Financial Performance - For the fiscal year ending June 30, 2023, the company reported a loss attributable to shareholders of approximately HKD 10.8 million, equating to a loss per share of HKD 0.56[17]. - The company's revenue for the same period was HKD 98.375 million, showing an increase from HKD 60.352 million in the previous year[9]. - The total comprehensive loss attributable to shareholders for the fiscal year was approximately HKD 39.3 million, compared to HKD 16.5 million in the prior year[17]. - The company reported a net asset value of HKD 1,114.888 million for the fiscal year ending June 30, 2023, down from HKD 1,145.710 million the previous year[10]. - The group's revenue for the year ended June 30, 2023, was approximately HKD 98.4 million, an increase of about 62.9% compared to approximately HKD 60.4 million for the year ended June 30, 2022[18]. - Interest income for the year ended June 30, 2023, was approximately HKD 50.5 million, compared to approximately HKD 28.0 million for the year ended June 30, 2022, representing an increase of approximately HKD 22.5 million[23]. - The total amount of receivables as of June 30, 2023, was approximately HKD 304.4 million, an increase of approximately HKD 121.5 million from approximately HKD 182.9 million as of June 30, 2022, due to a significant increase in the number of customers[23]. - The total amount of mortgage loans is approximately HKD 949 million, provided to 20 customers, accounting for about 31.2% of the total loan portfolio as of June 30, 2023[116]. - The total amount of personal loans is approximately HKD 2,095 million, provided to 933 customers, accounting for about 68.8% of the total loan portfolio as of June 30, 2023[116]. Business Operations - The company is focusing on the credit business, providing unsecured personal loans and property mortgage loans, leveraging fintech for operational efficiency[12]. - The hotel operations have shown improvement post-pandemic, with expectations for high average daily rates (ADR) and occupancy rates driven by increased visitor numbers[12]. - The property leasing business in Shanghai is developing steadily, contributing to stable cash flow and supporting the company's diversification strategy[13]. - The company has suspended its gaming and entertainment business for over a year and will assess its future in the next fiscal year[13]. - The hotel operations business achieved an average occupancy rate of 92.7% for the year ended June 30, 2023, with rental income of approximately HKD 11.3 million, up from approximately HKD 7.3 million for the year ended June 30, 2022[26]. - The property leasing business recorded a related profit before tax of approximately HKD 13.4 million for the year ended June 30, 2023, compared to approximately HKD 2.1 million for the year ended June 30, 2022[31]. - The gaming and entertainment business generated no commission revenue for the year ended June 30, 2023, compared to approximately HKD 1.4 million for the year ended June 30, 2022[32]. Corporate Governance - The company has been applying the corporate governance code as per the listing rules and has complied with all provisions during the year ending June 30, 2023[65]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, with changes in membership noted during the reporting period[72]. - The company has a strong commitment to enhancing internal controls and procedures in response to regulatory changes and best practices[66]. - The company has a diverse board composition with independent non-executive directors and experienced management team members[72]. - The company has been focusing on market expansion and enhancing its operational strategies through experienced leadership[59]. - The company has a strong financial management team with over 18 years of experience in accounting, finance, and auditing[59]. - The company has a dedicated team for technology and innovation, indicating a focus on new product development and market competitiveness[62]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and independence[73]. - The company has a diversity policy for board members, with one-third of the board being female, promoting a balanced composition[83]. - The company adheres to corporate governance codes, clearly defining the roles of the chairman and CEO to maintain effective leadership[76]. Risk Management and Compliance - The board is responsible for ensuring the establishment and maintenance of appropriate and effective risk management procedures, including risk identification and assessment[108]. - The company has engaged an external professional service firm to conduct an annual review of its risk management and internal control systems[107]. - The audit committee reviewed the financial reporting procedures and risk management systems during the fiscal year[93]. - The company confirmed no significant uncertainties affecting its ability to continue as a going concern after appropriate inquiries by the directors[101]. - The company has established an internal audit function to ensure effective internal controls and compliance with applicable laws and regulations[107]. Environmental, Social, and Governance (ESG) Initiatives - The board oversees environmental, social, and governance (ESG) matters, with a dedicated ESG working group established for monitoring and reporting[152]. - The group follows the "ESG Reporting Guidelines" to report key ESG issues and performance indicators[147]. - The group has identified significant ESG topics through discussions with stakeholders and internal management discussions[151]. - The company aims to reduce air pollutant emissions by approximately 5% to 15% by 2025, primarily due to a significant decrease in gas consumption from reduced quarantine traveler numbers[161]. - Total air pollutant emissions for 2023 were 2.35 kg of nitrogen oxides (NOx), down from 3.11 kg in 2022, reflecting a reduction of approximately 24.4%[164]. - Greenhouse gas emissions increased to 1,271.38 tons of CO2 equivalent in 2023, compared to 822.41 tons in 2022, marking an increase of approximately 54.8%[166]. - The company plans to reduce greenhouse gas emissions by about 5% to 15% by 2025, in response to increased energy consumption as employees returned to the office[165]. - The company strictly adheres to all relevant environmental laws and regulations in Hong Kong and China, including the Air Pollution Control Ordinance and the Waste Disposal Ordinance[160]. - The company engages stakeholders annually to assess the significance of environmental, social, and governance (ESG) issues, ensuring informed decision-making[155]. - The company has established a roadmap for the next three to five years, focusing on achievable ESG targets aligned with its aspirations[157]. Employee and Stakeholder Engagement - The total number of employees as of June 30, 2023, was 75, with compensation policies reviewed by the remuneration committee[49]. - The company emphasizes the importance of gender diversity in its workforce and will continue to monitor and enhance diversity as needed[84]. - The company maintains a dedicated investor relations section on its website to enhance effective communication with investors[132]. - The company emphasizes the importance of maintaining timely communication with shareholders through various channels, including announcements and annual reports[130]. - The company provides shareholders with the opportunity to raise concerns or inquiries at any time through its website[122]. Future Outlook and Strategy - The board remains cautiously optimistic about the long-term sustainable growth of the group, despite challenges posed by the post-COVID-19 environment[19]. - The company continues to explore appropriate investment opportunities that align with its strategic goals[48]. - The company aims to achieve zero carbon emissions through comprehensive energy-saving policies and the introduction of renewable energy[188]. - The company is developing multiple future scenarios for 2025 based on the International Energy Agency's 2-degree scenario and other scenarios[186]. - The company seeks to engage with institutional investors and stakeholders to ensure appropriate disclosures and secure stable funding[188].

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：00070） 截至二零二三年六月三十日止年度 綜合年度業績公告 金粵控股有限公司（「本公司」）董事（「董事」）會（「董事會」）呈列本公司及其附屬 公司（統稱「本集團」）截至二零二三年六月三十日止年度之綜合年度業績，連同比 較數字如下： 綜合損益及其他全面收益表 截至二零二三年六月三十日止年度 二零二三年 二零二二年 附註 港幣千元 港幣千元 收益 3 98,375 60,352 所提供服務之成本 (19,387) (12,512) 其他收入及其他收益淨額 4 3,746 3,286 投資物業公平值虧損 9 (4,984) (6,964) 物業、廠房及設備減值虧損回撥╱（減值虧損） 14,569 (7,487) ...

Financial Performance - The company reported a loss attributable to shareholders of approximately HKD 1.7 million for the six months ended December 31, 2022, compared to a profit of approximately HKD 2.3 million for the same period in 2021, representing a significant decline [6]. - Total revenue for the group was approximately HKD 45.1 million, an increase of about 66.4% compared to approximately HKD 27.1 million for the six months ended December 31, 2021 [7]. - The group recorded a pre-tax profit of approximately HKD 2.1 million from hotel operations, a significant improvement from a pre-tax loss of approximately HKD 16.8 million in the previous year [13]. - The property leasing business generated a pre-tax profit of approximately HKD 4.8 million for the six months ended December 31, 2022, compared to HKD 3.0 million for the same period in 2021, primarily due to an increase in pre-tax profit from the property leasing business in China by approximately HKD 3.2 million [18]. - The group reported a total comprehensive loss of HKD 18,591,000 for the six months ended December 31, 2022, compared to a total comprehensive income of HKD 4,593,000 for the same period in 2021 [46]. Revenue and Income Sources - The group’s segment revenue from the credit business was HKD 21,600,000 for the six months ended December 31, 2022, compared to HKD 9,872,000 in the same period of 2021, reflecting a growth of approximately 118.0% [57]. - The hotel operations segment achieved an average occupancy rate of 88.9% for the six months ended December 31, 2022, with rental income of approximately HKD 4.9 million, compared to approximately HKD 2.9 million for the same period in 2021 [13]. - The gaming and entertainment business did not generate commission income during the period, contrasting with approximately HKD 1.4 million generated in the same period last year [9]. Assets and Liabilities - The total amount of receivables for loans was approximately HKD 248.7 million as of December 31, 2022, an increase of approximately HKD 65.8 million from HKD 182.9 million as of June 30, 2022 [12]. - The total liabilities as of December 31, 2022, were approximately HKD 204.2 million, slightly up from HKD 202.8 million as of June 30, 2022 [19]. - The company's non-current assets totaled HKD 1,253,247,000 as of December 31, 2022, compared to HKD 1,213,763,000 as of June 30, 2022 [43]. - The total assets of the group as of December 31, 2022, amounted to HKD 1,429,277,000, a slight decrease from HKD 1,450,642,000 as of June 30, 2022 [60]. Cash Flow and Financing - The net cash used in operating activities for the six months ended December 31, 2022, was HKD (68,517,000), compared to HKD (13,135,000) for the same period in 2021, indicating a significant increase in cash outflow [48]. - The company’s financing activities generated a net cash inflow of HKD 200,000 for the six months ended December 31, 2022, compared to a net cash outflow of HKD (233,251,000) in the same period of the previous year [48]. - Cash and cash equivalents decreased to HKD 63,109,000 as of December 31, 2022, down from HKD 181,023,000 at the end of 2021, marking a decline of approximately 65% [48]. Shareholder Information - Major shareholder Ms. Lian Qiwen holds 70.89% of the company's ordinary shares, while Mr. Huang Youcheng holds 5.57% [34]. - The total number of issued and fully paid ordinary shares remained at 1,938,823,000, with a total share capital of HKD 1,317,736,000 as of December 31, 2022 [86]. - The board of directors resolved not to declare any interim dividend for the six months ended December 31, 2022 [24]. Strategic Outlook - The group remains cautiously optimistic about its diversified strategy to mitigate the impacts of the pandemic on performance and aims for sustainable long-term growth [7]. - The company plans to gradually phase out long-term rental business and return to normal operations in the hotel sector following the reopening of borders between Hong Kong and mainland China [15]. - The company plans to continue exploring market expansion opportunities and new product development strategies [35]. Impairments and Provisions - The total impairment provision for loans increased from HKD 9,950,000 as of June 30, 2022, to HKD 12,533,000 as of December 31, 2022 [76]. - The group recognized a total of HKD 3,874,000 in write-offs for receivables during the six months ended December 31, 2022, due to customers facing financial difficulties or bankruptcy [78]. - The provision for impairment losses on trade receivables decreased to HKD 514,000 from HKD 810,000, indicating improved credit quality [83].

Financial Performance - For the fiscal year ending June 30, 2022, the company reported revenue of HKD 60,352,000, a decrease of 18.5% compared to HKD 51,065,000 in the previous year[8]. - The company recorded a loss attributable to shareholders of HKD 3,631,000, compared to a loss of HKD 30,356,000 in the prior year, indicating an improvement in profitability[8]. - Basic and diluted loss per share was HKD 0.19, compared to a loss of HKD 0.02 in the previous year[8]. - The overall financial performance reflects resilience amid challenging market conditions, with a focus on long-term sustainability[12]. - The company reported a net loss of approximately HKD 4.0 million for the year ending June 30, 2022, a significant improvement from a net loss of HKD 22.0 million for the previous year, representing a reduction of about HKD 18.0 million[18]. - Total revenue for the year was approximately HKD 60.4 million, an increase of 18.2% compared to HKD 51.1 million for the previous year[20]. Assets and Liabilities - Total assets minus total liabilities increased to HKD 1,247,882,000 in 2022, up from HKD 1,170,742,000 in 2021, reflecting a stronger balance sheet[9]. - As of June 30, 2022, total liabilities amounted to HKD 202.8 million, a significant increase from HKD 10.4 million as of June 30, 2021[38]. - The debt-to-equity ratio as of June 30, 2022, was 6.5%, compared to 0% as of June 30, 2021[38]. - As of June 30, 2022, the group's net current assets were approximately HKD 191.0 million, down from approximately HKD 562.8 million as of June 30, 2021[35]. - The total cash and bank balances as of June 30, 2022, were approximately HKD 121.5 million, compared to approximately HKD 463.6 million as of June 30, 2021[35]. Strategic Initiatives - The company adjusted its operational strategies in response to the COVID-19 pandemic, which helped stabilize performance and cash flow during the fiscal year[12]. - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities in the upcoming fiscal year[12]. - The management emphasized ongoing efforts in research and development for new products and technologies to enhance competitive advantage[12]. - The company is considering potential market expansions and acquisitions to drive future growth[12]. - The company aims to diversify its operations to reduce reliance on gaming and entertainment, with property leasing in China being a critical part of this strategy[18]. Lending and Financial Services - The company's lending business is a key focus, providing unsecured personal loans and mortgage services, with efforts to enhance operational efficiency through fintech solutions[18]. - As of June 30, 2022, the group's receivables from lending amounted to HKD 182.9 million, an increase of approximately HKD 75.3 million compared to HKD 107.6 million on June 30, 2021[23]. - Interest income for the year ended June 30, 2022, was approximately HKD 28.0 million, up by about HKD 2.1 million from HKD 25.9 million for the year ended June 30, 2021[23]. - The company has implemented strict data security measures to protect customer information in its lending operations[18]. Hotel and Property Operations - The company has shifted its hotel operations to long-term rentals to maintain a high occupancy rate amid a significant drop in tourist arrivals[18]. - The hotel operations segment recorded a rental income of approximately HKD 7.3 million for the year ended June 30, 2022, compared to HKD 4.5 million for the year ended June 30, 2021[27]. - The hotel operations segment reported a pre-tax loss of approximately HKD 23.5 million for the year ended June 30, 2022, an improvement from a loss of approximately HKD 40.2 million for the previous year[27]. - The property leasing business generated a pre-tax profit of approximately HKD 2.1 million for the year ended June 30, 2022, compared to a pre-tax loss of approximately HKD 18,000 for the year ended June 30, 2021[31]. Governance and Compliance - The company has implemented enhanced internal controls and compliance measures to align with regulatory changes and best practices in corporate governance[62]. - The company emphasizes the importance of board diversity, considering factors such as gender, age, skills, and industry experience[78]. - The company has established an internal audit function to ensure adequate resources and proper status for effective operation[99]. - The board confirmed no significant uncertainties affecting the company's ability to continue as a going concern after appropriate inquiries[96]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to operating in an environmentally friendly manner and continuously monitors its environmental performance to minimize negative impacts[144]. - The board of directors is responsible for overseeing the company's environmental, social, and governance (ESG) strategies and ensuring effective risk management related to ESG issues[137]. - The company conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG matters[139]. - The company aims to set practical and achievable ESG goals for the next three to five years, aligning them with its aspirations[141]. Employee and Workforce Management - The total number of employees was 67, with compensation policies reviewed by the remuneration committee[44]. - Employee composition shows 60% male and 40% female, with 75% based in Hong Kong[199]. - The employee turnover rate decreased from 79% to 56% year-on-year[199]. - The company is committed to maintaining competitive salary levels in line with market conditions, along with providing additional employee benefits[44].

Financial Performance - The group reported a profit of approximately HKD 4.0 million for the six months ended December 31, 2021, compared to a loss of approximately HKD 18.9 million for the same period in 2020[5]. - Revenue for the group was approximately HKD 27.1 million, an increase of 41.1% from approximately HKD 19.2 million for the six months ended December 31, 2020[6]. - The profit turnaround was primarily due to a bargain purchase gain of approximately HKD 23.9 million from the acquisition of a subsidiary, offset by financing costs of approximately HKD 1.5 million[6]. - The company reported a profit of approximately HKD 2,319,000 for the six months ended December 31, 2021, compared to a loss of approximately HKD 18,940,000 for the same period in 2020[83]. - The total comprehensive income for the period was HKD 8,490,000, compared to a loss of HKD 18,932,000 in the previous period[47]. - The profit attributable to the owners of the company was HKD 2,319,000, a significant decrease from a loss of HKD 18,940,000 in the prior year[47]. Business Segments - The group’s gaming and entertainment business generated commission income of approximately HKD 1.4 million, compared to no income from this segment in the same period of 2020[7]. - The hotel operations segment recorded a pre-tax loss of approximately HKD 16.8 million for the six months ended December 31, 2021, an improvement from a loss of approximately HKD 22.2 million for the same period in 2020[16]. - The property leasing business generated a pre-tax profit of approximately HKD 3.0 million for the six months ended December 31, 2021, compared to a pre-tax loss of approximately HKD 5.7 million for the same period in 2020[19]. - Total revenue for the six months ended December 31, 2021, was HKD 27,111,000, with contributions from various segments: HKD 1,392,000 from gaming and entertainment, HKD 9,872,000 from lending, HKD 2,920,000 from hotel operations, and HKD 12,927,000 from property leasing[71]. - The group reported a segment loss of HKD 13,320,000 for the six months ended December 31, 2021, with significant losses in hotel operations amounting to HKD 16,829,000[71]. Lending Business - The group’s lending business saw accounts receivable increase to approximately HKD 115.5 million as of December 31, 2021, up from approximately HKD 107.6 million as of June 30, 2021[12]. - Interest income from the lending business for the six months ended December 31, 2021, was approximately HKD 9.9 million, a decrease of approximately HKD 6.2 million from approximately HKD 16.1 million for the same period in 2020[12]. - The group has established a brand named "Funki Financial" for its lending business, utilizing smart technology to improve the loan application process[10]. - The company reported a significant increase in new loans initiated, totaling HKD 115,000,000 as of July 1, 2021, compared to HKD 13,000,000 previously[99]. - The company had no overdue or impaired loans as of December 31, 2021, with secured loans amounting to HKD 31,975,000 and unsecured loans amounting to HKD 41,897,000[91]. Acquisitions and Investments - The group completed the acquisition of 51% of Fast Advance Resources Limited, which has allowed entry into the property leasing market in China[17]. - The company completed the acquisition of Fast Advance on September 30, 2021, enhancing its property leasing business and expanding into the Chinese property market[116]. - The identifiable net assets acquired from Fast Advance totaled HKD 188,529,000, with a bargain purchase gain of HKD (23,917,000)[119]. - Fast Advance contributed HKD 12,269,000 in revenue and HKD 2,280,000 in post-tax profit since the acquisition[123]. Financial Position - As of December 31, 2021, the group's net current assets were approximately HKD 231.1 million, down from approximately HKD 562.8 million as of June 30, 2021[20]. - The total liabilities as of December 31, 2021, were approximately HKD 208.3 million, a significant increase from approximately HKD 10.4 million as of June 30, 2021[22]. - The group has no external funding sources and reported no borrowings as of December 31, 2021[20]. - Non-current assets totaled HKD 1,209,563,000, an increase from HKD 611,341,000 year-on-year[52]. - The total equity attributable to owners of the company was HKD 1,166,769,000, compared to HKD 1,162,176,000 in the previous period[55]. Governance and Compliance - The audit committee, composed entirely of independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards[35]. - The board of directors consists of a majority of independent non-executive directors, ensuring a balance of power and authority within the governance structure[36]. - The group has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its performance or financial position[66]. Future Outlook - The group remains cautiously optimistic about its diversified strategy to navigate challenges posed by the pandemic and economic recovery[6]. - The group plans to launch a mobile application for online loan applications and withdrawals by the end of 2022, enhancing customer experience[10]. - The management believes that the lending market in Hong Kong has good business prospects despite economic uncertainties[13]. Shareholder Information - The company has a major shareholder, Ms. Lian Qiwen, holding 70.10% of the ordinary shares, amounting to 1,359,187,606 shares[38]. - The company has adopted a share option scheme allowing directors to grant options to employees, including directors, to subscribe for shares[40]. - The company did not recommend any interim dividend for the six months ended December 31, 2021, and December 31, 2020[86].

Financial Performance - The company's revenue for the year ended June 30, 2021, was approximately HKD 51.1 million, a decrease of 5.2% compared to HKD 53.9 million for the year ended June 30, 2020[16]. - The net loss for the year was approximately HKD 22.0 million, significantly reduced from HKD 81.2 million in the previous year, representing a decrease of about HKD 59.2 million[14]. - The loss attributable to the company's owners for the year was approximately HKD 30.4 million, compared to HKD 85.7 million in the previous year, with a loss per share of HKD 0.02[14]. - The impairment loss on properties, classified as property, plant, and equipment, decreased by approximately HKD 43.7 million compared to the previous year[16]. - The fair value loss on investment properties decreased by approximately HKD 12.5 million compared to the previous year[16]. - Administrative expenses increased by approximately HKD 5.3 million due to the expansion of the lending business[16]. - The gaming and entertainment business generated commission income of approximately HKD 196 million for the year ended June 30, 2021, down from approximately HKD 218 million for the year ended June 30, 2020[18]. - Interest income generated for the year ended June 30, 2021, was approximately HKD 25.9 million, an increase of approximately HKD 2 million from approximately HKD 23.9 million for the year ended June 30, 2020[26]. - The hotel operations business recorded a pre-tax loss of approximately HKD 40.2 million for the year ended June 30, 2021, an improvement compared to a loss of approximately HKD 88.9 million for the year ended June 30, 2020[28]. - The property leasing business reported a pre-tax loss of approximately HKD 18,000 for the year ended June 30, 2021, compared to a loss of approximately HKD 11.8 million for the year ended June 30, 2020[32]. Assets and Liabilities - The total assets less total liabilities amounted to HKD 1,170.7 million as of June 30, 2021[11]. - The company’s equity attributable to owners was HKD 1,162.2 million as of June 30, 2021[11]. - The group’s loan receivables amounted to approximately HKD 107.6 million as of June 30, 2021, a decrease of approximately HKD 312.4 million from approximately HKD 420 million as of June 30, 2020[26]. - The group’s total liabilities amounted to approximately HKD 10.4 million as of June 30, 2021, compared to approximately HKD 9.2 million as of June 30, 2020[35]. - The group has no external funding sources and reported no borrowings as of June 30, 2021[35]. - As of June 30, 2021, the group had cash and bank balances totaling approximately HKD 463.6 million, an increase from approximately HKD 160 million as of June 30, 2020[35]. Business Strategy and Operations - The company remains cautiously optimistic about its diversified strategy to navigate through challenges and achieve sustainable growth in the long term[17]. - The group is focusing on diversifying its business operations beyond gaming, including lending, hotel operations, and property leasing[23]. - The group launched an online loan platform to enhance customer experience and expand its lending business[26]. - The company agreed to acquire 51% of Fast Advance Resources Limited for an initial consideration of HKD 74,220,000[40]. - The valuation of the target company's main assets was RMB 492,700,000, approximately HKD 591,240,000 as of June 30, 2021[40]. - The company has no significant contingent liabilities as of June 30, 2021[43]. - There are currently no specific plans for major investments or acquisitions of capital assets[44]. Corporate Governance - The board of directors has adopted the corporate governance code as per the listing rules, ensuring compliance and effective management practices[63]. - The board consists of 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring a balance of skills and independence[75]. - The company held 16 board meetings and 1 annual general meeting during the fiscal year ending June 30, 2021, with full attendance from the chairman[82]. - The company emphasizes board diversity, considering factors such as gender, age, skills, and industry experience in its nomination policy[82]. - The independent non-executive directors have confirmed their independence according to the listing rules, ensuring compliance with governance standards[77]. - The company has established a framework for the nomination and reappointment of directors, ensuring alignment with business needs and governance policies[79]. - The chairman and CEO roles are distinct, enhancing the leadership and strategic planning capabilities of the company[76]. - The company is committed to reviewing and enhancing its internal controls and procedures in response to regulatory changes[64]. - The board's composition reflects a necessary balance of skills and experience for effective leadership and decision-making[75]. Risk Management - The company has established a risk management framework that includes risk identification, assessment, management measures, and monitoring[109]. - The credit risk involves the potential inability of borrowers or counterparties to fulfill their payment obligations[109]. - The company’s board is responsible for ensuring the establishment and maintenance of effective risk management[109]. Environmental, Social, and Governance (ESG) Initiatives - The company has engaged professional assistance to prepare its environmental, social, and governance report[127]. - The group operates in four main segments: gaming and entertainment, hotel operations, lending, and property leasing[134]. - The group emphasizes effective communication with stakeholders to understand risks and opportunities[136]. - Key stakeholders include government, shareholders, employees, customers, industry organizations, and the community, each with specific expectations and engagement channels[139]. - The group adheres to the "Environmental, Social and Governance Reporting Guidelines" and reports on key performance indicators[140]. - The management has identified and prioritized significant environmental, social, and governance issues through stakeholder discussions[145]. - The group is committed to corporate social responsibility and has established policies and measures to enhance reporting disclosures[134]. - The company aims to reduce air pollutant emissions by approximately 5% to 15% by 2025[160]. - Total greenhouse gas emissions for the year amounted to 340.38 tons of CO2 equivalent, an increase from 323.45 tons in the previous year[164]. - The company reported a total of 27.06 tons of greenhouse gas emissions from hotel operations, up from 22.59 tons in the previous year[164]. - The company strictly complied with all relevant environmental laws and regulations in Hong Kong during the reporting period[157]. - The board is responsible for overseeing the effectiveness of environmental, social, and governance (ESG) risk management[148]. - The ESG working group conducts annual assessments to identify and prioritize significant ESG issues based on stakeholder feedback[151]. - The company has established a mechanism for ongoing communication with stakeholders to address their concerns regarding ESG matters[151]. - The company has set practical and achievable strategic goals for the next three to five years to align with its aspirations[153]. - The company encourages employees to use alternative communication methods to reduce air pollution from transportation[160]. - The company monitors its environmental performance continuously to minimize negative impacts[157]. - The total energy consumption for the year 2021 was 956.15 MWh, an increase from 904.41 MWh in 2020, primarily due to an increase in local staycation guests[175]. - The company aims to reduce electricity and gas consumption by approximately 15% and 5% respectively by 2025[174]. - The total water consumption for 2021 was 2,516 cubic meters, up from 2,390 cubic meters in 2020, attributed to an increase in local staycation guests[180]. - The company plans to reduce water consumption by approximately 5% by 2025[176]. - The energy consumption density for 2021 was 0.0187 MWh per HKD 1,000 revenue, compared to 0.0168 MWh in 2020[175]. - The company has implemented waste management measures to minimize waste generation and environmental impact, with a focus on recycling and resource conservation[169]. - The company promotes energy-saving strategies, including the use of daylight for lighting and energy-efficient bulbs[174]. - The company has established a green office management initiative to enhance environmental performance and reduce carbon footprint[172]. - The company is committed to integrating environmental, social, and governance (ESG) issues into its operations, including climate change risks[182]. - The company encourages employees to use reusable containers and reduce waste in the workplace[171]. - The company aims to reduce external electricity consumption and gas usage by 15% and 5% respectively by 2025[187]. - The company is implementing a comprehensive energy-saving policy globally to promote genuine carbon reduction[187]. - The company recognizes the risks associated with climate change and is developing new strategies to address these risks[191]. - The company anticipates that increased carbon pricing will lead to higher procurement and operational costs[186]. - The company is monitoring its carbon and energy footprint in daily operations to better understand climate risks and opportunities[192]. - The company has identified acute physical risks from climate change, such as extreme weather events, which may increase operational and maintenance costs[194]. - The company is taking steps to mitigate risks from extreme weather, including backup storage of important documents[194]. - The company plans to maintain energy-efficient practices, such as keeping room temperatures at 25 degrees Celsius[194]. - The company is engaging with government and relevant organizations to stay informed about regulatory and financial changes related to climate risks[191]. - The company is committed to achieving net-zero carbon emissions through strategic responses to energy consumption[187]. - The group faces increased operational costs due to high compliance costs and rising insurance premiums[198]. - Capital investment and R&D expenditures are increasing due to the development of low-carbon energy-saving materials and technologies[198]. - The group is monitoring the latest developments in climate-related environmental policies to avoid unnecessary costs and expenses[198]. - The implementation of stricter environmental, social, and governance reporting standards may require significant time and resources[198]. - The group is assessing the feasibility and benefits of applying the latest low-carbon energy-saving technologies in its operations[198].

Financial Performance - The company reported a net loss of approximately HKD 18.9 million for the six months ended December 31, 2020, compared to a net loss of approximately HKD 1.2 million for the same period in 2019, representing a significant increase in losses [14]. - Revenue for the six months ended December 31, 2020, was approximately HKD 19.2 million, a decrease of 45.5% from approximately HKD 35.2 million for the same period in 2019 [16]. - The company reported a loss before tax of HKD 19,981,000, compared to a profit of HKD 222,000 in the previous year [45]. - Total comprehensive loss for the period was HKD 18,932,000, compared to a loss of HKD 1,229,000 in the same period last year [49]. - The company reported a total comprehensive loss of HKD (18,940,000) for the six months ended December 31, 2020, compared to a loss of HKD (18,932,000) in the same period of 2019, indicating a marginal increase in losses [58]. - The basic loss per share was HKD 0.0098, compared to HKD 0.0041 in the previous year [51]. Revenue Breakdown - The company's gaming and entertainment business generated no revenue during the six months ended December 31, 2020, compared to approximately HKD 18.5 million in the same period of 2019, primarily due to the termination of cooperation with a gaming intermediary in Macau [19]. - The hotel operations segment recorded a pre-tax loss of approximately HKD 22.2 million for the six months ended December 31, 2020, compared to a loss of approximately HKD 9.8 million for the same period in 2019, indicating a deterioration in performance [23]. - The property leasing business reported a pre-tax loss of approximately HKD 5.7 million for the six months ended December 31, 2020, compared to a pre-tax profit of approximately HKD 0.6 million for the same period in 2019 [24]. Lending Business - The lending business saw an increase in loan principal amounting to approximately HKD 306.0 million as of December 31, 2020, up from approximately HKD 288.6 million as of December 31, 2019, reflecting an increase of approximately HKD 17.4 million [20]. - Interest income from the lending business for the six months ended December 31, 2020, was approximately HKD 16.1 million, an increase of approximately HKD 5.3 million from approximately HKD 10.8 million for the same period in 2019 [20]. - The company anticipates potential growth in the lending market in Hong Kong despite economic uncertainties, supported by strong financial capabilities and effective management [22]. Assets and Liabilities - As of December 31, 2020, the net current assets were approximately HKD 552.2 million, down from HKD 570.7 million as of June 30, 2020 [26]. - Total cash and bank balances amounted to approximately HKD 246.7 million as of December 31, 2020, an increase from HKD 160.0 million as of June 30, 2020 [26]. - The total liabilities were approximately HKD 3.4 million as of December 31, 2020, significantly reduced from HKD 9.2 million as of June 30, 2020 [26]. - The total assets as of December 31, 2020, were HKD 1,173,592,000, compared to HKD 1,150,208,000 as of December 31, 2019, indicating a growth of 2.0% [58]. Shareholder Information - Major shareholders include Ms. Lian Yiwen with a 70.10% stake and Mr. Huang Youcheng with a 5.57% stake in the company [38]. - The company reported a total of 1,938,823 thousand shares issued and fully paid, with a share capital of HKD 1,317,736 million as of December 31, 2020 [106]. Management and Governance - The board consists of a majority of independent non-executive directors, ensuring a balance of power and authority [33]. - Management compensation for the six months ended December 31, 2020, was HKD 1,033 million, a decrease from HKD 1,326 million in the same period of the previous year [108]. Investment and Acquisitions - The company has entered into a non-binding memorandum of understanding for the potential acquisition of at least 51% of Fast Advance Resources Limited, which holds properties in Shanghai [29]. - The company entered into a conditional joint venture agreement to expand its gaming intermediary business in the Philippines, with all conditions met by December 30, 2020 [19]. Cash Flow - The net cash generated from operating activities for the six months ended December 31, 2020, was HKD 108,749,000, an increase from HKD 56,619,000 in the same period of 2019, representing an increase of 92.2% [60]. - The total increase in cash and cash equivalents for the six months ended December 31, 2020, was HKD 86,694,000, compared to HKD 39,748,000 in 2019, reflecting an increase of 117.5% [60]. Impairments and Provisions - The company recorded an impairment loss of HKD 12,012,000 on property, plant, and equipment [45]. - The provision for impairment losses on trade receivables was HKD 45 million as of December 31, 2020, down from HKD 107 million as of June 30, 2020 [100]. - The company has made provisions for estimated uncollectible trade receivables amounting to HKD 2,000 million as of December 31, 2020, down from HKD 4,000 million as of June 30, 2020 [103]. Financial Standards and Reporting - The company adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its performance and financial position [65].

Financial Performance - The company's revenue for the fiscal year ended June 30, 2020, decreased by 55.0% to HKD 53.9 million[14]. - Revenue from hotel operations and the gaming and entertainment segment fell by 74.7% and 70.5%, respectively[14]. - The company recorded a significant impairment loss of HKD 65.0 million on hotel properties and a fair value loss of HKD 13.0 million on investment properties[14]. - The total loss for the year amounted to HKD 81.2 million[14]. - The company reported a basic loss per share of HKD (0.07) for the fiscal year[8]. - The company reported a net loss of approximately HKD 81.2 million for the fiscal year ending June 30, 2020, compared to a net profit of approximately HKD 91.6 million in 2019[28]. - The hotel operations segment recorded a pre-tax loss of approximately HKD 88.9 million for the year ended June 30, 2020, compared to a pre-tax profit of approximately HKD 3.7 million for the year ended June 30, 2019, primarily due to a decline in property valuations leading to impairment losses of approximately HKD 65.0 million[34]. - The property leasing segment reported a pre-tax loss of approximately HKD 11.8 million for the year ended June 30, 2020, compared to a pre-tax profit of approximately HKD 0.6 million for the year ended June 30, 2019, mainly due to fair value losses of approximately HKD 13.0 million on investment properties[37]. - The net loss attributable to the company's owners for the year ended June 30, 2020, was approximately HKD 85.7 million, compared to a net profit of approximately HKD 42.6 million for the year ended June 30, 2019[37]. Revenue Sources - The company experienced a decrease in overall revenue due to adverse factors such as the COVID-19 pandemic and social unrest in Hong Kong[14]. - The increase in revenue from lending and property leasing helped mitigate the overall decline in revenue[14]. - Revenue from the gaming and entertainment segment decreased by approximately 70.6%, from HKD 74.1 million in 2019 to HKD 21.8 million in 2020, primarily due to a drop in visitor numbers and economic slowdown[29]. - Hotel operations generated revenue of approximately HKD 6.3 million for the year ended June 30, 2020, down approximately HKD 18.5 million from approximately HKD 24.8 million for the year ended June 30, 2019, due to a decline in visitor numbers caused by social events and travel restrictions related to COVID-19[40]. Assets and Liabilities - The company's total assets decreased to HKD 1,216.1 million, compared to HKD 1,191.8 million in the previous year[10]. - The net asset value increased to HKD 1,317.7 million from HKD 1,171.9 million in the previous year[10]. - The total amount of loans issued to customers increased to approximately HKD 420.0 million as of June 30, 2020, up from approximately HKD 313.1 million in 2019, representing an increase of approximately HKD 106.9 million[30]. - The total liabilities as of June 30, 2020, were approximately HKD 9.2 million, a decrease from approximately HKD 11.9 million as of June 30, 2019[48]. Business Strategy and Future Outlook - The company plans to expand its lending business into personal loans and consumer finance, leveraging fintech to offer flexible loan solutions[15]. - The company anticipates that its hotel operations will gradually recover in line with the tourism industry in Hong Kong as border controls and quarantine measures are eased[16]. - The company is exploring opportunities to transfer its gaming operations from Macau to the Philippines, with a conditional joint venture agreement established for this purpose[29]. - The company remains cautiously optimistic about its medium to long-term business development despite unprecedented challenges and uncertainties[16]. Corporate Governance - The company appointed Ms. Su Huilun as Chief Financial Officer and Company Secretary effective June 15, 2020, bringing over six years of auditing and accounting experience[71]. - The board has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules, ensuring compliance and effective management oversight[73]. - The board consists of one executive director, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and independence[84]. - The company emphasizes board diversity, considering factors such as gender, age, skills, and industry experience in its nomination policy[92]. - The company aims to improve corporate governance to create shareholder value through effective strategy approval and performance monitoring[73]. Risk Management and Compliance - The company emphasizes the importance of risk management, which includes risk identification, assessment, management measures, and monitoring[121]. - The credit risk is highlighted, indicating the potential inability of borrowers to fulfill their payment obligations[121]. - The company has established an internal audit function to coordinate with external auditors and ensure adequate resources for effective operation[118]. - The audit committee is responsible for the appointment, reappointment, and removal of the external auditor, ensuring effective internal controls and compliance[96]. Employee and Community Engagement - The total number of employees as of June 30, 2020, was 29, with compensation policies reviewed by the remuneration committee[59]. - The company prioritizes employee welfare, providing a safe and healthy work environment, and emphasizes training and development opportunities[161]. - The company actively participates in community engagement, including donations to support underprivileged students in Hong Kong[179]. Environmental Sustainability - The company is dedicated to sustainable development, as demonstrated in its Environmental, Social, and Governance (ESG) report[140]. - The group emphasizes sustainable development, integrating it into business strategies and assessing potential environmental, social, and governance risks and opportunities[142]. - The company encourages the use of reusable containers and proper recycling practices to minimize waste and environmental impact[194]. - The company plans to continue analyzing energy usage data regularly to enhance its environmental performance[196].

Financial Performance - The company reported a basic loss attributable to shareholders of approximately HKD 3,300,000 for the six months ended December 31, 2019, compared to a profit of approximately HKD 14,400,000 for the same period in 2018, representing a significant decline [12]. - Revenue for the six months ended December 31, 2019, was HKD 35,179,000, a decrease of 50.2% compared to HKD 70,628,000 for the same period in 2018 [42]. - Operating profit for the same period was HKD 222,000, down 99.2% from HKD 29,484,000 in 2018 [42]. - The net loss attributable to owners for the six months was HKD 3,309,000, compared to a profit of HKD 14,426,000 in the previous year [44]. - Basic loss per share for the period was 0.41 cents, compared to earnings of 1.78 cents per share in 2018 [44]. - The hotel operations recorded revenue of approximately HKD 4,900,000, down from HKD 12,600,000 in the comparative period, resulting in a pre-tax loss of approximately HKD 9,800,000 compared to a pre-tax profit of HKD 4,100,000 in the previous period [21]. - Revenue from the lending business increased by approximately 10% to HKD 10,800,000, compared to approximately HKD 9,800,000 for the six months ended December 31, 2018 [7]. - The group reported a total comprehensive income of HKD 14,426,000 for the period, compared to HKD 13,654,000 in the previous year [56]. Business Segments - The gaming and entertainment business recorded commission income of approximately HKD 18,000,000, a decrease of about 63% from approximately HKD 48,000,000 in the comparative period, primarily due to the impact of the US-China trade war [17]. - The total gaming revenue in Macau decreased by approximately 7% to about HKD 142,952,000,000 for the six months ended December 31, 2019, down from HKD 152,629,000,000 for the same period in 2018 [13]. - The segment performance for the gaming and entertainment business showed a profit of HKD 2,602,000, while the hotel operations reported a loss of HKD (9,844,000) [72]. - The group's revenue for the six months ended December 31, 2019, was HKD 35,179,000, with the gaming and entertainment segment contributing HKD 18,491,000 [72]. Economic Environment - The company anticipates that the business environment will remain challenging in the second half of the fiscal year, and it will continue to adopt a prudent approach in its operations and expansion [16]. - The company plans to continue developing its lending business despite the uncertain economic environment in Hong Kong, believing in the positive outlook for the lending market [7]. - The average occupancy rate of hotels in Hong Kong dropped to 79% in 2019 from 91% in 2018, reflecting a decline in total visitor numbers to approximately 56,000,000, down about 16% from 65,000,000 in 2018 [13]. Capital and Assets - As of December 31, 2019, the group had net current assets of approximately HKD 406,900,000, with total equity of HKD 1,150,200,000 [25]. - The group had no external borrowings as of December 31, 2019, maintaining a debt ratio of zero [25]. - Total assets as of December 31, 2019, were HKD 1,150,208,000, a decrease from HKD 1,191,821,000 as of June 30, 2019 [51]. - Cash and cash equivalents increased to HKD 123,909,000 from HKD 84,161,000 in the previous period [48]. - The company reported a decrease in trade and other receivables to HKD 3,908,000 from HKD 14,852,000 [48]. Future Plans and Strategies - The company plans to further develop its lending business despite uncertainties in the Hong Kong economy, indicating potential for expansion [20]. - The company is seeking new gaming intermediaries as the current contract with the gaming operator for the Macau New Lisboa will not be renewed, which is set to expire in April 2020 [17]. - The company completed a public offering in January 2020 to raise additional capital for the development of its lending business and to provide operational funds for its hotel operations [9]. - The company plans to conduct a public offering of ordinary shares at a subscription price of HKD 0.12 per share, based on the ratio of 9 shares for every 5 shares held by eligible shareholders [141]. Shareholder Returns - The board decided not to declare any interim dividend for the six months ended December 31, 2019, compared to HKD 0 in the previous year [24]. - The company did not declare any interim dividends for the six months ended December 31, 2019, consistent with the previous year [87]. Impairments and Provisions - The impairment provision for loans receivable was HKD 190, down from HKD 768 as of June 30, 2019 [117]. - The group had no impairment losses recognized for the six months ended December 31, 2019, compared to none in the previous year [102]. - The expected credit loss measurement for receivables without significant credit risk increase since initial recognition is based on the 12-month expected credit loss [127]. Miscellaneous - The company has established a share option scheme allowing directors to grant options to employees, including directors, to subscribe for shares [34]. - The group adopted the new Hong Kong Financial Reporting Standard 16 on leases, which did not have a significant impact on the financial performance or position [64]. - The company did not engage in any share or bond purchase arrangements during the six months ended December 31, 2019 [39]. - There were no significant new product launches or technological developments mentioned in the report [40]. - The company did not report any acquisitions or market expansion strategies during the review period [40].

Financial Performance - The net profit attributable to the company's owners increased from HKD 39 million for the year ended June 30, 2018, to HKD 42.6 million for the year ended June 30, 2019, reflecting a growth of approximately 6.4%[15] - The group's revenue for the year ended June 30, 2019, was HKD 119.8 million, a decrease from HKD 130.5 million in the previous year[9] - The group's audited net profit for the year ended June 30, 2019, was approximately HKD 91.6 million, a decrease from HKD 124.4 million in 2018, representing a decline of about 26.4%[23] - The group's profit attributable to owners for the year was approximately HKD 42.6 million, compared to HKD 39 million in 2018, reflecting an increase of about 7.7%[39] - The company's net profit attributable to owners increased due to a total revenue increase of approximately HKD 6,500,000, driven by lending, hotel operations, and property leasing, with total revenue for the year ending June 30, 2019, at HKD 45,700,000 compared to HKD 39,200,000 for the previous year[40] - The group's EBITDA for the year was approximately HKD 156.8 million, compared to HKD 209.5 million in 2018, indicating a decrease of about 25.2%[39] Asset and Liability Management - The total assets minus total liabilities for the year ended June 30, 2019, amounted to HKD 1,191.8 million, compared to HKD 1,225.9 million in the previous year[10] - The group's net asset value for the year ended June 30, 2019, was HKD 1,132.4 million, compared to HKD 1,090.9 million in the previous year[10] - The company's total liabilities as of June 30, 2019, were approximately HKD 11,900,000, compared to HKD 8,300,000 the previous year, including income tax payable of approximately HKD 7,800,000[50] - As of June 30, 2019, the total cash and bank balance was approximately HKD 84,200,000, down from HKD 595,600,000 the previous year[49] Business Operations and Expansion - The group acquired the remaining 70% stake in a joint venture operating hotel businesses, enhancing its diversified investment portfolio[15] - The group's lending and hotel operations further expanded during the year, supported by increased loan principal granted to customers[16] - The total loans extended to customers as of June 30, 2019, amounted to approximately HKD 313 million, a significant increase from HKD 252 million in 2018, representing a growth of about 24.2%[31] - Interest income generated from the lending business for the year was approximately HKD 20.6 million, up from HKD 15.7 million in 2018, indicating an increase of about 31.2%[31] - The company has established business plans and strategies for future hotel operations, enhancing flexibility for business development[15] Gaming and Visitor Statistics - Macau's gaming revenue for the year ended June 30, 2019, reached approximately HKD 293.3 billion, a slight increase of 4% compared to the previous year[16] - The total number of visitors to Macau for the fiscal year reached 39.3 million, showing an increase following the opening of the Hong Kong-Zhuhai-Macau Bridge and the Guangzhou-Shenzhen-Hong Kong Express Rail Link[16] - Gaming revenue decreased by approximately 18.9% from HKD 91.3 million in 2018 to HKD 74.1 million in 2019, primarily due to the termination of a gaming promotion agreement[24] - Revenue from the gaming business decreased by approximately HKD 17,200,000, from HKD 91,300,000 to HKD 74,100,000 for the year ending June 30, 2019, due to the termination of a gaming promotion agreement[43] Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules, ensuring effective governance practices[80] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and experience[94] - The chairman and CEO roles are separated to enhance leadership and efficiency in business planning and strategy formulation[95] - The company has established a nomination policy to ensure a diverse and skilled board, with regular reviews of the nomination process[98] - The board has set up three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee various governance aspects[88] Risk Management and Compliance - The company has a structured approach to risk management, ensuring appropriate policies are in place to manage risks effectively[97] - The company has identified several significant risks through risk identification and assessment processes, including credit risk related to borrowers' ability to fulfill payment obligations[139] - The company is committed to reviewing regulatory changes and best practices to enhance internal controls and procedures[81] - The company strictly adheres to local regulations, including the Employment Ordinance and Minimum Wage Ordinance, ensuring fair compensation and benefits for employees[200] Employee Welfare and Training - The company emphasizes employee rights and welfare, providing medical benefits, performance evaluations, and various types of leave[200] - The company has implemented a comprehensive anti-corruption training program for all new employees, lasting two hours[182] - Employees are required to undergo refresher training on anti-corruption policies every six months[182] - The company has established a reporting policy to encourage employees to report any suspected misconduct within the organization[182] Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainable development through its second Environmental, Social, and Governance (ESG) report, showcasing efforts towards stakeholders[162] - The board is responsible for the company's ESG strategy and reporting, identifying risks related to ESG matters[166] - The company has established a working group for ESG matters, comprising board members, senior management, and frontline employees to discuss significant ESG issues[166]