Stock Market Performance - The stock market in Hong Kong rebounded nearly 18% after a four-year losing streak in 2024[11]. - The Hang Seng Index rose by 3.9% and the Hang Seng China Enterprises Index increased by 9.8% in the first half of 2024[12]. - The Shanghai Composite Index fell by 0.3% and the Shenzhen Component Index declined by 12.0% in the first half of 2024[13]. - The Dow Jones Industrial Average increased by 3.8%, the Nasdaq Composite Index rose by 18.1%, and the S&P 500 Index advanced by 14.5% in the first half of 2024[14]. - The Hang Seng TECH Index declined by 5.6% in the first half of 2024[12]. Financial Performance - The Group recorded a revenue of approximately HK$254,000 for the year ended 31 December 2024, a decrease of approximately 81.8% compared to HK$1,399,000 in the prior year, primarily due to a reduction in interest income[27]. - Gross proceeds from disposals of trading securities were approximately HK$49,114,000 for the Reporting Period, down from approximately HK$62,032,000 for the year ended 31 December 2023[27]. - The Group experienced a realised gain of approximately HK$6,673,000 on equity securities during the Reporting Period, compared to a gain of approximately HK$251,000 in 2023[27]. - A fair value loss of approximately HK$78,891,000 was recorded on equity securities, contrasting with a gain of approximately HK$54,869,000 in the previous year, attributed to poor performance of U.S. equity securities[27]. - The loss attributable to owners of the Company was approximately HK$76,810,000, compared to a profit of approximately HK$53,505,000 in the prior year[27]. - As of 31 December 2024, the Group's net assets were approximately HK$130,064,000, representing a decrease of 30.17% from HK$186,246,000 in 2023[29]. - Financial assets at fair value through profit or loss decreased from approximately HK$172,306,000 in 2023 to approximately HK$115,713,000 in 2024[29]. - The Group had borrowings of approximately HK$13,939,000 as of 31 December 2024, with a gearing ratio of 10.72%, up from 7.70% in 2023[35]. - The Group had available funds of approximately HK$2,662,000 as of 31 December 2024, primarily held in banks and licensed securities firms[34]. Investment Strategy - The Company plans to invest in trading securities, private equity funds, and private enterprises with potential prospects in 2025[22]. - The Board will closely monitor macro trends and seek investment opportunities in China, Hong Kong, and overseas[22]. - The Company aims to implement risk management policies to achieve stable returns on investments for shareholders[22]. - The Group's investment strategy focuses on strengthening existing businesses and financing future investment opportunities domestically and internationally to achieve financial growth and maximize shareholder value[59]. Capital Management - The gross proceeds from the Placing A were approximately HK$10.4 million, with net proceeds of approximately HK$10.2 million intended for investments and repayment of short-term loans[44]. - The Company raised approximately HK$10.2 million from the placing of new shares, with net proceeds of approximately HK$10.2 million intended for investment in listed and/or unlisted securities, repayment of short-term loans, and general working capital[47]. - Approximately HK$6.7 million of the net proceeds was used for investment in listed and/or unlisted securities, approximately HK$2.0 million for repayment of short-term loans and interest, and approximately HK$1.5 million for general working capital[47]. - The Company entered into a placing agreement on 23 August 2024 to issue up to 14,158,848 new shares at a price of HK$0.300 per share, raising gross proceeds of approximately HK$4.3 million and net proceeds of approximately HK$4.2 million[50]. - The intended use of the net proceeds from the Placing B includes approximately HK$3.7 million for investment in listed and/or unlisted securities and approximately HK$0.5 million for general working capital[54]. Corporate Governance and ESG - The ESG Report outlines the Group's commitment to sustainable development and summarizes its ESG initiatives and performances for the financial year ended December 31, 2024[102]. - The Group's core business activities in Hong Kong are highlighted in the ESG Report, incorporating relevant ESG data collected under its direct operational control[103]. - The Board holds ultimate responsibility for monitoring the Group's ESG issues, ensuring effective control of ESG risks and internal control mechanisms[121]. - The ESG Taskforce is responsible for gathering and analyzing ESG-related information, reporting directly to the Board, and ensuring compliance with ESG laws and regulations[122]. - Stakeholder engagement is prioritized, with multi-channel interactions established to gather feedback from key stakeholder groups including shareholders, employees, and regulatory authorities[125]. - The Group conducts materiality assessments to identify and prioritize significant ESG-related issues relevant to its operations and stakeholders[128]. - The Group is committed to high standards in business ethics and aims to improve community and environmental quality, providing long-term returns to stakeholders[115]. - The Group's ESG strategies are guided by stakeholder opinions, ensuring alignment with their expectations and compliance with local laws[126]. - The Group emphasizes transparency in corporate governance to attract investment and enhance shareholder value[120]. Employee Management - The Group employed a total of 5 employees as of December 31, 2024, an increase from 2 employees in 2023[86]. - The remuneration policy for employees is designed to be competitive and aligned with market practices, ensuring effective attraction and retention[87]. - The Group has established a Remuneration Committee to ensure competitive compensation and benefits packages for employees[175]. - No material non-compliance with employment-related laws was reported during the year, ensuring compliance with various ordinances in Hong Kong[176]. - The employee turnover rate remained at 0% for both 2023 and 2024, indicating no employee departures during the reporting period[182]. - The Group emphasizes a fair recruitment process, focusing on candidates' experience and expertise, with periodic reviews to ensure effectiveness[184]. - Employee promotions and career development are based on contributions, with annual performance appraisals determining adjustments and opportunities[185]. - The Group provides attractive benefits, including office insurance and discretionary bonuses, to retain talent and enhance employee loyalty[194]. - Training programs are tailored to specific needs to facilitate employee career advancement, reflecting the Group's commitment to employee development[200]. Environmental Initiatives - The Group achieved a 5% reduction in electricity consumption intensity, non-hazardous waste intensity, and greenhouse gas emissions intensity, all marked as achieved[137]. - Total greenhouse gas emissions decreased from 3.01 tCO2e in 2023 to 2.51 tCO2e in 2024, indicating a positive trend in emissions management[143]. - Scope 2 indirect greenhouse gas emissions increased slightly from 1.80 tCO2e in 2023 to 1.86 tCO2e in 2024[143]. - The Group has implemented paper-saving initiatives to create a paperless working environment, aiming to reduce paper consumption and enhance recycling efforts[148]. - The Group's environmental targets include reducing pollutant emissions and resource consumption as part of its commitment to sustainability[132]. - The Group's non-hazardous waste is primarily paper waste generated from office operations, with minimal anticipated impact[147]. - The Group does not generate hazardous waste due to its office-based operations[151]. - The Group's sewage discharge into land is insignificant, with no significant amount of sewage water discharged during the reporting period[146]. - The Group is committed to integrating sustainability into its business strategy to minimize carbon footprint and strengthen resilience to climate-related risks[131]. - Total non-hazardous waste decreased from 253.49 kg in 2023 to 135.87 kg in 2024, representing a reduction of approximately 46.4%[153]. - Energy consumption increased from 2,640 kWh in 2023 to 2,813 kWh in 2024, marking a rise of about 6.5%[159]. - Energy consumption intensity rose significantly from 41.62 kWh/million rev in 2023 to 56.98 kWh/million rev in 2024, an increase of approximately 37%[159]. - The Group aims to reduce energy consumption intensity by 5% over the next four years, using FY2021 as the baseline[156]. - The Group's water usage records were not accessible during the year due to management by a property management company, but no significant issues in sourcing water were reported[160]. - The Group has implemented measures to monitor and improve indoor air quality, including air purification equipment and regular cleaning of air-conditioning systems[164]. - The Group recognizes the increasing physical risks from climate change, including extreme weather events that may disrupt business operations[166]. - Transition risks related to climate change may lead to increased compliance costs and legal risks, impacting the Group's reputation[173].

Financial Performance - The total revenue for the year ended December 31, 2024, was approximately HKD 254,000, a decrease of 81.8% compared to HKD 1,399,000 for the previous year[3] - The total proceeds from the sale of trading securities amounted to approximately HKD 49,114,000, down 20.8% from HKD 62,032,000 in the previous year[3] - The loss attributable to the owners of the company for the year ended December 31, 2024, was approximately HKD 76,810,000, compared to a profit of HKD 53,505,000 in the previous year[3] - The basic loss per share for the year was HKD 1.08, a decline from earnings of HKD 0.96 per share in the previous year[3] - The company reported a net loss of HKD 72,218,000 from other income/expenses for the year, compared to a net gain of HKD 58,456,000 in the previous year[4] - The company's revenue for the year ended December 31, 2024, was HKD 254,000, a decrease of 81.6% compared to HKD 1,399,000 in 2023[13] - The group recognized a loss attributable to owners of approximately HKD 76,810,000 for the reporting period, compared to a profit of HKD 53,505,000 in the previous year[34] Asset and Equity Changes - The net asset value per share increased to HKD 1.53 from HKD 0.31 in the previous year[5] - The company's total assets less current liabilities were HKD 130,064,000, down from HKD 196,246,000 in the previous year[5] - The net asset value of the group as of December 31, 2024, was approximately HKD 130,064,000, representing a decrease of 30.2% from HKD 186,246,000 in the previous year[35] - The group's shareholders' equity decreased to approximately HKD 130,064,000 as of December 31, 2024, down by about 30.2% from HKD 186,246,000 as of December 31, 2023[36] Investment Performance - The net unrealized loss on financial assets classified at fair value through profit or loss was HKD (78,891,000) in 2024, compared to a gain of HKD 54,869,000 in 2023[14] - The total fair value of financial assets classified at fair value through profit or loss was HKD 115,713,000 in 2024, down from HKD 172,306,000 in 2023[20] - The fair value of listed equity securities in Hong Kong increased to HKD 27,070,000 in 2024 from HKD 12,197,000 in 2023[20] - The fair value of listed equity securities in the United States decreased to HKD 69,067,000 in 2024 from HKD 140,004,000 in 2023[20] - The group's non-listed investments amounted to approximately HKD 48,441,000 as of December 31, 2024, compared to HKD 42,346,000 in the previous year[35] Dividend and Shareholder Returns - The company did not recommend the payment of a final dividend for the year ended December 31, 2024, compared to no dividend in the previous year[3] - The group did not recommend any dividend payment for the years ended December 31, 2024, and 2023[19] - The group recognized dividend income of approximately HKD 254,000 for the year ended December 31, 2024, down from HKD 697,000 in 2023[22] Corporate Governance and Compliance - GSG Group Inc. maintains a high level of corporate governance and has adopted all provisions of the Corporate Governance Code[68] - The board is responsible for ensuring effective risk management and internal control systems, with external consultants reviewing these systems[71] - The audit committee consists of three independent non-executive directors, ensuring the review of financial statements and internal controls to protect shareholder interests[80] - The external auditor has verified that the financial figures in the consolidated financial statements for the year ending December 31, 2024, are consistent with the amounts drafted by the group[81] - The company has adopted the "Standard Code of Conduct for Securities Transactions by Directors" as per the listing rules, confirming compliance by all directors for the fiscal year ending December 31, 2024[78] Future Plans and Developments - LNPR Group Inc. is seeking to list on NASDAQ and has submitted an application to U.S. authorities[27] - There are no major future investment or capital asset acquisition plans disclosed beyond what has been announced[66] - The company will suspend share transfer registration from June 24, 2025, to June 27, 2025, to determine voting rights for the upcoming annual general meeting[79] Employee and Operational Information - As of December 31, 2024, the company had 5 employees, an increase from 2 employees in 2023, with compensation policies aligned with market standards[60] - The company has not declared any dividends for the years ending December 31, 2024, and December 31, 2023[75] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ending December 31, 2024[65] - The company has no significant contingent liabilities or capital commitments as of December 31, 2024[63][67] Share Capital and Financing Activities - The group completed a share placement on July 14, 2023, raising a net amount of approximately HKD 17,102,000[29] - A share consolidation was approved by shareholders on June 27, 2024, resulting in a capital reduction and restructuring of the company's share capital[30][31] - The net proceeds from the placement of new shares on May 13, 2024, amounted to approximately HKD 10.2 million, with intended uses including HKD 6.7 million for investments in listed and/or unlisted securities and HKD 2.0 million for repaying short-term loans[39][41] - The net proceeds from the placement of new shares on August 23, 2024, were approximately HKD 4.2 million, with HKD 3.7 million allocated for investments in listed and unlisted securities[42][45]

Cocoon Holdings Limited 中國天弓控股有限公司 (Incorporated in the Cayman Islands with limited liability and continued in Bermuda with limited liability) (Stock Code 股份代號 : 428) （在開曼群島註冊成立並在百慕達存續之有限公司） 2024 INTERIM REPORT 中期報告 CONTENTS | --- | --- | --- | |-----------------------------------------------------------------------------------|------------------------------------|-----------| | | | Page 頁次 | | CORPORATE INFORMATION | 公司資料 | | | FINANCIAL HIGHLIGHTS | 財務摘要 | | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理 層 討 論 ...

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的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Cocoon Holdings Limited 中國天弓控股有限公司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：428） 截至二零二四年六月三十日止六個月之 未經審核中期業績公佈 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | | 中國天弓控股有限公司（「本公司」）及其附屬公司（統稱為「本集團」）於截至二 | | | 零二四年六月三十日止六個月的財務摘要概述如下： | | – | 於截至二零二四年六月三十日止六個月（「報告期間」），本集團之收入約為 ...

Market Performance - The Hang Seng Index fell by 14% in 2023, reflecting a challenging market environment for Hong Kong and PRC stocks[18]. - The Group anticipates continued struggles for the stock market and economy in Hong Kong and the PRC due to ongoing uncertainties[20]. - The market reached a high of 22,688.9 in January 2023 before facing declines due to interest rate hikes and a sluggish PRC economy[18]. Financial Performance - For the year ended December 31, 2023, the Group recorded a revenue of approximately HK$1,399,000, representing a decrease of approximately 69.3% compared to approximately HK$4,552,000 in the prior year, primarily due to a decrease in interest income[32]. - The Group recorded a net gain attributable to owners of the Company of approximately HK$53,505,000, compared to a loss of approximately HK$48,079,000 in the prior year[32]. - As of December 31, 2023, the Group's net assets were approximately HK$186,246,000, an increase of 57.43% compared to HK$118,301,000 in 2022[34]. - Financial assets at fair value through profit or loss increased from approximately HK$54,202,000 as of December 31, 2022, to approximately HK$172,306,000 as of December 31, 2023[34]. - The Group had available funds of approximately HK$8,137,000 as of December 31, 2023, mainly placed in banks and licensed securities firms[39]. Investment Strategy - The Company plans to invest in trading securities, private equity funds, and private enterprises with potential prospects in 2024[27]. - The Company aims to implement timely investment strategies to enhance its investment portfolio and achieve net asset appreciation[27]. - The Group will closely monitor macro trends and seek investment opportunities in China, Hong Kong, and overseas markets[27]. - The Group focuses on unlocking the value of emerging companies in China, Hong Kong, and overseas through direct investments[120]. Risk Management - The Company will continue to enforce its risk management policy to ensure stable returns on investments for shareholders[27]. - The Group has embedded climate-related risks into its risk management system, focusing on both physical and transition risks associated with climate change[180][181]. - The Group is closely monitoring climate-related risks, including physical and transition risks, and has integrated these into its risk management system[185]. Employee Relations - The Company acknowledges the contributions of its employees, emphasizing their role in the Group's success[28]. - As of December 31, 2023, the total number of employees is 2, with 100% being male and none being female[197]. - The employee turnover rate during the reporting period is 0%, indicating no employees left the company[199]. - The Group recognizes the importance of employees as assets and offers competitive remuneration and benefits to attract and retain talent[191]. Corporate Governance and ESG - The Group is committed to high standards of corporate governance to attract investment and enhance shareholder value[121]. - The Board is responsible for monitoring the Group's ESG issues and conducts materiality assessments to prioritize ESG-related issues[128]. - The ESG Taskforce, comprising the management team, is responsible for collecting and analyzing ESG data and ensuring compliance with ESG-related laws[129]. - The Group emphasizes sustainable development and aims to mitigate potential risks associated with its operations[130]. Environmental Performance - The Group achieved a 5% reduction in electricity consumption intensity, non-hazardous waste intensity, and greenhouse gas emissions intensity, all marked as achieved[145]. - Total greenhouse gas (GHG) emissions decreased to 3.01 tCO2e in 2023 from 4.35 tCO2e in 2022, marking a reduction of about 30.8%[166]. - GHG emission intensity improved to 0.08 tCO2e/million revenue in 2023, down from 0.32 tCO2e/million revenue in 2022, indicating a reduction of approximately 75%[166]. - The Group's environmental objectives include reducing pollutant emissions and resource consumption, with specific targets set for 2024 using 2021 as a baseline[140]. Community Engagement - The Group actively participates in community development through charitable donations and community activities[134]. - Stakeholder engagement is prioritized, with multiple communication channels established to gather feedback from key groups including shareholders, employees, and regulatory authorities[134].

Financial Performance - For the year ended December 31, 2023, the total revenue and proceeds from the sale of trading securities were approximately HKD 1,399,000 and HKD 62,032,000, respectively, compared to HKD 4,552,000 and HKD 8,880,000 in the previous year[3]. - The profit attributable to the owners of the company for the year ended December 31, 2023, was approximately HKD 53,505,000, a significant turnaround from a loss of approximately HKD 48,079,000 in the previous year[3]. - Basic earnings per share for the year ended December 31, 2023, was HKD 0.10, compared to a loss per share of HKD 0.10 in the previous year[4]. - The company reported a total comprehensive income of HKD 50,843,000 for the year ended December 31, 2023, compared to a total comprehensive loss of HKD 48,721,000 in the previous year[4]. - Total revenue for 2023 was HKD 1,399,000, a decrease of 69% compared to HKD 4,552,000 in 2022[17]. - Interest income from loan notes decreased to HKD 702,000 in 2023 from HKD 4,333,000 in 2022, representing a decline of 84%[18]. - The pre-tax profit for 2023 was HKD 53,505,000, a significant recovery from a loss of HKD 48,079,000 in 2022[24]. - Basic earnings per share for 2023 was calculated based on a profit of HKD 53,505,000, compared to a loss of HKD 48,079,000 in 2022[25]. Assets and Equity - The total assets less current liabilities as of December 31, 2023, amounted to HKD 196,246,000, an increase from HKD 131,801,000 in the previous year[6]. - The net asset value per share increased to HKD 0.32 as of December 31, 2023, compared to HKD 0.23 in the previous year[6]. - The company’s total equity as of December 31, 2023, was HKD 186,246,000, up from HKD 118,301,000 in the previous year[6]. - The company’s cash and bank balances increased to HKD 7,799,000 as of December 31, 2023, from HKD 2,046,000 in the previous year[6]. - The company’s financial assets at fair value through profit or loss increased to HKD 172,306,000 from HKD 54,202,000 in the previous year[6]. - The company’s net asset value increased by 57.43% to approximately HKD 186,246,000 as of December 31, 2023, compared to HKD 118,301,000 in the previous year[49]. Dividends and Share Capital - The company did not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[3]. - Dividends recognized in the consolidated income amounted to approximately HKD 697,000 in 2023, compared to HKD 219,000 in 2022[38]. - The total issued and paid-up ordinary shares increased to 604,341,108 shares in 2023 from 518,006,664 shares in 2022, reflecting a rise of 16.7%[28]. - The board does not recommend any dividend payment for the years ended December 31, 2023, and December 31, 2022[85]. Investments and Financial Assets - The fair value gains on listed securities amounted to HKD 54,869,000 in 2023, compared to a loss of HKD 37,578,000 in 2022[19]. - The fair value of listed equity securities increased significantly to HKD 152,201,000 in 2023 from HKD 29,757,000 in 2022, marking a growth of 411.5%[36]. - The company reported a total of HKD 172,306,000 in financial assets at fair value through profit or loss in 2023, compared to HKD 54,202,000 in 2022, showing a substantial increase[36]. - The investment in Readen Holding Corporation had a market value of HKD 6,692,000 in 2023, with a recognized profit of HKD 4,474,000, representing 3.30% of the company's total assets[39]. - The investment in Winchester Holding Group showed a significant increase in market value to HKD 69,888,000 in 2023, with a profit of HKD 69,346,000, accounting for 34.42% of the company's total assets[39]. - The investment in Sante Technology Holdings Inc. had a market value of HKD 43,680,000 in 2023, with a recognized profit of HKD 13,472,000, representing 21.51% of the company's total assets[39]. - The company holds a 7.02% stake in LNPR Group Inc., with a market value of HKD 20,105,000 in 2023, despite a loss of HKD 4,340,000[39]. - The total recognized fair value loss for Perfect Path was HKD 2,662,000 in 2023, compared to HKD 642,000 in 2022[44]. Financial Management and Costs - Financial costs decreased to HKD 1,033,000 in 2023 from HKD 2,059,000 in 2022, a reduction of 50%[20]. - The company has not applied any new accounting standards that have been issued but are not yet effective as of January 1, 2023[13]. - The company expects that the adoption of new accounting standards will not have a significant impact on the consolidated financial statements[14]. - The company’s capital management policy remains unchanged, focusing on balancing debt and equity to maximize shareholder returns[30]. - The company raised approximately HKD 17.3 million from the placement of new shares at a price of HKD 0.200 per share[54]. - Of the net proceeds from the share placement, approximately HKD 7.1 million is intended for investment in listed and/or unlisted securities[54]. Corporate Governance and Compliance - The board is committed to high standards of corporate governance, ensuring transparency and accountability to shareholders[73]. - The company has complied with the corporate governance code, with some deviations noted regarding the separation of roles between the chairman and CEO[74]. - External professional consultants have reviewed the group's risk management and internal control systems, providing recommendations for improvement[78]. - The board believes that the current control systems are effective, supported by adequate employee qualifications and experience[79]. - The company has established a whistleblowing policy to encourage employees to report misconduct in a safe and confidential environment[82]. - The audit committee consists of three independent non-executive directors and reviews financial statements and internal controls to protect shareholders' interests[93]. - The external auditor confirmed that the financial statements for the year ended December 31, 2023, are consistent with the amounts in the draft financial statements[95]. Employment and Operations - The group maintains a total of 2 full-time employees as of December 31, 2023, consistent with the previous year[71]. - There were no capital expenditure commitments as of December 31, 2023[52]. - The group operates as a single business segment focused on investments in listed securities and non-listed investments with profit growth and capital appreciation potential[84]. - The company reported no significant post-reporting period events that require disclosure[46]. - There are no significant contingent liabilities as of December 31, 2023[88]. - The group has not repurchased any of its listed shares during the reporting period[89].

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的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Cocoon Holdings Limited 中國天弓控股有限公司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：428） 有關二零二二年年報的補充公佈 茲提述中國天弓控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二 零二三年四月二十四日刊發的截至二零二二年十二月三十一日止年度的年報（「二 零二二年年報」）。除文義另有所指外，本公佈所用詞彙與二零二二年年報中所界 定及採用者具有相同涵義。 1. 重大投資 除二零二二年年報第141至145頁綜合財務報表附註22及23所呈列的披露外，其中 說明本公司分別於二零二二年十二月三十一日錄得按公允值計入損益的金融資產 約54.2百萬港元及按公允值於其他全面收益列賬之金融資產約24.9百萬港元，本公 司謹此進一步闡明，上述數額分別約佔本公司於二零二二年十二月三十一日的總 資產約133.9百萬港元的40.5%及18.6%。 此外，本公司謹此於 ...

Revenue and Profit Performance - Revenue for the six months ended June 30, 2023, was approximately HK$1.3 million, down from approximately HK$2.4 million for the same period in 2022, representing a decrease of about 45.8%[19]. - Profit attributable to owners of the Company for the Reporting Period was approximately HK$30.6 million, a turnaround from a loss of approximately HK$33.7 million for the Corresponding Period[19]. - Basic earnings per share for the Group were HK cents 5.90 for the Reporting Period, compared to a basic loss per share of HK cents 7.81 for the Corresponding Period[19]. - The Group reported a profit before tax of HK$30,586,000 for the six months ended June 30, 2023, compared to a loss of HK$33,727,000 in the same period of 2022[171]. - The company reported a comprehensive income of HK$30,586,000 for the period, a significant improvement from a comprehensive expense of HK$33,727,000 in the previous year[141]. Investment and Financial Position - Gross proceeds from disposals of trading securities for the Reporting Period were approximately HK$17.6 million, compared to approximately HK$3.8 million for the Corresponding Period, indicating an increase of about 363.2%[19]. - As of 30 June 2023, the Group's net assets were approximately HK$148.9 million, an increase of approximately 25.9% from HK$118.3 million at 31 December 2022[38]. - The financial assets at fair value through profit or loss were approximately HK$139.5 million as of 30 June 2023, compared to HK$54.2 million at 31 December 2022[32]. - The Group's borrowings were approximately HK$14.1 million, with a gearing ratio of approximately 9.5% as of 30 June 2023[38]. - The total financial assets at fair value through profit or loss (FVTPL) increased to HK$139,461,000 as of June 30, 2023, from HK$54,202,000 as of December 31, 2022[191]. Market Conditions and Economic Outlook - The Hong Kong stock market and the PRC stock market experienced vulnerabilities in the first half of 2023, impacting investment conditions[21]. - The economic outlook for Hong Kong remains uncertain due to high interest rates and external factors, impacting investment strategies[25]. - The anticipated strengthening of the US dollar may trigger capital outflows from the Hong Kong stock market, affecting the overall economy[22]. Corporate Governance and Management - The Company has complied with the Corporate Governance Code during the six months ended June 30, 2023, except for the separation of the roles of chairman and chief executive officer[104]. - The position of chief executive officer has been vacant since the resignation of Ms. Chan Carman Wing Yan on June 20, 2022[105]. - The Board will continue to monitor and review the Company's corporate governance practices to ensure compliance with the Code[111]. Shareholder Information and Equity - The Group's shareholder equity increased by approximately 25.9% to about HK$148.9 million as of June 30, 2023, compared to HK$118.3 million as of December 31, 2022[41]. - As of June 30, 2023, Yu Po Kwan holds 61,602,000 ordinary shares, representing 11.89% of the total issued ordinary shares of the Company[101]. - Solution Smart Holdings Limited and SW Venture Asia Limited each hold 5,174,000 ordinary shares, accounting for 1.00% of the total issued ordinary shares[101]. Investment Strategy and Future Plans - The Group aims to invest in trading securities, private equity funds, and private enterprises with potential prospects in the second half of 2023[26]. - The Group's corporate strategy focuses on strengthening existing businesses and financing future investment opportunities domestically and internationally[49]. Cash Flow and Financial Activities - As of June 30, 2023, the Group's available funds were approximately HK$0.8 million, a decrease from HK$4.3 million as of December 31, 2022[41]. - The net cash used in operating activities was HK$1,018,000, a decrease from HK$4,180,000 in the same period of 2022[149]. - The net cash used in financing activities was HK$835,000, a decrease from HK$5,603,000 in the same period of 2022[149]. Other Financial Metrics - Current liabilities increased to HK$6,656,000 in 2023 from HK$2,077,000 in 2022, reflecting a rise of 220%[143]. - Interest income from loans and receivables decreased to HK$702,000 from HK$2,180,000, representing a decline of 68%[157]. - Dividend income from listed investments increased significantly to HK$619,000 from HK$220,000, marking a growth of 181%[157].

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的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Cocoon Holdings Limited 中國天弓控股有限公司 （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：428） 截至二零二三年六月三十日止六個月之 未經審核中期業績公佈 財務摘要 中國天弓控股有限公司（「本公司」）及其附屬公司（統稱為「本集團」）於截至二 零二三年六月三十日止六個月的財務摘要概述如下： – 於截至二零二三年六月三十日止六個月（「報告期間」），本集團之收入及出 售交易證券所得款項總額分別約為1.3百萬港元及17.6百萬港元，而截至二 零二二年六月三十日止六個月（「同期」）則分別約為2.4百萬港元及3.8百萬 港元。 – 於報告期間，本公司擁有人應佔溢利約為30.6百萬港元，而同期則為虧損約 33.7百萬港元。 – 於報告期間，本集團之每股基本盈利為5.90港仙，而同期則為每股基本虧損 7.81港仙。 ...

Financial Performance - The Group suffered a net loss during the Reporting Period due to the impact of COVID-19 and unfavorable market conditions, with the Hang Seng Index falling by 15.46% in 2022[17]. - For the year ended December 31, 2022, the Group recorded a revenue of approximately HK$4,552,000, representing a decrease of approximately 40.9% compared to approximately HK$7,696,000 in the prior year[28]. - The Group recorded a realized loss of approximately HK$1,168,000 on listed securities and a fair value loss of approximately HK$37,578,000 during the Reporting Period[28]. - The net assets of the Group decreased by approximately 18.08% to approximately HK$118,301,000 as of December 31, 2022, down from HK$144,403,000 in the prior year[30]. - The Group's borrowings as of December 31, 2022, were approximately HK$14,162,000, a decrease from HK$21,310,000 in 2021, resulting in a gearing ratio of 11.88%[35]. - The Group's unlisted investments were approximately HK$98,858,000 as of December 31, 2022, down from HK$103,782,000 in the previous year[29]. - The Group had available funds of approximately HK$4,270,000 as of December 31, 2022, primarily held in banks and licensed securities firms[34]. - Impairment losses of various loan notes recognized during the Reporting Period were approximately HK$432,000, a decrease from HK$1,801,000 in the prior year[28]. - The financial assets at fair value through profit or loss decreased from approximately HK$61,938,000 in 2021 to approximately HK$54,202,000 in 2022[30]. - The Group did not have any capital expenditure commitment as of December 31, 2022[36]. Investment Strategy - The Company plans to focus on investing in trading securities, private equity funds, and private enterprises with potential prospects in 2023[19]. - The Group will implement timely and appropriate investment strategies to enhance its investment portfolio and achieve net asset appreciation[19]. - The Company will seek investment opportunities in China, Hong Kong, and overseas markets[19]. - The Company aims to strengthen existing businesses and focus on financing future investment opportunities domestically and internationally to maximize shareholder value[48]. - The expected timetable for fully utilizing unutilized net proceeds is subject to change based on current market conditions and future developments[45]. External Factors - The Company will continue to monitor external factors such as the ongoing COVID-19 pandemic and the Russo-Ukrainian War, which are expected to affect financial performance[18]. - The external environment remains a significant factor influencing the Group's financial performance and operational results[18]. - The Group's financial position will be closely evaluated in light of ongoing global economic challenges[18]. Employee Contributions and Policies - The Company acknowledges the invaluable contributions of its employees in navigating these challenges[25]. - The remuneration policy ensures competitive pay levels to attract and retain employees, with no director involved in deciding their own remuneration[80]. - The Group has established a Remuneration Committee to regularly review its remuneration policy, ensuring that compensation packages are competitive and appealing to employees[175][180]. - The Group emphasizes equal opportunities in recruitment, training, and development, ensuring no discrimination based on gender, ethnicity, or other prohibited factors[191][196]. - The Group's employee benefits include office insurance, employee compensation insurance, and discretionary bonuses to enhance employee loyalty[195]. ESG Commitment - The Group's ESG Report outlines its commitment to sustainable development and summarizes its ESG initiatives and performances for the financial year ended 31 December 2022[98]. - The Group emphasizes strong corporate governance to attract investment and enhance shareholder value, committing to high standards of business ethics[110]. - The Board is responsible for monitoring the Group's ESG issues and conducts materiality assessments to prioritize significant ESG-related issues based on stakeholder feedback[117]. - The ESG Taskforce, comprising the management team, collects and analyzes ESG data, ensuring compliance with relevant laws and preparing ESG reports[118]. - The Group aims to improve the quality of communities and the environment, providing long-term returns to stakeholders through sustainable business practices[115]. Environmental Performance - The Group aims to reduce GHG emissions intensity by 5% through a 3-Year Plan, using FY2021 as the baseline[137]. - Scope 2 indirect GHG emissions decreased from 5.81 tCO2 in 2021 to 2.31 tCO2 in 2022, representing a reduction of approximately 60%[138]. - Total GHG emissions decreased from 7.36 tCO2 in 2021 to 4.35 tCO2 in 2022, a reduction of about 41%[138]. - GHG emissions intensity improved from 0.42 e/mil rev tCO2 in 2021 to 0.32 e/mil rev tCO2 in 2022, indicating enhanced operational efficiency[138]. - The Group did not record any Scope 1 direct GHG emissions due to the absence of machinery and vehicles[132]. - Non-hazardous waste generated was primarily paper waste, with initiatives in place to reduce paper usage as part of decarbonization efforts[141]. - The Group reported no significant non-compliance with laws and regulations regarding emissions and waste management during the year[130]. - The Group's business operations did not generate hazardous waste, aligning with its office-based operational model[141]. - The Group's sewage discharge was minimal, with used water directed to municipal sewage networks[140]. - The Group's commitment to sustainability is integrated into its business strategy, focusing on minimizing carbon footprint and enhancing resilience to climate-related risks[129]. Market and Competitor Analysis - Tencent's net profit for the nine months ended September 30, 2022, was approximately RMB 81,805 million, a decrease from RMB 132,105 million in the same period last year, primarily due to reduced other gains and increased administrative expenses[62]. - The equity attributable to Tencent's equity holders as of September 30, 2022, was approximately RMB 755,920 million[62]. - Alibaba reported a net loss of approximately RMB 2,169 million for the six months ended September 30, 2022, compared to a net income of approximately RMB 46,212 million for the same period last year[67]. - RHCO's net income for the three months ended September 30, 2022, was approximately US$54,000, with a net asset value of approximately US$17.2 million[68]. - Winchester reported a net loss of approximately US$0.1 million for the nine months ended September 30, 2022, with net assets of approximately US$50,000[63]. - The Board believes that RHCO has growth engines that will positively impact its financial performance in the coming years[68]. - The Board expects that the leading position of Tencent will allow it to benefit from the prosperity of the internet industry[62]. - The Board considers the exclusive selling rights of Fiat Professional for Winchester as a catalyst for its growth[63]. - SMIC reported revenue of approximately USD 3,745 million and profit of USD 1,198 million for the six months ended 30 June 2022[74]. - JD.com achieved net revenue of approximately RMB 239.7 billion, with an operating income of RMB 2.4 billion and a net loss attributable to ordinary shareholders of RMB 3.0 billion for the three months ended 31 March 2022[75]. - The Group did not receive any dividends from SMIC during the reporting period, consistent with the previous year[74]. - The Group received a net dividend of approximately HK$ 4,000 from JD.com during the reporting period[75]. Employee Statistics - As of December 31, 2022, the Group employed a total of 2 full-time employees, maintaining the same number as the previous year[79]. - The Group's total number of employees decreased from 3 in 2021 to 2 in 2022, with a turnover rate of 33% due to 1 employee leaving during the year[178][183]. - As of December 31, 2022, all employees were male, with 100% of the workforce being above 45 years old[178][182].