Financial Performance - For the six months ended June 30, 2022, the Group recorded a turnover of approximately HK$7.43 million, representing a decrease of approximately 44% compared to HK$13.34 million in the corresponding period last year[16]. - Net loss attributable to shareholders was approximately HK$3.04 million for the reporting period, compared to a net profit of approximately HK$2.84 million in the same period last year[17]. - Loss per share was approximately 0.27 HK cents for the six months ended June 30, 2022, compared to a profit per share of approximately 0.25 HK cents in the previous year[18]. - Revenue from hotel operations decreased by approximately 53% to HK$5.03 million for the six months ended June 30, 2022, down from HK$10.68 million in the corresponding period of 2021[32]. - The Group recorded a share of loss from its interest in Fuzhou Harmony Piano of approximately HK$0.67 million due to declining market sales and rising manufacturing costs[39]. - The loss for the period was HKD 3,042,230, compared to a profit of HKD 2,838,600 in the previous year[188]. - Total comprehensive expense for the period was HKD 4,842,312, compared to a total comprehensive income of HKD 4,927,092 in the same period last year[191]. Asset and Liquidity Management - Net assets decreased by approximately HK$4.85 million to approximately HK$424.82 million as of June 30, 2022, compared with HK$429.67 million as of December 31, 2021[17]. - As of June 30, 2022, the Group had a net cash balance of approximately HK$43.78 million, down from HK$49.52 million as of December 31, 2021[44]. - The liquidity ratio as of June 30, 2022, was 4.26, down from 4.83 as of December 31, 2021[44]. - Cash and cash equivalents at the end of the period were HKD 43,782,805, down from HKD 49,520,268 at the beginning of the period[194]. - Current liabilities totaled HKD 10,697,963, compared to HKD 10,693,113 at the end of the previous year[190]. Hotel Operations and Market Conditions - The hotel occupancy rate dropped to 17% from 44% in the previous year, indicating a significant decline in demand[11]. - The average daily rate of hotel decreased to HK$287 from HK$326 year-on-year[11]. - The average occupancy rate for the Group's hotels was approximately 17%, representing a decrease of 61% compared to 44% in the same period last year[33]. - The average daily rate (ADR) for hotel rooms was approximately RMB287, which is a decrease of 12% from RMB326 in the corresponding period of 2021[33]. - Accommodation revenue from star-rated hotels was approximately HK$2.06 million, representing a decrease of approximately 67% over the corresponding period of 2021[35]. - Catering revenue generated approximately HK$2.16 million, representing 43% of hotel business turnover, an increase of 10 percentage points from 33% in the same period last year[37]. - The hotel operating income has declined periodically due to the local spread of the epidemic, with customer source accounting for 46% of the total, down 5 percentage points from 51% in the same period last year[37]. - The outlook for the commercial property market remains uncertain due to weak demand and ongoing pressure on rental rates[39]. Strategic Initiatives and Future Outlook - The Group aims to leverage its advantages in Fujian Province to enhance its long-term competitiveness in the tourism-related industries[20]. - The overall situation of the hotel industry is improving as the ability to respond to the epidemic enhances with the normalization of epidemic prevention and control in China[20]. - The Group plans to actively promote reform and integration to improve its internal impetus and long-term competitiveness for sustainable development[20]. - The Group aims to revitalize and optimize its asset management in Hong Kong to improve efficiency and release value[22]. - The Group is focusing on integrating hotel resources, cultural tourism, and equity investment to establish a core business industry chain and enhance competitiveness[22]. - The Group aims to improve operational efficiency through strict cost control measures to minimize adverse impacts from the epidemic[37]. - The Group plans to adopt a market-oriented incentive mechanism to seek new breakthroughs in cultural and tourism-related industries[47]. Corporate Governance and Management - The Company has adopted the Model Code for Securities Transactions as its code of conduct for Directors[78]. - The Company has a strong management team with extensive experience in finance and operational management[88]. - The Board comprises a total of nine Directors, including three Executive Directors, three Non-executive Directors, and three Independent Non-executive Directors[105]. - The Company has fully complied with the Corporate Governance Code provisions throughout the six months ended 30 June 2022[105]. - The internal audit team monitors compliance with policies and procedures, ensuring the effectiveness of risk management and internal control systems[129]. - The Audit Committee has reviewed the interim results and the interim report for the six months ended June 30, 2022[133]. - The Company has established measurable objectives for implementing the Board Diversity Policy and monitors progress towards these objectives[139]. Employee and Shareholder Information - As of June 30, 2022, the Group employed approximately 126 employees in Hong Kong and Xiamen, with remuneration based on performance and market rates[75]. - The Group operates a Mandatory Provident Fund (MPF) Scheme for all its employees in Hong Kong, with contributions based on a percentage of employees' salaries[181]. - As of June 30, 2022, at least 25% of the Company's total issued share capital was held by the public[182]. - The total contributions made by the Group to the retirement benefit plans during the review period are charged to the consolidated income statement[181].

Financial Performance - Revenue for the year ended December 31, 2021, was HK$23,427,000, a decrease of 8.8% from HK$25,689,000 in 2020[9] - Profit before tax increased to HK$2,683,000, up 142.5% from HK$1,108,000 in the previous year[9] - Profit for the year attributable to owners of the Company was HK$3,641,000, representing an increase of 79.7% compared to HK$2,027,000 in 2020[9] - Earnings per share for the year was HK$0.32, an increase of 77.8% from HK$0.18 in 2020[12] - Profit for the year attributable to owners of the Company increased by 79.63% to HK$3.64 million compared to HK$2.03 million in 2020[24] Assets and Liabilities - Total assets as of December 31, 2021, were HK$441,761,000, a slight increase from HK$439,508,000 in 2020[10] - Total liabilities decreased to HK$12,100,000 from HK$16,604,000 in 2020, indicating improved financial health[10] - The company reported a net asset value of HK$429,661,000 as of December 31, 2021, compared to HK$422,904,000 in 2020[10] - The net asset value of the Group was approximately HK$429.66 million as of December 31, 2021, up from HK$422.91 million in 2020[51] - The liquidity ratio was 4.83 as of December 31, 2021, compared to 4.16 in 2020[51] Revenue Breakdown - Accommodation revenue from star-rated hotel operations increased by approximately 7.37% to HK$10.18 million compared to the previous year[36] - The turnover from hotel operations was approximately HK$18.28 million, representing a decrease of approximately 2.19% from HK$18.69 million in 2020[29] - Catering revenue accounted for 33% of total revenue, amounting to HK$6.04 million, down from 37% in the previous year[35] - Rental revenue contributed 8% to total revenue, totaling HK$1.39 million, compared to 9% in the previous year[35] - Catering revenue reached approximately HK$6.04 million, representing about 33% of the hotel operation's turnover[39] Operational Challenges - Hotel accommodation revenue is significantly impacted by rising operational costs and COVID-19, with conference-related customers accounting for 54.15% of total clients[39] - The hotel occupancy rate decreased by 13.14% to 36.56% from 42.09% in 2020[33] - The Group is implementing cost-saving measures and minimizing cash spend to maintain financial stability during the pandemic[27] Management and Strategy - The Group plans to focus on investment management and operational management for continuous value-based growth[45] - The Group aims to strengthen and optimize its management team and seek breakthroughs in tourism-related business areas[47] - The Group will promote the integration of resources and diversify income sources to enhance overall asset return and enterprise value[47] - The Group aims to enhance management efficiency and optimize internal processes to drive future growth[48] - The Group plans to leverage opportunities from state-owned enterprise reforms to strengthen its management team and diversify revenue sources[49] Governance and Compliance - The Company continues to focus on compliance and governance standards as part of its operational strategy[80] - The Group maintained compliance with all relevant PRC laws and regulations regarding occupational health and safety during the reporting period[147] - The Board is unaware of any non-compliance with laws and regulations that significantly impact the Group's business and operations during the year[170] Shareholder Information - As of December 31, 2021, the total share capital of the Company was HK$898,839,029, divided into 1,145,546,000 ordinary shares[50] - The Group's share capital consisted of 1,145,546,000 ordinary shares as of December 31, 2021[138] - The register maintained by the Company shows that certain substantial shareholders had interests or short positions in the shares of the Company, with some holding 5% or more of the nominal value of any class of share capital[198] Directors and Management Experience - Ms. Chen Danyun has over 30 years of experience in international trade, corporate management, and investment management[84] - Mr. Chen Yang has approximately 30 years of experience in finance management and has held various management positions[86] - Mr. Wang Ruilian has over 35 years of experience in management and finance, previously serving as an executive director and general manager[94] - Ms. Weng Weijian has over 25 years of experience in risk management, accounting, and financial management[96] - The Company has a diverse board with extensive experience in finance, management, and corporate strategies[93] Risk Management - The Group identified key risks including economic downturns, operational challenges, regulatory compliance, and financial risks that could affect its business prospects[154] - The Group emphasizes the importance of maintaining good relationships with stakeholders, including customers, suppliers, and employees, to ensure sustainable business growth[167] - The Group is committed to sustainable operations while balancing the interests of various stakeholders, including customers, suppliers, and employees[168] Dividend and Financial Policies - The Group did not recommend the payment of a dividend for the year ended December 31, 2021[78] - The Directors do not recommend the payment of a dividend for the year ended December 31, 2021[119] - The Group did not have any outstanding bank loans or other borrowings as of December 31, 2021[54]

■ FUJIAN HOLDINGS LIMITED - 港 控 股 有 限 公 司 ． NE (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司） Stock Code 股份代號：181 2021 中期報告 INTERIM REPORT ● o + + and + + + + CONTENTS 目 錄 Corporate Information 公司资料 Financial Summary 財務摘要 Chairman's Statement 主席報告 Management Discussion and Analysis 管理層討論與分析 Biographies of Directors and Senior Management 董事及高級管理人員履歷 Corporate Governance Report 企業管治報告 Directors' Report 董事報告 Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive I ...

FUJIAN HOLDINGS LIMITED 港 控 股 有 限 公 司 E (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) Stock Code 股份代號：181 Annual Report 年報 2020 Contents 目錄 閩港控股有限公司 二零二零年報 001 02 Corporate Information 公司資料 04 Financial Summary 財務摘要 08 Chairman's Statement 主席報告 10 Management Discussion and Analysis 管理層討論與分析 19 Directors' Biography 董事簡歷 24 Directors' Report 董事報告 Corporate Governance Report 企業管治報告 38 Independent Auditors' Report 獨立核數師報告 65 72 Consolidated Statement of Profit or Loss and Other Comprehensive ...

FUJIAN HOLDINGS LIMITED 控 股 有 限 公 司 港 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) Stock Code 股份代號：181 INTERIM REPORT 中期報告 2020 02 Corporate Information 公司資料 04 Financial Summary 財務摘要 05 Chairman's Statement 主席報告 Management Discussion and Analysis 管理層討論與分析 07 Biographies of Directors and Senior Management 董事及高级管理人員履歷 16 Corporate Governance Report 企業管治報告 21 Directors' Report 董事報告 32 37 Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income 簡明綜合中期損益及其他全 ...

FUJIAN HOLDINGS LIMITED 脚 港 控 股 有 限 公 司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) Stock Code 股份代號 : 181 / Annual Report 2019 年 報 CONTENTS 目 錄 Corporate Information 02 公司資料 | --- | --- | |-------|----------------------------------------------------------------------------| | | | | | Financial Summary 04 財務摘要 | | | Chairman's Statement 08 主席報告 | | | Management Discussion and Analysis 10 管理層討論與分析 | | | Directors' Biography 18 董事簡歷 | | | Directors' Report 23 董事報告 | | | Corporate Governan ...

FUJIAN HOLDINGS LIMITED 脚 港 控 股 有 限 公 司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) Stock Code 股份代號:181 INTERIM 中国 報 書 CONTENTS Corporate Information 02 公司資料 Financial Summary 04 財務摘要 Chairman's Statement 05 主席報告 Management Discussion and Analysis 07 管理層討論與分析 Biographies of Directors and Senior Management 15 董事及高級管理人員履歷 Corporate Governance Report 20 企業管治報告 Directors' Report 31 董事報告 Condensed Consolidated Interim Statement of 36 簡明綜合中期損益及其他全面收益表 Profit or Loss and Other Comprehensive I ...

FUJIAN HOLDINGS LIMITED 脚 港 控 股 有 限 公 司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) Stock Code 股份代號 : 181 Annual Report 年報 2018 Contents 目 錄 Corporate Information 02 公司資料 Financial Summary 04 財務摘要 Chairman's Statement 08 主席報告 Management Discussion and Analysis 10 管理層討論與分析 Directors' Biography 19 董事簡歷 Directors' Report 24 董事報告 Corporate Governance Report 38 企業管治報告 Independent Auditors' Report 65 獨立核數師報告 Consolidated Statement of Profit or Loss and 72 Other Comprehensive Income 綜合損益及其他全面 ...