( Incorporated in the Cayman Islands with limited liability) Stock Code8222 GEM CHARACTERISTICS OF GEM OF THE STOCKEXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM G E Mh a s b e e n p o s i t i o n e d a s a m a r k e t d e s i g n e d t oaccommodate small and mid-sized companies to whichahigher investment risk may be attached than othercompanieslisted on the Stock Exchange.Prospectiveinvestorsshould be aware of the potential risks ofinvesting in such companies and should make the decisionto invest only after due and careful consideration. GEMGEMGEM Given that the companies listed on GEM are generally smalland mid-sized companies, there is a risk that securitiestraded on GEM may be more susceptible to high marketvolatility than securities traded on the Main Board and noassurance is given that there will be a liquid market in thesecurities traded on GEM. HongKong Exchanges and Clearing Limited and the StockExchange take no responsibility for the contents of this report,make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoeverarising from or in reliance upon the whole or any part of thecontents of this report. GEMGEM This report, for which the directors (the “Directors”) of E LightingGroupHoldings Limited(the”Company”or“E Lighting”)collectively and individually accept full responsibility, includesparticulars given in compliance with the Rules Governing theListing of Securities on GEM of the Stock Exchange (the “GEMListing Rules”) for the purpose of giving information with regardto the Company. The Directors, having made all reasonableenquiries, confirm that, to the best of their knowledge and beliefthe information contained in this report is accurate and completein all material respects and not misleading or deceptive, andthere are no other matters the omission of which would makeany statement herein or this report misleading. CONTENTS 2Management Discussion and Analysis5Corporate Governance andOther Information12Condensed Consolidated Statementof Profit or Loss and OtherComprehensive Income13Condensed Consolidated Statement ofChanges in Equity14Notes to the Condensed ConsolidatedFinancial Statements MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND FUTURE OUTLOOKBusiness Review Retail chain business in lighting and designer label furniture isthe core business of the Company and its subsidiaries (collectivelyreferred to as the “Group”). Being one of the most establishedretail chain groups of lighting products in Hong Kong, E Lightingpossesses rich experience in the sale of quality lighting anddesigner label furniture products from all over the world. Duringthe three months ended 30 June 2023 (the “Reporting Period”),the Group timely adjusted its product strategies and activelycarried out promotion activities. Future Outlook The Directors foresee that the Hong Kong retail market remainschallenging, retail market would continue to be affected by thedevelopment of post-local epidemic in the near term. The Groupwill closely monitor the trend of the business environment,maintain pragmatic approach for its business and take everychance to identify any suitable opportunity in the market for theGroup. The Group will continue to concentrate on the consolidation ofits retail network, optimisation of product mix and intensificationof cost control, and will also continue to seize opportunitiesto stabilise growth through cautious strategic planning. In themeantime, the Group is actively developing smart home andrelated products and closely looking for new opportunities forthose businesses. Looking forward, housing is one of the biggest concerns andneeds for Hong Kong citizens and housing is closely related todemand of lighting and household products. Therefore, theGroup is afforded with new opportunities in its various linesof business. The Group will adopt more cautious strategies,which will be executed with prudence and closely control itsexpenditure in order to maintain its competitiveness. The Groupwill strive to maintain a streamlined business operation, whilecatering for consumers’ specific needs and being responsive tomarket changes. Leveraging on the support of the capital market,its own strengths, and the global trends of saving energy,protecting the environment and pursuing a higher quality oflife, the Group is cautiously confident of its development in thefuture. The Group will strive to maintain steady growth and tomaximise returns for the investors. FINANCIAL REVIEW Revenue 19,568,00021,804,00010.3% D u r i n gt h e R e p o r t i n g P e r i o d ,t h e G r o u p ’ s r e v e n u e w a sapproximatelyHK$19,568,000,representing a decrease ofapproximately 10.3% from approximately HK$21,804,000 ascompared with that of the corresponding period in last year,which was mainly due to the continuous weak retail sentiment inHong Kong. Gross Profit and Gross Profit Margin Duringthe Reporting Period,the Group’s gross