COST OF REVENUE

12 Months Ended

Mar. 31, 2026

Breakdown of cost of revenue

Schedule of cost of revenue
	For the years ended March 31,
	2024		2025		2026
	HK$’000		HK$’000		HK$’000
Security related service and asset management income¹		2,585		1,947		1,509
Trading of timepieces – third parties		12,493		31,887		39,946
Trading of timepieces – related parties (Note 17(b))		-		-		4,507

		15,078		33,834		45,962

¹ For the years ended March 31, 2024, 2025 and 2026, included in the costs of security related service and asset management are mainly the direct labor costs with aggregate carrying amount of HK$2,477,000, HK$1,791,000 and HK$1,432,000, director salary of HK$20,000, HK$nil and HK$nil as well as security handling cost of HK$88,000, HK$156,000 and HK$77,000, respectively.