Financial Reporting and Compliance - The interim financial information includes the condensed consolidated statement of financial position as of September 30, 2021, and the profit or loss statement for the six-month period ended[8]. - The company is required to prepare interim financial information in compliance with Hong Kong Accounting Standard 34, which governs interim financial reporting[8]. - The report indicates that the directors are responsible for the preparation and presentation of the interim financial information[9]. - The independent auditor was engaged to review the interim financial information but was unable to form a conclusion due to certain matters described in the report[9]. - The company operates under the regulations of the Stock Exchange of Hong Kong Limited, ensuring compliance with local financial reporting standards[8]. - The auditor's report highlights the importance of adherence to the relevant provisions of the listing rules[9]. - The Group's financial reporting is subject to compliance with Hong Kong Accounting Standards, specifically HKAS 34 for interim financial reporting[13]. - The Group's financial statements for the six months ended 30 September 2021 were reviewed but not audited, ensuring compliance with Hong Kong standards[79]. Financial Performance and Position - The Group reported accumulated losses of approximately HK$2,092,200,000 due to the deconsolidation of subsidiaries as of April 1, 2021[14]. - The Group's financial health is under scrutiny due to the significant accumulated losses and the inability to verify the financial status of deconsolidated subsidiaries[15]. - As of September 30, 2021, the Group had net current liabilities of approximately HK$4,088,793,000 and net liabilities of approximately HK$3,316,482,000[32]. - During the six months ended September 30, 2021, the Group incurred a loss attributable to ordinary equity holders of approximately HK$365,565,000[32]. - The Group's loss for the periods ended September 30, 2021, and 2020 may be significantly affected by the unresolved matters related to the deconsolidated subsidiaries[15]. - The accumulated losses reached HK$2,691,535,000 as of 30 September 2021, indicating significant financial strain[61]. - The total equity (net deficit) as of 30 September 2021 was HK$3,316,482,000, reflecting a decline from the previous period[61]. - The Group's financial position indicates significant uncertainties regarding its ability to continue operations[32]. Revenue and Profitability - Revenue for the six months ended September 30, 2021, was HK$29,726,000, a significant increase from HK$7,331,000 in the same period of 2020, representing a growth of 305%[47]. - Gross profit for the same period was HK$20,683,000, compared to HK$3,894,000 in 2020, indicating a gross profit margin improvement[47]. - Loss for the period was HK$365,565,000, slightly higher than the loss of HK$352,094,000 in the previous year, reflecting a 4% increase in losses[49]. - The adjusted loss before tax for the six months ended September 30, 2021, was HK$358,477,000, compared to a loss of HK$351,534,000 for the same period in 2020, indicating a slight increase in losses[130]. - Commission and brokerage income from securities and futures dealings rose to HK$9,843,000, up from HK$4,258,000, marking an increase of 131%[146]. - Placing, underwriting, and financial advisory fee income surged to HK$11,496,000 compared to HK$406,000, reflecting a growth of over 2,700%[146]. - Interest income on margin financing activities increased to HK$2,934,000 from HK$1,686,000, representing a growth of 74%[146]. Cash Flow and Liquidity - Net cash flows from operating activities for the six months ended 30 September 2021 amounted to HK$143,387,000, a significant improvement from a net cash outflow of HK$298,144,000 in the same period of 2020[67]. - Cash and cash equivalents at the end of the period increased to HK$437,394,000, compared to HK$156,366,000 at the end of the same period in 2020, reflecting a strong liquidity position[67]. - The company reported interest received of HK$142,280,000 for the six months ended 30 September 2021, compared to HK$2,420,000 in the previous year, indicating a substantial increase in income from interest[67]. - The company experienced a net cash outflow from financing activities of HK$105,217,000, a decrease from a net inflow of HK$305,391,000 in the same period of 2020, indicating changes in financing strategy[67]. Restructuring and Corporate Governance - The Company has completed the restructuring of indebtedness, which included the Subscription, the First Loan Conversion, and the ListCo Schemes becoming effective, resulting in certain indebtedness being relieved[89]. - The restructuring process included the transfer of deconsolidated subsidiaries to a new scheme as part of the asset management strategy[79]. - The Company is focused on preserving assets and managing its affairs during the restructuring process[80]. - The validity of the going concern assumption for the financial statements depends on the successful outcomes of the measures taken by the directors[90]. - The Company fulfilled all Resumption Conditions to the satisfaction of the Stock Exchange on 1 November 2021, leading to the resumption of trading at 9:00 a.m. on the same day[94]. - The Group completed its restructuring on November 1, 2021, transferring all interests in Excluded Subsidiaries to the ListCo Schemes[99]. Management and Operational Changes - The resignation of senior management members contributed to the deconsolidation of subsidiaries, affecting the Group's control over their financial policies[14]. - The Group's operating performance has shown significant improvement following the onboarding of a new senior management team[86]. - The Group's business model integrates its capabilities with the expertise of the new senior management team, aiming to develop a full-fledged financial service and product provider[86]. - The Group is concurrently developing its technology capabilities in financial services ("TechFin") through proprietary engineering and strategic partnerships[86]. Investments and Impairments - The Group fully impaired its investments in associates amounting to HK$341,674,000 for the year ended 31 March 2020 due to insufficient financial information from the associates' management[19]. - The Group's investments in associates were fully impaired during the year ended 31 March 2020[188]. - The Group's investment in wealth management products from financial institutions in the PRC was deconsolidated since 1 April 2019 and transferred to the ListCo Schemes SchemeCo after the Restructuring[199]. - The Group conditionally agreed to sell a 12.17% shareholding interest in a securities company for RMB600,000,000 (approximately HK$711,128,000), which is at a discount of approximately 1.48% to the appraised value[194].

FREEMAN FINTECH CORPORATION LIMITED 民眾金 融 科技控股有限公 司 （於開曼群島註冊成立之有限公司） (Incorporated in the Cayman Islands with limited liability) HK Stock Code 香港股份代號: 279 (Since 1988)（自1988年） FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH FREEMAN FINTECH ...