萬星控股：截至二零二二年九月三十日止三個月第一季度業績公告

– 1 –香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。

MILLIONSTARSHOLDINGSLIMITED萬星控股有限公司（於開曼群島註冊成立之有限公司）（股份代號：8093）截至二零二二年九月三十日止三個月第一季度業績公告香港聯合交易所有限公司（「聯交所」）GEM特色GEM的地位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市的市場。

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上市公司一般為中小型公司，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。

本公告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關萬星控股有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本公告的資料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，確認就其所知及所信，本公告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且並無遺漏任何其他事項，足以令致本公告所載任何陳述或本公告產生誤導。

– 2 –萬星控股有限公司董事會（「董事會」）欣然宣佈本公司及其附屬公司截至二零二二年九月三十日止三個月之未經審核綜合業績（「第一季度業績」）。

本公告載列本公司截至二零二二年九月三十日止三個月期間之第一季度報告全文，符合GEM上市規則披露第一季度業績初步公告之資料的相關規定。

承董事會命萬星控股有限公司主席朱勇軍香港，二零二二年十一月十一日於本公告日期，董事會包括：執行董事朱勇軍先生、甘曉華先生及田園女士；及獨立非執行董事陳策先生、江穎女士及朱敏麗女士。

本公告將由其刊登之日起計最少一連七天於GEM網站 之「最新公司公告」網頁及本公司網站內刊登。

CHARACTERISTICSOFGEMOFTHESTOCKEXCHANGEOFHONGKONGLIMITED (THE “STOCKEXCHANGE”)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.This report, for which the directors (the “Directors”) of Million Stars Holdings 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 “GEMListing 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 will remain on the “Latest Listed Company Information” page of the Stock Exchange website for at least 7 days from the date of its publication. This report will also be published on the website of the Company .香港聯合交易所有限公司（「聯交所」）GEM特色GEM的地位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市的市場。

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上市公司一般為中小型公司，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。

本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關萬星控股有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本報告的資料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，沒有誤導或欺詐成分，且並無遺漏任何其他事項，足以令致本報告所載任何陳述或本報告產生誤導。

本報告將由刊發日期起計至少七日於聯交所網站()之「最新上市公司公告」頁內刊登。

本報告亦將於本公司網站()內登載。

3 Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income未經審核簡明綜合損益及其他全面收益表4 Unaudited Condensed Consolidated Statement of Changes in Equity未經審核簡明綜合權益變動表6 Notes to The Unaudited Condensed Consolidated Financial Information未經審核簡明綜合財務資料附註12 Management Discussion and Analysis管理層討論及分析21 Other Information其他資料CONTENTS目錄2022/2023第一季度報告萬星控股有限公司03FORTHETHREEMONTHSENDED 30 SEPTEMBER 2022 (UNAUDITED)截至二零二二年九月三十日止三個月（未經審核）FIRSTQUARTERLYRESULTS第一季季度業績The board of Directors (the “Board”) of the Company is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries ( the “Group”) fo r the th ree months ended 30 September 2022, together with the unaudited comparative figures for the corresponding period in 2021 as follows:UNAUDITEDCONDENSEDCONSOLIDATED STATEMENTOFPROFITORLOSSAND OTHERCOMPREHENSIVEINCOMEThree months ended30 September截至九月三十日止三個月20222021二零二二年二零二一年Notes HK$’000 HK$’000附註千港元千港元(Unaudited) (Unaudited)（未經審核） （未經審核）REVENUE收入24522,376Cost of sales銷售成本24 (20,339) Gross profit毛利212,037Other income, gains and losses, net其他收入、收益及虧損淨額310210,616Selling and distribution expenses銷售及分銷開支(50) (104)Administrative expenses行政開支(6,961) (7,522)Reversal of impairment losses ontrade and other receivables/amount due from an associate撥回貿易及其他應收款項╱應收一間聯營公司款項的減值虧損– – Profit/(Loss) from operations經營溢利╱（虧損） (6,888) 5,027Finance costs財務成本4 (36) (50)Share of results of associates應佔聯營公司業績– – Profit/(Loss) before tax除稅前溢利╱（虧損） 5 (6,924) 4,977Income tax expenses所得稅開支6 – – Profit/(Loss) for the period attributable to owners of the Company本公司擁有人應佔期內溢利╱（虧損） (6,924) 4,977 Other comprehensive income其他全面收益Items that may be reclassified subsequently to profit or loss:其後可能重新分類至損益的項目：Exchange differences on translation of foreign operations換算境外業務之匯兌差額1,794113Share of exchange differences of associates 應佔聯營公司匯兌差額– – Other comprehensive income for the period期內其他全面收益1,794113 Total comprehensive income for the period attributable to owners of the Company本公司擁有人應佔期內全面收益總額(5,130) 5,09020222021二零二二年二零二一年HK cents HK cents港仙港仙Earnings/(Loss) per share attributableto owners of the CompanyBasic本公司擁有人應佔每股盈利╱（虧損）基本7 (1.42) 1.06Diluted攤薄N/A不適用N/A不適用本公司董事會（「董事會」）欣然宣佈本公司及其附屬公司（「本集團」）截至二零二二年九月三十日止三個月之未經審核簡明綜合業績連同二零二一年同期之未經審核比較數字如下：未經審核簡明綜合損益及其他全面收益表MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202304FORTHETHREEMONTHSENDED 30 SEPTEMBER 2022截至二零二二年九月三十日止三個月UNAUDITEDCONDENSEDCONSOLIDATED STATEMENTOFCHANGESINEQUITY未經審核簡明綜合權益變動表Attributable to owners of the Company本公司擁有人應佔Share capitalShare premiumStatutory reserveExchange reserveRetained earnings Total股本股份溢價法定儲備匯兌儲備保留盈利總計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(note)（附註）As at 1 July 2022 (unaudited)於二零二二年七月一日（未經審核） 4,88060,9021,806 (2,765) 21,75086,573Profit for the period期內溢利– – – – (6,924) (6,924)Other comprehensive income for the period期內其他全面收益– – – 1,794 – 1,794Total comprehensive income for the period期內全面收益總額– – – 1,794 (6,924) (5,130)Issue of shares發行股份– – – – – – As at 30 September 2022 (unaudited)於二零二二年九月三十日（未經審核） 4,88060,9021,806 (971) 14,82681,443At 30 June 2021 and 1 July 2021(audited)於二零二一年六月三十日及二零二一年七月一日（經審核） 4,20044,5821,806 (6,231) 87,413131,770Profit for the period期內溢利– – – – 4,9774,977Other comprehensive income for the period期內其他全面收益– – – 113 – 113Total comprehensive income for the period期內全面收益總額– – – 1134,9775,090Issue of shares發行股份68016,320 – – – 17,000 As at 30 September 2021 (unaudited)於二零二一年九月三十日（未經審核） 4,88060,9021,806 (6,118) 92,390153,8602022/2023第一季度報告萬星控股有限公司05FORTHETHREEMONTHSENDED 30 SEPTEMBER 2022截至二零二二年九月三十日止三個月UNAUDITEDCONDENSEDCONSOLIDATED STATEMENTOFCHANGESINEQUITY未經審核簡明綜合權益變動表Note:STATUTORYRESERVEPursuant to the relevant laws and regulations for business enterprises in the PRC, a portion of the profits of the entities which are registered in the PRC have been transferred to the statutory reserve which is restricted as to use. When the balance of such reserve reaches 50% of the capital of that entity, any further appropriation is optional. The statutory reserve can be utilised, upon approval of the relevant authority, to offset prior years’ losses or to increase capital. However, the balance of the statutory reserve must be maintained at a minimum 25% of capital after such usage.附註：法定儲備根據中國的相關企業法律及法規，於中國註冊之實體之部分溢利已轉撥至有限定用途之法定儲備。

當該等儲備結餘達該實體資本之50%時，可選擇是否作出任何進一步劃撥。

法定儲備在獲得相關部門批准後方可動用，以抵銷過往年度之虧損或增資。

然而，運用法定儲備後之結餘須維持在資本之最低25%。

MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202306NOTESTOTHEUNAUDITEDCONDENSED CONSOLIDATEDFINANCIALINFORMATION未經審核簡明綜合財務資料附註1.一般資料、編製基準及會計政策本公司股份自二零二一年十月四日起暫停買賣，於二零二二年九月二十六日起恢復買賣。

截至二零二二年九月三十日止三個月的未經審核簡明綜合財務報表乃按歷史成本基準編製。

未經審核簡明綜合財務報表尚未經本公司核數師審核，惟已由本公司審核委員會審閱。

未經審核簡明綜合財務報表以港元（「港元」）呈列，除另有說明外，港元亦為本公司之功能貨幣。

截至二零二二年九月三十日止三個月的未經審核簡明綜合財務報表乃根據香港公認會計原則以及遵照香港會計師公會（「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GEM上市規則規定的適用披露條文編製。

1. GENERALINFORMATION, BASISOF PREPARATIONANDACCOUNTING POLICIESThe trading of Shares of the Company was suspended from 4 October 2021 and resumed trading on 26 September 2022.The unaudited condensed consolidated financial statements for the three months ended 30 September 2022 have been prepared on the historical cost basis.The unaudited condensed consolidated financial statements have not been audited by the Company’s auditors, but have been reviewed by the audit committee of the Company.The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (“HK$”), which is also the functional currency of the Company, unless otherwise stated.The unaudited condensed consolidated financial statements for the three months ended 30 September 2022 have been prepared in accordance with the accounting principles generally accepted in Hong Kong and comply with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and the applicable disclosures by the GEMListing Rules.2022/2023第一季度報告萬星控股有限公司07NOTESTOTHEUNAUDITEDCONDENSED CONSOLIDATEDFINANCIALINFORMATION未經審核簡明綜合財務資料附註1. GENERALINFORMATION, BASISOF PREPARATIONANDACCOUNTING POLICIES (Continued)The accounting policies of computation used in the preparation of the unaudited condensed consolidated financial statements for the three months ended 30 September 2022 are consistent with those adopted in the annual report for the year ended 30 June 2022 except for the adoption of the new and revised Hong Kong Financial Reporting Standards (the “New and Revised HKFRSs”) (which include all HKFRSs, Hong Kong Accounting Standards (“HKASs”) and Interpretations) issued by the HKICPA that are adopted for the first time for the current periods financial statements.In the current period, the Group has applied the following amendments to HKFRSs issued by the Hong Kong Inst i tute of Cert i f ied Publ ic Accountants (“HKICPA”) for the first time, which are mandatorily effective for the annual period beginning on or after 1 July 2021 for the preparation of the consolidated financial statements:Amendments to HKAS 39, HKFRS 4, HKFRS 7, HKFRS 9 and HKFRS 16Interest Rate Benchmark Reform — Phase 2Amendment to HKFRS 16 Covid-19-Related Rent Concessions beyond 30 June 2021The application of the amendments to HKFRSs in the current period has had no material impact on the Group’s f inanc ia l pos i t ions and performance for the current and prior periods and/or on the disclosures set out in these condensed consolidated financial statements.1.一般資料、編製基準及會計政策（續）編製截至二零二二年九月三十日止三個月的未經審核簡明綜合財務報表所用的會計政策及計算方法與截至二零二二年六月三十日止年度的年報所採用者貫徹一致，惟採納本期間財務報表首次採納由香港會計師公會頒佈的新訂及經修訂香港財務報告準則（「新訂及經修訂香港財務報告準則」，包括所有香港財務報告準則、香港會計準則（「香港會計準則」）及詮釋）則除外。

於本期間，本集團已首次應用香港會計師公會（「香港會計師公會」）頒佈並於二零二一年七月一日或之後開始之年度期間強制生效之以下經修訂香港財務報告準則，以編製綜合財務報表：香港會計準則第39號、香港財務報告準則第4號、香港財務報告準則第7號、香港財務報告準則第9號及香港財務報告準則第16號（修訂本）利率基準改革—第二階段香港財務報告準則第16號（修訂本）二零二一年六月三十日之後Covid-19相關租金寬減本期間應用經修訂香港財務報告準則對本集團於本期間及過往期間之財務狀況及表現及╱或載於該等簡明綜合財務報表之披露並無重大影響。

MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202308NOTESTOTHEUNAUDITEDCONDENSED CONSOLIDATEDFINANCIALINFORMATION未經審核簡明綜合財務資料附註2.收入收入主要指提供互聯網廣告代理服務及數字資產業務所得的收入。

3.其他收入、收益及虧損淨額4.財務成本2. REVENUERevenue principally represented income derived from the provision of internet advertising agency services and digital assets business.3. OTHERINCOME, GAINSANDLOSSES, NETThree months ended30 September截至九月三十日止三個月20222021二零二二年二零二一年HK$’000 HK$’000千港元千港元Gain on disposal of intangible assets出售無形資產的收益– 1,962Gain on disposal of interests in associates出售聯營公司權益的收益– 8,160Interest income on loan receivables應收貸款之利息收入– 298Gain or loss on disposal offixed assets固定資產清理損益(25) 298Others其他12719610210,6164. FINANCECOSTSThree months ended30 September截至九月三十日止三個月20222021二零二二年二零二一年HK$’000 HK$’000千港元千港元(Unaudited) (Unaudited)（未經審核） （未經審核）Interest on bank and other borrowings銀行及其他借貸利息3648Interest on lease liabilities租賃負債利息– 236502022/2023第一季度報告萬星控股有限公司09NOTESTOTHEUNAUDITEDCONDENSED CONSOLIDATEDFINANCIALINFORMATION未經審核簡明綜合財務資料附註5.除稅前溢利╱（虧損）本集團的除稅前溢利╱（虧損）乃經扣除下列各項後達致：6.所得稅開支根據開曼群島及英屬處女群島的規則及規例，本集團毋須就兩個期間繳納開曼群島及英屬處女群島任何所得稅。

香港利得稅乃就截至二零二二年九月三十日止期間的估計應課稅溢利按16.5%（二零二一年：16.5%）之稅率計提撥備。

由於本集團於兩個呈列期間均無應課稅溢利，因此並無計提香港利得稅撥備。

中國企業所得稅（「企業所得稅」）按25%（二零二一年：25%）之稅率計提撥備。

由於本集團於兩個期間均無呈列應按中國企業所得稅課稅之溢利，因此並無於簡明綜合財務報表內計提中國企業所得稅撥備。

5. PROFIT/(LOSS) BEFORETAXThe Group’s profit/(loss) before tax is arrived at after charging:Three months ended30 September截至九月三十日止三個月20222021二零二二年二零二一年HK$’000 HK$’000千港元千港元(Unaudited) (Unaudited)（未經審核） （未經審核）Amortisation of intangible assets無形資產攤銷– –Depreciation of property, plant and equipment物業、廠房及設備折舊3902,375Depreciation of right-of-use assets使用權資產折舊– 2186. INCOMETAXEXPENSEPursuant to the rules and regulations of the Cayman Islands and the BVI, the Group is not subject to any income tax in the Cayman Islands and the BVI for both of the periods.Hong Kong Profits Tax has been provided at a rate of 16.5% (2021: 16.5%) on the estimated assessable profit for the period ended 30 September 2022. No provision has been made for Hong Kong Profits Tax as the Group has no profits assessable to tax for both of the periods presented.PRC enterprise income tax (“EIT”) has been provided at a rate of 25% (2021: 25%). No provision for PRCEIT has been made in the condensed consolidated financial statements as the Group has no profit for both of the periods presented that are assessable to PRCEIT.MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202310NOTESTOTHEUNAUDITEDCONDENSED CONSOLIDATEDFINANCIALINFORMATION未經審核簡明綜合財務資料附註6.所得稅開支（續）根據國務院於二零一一年十一月二十九日頒佈的《財政部、國家稅務總局關於新疆喀什霍爾果斯兩個特殊經濟開發區企業所得稅優惠政策的通知》，倘公司企業於兩個特定地區於曆年二零一零年至二零二一年新近成立，且業務屬《新疆困難地區重點鼓勵發展產業企業所得稅優惠目錄》範圍，則公司企業可於實體開始產生收入的第一年起享有5年免稅優惠。

本公司附屬公司霍爾果斯思凡信息科技有限公司、霍爾果斯香蕉超人信息科技有限公司及霍爾果斯東潤網絡科技有限公司於二零一七年獲新疆維吾爾自治區國稅局批准後，自曆年二零一七年至二零二一年期間獲豁免繳納所得稅。

6. INCOMETAXEXPENSE (Continued)Pursuant to the Notice of the Ministry of Finance and the State Administration of Taxation on Enterprise Income Tax Policies for Xinjiang Uygur Autonomous Region and Xinjiang Kashgar Autonomous Region (《財政部、國家稅務總局關於新疆喀什霍爾果斯兩個特殊經濟開發區企業所得稅優惠政策的通知》) promulgated by the State Council on 29 November 2011, if a corporate enterprise is newly established within calendar years 2010 to 2021 in two specific regions with business fallen in the scope of the Catalogue of Preferred Enterprise Income Tax for Key Encouraged Industries in Poor Areas of Xinjiang (《新疆困難地區重點鼓勵發展產業企業所得稅優惠目錄》), the corporate enterprise can enjoy a preferential treatment of 5-year exemption from the first year when the entity begins to generate revenue. The Company’s subsidiaries,霍爾果斯思凡信息科技有限公司(Horgos Sifan Information Technology Limited), 霍爾果斯香蕉超人信息科技有限公司(Horgos Xiangjiao Chaoren Information Technology Limited) and霍爾果斯東潤網絡科技有限公司(Horgos Dongrun Network Technology Limited), are exempted from income tax from calendar years 2017 to 2021 upon approval by the State Taxat ion Bureau of the X in j iang Uygur Autonomous Region in 2017.2022/2023第一季度報告萬星控股有限公司11NOTESTOTHEUNAUDITEDCONDENSED CONSOLIDATEDFINANCIALINFORMATION未經審核簡明綜合財務資料附註7.每股盈利╱（虧損）每股基本盈利╱（虧損）乃根據下列數據計算：由於本公司於截至二零二二年九月三十日及二零二一年九月三十日止兩個期間並無任何已發行潛在普通股，故於兩個期間並無呈列每股攤薄盈利╱（虧損）。

8.股息董事會不建議就截至二零二二年九月三十日止三個月派付股息（二零二一年：無）。

7. EARNINGS/(LOSS) PERSHAREThe calculation of the basic earnings/(loss) per share is based on the following data:Three months ended30 September截至九月三十日止三個月20222021二零二二年二零二一年HK$’000 HK$’000千港元千港元Profit/(Loss) for the purpose of calculating basic earnings/(loss)per share用於計算每股基本盈利╱（虧損）之溢利╱（虧損）Profit/(Loss) for the three months periods attributable to owners of the Company本公司擁有人應佔三個月期間溢利╱（虧損） (6,924) 4,97720222021二零二二年二零二一年’000 ’000千股千股Weighted average number of ordinary shares for the purpose of basic earnings/(loss) per share用於計算每股基本盈利╱（虧損）之普通股加權平均數483,900467,600No diluted earnings/(loss) per share for both of the periods ended 30 September 2022 and 30 September 2021 were presented as there were no potential ordinary shares in issue for both of the periods.8. DIVIDENDThe Board does not recommend the payment of a d iv idend for the three months ended 30 September 2022 (2021: nil).MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202312MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析COMPANYPROFILEThe Group is an conglomerate, which was principally engaged in the internet advertising agency services, the b u i l d - u p a n d o p e r a t i o n o f a d i g i t a l i z a t i o n empowerment platform, and the digital assets business during the year.BUSINESSREVIEWThe Group and its subsidiaries are principally engaged in the internet advertising agency services, which included the provision of various services for customers, such as game promotion, big data support, integrated marketing solutions and localization support. During the second half of 2021, the Group expanded its overseas cryptocurrency business with the support of its team with expertise in the field of digital assets bus iness . In March 2022, in response to the government policies in Mainland China, the Group made t imely investment in the research and development and bui ld-up of a d ig i ta l izat ion empowerment platform, and upgraded the internet adver t i s ing empowerment sys tem to prov ide government and enterprises with various services such as personalized advertising, creation and management of product sales channels, and customer loyalty enhancement.Internet Advertising Agency ServicesMillion Stars Internet Media Limited (“MSIM”), a wholly-owned subsidiary of the Group, develops overseas internet advertising market. Through global mainstream online platforms, including Facebook and Google, MSIM provides customers with global advertising placement services, including the provision of game promotion, big data support, integrated marketing solutions, localization support and stable account services for its customers. Seizing the opportunity arising from the rapid development of the Internet, the Group will continue to step up investments in the internet advertising business in a bid to increase the streams of revenue from the Internet.公司簡介本集團為一間綜合集團，於年內主要從事互聯網廣告代理服務、數字化產業賦能平台的建設與運營，以及數字資產業務。

業務回顧本集團及附屬公司主要從事互聯網廣告代理服務，包括為客戶提供遊戲推廣、大數據支援、整合營銷方案、當地語系化支持等服務。

二零二一年下半年，集團依託自身在數字資產業務領域擁有專業知識的團隊，拓展海外加密貨幣業務。

二零二二年三月，為響應中國大陸政府政策，集團適時投入數字化產業賦能平台的研發與建設，升級互聯網廣告賦能系統為政府和企業提供個性化廣告賦能、產品銷售渠道建設與管理、增強客戶粘性等服務。

互聯網廣告代理服務本集團全資附屬公司萬星網絡傳媒有限公司（「萬星網絡」）發展海外互聯網廣告市場，萬星網絡通過全球主流網絡平台Facebook、Google等為其客戶提供覆蓋全球的廣告投放服務，包括為其客戶提供遊戲推廣、大數據支援、整合營銷方案、當地語系化支持、穩定賬號等服務。

本集團繼續抓住互聯網飛速發展的機會，調整對互聯網廣告業務的投資力度，努力拓展互聯網收入來源。

2022/2023第一季度報告萬星控股有限公司13MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析數字資產業務公司在數字資產業務領域擁有專業的管理層及團隊，具備對加密貨幣礦機設備的構造、質量、運營等的專業運營和專業知識，掌握市場供求信息。

公司管理層密切關注加密貨幣價格的走勢及波動，並考慮競爭者的情況制定合理且有競爭力的價格。

數字化產業賦能平台在海外互聯網廣告代理業務基礎上，本集團為拓展中國大陸廣告市場，適時推出數字化產業賦能系統，該系統包括線上和線下功能，其中自帶產品銷售功能的智能廣告設備「萬星促銷機」為一重大突破。

「萬星促銷機」可裝置於室內或室外，並對接了各種支付系統，方便顧客以手機支付，產品自推出後深受市場歡迎。

Digital Assets BusinessThe Company has access to the information on the market supply and demand as it has professional management members and teams in the field of digital assets business with professional knowledge in the structure, quality and operation of cryptocurrency mining hardware. The management of the Company closely monitors the movement and volatility of the prices of cryptocurrencies to set reasonable and competitive prices taking into consideration the status of the competitors.Digitalization Empowerment PlatformFol lowing the rol lout of the overseas internet advertising agency services, the Group timely launched the digitalization empowerment system to tap the advertising market in mainland China. The system incorporates online and offline functions. In particular, “Million Stars Promotion Machine” (萬星促銷機), an intelligent advertising device that comes with a product vending function, was a major breakthrough.“Million Stars Promotion Machine” can be installed indoors or outdoors, and is connected to various payment systems for customers’ convenience to pay on mobile phones. The product has been well received by the market since launch.MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202314MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析展望本集團經營之互聯網廣告代理服務業務將繼續穩步發展，由二零二一下半年開始，業務重心逐步由互聯網廣告代理服務拓展至數字資產業務領域。

數字資產領域未來的發展空間及潛力較大，集團將利用目前的競爭優勢，依託專業的技術、運營、市場團隊，繼續增加全球超算中心的投資建設，搭建算力生態體系，為全球客戶提供超算服務器的專業託管以及雲算力租售與雲存儲服務。

未來集團除繼續投入加密貨幣服務器的採購以外，將努力拓展超算服務器的全球貿易與管道。

集團及附屬全資公司亦致力尋找新的商機，二零二二年三月，本集團成功抓住了中國大陸新農村，新零售、新消費等的機遇，開拓數字化產業賦能平台，新增業務包括：線下移動設備廣告、帶自動售貨功能的智能終端廣告、線下螢幕廣告、O2O平台廣告、APP廣告。

我們會通過以上廣告與銷售業務，服務更多的企業和政府單位，為公司帶來收益。

OUTLOOKThe Internet advertising agency services undertaken by the Group will continue to grow steadily. Since the second half of 2021, the Group’s business focus has gradually expanded from the internet advertising agency services to the field of digital assets business. As the digital asset business holds promising prospect and potential for future development, the Group will continue to ramp up the investment and construction of a global supercomputing centre, and build up a computing ecosystem to provide customers around the world with the professional hosting of supercomputing servers, as well as cloud computing lease, sale and cloud storage services by leveraging its current competitive advantages as well as its professional technology, operation, and marketing teams. In addition to continuing to invest in the procurement of cryptocurrency servers in future, the Group will endeavour to expand the global trading and channeling of supercomputing servers. The Group and its wholly- owned subsidiaries will also continue to look for new business opportunities. In March 2022, the Group successfully seized the opportunities arising from the new rural areas as well as new retail and new consumption patterns in Mainland China by expanding the digitalization empowerment platform to cover new businesses including offline mobile advertising, smart advertising terminals with auto-vending function, offline on-screen advertising, O2O platform advertising and in-app advertising. We will serve more enterprises and government authorities with the above advertising and sales services to create profits for the Company.2022/2023第一季度報告萬星控股有限公司15MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析盈利預警受中國大陸新冠疫情反覆以及數字資產政策變化的影響，本集團海外互聯網廣告業務收入大幅下降及數字資產業務暫無錄得收入。

本集團中國大陸線上線下廣告渠道的建設和多功能廣告設備的專案建設尚處於投入期，尚未產生收入。

應對措施結合了數字化產業賦能平台的廣告營銷系統自二零二二年十一月開始已產生穩定的營業收入且呈快速發展趨勢，該業務由本集團全資附屬公司雋景商業管理（浙江）有限公司全面開展（簡稱雋景商業）。

雋景商業與浙江東日農業發展有限公司（浙江東日股份有限公司(在上海證券交易所上市，股票代碼600113.SH)的子公司）、山西省吉縣人民政府共同成立了項目公司山西吉美農控（集團）有限公司。

該公司主營業務為建設與運營數字化賦能農產業的平台，專門為吉縣農產品的廣告宣傳與銷售服務，是雋景商業的示範項目。

同時在浙江省杭州市、溫州市、衢州市陸續投放帶產品銷售功能的廣告設備。

其中「萬星促銷機」除新鮮蔬果外，亦會拓展至其他產品如零食和飲料，並積極增加網點，便利消費者，亦有望為集團帶來可持續收入。

PROFITWARNINGHit by the twists and turns of the COVID-19 pandemic in mainland China and changes in digital asset policies, the Group’s revenue from overseas internet advertising fell significantly and no revenue was recorded from the digital assets business. Since the Group was still investing in the establishment of online and offline advertising channels in mainland China and in the project involving the construction of multi-functional advertising equipment, no revenue was generated yet.Mitigation MeasuresIntegrated with the digitalization empowered platform, the advertising & marketing system has generated stable operating income since November 2022 and tended to grow rapidly. This business is fully operated by Junjing Business Management (Zhejiang) Co., Ltd. (雋景商業管理（浙江）有限公司) (“Junjing Business”), a wholly-owned subsidiary of the Group. Junjing Business, together with Zhejiang Dongri Agricultural Development Co., Ltd. (浙江東日農業發展有限公司), a subsidiary of Zhejiang Dongri Co., Ltd. (浙江東日股份有限公司) (listed on the Shanghai Stock Exchange, stock code: 600113.SH), and the People’s Government of Jixian County, Shanxi Province jointly establish a project company, Shanxi Jimei Agricultural Holding (Group) Co., Ltd. (山西吉美農控（集團）有限公司). The company is principally engaged in the build-up and operation of a platform for the digitally-empowered agricultural industry and in the provision of services for the advertising and sales of agricultural products for Jixian County, and is a demonstrative project of Junjing Business. It has successively set up advertising equipment with sales function in Hangzhou, Wenzhou and Quzhou, Zhejiang Province. In particular, “Million Stars Promotion Machine” will market other products such as snacks and beverages, in addition fresh fruits and vegetables, and will be made available in more outlets for consumers’ convenience, hopefully to generate sustainable income for the Group.MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202316MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析數字資產業務因香港陸續推出的利好政策出現巨大轉機，本集團將與香港企業成立「萬星超算有限公司」，專門經營新增數字資產業務。

本集團將繼續積極尋求潛在業務機遇，拓展新的客戶、業務與收入來源，以期為股東帶來更高回報。

財務回顧概覽本公司權益持有人於截至二零二二年九月三十日止三個月應佔期內虧損約為6.9百萬港元，較截至二零二一年九月三十日止三個月的溢利4.98百萬港元減少約238.6%。

收入本集團的收入主要指提供互聯網服務所產生的收入和數字資產業務所產生的收入。

受新冠疫情各地防疫政策的影響，以及國內外經濟環境影響，本集團於截至二零二二年九月三十日止三個月產生互聯網服務收入4.5萬港元。

銷售成本銷售成本主要指提供互聯網服務業務所產生的成本。

本集團於截至二零二二年九月三十日止三個月，銷售成本為2.4萬港元。

The digital assets business has seen a huge turnaround as a result of the introduction of an array of favorable policies in Hong Kong. The Group will establish Million Stars Supercomputing Co., Ltd. (萬星超算有限公司) with a Hong Kong enterprise to specifically operate the newly established digital assets business.The Group will continue to look for more potential business opportunities, and explore new customers, businesses and sources of revenue in a bid to deliver better returns to the shareholders.FINANCIALREVIEWOverviewLoss for the period attributable to equity holders of the Company for the three months ended 30 September 2022 amounted to approximately HK$6.9 million, decreased by approximately 238.6% compared with profit of HK$4.98 million for the three months ended 30 September 2021.RevenueThe Group’s revenue principally represented income derived from provision of internet services and income derived from the digital assets business.Affected by the anti-pandemic policies of local governments and the economy environment at home and abroad, the Group generated revenue of HK$45,000 from internet services during the three months ended 30 September 2022.Cost of SalesCost of sales mainly represents costs incurred for the provision of internet services.The Group’s cost of sales was HK$24,000 for the three months ended 30 September 2022.2022/2023第一季度報告萬星控股有限公司17MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析其他收入、收益及虧損淨額於期內，其他收入、收益及虧損淨額主要指與我們業務相關的雜項收入，主要包括利息收入、匯兌收益及固定資產清理損益。

截至二零二二年九月三十日止三個月，其他收入、收益及虧損淨額為淨收益約0.1百萬港元，而截至二零二一年九月三十日止三個月則為淨收益約10.6百萬港元。

銷售及分銷開支銷售及分銷開支主要包括薪金開支及營銷開支。

截至二零二二年九月三十日止三個月的銷售及分銷開支約為5萬港元（二零二一年：10萬港元）。

銷售及分銷開支減少乃主要由於期內業務收入降低所致。

行政開支行政開支主要包括薪金開支、租金及差餉以及其他辦公室行政開支。

行政開支由截至二零二一年九月三十日止三個月約7.5百萬港元減少至截至二零二二年九月三十日止三個月約7.0百萬港元，降幅約為6.7%。

行政開支的減少主要由於與數字資產業務有關的機器及設備折舊費減少及人員減少導致。

Other Income, Gains and Losses, netDuring the period, other income, gains and losses, net mainly represents sundry income incidental to our business, principally including interest income, gain on foreign exchange and gain or loss on disposal of fixed assets.Other income, gains and losses, net amounted to net gains of approximately HK$0.1 million for the three months ended 30 September 2022 compared with net gains of approximately HK$10.6 million for the three months ended 30 September 2021.Selling and Distribution ExpensesSelling and distribution expenses comprised mainly payroll expenses and marketing expenses. The selling and distribution expenses for the three months ended 30 September 2022 were approximately HK$50,000 (2021: HK$100,000). The decrease in selling and distribution expenses was mainly due to the decrease in business income during the period.Administrative ExpensesAdministrative expenses comprised mainly payroll expenses, rent and rates and other office administrative expenses. Administrative expenses were decreased from approximately HK$7.5 million for the three months ended 30 September 2021 to approximately HK$7.0 million for the three months ended 30 September 2022, representing a decrease of approximately 6.7%.The decrease in administrative expenses was mainly due to decrease in depreciation charges of machineries and equipment in connection with digital assets business and decrease in the number of staff.MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202318MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析稅項所得稅指本公司香港附屬公司按16.5%的稅率繳納之香港利得稅及本公司中國附屬公司按25%的稅率繳納的中國企業所得稅。

本公司多間附屬公司註冊於霍爾果斯市經濟開發區，主營業務屬於當地政府重點鼓勵發展的產業，享受五年內免徵企業所得稅的稅收優惠政策。

期內溢利╱（虧損）本集團於截至二零二二年九月三十日止三個月及截至二零二一年九月三十日止三個月分別錄得期內虧損約6.9百萬港元及溢利4.98百萬港元。

期內虧損主要由於集團於報告期內營業收入降低所致。

財務狀況、流動資金及財務資源本集團採取審慎的現金及財務管理政策。

為求能夠更好地控制成本及盡量降低資金成本，本集團的財資活動均為集中管理，而現金一般會存放於香港和中國內地的銀行。

於回顧期間內，本集團維持穩健的財務資源水平。

於二零二二年九月三十日，計入流動資產淨值的現金及銀行結餘（包括已抵押銀行存款）總額約為1.0百萬港元（二零二二年六月三十日：19.5百萬港元），有關減少乃主要由於部分項目前期投入所致。

TaxationIncome tax represents Hong Kong Profits Tax at 16.5% for the Company’s subsidiaries in Hong Kong and the PRCCorporate Income Tax at 25% for the Company’s subsidiaries in the PRC. Some subsidiaries of the Company, which are incorporated in the Horgos Economic Development Zone and engaged in industries particularly encouraged by the local government, are entitled to a preferential tax treatment of five years exemption from enterprise income tax.Profit/(Loss) for the PeriodThe Group recorded a loss for the per iod of approximately HK$6.9 million and a profit of HK$4.98 million for the three months ended 30 September 2022 and for the three months ended 30 September 2021, respectively. The loss for the period was mainly due to the decrease in the operating income of the Group during the Reporting Period.Financial Position, Liquidity and Financial ResourcesThe Group adopts a prudent cash and financial management policy. In order to achieve better cost control and minimise the cost of funds, the Group’s treasury activities are centralised and cash is generally deposited with banks in Hong Kong and the Mainland China.The Group has maintained its funds at a sound and healthy financial resource level during the period under review. As at 30 September 2022, included in net current assets were cash and bank balances (including pledged bank deposits) totally approximately HK$1.0 million (30 June 2022: HK$19.5 million), the decrease was mainly due to the initial investments of some projects.2022/2023第一季度報告萬星控股有限公司19MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析於二零二二年九月三十日，本集團的尚未償還借貸9.3百萬港元（二零二二年六月三十日：9.3百萬港元）主要以美元及港元計值，並以浮動利率計息及固定利率計息。

本集團採用資本負債比率（按本集團債務總額除以本集團權益總額計算）監控資本。

於二零二二年九月三十日，本集團的債務總額對權益比率（按計息借貸除以權益總額計算）約為8.6%（二零二二年六月三十日：8%）。

於二零二二年九月三十日及二零二二年六月三十日，本集團的借貸需求無季節性，本集團亦無承擔借貸融資。

本公司隨着後期營運收入的增加及營運資金的流入，可以確保集團下一年度的發展。

財務管理政策本集團於其一般業務過程中面臨外幣風險及利率風險等市場風險。

本集團的風險管理政策旨在將該等風險對其財務表現的不利影響降至最低。

現金一般存放於香港及中國內地之銀行且大部分以港元、美元及人民幣計值。

於二零二二年九月三十日，本集團概無作出相關對沖（二零二二年六月三十日：無）。

截至二零二二年九月三十日止三個月，由於本集團的大部分買賣交易、貨幣資產及負債以美元、人民幣及港元計值，故外匯風險對本集團所構成之影響甚微，對日常營運亦無任何重大不利影響。

The Group’s outstanding borrowings as at 30 September 2022 amounting to HK$9.3 million (30 June 2022: HK$9.3 million) were principally denominated in United States dollar and HK$ and carried at floating interest rate and fixed interest rates. The Group monitored capital using gearing ratio, which is total debt of the Group divided by total equity of the Group. Total debt to equity ratio of the Group expressed as a percentage of interest bearing borrowings over the total equity was approximately 8.6% as at 30 September 2022 (30 June 2022: 8%).As at 30 September 2022 and 30 June 2022, there was no seasona l i t y as to the Group’s bor rowing requirements and no committed borrowing facilities.The Company can ensure the development of the Group in the coming year with subsequent increase in operating income and the inflow of working capital.Financial Management PoliciesThe Group in its ordinary course of business is exposed to market risks such as foreign currency risk and interest rate risk. The Group’s risk management strategy aims to minimise the adverse effects of these risks on its financial performance.Cash is generally deposited at banks in Hong Kong and Mainland China and denominated mostly in HK$, U n i t e d S t a t e s d o l l a r a n d R e n m i n b i . A s a t 30 September 2022, no related hedges were made by the Group (30 June 2022: nil).As most of the Group’s trading transactions, monetary assets and liabilities are denominated in United States dollar, Renminbi and HK$, the impact of foreign exchange exposure to the Group during the three months ended 30 September 2022 was minimal and there was no significant adverse effect on normal operations.MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202320MANAGEMENTDISCUSSIONANDANALYSIS管理層討論及分析本集團之資產質押於二零二二年九月三十日，本集團概無已抵押銀行存款擔保本集團之銀行融資（二零二二年六月三十日：無）。

資本承擔及或然負債於二零二二年九月三十日，本集團並無任何重大資本承擔（二零二二年六月三十日：無）及並無任何重大或然負債（二零二二年六月三十日：無）。

重大收購及出售事項截至二零二二年九月三十日止三個月，本集團並無任何重大收購及出售事項。

Charge Over Assets of the GroupAs at 30 September 2022, there are no pledged bank deposits of the Group to support the Group’s banking facilities (30 June 2022: nil).Capital Commitments and Contingent LiabilitiesAs at 30 September 2022, the Group did not have any significant capital commitment (30 June 2022: nil) and any significant contingent liability (30 June 2022: nil).MATERIALACQUISITIONANDDISPOSALDuring the three months ended 30 September 2022, the Group did not have any material acquisition and disposal.2022/2023第一季度報告萬星控股有限公司21OTHERINFORMATION其他資料DIRECTORS’ ANDCHIEFEXECUTIVE’S INTERESTSANDSHORTPOSITIONSIN SHARES, UNDERLYINGSHARESAND DEBENTURESAs at 30 September 2022, the interests and short positions of the Directors and chief executive in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (“SFO”)) which were notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short positions which they were taken or deemed to have under such provisions of the SFO), or which were recorded in the register required to be kept by the Company under Section 352 of the SFO, or which were, pursuant to Rules 5.46 to 5.67 of the GEMListing Rules, required to be notified to the Company and the Stock Exchange, were as follows:Interests in Shares of the CompanyName of Director CapacityInterests inSharesApproximatePercentage ofIssued ShareCapital ofthe Company Note董事姓名身份於股份之權益佔本公司已發行股本的概約百分比附註Mr. Zhu Yongjun Beneficial owner 38,398,786 (L) 7.87%朱勇軍先生實益擁有人Mr. Gan Xiaohua Beneficial owner 8,005,000 (L) 1.64%甘曉華先生實益擁有人Note:1. As at 30 September 2022, the Company had 488,000,000 shares in issue.Abbreviation: “L” stands for long position.董事及主要行政人員於股份、相關股份及債券中的權益及淡倉於二零二二年九月三十日，董事及主要行政人員於本公司或其任何相聯法團（定義見香港法例第571章證券及期貨條例（「證券及期貨條例」）第XV部）的股份、相關股份及債券中，擁有須根據證券及期貨條例第XV部第7及8分部知會本公司及聯交所的權益及淡倉（包括彼等根據證券及期貨條例的該等條文被當作或視作擁有的權益或淡倉），或登記於本公司根據證券及期貨條例第352條須予存置之登記冊內的權益及淡倉，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及淡倉如下：於本公司股份的權益附註：1.於二零二二年九月三十日，本公司有488,000,000股已發行股份。

縮寫：「L」為好倉。

MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202322OTHERINFORMATION其他資料主要股東的權益及淡倉於二零二二年九月三十日，就本公司董事所知，除本公司董事或主要行政人員外，下列人士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分部之條文須向本公司及聯交所披露或登記於本公司根據證券及期貨條例第336條須予存置之登記冊內的權益或淡倉：INTERESTSANDSHORTPOSITIONSOF SUBSTANTIALSHAREHOLDERSAs at 30 September 2022, so far as is known to the Directors of the Company, persons (other than the Directors or chief executive of the Company) who had interests or short positions in the Shares or underlying Shares of the Company which would fall to be disclosed to the Company and the Stock Exchange under the provisions of Divisions 2 and 3 of Part XV of the SFO, or which were recorded in the register required to be kept by the Company under Section 336 of the SFO were as follows:Name of Shareholders CapacityInterests inSharesApproximatePercentage ofIssued ShareCapital ofthe Company Note股東名稱身份於股份之權益佔本公司已發行股本的概約百分比附註7Road Holdings Limited Beneficial owner 54,000,000 (L) 11.07%第七大道控股有限公司實益擁有人United Conquer Limited (“UCL”) Beneficial owner 22,497,169 (L) 4.61% 2United Conquer Limited （「UCL」）實益擁有人Shanghai Hutong Investments Centre (Limited Partnership)* (“SHIC”)Beneficial owner 50,000,000 (L) 10.25% 2實益擁有人Interest of controlled corporation 22,497,169 (L) 4.61% 2上海胡桐投資中心（有限合夥） （「上海胡桐」）受控法團權益BOC-HFT-BOC-OverseasNo.1 QDIISegregated Account(“BOCAccount”)Investment manager 50,000,000 (L) 10.25% 3海富通—中國銀行海外1號QDII資產管理計劃（「中銀管理計劃」）投資經理Shanghai Angell Asset ManagementCompany Limited* (“Shanghai Angell”)Interest of controlled corporation 72,497,169 (L) 14.86% 4上海昂巨資產管理有限公司（「上海昂巨」）受控法團權益Jilin Province Investment Group Interest of controlled corporation 72,497,169 (L) 14.86% 5吉林省投資集團受控法團權益Yao Ligang Interest of controlled corporation 72,497,169 (L) 14.86% 6姚立剛受控法團權益Jiang Peijie Beneficial Owner 29,150,000 (L) 5.97%蔣培潔實益擁有人Wang Fei Beneficial Owner 40,000,000 (L) 8.20%王菲實益擁有人Jia Heng Tai Feng Co., Limited Beneficial Owner 52,000,000 (L) 10.66%嘉恒泰豐有限公司實益擁有人Wu Zhongyi Interest of controlled corporation 52,000,000 (L) 10.66%鄔中一受控法團權益2022/2023第一季度報告萬星控股有限公司23OTHERINFORMATION其他資料Notes:1. As at 30 September 2022, the Company had 488,000,000 Shares in issue.2. SHIC’s deemed shareholdings stated above were held by virtue of its 100% shareholding interests in UCL.3. BOCAccount’s deemed shareholdings stated above were held as a trustee of a discretionary trust of which SHIC was the founder.4. Shanghai Angell’s deemed shareholdings stated above were held by virtue of its 1% capital commitment in SHIC’s contribution through general partnership.5. Jilin Province Investment Group’s deemed shareholdings stated above were held by virtue of its 37.03% capital commitment in SHIC’s contribution through limited partnership.6. Yao Ligang’s deemed shareholdings stated above were held by virtue of its 43.20% capital commitment in SHIC’s contribution through limited partnership.Abbreviation: “L“ stands for long position* for identification purpose onlyDIRECTORS’ ANDCONTROLLING SHAREHOLDERS’ INTERESTSIN COMPETINGBUSINESSDuring the three months ended 30 September 2022, the Directors are not aware of any business or interest of the Directors or the controlling shareholders of the Company that competes or may compete with the business of the Group and any other conflicts of interest which any such person has or may have with Group.PURCHASE, SALEORREDEMPTIONOFTHE COMPANY’SLISTEDSECURITIESDuring the three months ended 30 September 2022, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company’s listed securities.附註：1.於二零二二年九月三十日，本公司有488,000,000股已發行股份。

2.上述上海胡桐之視為股權乃透過其於UCL之100%股權持有。

3.上述中銀管理計劃之視為股權乃持作全權信託受託人，而上海胡桐為該全權信託創始人。

4.上述上海昂巨之視為股權乃根據其透過普通合夥關係於上海胡桐供款之1%資本承擔持有。

5.上述吉林省投資集團之視為股權乃根據其透過有限合夥關係於上海胡桐供款之37.03%資本承擔持有。

6.上述姚立剛之視為股權乃根據其透過有限合夥關係於上海胡桐供款之43.20%資本承擔持有。

縮寫：「L」為好倉*僅供識別董事及控股股東於競爭業務之權益截至二零二二年九月三十日止三個月，董事並無知悉董事或本公司控股股東擁有與本集團業務構成競爭或可能構成競爭之任何業務或權益，亦不知悉任何有關人士與或可能與本集團存在任何其他利益衝突。

購買、出售或贖回本公司的上市證券於截至二零二二年九月三十日止三個月，本公司及其任何附屬公司概無購買、出售或贖回本公司的任何上市證券。

MILLIONSTARSHOLDINGSLIMITED FIRSTQUARTERLYREPORT 2022/202324OTHERINFORMATION其他資料進行證券交易的標準守則本公司已就董事進行證券交易及買賣採納一套行為守則（「行為守則」），其條款嚴格程度不遜於GEM上市規則第5.48條至第5.67條所載規定標準（「標準守則」）。

截至二零二二年九月三十日止三個月期間，本公司已向全體董事就彼等是否已遵守標準守則及行為守則所載規定標準作出具體查詢。

除甘曉華先生外，全體董事已確認，彼等於截至二零二二年九月三十日止三個月期間內一直遵守標準守則及行為守則所載規定標準。

審核委員會及財務業績之審閱本公司審核委員會（「審核委員會」）已根據GEM上市規則成立，由陳策先生（審核委員會主席）、朱敏麗女士及江穎女士組成，彼等均為獨立非執行董事於向董事會作出建議以供批准前，審核委員會已與管理層審閱本季度業績報告（包括本集團截至二零二二年九月三十日止三個月之未經審核綜合業績）。

本集團截至二零二二年九月三十日止三個月之綜合業績尚未經本公司核數師審核。

承董事會命萬星控股有限公司主席兼行政總裁朱勇軍香港，二零二二年十一月十一日於本報告日期，董事會包括：執行董事朱勇軍先生、甘曉華先生及田園女士；及獨立非執行董事陳策先生、江穎女士及朱敏麗女士。

MODELCODEFORSECURITIES TRANSACTIONSThe Company has adopted a code of conduct for securities transactions and dealing (the “Code of Conduct”) by Directors on terms no less exacting than the required standards set out in Rules 5.48 to 5.67 of the GEMListing Rules (the “Model Code”). The Company has made specific enquiry of all Directors as to whether they have complied with the required standards set out in the Model Code and the Code of Conduct during the three months period ended 30 September 2022.All the Directors except Mr. Gan Xiaohua have confirmed that they have complied with the required standards set out in the Model Code and the Code of Conduct throughout the three months period ended 30 September 2022.AUDITCOMMITTEEANDREVIEWOF FINANCIALRESULTSThe audit committee of the Company (“Audit Committee”) has been established in accordance with the GEMListing Rules and comprises Mr. Chen Ce (chairman of the Audit Committee), Ms. Zhu Minli and Ms. J iang Ying, a l l of them are independent non-executive Directors.The Audi t Committee has rev iewed with the management this quarterly results report, including the unaudited consolidated results of the Group for the three months ended 30 September 2022, prior to recommending them to the Board for approval.The consolidated results of the Group for the three months ended 30 September 2022 have not been audited by the auditors of the Company.By Order of the BoardMillion Stars Holdings LimitedZhu YongjunChairman and Chief Executive OfficerHong Kong,11 November 2022As at the date hereof, the Board comprises Mr. Zhu Yongjun, Mr. Gan Xiaohua and Ms. Tian Yuan as executive Directors; and Mr. Chen Ce, Ms. Jiang Ying and Ms. Zhu Minli as independent non-executive Directors.