Century Entertainment International : Interim Report 2022/23

INTERIM REPORT 2022/23

世紀娛樂國際控股有限公司

Century Entertainment International Holdings Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 959)

Contents

Corporate Information	2
Management Discussion and Analysis	3
Other Information	13
Condensed Consolidated Statement of	22
Profit or Loss and Other Comprehensive Income
Condensed Consolidated Statement of Financial Position	23
Condensed Consolidated Statement of Changes in Equity	25
Condensed Consolidated Statement of Cash Flows	26
Notes to Condensed Consolidated Financial Statements	27

Corporate Information

BOARD OF DIRECTORS

Executive

Mr. Ng Man Sun (Chairman and Chief Executive Officer)

Ms. Ng Wai Yee

Independent Non-executive

Ms. Yeung Pui Han, Regina

Mr. Li Chi Fai

Ms. Sie Nien Che, Celia

AUDIT COMMITTEE

Mr. Li Chi Fai (Chairman)

Ms. Yeung Pui Han, Regina

Ms. Sie Nien Che, Celia

COMPLIANCE COMMITTEE

Ms. Ng Wai Yee (Chairlady)

Mr. Li Chi Fai

Mr. Man Yun Wah

(Company Secretary)

REMUNERATION COMMITTEE

Ms. Yeung Pui Han, Regina (Chairlady)

Ms. Ng Wai Yee

Ms. Sie Nien Che, Celia

NOMINATION COMMITTEE

Mr. Ng Man Sun (Chairman)

Ms. Yeung Pui Han, Regina

Ms. Sie Nien Che, Celia

COMPANY SECRETARY

Mr. Man Yun Wah

AUDITOR

UniTax Prism (HK) CPA Limited

LEGAL ADVISER

Cheng, Yeung & Co.

INVESTOR RELATIONS CONSULTANT

DLK Advisory Limited

STOCK CODE

959

BRANCH SHARE REGISTRAR

Tricor Secretaries Limited

17/F, Far East Finance Centre

16 Harcourt Road

Hong Kong

REGISTERED OFFICE

Clarendon House

2 Church Street

Hamilton HM11

Bermuda

HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS

G02, Shun Tak Centre

168-200 Connaught Road Central

Sheung Wan

Hong Kong

2 Century Entertainment International Holdings Limited

Management Discussion and Analysis

The board (the "Board") of directors (the "Directors") of Century Entertainment International Holdings Limited ("Century Entertainment" or the "Company") reports the unaudited condensed consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 September 2022 (the "Period under Review") (the "2022 Interim Results").

FINANCIAL REVIEW

The principal activities of the Group are investment holdings, operating the gaming tables in Cambodia and the development of innovative intellectual properties and technological solutions in connection with AR/VR applications to clients.

The Group recorded no revenue for the Period under Review, as compared to approximately HK$0.2 million in the corresponding period last year. The decrease in revenue was mainly attributable to the spread of COVID-19 and the imposed lockdown measures and temporary closure of all casinos in Cambodia affecting the gaming table business and also that the work on the re-opening of the gaming table was still in progress. Net loss for the Period under Review was approximately HK$5.8 million, decreasing approximately 72% as compared to approximately HK$20.8 million for the corresponding period last year. The decrease in loss was mainly due to (a) recognition of a reversal of impairment loss on accounts and other receivables of approximately HK$9.4 million; and (b) recognition of a fair value gain on financial assets and financial liabilities at fair value through profit or loss of approximately HK$2.1 million for the six months ended 30 September 2022.

Capital Structure

As at 30 September 2022, the Company's total number of issued shares was 128,247,561 (31 March 2022: 128,247,561) at HK$0.01 each. The Group's consolidated net liabilities totalled approximately HK$32.5 million, representing an increase of approximately HK$5.8 million as compared to net liabilities of approximately HK$26.7 million as at 31 March 2022.

Interim Report 2022/23

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