2021/22

INTERIM REPORT

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 Greatwalle Inc. (the "Company" and together with its subsidiaries, the "Group") 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.

CONTENTS

Corporate Information

2

Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income

3

Unaudited Condensed Consolidated Statement of Financial Position

4

Unaudited Condensed Consolidated Statement of Changes in Equity

5

Unaudited Condensed Consolidated Statement of Cash Flows

6

Notes to Unaudited Condensed Consolidated Interim Financial Information

7

Management Discussion and Analysis

18

Corporate Governance and Other Information

28

Greatwalle Inc. • Interim Report 2021/22 1

CORPORATE INFORMATION

DIRECTORS

REGISTERED OFFICE

Executive Directors:

Windward 3

Mr. Song Xiaoming (Chairman)

Regatta Office Park

Ms. Song Shiqing

P.O. Box 1350

Ms. Lin Shuxian

Grand Cayman

KY1-1108

Non-executive Director:

Cayman Islands

Mr. Chung Man Lai

HEADQUARTERS AND PRINCIPAL PLACE OF

Independent Non-executive Directors:

BUSINESS IN HONG KONG

Mr. Li Zhongfei

Room 2008, 20/F.

Mr. Zhao Jinsong

Mr. Liu Chengwei

West Tower, Shun Tak Centre

AUDIT COMMITTEE

200 Connaught Road Central

Hong Kong

Mr. Zhao Jinsong (Chairman)

PRINCIPAL SHARE REGISTRAR AND

Mr. Li Zhongfei

TRANSFER OFFICE IN THE CAYMAN

Mr. Liu Chengwei

ISLANDS

REMUNERATION COMMITTEE

Ocorian Trust (Cayman) Limited

Mr. Li Zhongfei (Chairman)

Windward 3

Regatta Office Park

Mr. Zhao Jinsong

P.O. Box 1350

Mr. Liu Chengwei

Grand Cayman

NOMINATION COMMITTEE

KY1-1108

Cayman Islands

Mr. Song Xiaoming (Chairman)

BRANCH SHARE REGISTRAR AND

Mr. Li Zhongfei

TRANSFER OFFICE IN HONG KONG

Mr. Zhao Jinsong

Tricor Investor Services Limited

COMPANY SECRETARY

Level 54

Ms. Lam Yuen Ling Eva

Hopewell Centre

183 Queen's Road East

AUTHORISED REPRESENTATIVES

Hong Kong

PRINCIPAL BANKER

Mr. Song Xiaoming

Ms. Song Shiqing

Bank of China (Hong Kong) Limited

INDEPENDENT AUDITOR

COMPANY WEBSITE

BDO Limited

www.kingforce.com.hk

STOCK CODE

8315

2 Greatwalle Inc. • Interim Report 2021/22

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS AND SIX MONTHS ENDED 30 SEPTEMBER 2021

For the three months

For the six months

ended 30 September

ended 30 September

2021

2020

2021

2020

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Notes

HK$'000

HK$'000

HK$'000

HK$'000

Revenue

3

12,585

11,481

27,439

29,955

Cost of services rendered

(12,873)

(10,260)

(27,462)

(26,127)

Gross profit

(288)

1,221

(23)

3,828

Other income

4

30

4,948

126

5,079

Administrative expenses

(7,418)

(8,557)

(12,396)

(14,964)

Finance costs

5

(759)

(736)

(1,501)

(1,354)

Loss before income tax

6

(8,435)

(3,124)

(13,794)

(7,411)

Income tax expense

7

(1)

(3)

12

(29)

Loss for the period from continuing

operations

(8,436)

(3,127)

(13,782)

(7,440)

Discontinued operations

-

-

Loss for the period from discontinued operations

-

(1)

Loss for the period

(8,436)

(3,127)

(13,782)

(7,441)

Other comprehensive income that may be

reclassified subsequently to profit or loss:

Exchange difference on translation of financial

175

1,374

statements of foreign operations

81

111

Other comprehensive income for the period

175

81

1,374

111

Total comprehensive income

for the period

(8,261)

(3,046)

(12,408)

(7,330)

Loss for the period attributable to:

(8,147)

(13,228)

Owners of the Company

(2,816)

(6,649)

Non-controlling interests

(289)

(311)

(554)

(792)

(8,436)

(3,127)

(13,782)

(7,441)

Total comprehensive income

for the period attributable to:

(7,974)

(11,851)

Owners of the Company

(2,725)

(6,542)

Non-controlling interests

(287)

(321)

(557)

(788)

(8,261)

(3,046)

(12,408)

(7,330)

HK cents

HK cents

HK cents

HK cents

Loss per share for loss attributable to owners

(Restated)

(Restated)

of the Company from continuing and

discontinued operations

8

- Basic and diluted

(1.68)

(1.05)

(3.23)

(2.57)

From continuing operations

(1.68)

(3.23)

- Basic and diluted

(1.05)

(2.57)

From discontinued operations

-

-

- Basic and diluted

-

-

Greatwalle Inc. • Interim Report 2021/22 3

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Greatwalle Inc. published this content on 14 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 03:16:07 UTC.