Core Viewpoint - Yonghe Intelligent Control's proposed change of control has been terminated due to the failure of the counterparty to fulfill payment obligations, marking the third failed attempt at a change of control since Cao Delin became the actual controller [1][2]. Group 1: Control Transfer Details - On August 5, 2023, Cao Delin signed a share transfer agreement to sell approximately 35.66 million shares (8% of total shares) to Hangzhou Runfeng for about 320 million yuan at a price of 8.9736 yuan per share [2]. - The agreement was automatically invalidated and terminated due to Hangzhou Runfeng's failure to pay the initial transfer amount of 20.0015 million yuan by the agreed deadline [2]. - The voting rights entrusted to Hangzhou Runfeng by Cao Delin and Xia Zuwang were also rendered void following the termination of the share transfer agreement [2]. Group 2: Historical Context of Control Changes - Yonghe Intelligent Control was established in 2003 and went public in April 2016, originally controlled by Ying Xueqing and Chen Xianyun [4]. - The first change of control occurred in November 2019 when Chengdu Meihua Shengxin Medical Technology became the indirect controlling shareholder, with Cao Delin becoming the new actual controller [4]. - In November 2022, Cao Delin planned to transfer all his shares (approximately 60.47 million shares, 19.58% of total shares) to Huzhou Hecheng Equity Investment, but the plan was terminated within a month [5]. Group 3: Financial Performance and Legal Issues - Yonghe Intelligent Control has faced declining financial performance, with revenues of 948 million yuan, 823 million yuan, and 149 million yuan for 2023, 2024, and Q1 2025 respectively, and net losses of 156 million yuan, 297 million yuan, and 20 million yuan for the same periods [7]. - The company anticipates a loss of 30 million to 56 million yuan in the first half of 2025, compared to a loss of 56.23 million yuan in the same period last year [7]. - The company has also disclosed ongoing litigation and arbitration matters totaling 64.83 million yuan, exceeding 10% of the latest net assets [7].

ARTA TECHFIN CORPORATION LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code: 279) N O T I F I C AT I O N L E T T E R Dear Non-Registered Shareholders (Note 1) , ARTA TECHFIN CORPORATION LIMITED (the "Company") – Notice of Publication of Annual Report (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ("HKEX") a ...

ARTA TECHFIN CORPORATION LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code: 279) N O T I F I C AT I O N L E T T E R 31 July 2025 Dear Registered Shareholders, ARTA TECHFIN CORPORATION LIMITED (the "Company") – Notice of Publication of Annual Report (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ("HKEX") at ...

Contents | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 4 | Management Discussion and Analysis | 管理層討論及分析 | | 13 | Biographical Details of Directors | 董事履歷詳情 | | 18 | Corporate Governance Report | 企業管治報告 | | 38 | Environmental, Social and Governance Report | 環境、社會及管治報告 | | 71 | Report of the Directors | 董事會報告 | | 86 | Independent Auditor's Report | 獨立核數師報告 | | 96 | Consolidated Statement of Profi t or Loss | 綜合損益表 | | 98 | Consolidated Statement of Comprehensive Income | 綜合全面收入報表 | | 99 | Consol ...

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 對 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。 ARTA TECHFIN CORPORATION LIMITED 裕承科金有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：279） 截至二零二五年三月三十一日止年度之 全年業績公告 全年業績 裕承科金有限公司（「本 公 司」）之董事會（「董 事 會」）宣佈本公司及其附屬公司（統 稱 為 「本 集 團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 經 審 核 綜 合 業 績 如 下： 綜合損益表 截至二零二五年三月三十一日止年度 | | | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | --- | --- | | | | 附 | 註 | 港幣千元 | 港幣千元 | | 收 益 | ...

Revenue Performance - Revenue from the insurance brokerage business surged by 1,200.0% to approximately HK$2.6 million from approximately HK$0.2 million during the corresponding period in 2023[2]. - Revenue for the six months ended September 30, 2024, increased to HK$20,377,000, representing a 227.6% increase compared to HK$6,221,000 in the same period of 2023[116]. - The total segment revenue from external customers for the insurance brokerage business was HK$2,583,000, while the wealth management and consultancy services generated HK$6,485,000[183]. - The asset management and consultancy services business saw substantial revenue growth, with increases of 2,307.5% and 976.3%, respectively[123]. - The company reported a significant increase in revenue and other income of approximately HK$13,000,000 due to improved performance in asset management and wealth management services[122]. Financial Position - As of 30 September 2024, the Group's total assets were approximately HK$119 million, with a minority investment in GFO-X representing approximately 0.21% of total assets[4]. - Total non-current liabilities decreased from HK$40,406,000 as of March 31, 2024, to HK$7,453,000 as of September 30, 2024[52]. - Net assets decreased from HK$76,829,000 as of March 31, 2024, to HK$57,532,000 as of September 30, 2024[52]. - Total current assets decreased from HK$101,805,000 as of March 31, 2024, to HK$81,858,000 as of September 30, 2024[63]. - The Group reported shareholders' funds of approximately HK$58 million as of 30 September 2024, down from HK$77 million as of 31 March 2024[167]. Loss and Expenses - The company reported a loss of HK$348,924,000 for the period ending September 30, 2024[56]. - The net loss for the period was approximately HK$19,397,000, a significant improvement from a net loss of HK$47,034,000 in the same period of 2023[122]. - The Group's loss before tax for the six months ended 30 September 2024 was HK$19,397,000, reflecting the financial challenges faced during this period[183]. - Employee benefit expenses decreased by approximately HK$8,608,000, from HK$22,343,000 in 2023 to HK$13,735,000 in 2024[116]. - Interest on borrowings decreased significantly to HK$2,595,000 for the six months ended 30 September 2024, compared to HK$4,803,000 in 2023, indicating a reduction of approximately 46.0%[191]. Strategic Initiatives - The company plans to cautiously allocate resources and execute stable operational strategies to improve business performance amid the ongoing market recovery in Hong Kong[7]. - The company is focusing on enhancing its financial position and reducing losses as part of its strategic initiatives for future growth[101]. - The company is focusing on diversifying product and service offerings and optimizing middle and back office operations to enhance long-term strategic development[126]. - The company aims to leverage its financial improvements to explore potential market expansions and new product developments in the future[101]. - The company plans to proactively review its performance and adapt to changing environments to achieve optimal risk-adjusted investment returns[126]. Corporate Governance and Compliance - The Company has complied with all applicable provisions of the Corporate Governance Code throughout the Period, except for provision F.2.2[34]. - The Audit Committee reviewed the Company's unaudited interim results for the Period, which have not been audited[33]. - The Company confirmed that all Directors have complied with the Model Code regarding securities transactions throughout the Period[34]. - The interim financial information has been reviewed and found to be in compliance with HKAS 34, ensuring the accuracy of the financial statements[112]. - The review of interim financial information was conducted by Crowe (HK) CPA Limited, ensuring an independent assessment of the financial data[113]. Market Conditions - Market conditions have been adversely affected by rising interest rates and a slower than expected recovery in the financial services and insurance sectors[43]. - The company is prepared to seize opportunities arising from the recovery of the Hong Kong market and declining interest rates[7]. - The Group's financial position and performance have not been materially impacted by the application of recent amendments to HKFRSs[151]. - The Group's investment business segment engages in low-risk and high liquidity investment portfolios and proprietary trading[154]. - The Group's efforts in expanding its client base and revenue streams have significantly contributed to its performance during the reporting period[147].

Financial Performance - The company reported revenue of HKD 20,601,000 for the six months ended September 30, 2024, a significant increase from HKD 7,246,000 in the same period last year, representing an increase of approximately 184.5%[2] - The company recorded a loss of HKD 19,397,000 for the current period, a substantial improvement compared to a loss of HKD 47,034,000 in the previous year, indicating a decrease in losses by approximately 58.8%[6] - The basic and diluted loss per share improved to HKD 0.11 from HKD 0.25 year-over-year, showing a reduction in loss per share by 56%[4] - The consolidated net loss for the period was approximately HKD 19,397,000, a significant reduction from HKD 47,034,000 in the previous year, reflecting improved performance in asset management and insurance[81] - Total revenue for the six months ended September 30, 2024, was HKD 20,377,000, representing an increase of 227.6% compared to HKD 6,221,000 in the same period last year[87] Operating Expenses - Operating expenses decreased to HKD 34,390,000 from HKD 47,197,000 year-over-year, reflecting a reduction of about 27.1%[4] - The company has made significant reductions in employee benefits expenses, which decreased from HKD 22,343,000 to HKD 13,735,000, a reduction of about 38.7%[4] - Employee benefit expenses for the period amounted to approximately HKD 14,000,000, down from HKD 22,000,000 in the previous year[82] - The company’s employee benefits expenses (excluding directors' remuneration) were HKD 11,946,000 for the six months ended September 30, 2024, down from HKD 16,296,000 in the same period of 2023, reflecting a decrease of approximately 27%[40] Asset Management and Revenue Segments - Asset management revenue was HKD 5,152,000 for the six months ended September 30, 2024, while insurance brokerage revenue was HKD 2,583,000, indicating significant contributions from these segments[32] - The global market business revenue decreased by 55.1% to HKD 2,592,000 from approximately HKD 5,767,000 in the previous year[87] - Asset management business revenue surged by 2,307.5% to approximately HKD 5,152,000 from HKD 214,000 in the same period last year[87] - Insurance brokerage business revenue increased by 976.3% to approximately HKD 2,583,000 from HKD 240,000 in the previous year[87] - Wealth management and advisory services recorded revenue of approximately HKD 6,485,000 during the period[95] Cash and Assets - Cash and bank balances decreased to HKD 69,004,000 from HKD 89,505,000, a decline of approximately 22.9%[8] - Non-current assets increased to HKD 37,189,000 from HKD 29,071,000, reflecting a growth of about 28.1%[8] - The company’s total assets less current liabilities stood at HKD 64,985,000, down from HKD 117,235,000, indicating a decrease of approximately 44.7%[8] - As of September 30, 2024, the total assets of the group were approximately HKD 119,000,000, down from HKD 131,000,000 as of March 31, 2024[78] Taxation - The company had no taxable profits in China for the six months ended September 30, 2024, and therefore did not provide for Chinese corporate income tax[44] - The group had sufficient tax losses carried forward to offset taxable profits in Hong Kong, resulting in no provision for Hong Kong profits tax[44] Corporate Governance and Compliance - The financial statements for the six months ended September 30, 2024, were reviewed by the company's audit committee but not yet audited, with external auditors conducting a review according to Hong Kong standards[19] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2024, but these changes did not have a significant impact on the financial position and performance for the current and prior periods[20] - The interim results have been reviewed by the company's audit committee and have not been audited, but have been reviewed by an independent auditor[113] - The company has adhered to all applicable corporate governance code provisions, except for the provision regarding the attendance of the chairman at the annual general meeting[115] Future Outlook and Strategy - The company is focusing on enhancing its operational efficiency and exploring new market opportunities to drive future growth[2] - The group is focusing on developing new financial products linked to digital assets, including futures and structured products[88] - The company aims to adapt to the changing environment and achieve better business performance through stable operational strategies[110] - The company is prepared to seize opportunities arising from the recovery of the Hong Kong market and the economic momentum in the Greater China region[110] Employee and Staffing - As of September 30, 2024, the company employed 30 staff members, a decrease from 36 staff members as of September 30, 2023[111] - The company has not made any significant acquisitions or disposals during the reporting period[107]

Financial Performance - For the year ended March 31, 2024, the Group's consolidated turnover increased to approximately HK$23.3 million, representing an 82.4% increase compared to HK$12.8 million in 2023[16]. - Operating expenses decreased by 16.2% to approximately HK$78.4 million in 2024 from HK$93.6 million in 2023[16]. - The consolidated net loss improved by 30.0%, reducing to approximately HK$62.9 million in 2024 from HK$89.9 million in 2023[16]. - The Group recorded a consolidated net loss attributable to shareholders of approximately HK$64 million, a reduction from HK$90 million in 2023, driven by a revenue increase of approximately HK$13 million and a decrease in employee benefit expenses by approximately HK$16 million[21]. - Basic and diluted loss per share were approximately HK0.33 cents, down from HK0.50 cents in 2023[21]. Assets and Liabilities - As of March 31, 2024, the Group's total assets were approximately HK$131 million, up from HK$117 million in 2023[12]. - The current ratio improved significantly to 7.46 in 2024 from 1.63 in 2023, indicating better liquidity[12]. - The Group had unsecured convertible bonds amounting to HK$40 million as of March 31, 2024, compared to none in 2023[12]. - The gearing ratio decreased to 49.3% in 2024 from 190.4% in 2023, reflecting a stronger equity position[12]. - The Group had shareholders' funds of approximately HK$77 million as of March 31, 2024, compared to HK$34 million in 2023[22]. - The Group has no capital commitments as of March 31, 2024, indicating sufficient financial resources for ongoing operational requirements[22]. Revenue Streams - The Group's consolidated revenue increased to approximately HK$23 million for the year ended March 31, 2024, primarily due to significant improvements in the asset management business[17]. - Revenue from the asset management business surged by 7,244.3% to approximately HK$12.3 million from approximately HK$0.2 million in 2023[35]. - The global markets business revenue slightly decreased by approximately 1.7% to approximately HK$10 million from approximately HK$10.1 million in 2023[29]. - The insurance brokerage business saw a revenue decline of approximately 55.8%, dropping to approximately HK$1,100,000 from approximately HK$2,500,000 in 2023 due to intense market competition[40]. Strategic Initiatives - The Group expanded its clientele and business in Mainland China, recognizing it as a significant market for asset management due to the growing middle class[35]. - The Group formed a strategic partnership with Global Futures and Options Limited to create innovative derivative products related to digital assets[34]. - The Group announced the development of regulated and interoperable fund tokens on major blockchain networks in November 2023, aiming to provide clients with investment returns based on fiat currencies, pending regulatory approvals[42]. - The Group participated in the e-HKD Pilot Programme, completing a proof-of-concept for programmable payments using smart contracts in October 2023[41]. - The Group is focusing on developing DLT-based applications and infrastructure for various financial services, which could present significant business opportunities[70][75]. Human Resources - As of March 31, 2024, the Group employed 25 staff members, a decrease from 61 in 2023, with total staff costs of HK$39 million compared to HK$55 million in the previous year[69][74]. - The Group's remuneration policy is regularly reviewed, with total staff costs reflecting a significant reduction year-over-year[69][74]. - The remuneration packages for Executive Directors are performance-based and linked to the Company's profitability[187]. - The Company aims to attract and retain talented employees through competitive remuneration packages[187]. Corporate Governance - The company has adopted the Corporate Governance Code as its own code on corporate governance practices, complying with the provisions except for code provision F.2.2[119]. - The company emphasizes transparency and accountability as key elements for achieving high standards of corporate governance[118]. - The Board consists of seven Directors, with three females, representing 43% of the Board[129]. - The Company has received confirmations of independence from all Independent Non-executive Directors (INEDs) in accordance with Rule 3.13 of the Listing Rules[150]. - The Company complied with all major aspects of laws and regulations significant to its business operations, with no material legal compliance cases during the reporting period[161]. Leadership and Management - Mr. Xu was appointed as the Executive Director and CEO of Avantua Group Limited in January 2024, bringing over 17 years of experience in finance, investment, and capital markets[84]. - Ms. Li was appointed as the Chief Financial Officer in September 2023, having extensive experience in private equity investment and risk management[85]. - Dr. Cheng oversees strategic direction for property development and investment activities at New World Development Company Limited, including large-scale projects like Victoria Dockside and Hong Kong International Airport SKYCITY[88]. - The leadership team includes professionals with qualifications from prestigious institutions, enhancing the company's credibility and expertise in financial management[85]. Risk Management - The Audit Committee reviewed the risk management framework and internal control systems for the year ended March 31, 2024, with recommendations to the Board[184]. - The Group has a strong focus on compliance and risk management in its banking operations[116].

Financial Performance - The company's revenue for the year ended March 31, 2024, was HKD 23,329,000, an increase from HKD 12,792,000 in the previous year, representing an 83% growth[7] - Other income and gains for the same period amounted to HKD 4,513,000, up from HKD 1,665,000, indicating a 170% increase[7] - The total income, including revenue and other income, reached HKD 27,842,000, compared to HKD 14,457,000 in the prior year, marking a 93% increase[7] - The company reported an EBITDA loss of HKD 50,575,000 for the year, compared to a loss of HKD 79,098,000 in the previous year, showing a 36% improvement[14] - The net loss for the year was HKD 62,921,000, a decrease from HKD 89,910,000 in the previous year, reflecting a 30% reduction in losses[15] - The company reported a net loss attributable to shareholders of HKD 63,838,000 for the year, compared to a loss of HKD 89,915,000 in the previous year[41] - The group recorded a consolidated loss attributable to shareholders of approximately HKD 64,000,000 for the year ended March 31, 2024, a decrease from HKD 90,000,000 in 2023, primarily due to an increase in revenue and other income by approximately HKD 13,000,000[56] - The company reported a pre-tax loss of HKD 62,941,000 for the year, compared to a pre-tax loss of HKD 89,910,000 in the previous year, indicating an improvement in financial performance[96] Assets and Liabilities - The company's cash and bank balances increased to HKD 89,505,000 from HKD 65,366,000, representing a 37% rise[11] - Non-current assets decreased to HKD 29,071,000 from HKD 40,323,000, a decline of 28%[11] - Current liabilities were reduced significantly to HKD 13,641,000 from HKD 47,215,000, a decrease of 71%[11] - The company's total assets minus current liabilities increased to HKD 117,235,000 from HKD 70,267,000, indicating a 67% growth[11] - The total assets, net current assets, and net asset value as of March 31, 2024, are approximately HKD 131,000,000, HKD 88,000,000, and HKD 77,000,000 respectively, compared to HKD 117,000,000, HKD 30,000,000, and HKD 34,000,000 in 2023[54] - The group’s debt-to-equity ratio decreased to 49.3% from 190.4% in 2023[54] Revenue Breakdown - External customer revenue from the global market business was HKD 10,143,000, while asset management business revenue was HKD 12,265,000, showing significant growth in both segments[96] - The asset management business revenue increased significantly by 7,244.3% to HKD 12,265,000, compared to HKD 167 in 2023[59] - The insurance brokerage business revenue decreased by 55.8% to HKD 1,097,000 from HKD 2,482,000 in 2023[59] - The total revenue from asset management and advisory fees was HKD 12,265,000, a significant increase from HKD 167,000 in the previous year, showcasing strong growth in this segment[106] Expenses and Costs - The company’s financing costs increased to HKD 7,916,000 from HKD 4,095,000 in the previous year[39] - The group’s financing costs increased by 93.3% to approximately HKD 8,000,000 for the year, compared to HKD 4,000,000 in the same period last year[70] - Operating expenses were approximately HKD 78,000,000, a decrease of 16.2% compared to HKD 94,000,000 in the same period of 2023[135] - Employee costs for the year amounted to HKD 39 million, down from HKD 55 million in the previous year[85] - Employee benefits expenses totaled approximately HKD 39,000,000, down from HKD 55,000,000 in 2023[135] Accounts Receivable and Impairment - The accounts receivable as of March 31, 2024, totaled HKD 3,303,000, significantly up from HKD 1,276,000 in the previous year[35] - The provision for impairment losses on receivables increased to HKD 3,303,000 in 2024, compared to HKD 1,276,000 in 2023[1] - The impairment losses on accounts receivable amounted to HKD 322,000, reflecting challenges in credit management[96] - The group reported a significant increase in receivables from advisory services, rising to HKD 1,897,000 in 2024 from HKD 36,000 in 2023[1] Corporate Governance and Compliance - The company did not adopt any new accounting standards or interpretations that would have a significant impact on its performance or financial position during the reporting period[20] - The audit committee reviewed the group's accounting principles and practices, discussing financial reporting matters for the year ending March 31, 2024[78] - The company confirmed that all directors adhered to the trading standards set forth in the listing rules throughout the reporting period[80] - The company has adopted corporate governance practices in line with the Hong Kong Stock Exchange's rules, with one exception regarding the attendance of the chairman at the annual general meeting[88] Future Outlook and Strategy - The company is implementing financial management and capital preservation strategies to address changing risk conditions in the current high-interest environment[138] - The company aims to meet customer demand for stable and secure investment portfolios while addressing challenges posed by the current market environment[138] - Multiple customer engagement events and roadshows were held to showcase unique and innovative investment solutions to potential high-net-worth clients[138] Dividends - The group does not recommend the payment of a final dividend for the year ended March 31, 2024[57] - The company did not recommend a dividend for the year ended March 31, 2024, consistent with the previous year[115]

Revenue Performance - Revenue for the six months ended 30 September 2023 was HK$6,213,000, a decrease from HK$9,279,000 for the same period in 2022, representing a decline of approximately 33.4%[3] - Revenue for the six months ended September 30, 2023, was HK$6,221,000, a decrease of 32.4% compared to HK$9,215,000 in the same period of 2022[67] - For the six months ended September 30, 2023, total revenue amounted to HK$9,215,000, a decrease from HK$9,279,000 in the same period of 2022[163] - Total revenue and other income and gains were HK$7,246,000, a decrease of 30.5% from HK$10,458,000 in the previous year[67] - Revenue from external customers for the asset management business segment was HK$5,767,000, while intersegment revenue was HK$45,000, leading to a total segment revenue of HK$6,221,000[145] Loss and Financial Position - The loss attributable to shareholders for the six months ended 30 September 2023 was HK$47,034,000, compared to a loss of HK$38,170,000 for the same period in 2022, reflecting an increase in loss of approximately 23.2%[10] - Operating loss for the period was HK$42,103,000, compared to an operating loss of HK$37,157,000 in 2022, reflecting an increase in losses of 13.1%[67] - Total comprehensive loss for the period was HK$47,389,000, compared to HK$38,165,000 in the previous year, indicating an increase of 24.5%[73] - The Group reported a loss before tax of HK$47,034,000 for the six months ended September 30, 2023, compared to a profit of HK$1,383,000 in the previous period[145] - The loss before tax for the six months ended September 30, 2023, was HK$47,034,000, compared to a loss of HK$38,170,000 for the same period in 2022[199] Assets and Liabilities - Total non-current assets decreased from HK$ 40,323,000 to HK$ 36,162,000, a decline of approximately 10.7%[1] - Total current assets decreased from HK$ 77,159,000 to HK$ 69,601,000, a decline of approximately 9.8%[1] - Total non-current liabilities increased to HK$39,715,000 as of 30 September 2023, up from HK$36,618,000 as of 31 March 2023, representing a growth of 5.99%[117] - Net assets decreased significantly to HK$25,872,000 as of 30 September 2023, down from HK$33,649,000 as of 31 March 2023, a decline of 23.29%[117] - Total equity attributable to shareholders dropped to HK$(9,954,000) as of 30 September 2023, compared to HK$33,649,000 as of 31 March 2023, indicating a substantial decrease[117] Cash Flow - For the six months ended 30 September 2023, the net cash flows used in operating activities amounted to HK$ (47,232,000), compared to HK$ (40,843,000) for the same period in 2022, representing an increase of approximately 10.5% in cash used[99] - The net cash flows generated from investing activities were HK$ 9,264,000 for the six months ended 30 September 2023, compared to a cash outflow of HK$ (4,909,000) in the same period of 2022, indicating a significant turnaround[99] - The net cash flows generated from financing activities totaled HK$ 38,544,000 for the six months ended 30 September 2023, compared to HK$ 27,837,000 in the previous year, reflecting an increase of approximately 38.6%[99] - As of 30 September 2023, cash and cash equivalents at the end of the period were HK$ 54,311,000, up from HK$ 49,037,000 at the end of the same period in 2022, marking an increase of approximately 10.5%[99] Expenses - Employee benefit expenses (excluding directors' remuneration) for the six months ended 30 September 2023 were HK$16,296,000, down from HK$21,775,000 in the same period of 2022, representing a decrease of approximately 25.3%[8] - Employee benefit expenses decreased to HK$22,343,000 from HK$27,590,000, a reduction of 19.1%[67] - Consultancy, legal, and professional fees increased to HK$6,365,000 from HK$5,986,000, reflecting a rise of 6.3%[67] - Information technology and maintenance expenses surged to HK$9,684,000 from HK$2,151,000, marking a significant increase of 350.5%[67] Investments and Collaborations - The company made a minority investment in GFO-X for a total consideration of US$502,740 (approximately HK$4 million), aiming to leverage innovative technology to support blockchain-based finance business[28] - The company plans to collaborate with GFO-X to grow digital assets trading services in Asia, enhancing its market presence[24] - As of September 30, 2023, the carrying amount of the investment in GFO-X was approximately HK$3,566,000, with a fair value loss of HK$355,000 recognized during the six months ended September 30, 2023[35] Accounting and Compliance - The condensed consolidated financial statements have been reviewed by the Audit Committee and external auditor, ensuring compliance with financial reporting standards[108] - The company is preparing for the implementation of new accounting guidelines related to the Mandatory Provident Fund, which may impact future financial reporting[112] - The financial statements were prepared in accordance with Hong Kong Accounting Standards and have not been audited but reviewed by the external auditor[130] - The Group's management has begun implementing changes in accounting policies due to new HKICPA guidance, which is expected to be adopted retrospectively in the annual financial statements for the year ending March 31, 2025[153] Shareholder Information - The weighted average number of ordinary shares in issue during the period was 19,143,179,880, an increase from 18,681,761,880 in the previous period[175] - The Directors do not recommend the payment of an interim dividend for the six months ended 30 September 2023[176] - No interim dividend is recommended for the six months ended September 30, 2023, consistent with the previous year[200]