New Century Group Hong Kong Limited 新 港 有 限 公 司 世 紀 集 團 香 (Stock Code 股份代號 : 234 ) INTERIM REPORT 中 期 報 & 8 l F a Poo a E 15 日 Contents Corporate Information 2 公司資料 Management Discussion and Analysis 4 管理層討論與分析 Corporate Governance and Other Information 19 企業管治及其他資料 Independent Review Report 25 獨立審閱報告 Interim Condensed Consolidated Statement of Profit or Loss 27 中期簡明綜合損益表 Interim Condensed Consolidated Statement of Comprehensive Income 29 中期簡明綜合全面收益表 Interim Condensed Consolidated Statement of Financial Pos ...

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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 * （於百慕達註冊成立之有限公司） （股份代號：234） 中期業績 截至二零二四年九月三十日止六個月 新世紀集團香港有限公司（「本公司」）之董事會（「董事會」）欣然宣佈本公司及其附 屬公司（「本集團」）截至二零二四年九月三十日止六個月之未經審核簡明綜合中期 業績。 中期簡明綜合損益表 截至二零二四年九月三十日止六個月 | --- | --- | --- | --- | |--------------------------------------------------------|-------|-----------------------------|---------------------------| | | | 二零二四年 \n（未經審核） | 二零二三年 \n（未經審核） | | | 附註 | 千港元 | 千港元 | | 持續經營業務 | | | | | 收入 | 5 | 48,697 ...

Financial Performance - The Group's revenue increased by 10.3% to HK$88,291,000 for the year ended 31 March 2024, compared to HK$80,068,000 in 2023[15] - Profit for the year from continuing operations was HK$25,700,000, an increase from HK$16,900,000 in 2023[22] - Profit attributable to owners of the Company was HK$22,400,000, recovering from a loss of HK$36,900,000 in the previous year[22] - Earnings per share improved to HK$0.39, compared to a loss of HK$0.64 in 2023[22] - The Group recorded fair value gains of HK$74,000 on listed equity investments, a turnaround from fair value losses of HK$13,578,000 in the previous year[15] - The Group recorded a profit attributable to owners of HK$22,413,000 for the year, marking a turnaround from previous losses[28] Income Sources - Interest income from the money lending business was HK$72,744,000, up from HK$72,491,000 in the previous year[15] - Other income rose significantly to HK$15,434,000, compared to HK$7,386,000 in 2023, primarily due to an increase in bank interest income[15] - The increase in revenue by HK$8,223,000 was primarily due to the turnaround in fair value losses on listed equity investments[15] Property and Investment Performance - Average occupancy rate reached a stable level of 96.9% across the Hong Kong and Singapore markets, despite challenging economic conditions[27] - Fair value gains from Singapore properties amounted to HK$23,280,000, highlighting the advantages of the Group's diversified property portfolio[27] - The property investment segment turned around from a loss of HK$389,000 last year to a profit of HK$21,644,000 for the Year[76] - The Group's investment properties achieved an average occupancy rate of 96.9% (2023: 99.5%) with an average annual rental yield of 2.8% (2023: 2.8%) for the Year[76] Impairment and Risk Management - The Group recognized a net provision for impairment losses of HK$12,405,000 on loan and interest receivables, a significant increase from HK$2,794,000 in the previous year[39] - Impairment losses on mortgage loans were recorded at HK$12,623,000 due to a decrease in collateral market value and an increase in default cases[39] - The number of residential mortgage loans in negative equity quadrupled from 6,379 to 32,073 in the first quarter of 2024, the highest since Q1 2004[49] - The Group will monitor property market trends and collateral valuations to mitigate risks associated with declining property prices[105] Lending Business - The Group plans to cautiously expand its lending business in response to anticipated economic recovery while maintaining rigorous risk management practices[29] - The Group granted 40 mortgage loans totaling HK$255,960,000 in 2024, down from 53 loans totaling HK$334,560,000 in 2023[59] - The number of mortgage loan customers decreased slightly from 115 in 2023 to 114 in 2024, with total receivables of HK$715,029,000[60] - The Group focuses on lending and leasing transactions with quality clients, ensuring adequate collateral to mitigate financial loss risks from defaults[137] Economic Conditions and Outlook - The outlook for interest rates adds uncertainty to the property market recovery and mortgage affordability in Hong Kong[28] - The Group's resilience during the economic downturn is expected to lay a solid foundation for future growth in the lending and property sectors[29] - The Group's performance is closely linked to the economic conditions and property market dynamics in Hong Kong, with potential economic downturns posing risks to mortgage loan growth[133] Governance and Management - The Board has established three committees to oversee specific aspects of the Group's affairs, ensuring effective governance and resource allocation[85] - The Group's management has identified no significant areas of concern affecting the operation of the money lending business through regular internal control reviews[135] - The management will continue to closely review the Group's financial resources in a cautious manner[128] Discontinued Operations - The Group decided to discontinue its cruise ship charter service business in March 2023, classifying it as a discontinued operation[159] - On April 28, 2023, the Group sold Kingston Maritime Limited (KML) for S$7,650,000 (approximately HK$44,982,000), which included the entire issued share capital and a shareholder's loan[159] - The Group recorded a gain of approximately HK$9,834,000 from the disposal of the subsidiary[159] - After the disposal, the loss from the discontinued operation of cruise ship charter services significantly decreased to HK$531,000 for the year, compared to HK$60,743,000 in 2023[159]

Financial Performance - For the fiscal year ending March 31, 2024, the total revenue increased to HKD 88,291,000 from HKD 80,068,000, representing a growth of approximately 15.4%[3] - The net profit for the year was HKD 34,991,000, a significant recovery from a loss of HKD 43,888,000 in the previous year[5] - The profit from continuing operations increased to HKD 25,688,000, compared to HKD 16,855,000 in the prior year, marking a growth of about 52.5%[4] - The company reported a significant loss from discontinued operations of HKD 531,000, compared to a loss of HKD 60,743,000 in the previous year, indicating improved performance in this segment[4] - The company reported a pre-tax profit from continuing operations of HKD 28,631,000, an increase from HKD 26,077,000 in 2023, representing a growth of 9.8%[28] - The company recorded a profit attributable to owners of HKD 22,413,000, a turnaround from a loss of HKD 36,866,000 in the previous year, mainly due to reduced losses from discontinued operations and increased fair value gains from investment properties[67] Revenue Breakdown - Total revenue for the year 2024 reached HKD 88,733,000, an increase of 9.4% compared to HKD 80,913,000 in 2023[22] - Interest income from mortgage and unsecured personal loans was HKD 72,744,000, slightly up from HKD 72,491,000 in the previous year[26] - Rental income from investment properties totaled HKD 15,288,000, down from HKD 15,530,000 in 2023, reflecting a decrease of 1.6%[26] - Total revenue increased by 10.3% to HKD 88,291,000, driven by interest income from lending business of HKD 72,744,000 and rental income from property investment of HKD 15,288,000[61] Asset and Liability Management - Total assets as of March 31, 2024, amounted to HKD 1,279,760,000, compared to HKD 1,177,215,000 in the previous year, reflecting an increase of approximately 8.7%[6] - The total assets of the company amounted to HKD 2,036,187,000, down from HKD 2,081,374,000 in the previous year[23] - The total liabilities decreased to HKD 134,262,000 in 2024 from HKD 201,900,000 in 2023, a reduction of 33.5%[23] - The company maintained a rigorous control over overdue receivables, with total receivables from leasing increasing to HKD 1,242,000 in 2024 from HKD 357,000 in 2023[43] - The total receivables from loans and interest decreased to HKD 741,494,000 in 2024 from HKD 827,996,000 in 2023, with a provision for impairment losses increasing to HKD 16,978,000[46] Impairment and Credit Risk - The company reported a net impairment loss on loans and interest of HKD 12,405,000, up from HKD 2,794,000 the previous year, indicating increased credit risk[3] - The company recognized impairment losses of HKD 12,623,000 for mortgage loans and HKD 25,559,000 for collateral assets due to adverse market conditions[56] - The total amount of receivables classified as defaulted (Stage 3) reached HKD 95,787,000, with an impairment provision of HKD 13,824,000[49] - The lending division recorded a significant profit decrease of 62.1% to HKD 20,766,000 (2023: HKD 54,730,000) due to impairment losses on collateral assets totaling HKD 25,559,000 (2023: HKD 1,941,000)[73] Investment Properties - The fair value gain on investment properties was HKD 10,149,000, a recovery from a loss of HKD 12,292,000 in the previous year[3] - The group achieved a net fair value gain of HKD 10,149,000 from investment properties (2023: fair value loss of HKD 12,292,000)[76] - The company achieved a fair value gain of HKD 23,280,000 from properties in Singapore, highlighting the advantages of its diversified property portfolio[56] Business Operations and Strategy - The company plans to continue its market expansion and product development strategies, although specific figures were not disclosed in the earnings report[9] - The group has three reportable operating segments: lending, property investment, and securities trading[19] - The lending segment provides mortgage and unsecured personal loans, while the property investment segment focuses on high-quality office units and commercial properties with rental income potential[19] - The group assesses segment performance based on adjusted profit or loss before tax, excluding bank interest income and certain corporate expenses[17] Employee and Administrative Expenses - Administrative and operating expenses rose to HKD 46,731,000 from HKD 44,104,000, mainly due to an increase in employee benefits expenses by HKD 1,959,000 and overseas travel expenses by HKD 417,000[63] - The group recorded employee benefit expenses of HKD 22,663,000 for the year, an increase of 9.5% from HKD 20,704,000 in the previous year[93] - The group has 32 employees as of March 31, 2024, compared to 31 employees in the previous year[93] Discontinued Operations - The company terminated its cruise leasing service business in March 2023 and sold its indirect non-wholly owned subsidiary KML, completing the sale on April 28, 2023[32] - For the year ended March 31, 2024, the terminated business reported revenue of HKD 705,000, a decrease of 74.3% from HKD 2,746,000 in the previous year[33] - The loss from the terminated business for the year was HKD 531,000, compared to a loss of HKD 60,743,000 in the previous year, indicating a significant improvement[33] - The company recognized a gain of HKD 9,834,000 from the sale of the subsidiary, contributing positively to the overall financial results[33] Risk Management - The group focuses on lending to high-quality clients and conducts due diligence to mitigate credit risk[89] - The group actively monitors property market trends and collateral valuations to manage risks associated with mortgage loans[89] - The group plans to maintain rigorous risk management practices and cautiously expand its lending business in response to expected economic recovery[59] Compliance and Governance - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and are reported in Hong Kong dollars (HKD), with amounts rounded to the nearest thousand[10] - The group complies with all corporate governance codes as per the Hong Kong Stock Exchange listing rules[99] - The group does not fall under the scope of the OECD's Pillar Two model rules, thus the recent amendments regarding international tax reform have no impact on the group[16]

2023 中期報告 INTERIM REPORT 2023 中期報告 INTERIM REPORT 目錄 Contents | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Management Discussion and Analysis | 4 | | 管理層討論與分析 | | | Corporate Governance and Other Information | 21 | | 企業管治及其他資料 | | | Independent Review Report | 29 | | 獨立審閱報告 | | | Interim Condensed Consolidated Statement of Profit or Loss | 31 | | 中期簡明綜合損益表 | | | Interim Condensed Consolidated Statement of Comprehensive Income | 32 | | 中期簡明綜合全面收益表 | | | Interim Condensed Consolidated Statement of ...

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,概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 | * | |----------------------------------------------------------------------------| | (於百慕達註冊成立之有限公司) | | (股份代號:234) | | 中期業績 | | 截至二零二三年九月三十日止六個月 | | 新世紀集團香港有限公司(「本公司」)之董事會(「董事會」)欣然宣佈本公司及其附 | | 屬公司(「本集團」)截至二零二三年九月三十日止六個月之未經審核簡明綜合中期 | | | | | 截至二零二三年九月三十日止六個月 | | | 二零二三年 | 二零二二年 | |------------------------------|------|----------------|--------------| | | | (未經審核) | (未經審核) | | | 附註 | 千港元 | 千港元 | | | | | ...

年 報 2023 ANNUAL REPORT 目錄 Contents | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Group Structure | 4 | | 集團架構 | | | Key Financial Highlights | 5 | | 重要財務撮要 | | | Chairman's Statement | 7 | | 主席報告書 | | | Management Discussion and Analysis | 10 | | 管理層討論與分析 | | | Corporate Governance Report | 27 | | 企業管治報告 | | | Environmental, Social and Governance Report | 52 | | 環境、社會及管治報告 | | | Report of the Directors | 78 | | 董事會報告 | | | Independent Auditor's Report | 97 | | 獨立核數師報告 | | | Consolidated Statement ...

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,概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 (於百慕達註冊成立之有限公司) (股份代號:234) 截至二零二三年三月三十一日止年度 之業績公佈 * 新世紀集團香港有限公司(「本公司」)之董事會(「董事會」)欣然公佈本公司及其附 屬公司(「本集團」)截至二零二三年三月三十一日止年度之經審核綜合業績,連同 去年之比較數字如下: 綜合損益表 截至二零二三年三月三十一日止年度 | | | 二零二三年 | 二零二二年 | |--------------------------------------|------|----------------|--------------| | | 附註 | 千港元 | 千港元 | | | | | (經重列) | | 持續經營業務 | | | | | 收入 | 5 | 80,068 | 80,741 | | 其他收入 | 5 | 7,386 | 796 | | 行政及經營開支 | | (44,104) | (41,86 ...

New Century Group Hong Kong Limited 新 世 紀 集 團 香 港 有 限 公 司 (Stock Code 股份代號 : 234 ) INTERIM REPORT 2 期 報 告 中 Contents 目錄 | --- | --- | |-------------------------------------------------------------------------------|-------| | | | | Corporate Information 公司資料 | 2 | | Management Discussion and Analysis 管理層討論與分析 | 4 | | Corporate Governance and Other Information 企業管治及其他資料 | 20 | | Independent Review Report 獨立審閱報告 | 29 | | Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 | 31 | | Condensed Consolidate ...