Business Development and Acquisitions - The company established a wholly-owned subsidiary, Hunan Shuo Hua Environmental and New Materials Limited, to commence the development of the comprehensive healthcare business[16]. - The acquisition of SD Limited and SD Asset Management Limited was completed, enabling the company to provide a comprehensive range of financial services[17]. - The company completed the acquisition of Shengda Securities and Shengda Asset Management, becoming wholly-owned subsidiaries and enhancing its financial service platform[19]. - The Group officially entered the insurance intermediary business by acquiring 90% of the issued share capital of United Able International Limited, now renamed GCINT Wealth Management Limited[22]. - The Group expanded its financial business by acquiring SD Limited and SD Asset Management Limited, rebranding them as GCINT (HK) Limited and GCINT Asset Management, respectively[71]. Financial Performance - The Group recorded a revenue of HK$69,766,000 for the year, approximately nine times the total revenue of HK$7,587,000 in 2019[49]. - Revenue from the comprehensive healthcare business amounted to HK$60,399,000, while the electronic components business saw a decline of 7.28% to HK$7,035,000[49]. - The Group achieved a gross profit of HK$5,151,000, representing an increase of about 513.21% compared to HK$840,000 in the previous year[49]. - Other income increased by approximately 484.94% from HK$591,000 to HK$3,457,000, mainly due to subleasing office space and government subsidies[49]. - The Group turned a profit of HK$6,056,000, recovering from a loss of HK$454,961,000 in the previous year[52]. Strategic Initiatives and Future Plans - The company aims to expand its footprint in the healthcare and financial services sectors through these strategic initiatives[17]. - The Group aims to leverage the Greater Bay Area as a key target for development, anticipating it to become an engine of global economic growth[37]. - The Group plans to apply for a Mainland QFLP license to further invest in the domestic market, consolidating its strength and creating organic growth[37]. - The Group will focus on large-scale exploration and development of CBM in Su'nan, aiming for stage-by-stage achievements[102]. - The Group intends to apply for a Qualified Foreign Limited Partner (QFLP) license in mainland China to access domestic private equity and venture capital markets for new revenue growth[103]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions, with exceptions for A.2.1 and A.4.1[131]. - The Board consists of two executive directors, one non-executive director, and three independent non-executive directors[140]. - The Company has adopted a code of conduct for directors' securities transactions, confirming compliance throughout the year[133]. - The Board has the necessary skills and experience to discharge their duties effectively[145]. - The Company will continue to monitor and review governance policies to comply with regulatory requirements[132]. Risk Management and Internal Controls - The Audit Committee reviewed the financial reporting system and internal control and risk management systems of the Group[186]. - The Board considers the risk management and internal control systems to be adequate and effective, complying with the Corporate Governance Code[197]. - The internal control review identified weaknesses and provided recommendations for improvement in the internal control systems of various business units[197]. - The Audit Committee ensures that any issues arising from internal control reviews are resolved efficiently and in a timely manner by management[197]. - The Group's risk management practices are essential for long-term growth and sustainability of its business operations[194]. Human Resources and Management - The company appointed Yeung Chi Wai as an independent non-executive director in April 2020, who has over 30 years of experience in accounting, finance, and audit[120]. - Lee Kin Fai serves as the Chief Financial Officer and Joint Company Secretary, holding a master's degree in business administration from The University of Manchester[121]. - Fung Fai Dennis has been the Chief People Officer since April 2020, with over 20 years of experience in compensation strategy and people development[122]. - Li Jianhao was appointed as the Chief Investment Officer in October 2020, with over 15 years of experience in private equity and investment banking[125]. - The company provides sufficient resources for Board Committees to discharge their duties and seek independent professional advice[164]. Market Trends and Opportunities - The market for medical devices and pandemic-prevention supplies is projected to exceed RMB16 trillion by 2030, indicating significant growth potential for the Group's healthcare segment[69]. - The demand for personal protective equipment surged due to COVID-19, prompting the Group to pivot towards manufacturing medical devices and epidemic-prevention supplies[68]. - The global average temperature has risen by more than 2 degrees Fahrenheit, leading to increased market demand for natural gas and CBM as a strategic energy source[102]. - The rollout of vaccines is expected to drive gradual economic recovery in 2021[103]. - The Group's strategic plans aim to create greater value and better returns for shareholders[103].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 500 million, representing a 25% growth compared to the previous period[7]. - The Group's revenue for the six months ended 30 June 2020 was HK$2,978,000, representing a decrease of 31.79% compared to HK$4,366,000 in the same period last year[8]. - Gross profit decreased to HK$437,000 from HK$481,000 in the same period last year[8]. - The Group recorded a loss attributable to shareholders of approximately HK$46,110,000 for the period, a significant improvement from a loss of HK$309,807,000 in 2019, with basic and diluted loss per share at approximately HK6.26 cents compared to HK64.65 cents in 2019[10]. - The loss for the period was HK$46,262,000, compared to a loss of HK$309,946,000 in the prior year, representing a significant reduction in losses[84]. - Total comprehensive expenses for the period amounted to HK$44,145,000, down from HK$309,809,000 in the previous year[84]. User Engagement and Market Expansion - User data showed an increase in active users, reaching 1.2 million, which is a 15% increase year-over-year[7]. - The company is actively pursuing market expansion in Southeast Asia, targeting a 30% increase in market share within the next year[7]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[7]. Cost Management and Profitability - Cost management strategies have led to a reduction in operational expenses by 10%, improving overall profitability margins[7]. - Administrative expenses increased to HK$23,513,000 from HK$21,084,000, primarily due to higher staff costs and depreciation[8]. - The Group's total liabilities amounted to HK$642,679,000 as of June 30, 2020, up from HK$518,688,000, resulting in a gearing ratio of 227.82% compared to 271.63% in the previous period[10]. Strategic Initiatives and Investments - Research and development investments have increased by 40%, focusing on innovative technologies to improve operational efficiency[7]. - New product launches are expected to contribute an additional HKD 100 million in revenue, with a focus on enhancing user experience and expanding product offerings[7]. - The management emphasized the importance of digital transformation, aiming for a 50% increase in online sales channels by the end of the fiscal year[7]. Acquisitions and Corporate Changes - The company has completed a strategic acquisition of a local competitor, which is anticipated to enhance its market position and increase revenue by HKD 50 million annually[7]. - The Company was renamed "Golden Century International Holdings Group Limited" on 18 March 2020 to better reflect its strategic business plan[15]. - The Group completed the acquisition of SD Limited and SD Asset Management Limited on August 1, 2020, enabling it to conduct regulated activities under Types 1, 2, 4, 5, and 9 of the SFO[32]. Cash Flow and Financing - Cash and cash equivalents at the end of the period increased to HK$74,999,000, compared to HK$27,150,000 for the same period in 2019[100]. - The Group plans to seek additional financing through methods such as open offers, placing of new shares, and issuing bonds[104]. - The Group's cash flow forecast for the next twelve months indicates sufficient resources to meet future working capital and financing requirements[104]. Compliance and Governance - The Company has complied with the Corporate Governance Code throughout the Period, with a deviation regarding non-executive directors' appointment terms[58]. - The Company operates a share option scheme approved by Shareholders on November 11, 2014, allowing Directors to offer options to eligible participants[68]. - The Group's financial statements for the year ended December 31, 2019, have been delivered to the Registrar of Companies as required by the Hong Kong Companies Ordinance[106]. Shareholder Information - As of June 30, 2020, the company has issued a total of 831,789,312 ordinary shares[45]. - Century Gold Millennium International Holdings Group Limited, wholly owned by Mr. Pan Jibiao, holds 469,817,393 ordinary shares, representing approximately 421.45% of the issued share capital[54]. - The total outstanding principal amount of the convertible notes due in 2021 is HK$355,000,000[48].

G olden Ce ntury Inter n ati onal Hol din gs G rou p Limite d Golden Century International Holdings Group Limited 金禧國際控股集團有限公 司 (formerly known as International Standard Resources Holdings Limited 標準資源控股有限公司) (Incorporated in Hong Kong with limited liability) (Stock code: 91) 金禧國際控股集團有限公 司 ANNUAL REPORT 2019 年報 ANNUAL REPORT 2019 Golden Century International Holdings Group Limited 金禧國際控股集團有限公 司 (股份代號: 91) （於香港註冊成立之有限公司） 前稱 ( International Standard Resources Holdings Limited 標準資源控股有限公司) 2019年報 公司資料 董事 執行董事 盤 ...

Financial Performance - The group's revenue for the six months ended June 30, 2019, was HKD 4,366,000, a decrease of 18.89% compared to HKD 5,383,000 in 2018[5]. - The loss for the period was HKD 309,946,000, significantly higher than the loss of HKD 71,558,000 in 2018[6]. - The gross profit recorded was HKD 481,000, down from HKD 534,000 in 2018[5]. - The basic and diluted loss per share was approximately HKD 0.6465, compared to HKD 0.1491 in 2018[7]. - The company reported a loss before tax of HKD 415,905,000, compared to a loss of HKD 79,146,000 in the prior year, reflecting a significant increase in losses[60]. - The total comprehensive loss for the period was HKD 309,809,000, compared to HKD 79,137,000 in the same period last year, marking an increase of approximately 290.5%[62]. - The company reported a net loss attributable to shareholders of approximately HKD 309.8 million for the six months ended June 30, 2019[78]. - The company recorded other income of HKD 56,337,000, a significant improvement from a loss of HKD 7,911,000 in the same period last year[60]. - The company reported a total comprehensive loss of approximately HKD 309.7 million for the period[78]. Assets and Liabilities - Current assets as of June 30, 2019, were HKD 47,795,000, down from HKD 69,424,000 at the end of 2018[9]. - Non-current assets decreased to HKD 190,173,000 as of June 30, 2019, from HKD 621,397,000 at the end of 2018, a decline of about 69.4%[64]. - Current liabilities totaled HKD 103,583,000, down from HKD 124,338,000 at the end of 2018, showing a decrease of approximately 16.7%[64]. - The company's net asset value was negative HKD 271,372,000 as of June 30, 2019, compared to a positive value of HKD 38,450,000 at the end of 2018[66]. - Total liabilities exceeded total assets by approximately HKD 271.4 million, with a capital deficiency of about HKD 266.7 million as of June 30, 2019[78]. - The company had total borrowings of approximately HKD 426.4 million and cash and cash equivalents of about HKD 27.15 million, after deducting restricted bank balances and pledged bank deposits[78]. Cash Flow and Financing - Cash and bank balances increased to HKD 27,292,000 from HKD 6,374,000 at the end of 2018, representing a growth of approximately 327.5%[64]. - The net cash generated from operating activities was HKD 27.0 million, compared to a cash outflow of HKD 4.4 million in the same period last year[72]. - The company announced a rights issue to raise funds, with an estimated net amount of approximately HKD 27.25 million after expenses[80]. - The company is seeking additional financing through public offerings, placements of new shares, and bond issuance[80]. - The company plans to continue discussions with bondholders to extend the repayment dates of current liabilities[80]. - The group’s ability to continue as a going concern depends on successful financing and operational cash flow management, which are subject to significant uncertainty[81]. Corporate Actions and Governance - The company proposed a rights issue to raise approximately HKD 28,750,000, with net proceeds intended for debt repayment and new business development[15]. - The company did not recommend the distribution of dividends for the period[7]. - The company plans to issue bonus warrants to shareholders, with an expected total amount of approximately HKD 5,750,000 to be used for general working capital[17]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries during the reporting period[24]. - The company has complied with the corporate governance code, with the exception of non-executive directors not having specified terms[52]. - The company has taken measures to ensure that its corporate governance practices are not less stringent than those outlined in the corporate governance code[52]. Operational Developments - The company completed drilling 42 exploration wells in Anhui Province, with only 4 production wells operational due to pump failures[27]. - The exploration area for coalbed methane is 567.843 square kilometers, with the exploration period for the B zone extended until March 31, 2020[28]. - The company aims to submit a comprehensive development plan to the relevant Chinese government departments by the end of 2020, targeting commercial production to start in 2022[32]. - The company will focus on developing and exploring the A zone of its coalbed methane project to increase production capacity and achieve annual production targets[44]. - The company is committed to adapting to market changes and aligning with national policies to enhance its operational strategies[44]. Financial Instruments and Investments - The total value of the company's Hong Kong listed securities investment portfolio as of June 30, 2019, was approximately HKD 16,535,000[34]. - The company recorded an unrealized net gain of approximately HKD 5,864,000, attributed mainly to its investment in Daling Group Limited[34]. - The fair value of financial assets measured at fair value through profit or loss for listed investments in Hong Kong was HKD 16,535,000 as of June 30, 2019, up from HKD 10,010,000 as of December 31, 2018[131]. - The fair value of the embedded conversion option in convertible bonds was determined using a binomial lattice model, with a credit spread of 18.48% as of June 30, 2019, indicating a positive correlation with fair value measurement[187]. Employee and Management Information - The company has 40 employees, with a compensation policy that includes basic salary, discretionary bonuses, and medical plans[23]. - Total remuneration for key management personnel was HKD 2,152,000 for the six months ended June 30, 2019, down from HKD 3,257,000 in the same period of 2018, reflecting a decrease of approximately 34%[192]. Legal and Compliance Matters - The company has not been involved in any significant litigation or arbitration matters[19]. - The company is involved in a lawsuit regarding unpaid project payments totaling RMB 736,898, with a maximum bank account freeze of RMB 830,000[178].

IS 標 INTERNATIONAL STANDARD RESOURCES 準 資 源 e are 標 準 資 源 控 股 有 限 公 司 (股份代號: 91) l 英发能源 2018 777 11 ■ ■ 公司資料 | --- | --- | |-----------------|-----------------------------------------| | | | | 董事 | 主要往來銀行 | | 執行董事 | 星展銀行（香港）有限公司 | | 鄭偉強 | 東亞銀行有限公司 | | 譚德華 | | | 曾靜雯 | 法律顧問 | | 獨立非執行董事 | 劉鄺洪律師事務所 崔曾律師事務所 | | 卓盛泉 （主席） | | | 陳子傑 | 核數師 | | 陳炎波 | 恒健會計師行有限公司 | | 王礫 | 執業會計師 香港 | | | | | 行政總裁 | 皇后大道西 2-12 號 | | 呂國平 | 聯發商業中心 305 室 | | 授權代表 | | | 譚德華 | 註冊辦事處 | | 曾靜雯 | 九龍 宏光道 1 號 | | 公司秘書 | 億京中心 | | 曾靜雯 | B座29樓E 室 | | ...