Audit and Financial Oversight - The auditor's fee for audit services for the year amounted to HKD 968,000, with no fees for non-audit services[1] - The board of directors is responsible for overseeing the preparation of financial statements that fairly reflect the group's financial position[2] - The board conducted an annual review of the group's risk management and internal control systems, ensuring adequate resources and training for financial reporting functions[150] Risk Management and Internal Control - The group has established a robust risk management and internal control system, which is reviewed annually to protect shareholder interests[3] - The risk management framework follows the COSO framework, allowing effective risk management by the board and management[8] - The group maintains a risk register to track significant identified risks, which is reviewed at least annually[10] - Management conducts ongoing risk management activities, with the effectiveness of the risk management framework assessed at least once a year[11] - The company has no internal audit function but engages external professionals for this purpose, which is deemed more effective given the group's scale and complexity[11] - The board continues to review the necessity of the internal audit function at least annually to ensure its effectiveness[11] - The group appointed an internal control consultant during the year to enhance its internal control processes[30] Corporate Governance and Shareholder Communication - The company has established a shareholder communication policy to facilitate active engagement with shareholders[21] - The company maintains effective communication with shareholders to ensure timely and balanced information dissemination[22] - Shareholders can request public information from the company at any time[17] - The company has adopted corporate governance practices as outlined in its annual report, ensuring compliance with governance codes[178] - The company has ensured that all directors have complied with the standard code of conduct regarding securities transactions during the year[180] - The board of directors consists of five members, including two executive directors and three independent non-executive directors[200] Financial Performance and Revenue Generation - The group’s lending segment generated revenue of approximately HKD 55.1 million in the current year, accounting for about 74% of total revenue, with an operating profit of approximately HKD 14.5 million, an increase of approximately 806% compared to the previous year[43] - The financial services segment generated revenue of approximately HKD 18.0 million, an increase of about 22% from HKD 14.7 million in the previous year[60] - Interest income from clients, including margin clients and cash clients, was approximately HKD 16.5 million for the year, up from HKD 12.1 million in the previous year[60] - The group has experienced a significant increase in operating profit from the lending business, indicating strong performance in this segment[43] Economic Environment and Market Conditions - The International Monetary Fund revised the global economic growth forecast for 2022 from 3.5% to 3.0%, reflecting severe economic challenges faced by many countries[37] - The business environment has improved following the full lifting of social distancing measures and most health policies in Hong Kong, leading to expectations of strong market rebound through cross-border cooperation and economic growth[34] - The group plans to continue monitoring the overall business environment and market conditions to mitigate potential impacts on operations and investments while seeking new business opportunities[81] Dividend Policy and Shareholder Returns - The company has adopted a dividend policy aimed at sharing profits with shareholders while retaining liquidity for future growth opportunities[24] - The payment of dividends is contingent upon the company's operational and financial performance, liquidity, capital needs, and economic conditions[24] - The group does not recommend the payment of dividends for the current year, consistent with the previous year[96] - The company is committed to reviewing and potentially modifying its dividend policy as necessary[24] Investments and Asset Management - As of December 31, 2023, the group held significant investments totaling approximately HKD 870.3 million, representing 12.85% of the issued shares of the health company, with a fair value of HKD 282.9 million, accounting for 21.3% of the group's audited total assets[76] - The health company reported revenue of approximately HKD 1,833.0 million for the year, a year-on-year increase of about 19.37%, despite incurring a consolidated loss of approximately HKD 159.1 million[77] - The group has invested in six non-listed closed-end funds, with the performance of these funds being closely monitored due to challenging economic conditions, including geopolitical tensions and a soft real estate market[72] - The group is focused on exploring investment opportunities in the healthcare sector, recognizing its potential for sustainable returns[111] - The group has invested in Seamless Group Inc. to strengthen its position in the financial technology sector[103] Employee Relations and Corporate Social Responsibility - The group employed 26 employees as of December 31, 2023, and provided regular training to enhance employee capabilities[115] - The group made charitable donations totaling HKD 43,000 during the year, compared to zero in the previous year[97] - The group has implemented various policies to promote energy and paper conservation, aiming to reduce resource consumption and achieve business objectives[128] - The company has maintained good relationships with employees, customers, and suppliers, which is crucial for business success[128] Financial Position and Assets - The group's cash and bank balances were approximately HKD 188.0 million as of December 31, 2023, down from HKD 220.1 million in the previous year, with a net current asset value of approximately HKD 1,081.6 million[82] - The current ratio was approximately 23.0 times as of December 31, 2023, compared to 24.8 times in the previous year, indicating a slight decrease in liquidity[82] - The asset-to-liability ratio remained stable at approximately 3.7% as of December 31, 2023, consistent with the previous year[82] - The company’s total issued shares as of December 31, 2023, were 2,505,282,734 shares[133] Share Repurchase and Capital Management - The group repurchased a total of 278,270,000 ordinary shares at a total cost of approximately HKD 38,368,000, reflecting confidence in the company's long-term business prospects[133] - The highest share repurchase price in October 2023 was HKD 0.145, while the lowest was HKD 0.128[153] - The company’s distributable reserves as of December 31, 2023, were approximately HKD 1,163,468,000, subject to certain conditions for distribution[135] Compliance and Regulatory Matters - The company confirmed compliance with the disclosure requirements of the Listing Rules regarding related party transactions[161] - The company has not disclosed any arrangements that would benefit directors or senior executives through the purchase of shares or debt securities[172] - The group reported that there were no significant legal or regulatory violations impacting the business during the year[128]

Financial Performance - The group recorded revenue of approximately HKD 74.1 million for the year ended December 31, 2023, compared to HKD 73.0 million in 2022, representing a year-over-year increase of 1.5%[2] - The loss attributable to owners of the company was approximately HKD 104.1 million for the year ended December 31, 2023, a significant improvement from a loss of HKD 171.3 million in 2022, indicating a reduction in losses by 39.2%[2] - The group’s gross profit for the year was HKD 69.7 million, an increase from HKD 67.9 million in 2022, showing a growth of 2.5%[5] - The total administrative expenses for the year were HKD 130.8 million, a decrease from HKD 181.9 million in 2022, indicating a reduction of 28.2%[5] - The group reported a pre-tax loss of HKD 107.1 million for the year, improved from a pre-tax loss of HKD 171.3 million in 2022, marking a 37.5% reduction in losses[5] - The total loss before tax for 2023 was HKD 104,059,000, compared to a loss of HKD 171,280,000 in 2022, indicating an improvement[51] - The group reported a net loss of HKD 172,957,000 across all categories for the year ended December 31, 2023[15] - Total comprehensive income for the year was a loss of HKD 104,061,000, compared to a loss of HKD 170,023,000 in the previous year, representing a 38.8% improvement[180] - Basic loss per share for the year was HKD 3.82, compared to HKD 6.15 in the previous year, indicating a 38.5% reduction in loss per share[180] Assets and Liabilities - The group held financial assets at fair value through profit or loss amounting to approximately HKD 482.3 million as of December 31, 2023, compared to HKD 481.9 million in 2022[2] - The group’s total assets included cash and bank balances of approximately HKD 188.0 million and receivables of HKD 446.3 million as of December 31, 2023[2] - The total assets of the group decreased from HKD 1,472,917,000 in 2022 to HKD 1,325,798,000 in 2023, a decline of approximately 10%[20] - The group’s total liabilities decreased from HKD 53,849,000 in 2022 to HKD 49,159,000 in 2023, a decrease of about 8.3%[20] - The total liabilities for the financial services segment decreased from HKD 17,718,000 in 2022 to HKD 15,580,000 in 2023, a reduction of about 12.1%[20] - The group’s cash position remained strong, with bank balances and cash totaling approximately HKD 188.0 million as of December 31, 2023, down from HKD 220.1 million in 2022[95] - The net current assets amounted to approximately HKD 1,081.6 million, down from HKD 1,274.1 million in 2022[154] - The current ratio was reported at 23.00 times, a decrease from 24.82 times in 2022, indicating a slight decline in liquidity[2] Revenue Segments - Total revenue from external customers for the financial services segment was HKD 14,731,000, with lending contributing HKD 57,164,000, and asset investment generating HKD 1,083,000, totaling HKD 72,978,000[15] - Revenue from financial services increased by HKD 3.3 million, reaching approximately HKD 18.0 million for the year[100] - The financial services segment generated revenue of approximately HKD 18.0 million in the current year, an increase of about 22% from HKD 14.7 million in 2022[105] - The group's lending classification generated revenue of approximately HKD 55.1 million in the current year, accounting for about 74% of total revenue, with operating profit increasing by approximately 806% to HKD 14.5 million[118] Interest Income and Expenses - Interest income from lending was HKD 55.1 million in 2023, down from HKD 57.2 million in 2022, reflecting a decrease of 3.7%[9] - Interest income for the group was HKD 72,801,000, with HKD 17,720,000 from financial services and HKD 55,076,000 from lending[26] - The company reported interest income of HKD 69,997,000 for the year 2023, a significant increase from HKD 5,000 in 2022[39] - The company’s financing costs increased to HKD 934,000 in 2023 from HKD 577,000 in 2022, primarily due to higher interest on bank borrowings[44] Impairment and Provisions - The company incurred impairment losses of HKD 24,114,000 on loans and interest for 2023, down from HKD 28,255,000 in 2022[39] - The impairment provision increased to HKD 81,665,000 in 2023 from HKD 57,551,000 in 2022, reflecting a rise of 41.9%[62] - The impairment loss on receivables and interest was approximately HKD 24.1 million, a decrease from HKD 28.3 million in the previous year[120] - The expected credit loss provision for the total receivables and interest was HKD 81.665 million, resulting in a net receivable amount of HKD 446.266 million[125] Investment Strategy - The group plans to continue focusing on financial services, lending, and asset investment strategies to enhance revenue streams in the upcoming fiscal year[11] - The group is exploring investment opportunities in financial technology, healthcare, and biotechnology sectors, viewing the current market conditions as investment opportunities rather than setbacks[130] - The group's asset investment strategy has been adjusted to allocate more resources to better-performing business activities, resulting in a loss of approximately 124.7 million HKD for the year, an improvement from a loss of 181.2 million HKD in 2022[134] - The group holds investment properties valued at approximately 38.1 million HKD as of December 31, 2023, down from 40.9 million HKD in 2022[138] Corporate Governance and Compliance - The company adopted all provisions of the Corporate Governance Code as its own corporate governance code[174] - The group has adopted the revised Hong Kong Financial Reporting Standards effective from January 1, 2023, impacting the preparation of consolidated financial statements[194] - The group ensures compliance with applicable laws and regulations, particularly those related to money lending and anti-money laundering[116] Market Conditions and Economic Outlook - The International Monetary Fund revised the global economic growth forecast for 2022 from 3.5% to 3.0% due to severe economic challenges faced by many countries[102] - The Hong Kong economy is expected to continue recovering in early 2023, benefiting from inbound tourism and personal consumption[149] - The Hong Kong government has revised its overall economic growth forecast for 2023 down to 3.2%, from a previous estimate of 4% to 5%[149]

Financial Performance - The company recorded revenue of approximately HKD 39,041,000 for the six months ended June 30, 2023, compared to HKD 37,121,000 for the same period in 2022, representing a growth of 5.2%[6] - The loss attributable to the owners of the company was approximately HKD 34,867,000 for the six months ended June 30, 2023, compared to HKD 16,163,000 for the same period in 2022, indicating an increase in loss of 115.1%[6] - The company reported a gross profit of HKD 36,641,000 for the six months ended June 30, 2023, compared to HKD 34,169,000 for the same period in 2022, an increase of 7.2%[8] - The company incurred administrative expenses of HKD 25,290,000 for the six months ended June 30, 2023, compared to HKD 23,668,000 for the same period in 2022, an increase of 6.8%[8] - The company reported a total loss before tax of HKD 37,930,000 for the six months ended June 30, 2023, compared to a loss of HKD 16,165,000 in the same period of 2022[33] - The company reported a net cash outflow from investing activities of HKD 51,317,000 for the six months ended June 30, 2023, compared to HKD 3,550,000 in the same period of 2022[20] - The company reported a net loss attributable to shareholders of approximately HKD 34.9 million for the period, compared to a net loss of HKD 16.2 million in the same period last year[113] Assets and Liabilities - The company's financial assets measured at fair value through profit or loss amounted to approximately HKD 483,997,000 as of June 30, 2023, slightly up from HKD 481,933,000 as of December 31, 2022[6] - Cash and cash equivalents were approximately HKD 205,520,000 as of June 30, 2023, down from HKD 220,068,000 as of December 31, 2022, a decrease of 6.9%[6] - The net current assets were approximately HKD 1,193,361,000 as of June 30, 2023, compared to HKD 1,274,129,000 as of December 31, 2022, reflecting a decrease of 6.4%[6] - The total assets amounted to approximately HKD 1,384,203,000 as of June 30, 2023, down from HKD 1,419,068,000 as of December 31, 2022[6] - The total equity attributable to the owners of the company decreased to HKD 1,382,359,000 as of June 30, 2023, from HKD 1,417,222,000 as of December 31, 2022, reflecting a decline of 2.5%[17] - The company's reserves decreased to HKD 1,354,523,000 as of June 30, 2023, from HKD 1,389,386,000 as of December 31, 2022, indicating a decline of 2.5%[16] - The group’s total liabilities decreased slightly to HKD 53,310,000 as of June 30, 2023, from HKD 53,499,000 as of December 31, 2022[16] Cash Flow and Investments - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 38,536,000, down 50% from HKD 77,043,000 in the same period of 2022[20] - The company incurred capital expenditures of HKD 4,881,000 for the purchase of property, plant, and equipment during the six months ended June 30, 2023, compared to HKD 444,000 in the same period of 2022[20] - The group recorded a fair value loss of approximately HKD 43.5 million from its investment in 康健 during the period[168] - The company added HKD 21,729,000 in financial assets measured at fair value through profit or loss during the six months ended June 30, 2023[93] Revenue Sources - The financial services segment generated revenue of HKD 9,677,000, while the lending segment contributed HKD 28,854,000 for the six months ended June 30, 2023[33] - Interest income from lending decreased to HKD 28,854,000 in 2023 from HKD 29,831,000 in 2022, a decline of 3.3%[27] - Commission income from securities brokerage dropped to HKD 329,000 in 2023, down 38.0% from HKD 531,000 in 2022[30] - Commission income from placements decreased significantly to HKD 300,000 in 2023, a decline of 68.3% compared to HKD 940,000 in 2022[30] - Revenue from rental income was HKD 510,000, marking the first recorded income in this category[27] Credit and Risk Management - The group has implemented strict credit policies and control measures to mitigate credit risks, including thorough assessments of borrowers' repayment capabilities and background checks[127] - The group aims to minimize potential credit losses by taking legal action on a case-by-case basis, considering market practices and recovery processes[127] - The expected credit loss provision for receivables decreased from HKD 57,551,000 as of December 31, 2022, to HKD 50,076,000 as of June 30, 2023[67] - The expected credit loss provision was HKD 50,076,000, resulting in a net receivable amount of HKD 512,451,000[147] Strategic Initiatives - The company plans to further explore potential lending opportunities, including project financing, depending on market conditions and risk-return assessments[124] - The company aims to expand its customer base by recruiting financial services talent over the next few years[121] - The company adjusted its asset investment strategy to allocate more resources to better-performing business activities, including margin financing and lending[152] - The group will continue to expand its lending business through 易金融 and 易財務, focusing on both corporate and personal loans[177] Market Conditions and Outlook - The company anticipates continued economic growth in Hong Kong in 2023, benefiting from inbound tourism and personal consumption[174] - The group expects to face potential lending risks due to the challenging economic environment but will maintain a cautious risk management strategy[177] - The management acknowledges the recent downturn in the fintech and healthcare sectors, viewing it as an investment opportunity rather than a setback[156] Employee and Governance - The group employed 28 employees as of June 30, 2023, and provided regular training to enhance employee capabilities[189] - The 2023 Share Option Scheme was approved on June 16, 2023, allowing the company to grant options to eligible participants[196] - Shareholder approval will be sought for any further stock options granted under the 2023 stock option plan, ensuring compliance with existing regulations[200]

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，並明確表示概不就因本公告全部 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。 Minerva Group Holding Limited 嬴集團控股有限公司* （前稱Power Financial Group Limited 權威金融集團有限公司） （於百慕達註冊成立之有限公司） （股份代號：397） 有關截至二零二二年十二月三十一日止年度年報之補充公告 茲提述嬴集團控股有限公司（前稱「權威金融集團有限公司」）（「本公司」，連同其 附屬公司，統稱「本集團」）截至二零二二年十二月三十一日止年度年報（「二零二 二年年報」）。除另有界定者外，本公告所用詞彙與二零二二年年報所界定者具 有相同涵義。 購股權計劃 根據二零一三年購股權計劃可供授出的購股權及獎勵的數目 下表載列於截至二零二二年十二月三十一止年度，有關二零一三年購股權計劃 的額外資料： 於二零二二年 ...

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，並明確表示概不就因本公告全部 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。 Minerva Group Holding Limited 嬴集團控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：397） 截至二零二三年六月三十日止六個月之 中期業績公告 截至二零二三年六月三十日止六個月： – 本集團錄得收益約39,041,000港元（截至二零二二年六月三十日止六個月： 37,121,000港元）。 – 本公司擁有人應佔虧損約為34,867,000港元（截至二零二二年六月三十日止 六個月：16,163,000港元）。 – 董事會不建議派付中期股息。 於二零二三年六月三十日： – 本集團持有按公平值計入損益之金融資產約483,997,000港元（二零二二年 ...

Financial Performance - The group recorded interest income of approximately HKD 57.2 million from lending activities, down from HKD 68.1 million in the previous year, reflecting a decrease of about 13.2%[9] - Total revenue from financial services was approximately HKD 14.7 million, compared to HKD 21.4 million in the previous year, indicating a decline of around 31.3%[9] - The company reported revenue of approximately HKD 73.0 million for the year ended December 31, 2022, a decrease from HKD 95.7 million in 2021, primarily due to declines in both lending and financial services revenue[17] - Interest income from lending activities decreased by approximately HKD 10.9 million to about HKD 57.2 million in 2022, compared to HKD 68.1 million in 2021[17] - Financial services revenue fell by approximately HKD 6.7 million to about HKD 14.7 million in 2022, down from HKD 21.4 million in 2021, representing a decrease of 31.3%[22] - The net loss attributable to owners of the company was approximately HKD 171.3 million, a significant decline from a profit of HKD 153.8 million in 2021, largely due to fair value losses on financial assets of approximately HKD 153.5 million[18] - The group’s trade segment generated zero revenue this year, a decline from HKD 1.8 million in the previous year, reflecting a significant drop in demand and profitability[41] - The asset investment segment incurred a loss of approximately HKD 181.2 million, driven by poor stock performance and changes in fair value of financial assets, particularly in the Hong Kong stock market[42] - Interest income from bond investments decreased by approximately 84.1%, down to about HKD 0.7 million from HKD 4.4 million in the previous year[43] - The group experienced a decrease in the fair value of its financial assets, with a realized loss of approximately HKD 143.55 million during the year[52] Market Conditions - The Hong Kong stock market saw a 15% decline in the Hang Seng Index due to rising inflation and interest rate hikes by the Federal Reserve, which increased the federal funds rate from 0%-0.25% to 4.25%-4.5%[8] - The Hang Seng Index fell by 15.5% in 2022, marking a challenging year for the Hong Kong stock market amid geopolitical tensions and economic uncertainties[20] Investment Strategy - The group has paused its trading business due to intense price competition in the healthcare sector, but continues to explore investment opportunities in this area for sustainable returns[9] - The group is actively seeking potential investment prospects across various industries, particularly in real estate, which has become an attractive opportunity amid the current economic downturn[10] - A commercial property investment has been made in Hong Kong to ensure a stable and reliable income stream, reinforcing the group's asset investment portfolio[10] - The group remains committed to identifying valuable investment opportunities in both the real estate market and other sectors moving forward[10] - The company plans to expand its financial services and position itself as a comprehensive financial service provider focused on value extraction and helping clients achieve financial goals[17] - The company plans to further explore potential lending opportunities, including project financing, depending on market conditions and risk-return assessments[24] - The group plans to explore various business potentials and investment opportunities in the healthcare sector despite the market demand fluctuations caused by COVID-19 variants and global economic downturns[41] Lending Operations - The lending segment generated revenue of approximately HKD 57.2 million for the year ended December 31, 2022, down from HKD 68.1 million in 2021, accounting for about 78.4% of total revenue[35] - The operating profit for the lending business was approximately HKD 1.6 million in 2022, a decrease of about 91.4% compared to HKD 18.7 million in 2021[35] - The annual interest rates charged to unsecured borrowers range from 10% to 36%, while secured borrowers are charged between 9% and 24%[34] - The lending business primarily serves customers from social networks, existing clients, third-party agents, and referrals from employees and management[24] - The company has implemented strict credit policies and control measures to mitigate credit risks associated with its lending portfolio[27] - The internal credit assessment process includes verification of identity, repayment ability, and due diligence on provided information[28] - The company conducts weekly reviews of repayment records and loan portfolios, particularly focusing on overdue accounts[30] - The credit committee is responsible for evaluating and approving loans within the predetermined credit limits and regularly monitors the quality of the loan portfolio[27] - The group recorded an impairment loss of approximately HKD 28.3 million on receivables and interest, an increase from HKD 27.9 million in the previous year, primarily due to increased uncertainty regarding the recoverability of certain overdue loans[37] - As of December 31, 2022, the total loan balance was HKD 578,047 thousand, with 37% of loans overdue or not yet due but with interest overdue[39] Corporate Governance - The company has adopted all provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange, except for one deviation noted in the report[140] - The board of directors consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced governance structure[142] - The company emphasizes the importance of good corporate governance standards to enhance shareholder value and manage risks effectively[139] - The company has maintained compliance with the Corporate Governance Code during the fiscal year ending December 31, 2022, with specific details on deviations provided in the report[140] - The board is responsible for setting the business strategy and overseeing management performance, ensuring alignment with the company's objectives[144] - The company has a policy for directors to seek independent professional advice at the company's expense when necessary[144] - All directors are required to retire at least once every three years, ensuring regular refreshment of the board[144] - The company has received annual independence confirmation from all independent non-executive directors, affirming their compliance with listing rules[152] - The company’s audit committee currently has two members, which is below the minimum requirement set by listing rules due to the resignation of Mr. Zhao Jiawei[153] - The independent non-executive director term for Ms. Chen Liping is from September 30, 2022, to April 30, 2024[152] Risk Management - The company has implemented a risk management and internal control system, which is reviewed annually to ensure its effectiveness[183] - The company engaged an independent firm to conduct internal audits and assess the effectiveness of its risk management and internal control systems, which were found to be effective and adequate[184] - The board is responsible for maintaining a robust risk management and internal control system, with management responsible for its design and implementation[187] - The audit committee discussed the internal audit report and other documentation to review the effectiveness of risk management and internal control systems[179] - The company has established an enterprise risk management framework following the COSO framework to effectively manage risks[187] - The audit committee provides regular reports to the board regarding risk management and internal audit functions[187] - The company has adopted internal control measures for handling and disclosing inside information, ensuring compliance with relevant regulations[184] - The company employs a "three lines of defense" governance structure for risk management, ensuring effective operational oversight and control[188] - Risk management framework is evaluated at least annually, with management meetings held regularly to update on risk monitoring procedures[189] - The company has established a risk register to track significant identified risks, which is reviewed and updated at least once a year[188] Shareholder Communication - The company maintains a shareholder communication policy to provide relevant information and facilitate communication with shareholders[197] - The company communicates with shareholders primarily through financial reports (semi-annual and annual), annual general meetings, and other possible shareholder meetings[200] - All company communication documents submitted to the stock exchange are available on the company's website and are regularly updated[200] - The board believes that the shareholder communication policy and its implementation are effective[200] - The company has complied with the principles and measures outlined in the shareholder communication policy throughout the year[200] - The company has provided effective channels for shareholders to express their opinions[200] - The implementation of the shareholder communication policy has been reviewed for effectiveness[200] - The company ensures that all information is accessible to shareholders through its website and the stock exchange[200] - The company is committed to maintaining transparency in its communications with shareholders[200] - The board regularly assesses the effectiveness of the communication policy[200] Employee and Compensation - The group employed 24 employees as of December 31, 2022, and provided regular training to enhance employee capabilities[70] - The company has maintained a competitive compensation scheme to attract and retain talented employees[97] - The compensation committee has reviewed and approved the remuneration proposals for newly appointed directors during the year[168] - The company's compensation policy aims to provide competitive salary levels to attract and retain successful executives, with 2 executives earning between HKD 0 to 1,000,000 and 1 executive earning between HKD 1,000,001 to 2,000,000[170] - The nomination committee considers various factors, including gender, age, culture, and professional experience, when nominating candidates for the board[175] - The board diversity policy is reviewed annually to ensure its effectiveness and to maintain a pool of potential successors[166] - The company continues to promote diversity at all employee levels, ensuring equal opportunities for all qualified employees[166] - The board currently consists of 2 female directors and 3 male directors, indicating a gender diversity ratio of 40% female and 60% male[166] - As of December 31, 2022, the overall employee gender ratio is 66.67% male and 33.33% female[166]

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，並明確表示概不就因本公告全部 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。 Power Financial Group Limited 權 威 金 融 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：397） 截至二零二二年十二月三十一日止年度之年度業績公告 財務摘要 截至二零二二年十二月三十一日止年度： – 本集團錄得收益約73.0百萬港元（二零二一年：95.7百萬港元）。 – 本公司擁有人應佔虧損約為171.3百萬港元（二零二一年：溢利153.8百萬 港元）。 於二零二二年十二月三十一日： – 本集團持有按公平值計入損益之金融資產約481.9百萬港元（二零二一年： ...

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，並明確表示概不就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。 Power Financial Group Limited 金融集團 有 限 Financial Group L 權威金融集團有限公 司 （於百慕達註冊成立之有限公司 ） （股份代號：397） 有關截至二零二一年十二月三十一日止年度 年報之補充公告 茲提述權威金融集團有限公司（「本公司」，連同其附屬公司，「本集團」）截至二零二一年 十二月三十一日止年度年報（「二零二一年年報」）。除另有界定者外，本公告所用詞彙與 二零二一年年報所界定者具有相同涵義。 借貸業務 除二零二一年年報內「管理層討論與分析」一節所披露之資料外，本公司謹此於子標題「借 貸」項下補充額外資料。 本集團之借貸業務乃透過其全資附屬公司易金融科技有限公司及易財務有限公司進行， 以向個人及企業授出有抵押及無抵押貸款。該業務並無特定目標客戶群。本集團年內的 客戶主要來自社交網絡以及本集團過往客戶及現有客戶、第三方代理商、本集團員工及 管理層的轉介 ...

Financial Performance - The group recorded revenue of approximately HKD 37,121,000 for the six months ended June 30, 2022, a decrease of 25.4% compared to HKD 49,727,000 for the same period in 2021[8]. - The company reported a loss attributable to owners of approximately HKD 16,163,000, compared to a profit of HKD 171,611,000 for the same period in 2021[8]. - The total comprehensive loss for the period was HKD (15,357,000), compared to a total comprehensive income of HKD 168,045,000 for the same period in 2021[15]. - The company reported a basic and diluted loss per share of HKD (0.58) for the period[15]. - The company’s total comprehensive income for the period was HKD 168,052,000, compared to HKD 171,611,000 in the previous year, showing a slight decrease[22]. - The group recorded a loss of approximately HKD 15.6 million in impairment losses on receivables and interest for the six months ended June 30, 2022, compared to HKD 10.6 million in the previous year[138]. - The company reported a net loss attributable to shareholders of approximately HKD 16.2 million for the period, compared to a net profit of HKD 171.6 million in the same period of 2021, primarily due to a fair value loss of approximately HKD 19.5 million on financial assets[122]. Dividends and Shareholder Returns - The board does not recommend the payment of an interim dividend[9]. - The company did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[59]. Assets and Liabilities - As of June 30, 2022, the group held financial assets at fair value through profit or loss amounting to approximately HKD 599,208,000, an increase from HKD 585,805,000 as of December 31, 2021[10]. - The group had cash and bank balances of approximately HKD 247,114,000, up from HKD 153,035,000 as of December 31, 2021[10]. - The current ratio was approximately 62.34 times, significantly higher than 31.81 times as of December 31, 2021[10]. - The net asset value was approximately HKD 1,567,144,000, a slight decrease from HKD 1,582,501,000 as of December 31, 2021[10]. - The group’s net current assets amounted to approximately HKD 1,391,540,000, down from HKD 1,428,862,000 as of December 31, 2021[10]. - The total assets of the group as of June 30, 2022, were HKD 1,614,429,000, a slight decrease from HKD 1,628,885,000 as of December 31, 2021[45]. - The group's total liabilities increased to HKD 47,285,000 as of June 30, 2022, compared to HKD 46,384,000 as of December 31, 2021[45]. - The company’s total equity decreased to HKD 1,567,144,000 from HKD 1,582,501,000, a decline of about 1.0%[20]. Revenue Breakdown - Revenue from financial services dropped to HKD 1,471,000 in 2022 from HKD 3,576,000 in 2021, a decrease of 58.8%[35]. - Interest income from lending decreased to HKD 29,831,000 in 2022 from HKD 32,682,000 in 2021, representing a decline of 8.5%[33]. - The financial services segment reported external customer revenue of HKD 6,852,000, while the lending segment reported HKD 29,831,000 for the same period[39]. - The lending segment produced revenue of approximately HKD 29.8 million, accounting for about 80.4% of the company's total revenue, with operating profit declining by approximately 33.0% from the previous year[135]. - Overall gross profit decreased to approximately HKD 34.2 million, down from HKD 43.2 million in 2021, reflecting a decline of about 20.8%[121]. - Revenue from healthcare-related products dropped to zero, compared to HKD 1.8 million in 2021, indicating a strategic reduction in this segment due to intense market competition[121]. Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2022, was HKD 77,043,000, a significant improvement from a cash outflow of HKD 91,290,000 in the same period last year[26]. - The company reported a cash and cash equivalents balance of HKD 247,114,000 at the end of June 2022, up from HKD 114,312,000 a year earlier, reflecting an increase of approximately 116.2%[26]. - The company’s bank borrowings increased to HKD 23,226,000 from zero, indicating new financing activities[20]. - The company plans to explore potential lending opportunities, including project financing, while maintaining a strict credit policy to manage risk[131]. Credit and Receivables - The company confirmed a net impairment loss of HKD 44,927,000 on receivables, compared to HKD 29,296,000 in the previous year[66]. - The company’s receivables and interest as of June 30, 2022, amounted to HKD 593,825,000, down from HKD 693,063,000 at the end of the previous year[66]. - The total expected credit loss for loans receivable was HKD 44,927,000 as of June 30, 2022, compared to HKD 60,659,000 as of December 31, 2021[71]. - The company’s management regularly reviews the credit limits of borrowers to assess credit quality[71]. - The group maintains strict control over trade receivables to minimize credit risk, reflecting a proactive approach to financial management[85]. Market Conditions and Strategic Adjustments - The group attributed the revenue decline to a significant slowdown in the Hong Kong stock market and global markets, leading to more conservative investor behavior[121]. - The global economic growth forecast for 2022 was significantly downgraded to 3.2% from 6.1% in 2021 due to various challenges including COVID-19 variants and geopolitical tensions[124]. - The group is continuously monitoring the recoverability of loans and engaging in targeted negotiations due to the negative impact of COVID-19 on clients' financial conditions[138]. - The company anticipates continued growth in the healthcare sector and is actively seeking investment opportunities in this area[169]. Corporate Governance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules and has complied with all provisions except for the separation of the roles of Chairman and CEO[190]. - The audit committee consists of three independent non-executive directors, ensuring compliance with accounting principles and internal controls[195]. - The board of directors was temporarily below the minimum requirement of independent non-executive directors but has since complied with the regulations following recent appointments[193].

Financial Performance - The company reported a net profit attributable to shareholders of approximately HKD 153.8 million, an increase of 247.9% compared to HKD 44.2 million in 2020[7]. - Total revenue for the year was approximately HKD 95.7 million, a slight decrease from HKD 101.7 million in 2020, primarily due to a decline in revenue from healthcare-related products[13]. - The lending division generated sustainable interest income of approximately HKD 68.1 million, up from HKD 55.3 million in 2020[7]. - The financial services business recorded total revenue of HKD 21.4 million, representing a growth of approximately 30.6% from HKD 16.4 million in 2020[7]. - The company reported a gross profit improvement to approximately HKD 84.7 million, up from HKD 80.0 million in 2020, driven by growth in its lending and financial services segments[13]. - The group recorded an impairment loss on receivables of approximately HKD 27.9 million for the year ended December 31, 2021, compared to HKD 2.5 million in 2020, primarily due to an increase in receivables and uncertainty regarding the recoverability of certain overdue loans[26]. - The company reported no dividend payment for the fiscal year ending December 31, 2021, consistent with the previous year[78]. Revenue Segments - The healthcare-related products segment saw a revenue decline to approximately HKD 1.8 million from HKD 14.8 million in 2020 due to increased market competition[13]. - The group's revenue from healthcare-related products was approximately HKD 1.8 million in 2021, a significant decrease from HKD 14.8 million in 2020, resulting in a segment loss of approximately HKD 0.8 million[27]. - The lending segment generated revenue of approximately HKD 68.1 million, accounting for about 71.1% of the group's total revenue, with interest income increasing from approximately HKD 55.3 million in 2020[22]. - Interest income from clients, including margin and cash clients, was approximately HKD 18.3 million in 2021, up from HKD 12.7 million in 2020[18]. Investments and Acquisitions - The company completed the acquisition of approximately 1.05% of TNG FinTech Group Inc., aiming to enhance synergies within its existing business matrix[8]. - The group acquired 609,000 shares of TNG FinTech Group Inc. for USD 4.2 million (approximately HKD 32.76 million), representing about 1.05% of its issued share capital[33]. - The significant investment in 康健 International Medical Group Limited amounted to 706,342,000 shares, with an investment cost of HKD 866.8 million, representing approximately 9.39% of 康健's issued shares as of December 31, 2021[44]. - The fair value of the investment in 康健 was approximately HKD 310.8 million, accounting for about 19.08% of the group's audited total assets and 19.64% of the group's audited net asset value as of December 31, 2021[44]. - The group recorded a fair value gain of approximately HKD 121.7 million from its investment in 康健 during the year[44]. Market Conditions and Future Outlook - The company anticipates that market conditions in 2022 will be similar to the previous year, with potential social distancing measures due to ongoing COVID-19 variants[11]. - The group plans to explore potential lending opportunities for project financing, subject to market conditions and risk assessments[19]. - The group aims to explore investment opportunities in the healthcare sector, which continues to grow due to increasing health awareness[53]. - The Hong Kong Stock Exchange is expected to see 120 IPOs in 2022, raising approximately HKD 350 to 400 billion, positioning Hong Kong among the top three global IPO markets[50]. Corporate Governance - The company has appointed several independent non-executive directors to enhance governance and oversight[67][71]. - The board proposed a capital restructuring to eliminate the entire amount of the share premium account, which amounted to approximately HKD 3,800.25 million, to increase the company's distributable reserves[47]. - The proposed cancellation of the share premium account was approved by shareholders on June 18, 2021, and became effective on June 21, 2021[47]. - The company has adopted the new corporate governance code effective from January 1, 2022, aiming to enhance shareholder value and transparency[127]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[130]. - The company has maintained compliance with the previous corporate governance code throughout the fiscal year ending December 31, 2021, with a noted deviation in one specific area[127]. Risk Management - The company has established internal controls for handling and disclosing insider information, promoting a culture of transparency and compliance[186]. - The board is responsible for maintaining an effective internal control system and has conducted an annual review of the risk management and internal control systems, ensuring adequate resources and training for staff[185]. - The company employs a "three lines of defense" governance structure for risk management, with risks assessed at least annually based on their likelihood and potential impact[189]. - The company has a risk register to track identified significant risks and actions taken to mitigate them, ensuring proactive risk management[189]. - The effectiveness of the risk management framework is evaluated at least annually, with management meetings held regularly to update on risk monitoring procedures[189]. Shareholder Engagement - Shareholders holding at least 1/20 of total voting rights or 100 shareholders can submit a request for a resolution at the general meeting[200]. - The request must include a resolution and a statement not exceeding 1,000 words signed by all relevant shareholders[200]. - Requests must be submitted at least six weeks before the meeting for resolutions requiring notice, or at least one week for other requests[200]. - Upon verification, the company secretary will request the board to include the resolution in the annual general meeting agenda or call a special general meeting[200].