鼎立资本(00356)发布公告，于2025年7月31日，公司每股股份未经审核综合资产净值约为0.024港元。 ...

DT Capital Limited 鼎立資本有限公司 董事會主席 陳佩君 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佈之內容概不負責，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佈全部或任何部分內 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。 DT CAPITAL LIMITED 鼎 立 資 本 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：356） 資產淨值 於二零二五年七月三十一日，本公司每股股份之未經審核綜合資產淨值約為 0.024 港元。 承董事會命 香港，二零二五年八月十四日 於本公佈日期，董事會成員包括執行董事梁治維先生及宿春翔先生；非執行董 事陳佩君女 士；獨立非執行董事陳仰德先生 、 鄧展庭及夏旭衛先生。 ...

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佈之內容概不負責， 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佈全部或任何 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。 DT CAPITAL LIMITED 鼎 立 資 本 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：356） 董事會會議召開日期 鼎立資本有限公司 (「本公司」) 董事會 (「董事會」) 宣佈，本公司將於二零二五年八 月二十二(星期五)下午四時舉行董事會會議, 藉以批准(其中包括)刊發本公司及其附屬 公司截至二零二五年六月三十日止六個月之中期業績公告, 以及考慮派付中期股息(如 有) 。 承董事會命 鼎立資本有限公司 董事會主席 陳佩君 香港，二零二五年八月七日 於本公佈日期，董事會成員包括執行董事梁治維先生及宿春翔先生；非執行董事陳佩君女士； 獨立非執行董事陳仰德先生、 鄧展庭 及夏旭衛先生。 ...

第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 鼎立資本有限公司 | | | | 呈交日期: | 2025年8月1日 | | | | I. 法定/註冊股本變動 | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00356 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | ...

Financial Performance - The company recorded a loss attributable to equity holders of approximately HKD 12,010,000 for the year ended December 31, 2024, compared to a loss of HKD 28,330,000 in 2023, with a loss per share of HKD 0.0044[9] - Fair value losses on financial assets recognized in profit or loss amounted to approximately HKD 6,170,000, while unrealized fair value losses on listed securities were about HKD 4,400,000, down from HKD 16,700,000 in 2023[9] - The company sold a group of subsidiaries for a consideration of HKD 200,000, resulting in a loss on sale of HKD 472,674[10] - The company's revenue for the year ended December 31, 2024, was HKD 2,196,240, an increase from HKD 2,191,881 in 2023[83] - The pre-tax loss for the year was HKD (12,273,262), an improvement from HKD (28,381,550) in the previous year[83] - Total assets decreased to HKD 63,016,135 in 2024 from HKD 75,058,197 in 2023, representing a decline of approximately 16.5%[83] - The net asset value as of December 31, 2024, was HKD 62,176,632, down from HKD 74,191,021 in 2023, indicating a decrease of about 16.2%[83] - The company reported a total reserve of approximately HKD 47,178,000 as of December 31, 2024, down from HKD 58,269,000 in 2023[84] Investment Strategy - The company plans to explore new potential investment areas while managing risks through business diversification and due diligence[15] - The company aims to continue discovering undervalued investment opportunities across different industries and regions to enhance shareholder returns[15] - The company will maintain a balance between investing in listed and unlisted securities to improve shareholder returns while adapting its short-term strategies to market conditions[12] - The company has adopted an investment policy focused on capital appreciation through investments in listed and unlisted companies in Hong Kong and China[86] - The company will not own or control more than 30% of the voting rights of any company, nor make investments exceeding 20% of its net asset value[88] Economic Outlook - The outlook for Hong Kong's economy is expected to achieve moderate growth in 2025, influenced by the recovery of the global economy and closer economic ties with mainland China[13] - External risks such as geopolitical tensions and inflation pressures may impact consumer confidence and corporate investment willingness[13] Corporate Governance - The company has appointed independent non-executive directors with extensive experience in auditing and financial management, enhancing governance[58][61] - The company has a strong focus on compliance and governance, with members serving on audit, remuneration, and nomination committees[59][62] - The company is committed to maintaining high standards of corporate governance, as evidenced by the qualifications of its board members[60][62] - The board confirmed compliance with the regulatory requirements set by the Hong Kong Stock Exchange and other relevant laws[70] - The company has confirmed the independence of all independent directors as of the report date, in compliance with the listing rules[90] Shareholder Information - The company has a significant shareholder, Beibo Global Asset Management Limited, holding 504,410,000 shares, representing approximately 18.44% of the total issued shares[99] - Another major shareholder, Vibrant Noble Limited, owns 379,900,000 shares, accounting for about 13.89% of the total issued shares[99] - The company’s independent director, Ms. Chan Pei-Kwan, holds 254,500,000 shares through Fame Image Limited, which is equivalent to approximately 9.30% of the total issued shares[99] Employee Management - The total employee costs for the reporting period were approximately HKD 2,110,000, down from approximately HKD 2,410,000 in the previous year[39] - The company emphasizes internal promotions over external hiring to foster employee growth[171] - The company provides competitive benefits, including medical insurance, to ensure employee health and safety[166] - The employee turnover rate for the reporting year was 20%, with a 25% turnover rate for male employees and 100% for employees over 50 years old[175] - The company has established clear complaint procedures for employees to report concerns confidentially[178] Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the performance and initiatives of the company for the year ending December 31, 2024[123] - The company aims to integrate ESG considerations into its business strategy progressively[132] - The company has identified significant sustainability issues based on their importance to stakeholders and the company's development, guiding their environmental, social, and governance (ESG) strategies and reporting priorities[142] - The company recognizes the increasing demand for environmental, social, and governance (ESG) investments and aims to minimize negative impacts from its operations and investment portfolio[150] - The company conducts an annual review of its ESG commitments and performance, providing recommendations to the board's compliance committee[131] Sustainability and Environmental Impact - Total greenhouse gas emissions decreased from 5.25 tons CO2 equivalent in 2023 to 4.72 tons CO2 equivalent in 2024, a reduction of 0.53 tons or approximately 10.1%[192] - The company generated no hazardous waste during the reporting year and implemented comprehensive waste reduction methods[199] - The company has established a digital-first document management system to reduce printing needs and configured all printers for default double-sided printing[200] - The company will continue to explore energy-saving opportunities and environmental measures to further reduce absolute emissions and improve density metrics[195]

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 2,196,240, slightly up from HKD 2,191,881 in 2023, representing a growth of 0.2%[3] - The pre-tax loss for the year was HKD 12,273,262, a significant improvement from a loss of HKD 28,381,550 in the previous year, reflecting a reduction of 56.7%[3] - Basic and diluted loss per share improved to HKD (0.0044) from HKD (0.0104) in 2023, indicating a 57.5% reduction in loss per share[3] - The company reported a loss attributable to equity holders of approximately HKD 12,010,000 for the year ended December 31, 2024, compared to a loss of HKD 28,330,000 in 2023, representing a significant improvement[26] - Basic loss per share for 2024 was HKD 0.0044, down from HKD 0.0104 in 2023, indicating a reduction in losses per share[19] - The fair value loss on financial assets recorded was approximately HKD 6,170,000, contributing to the overall loss for the year[26] Assets and Liabilities - The net asset value decreased to HKD 62,176,632 from HKD 74,191,021, a decline of 16.2% year-over-year[4] - Cash and bank balances increased to HKD 287,680 from HKD 265,674, showing a growth of 8.3%[4] - Other receivables, deposits, and prepayments rose significantly to HKD 9,844,896 from HKD 4,337,202, marking an increase of 127.5%[4] - The total equity of the group as of December 31, 2024, was approximately HKD 62,180,000, a decrease from HKD 74,190,000 in 2023[31] - Total liabilities as of December 31, 2024, amounted to approximately HKD 580,000, compared to HKD 360,000 as of December 31, 2023[32] - The capital-to-debt ratio as of December 31, 2024, was approximately 0.94%, up from 0.47% as of December 31, 2023[32] Dividends - The company did not declare any dividends for the year, consistent with the previous year[3] - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with the previous year[20] - The company did not recommend any final dividend for the year ending December 31, 2024, consistent with the previous year[34] Operational Insights - The group operates solely in the Hong Kong market, with all income derived from equity securities investments[13] - The company has not disclosed any major customer information due to the nature of its business, which does not generate revenue from external clients[13] - The company sold a group of subsidiaries for HKD 200,000, resulting in a loss on sale of HKD 472,674[27] - The fair value of financial assets at fair value through profit or loss was approximately HKD 52,880,000 as of December 31, 2024, down from HKD 70,460,000 in 2023[31] - Other receivables increased significantly to HKD 9,641,875 in 2024 from HKD 1,725,805 in 2023[21] - Administrative and operational expenses decreased primarily due to a reduction of approximately HKD 1,380,000 in legal and professional fees related to investment projects[33] - Total employee costs for the reporting period were approximately HKD 2,110,000, down from HKD 2,410,000 in the previous year[41] - The company has not entered into any contracts to hedge foreign exchange risks, as most assets and liabilities are denominated in HKD[37] - The company did not conduct any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[40] - The company has complied with the corporate governance code as per the listing rules during the reporting period[43] - There were no significant post-reporting date events up to the date of this announcement[45] Economic Outlook - The outlook for Hong Kong's economy in 2025 is expected to show moderate growth, influenced by local and global factors, including the recovery of the Chinese economy[29]

Financial Performance - For the six months ended June 30, 2024, the group recorded a net loss attributable to shareholders of approximately HKD 3,718,071, compared to a net loss of HKD 24,815,324 in 2023, with a loss per share of HKD 0.14, down from HKD 0.91 in 2023[5]. - The total revenue for the six months ended June 30, 2024, was HKD 443,154, while other income was HKD 111[40]. - The company incurred administrative and other operating expenses of HKD 4,561,365, an increase from HKD 4,082,088 in the previous year[40]. - The loss before tax for the period was HKD 3,527,323, significantly improved from a loss of HKD 24,966,869 in the prior year[40]. - The company reported a net loss attributable to equity holders of HKD 3,718,071 for the six months ended June 30, 2024, compared to a loss of HKD 24,815,324 for the same period in 2023, representing a significant improvement[46]. Dividends and Shareholder Information - The group did not declare any interim dividend for the period ended June 30, 2024, consistent with the previous year[6]. - The company did not declare any interim dividends for both periods, maintaining a dividend of zero for 2023[86]. - As of June 30, 2024, Chen Pei-Kun holds 254,500,000 shares, representing 9.3% of the total issued share capital[24]. - The largest shareholders include Beibo Global Asset Management Limited and Beibo Capital Advanced Fund, each holding 504,410,000 shares, which is 18.44% of the total[26]. - The total number of issued and fully paid ordinary shares remained at 2,735,280,000 as of June 30, 2024[93]. Assets and Liabilities - The total borrowings of the group, including other payables and accrued liabilities, amounted to approximately HKD 530,000 as of June 30, 2024, compared to HKD 350,000 as of December 31, 2023[10]. - The group's capital debt ratio was approximately 0.75% as of June 30, 2024, up from 0.47% as of December 31, 2023[12]. - The net amount of financial asset investments was approximately HKD 65,090,000 as of June 30, 2024, down from HKD 70,460,000 as of December 31, 2023[12]. - Total assets decreased from HKD 75,058,197 to HKD 71,705,470, a decline of approximately 4.8%[44]. - The company's total equity decreased from HKD 74,191,021 to HKD 70,472,950, a decline of approximately 5%[46]. Cash Flow and Financial Position - As of June 30, 2024, the group maintained cash and bank balances of approximately HKD 330,000, an increase from HKD 270,000 as of December 31, 2023[10]. - Cash and cash equivalents increased from HKD 265,674 to HKD 331,841, an increase of approximately 24.9%[51]. - The net cash generated from operating activities was HKD 66,167, compared to a cash outflow of HKD 1,124,367 in the previous period, indicating a turnaround[51]. Employee Costs - The total employee costs for the review period were HKD 1,150,649, a decrease from HKD 1,282,616 in 2023[18]. - Employee costs, including directors' remuneration, decreased from HKD 1,248,116 to HKD 1,117,407, a reduction of approximately 10.5%[76]. Corporate Governance - The company has established an audit committee to review and supervise its financial reporting processes and internal controls[32]. - The company has complied with the corporate governance code as of June 30, 2024[31]. - There were no significant contracts involving the company where directors had a substantial interest during the reporting period[29]. Financial Instruments and Valuation - The fair value of financial assets at fair value through profit or loss was HKD 59,337,097 as of June 30, 2024, down from HKD 64,480,585 as of December 31, 2023[88]. - The fair value measurement of financial instruments classified as Level 1 was HKD 59,337,097, while Level 3 financial instruments totaled HKD 5,748,436 as of June 30, 2024[98]. - The company reported a market liquidity discount rate of 14% and a capitalization rate of 13% for its financial instruments[102]. - The company's financial assets are measured at fair value, with no significant difference between the carrying amount and fair value for other financial instruments as of June 30, 2024[104]. - The company adopts HKFRS 13 and uses closing prices as the valuation basis for listed equity investments[101]. Investments - The company holds a 1.6% equity interest in Guangzhou Jinyang Aquaculture Co., Ltd., which has not paid any dividends since January 2024[91]. - The investment in P.B. Capital Advanced Fund 3 amounted to USD 5,190,000, with confirmed dividend income of HKD 176,640 during the reporting period[92]. Other Information - The company did not engage in any significant acquisitions or disposals of subsidiaries during the period ended June 30, 2024[14]. - The company has no major capital commitments or contingent liabilities as of June 30, 2024[15]. - The company has no significant capital commitments or contingent liabilities as of June 30, 2024[105]. - The company did not issue any potentially dilutive ordinary shares during the reporting periods, thus no diluted earnings per share were presented[80]. - There has been no transfer between fair value measurement levels during the reporting period[103].

[Financial Statements](index=1&type=section&id=Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group's loss significantly narrowed, primarily due to fair value gains on financial assets Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Highlights | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :--------------------------------------------------- | :----------------------- | :----------------------- | :--- | | Revenue | 443,154 | 117,162 | 278% increase | | Fair Value Gains/(Losses) on Financial Assets at Fair Value Through Profit or Loss | 590,777 | (21,002,055) | Turned from loss to gain | | Administrative and Other Operating Expenses | (4,561,365) | (4,082,088) | Increase | | Loss Before Tax | (3,527,323) | (24,966,869) | Loss narrowed | | Loss and Total Comprehensive Expense Attributable to Equity Holders of the Company for the Period | (3,718,071) | (24,815,324) | Loss narrowed | | Loss Per Share | (0.14) HK cents | (0.91) HK cents | Loss narrowed | | Interim Dividend | Nil | Nil | No change | [Condensed Consolidated Statement of Financial Position](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Current assets, net assets, and total equity decreased, primarily due to reduced financial assets at fair value Condensed Consolidated Statement of Financial Position Highlights | Metric | June 30, 2024 (HKD) | December 31, 2023 (HKD) | Change | | :----------------------------------- | :------------------- | :------------------- | :--- | | Current Assets | 71,705,470 | 75,058,197 | 4.47% decrease | | Financial Assets at Fair Value Through Profit or Loss | 65,085,533 | 70,455,321 | 7.5% decrease | | Cash and Bank Balances | 331,841 | 265,674 | 24.9% increase | | Current Liabilities | 531,596 | 357,000 | 48.9% increase | | Net Current Assets | 71,173,874 | 74,701,197 | 4.72% decrease | | Deferred Tax | 700,924 | 510,176 | 37.4% increase | | Net Assets | 70,472,950 | 74,191,021 | 4.98% decrease | | Total Equity | 70,472,950 | 74,191,021 | 4.98% decrease | [Notes to the Condensed Consolidated Financial Statements](index=3&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [1. Basis of Preparation](index=3&type=section&id=1.%20Basis%20of%20Preparation) Unaudited condensed consolidated financial statements are prepared under HKAS 34 and Listing Rules Appendix D2 - Financial statements are prepared in accordance with **HKAS 34** "Interim Financial Reporting" and applicable disclosure requirements of **Appendix D2** of the Listing Rules[3](index=3&type=chunk) [2. Principal Accounting Policies](index=3&type=section&id=2.%20Principal%20Accounting%20Policies) Financial statements are primarily prepared using the historical cost convention, consistent with prior year policies - Principal accounting policies are based on the **historical cost convention**, except for financial assets at fair value through profit or loss[4](index=4&type=chunk) - Accounting policies are consistent with those applied in the previous annual financial statements, except for changes noted in Note 3[4](index=4&type=chunk) [3. Changes in Accounting Policies](index=3&type=section&id=3.%20Changes%20in%20Accounting%20Policies) New standards effective January 1, 2024, were adopted with no impact on the Group's financial performance - New standards, amendments to HKFRS 16, HKAS 1, and HKAS 7, effective January 1, 2024, have been adopted[5](index=5&type=chunk)[6](index=6&type=chunk) - These revised standards had **no impact** on the Group's results or financial position for the current or prior periods[6](index=6&type=chunk) [4. Revenue](index=4&type=section&id=4.%20Revenue) Revenue significantly increased, primarily from investment activities in Hong Kong listed and unlisted securities Revenue Highlights | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :--- | :----------------------- | :----------------------- | :--- | | Revenue | 443,154 | 117,162 | 278% increase | - The Group's principal business is investing in **Hong Kong listed and unlisted securities** with growth and capital appreciation potential[7](index=7&type=chunk) - The Group operates in a **single business segment** (investment holding), with all consolidated revenue and results dependent on the performance of the Hong Kong market[8](index=8&type=chunk) [5. Other Income](index=4&type=section&id=5.%20Other%20Income) Other income, primarily interest income, remained insignificant and consistent with the prior period Other Income Highlights | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :--- | :----------------------- | :----------------------- | :--- | | Interest Income | 111 | 112 | Slight decrease | [6. Fair Value Gains/(Losses) on Financial Assets at Fair Value Through Profit or Loss](index=5&type=section&id=6.%20Fair%20Value%20Gains%2F%28Losses%29%20on%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) Fair value of financial assets at FVTPL turned from a significant loss to a gain, driven by unrealized gains on listed shares Fair Value Gains/(Losses) on Financial Assets at FVTPL | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :--------------------------------------------------- | :----------------------- | :----------------------- | :--- | | Total Fair Value Gains/(Losses) | 590,777 | (21,002,055) | Turned from loss to gain | | Realized (Hong Kong Listed Shares) | (1,428,478) | 20,621 | Turned from gain to loss | | Unrealized (Hong Kong Listed Shares) | 2,245,555 | (18,628,519) | Turned from loss to gain | | Unrealized (Unlisted Investments) | (226,300) | (2,394,157) | Loss narrowed | [7. Loss Before Tax](index=5&type=section&id=7.%20Loss%20Before%20Tax) Loss before tax significantly narrowed, with a decrease in staff costs and MPF contributions Components of Loss Before Tax | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :----------------------------------- | :----------------------- | :----------------------- | :--- | | Staff Costs (including Directors' Emoluments) | 1,117,407 | 1,248,116 | 10.47% decrease | | Defined Contribution Mandatory Provident Fund Scheme Contributions | 33,242 | 34,500 | 3.65% decrease | [8. Taxation](index=6&type=section&id=8.%20Taxation) No Hong Kong profits tax provision was made due to carried forward tax losses; deferred tax liabilities increased - No provision for Hong Kong profits tax was made due to **tax losses carried forward** from prior years exceeding estimated assessable profits for the period[12](index=12&type=chunk) Deferred Tax Liabilities | Metric | December 31, 2023 (HKD) | Credit for the Period (HKD) | June 30, 2024 (HKD) | | :------------------- | :------------------- | :-------------- | :------------------- | | Deferred Tax Liabilities | 510,176 | 190,748 | 700,924 | [9. Loss Per Share](index=6&type=section&id=9.%20Loss%20Per%20Share) Loss per share significantly narrowed, reflecting reduced loss attributable to equity holders; no diluted EPS presented Loss Per Share Details | Metric | As of June 30, 2024 | As of June 30, 2023 | Change | | :--- | :---------------- | :---------------- | :--- | | Loss Per Share | (0.14) HK cents | (0.91) HK cents | Loss narrowed | | Loss Attributable to Equity Holders of the Company | 3,718,071 HKD | 24,815,324 HKD | Loss narrowed | | Weighted Average Number of Ordinary Shares in Issue | 2,735,280,000 shares | 2,735,280,000 shares | No change | - No diluted earnings per share is presented as the Group had **no potentially dilutive ordinary shares** in issue during the periods presented[13](index=13&type=chunk) [10. Financial Assets at Fair Value Through Profit or Loss](index=7&type=section&id=10.%20Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) Total financial assets at FVTPL decreased, mainly due to reduced values of listed and unlisted equity securities Financial Assets at FVTPL Summary | Metric | June 30, 2024 (HKD) | December 31, 2023 (HKD) | Change | | :----------------------------------- | :------------------- | :------------------- | :--- | | Total | 65,085,533 | 70,455,321 | 7.5% decrease | [a) Details](index=7&type=section&id=a)%20Details) Financial Assets at FVTPL by Category | Category | June 30, 2024 (HKD) | December 31, 2023 (HKD) | Change | | :--------------------------- | :------------------- | :------------------- | :--- | | Equity Securities Listed in Hong Kong | 59,337,097 | 64,480,585 | 8.0% decrease | | Unlisted Equity Securities | 558,436 | 784,736 | 28.8% decrease | | Unlisted Investment Funds | 5,190,000 | 5,190,000 | No change | - Unlisted equity securities primarily represent an investment in **Guangzhou Jinyang Aquatic Products Breeding Co., Ltd**[16](index=16&type=chunk) - Unlisted investment funds consist of **P.B. Capital Advanced Fund 3 Segregated Portfolio**[16](index=16&type=chunk) [Review Report and Management Discussion and Analysis](index=8&type=section&id=Review%20Report%20and%20Management%20Discussion%20and%20Analysis) [Review Report](index=8&type=section&id=Review%20Report) The Group's net loss attributable to shareholders and loss per share significantly narrowed for the period Review Report Highlights | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :----------------------------------- | :----------------------- | :----------------------- | :--- | | Net Loss Attributable to Shareholders | 3,718,071 | 24,815,324 | 85% loss narrowed | | Loss Per Share | 0.14 HK cents | 0.91 HK cents | 84.6% loss narrowed | [Interim Dividend](index=8&type=section&id=Interim%20Dividend) The Board resolved not to declare any interim dividend for the period, consistent with the prior year - The Board resolved **not to declare or pay any interim dividend** for the period ended June 30, 2024[18](index=18&type=chunk) [Business Review](index=8&type=section&id=Business%20Review) Loss resulted from insufficient fair value gains and revenue to cover expenses; no new investments were made - The period's loss was primarily due to fair value gains on financial assets and revenue of approximately **HKD1,030,000** being insufficient to cover administrative and other operating expenses of approximately **HKD4,560,000**[19](index=19&type=chunk) - There were **no new investment plans** since January 2024[19](index=19&type=chunk) Listed Securities Performance | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :----------------------------------- | :----------------------- | :----------------------- | :--- | | Unrealized Fair Value Gains/(Losses) on Listed Securities | 2,250,000 | (18,630,000) | Turned from loss to gain | | Realized Gains/(Losses) on Listed Securities | (1,430,000) | 20,000 | Turned from gain to loss | - The Group's strategy for 2024 is to **preserve cash balances** in preparation for stock market volatility, with no new investment plans[19](index=19&type=chunk) [Outlook](index=9&type=section&id=Outlook) Facing market pressures and geopolitical risks, the Group will cautiously identify long-term investment opportunities - The Chinese stock market is under pressure, with the property and stock markets remaining sluggish, and government measures yet to improve market sentiment[20](index=20&type=chunk) - The Hong Kong stock market is affected by the **Sino-US strategic rivalry** and global geopolitical tensions, eroding business and investment confidence[20](index=20&type=chunk) - The Group will adopt a **prudent approach** to identify and evaluate investment opportunities, seeking long-term prospects to enrich its investment portfolio[20](index=20&type=chunk) [Financial Review](index=9&type=section&id=Financial%20Review) Cash and bank balances increased, while total borrowings and gearing ratio rose; net financial asset investments decreased [Financial Resources and Liquidity](index=9&type=section&id=Financial%20Resources%20and%20Liquidity) Financial Resources and Liquidity Highlights | Metric | June 30, 2024 (HKD) | December 31, 2023 (HKD) | Change | | :--------------------------- | :------------------- | :------------------- | :--- | | Cash and Bank Balances | 330,000 | 270,000 | 22.2% increase | | Total Borrowings | 530,000 | 350,000 | 51.4% increase | | Gearing Ratio | 0.75% | 0.47% | 0.28 percentage points increase | | Net Financial Asset Investments | 65,090,000 | 70,460,000 | 7.6% decrease | [Capital Structure](index=9&type=section&id=Capital%20Structure) - The Company's **capital structure remained unchanged** since January 1, 2024[21](index=21&type=chunk) [Other Information](index=10&type=section&id=Other%20Information) [Employees and Remuneration Policy](index=10&type=section&id=Employees%20and%20Remuneration%20Policy) Employee count decreased to four; remuneration is reviewed based on market terms, qualifications, and performance Employee Count | Metric | June 30, 2024 | 2023 | Change | | :--- | :------------ | :----- | :--- | | Number of Employees | 4 | 5 | 1 decrease | - The remuneration package includes basic salary, MPF contributions, medical insurance, and other benefits, reviewed based on **market terms, individual qualifications, and performance**[22](index=22&type=chunk) [Staff Costs](index=10&type=section&id=Staff%20Costs) Total staff costs for the review period decreased compared to the prior year Total Staff Costs | Metric | As of June 30, 2024 (HKD) | As of June 30, 2023 (HKD) | Change | | :--- | :----------------------- | :----------------------- | :--- | | Total Staff Costs | 1,150,649 | 1,282,616 | 10.29% decrease | [Foreign Exchange Fluctuation Risk and Related Hedging](index=10&type=section&id=Foreign%20Exchange%20Fluctuation%20Risk%20and%20Related%20Hedging) Most assets and liabilities are HKD-denominated; no foreign exchange hedging contracts are currently in place - The majority of the Group's assets and liabilities are denominated in **Hong Kong Dollars**[24](index=24&type=chunk) - The Group currently has **no contracts in place to hedge its foreign exchange risk**[24](index=24&type=chunk) [Purchase, Sale or Redemption of Securities](index=10&type=section&id=Purchase%202C%20Sale%20or%20Redemption%20of%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of its securities during the period - During the review period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's securities[25](index=25&type=chunk) [Corporate Governance](index=10&type=section&id=Corporate%20Governance) The Board established corporate governance procedures and fully complied with the Corporate Governance Code - The Board has established corporate governance procedures to comply with the **Corporate Governance Code** set out in Appendix C1 of the Listing Rules[26](index=26&type=chunk) - The Company has fully complied with the code provisions of the Corporate Governance Code for the six months ended June 30, 2024[26](index=26&type=chunk) [Audit Committee](index=10&type=section&id=Audit%20Committee) The Audit Committee reviewed and oversaw financial reporting and internal controls, and this interim report - The Company established an Audit Committee in accordance with **Rule 3.21 of the Listing Rules** to review and supervise the Group's financial reporting procedures and internal controls[27](index=27&type=chunk) - The Company's Audit Committee has reviewed the interim report for the period ended June 30, 2024[27](index=27&type=chunk) [Model Code for Securities Transactions by Directors](index=10&type=section&id=Model%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company complied with the code for directors' securities transactions; all directors confirmed adherence - The Company has complied with the code for directors' securities transactions, which is no less exacting than the **Model Code**[28](index=28&type=chunk) - All Directors have confirmed compliance with the required standards set out in the Model Code and the Company's adopted code for directors' securities transactions[28](index=28&type=chunk) [Publication of Interim Report](index=11&type=section&id=Publication%20of%20Interim%20Report) This interim report is published on the HKEXnews website and the Company's website - This interim report is published on the **HKEXnews website** (www.hkexnews.hk) and the **Company's website** (www.dt-capitalhk.com)[29](index=29&type=chunk) [Board of Directors](index=11&type=section&id=Board%20of%20Directors) The Board comprises executive, non-executive, and independent non-executive directors as of the announcement date - As of the announcement date, the Board comprises Executive Directors Mr. Leung Chi Wai and Mr. Suk Chun Cheung; Non-executive Director Ms. Chan Pui Kwan; and Independent Non-executive Directors Mr. Chan Yeung Tak, Mr. Tang Chin Ting, and Mr. Ha Yuk Wai[30](index=30&type=chunk)

Financial Performance - The company reported a loss attributable to equity holders of approximately HKD 28.3 million for the year ended December 31, 2023, compared to a loss of HKD 24.1 million in 2022, representing an increase of about 9.2%[8]. - The loss per share for 2023 was HKD 0.0104, up from HKD 0.0088 in 2022, indicating a worsening financial performance[8]. - The company recorded an unrealized fair value loss of approximately HKD 16.74 million on listed securities, compared to HKD 9.71 million in 2022, reflecting increased market volatility[8]. - Revenue for the year ended December 31, 2023, was HKD 2,191,881,000, an increase of 19.6% compared to HKD 1,833,791,000 in 2022[95]. - The pre-tax loss for 2023 was HKD (28,381,550,000), worsening from a loss of HKD (24,513,492,000) in 2022[95]. - Total assets decreased to HKD 75,058,197,000 in 2023 from HKD 103,520,967,000 in 2022, representing a decline of 27.5%[95]. - The company's net asset value as of December 31, 2023, was HKD 74,191,021,000, down from HKD 102,516,400,000 in 2022, a decrease of 27.6%[95]. - The total reserves available for distribution as of December 31, 2023, were approximately HKD 58,269,000, down from HKD 75,092,000 in 2022[96]. Investment Strategy - The company plans to continue exploring investment opportunities across different industries and regions to identify undervalued investments that can generate sustainable income streams[14]. - The company has maintained its investment policy since 2014, focusing on short to medium-term capital appreciation through investments in listed and unlisted companies in Hong Kong and China[99]. - The company will not own or control more than 30% of voting rights in any company, nor make investments exceeding 20% of its net asset value[101]. - The company is focused on enhancing its asset management capabilities and exploring new investment opportunities[59]. - The company aims to achieve capital appreciation through a diversified investment portfolio in listed and unlisted companies, focusing on sustainable development and innovative technology projects[139]. Risk Management - The company aims to manage risks through business diversification and due diligence in its investment strategies moving forward[12]. - The company will adopt a cautious approach to new investments and portfolio management in 2024, focusing on innovative strategies to navigate the challenging economic landscape[12]. - The board is actively monitoring economic and political conditions to identify emerging risks and mitigate uncertainties[79]. Shareholder Information - The board has resolved not to recommend any final dividend for the year ended December 31, 2023[36]. - The company did not declare any final dividends for the year ending December 31, 2023, and there were no interim dividends declared during the year[91]. - The company's authorized share capital as of December 31, 2023, was HKD 40,000,000, divided into 4,000,000,000 shares at HKD 0.01 each[92]. - Major shareholder Beibo Global Asset Management Limited holds 504,410,000 shares, accounting for 18.44% of the total issued shares[114]. - Vibrant Noble Limited owns 379,900,000 shares, which is approximately 13.89% of the total issued shares[114]. - Mass Trade Global Limited has a stake of 265,537,200 shares, representing 9.70% of the total issued shares[114]. Corporate Governance - The board of directors confirmed compliance with the regulatory requirements set by the Hong Kong Listing Rules and other relevant laws and regulations in Hong Kong and the Cayman Islands[82]. - The company has established an audit committee in accordance with the guidelines issued by the Hong Kong Institute of Certified Public Accountants, responsible for reviewing and supervising the financial reporting process and internal control systems[127]. - The company has adopted a standard code of conduct for securities trading, with all directors confirming compliance during the reporting period[128]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange listing rules, with a noted exception of one executive director's absence from the annual general meeting[129]. - The governance structure includes a board overseeing ESG matters and a dedicated ESG working group to assist in strategy and stakeholder engagement[148]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the performance and initiatives of the company for the fiscal year ending December 31, 2023[141]. - The ESG report is prepared in accordance with the guidelines set out in the Main Board Listing Rules Appendix C2, ensuring transparency and accountability[144]. - The company established an Environmental, Social, and Governance (ESG) working group to implement and promote relevant policies and measures[150]. - The ESG working group is responsible for monitoring ESG performance and ensuring effective implementation of related policies[150]. - The company emphasizes the importance of ESG analysis in its investment process to minimize negative environmental and social impacts[165]. Employee Welfare and Development - 100% of employees received training in 2023, with an average training duration of 14 hours per employee, up from 13 hours in 2022[179]. - The company emphasizes a standardized management of work hours, holidays, and rest periods, providing paid leave including annual leave, sick leave, maternity leave, and marriage leave[167]. - All employees are entitled to health insurance and other competitive benefits, ensuring a safe and healthy work environment[171]. - The company prioritizes internal promotions over external recruitment to foster employee growth and development[177]. - The company complied with all relevant employment laws and regulations in Hong Kong, including the Mandatory Provident Fund Schemes Ordinance and the Minimum Wage Ordinance[183]. Sustainability and Environmental Impact - The company generated approximately 5.25 tons of carbon equivalent emissions in the reporting year, a decrease from 6.83 tons in 2022, representing a reduction of about 23%[197]. - Energy indirect emissions from electricity accounted for 4.89 tons of the total emissions, down from 6.39 tons in the previous year, indicating a reduction of approximately 23.5%[198]. - The per capita carbon emissions for employees decreased to 1.05 tons in 2023 from 1.37 tons in 2022, reflecting a reduction of about 23.4%[198]. - The average carbon emissions per kilowatt-hour of electricity consumed was 0.71 kg of CO2 equivalent[199]. - The company does not produce any nitrogen oxides, sulfur oxides, or particulate matter due to the nature of its business operations[196].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 2,191,881, an increase of 19.6% from HKD 1,833,791 in 2022[3] - The company reported a pre-tax loss of HKD 28,381,550, which is a 15.3% increase from a loss of HKD 24,513,492 in the previous year[3] - Basic and diluted loss per share for the year was HKD (0.0104), compared to HKD (0.0088) in 2022, indicating a worsening in performance[3] - The company reported a loss attributable to equity holders of approximately HKD 28,325,379 for the year ended December 31, 2023, compared to a loss of HKD 24,097,700 in 2022, representing an increase in loss of about 9.2%[29] - Basic loss per share for 2023 was HKD 0.0104, compared to HKD 0.0088 in 2022, indicating a 18.2% increase in loss per share[22] Asset and Equity Position - The net asset value decreased to HKD 74,191,021 from HKD 102,516,400, representing a decline of 27.6%[4] - The total equity of the group as of December 31, 2023, was approximately HKD 74,191,021, down from HKD 102,516,400 in 2022, reflecting a decrease of about 27.6%[28] - The group's cash and bank balances as of December 31, 2023, were approximately HKD 270,000, a significant decrease from HKD 1,850,000 in 2022, representing a decline of about 85.4%[33] - The fair value of financial assets recognized in profit or loss was approximately HKD 70,455,321 as of December 31, 2023, down from HKD 79,934,666 in 2022, indicating a decrease of about 11.7%[25] Dividends and Shareholder Returns - The company did not declare any dividends for the year, consistent with the previous year[3] - The company did not declare a final dividend for the year ended December 31, 2023, consistent with no dividend declared in 2022[23] - No final dividend is recommended for the year ending December 31, 2023, consistent with 2022[35] Operational Highlights - The company operates solely in the Hong Kong market, with no significant revenue from external customers[17] - The company has not disclosed any major customer data due to the nature of its business being primarily investment holding and securities trading[17] - The company plans to continue exploring new investment opportunities and diversifying its business to manage risks effectively in the current economic environment[32] Financial Liabilities - The total borrowings of the group, including other payables and accrued liabilities, were approximately HKD 350,000 as of December 31, 2023, down from HKD 430,000 in 2022, reflecting a decrease of about 18.6%[34] - The capital debt ratio, calculated as total borrowings divided by total equity, was approximately 0.47% as of December 31, 2023, compared to 0.42% in 2022[34] Employee and Operational Costs - Total employee costs for the year ending December 31, 2023, amounted to approximately HKD 2,410,000, a decrease from approximately HKD 2,990,000 in 2022[41] Governance and Compliance - The company has adopted the Corporate Governance Code and has taken sufficient measures to ensure compliance[44] - The audit committee has reviewed the financial reporting procedures and internal control systems for the year ending December 31, 2023[45] Market Activity - There were no purchases, sales, or redemptions of the company's listed securities during the year[42] - The public shareholding percentage exceeds 25% of the total issued shares[49] Other Information - The company has no significant capital commitments or contingent liabilities as of December 31, 2023[37] - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[40] - The company has not entered into any contracts to hedge foreign exchange risks[38] - There were no significant post-reporting period events have occurred as of the announcement date[46] - The company recorded unrealized losses on listed securities of approximately HKD 16,740,000 in 2023, compared to HKD 9,710,000 in 2022, indicating an increase of about 72.5% in unrealized losses[29] - Other income, including interest income, was HKD 226, a significant decrease from HKD 155,670 in 2022[18]