日止年度的年度財務報表所採用 者一致。

10 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

4. REVENUE AND SEGMENTAL INFORMATION

4.

收益及分部資料

An analysis of the Group’s revenue for both periods is as follows:

本集團於兩個期間的收益分析如 下：

E&M engineering solutions and services (Note a) 機電工程解決方案及服務 （附註a） E&M engineering maintenance services 機電工程保養服務 E&M engineering design and fabrication services (Note b) 機電工程設計及裝配服務 （附註b） Sales of parts and components 銷售零件及部件 Notes:	Three months ended 30 June 截至六月三十日止三個月 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）
	52,531 42,215 8,492 8,565 1,962 981 110 23
	63,095 51,784
	附註：

• (a) Amount represents revenue generated from design, supply, installation of systems and implementation of E&M engineering solutions and services, design and fabrication services for the fabrication of made-toorder products for the customers, where applicable (“ E&M engineering solutions and services ”).

• (a) 該款項指系統設計、供應、安 裝及執行機電工程解決方案及 服務所產生的收益，為客戶 製造按訂單做成的產品設計及 製造服務所錄得的收益（如適 用）（「 機電工程解決方案及服 務 」）。

(b) Amount represents revenue generated from design and fabrication services for the fabrication of madeto-order products for the customers, such as control room consoles, public access kiosks and terminals, relay racks, test rigs, control room technical furniture and industrial enclosures and instrument cabinets, and also the conducting of ergonomic and work place studies without supply, installation of systems and implementation of E&M engineering solutions and services (“ E&M engineering design and fabrication services ”).

• (b) 該款項指為客戶製造定制產品 （例如控制室控制台、公用關 卡及終端、繼電器機架、試驗 台、控制室技術傢俬及工業外 殼及儀器櫃，且亦進行人類工 程學及工作場所研究）的設計 及裝配服務（並無供應、安裝 系統及執行機電工程解決方案 及服務）（「 機電工程設計及裝 配服務 」）所錄得的收益。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 11 二零二零年第一季度報告

4. REVENUE AND SEGMENTAL INFORMATION (Continued)

4. 收益及分部資料（續）

Segment information

分部資料

The Group’s operation is derived from E&M engineering solutions and services, and E&M engineering maintenance services with focus on (i) the automatic fare collection system at railway stations; (ii) the electronic payment and ticketing system; (iii) the road and tunnel toll collection system; (iv) the traffic control and surveillance system; and (v) the railway signaling communication and control system, E&M engineering design and fabrication services, as well as sales of parts and components during both periods. For the purposes of resource allocation and performance assessment, the chief operation decision maker (i.e. the executive directors of the Company) reviews the overall results and financial position of the Group as a whole. Accordingly, the Group has only one single operating segment and no separate analysis of this single segment is presented other than entity-wide disclosure.

本集團於該兩個期間的經營來自 機電工程解決方案及服務及機電 工程保養服務，專注於(i)鐵路車 站的自動收費系統；(ii)電子支付 及票務系統；(iii)公路及隧道車輛 繳費系統；(iv)交通管制及監察系 統；及(v)軌道信號通訊及控制系 統，機電工程設計及裝配服務以 及銷售零件及部件。就資源分配 及表現評估而言，主要經營決策 者（即本公司執行董事）審閱本集 團整體業績及財務狀況。因此， 本集團僅有一個單一經營分部及 除實體範圍內的披露外，並無進 一步呈列該單一分部的獨立分 析。

5. FINANCE COSTS

5. 融資成本

An analysis of finance costs is as follows:

融資成本分析如下：

Interest on lease liabilities 租賃負債之利息	Three months ended 30 June 截至六月三十日止三個月 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）
	92 54

12 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

6. INCOME TAX EXPENSE

6. 所得稅開支

Current-Hong Kong 即期－香港 Charge for the period 期內開支 Deferred 遞延 Total tax expense for the period 期內稅項開支總額	Three months ended 30 June 截至六月三十日止三個月 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）
	508 220 356 477
	864 697

Hong Kong Profits Tax is calculated on the basis at 8.25% of the estimated assessable profits up to HK$2 million and 16.5% any part of the estimated assessable profit above HK$2 million for the three months ended 30 June 2020.

香港利得稅乃以截至二零二零年六 月三十日止三個月內估計應課稅溢 利首2百萬港元按8.25%計算，而 估計應課稅溢利中任何超過2百萬 港元之任何部分則按16.5%計算。

The Group is not subject to any income tax in the Cayman Islands and the British Virgin Islands pursuant to the rules and regulations in those jurisdictions.

根據開曼群島及英屬處女群島的 法律及法規，本集團毋須在該等 司法權區繳納任何所得稅。

7. DIVIDEND

7. 股息

The Board does not recommend a payment of an interim dividend for the three months ended 30 June 2020 (2019: Nil).

董事會不建議就截至二零二零年六 月三十日止三個月派付中期股息 （二 零一九年︰無）。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 13 二零二零年第一季度報告

8. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE COMPANY

8. 本公司普通股權益持有人應佔 每股盈利

The calculation of the basic earnings per share amount for the three months ended 30 June 2020 is based on the profit for the year attributable to owners of the Company of HK$4,957,000 (2019: HK$5,141,000), and the weighted average number of ordinary shares in issue less treasury shares held under share award scheme during the period of 395,837,000 (2019: 400,000,000).

截至二零二零年六月三十日止 三個月每股基本盈利金額乃根 據本公司擁有人應佔年內溢利 4,957,000港元（二零一九年： 5,141,000港元），以及期內已 發行普通股加權平均數減根據 股份獎勵計劃持有的庫存股份 395,837,000股（二零一九年： 400,000,000股）計算。

No adjustment has been made to the basic earnings per share amount presented for the periods ended 30 June 2020 and 2019 in respect of a dilution as the impact of the share options outstanding had no dilutive effect on the basic earnings per share amount presented.

由於尚未行使的購股權對所呈列 每股基本盈利金額並無攤薄影 響，故概無就攤薄對截至二零二 零年及二零一九年六月三十日止 期間所呈列的每股基本盈利金額 作出調整。

9. RELATED PARTY TRANSACTIONS

9. 關聯方交易

The Group entered into the following transactions with its related parties:

本集團與其關聯方訂立下列交 易：

Purchase of materials from Logistic Industrial (Note a) 向洛士工業採購物料 （附註a） Rental payments 繳付租金 K M L Limited (Note b) 圖遠有限公司（附註b）	Three months ended 30 June 截至六月三十日止三個月 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）
	7 2 1,389 1,350

14 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

9. RELATED PARTY TRANSACTIONS (Continued)

Notes:

• (a) Logistic Industrial Supply Company Limited (“ Logistic Industrial ”) is a company over which Mr. KM Luk and Ms. Leung Kwok Yee (“ Madam Leung ”) have significant influence. The purchase prices of goods were mutually agreed between the parties.

• (b) K M L Limited is controlled by Mr. KM Luk. Rental payments were on a mutually-agreed basis and constitute connected transactions or continuing connected transactions as defined in Chapter 20 of the GEM Listing Rules.

10. SUBSEQUENT EVENT AFTER THE REPORTING PERIOD

On 6 July 2020, 1,750,000 awarded shares were granted to certain eligible employees of KML Engineering Limited. The 1,750,000 awarded shares granted represent approximately 0.44% of the total number of shares in issue as at the date of this report. Based on the closing price of HK0.22 per share on the date of grant of the awarded shares, the market value of the 1,750,000 awarded shares is approximately HK$385,000.

Save as disclosed above, up to the date of this report, there were no subsequent events after this reporting period.

9. 關聯方交易（續）

附註：

• (a) 洛士工業器材有限公司（「 洛士 工業 」）為陸鑑明先生及梁幗儀 女士（「 梁女士 」）對其有重大影 響力的公司。貨品之採購價由 雙方相互協定。

• (b) 圖遠有限公司由陸鑑明先生控 制。繳付租金按相互協定基準 釐定，並構成關連交易或持續 關連交易（定義見GEM上市規 則第20章）。

10. 報告期後事項

於二零二零年七月六日， 1,750,000股獎勵股份授予高明 科技工程有限公司若干合資格的 僱員。授出的1,750,000股獎勵 股份佔本報告日期已發行股份總 數約0.44%。基於獎勵股份授出 當日收市價每股股份0.22港元， 1,750,000股獎勵股份的市值約為 385,000港元。

除上文所披露者外，直至本報告 日期，概無本報告期後事項。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 15 二零二零年第一季度報告

MANAGEMENT DISCUSSION AND ANALYSIS

管理層討論及分析

BUSINESS REVIEW

業務回顧

The Group has been providing electrical and mechanical (“ E&M ”) engineering solutions and services in Hong Kong for over 40 years. Our principal business is the provision of E&M engineering works, and comprises (i) E&M engineering solutions and services on Transportation Mission Critical Systems Solutions and other E&M engineering solutions and services; (ii) E&M engineering design and fabrication services; (iii) E&M engineering maintenance services; and (iv) sales of parts and components. Depending on our customers’ needs and requirements, we provide a full spectrum of solutions and services covering design, equipment assembly, supply, installation, fabrication, testing, and commissioning and maintenance support with a focus on Hong Kong Transportation Mission Critical System Solutions.

本集團於香港提供機電（「 機電 」）工程解 決方案及服務逾四十年。我們的主要業 務為提供機電工程，包括(i)交通關鍵系 統解決方案的機電工程解決方案及服務 和其他機電工程解決方案及服務；(ii)機 電工程設計及裝配服務；(iii)機電工程保 養服務；及(iv)銷售零件及部件。視乎客 戶的需求，我們提供涵蓋設計、設備裝 置、供應、安裝、裝配、測試及調試以 及維護支援的全面解決方案及服務，主 要專注香港交通關鍵系統解決方案。

The following table sets forth the details of our Group’s revenue by type of projects and services we undertook for the three months ended 30 June 2020 and 2019:

下表載列本集團按於截至二零二零年及 二零一九年六月三十日止三個月所承接 的項目及服務類別劃分的收益詳情：

Type of Projects 項目類別 E&M Engineering Solutions and Services 機電工程解決方案 及服務 – Transportation Mission Critical System Solutions －交通關鍵系統解 決方案 – Other E&M Engineering Solutions and Services －其他機電工程解 決方案及服務 Subtotal 小計 E&M Engineering Design and Fabrication Services 機電工程設計及裝 配服務 E&M Engineering Maintenance Services 機電工程保養服務 Sale of Parts and Components 銷售零件及部件 Total 總計	For the three months ended 30 June 截至六月三十日止三個月 2020 2019 二零二零年 二零一九年 HK$’000 % HK$’000 % 千港元 千港元
	16,728 26.5 12,255 23.7 35,803 56.7 29,960 57.9
	52,531 83.2 42,215 81.6 1,962 3.1 981 1.9 8,492 13.5 8,565 16.5 110 0.2 23 0.0
	63,095 100.0 51,784 100.0

16 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

E&M engineering solutions and services and E&M engineering maintenance services segments account for the largest two business segments of our Group’s business. Approximately 96.7% of the revenue was attributable to these two segments for the three months ended 30 June 2020. The Group foresees that revenue generated from these two segments will continue to grow especially in relation to the renovation and replacement of E&M, communication and automatic fare collection (“ AFC ”) assets projects from our customers as well as new business opportunities the Group has identified.

During the three months ended 30 June 2020, the Group has submitted 81 tenders and quotations to our customers (2019: 73 tenders) with 39 contracts being awarded (2019: 35 contracts) including (i) Light Rail Ticket Machine Retrofit and Hardening Works; and (ii) various projects in relation to the replacement or improvement works for the toll equipment at various road tunnels in Hong Kong.

機電工程解決方案及服務及機電工程保 養服務分部為本集團業務中兩大業務分 部。截至二零二零年六月三十日止三個 月，約96.7%的收益來自該兩大分部。 本集團預計該等兩個分部產生的收益尤 其來自客戶的機電、通信及自動收費 （「 自動收費 」）資產的機電翻新及更新項 目的收益將繼續增長，以及本集團識別 出的新商機。

於截至二零二零年六月三十日止三個 月，本集團已向客戶提交81項投標及報 價（二零一九年：73項投標），獲授39份 合約（二零一九年：35份合約），包括(i) 輕軌售票機改造及加固工程；及(ii)有關 香港公路隧道收費設備更換或改進工程 的各項目。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 17 二零二零年第一季度報告

OUTLOOK

The Group has been providing a full spectrum of E&M engineering solutions and services including development, design, fabrication, installation and maintenance for our customers. Apart from the existing business, the Group has been and will continue to expand our business scope as well as explore different market sectors. In April 2020, KML Engineering Limited (“ KML Engineering ”) has been successfully admitted to the List of Approved Suppliers of Materials and Specialist Contractors for Public Works under the category of Video Electronics Installation. The Group expects that we could expand our market portfolio by undertaking more projects in relation to the video electronics and closed circuit television (CCTV).

Besides, to align with the recent initiative of early deployment of the fifth generation of wireless technologies (“ 5G ”) by the Hong Kong Special Administrative Region (“ HKSAR ”) Government, the Group will expediate the research and development in this area particularly with the application of smart maintenance. We expect that by having less machine downtime, higher product quality, predictive maintenance and more informed decision making would benefit our customers both economically and operationally.

The unexpected significant influence from the outbreak of novel coronavirus across the world brings uncertainties and challenges to the Group. The Group will closely monitor the situation and will notify the stakeholders of the Company from time to time in relation to the situation affecting the Group.

展望

本集團提供全面的機電工程解決方案及 服務，包括為客戶開發、設計、裝配、 安裝及維護。除現有業務外，本集團已 經並將繼續擴展業務範疇以及探索不同 的市場領域。於二零二零年四月，高明 科技工程有限公司（「 高明科技工程 」）已 成功獲納入認可公共工程物料供應商及 專門承造商名冊中視像裝置類別。本集 團預期我們可透過承接更多有關視頻電 子及閉路電視的項目而擴大我們的市場 組合。

此外，為符合香港特別行政區（「 香港 特區 」）政府近期有關第五代無線技術 （「 5G 」）的早期部署的倡議，本集團將 加快該領域的研發，尤其是智能維修的 應用。我們預期，透過減少停機時間、 提高產品質量、預測維護及作出更多知 情決定將使客戶在經濟上及操作上均獲 益。

全球爆發新型冠狀病毒產生的意料之外 的重大影響對本集團帶來不確定因素及 挑戰。本集團會將密切監察形勢，並將 不時知會本公司持份者有關影響本集團 的情況。

18 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

FINANCIAL REVIEW

Revenue

Revenue of the Group for the three months ended 30 June 2020 amounted to approximately HK$63.1 million, representing an increase of approximately HK$11.3 million or 21.8% as compared with approximately HK$51.8 million for the three months ended 30 June 2019.

Cost of Sales and Gross Profit

The majority of the Group’s cost of sales comprised (i) material and equipment; (ii) direct labour; and (iii) subcontracting cost. The cost of sales increased by approximately 34.6% from approximately HK$36.4 million for the three months ended 30 June 2019 to approximately HK$49.0 million for the three months ended 30 June 2020. The gross profit of the Group decreased by approximately 8.4% from approximately HK$15.4 million for the three months ended 30 June 2019 to approximately HK$14.1 million for the three months ended 30 June 2020. The decrease in gross profit is mainly due to (i) an increasing competition of the market; and (ii) a decrease of efficiency when carrying out of our projects during the COVID-19 pandemic.

Administrative Expenses

The Group’s administrative expenses decreased by approximately 12.1% from approximately HK$9.9 million for the three months ended 30 June 2019 to approximately HK$8.7 million for the three months ended 30 June 2020. The decrease of administrative expense was mainly due to the approved wage subsidy of “Employment Support Scheme” under the “Anti-epidemic Fund” granted by the HKSAR Government.

財務回顧

收益

本集團截至二零二零年六月三十日止三 個月的收益約為63.1百萬港元，較截至 二零一九年六月三十日止三個月的約 51.8百萬港元增加約11.3百萬港元或約 21.8%。

銷售成本及毛利

本集團的主要銷售成本包括(i)物料及設 備；(ii)直接勞工；及(iii)分包成本。銷 售成本由截至二零一九年六月三十日止 三個月約36.4百萬港元增加約34.6%至 截至二零二零年六月三十日止三個月約 49.0百萬港元。本集團毛利由截至二零 一九年六月三十日止三個月約15.4百萬 港元減少約8.4%至截至二零二零年六 月三十日止三個月約14.1百萬港元。毛 利減少主要由於(i)市場競爭加劇；及(ii) 於新型冠狀病毒疫情期間開展項目的效 率降低。

行政開支

本集團行政開支由截至二零一九年六月 三十日止三個月約9.9百萬港元減少約 12.1%至截至二零二零年六月三十日止 三個月約8.7百萬港元。行政開支減少 主要由於香港特區政府「防疫抗疫基金」 下之「保就業」計劃經批准工資補貼。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 19 二零二零年第一季度報告

Profit attributable to owners of the Company

The Group recorded net profit attributable to the owners of the company of approximately HK$5.3 million for the three months ended 30 June 2020 (2019: net profit approximately HK$5.1 million).

Dividend

The Board does not recommend a payment of an interim dividend for the three months ended 30 June 2020 (2019: Nil).

SUBSEQUENT EVENT AFTER REPORTING PERIOD

On 6 July 2020, 1,750,000 shares (“ Shares ”) were awarded to certain eligible employees of KML Engineering. The 1,750,000 awarded Shares (“ Awarded Shares ”) granted represent approximately 0.44% of the total number of Shares in issue as at the date of this report (i.e. 6 August 2020) (the “ Date of this Report ”). Based on the closing price of HK0.22 per Share on the date of grant of the Awarded Shares, the market value of the 1,750,000 Awarded Shares is approximately HK$385,000.

Save as disclosed above, up to the Date of this Report, there were no subsequent events after this reporting period.

本公司擁有人應佔溢利

截至二零二零年六月三十日止三個月， 本集團錄得本公司擁有人應佔純利約 5.3百萬港元（二零一九年：純利約5.1百 萬港元）。

股息

董事會不建議就截至二零二零年六月 三十日止三個月派付中期股息（二零 一九年︰無）。

報告期後事項

於二零二零年七月六日，1,750,000股 股份（「 股份 」）授予高明科技工程若干 合資格的僱員。授出的1,750,000股獎 勵股份（「 獎勵股份 」）佔本報告日期（即 二零二零年八月六日）（「 本報告日期 」） 已發行股份總數約0.44%。基於獎勵 股份授出當日收市價每股股份0.22港 元，1,750,000股獎勵股份的市值約為 385,000港元。

除上文所披露者外，直至本報告日期， 概無本報告期後事項。

20 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

CORPORATE GOVERNANCE AND OTHER INFORMATION

CORPORATE GOVERNANCE

The Company is committed to maintaining high standards of corporate governance to safeguard the interests of the shareholders of the Company (the “ Shareholders ”) and to enhance corporate value and accountability. The Company has adopted the Corporate Governance Code (the “ CG Code ”) as set out in Appendix 15 to the GEM Listing Rules as its own code of corporate governance. During the three months ended 30 June 2020, the Company has complied with all applicable code provisions of the CG Code.

COMPLIANCE WITH THE REQUIRED STANDARD OF DEALINGS IN SECURITIES TRANSACTIONS BY DIRECTORS

The Company has adopted the required standard of dealings set out in Rules 5.48 to 5.67 of the GEM Listing Rules as its own code of conduct regarding Directors’ securities transactions in the securities of the Company. Having made specific enquiries of all the Directors, each of the Director has confirmed that he has complied with the required standard of dealings during the three months ended 30 June 2020.

企業管治及其他資料

企業管治常規

本公司致力維持高水平的企業管治，以 保障本公司股東（「 股東 」）權益以及提升 企業價值及問責性。本公司已採納GEM 上市規則附錄十五所載的企業管治守則 （「 企業管治守則 」），作為其本身的企業 管治守則。本公司於截至二零二零年六 月三十日止三個月一直遵守企業管治守 則項下的所有適用守則條文。

遵守董事進行證券交易的必守標準

本公司已採納GEM上市規則第5.48至 5.67條所載交易必守標準作為其本身就 董事進行本公司證券交易的操守準則。 經向全體董事作出特定查詢後，各董事 確認，於截至二零二零年六月三十日止 三個月已遵守交易必守標準。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 21 二零二零年第一季度報告

AUDIT COMMITTEE AND REVIEW OF ACCOUNTS

The Company has established an audit committee (the “ Audit Committee ”) with written terms of reference in compliance with Rules 5.28 to 5.33 of the GEM Listing Rules and the CG Code. The Audit Committee comprises three members, namely Mr. Lau On Kwok (chairman), Mr. Law Wing Chi Stephen and Dr. Tse Chi Kong, all of them are independent non-executive Directors. The Audit Committee has reviewed with the management the accounting policies and practices adopted by the Group and discussed financial reporting matters of the Company, including the review of the unaudited condensed consolidated results of the Group for the three months ended 30 June 2020 and this quarterly report. The Audit Committee is of the opinion that the unaudited condensed consolidated results of the Group for the three months ended 30 June 2020 comply with the applicable accounting standards and that adequate disclosures have been made.

CHANGES TO DIRECTORS’ INFORMATION

As at the Date of this Report, the Directors confirm that no information is required to be disclosed pursuant to GEM Rule 17.50A(1) of the GEM Listing Rules.

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

During the three months ended 30 June 2020, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company’s listed securities.

審核委員會及賬目審閱

本公司已遵照GEM上市規則第5.28條 至第5.33條及企業管治守則成立審核委 員會（「 審核委員會 」）並以書面界定其職 權範圍。審核委員會由三名成員（劉安 國先生（主席）、羅永志先生及謝智剛博 士）組成，彼等均為獨立非執行董事。 審核委員會已連同管理層審閱本集團採 納的會計政策及慣例，並討論本公司的 財務申報事宜，包括審閱本集團截至二 零二零年六月三十日止三個月的未經審 核簡明綜合業績及本季度報告。審核委 員會認為，本集團截至二零二零年六月 三十日止三個月的未經審核簡明綜合業 績符合適用會計準則，並已作出足夠披 露。

董事資料變動

於本報告日期，董事確認概無須根據 GEM上市規則第17.50A(1)條予以披露 之資料。

購買、出售或贖回本公司的上市證券

於截至二零二零年六月三十日止三個 月，本公司或任何其附屬公司概無購 買、出售或贖回任何本公司的上市證 券。

22 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

DIRECTORS’ AND CHIEF EXECUTIVE’S INTERESTS AND SHORT POSITIONS IN SHARES, UNDERLYING SHARES AND DEBENTURES OF THE COMPANY

董事及主要行政人員於本公司股份、 相關股份及債權證的權益及淡倉

As at 30 June 2020, the interests and short positions of the Directors and the chief executive of the Company in the Shares, underlying Shares and debentures of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (the “ SFO ”)) which were required (i) to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests and short positions which they were taken or deemed to have taken under such provisions of the SFO); or (ii) to be recorded in the register required to be kept pursuant to Section 352 of the SFO; or (iii) as otherwise notified to the Company and the Stock Exchange pursuant to the Rules 5.46 to 5.67 of the GEM Listing Rules were as follows:

於二零二零年六月三十日，董事及本公 司主要行政人員於本公司或其相聯法團 （定義見《證券及期貨條例》（「《 證券及期 貨條例 》」）第XV部）股份、相關股份及債 權證中擁有(i)根據《證券及期貨條例》第 XV部第7及8分須部知會本公司及聯交所 的權益及淡倉（包括根據《證券及期貨條 例》有關條文視為或當作擁有的權益及 淡倉）；或(ii)須登記於根據《證券及期貨 條例》第352條存置的登記冊；或(iii)根 據GEM上市規則第5.46至5.67條須知會 本公司及聯交所的權益及淡倉將如下：

		Number
		of Shares/		Approximate
		underlying		percentage of
	Capacity/	Shares held/	Long/short	shareholding
Name	Nature of Interest	interested	position (5)	of the Company
		所持╱擁有權益
		股份╱相關		於本公司的
姓名	身份╱權益性質	股份數目	好倉╱淡倉(5)	持股概約百分比
				(%)
Mr. Luk Kam Ming (“Mr. KM Luk”)(1)	Beneficial owner; interest of spouse	157,000,000	L	39.25
陸鑑明先生（「陸鑑明先生」）(1)	實益擁有人；配偶權益
Mr. Luk Kwai Lung (“Mr. KL Luk”)(2)	Interest in a controlled corporation	138,000,000	L	34.50
陸季農先生（「陸季農先生」）(2)	受控法團權益
Mr. Luk Yin Cheung (“Mr. YC Luk”)(2)(3)	Interest in a controlled corporation,
	interest of spouse	138,600,000	L	34.65
陸彥彰先生（「陸彥彰先生」）(2)(3)	受控法團權益；配偶權益
Mr. Chan Chak Lun Philip	Beneficial owner
(“Mr. CL Chan”)(4)		4,000,000	L	1.00
陳澤麟先生（「陳澤麟先生」）(4)	實益擁有人

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 23 二零二零年第一季度報告

Notes:

• (1) Mr. KM Luk directly holds 100,000,000 Shares. Since Mr. KM Luk is the spouse of Ms. Leung Kwok Yee (“ Madam Leung ”), Mr. KM Luk is deemed to be interested in all the Shares in which Madam Leung is interested or deemed to be interested under the SFO, which is 57,000,000 Shares.

• (2) Each of Mr. KL Luk and Mr. YC Luk owns one common share in KML Holdings Limited (“ KML Holdings ”), representing 50% of the issued share capital of KML Holdings carrying voting rights. Mr. KL Luk and Mr. YC Luk are deemed to be interested in all Shares in which KML Holdings is interested or deemed to be interested under the SFO, which is 138,000,000 Shares.

• (3) Since Mr. YC Luk is the spouse of Ms. Woo Siu Wai (“ Madam Woo ”), Mr. YC Luk is deemed to be interest in all the Shares in which Madam Woo is interested or deemed to be interested under the SFO, which is 600,000 Shares.

• (4) Mr. CL Chan directly holds 2,000,000 Shares and was interested as a grantee of options to subscribe for up to 2,000,000 Shares under the Share Option Scheme (announced on 2 January 2020).

• (5) The Letter “L” denotes the entity/person’s long position in the Shares.

Save as disclosed above, as at 30 June 2020, none of the Directors or the chief executive of the Company had or was deemed to have any interest or short position in the Shares, underlying Shares or debentures of the Company or its associated corporations (within the meaning of Part XV of the SFO) that was required to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests and short positions which they were taken or deemed to have taken under such provisions of the SFO), or required to be recorded in the register required to be kept under Section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Rules 5.46 to 5.67 of the GEM Listing Rules.

附註：

• (1) 陸鑑明先生直接擁有100,000,000股 股份。由於陸鑑明先生為梁幗儀女士

• （「 梁女士 」）的配偶，故陸鑑明先生被 視為於梁女士擁有權益或根據《證券及 期貨條例》被視作擁有權益的所有股份

• （即57,000,000股股份）中擁有權益。

• (2) 陸季農先生及陸彥彰先生各自擁有 一股KML Holdings Limited（「 KML Holdings 」）普通股（佔KML Holdings 附帶投票權之已發行股本的50%）。 陸季農先生及陸彥彰先生於 K M L Holdings擁有權益或根據《證券及期貨 條例》被視作擁有權益的所有股份（即 138,000,000股股份）中擁有權益。

• (3) 由於陸彥彰先生為胡劭卉女士（「 胡 女士 」）的配偶，根據《證券及期貨條 例》，陸彥彰先生被視為於胡女士擁有 權益或被視作擁有權益的所有股份（即 600,000股股份）中擁有權益。

• (4) 陳澤麟先生直接持有2,000,000股股份 並以購股權承授人身份擁有權益，可 根據購股權計劃（於二零二零年一月二 日公佈）認購最多2,000,000股股份。

• (5) 字母「L」表示該實體╱個人於股份之好 倉。

除上文所披露者外，於二零二零年六月 三十日，概無董事或本公司主要行政人 員於本公司或其相關法團（定義見《證 券及期貨條例》第XV部）的股份、相關 股份或債權證中擁有或被視作擁有任何 根據《證券及期貨條例》第XV部第7及第 8分部須知會本公司及聯交所的權益及 淡倉（包括根據《證券及期貨條例》有關 條文彼等被當作或視作擁有的權益及淡 倉）、或須登記於根據《證券及期貨條 例》第352條存置的登記冊內的權益或淡 倉、或根據GEM上市規則第5.46至5.67 條須知會本公司及聯交所的權益或淡 倉。

24 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTERESTS AND SHORT POSITIONS IN SHARES, UNDERLYING SHARES AND DEBENTURES

主要股東及其他人士於股份、相關股 份及債權證的權益及淡倉

As at 30 June 2020, to the best knowledge of the Directors, the following persons (not being a Director or chief executive of the Company) had interests or short positions in the Shares or underlying Shares of the Company which would fall to be disclosed to the Company under the provisions of Divisions 2 and 3 of Part XV of the SFO, as recorded in the register required to be kept by the Company pursuant to Section 336 of the SFO:

於二零二零年六月三十日，就董事所深 知，以下人士（並非董事或本公司主要 行政人員）於本公司股份或相關股份擁 有本公司根據《證券及期貨條例》第336 條須存置的登記冊所記載根據《證券及 期貨條例》第XV部第2及3分部條文須向 本公司披露的權益或淡倉：

				Approximate
		Number of Shares/		Percentage of
	Capacity/	underlying Shares held/	Long/short	Shareholding
Name	Nature of Interest	interested	position (5)	in the Company
		所持╱擁有
		權益股份╱		於本公司的
姓名╱名稱	身份╱權益性質	相關股份數目好倉╱淡倉(5)		股權概約百分比
				(%)
KML Holdings(1)	Beneficial owner	138,000,000	L	34.50
	實益擁有人
Madam Leung(2)	Beneficial owner;	157,000,000	L	39.25
梁女士(2)	interest of spouse
	實益擁有人；配偶權益
Ms. Chan Patricia(3)	Interest of spouse	138,000,000	L	34.50
陳珮筠女士(3)	配偶權益
Madam Woo(4)	Beneficial owner;	138,600,000	L	34.65
胡女士(4)	interest of spouse
	實益擁有人；配偶權益

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 25 二零二零年第一季度報告

Notes:

• (1) Each of Mr. KL Luk and Mr. YC Luk owns one common share in KML Holdings, representing 50% of the issued share capital of KML Holdings carrying voting rights. Mr. KL Luk and Mr. YC Luk also own approximately 50% and approximately 50%, respectively, of the issued preferred shares in KML Holdings which do not carry voting rights but only rights to dividends.

• (2) Madam Leung is the spouse of Mr. KM Luk. By virtue of the SFO, Madam Leung is deemed to be interested in all the Shares in which Mr. KM Luk is interested or deemed to be interested under the SFO, and vice versa.

• (3) Ms. Chan Patricia is the spouse of Mr. KL Luk. By virtue of the SFO, Ms. Chan Patricia is deemed to be interested in all the Shares in which Mr. KL Luk is interested or deemed to be interested under the SFO.

• (4) Madam Woo is the spouse of Mr. YC Luk. By virtue of the SFO, Madam Woo is deemed to be interested in all the Shares in which Mr. YC Luk is interested or deemed to be interested under the SFO, which is 138,000,000 Shares. Madam Woo directly holds 300,000 Shares and was interested as a grantee of options to subscribe for up to 300,000 Shares under the Share Option Scheme (announced on 2 January 2020).

• (5) The Letter “L” denotes the entity/person’s long position in the Shares.

Save as disclosed above, as at 30 June 2020, the Directors were not aware of any persons (who were not Directors or chief executive of the Company) who had an interest or short position in the Shares or underlying Shares of the Company which would fall to be disclosed under Divisions 2 and 3 of Part XV of the SFO, or which would be required, pursuant to Section 336 of the SFO, to be entered in the register referred to therein.

附註：

• (1) 陸季農先生及陸彥彰先生各自擁有 KML Holdings一股普通股，佔KML Holdings附帶投票權的已發行股本 50%。陸季農先生及陸彥彰先生亦分 別擁有KML Holdings已發行優先股

• （並無附帶投票權但僅有收取股息的權 利）約50%及約50%。

• (2) 梁女士為陸鑑明先生的配偶。根據 《證券及期貨條例》，梁女士被視為於 陸鑑明先生擁有權益或根據《證券及期 貨條例》被視作擁有權益的所有股份中 擁有權益，反之亦然。

• (3) 陳珮筠女士為陸季農先生的配偶。根 據《證券及期貨條例》，陳珮筠女士 被視為於陸季農先生擁有權益或根據

• 《證券及期貨條例》被視作擁有權益的 所有股份中擁有權益。

• (4) 胡女士為陸彥彰先生的配偶。根據 《證券及期貨條例》，胡女士被視為於 陸彥彰先生擁有權益或根據《證券及期 貨條例》被視作擁有權益的所有股份

• （即138,000,000股股份）中擁有權益。 胡女士直接持有300,000股股份並以 購股權承授人身份擁有權益，可根據 購股權計劃（於二零二零年一月二日公 佈）認購最多300,000股股份。

• (5) 字母「L」表示該實體╱個人於股份之好 倉。

除上文所披露者外，於二零二零年六月 三十日，董事並不知悉任何人士（並非 董事或本公司主要行政人員）於本公司 股份或相關股份中擁有根據《證券及期 貨條例》第XV部第2及3分部須披露，或 根據《證券及期貨條例》第336條須記入 該條所述登記冊內的權益或淡倉。

26 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

SHARE OPTION SCHEME

In order to recognise and acknowledge the contributions that the directors and employees of the Group have made or may make to the Group, the Company approved and adopted the share option scheme pursuant to the written resolutions of the Shareholders passed on 20 September 2017 (the “ Share Option Scheme ”).

• (i) The Board may, at its absolute discretion and on such terms as it may think fit, grant an option to subscribe any director or employee of the Group, from time to time on the basis of his/her contribution or potential contribution to the development and growth of the Group.

• (ii) The maximum number of Shares in respect of which options may be granted under the Share Option Scheme must not in aggregate exceed 40,000,000 Shares, representing 10% of the total number of Shares in issue as at the Date of this Report.

• (iii) The total number of Shares issued and to be issued upon exercise of options granted to any participant (including both exercised an outstanding options) under the Share Option Scheme, in any 12-month period up to the date of grant shall not exceed 1% of the Shares in issue. Any further grant of options in excess of such limit must be separately approved by Shareholders in general meeting with such grantee and his/her close associates abstaining from voting.

• (iv) An option may be exercised in accordance with the terms of the Share Option Scheme at any time during a period as the Board may determine which shall not exceed 10 years from the date of grant subject to the provisions of early termination thereof.

購股權計劃

為嘉許及表揚已經或可能對本集團作出 的貢獻的董事及僱員，本公司已根據股 東於二零一七年九月二十日通過的書面 決議案批准及採納購股權計劃（「 購股權 計劃 」）。

• (i) 董事會可全權酌情及按照其可能 認為合適的相關條款，基於其對 本集團的發展及成長所作出之貢 獻或潛在貢獻不時向本集團的任 何董事或僱員授出購股權。

• (ii) 根據購股權計劃可能授出之購股 權可認購之股份最大數目合計不 得超過40,000,000股股份，佔 於本報告日期已發行股份總數的 10%。

• (iii) 直至授出日期止任何 12 個月期 間，因根據購股權計劃授予任何 參與者的購股權（包括已行使及尚 未行使的購股權）獲行使而已發行 及將發行的股份總數不得超過已 發行股份的1%。額外授出任何 超過該上限的購股權須經股東於 股東大會上另行批准，且該承授 人及其緊密聯繫人須放棄投票。

• (iv) 承授人可於董事會可能釐定的期 間，隨時根據購股權計劃的條款 行使購股權，惟有關期間不得超 過由授出日期起計10年，並受有 關提前終止條文所規限。

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 27 二零二零年第一季度報告

• (v) An offer for the grant of options must be accepted within three business days from the date of offer. The amount payable by the eligible persons of an option to the Company on acceptance of the offer for the grant of an option is HK$10.

• (vi) The subscription price of a Share in respect of any particular option granted under the Share Option Scheme shall be a price solely determined by the Board and notified to an eligible person and shall not be less than the highest of: (i) the closing price of the Shares as stated in the Stock Exchange’s daily quotations sheet on the date of grant of the option, which must be a business day; (ii) the average closing prices of the Shares as stated in the Stock Exchange’s daily quotations sheets for the five business days immediately preceding the date of grant of the option; and (iii) the nominal value of a Share on the date of grant of the option.

• (vii) The Share Option Scheme will remain in force for a period of 10 years commencing on the Listing Date and shall expire at the close of business on the business day immediately preceding the 10th anniversary thereof unless terminated earlier by the Shareholders in a general meeting.

On 2 January 2020, the Company granted 9,800,000 share options (“ Options ”) to certain eligible participants (the “ Grantee(s) ”), subject to acceptance by the Grantees, to subscribe for Shares with nominal value of HK$0.01 each of the Company under the Share Option Scheme. Among the Options granted, 2,000,000 Options were granted to a Director of the Company, 700,000 Options were granted to a director of a subsidiary of the Company and 300,000 Options were granted to an associate to a Director of the Company.

• (v) 授出購股權的要約須於要約日期 起三個營業日內接納。購股權的 合資格人士須於接納要約時就獲 授的一份購股權向本公司支付10 港元。

• (vi) 根據購股權計劃授出的任何一份 特別購股權的股份認購價將為由 董事會全權釐定並通知合資格人 士的價格，且不得低於下列各項 中的最高者：(i)聯交所每日報價 表所報股份於授出購股權當日（須 為營業日）的收市價；(ii)聯交所每 日報價表所報股份於緊接授出購 股權當日前五個營業日的平均收 市價；及(iii)股份於授出購股權當 日的面值。

• (vii) 購股權計劃將於上市日期起計10 年內有效，除非在股東大會上遭 股東提早終止，否則於緊接購股 權計劃滿十週年前一個營業日的 營業時間結束時屆滿。

於二零二零年一月二日，本公司根據 購股權計劃向若干合資格參與者（「 承 授人 」）授出9,800,000股購股權（「 購 股權 」），以認購本公司股本中每股面 值0.01港元之股份，惟尚待承授人接 納，方可作實。在授出的購股權當中， 2,000,000股購股權授予本公司一名董 事、700,000股購股權授予本公司附屬 公司的一名董事及300,000股購股權授 予本公司一名董事的聯繫人。

28 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

Details regarding the number of Options, date of grant, vesting period, exercise period and exercise price of the Options granted under the Share Option Scheme are set out below:

有關根據購股權計劃授出購股權之購股 權數目、授出日期、歸屬期、行使期及 行使價之詳情載列如下：

							Closing price
		Total					immediately
	Date of	number of	Number of			Exercise price of	before date
Name of participants	Options granted	Options granted	Options granted	Vesting period	Exercise period	Options	of grant
		已授出購股權	已授出				緊接授出日期
參與者姓名	授出購股權日期	數目總數	購股權數目	歸屬期	行使期	購股權行使價	前之收市價
						HK$ per share	HK$ per share
						港元╱股	港元╱股
Mr. CL Chan	2 January 2020	2,000,000	2,000,000	2 January 2020 to	1 July 2021 to	0.259	0.25
(Director and				30 June 2021	1 January 2025
chief executive officer)
陳澤麟先生	二零二零年一月二日			二零二零年一月二日至	二零二一年七月一日至
（董事兼行政總裁）				二零二一年六月三十日	二零二五年一月一日
Ms. Wai Hang Ying Helen	2 January 2020	700,000	700,000	2 January 2020 to	1 July 2021 to	0.259	0.25
(Director of KML Engineering)				30 June 2021	1 January 2025
衛杏英女士	二零二零年一月二日			二零二零年一月二日至	二零二一年七月一日至
（高明科技工程的董事）				二零二一年六月三十日	二零二五年一月一日
Madam Woo	2 January 2020	300,000	300,000	2 January 2020 to	1 July 2021 to	0.259	0.25
(Company Secretary)				30 June 2021	1 January 2025
胡女士	二零二零年一月二日			二零二零年一月二日至	二零二一年七月一日至
（公司秘書）				二零二一年六月三十日	二零二五年一月一日
Employees	2 January 2020	6,800,000	3,500,000	2 January 2020 to	1 July 2020 to	0.259	0.25
				30 June 2020	1 January 2025
僱員	二零二零年一月二日			二零二零年一月二日至	二零二零年七月一日至
				二零二零年六月三十日	二零二五年一月一日
			3,300,000	2 January 2020 to	2 January 2021 to	0.259	0.25
				1 January 2021	1 January 2025
				二零二零年一月二日至	二零二一年一月二日至
				二零二一年一月一日	二零二五年一月一日
Total:		9,800,000
總計：

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 29 二零二零年第一季度報告

Details of the movements of Options granted, exercised or cancelled/lapsed during the three months ended 30 June 2020 and still outstanding as at 30 June 2020 are as follows:

於截至二零二零年六月三十日止三個月 內已授出、已行使或已注銷╱已失效及 於二零二零年六月三十日尚未行使之購 股權變動詳情如下：

Name of participants 參與者姓名 Mr. CL Chan (Director and chief executive officer) 陳澤麟先生 （董事兼行政總裁） Wai Hang Ying Helen (Director of KML Engineering) 衛杏英女士 （高明科技工程的董事） Madam Woo (Company Secretary) 胡女士 （公司秘書） Employees 僱員 Total 總計	Outstanding as at 1 April 2020 Number of Options granted Number of Options exercised Number of Options cancelled Number of Options lapsed Outstanding as at 30 June 2020 於二零二零年 四月一日 尚未行使 已授出 購股權數目 已行使 購股權數目 已註銷 購股權數目 已失效 購股權數目 二零二零年 六月三十日 尚未行使 2,000,000 – – – – 2,000,000 700,000 – – – – 700,000 300,000 – – – – 300,000 6,800,000 – – – – 6,800,000
	9,800,000 – – – – 9,800,000

30 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

SHARE AWARD SCHEME

股份獎勵計劃

The Company adopted a share award scheme (the “ Share Award Scheme ”) on 5 November 2018 (the “ Adoption Date ”). Subject to any early termination as may be determined by the Board, the Share Award Scheme shall be valid and effective for a term of 15 years commencing on the Adoption Date. Please refer to the announcement dated 5 November 2018 for details.

本公司於二零一八年十一月五日（「 採納 日期 」）採納一項股份獎勵計劃（「 股份獎 勵計劃 」）。股份獎勵計劃將自採納日期 起生效，有效期為十五年，董事會可決 定提前終止。有關詳情，請參閱日期為 二零一八年十一月五日的公告。

On 29 June 2020, 800,000 Awarded Shares were granted to an employee of KML Engineering. The 800,000 Awarded Shares granted represent approximately 0.2% of the total number of Shares in issue as at the Date of this Report. Based on the closing price of HK0.22 per Share on the date of grant of the Awarded Shares, the market value of the 800,000 Awarded Shares is approximately HK$176,000.

於二零二零年六月二十九日，800,000 股獎勵股份授予高明科技工程的僱員。 授出的800,000股獎勵股份佔本報告日 期已發行股份總數約0.2%。基於獎勵 股份授出當日收市價每股股份0.22港 元，800,000股獎勵股份的市值約為 176,000港元。

Set out below is a summary of all the grants of Awarded Shares since the Adoption Date and up to 30 June 2020:

下文載列自採納日期起及直至二零二零 年六月三十日止所有授出獎勵股份的概 述：

				Market value
			Closing	of the
		Number of	price per	Awarded
		Awarded	Share at the	Shares
Date of grant	Grantee	Shares granted	date of grant	granted
		授出的獎勵	於授出日期	授出的獎勵
授出日期	承授人	股份數目	每股收市價	股份市值
			(HK$)	(HK$)
			（港元）	（港元）
29 June 2020	Eligible employee	800,000	0.22	176,000
二零二零年六月二十九日	合資格僱員

KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 31 二零二零年第一季度報告

DIRECTORS’ RIGHTS TO ACQUIRE SHARES OR DEBENTURES

Save as otherwise disclosed in this report, at no time during the three months ended 30 June 2020 was the Company or any of its subsidiaries a party to any arrangement that would enable the Directors to acquire benefits by means of acquisition of shares in, or debentures of, the Company or any other body corporate, and none of the Directors or any of their spouses or children under the age of 18 were granted any right to subscribe for the equity or debt securities of the Company or any other body corporate or had exercised any such right.

DIRECTORS’, CONTROLLING SHAREHOLDERS’ INTERESTS IN COMPETING BUSINESS

For the three months ended 30 June 2020, none of the Directors, controlling Shareholders or their respective associates had engaged in or had any interest in any business which competes or is likely to compete, either directly or indirectly, with the business of the Group.

On behalf of the Board KML Technology Group Limited Luk Kam Ming Chairman and Executive Director

Hong Kong, 6 August 2020

As at the Date of this Report, the executive Directors are Mr. LUK Kam Ming, Mr. CHAN Chak Lun Philip, Mr. LUK Kwai Lung and Mr. LUK Yin Cheung; and the independent non-executive Directors are Mr. LAU On Kwok, Mr. LAW Wing Chi Stephen and Dr. TSE Chi Kong.

董事收購股份或債權證的權利

除本報告所披露者外，於截至二零二零 年六月三十日止三個月內任何時間，本 公司或其任何附屬公司概無訂立任何安 排，使董事可藉收購本公司或任何其他 法團的股份或債權證而獲得利益，且董 事或其任何配偶或未滿18歲子女概無獲 授予任何認購本公司或任何其他法團的 權益或債務證券的權利或已經行使任何 該權利。

董事及控股股東於競爭業務的權益

於截至二零二零年六月三十日止三個 月，概無董事、控股股東或彼等各自的 聯繫人從事與本集團業務直接或間接競 爭或可能競爭的任何業務或於該等業務 中擁有任何權益。

承董事會命 高萌科技集團有限公司 陸鑑明 主席兼執行董事

香港，二零二零年八月六日

於本報告日期，執行董事為陸鑑明先 生、陳澤麟先生、陸季農先生及陸彥彰 先生；及獨立非執行董事為劉安國先 生、羅永志先生及謝智剛博士。

32 KML Technology Group Limited 高萌科技集團有限公司

First Quarterly Report 2020 二零二零年第一季度報告

KML Technology Group Limited 高萌科技集團有限公司