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CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONGKONG LIMITED (THE “STOCK EXCHANGE”) GEM has been positioned as a market designed to accommodate small and mid-sizedcompanies to which a higher investment risk may be attached than other companies listedon the Stock Exchange. Prospective investors should be aware of the potential risks ofinvesting in such companies and should make the decision to invest only after due andcareful 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 marketvolatility than securities traded on the Main Board and no assurance is given that there willbe a liquid market in the securities traded on GEM. GEM GEM GEMGEMGEM Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for thecontents of this report, make no representation as to its accuracy or completeness and expresslydisclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole orany part of the contents of this report. This report, for which the directors (the “Directors”) of Quantum Thinking Limited (the “Company”)collectively and individually accept full responsibility, includes particulars given in compliance with theRules 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 allreasonable enquiries, confirm that to the best of their knowledge and belief the information containedin this report is accurate and complete in all material respects and not misleading or deceptive, andthere are no other matters the omission of which would make any statement herein or this reportmisleading. GEMGEM The board (the “Board”) of Directors hereby presents theunaudited consolidated results of the Company and itssubsidiaries (collectively referred to as the “Group”) for thethree months ended 30 June 2023 (the “ReportingPeriod”) together with the unaudited comparative figuresfor the corresponding period in 2022 (the “CorrespondingPeriod” or “2022”) as follows: Condensed Consolidated Statement of Profit or Lossand Other Comprehensive Income (Unaudited) For the three months ended 30 June 2023 Condensed Consolidated Statement of Profit or Lossand Other Comprehensive Income (Unaudited)(Continued) For the three months ended 30 June 2023 Condensed Consolidated Statement of Changes in Equity For the three months ended 30 June 2023 Notes: 1. 1.GENERAL INFORMATION CricketSquare, Hutchins Drive, P.O.Box 2681, Grand CaymanKY1-1111, Cayman Islands151131308 Quantum Thinking Limited (the “Company”) wasincorporated in the Cayman Islands on 8 May 2000as an exempted company with limited liability underthe Companies Law of the Cayman Islands. TheCompany’s registered office is situated at CricketSquare, Hutchins Drive, P.O. Box 2681, GrandC a y m a nK Y 1 - 1 1 1 1 ,C a y m a n I s l a n d s .T h eCompany’s principal place of business is situated atUnit 1308, 13/F, Capital Centre, 151 GloucesterRoad, Wan Chai, Hong Kong. The Company’s shares are listed on GEM of TheStock Exchange of Hong Kong Limited (the “StockExchange”). The Company and its subsidiaries(collectively referred to as the “Group”) are principallyengaged in the provision of system developments e r v i c e sa n d o t h e r v a l u e - a d d e d t e c h n i c a lconsultation services and trading of hardwareproducts. GEM HappyOn Holdings Limited In the opinion of the directors of the Company, theparent and ultimate holding company of theCompany is Happy On Holdings Limited, which wasincorporated in the British Virgin Islands. 2. 2.BASIS OF PREPARATION The unaudited condensed consolidated financialinformation of the Group for the three months ended30 June 2023 (the “Condensed Financial Report”)has been prepared in accordance with Hong KongFinancial Reporting Standards (“HKFRSs”) issuedby the Hong Kong Institute of Certified PublicA c c o u n t a n t s a n d t h e a p p l i c a b l e d i s c l o s u r erequirements of the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange. GEM 2. 2.BASIS OF PREPARATION (Continued) The Condensed Financial Report should be read inconjunction with the annual financial statements ofthe Company for the year ended 31 March 2023 (the“2023 Annual Financial Statements”). Theprincipal accounting policies used in the CondensedFinancial Report are consistent with those adoptedin the 2023 Annual Financial Statements, except forthe adoption of the new or amended HKFRSs whichare relevant to and effective for the Group’s financialstatements for the annual period beginning on 1 April2023. The adoption of the new and revised HKFRSs hashad no significant effect on these unauditedcondensed consolidated financial statements for thethree months ended 30 June 2023 and there havebeen no significant changes to the accoun