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份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CCIAM Future Energy Limited 信能低碳有限公司 （於香港註冊成立之有限公司） （股份代號：145） 有關公司條例第436條所規定資料之 本公司截至二零二二年十二月三十一日止年度 全年業績的額外資料之補充公告 茲提述信能低碳有限公司（「本公司」，連同其附屬公司統稱為「本集團」）日期為二零二 三年三月二十七日的截至二零二二年十二月三十一日止年度的全年業績公告（「業績公 告」）。除另有界定者外，本公告所用詞彙與業績公告中所界定者具有相同涵義。 本公司謹此提供有關及╱或關於以下根據香港法例第622章公司條例（「公司條例」）第436 條所規定發佈財務報表之額外資料。 ...

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的內容概不負 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 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CCIAM FUTURE ENERGY LIMITED 信能低碳有限公司 （於香港註冊成立之有限公司） 145 （股份代號： ） 截至二零二二年十二月三十一日止年度之 全年業績 信能低碳有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬公 司（統稱「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合業績，連 同截至二零二一年十二月三十一日止年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 5 23,306 7,583 銷售成本 (20,94 6) (6,37 4) 毛利 2,360 1,209 其他收入 6 419 4,523 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 1,776,000, compared to HKD 4,869,000 for the same period in 2021, representing a decrease of 63.6%[6] - Operating loss for the period was HKD 6,446,000, significantly improved from a loss of HKD 32,517,000 in the previous year, indicating a reduction of 80.2%[6] - The net loss for the period was HKD 8,500,000, compared to a net loss of HKD 34,297,000 in the same period last year, reflecting a decrease of 75.2%[6] - Total comprehensive loss for the period was HKD 9,916,000, down from HKD 33,808,000 in the previous year, a reduction of 70.7%[8] - The company’s basic and diluted loss per share improved from HKD 6.55 in 2021 to HKD 1.62 in 2022, a reduction of 75.7%[8] - The company reported a net loss of approximately HKD 8,500,000 for the six months ended June 30, 2022, compared to a net loss of approximately HKD 34,297,000 for the same period in 2021[17] - For the six months ended June 30, 2022, the company recorded unaudited revenue of approximately HKD 1,776,000, a decrease of about 63.5% compared to HKD 4,869,000 in the same period last year[50] - The unaudited loss attributable to the company's owners was approximately HKD 8,500,000, compared to a loss of approximately HKD 34,297,000 in the previous year[50] Assets and Liabilities - The company’s total assets less current liabilities decreased from HKD 48,210,000 in December 2021 to HKD 38,294,000 as of June 30, 2022, a decline of 20.7%[11] - The company’s total equity decreased from HKD 48,210,000 at the end of 2021 to HKD 38,294,000 by June 30, 2022, a decline of 20.7%[11] - As of June 30, 2022, the company had recognized a net expected credit loss provision of approximately HKD 451,000 for receivables, significantly lower than HKD 18,931,000 in the previous year[39] - The company's total accounts payable decreased to HKD 9,765,000 as of June 30, 2022, from HKD 9,386,000 as of December 31, 2021[40] - As of June 30, 2022, the total assets decreased to approximately HKD 71,538,000 from HKD 82,311,000 as of December 31, 2021, representing a decline of about 13.5%[56] - The total liabilities as of June 30, 2022, decreased to approximately HKD 33,244,000 from HKD 34,101,000 as of December 31, 2021, a reduction of about 2.5%[56] Cash Flow and Financing - Cash and cash equivalents at the end of the period were HKD 12,331,000, down from HKD 18,886,000 at the beginning of the period, a decrease of 34.5%[14] - The company is actively considering fundraising activities, including rights issues and public offerings, to raise new capital[18] - The company raised approximately HKD 7,760,000 from the placement of 200,000,000 new shares at a price of HKD 0.04 per share, with the net proceeds intended for general working capital and potential investments[69] - As of June 30, 2022, HKD 17,191,000 of the rights issue proceeds had been utilized, leaving a balance of HKD 3,759,000 for potential new projects[71] - The company completed a rights issue on December 14, 2020, raising approximately HKD 21,000,000, with net proceeds allocated for general working capital, including HKD 12,600,000 for potential new projects and HKD 8,400,000 for operating expenses[71] Operational Efficiency - The company is implementing cost control measures to improve cash flow and operational efficiency[19] - The company noted delays in the collection of receivables due to the impact of the COVID-19 pandemic, affecting customer business activities[52][53] - The company has taken necessary measures to address the collection delays, including negotiating repayment plans and seeking legal advice for enforcement[53] Shareholder Information - As of June 30, 2022, the company had issued 523,330,908 shares, with significant shareholdings by directors, including 38,000,000 shares (7.26%) held by Mr. Zheng Yutian[78] - China CITIC Group holds a controlling interest with 106,447,008 shares, representing approximately 20.34% of the issued shares[81] - The company announced a share transaction involving the sale of 105,815,008 shares, which accounts for 20.22% of the issued shares, for a total consideration of HKD 25,000,000[82] - The company’s major shareholders include Hong Kong Mengzai Materials Co., Ltd. with 38,441,600 shares, representing 7.35%[81] - The company has no other significant interests or short positions in its shares or related securities as of June 30, 2022[80] Governance and Compliance - The company has complied with the principles of the corporate governance code, except for the absence of a separate chairman and CEO, which are currently held by the executive directors[97] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules[98] - The audit committee has reviewed the accounting principles and practices adopted by the group[101] - The audit committee approved the unaudited interim financial statements for the six months ending June 30, 2022[101] Future Outlook - The company anticipates challenges in the fiscal year 2022 due to ongoing uncertainties in the global economy and increased competition in the energy-saving solutions sector[75] - The company plans to explore opportunities in green industries, including HVAC energy-saving projects and potential investments in water treatment and energy storage[76] - The management is actively seeking ways to maintain business and enhance profitability to provide better returns to shareholders[77]

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份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CCIAM Future Energy Limited 信能低碳有限公司 （於香港註冊成立之有限公司） （股份代號：145） 有關本公司截至二零二一年十二月三十一日止年度 全年業績的補充公告 上述三個項目各自的賬面值及計提的預期信貸虧損撥備如下： 根據每項已 及 公司條例第436條所規定資料 茲提述信能低碳有限公司（「本公司」，連同其附屬公司統稱為「本集團」）日期為二零二 二年三月二十五日的截至二零二一年十二月三十一日止年度的全年業績公告（「業績公 告」）。除另有界定者外，本公告所用詞彙與業績公告中所界定者具有相同涵義。 本公司謹此提供有關及╱或關於以下各項的額外資料：(i)引致確認應收賬款及應收融資 租賃款項之預期信貸虧損（「預期信貸虧損」）的撥備淨額35,160,000港元（「預期信貸虧損 撥備」）的理由；(ii)釐定項目的預期信貸虧損撥備的依據；(iii)用於計算益浩集團使用價 值的預測現金流量模型 ...

Financial Performance - The company recorded revenue of approximately HKD 7,583,000 for the year ended December 31, 2021, a decrease of about 5% from HKD 7,985,000 in the previous year[7]. - The attributable loss for the year was approximately HKD 65,923,000, compared to a loss of HKD 67,422,000 in 2020, primarily due to expected credit loss provisions of HKD 35,163,000[7]. - The energy-saving solutions segment reported a loss of approximately HKD 65,280,000, an increase from HKD 57,818,000 in 2020, driven by higher expected credit loss provisions and intangible asset impairment[8]. - The expected credit loss provision for receivables was HKD 35,163,000, up from HKD 26,051,000 in the previous year[9]. - Intangible asset impairment amounted to HKD 21,678,000, compared to HKD 20,315,000 in 2020, reflecting a full impairment of intangible assets[12]. - Total assets decreased to approximately HKD 82,311,000 from HKD 157,776,000 in 2020, primarily due to credit loss provisions and intangible asset impairments[14]. - Total liabilities decreased to approximately HKD 34,101,000 as of December 31, 2021, down from HKD 45,062,000 in 2020, primarily due to trade payables and other payables of about HKD 9,386,000[15]. - The group's net current assets were approximately HKD 7,493,000 as of December 31, 2021, compared to HKD 50,686,000 in 2020[17]. - Cash and bank balances as of December 31, 2021, were approximately HKD 18,886,000, down from HKD 28,757,000 in 2020[17]. - The net asset value decreased to approximately HKD 48,210,000 as of December 31, 2021, from HKD 112,714,000 in 2020[23]. - The total employee cost for the year ended December 31, 2021, was approximately HKD 6,579,000, down from HKD 13,981,000 in 2020[22]. Business Strategy and Operations - The company is exploring opportunities in the loan financing and financial investment sectors but has not identified suitable prospects[13]. - The company adopted a more cautious approach in 2021, leading to a slowdown in new order intake due to anticipated cash flow issues from receivables[11]. - The impact of the real estate developer crisis in China significantly affected the energy-saving business, particularly in commercial properties[11]. - The company noted a decrease in revenue due to the pandemic's impact on client operations, including reduced hotel occupancy and factory production[9]. - The company aims to improve cash flow by targeting potential clients for project buyouts and exploring secondary sales to existing customers[32]. - The management anticipates challenges in the fiscal year 2022 due to uncertainties in the global economy and expects customer demand and capital expenditure budgets to be affected[33]. - The company is actively seeking investment opportunities in the green industry, including energy-saving projects and clean energy procurement[33]. - The company plans to explore various financing sources, including project financing, debt financing, and/or equity financing for business development[33]. Shareholder and Capital Management - The company raised approximately HKD 21 million from the rights issue completed on December 14, 2020, with a total gross amount of about HKD 23.5 million[29]. - The net proceeds from the rights issue are allocated as follows: approximately HKD 12.6 million for potential new projects and HKD 8.4 million for operating expenses[29]. - As of December 31, 2021, the remaining balance of the net proceeds from the rights issue is HKD 3.8 million, which is intended for potential new projects to be utilized by the end of December 2023[30]. - The company has a capital commitment of approximately HKD 5,807,000 for contracted but unprovided capital expenditures as of December 31, 2021, compared to HKD 3,365,000 in 2020[19]. - The company did not declare any final dividends for the year, consistent with the previous year[57]. - The company has adopted a dividend policy aimed at enhancing shareholder value, which will be reviewed periodically[62]. - As of December 31, 2021, the company had no distributable reserves[61]. Governance and Risk Management - The company identified key risks including operational risks, market risks related to government policies, and competition from other energy-saving service providers[46][48][50]. - The board consists of six directors, including three executive directors and three independent non-executive directors[112]. - All independent non-executive directors have confirmed their independence according to the relevant listing rules[114]. - The board held six meetings, one annual general meeting, and one special general meeting during the year[114]. - The nomination committee, established in June 2005, is composed of three independent non-executive directors[120]. - The board ensures that at least one independent non-executive director possesses appropriate professional qualifications or relevant financial management expertise[114]. - The board's composition includes a minimum of one-third independent non-executive directors[114]. - The board regularly reviews its governance practices to maintain a balance of power and responsibilities[115]. - The company has established risk management procedures to address significant risks associated with its business operations[144]. - The board confirmed that the internal control and risk management systems are reasonable and effective for the year[148]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes corporate social responsibility as a core value for sustainable business operations[156]. - The company aims to integrate environmental and social considerations into its business objectives[158]. - The board is responsible for overseeing environmental, social, and governance (ESG) matters and ensuring effective risk management[165]. - The company has identified key environmental and social issues, focusing on energy efficiency solutions with minimal environmental impact[168]. - The company commits to continuous improvement in waste management and reducing greenhouse gas emissions[160]. - The company engages with stakeholders to understand their expectations regarding significant ESG issues[166]. - The company has implemented policies to ensure compliance with environmental and social laws and regulations[163]. - The company aims to support community engagement and promote a safe and healthy work environment[160]. - Energy consumption decreased by 59% from 13,796 kWh in 2020 to 5,669 kWh in 2021[169]. - Greenhouse gas emissions decreased from 10.13 tons CO2 equivalent in 2020 to 4.11 tons CO2 equivalent in 2021, a reduction of 59%[171]. - The company has no reported incidents of non-compliance with environmental laws and regulations that significantly impact operations[178]. Employee Management and Training - The company employed a total of 20 employees in 2021, down from 33 in 2020[181]. - The gender distribution of employees remained stable with 15 males and 4 females in 2021, compared to 16 males and 4 females in 2020[181]. - Employee turnover rate for 2021 was 5%, significantly lower than 65% in 2020[187]. - Total training hours provided to employees in 2021 was 266 hours, down from 407 hours in 2020[195]. - Average training hours per employee in 2021 was 14 hours, compared to 20 hours in 2020[195]. - 82% of male employees and 18% of female employees participated in training programs in 2021[195]. - The company provided onboarding training for new employees to familiarize them with its culture and operations[195]. - The company has not used child or forced labor in the current year, adhering to local employment laws[198]. Share Options and Employee Incentives - The company has a share option plan adopted on May 25, 2018, which is valid for ten years and will expire on May 25, 2028[76]. - Under the share option plan, the total number of shares issued or to be issued upon full exercise of options cannot exceed 30% of the company's issued shares at any time[79]. - The maximum number of shares that can be issued upon exercise of options is capped at 10% of the issued shares as of the date of shareholder approval[79]. - The total number of stock options granted during the year was 11,122,941, with 2,983,002 options exercised[83]. - The company aims to attract and retain talented employees through the share option plan[76].

Financial Performance - The company's revenue for the six months ended June 30, 2021, was HKD 4,869,000, compared to HKD 644,000 for the same period in 2020, representing a significant increase of 657%[5] - The gross profit for the same period was HKD 609,000, up from HKD 358,000 in 2020, indicating a growth of 70%[5] - Operating loss increased to HKD 32,517,000 in 2021 from HKD 18,786,000 in 2020, reflecting a deterioration of 73%[5] - The net loss for the period was HKD 34,297,000, compared to HKD 19,798,000 in the previous year, marking an increase in losses of 73%[5] - The group reported a pre-tax loss of HKD 34,297,000 for the six months ended June 30, 2021, compared to a loss of HKD 19,798,000 in the same period of 2020, reflecting an increase in losses of 73%[31] - The company reported a net loss of approximately HKD 34,297,000 for the six months ended June 30, 2021, compared to a net loss of HKD 19,798,000 for the same period in 2020[17] Assets and Liabilities - The company's total assets decreased to HKD 57,669,000 as of June 30, 2021, from HKD 91,901,000 at the end of 2020, a decline of 37%[8] - The net current assets dropped significantly to HKD 16,898,000 from HKD 50,686,000, a decrease of 67%[8] - The total equity of the company as of June 30, 2021, was HKD 78,906,000, down from HKD 112,714,000 at the end of 2020, a decline of 30%[10] - The company reported total liabilities of HKD 16,406,000 as of June 30, 2021, compared to HKD 17,079,000 as of December 31, 2020[47] - The total liabilities decreased to approximately HKD 44,266,000 as of June 30, 2021, compared to HKD 45,062,000 as of December 31, 2020, showing effective management of obligations[64] Cash Flow and Financing - The cash and cash equivalents decreased by HKD 3,562,000 in the first half of 2021, compared to a decrease of HKD 6,528,000 in the first half of 2020[13] - The company had cash and cash equivalents of HKD 25,893,000 at the end of June 2021, a significant increase from HKD 2,353,000 at the end of June 2020[13] - The net cash used in operating activities was HKD 1,605,000 for the first half of 2021, a decrease from HKD 6,256,000 in the same period of 2020[13] - The company is actively considering fundraising activities, including rights issues and public offerings, to raise new capital[18] - The company continues to explore various funding sources, including project financing, debt financing, and/or equity financing for business development[76] Credit and Risk Management - The expected credit loss provision for finance lease receivables was approximately HKD 33,206,000 as of June 30, 2021, compared to HKD 25,021,000 as of December 31, 2020[39] - The accounts receivable as of June 30, 2021, amounted to HKD 63,687,000, with an expected credit loss provision of HKD 37,500,000[43] - The net expected credit loss provision for accounts receivable was approximately HKD 18,931,000 for the six months ended June 30, 2021, compared to a reversal of HKD 167,000 for the same period in 2020[45] - As of June 30, 2021, the expected credit loss provision for receivables and finance lease receivables amounted to approximately HKD 26,855,000, compared to HKD 8,474,000 in 2020, indicating a significant increase in credit risk due to the pandemic[60] Business Operations and Strategy - The company operates in two main regions: Hong Kong and China[22] - The company is focused on providing energy-saving solutions as its primary business segment[21] - Energy-saving solutions revenue accounted for HKD 4,490,000, a substantial rise from HKD 147,000 in the previous year, indicating a growth of 2,949%[25] - The company is facing significant uncertainty regarding its ability to continue as a going concern due to its financial situation[19] - The company is facing increasing competition in the energy-saving solutions sector, particularly from small to medium-sized projects[75] Employee and Corporate Governance - The employee count decreased to 19 as of June 30, 2021, down from 33 in 2020, with total employee costs amounting to approximately HKD 3,180,000[72] - The company has not appointed a chairman or chief executive officer, with these roles being jointly performed by executive directors[93] - The audit committee has reviewed the accounting principles and practices adopted by the group and approved the unaudited interim financial statements for the six months ending June 30, 2021[94] Stock Options and Share Capital - The company has a stock option plan adopted on May 25, 2018, which is valid for ten years and will expire on May 25, 2028[83] - A total of 116,203,500 stock options were granted at an exercise price of HKD 0.066 per share, which was adjusted to HKD 0.66 per share after a share consolidation[86] - The total number of unexercised stock options was adjusted from 116,203,500 to 11,620,350 following the share consolidation[86] - The company aims to attract and retain talented employees through the stock option plan[83] - As of June 30, 2021, a total of 11,122,941 share options remain unexercised, with a total of 52,333,090 options available for issuance under the existing plan authorization limit, representing approximately 10% of the company's issued shares[88]

（股份代號:145 ） 2020 年 報 公司資料 董事會 執行董事 鄭聿恬先生 張國龍先生 庄苗忠先生 獨立非執行董事 蔡曉輝先生 黃立志先生 林右烽先生 審核委員會 蔡曉輝先生 （主席） 黃立志先生 林右烽先生 提名委員會 蔡曉輝先生 （主席） 黃立志先生 林右烽先生 薪酬委員會 蔡曉輝先生 （主席） 黃立志先生 林右烽先生 核數師 國衛會計師事務所有限公司 執業會計師 卓佳登捷時有限公司 香港 皇后大道東183 號 合和中心54 樓 註冊辦事處 香港 北角 蜆殼街9-23 號 秀明中心 7樓D室 股份代號 公司秘書 麥雋永先生 主要往來銀行 中信銀行（國際）有限公司 中國工商銀行 上海浦東發展銀行 香港上海滙豐銀行有限公司 法律顧問 徐沛雄律師行 股份過戶登記處 145 網站 http://www.ccfe.com.hk 信能低碳有限公司 1 二零二零年年報 信能低碳有限公司 二零二零年年報 目 錄 | | 頁次 | | --- | --- | | 管理層討論及分析 | 3 | | 董事履歷詳情 | 11 | | 董事會報告 | 13 | | 企業管治報告 | 26 | | 環境、社會及管治報告 | 4 ...

Financial Performance - The company reported revenue of HKD 644,000 for the six months ended June 30, 2020, a decrease of 96.0% compared to HKD 15,917,000 for the same period in 2019[3]. - Operating loss for the period was HKD 18,786,000, compared to a loss of HKD 12,409,000 in the previous year, reflecting a deterioration of 51.0%[3]. - The net loss attributable to shareholders for the period was HKD 19,798,000, down from HKD 28,122,000 in the prior year, representing a 29.0% improvement[5]. - The group reported a pre-tax loss of HKD 19,798,000 for the six months ended June 30, 2020, compared to a loss of HKD 28,122,000 in the same period of 2019, indicating an improvement of 29.5%[30]. - The company recorded unaudited revenue of approximately HKD 644,000 for the six months ended June 30, 2020, a decrease of about 96.0% compared to approximately HKD 15,917,000 for the same period last year[55]. - The unaudited loss attributable to owners was approximately HKD 19,798,000, a slight improvement from a loss of approximately HKD 28,122,000 in 2019[55]. Assets and Liabilities - Total assets decreased to HKD 128,608,000 as of June 30, 2020, from HKD 150,358,000 at the end of 2019, a decline of 14.5%[6]. - The company’s total equity decreased to HKD 121,599,000 from HKD 143,008,000, a decline of 15.0%[8]. - Total liabilities decreased to approximately HKD 44,113,000 as of June 30, 2020, compared to approximately HKD 47,749,000 as of December 31, 2019[64]. - The net asset value decreased to approximately HKD 121,599,000 as of June 30, 2020, down from HKD 143,008,000 as of December 31, 2019[81]. Cash Flow and Financing - The net cash flow from operating activities was a negative HKD 6,256,000 for the six months ended June 30, 2020, an improvement from a negative HKD 9,550,000 in the same period of 2019, indicating a 34.5% reduction in cash outflow[12]. - The company’s cash and bank balances significantly dropped to HKD 2,353,000 from HKD 11,076,000, a decrease of 78.8%[6]. - Cash and cash equivalents decreased to HKD 2,353,000 as of June 30, 2020, down from HKD 13,581,000 at the beginning of the period, reflecting a 82.7% decline[12]. - The company successfully raised approximately HKD 7,760,000 through the placement of 200,000,000 shares at HKD 0.04 per share after the reporting period[16]. - The company is actively considering various fundraising activities, including rights issues and public offerings, to improve its capital position[16]. Employee and Operational Costs - Total employee costs increased to HKD 5,856,000 from HKD 4,277,000, representing a rise of 37%[27]. - The company paid rent expenses of HKD 240,000 to a shareholder during the six months ended June 30, 2020, compared to HKD 107,000 in 2019[50]. - Total remuneration for key management personnel was HKD 2,641,000 for the six months ended June 30, 2020, compared to HKD 1,664,000 in 2019[51]. Credit Loss and Risk - The company recognized an expected credit loss provision of HKD 8,474,000 for receivables, compared to HKD 715,000 in the previous period, indicating a substantial increase in credit risk[3]. - The company’s expected credit loss provision for finance lease receivables was approximately HKD 11,909,000 as of June 30, 2020, compared to HKD 3,430,000 as of December 31, 2019[40]. - The net expected credit loss provision for accounts receivable recognized during the period was approximately HKD 167,000, a decrease from HKD 770,000 in 2019[43]. Market Conditions and Business Outlook - The decline in revenue was primarily attributed to the COVID-19 pandemic, which halted business activities across China[59]. - The overall market sentiment in the energy-saving industry was poor due to factors including economic slowdown and reduced government subsidies[34]. - Management remains cautious about the business outlook for 2020 due to reduced customer demand and capital expenditure budgets, exacerbated by pandemic-related operational delays[85]. - The global drop in oil prices since early April may significantly impact the group's energy-saving business, as lower energy prices could reduce demand for energy-saving services[85]. Governance and Corporate Structure - The company has not appointed a chairman or chief executive officer, with these roles being jointly performed by executive directors[101]. - The audit committee reviewed the accounting principles and practices adopted by the group and approved the unaudited interim financial statements for the six months ending June 30, 2020[102]. - The company has complied with the corporate governance code, except for the absence of a separate chairman and CEO[97]. - The company plans to review its governance structure regularly and make necessary adjustments[97].

Financial Performance - The company recorded revenue of approximately HKD 41,272,000 for the year ended December 31, 2019, a decrease of about 18.3% from HKD 50,506,000 in the previous year[5]. - The loss attributable to owners for the year was approximately HKD 109,325,000, significantly improved from a loss of HKD 1,371,738,000 in 2018[5]. - The company reported a segment loss of approximately HKD 76,980,000 in the energy-saving solutions business, down from a loss of HKD 1,025,904,000 in 2018[7]. - The company recorded a loss attributable to owners of approximately HKD 109,325,000 for the year ended December 31, 2019, compared to a loss of HKD 1,371,738,000 in 2018[24]. - Gross profit fell to HKD 4,140,000, down 72% from HKD 14,900,000 in the previous year[199]. - Operating loss for the year was HKD 93,565,000, compared to a loss of HKD 1,434,601,000 in 2018, indicating a significant improvement[199]. - The company reported a net loss of HKD 109,325,000 for 2019, a reduction from a loss of HKD 1,371,738,000 in 2018[199]. - Basic and diluted loss per share was HKD 4.26, compared to HKD 59.47 in the previous year, reflecting a substantial decrease in losses per share[199]. - Other comprehensive income for the year was HKD 6,968,000, compared to a loss of HKD 8,911,000 in 2018, indicating a positive shift[199]. - The expected credit loss provision for receivables was HKD 13,042,000, a significant increase from HKD 289,000 in 2018[199]. - The company incurred a loss of HKD 9,800,000 from early repayment of finance lease receivables, which was not present in the previous year[199]. - Administrative and operating expenses decreased to HKD 20,144,000 from HKD 22,047,000 in 2018, showing cost control efforts[199]. - The company recognized an impairment loss on intangible assets of HKD 43,435,000, a decrease from HKD 541,453,000 in 2018, indicating improved asset management[199]. Assets and Liabilities - Total assets decreased to approximately HKD 190,757,000 as of December 31, 2019, compared to HKD 281,240,000 in 2018[13]. - The company held intangible assets of approximately HKD 49,000,000 as of December 31, 2019, down from HKD 101,000,000 in 2018[13]. - Total liabilities decreased significantly to approximately HKD 47,749,000 as of December 31, 2019, compared to HKD 1,162,231,000 in 2018[15]. - The net asset value decreased to approximately HKD 143,008,000 as of December 31, 2019, from a negative net asset value of HKD 880,991,000 in 2018[24]. - The company incurred impairment losses on intangible assets of approximately HKD 43,435,000 for the year, compared to HKD 541,453,000 in 2018[5]. Share Issuance and Debt Management - The company issued 1,418,478,995 shares at a price of HKD 0.8 per share to creditors, corresponding to the repayment of convertible bonds amounting to approximately HKD 945,200,000 and promissory notes of about HKD 127,400,000[18]. - The company plans to use the net proceeds from the share placement for general working capital, repayment of existing debts, and potential future investments[26]. - The plan to settle debts was approved by the court on August 20, 2019, and became effective on August 22, 2019[30]. - The plan's deadline for settlement was set for October 25, 2019[30]. Business Strategy and Market Conditions - The company is actively seeking opportunities in the loan financing and financial investment sectors but has not yet identified suitable prospects[12]. - The company has taken a cautious approach due to economic slowdown, including provisions for expected credit losses totaling HKD 22,842,000[11]. - The company focused on completing projects signed in previous years, affected by various factors including weather conditions and client-related issues[11]. - The company plans to continue exploring business opportunities in the market to facilitate growth[12]. - The company anticipates a decrease in customer demand and capital expenditure budgets due to the negative impacts of the US-China trade war and the pandemic in 2020[32]. - The company aims to improve cash flow by targeting potential customers for project buyouts and exploring secondary sales to existing customers[32]. - The company will continue to seek various funding sources, including project financing, debt financing, and/or equity financing for business development[33]. - The company is facing increasing competition in the energy-saving solutions sector, particularly from small and medium-sized projects[32]. - The company plans to explore the feasibility of developing automated or energy-saving system platforms with relatively low upfront capital deployment[32]. - The company has adopted a cautious outlook for 2020 due to economic uncertainties affecting the operating environment in China[32]. - The company will take necessary measures to mitigate the impact of economic slowdown on its operations[32]. Corporate Governance and Risk Management - The company has established risk management procedures to address all significant risks related to its business operations[134]. - The board is responsible for evaluating the nature and extent of risks the group is willing to take to achieve its strategic objectives[134]. - The internal control and risk management systems are designed to minimize potential losses associated with business risks[136]. - The audit committee has discussed the overall effectiveness of the group's internal control and risk management systems, including financial, operational, and compliance controls[131]. - The company has engaged external consultants to ensure the effectiveness and efficiency of its risk management and internal control systems[136]. - The company has implemented training programs for directors to ensure compliance with corporate governance practices[139]. Environmental and Social Responsibility - The company aims to promote sustainable practices by encouraging employees to use electronic communication to minimize business travel emissions[151]. - The company is committed to balancing its business objectives with environmental management[144]. - The company has implemented energy-efficient solutions through its UPPC system, which optimizes energy efficiency for clients[146]. - The group is committed to using resources efficiently, with electricity and materials being the primary resources utilized this year[154]. - The group has not identified any significant non-compliance incidents related to employment and labor standards laws and regulations this year[159]. - The group emphasizes employee development through onboarding training, on-the-job training, and external training programs[163]. - The group maintains high standards of health and safety, fully complying with all relevant regulations this year[160]. - The group encourages work-life balance and organizes annual events to enhance employee satisfaction[158]. - The group has established non-discrimination policies to ensure equal opportunities for all employees regardless of gender, ethnicity, or religion[156]. - The group is committed to community investment and encourages employee participation in community and charitable activities[171]. Audit and Compliance - The auditor, KPMG, will be proposed for reappointment at the upcoming annual general meeting[94]. - The audit committee is responsible for overseeing the financial reporting process of the company[192]. - The auditor's report is addressed to the shareholders and is not intended for any other purpose[193]. - The auditor's goal is to obtain reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[193]. - The audit process involves identifying and assessing risks of material misstatement and designing audit procedures to address those risks[195]. - The auditor evaluates the appropriateness of accounting policies adopted by the directors and the reasonableness of accounting estimates and related disclosures[195]. - The auditor must communicate with the audit committee regarding significant audit findings, including any major deficiencies in internal control identified during the audit[194]. - The auditor assesses the overall presentation, structure, and content of the consolidated financial statements, ensuring they fairly reflect relevant transactions and events[195]. - The company must disclose any significant uncertainties that may cast doubt on its ability to continue as a going concern[195]. - The auditor's report must include a statement confirming compliance with ethical requirements regarding independence[196].

Financial Performance - For the six months ended June 30, 2019, the company reported revenue of HKD 15,917,000, a significant increase of 149% compared to HKD 6,387,000 for the same period in 2018[8]. - Operating costs for the same period were HKD 14,093,000, up from HKD 4,701,000, leading to a gross profit of HKD 1,824,000, which is a slight increase from HKD 1,686,000[8]. - The company incurred a pre-tax loss of HKD 28,764,000, an improvement from a loss of HKD 96,731,000 in the previous year, indicating a reduction in losses by approximately 70%[8]. - The net loss for the period was HKD 28,122,000, compared to HKD 84,031,000 in the same period last year, reflecting a year-over-year decrease of about 67%[8]. - The company reported a basic and diluted loss per share of HKD 1.22, an improvement from HKD 3.64 in the previous year[10]. - The company reported a decrease in cash and cash equivalents to HKD 13,581,000 as of June 30, 2019, down from HKD 33,091,000 in the previous year[19]. - The net cash flow used in operating activities was HKD (9,550,000) for the six months ended June 30, 2019, compared to HKD (26,971,000) in the same period of 2018[19]. - The company has incurred a total comprehensive loss of HKD 27,434,000 for the six months ended June 30, 2019[24]. - The company reported a decrease in employee costs to HKD 4,277,000 for the six months ended June 30, 2019, down 22.0% from HKD 5,490,000 in the same period of 2018[62]. Assets and Liabilities - The company's total assets as of June 30, 2019, were HKD 200,278,000, down from HKD 211,082,000 at the end of 2018[12]. - Current liabilities increased to HKD 1,165,331,000 from HKD 1,147,081,000, indicating a rise in financial obligations[12]. - As of June 30, 2019, the company recorded net current liabilities of approximately HKD 1,094,026,000, slightly up from HKD 1,076,923,000 as of December 31, 2018[24]. - The company has outstanding convertible bonds amounting to approximately HKD 945,158,000, which have been reclassified to current liabilities due to cross-default clauses[24]. - The company’s total equity decreased to HKD 420,623,000 as of June 30, 2018, from HKD 501,819,000 as of January 1, 2018[24]. - The capital debt ratio as of June 30, 2019, was 624%, an increase from 561% as of December 31, 2018[100]. - The group had a net debt of approximately HKD 908,425,000 as of June 30, 2019, compared to HKD 880,991,000 as of December 31, 2018[99]. Revenue Segments - Revenue from energy-saving solutions increased to HKD 14,279,000 in the six months ended June 30, 2019, compared to HKD 6,101,000 in the same period of 2018, representing a growth of 134%[58]. - Total customer contract revenue for the six months ended June 30, 2019, was HKD 14,759,000, up from HKD 6,387,000 in 2018, marking an increase of 131%[58]. - Revenue from financing leases under energy-saving solutions was HKD 1,158,000, which was not reported in the previous year[58]. - Revenue from external customers in China was HKD 15,917,000 for the six months ended June 30, 2019, compared to HKD 6,387,000 in 2018, reflecting a growth of 149%[56]. Financial Restructuring and Fundraising - The company is actively considering fundraising activities, including rights issues and public offerings, to raise new capital[25]. - The company received court approval for a plan to settle and discharge all liabilities under issued convertible bonds and promissory notes, with the effective date expected to be August 30, 2019[26]. - The company is seeking a court order to address liabilities related to convertible bonds and promissory notes, indicating ongoing financial restructuring efforts[90]. - The company plans to execute a scheme to settle approximately HKD 945.2 million in convertible bonds and HKD 127.4 million in promissory notes, significantly improving its financial condition and attracting potential investors[111]. Operational Challenges and Strategies - The company is focusing on reducing operational losses and improving financial performance in the upcoming periods[8]. - The company is implementing cost control measures to generate sufficient cash flow from operations, indicating significant uncertainty regarding its ability to continue as a going concern[27]. - There are major uncertainties that may affect the company's ability to realize assets and settle liabilities in the normal course of business[29]. - The company may face challenges in obtaining additional financing when needed[30]. - The company may not successfully implement its cost control operational plans, which depend on a challenging market environment[30]. - The group faced challenges in the energy-saving business due to factors such as economic slowdown in China and increased competition[95]. Governance and Compliance - The company has applied the principles of the Corporate Governance Code as per the listing rules, with some deviations noted[128]. - The audit committee reviewed the accounting principles and practices adopted by the group and approved the unaudited interim financial statements for the six months ending June 30, 2019[131]. - The company confirmed that all directors complied with the standards set out in the code of conduct for securities transactions throughout the review period[130]. Stock Options and Share Capital - The company has a stock option plan adopted on May 25, 2018, which is valid for ten years and allows the board to grant options to eligible participants[121]. - The maximum number of shares that can be issued upon exercise of options is capped at 30% of the company's issued share capital[124]. - As of June 30, 2019, the number of unexercised options available under the existing plan was 230,650,281, representing 10% of the issued shares[124]. - The company’s issued and fully paid share capital remained at HKD 1,344,398,000 with 2,306,502 thousand shares as of June 30, 2019[83].