StarGlory : FIRST QUARTERLY REPORT FOR THE THREE MONTHS ENDED 30 JUNE 2022

StarGlory榮 暉Holdings控 股 有Company限 公 司 Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8213)

FIRST QUARTERLY REPORT

FOR THE THREE MONTHS ENDED

30 JUNE 2022

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")

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

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

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

This report, for which the directors (the "Directors") of StarGlory Holdings Company Limited (the "Company") 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.

FINANCIAL HIGHLIGHTS FOR THE THREE MONTHS ENDED 30 JUNE 2022

Consolidated revenue of the Company and its subsidiaries (collectively the "Group") was approximately HK$39.3 million for the three months ended 30 June 2022, representing a decrease of approximately 4.8% compared with approximately HK$41.3 million recorded in the corresponding period last year.

Loss attributable to owners of the Company decreased to approximately HK$0.5 million for the three months ended 30 June 2022 from approximately HK$5.2 million recorded in the corresponding period last year.

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RESULTS

The board of Directors (the "Board") of the Company hereby announces the unaudited condensed consolidated results of the Group for the three months ended 30 June 2022, together with the comparative unaudited consolidated figures for the corresponding period last year:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED)

For the three months ended 30 June 2022

		For the three months
		ended 30 June
		2022		2021
	Notes	HK$'000	HK$'000
Revenue	2	39,282		41,256
Cost of sales		(16,212)	(17,950)
Gross profit		23,070		23,306
Other income		4,506		622
Operating expenses		(27,405)	(28,070)
Operating profit/(loss)		171		(4,142)
Finance costs		(1,412)	(1,412)
Loss before income tax		(1,241)	(5,554)
Income tax (expenses)/credit	3	(51)	366
Loss for the period		(1,292)	(5,188)
(Loss)/profit for the period
attributable to:
Owners of the Company		(531)	(5,190)
Non-controlling interests		(761)	2
		(1,292)	(5,188)
						(Restated)
Loss per share
(HK cents)	4
- Basic		(0.1)	(1.0)
- Diluted		(0.1)	(1.0)

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CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

For the three months ended 30 June 2022

	For the three months
	ended 30 June
	2022			2021
	HK$'000	HK$'000
Loss for the period	(1,292)		(5,188)
Other comprehensive income:
Item that may be subsequently
reclassified to profit or loss:
Exchange gain/(loss) arising from
translation of financial statements
of foreign operations	827			(771)
Total comprehensive loss for the period	(465)		(5,959)
Total comprehensive income/(loss)
for the period attributable to:
Owners of the Company	674			(5,961)
Non-controlling interests	(1,139)		2
	(465)		(5,959)

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