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]

Financial Performance - The company's net profit attributable to shareholders increased from HKD 7,300,000 for the period ended December 31, 2017, to HKD 14,400,000 for the period ended December 31, 2018, representing a growth of 97.26%[6]. - Basic earnings per share rose to HKD 0.02, compared to HKD 0.01 for the same period last year, reflecting a 100% increase[13]. - Revenue for the six months ended December 31, 2018, was HKD 70,628,000, an increase of 9.5% compared to HKD 64,238,000 for the same period in 2017[52]. - Operating profit for the same period was HKD 29,484,000, up 15.1% from HKD 25,549,000 in 2017[52]. - Profit attributable to owners of the company was HKD 14,426,000, compared to HKD 7,256,000 in the previous year, representing a significant increase of 98.5%[56]. - The total comprehensive income for the period was HKD 28,080,000, an increase of 13.5% from HKD 24,683,000 in 2017[56]. - The group reported total revenue of HKD 70,628,000 for the six months ended December 31, 2018, with segment revenues from gaming and entertainment, lending, and hotel operations being HKD 48,231,000, HKD 9,761,000, and HKD 12,636,000 respectively[112]. - The group's profit before tax was HKD 30,316,000, with segment profits of HKD 17,065,000 from gaming and entertainment, HKD 9,484,000 from lending, and HKD 4,073,000 from hotel operations[112]. Revenue Sources and Growth - Macau's gaming revenue reached approximately HKD 148,183,000,000 for the six months ended December 31, 2018, marking a significant growth of 9.5% compared to the same period in 2017[14]. - The hotel operations and lending businesses, established in 2017, have shown strong performance, contributing to revenue diversification and risk mitigation from fluctuations in the Macau gaming market[14]. - Revenue from lending business surged from HKD 4.9 million for the six months ended December 31, 2017, to HKD 9.8 million for the six months ended December 31, 2018, representing a substantial increase[6]. Visitor Trends and Market Outlook - The number of overnight visitors to Hong Kong increased by 4.5% and the average hotel occupancy rate rose by 2% in 2018 compared to 2017[14]. - The company remains optimistic about the future of the Macau gaming industry, anticipating a surge in visitor numbers due to improved transportation links[18]. - The completion of major infrastructure projects, such as the Hong Kong-Zhuhai-Macao Bridge, is expected to significantly enhance connectivity and boost visitor numbers in the Greater Bay Area[7]. Financial Position and Assets - Total assets as of December 31, 2018, were HKD 832,079,000, a decrease from HKD 905,370,000 as of June 30, 2018[60]. - Total equity as of December 31, 2018, was HKD 1,183.7 million, down from HKD 1,225.9 million as of June 30, 2018[28]. - Current assets net value was approximately HKD 823 million as of December 31, 2018, compared to HKD 898 million as of June 30, 2018[28]. - The group had no external borrowings as of December 31, 2018, maintaining a debt ratio of zero[28]. Cash Flow and Investment Activities - The net cash generated from operating activities for the six months ended December 31, 2018, was HKD 34,018,000, a significant decrease from HKD 203,418,000 in 2017, representing a decline of approximately 83.3%[71]. - The net cash used in investing activities was HKD (117,790,000), compared to HKD (280,953,000) in the previous year, indicating an improvement of about 58%[71]. - The total cash and cash equivalents at the end of the period decreased to HKD 511,861,000 from HKD 502,550,000 in 2017, reflecting a net decrease of HKD 83,772,000[71]. Impairment and Provisions - The impairment loss on trade and other receivables was HKD 57,012,000 as of December 31, 2018, compared to HKD 59,007,000 as of June 30, 2018[164]. - The impairment provision for loans receivable was HKD 1,274,000 as of December 31, 2018, a decrease from the previous period where no provision was recorded[177]. - The company reported a reversal of impairment loss of HKD 2,004,000 for the six months ended December 31, 2018, compared to HKD 17,500,000 in the same period of 2017[167]. Strategic Plans and Future Developments - The company plans to continue exploring viable investment opportunities to enhance revenue sources and ensure sustainable growth[17]. - The group intends to continue developing its lending business and expanding its customer base[6]. - The group plans to leverage closer ties with mainland China to enhance its hotel operations and capitalize on the growing tourism market in Hong Kong[23]. Dividends and Shareholder Returns - No interim dividend was declared for the six months ended December 31, 2018, consistent with the previous year[27]. - The total issued and fully paid ordinary shares remained at 692,437,000 shares, with a total capital of HKD 1,171,921,000 as of December 31, 2018[177].