董事會會議召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 FUTURE WORLD HOLDINGS LIMITED 未來世界控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：572） 未 來 世 界 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 八 日（星 期 四）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考 慮 及 批 准 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，並 考 慮 派 發 中 期 股 息（如 有）。 承董事會命 未來世界控股有限公司 主 席 王 茜 香 港，二 零 二 五 年 八 月 十 三 日 於 本 公 告 日 期，董 事 ...

Group 1: Government Policies and Initiatives - The State Council issued an opinion to gradually promote free preschool education, starting from the fall semester of 2025, exempting public kindergarten fees for the last year of preschool education [2] - The People's Bank of China and other departments released guidelines to support new industrialization, focusing on providing long-term financing for key manufacturing sectors like integrated circuits [2][3] - A joint action plan was launched by the National Health Commission and 16 departments to promote a healthy environment in China, aiming for improved drinking water quality and health literacy by 2030 [3] Group 2: Company News and Developments - Haite Development is planning to acquire the controlling stake in Zhixueyun Technology through a cash transaction, with details on price and share percentage still under negotiation [5] - Anker Detection announced a change in its controlling shareholder to Xirui Technology, with the actual controller becoming non-existent, and the stock will resume trading on August 6 [6] - Guizhou Province's market supervision authority held discussions with major travel platforms to address pricing irregularities and ensure compliance with market regulations [3] Group 3: Industry Trends and Insights - The China Chamber of Commerce for Import and Export of Mechanical and Electrical Products issued an initiative against unfair competition in the photovoltaic industry, urging companies to adhere to fair competition principles and focus on quality over quantity [4] - Citic Securities highlighted the importance of the new innovation cycle, particularly in AI, suggesting investment in AI applications and computing power sectors [9] - CICC noted the trend towards lightweight humanoid robots, emphasizing material and structural optimization as key areas for development [9]

Group 1: Corporate Changes and Developments - Anke Detection's controlling shareholder has changed to Xirui Technology, with the stock resuming trading on August 6, 2025 [1] - Ruoyuchen is planning to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange [4] - Daodaquan's controlling shareholder's concerted actor plans to increase its shareholding by 50 million to 100 million yuan [12] Group 2: Financial Performance and Dividend Proposals - Siwei Liekong reported a revenue of 689.19 million yuan for the first half of 2025, a year-on-year increase of 23.35%, and a net profit of 303.55 million yuan, up 59.76%, proposing a cash dividend of 2.10 yuan per share [2] - Zhongchong Co. reported a revenue of 2.432 billion yuan, a 24.32% increase, and a net profit of 203 million yuan, up 42.56%, proposing a cash dividend of 2.00 yuan per 10 shares [2] - Jiuzhou Pharmaceutical reported a revenue of 2.87 billion yuan, a 3.86% increase, and a net profit of 525.83 million yuan, up 10.70%, proposing a cash dividend of 2.00 yuan per 10 shares [2] - Jiahu Energy reported a revenue of 5.01 billion yuan, an 8.31% increase, and a net profit of 580.59 million yuan, up 9.64%, proposing a cash dividend of 2.00 yuan per 10 shares [3] - Haiguang Information reported a revenue of 5.46 billion yuan, a 45.21% increase, and a net profit of 1.20 billion yuan, up 40.78% [5] - Dongmu Co. reported a revenue of 2.93 billion yuan, a 24.51% increase, and a net profit of 260.91 million yuan, up 37.61% [5] - Niuwei Co. reported a total revenue of 340.43 million yuan, a 19.96% increase, and a net profit of 63.68 million yuan, up 30.47% [5] Group 3: Capital Raising and Investments - Haoen Automotive plans to raise no more than 1.105 billion yuan through a private placement for expansion and R&D projects [6] - Shandong Haihua plans to invest 2.32 billion yuan to acquire a 29% stake in Zhongyan (Inner Mongolia) Alkali Industry [9] Group 4: Stock Buybacks and Adjustments - Maiwei Bio plans to adjust its stock buyback price limit from 35.00 yuan to 48.00 yuan per share due to stock price fluctuations [7]

Market Overview - The Shanghai Composite Index returned above 3600 points with a market turnover of 1.62 trillion yuan, an increase of over 90 billion yuan compared to the previous day [1] - More than 3900 stocks closed higher, with 70 stocks hitting the daily limit [1] Sector Performance - The top-performing sectors included military equipment restructuring, PEEK materials, brain-computer interfaces, and high-speed copper cable connections [1] - Conversely, sectors such as Huawei's Pangu and generic drug consistency evaluation saw significant declines [2] Institutional Ratings - A total of 30 buy ratings were issued by institutions today, covering 28 stocks, with Oriental Yuhong and SAIC Motor receiving two buy ratings each [3] - Among the stocks rated, four showed an upside potential exceeding 20%, with Kangyuan Pharmaceutical having the highest potential at 41.48% [3][5] - The automotive sector was the most favored, with seven stocks including SAIC Motor and Yutong Bus receiving buy ratings [3] Institutional Net Buying and Selling - Institutions net bought 12 stocks and net sold 14 stocks, with Dongjie Intelligent leading net purchases at 209 million yuan [6][7] - The top net selling stock was Anglikang, with a net sell of 116 million yuan [6][8] Significant Announcements - Anke Detection announced a change in its controlling shareholder to Xirui Technology, with stock resuming trading on August 6, 2025 [10] - Daodaquan's controlling shareholder plans to increase its stake by 50 to 100 million yuan [10] - Huisheng Biological plans to invest 170 million yuan in upgrading its veterinary raw material production line [11] - Junwei Electronics intends to acquire 100% of Flat Electronics Co., Ltd. for 2.6 billion yen [12] - Jinlei Co., Ltd. reported that its high-end transmission equipment industrial park project has entered the debugging phase as scheduled [13]

Group 1 - The controlling shareholder of Anche Detection will change to Xirui Technology, and the actual controller will become non-existent after the completion of the equity change [2][4][8] - Xirui Technology plans to acquire 6.43% of Anche Detection's shares from the current controlling shareholder, He Xian Ning, as part of the first phase of the share transfer [4][8] - After the completion of the first phase, He Xian Ning will delegate voting rights of an additional 13.57% of shares to Xirui Technology [7][8] Group 2 - Anche Detection focuses on the vehicle inspection industry and is one of the few companies capable of providing both vehicle inspection systems and network supervision systems [9] - The company aims to extend its industrial chain and optimize its revenue structure through acquisitions and the establishment of new inspection stations [9] - Prior to the suspension of trading, Anche Detection's stock price had surged over 11%, closing at 26.01 yuan per share, with a total market value of 6 billion yuan [11]

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: 未來世界控股有限公司 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) | 00572 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 623,700,000 | HKD | | | 0.4 HKD | | 249,480,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 623,700,000 | HKD | | | 0.4 HKD | | 249,480,000 | | 2. 股份分類 | 優先 ...

Core Viewpoint - The military industry stocks showed strong performance on June 25, with companies like Zhongguangxue, Beifang Navigation, and Construction Industry hitting the daily limit up [1] Group 1 - Zhongguangxue stock reached the daily limit up, indicating strong investor interest and confidence in the company [1] - Beifang Navigation also experienced a significant increase, reflecting positive market sentiment towards military-related companies [1] - Construction Industry's stock performance mirrored that of its peers, suggesting a broader trend in the military sector [1]

Financial Performance - The company's revenue for the year ended December 31, 2024, increased to approximately HKD 84,458,000, a 116.8% increase compared to HKD 38,948,000 for the year ended December 31, 2023[11]. - The net profit for the year ended December 31, 2024, was approximately HKD 13,331,000, a significant recovery from a net loss of HKD 152,531,000 in the previous year[12]. - The company recorded a net profit attributable to shareholders of approximately HKD 13,494,000 for the year ended December 31, 2024, compared to a loss of HKD 151,730,000 in 2023[13]. - The company recorded a significant gain of approximately HKD 65,206,000 from major revisions of other borrowings for the year ended December 31, 2024[12]. - The fair value of investment properties showed a loss of approximately HKD 58,399,000 for the year ended December 31, 2024, an improvement from a loss of HKD 67,069,000 in 2023[12]. - The group recorded rental income of approximately HKD 8,881,000 for the year, compared to HKD 6,679,000 in 2023, representing a year-over-year increase of 33.3%[18]. - The group incurred a fair value loss on investment properties of approximately HKD 58,399,000, an improvement from HKD 67,069,000 in 2023, indicating a reduction in losses by 13.5%[18]. - The group recorded segment revenue of approximately HKD 43,580,000 for the year, with a segment loss of approximately HKD 5,382,000, both figures being new for the year[23]. - The total value of the group's properties is approximately HKD 971,414,000, with a significant portion allocated to residential properties[16]. - As of December 31, 2024, the group's securities investment portfolio had a market value of approximately HKD 125,230,000, an increase from HKD 98,987,000 as of December 31, 2023, representing a growth of about 26.4%[25]. Business Expansion and Acquisitions - The company expanded its hotel operations in Shanxi Province, China, with the acquisition of two hotel operating companies and two hotels, which are expected to drive strong accommodation demand[7]. - The company completed the acquisition of a regulated asset management company in January 2025, enhancing its position as a comprehensive financial services provider in Hong Kong[7]. - Following the acquisition of Meilian Property Management, the group generated property brokerage service commission income of HKD 15,819,000 and property management service income of HKD 6,454,000, both of which were not recorded in 2023[18]. - The group completed the acquisition of Shanxi Ronghui Tong Junting Hotel Co., Ltd., expanding its hotel operations and related businesses[20]. - The group has diversified its property investment portfolio through acquisitions in the property brokerage and management sectors, enhancing its service range[18]. - The group completed the acquisition of all equity interests in Shanrong Junting and Shanrong Hotel Management for a total consideration of RMB 17,900,001 on December 29, 2023[62]. - On March 18, 2024, the group entered into an agreement to acquire all equity interests in Shanxi Meilianxing Property for a total consideration of RMB 35,400,000, along with a shareholder loan of RMB 32,000,000[63]. - The acquisition of Zhuosi Investment Holdings was completed on January 28, 2025, for a total consideration of HKD 2,850,005[64][71]. - The group completed the acquisition of Elite Holdings on July 31, 2024, for a total consideration of RMB 26,774,700, which included the issuance of 21,700,000 shares[65]. - The acquisition of Meilianxing Property was completed on October 29, 2024, for a total consideration of RMB 15,000,000[67]. Lending and Receivables - The interest income generated from the lending business for the year was approximately HKD 9,401,000, a decrease of about 27.1% from HKD 12,891,000 in the previous year[32]. - The operating profit from the lending segment for the year was approximately HKD 33,173,000, an increase from HKD 20,034,000 in the previous year[32]. - As of December 31, 2024, the total receivables from loans and interest amounted to HKD 170,863,000, down from HKD 213,272,000 as of December 31, 2023[32]. - The largest borrower, Corporate Borrower A, has an outstanding loan and interest receivable of HKD 103,000,000, representing 66.9% of the total receivables[35]. - The aging analysis of receivables shows that HKD 103,038,000 is overdue but not impaired, while HKD 27,613,000 is overdue between 181 to 365 days[35]. - The total receivables from the top five borrowers account for approximately 97.2% of the total receivables, indicating a high concentration risk[35]. - The company has implemented a credit policy and procedures manual to mitigate business-related risks associated with lending[39]. - The company’s credit assessment process includes evaluating the borrower's financial capacity and the adequacy of collateral provided[42]. - As of December 31, 2024, the estimated credit loss provision for receivables and interest is approximately HKD 16,852,000, a decrease from HKD 24,865,000 as of December 31, 2023, reflecting a reduction of about 32.4%[45]. - The company recorded a credit loss reversal of approximately HKD 8,013,000 for the year, compared to HKD 6,626,000 in the previous year, indicating an increase of about 20.9%[45]. Corporate Governance and Management - The company is committed to maintaining high standards of corporate governance, having adhered to all provisions of the Corporate Governance Code during the fiscal year ending December 31, 2024, with one exception regarding the separation of roles between the Chairman and CEO[157]. - The board consists of eight directors, including six executive directors and three independent non-executive directors, responsible for leading and managing the group, overseeing business strategies and performance[163]. - The company has received annual independence confirmations from all independent non-executive directors, affirming their independence[150]. - The company has established a risk management policy to enhance its ability to prevent risks and ensure stable operations, regularly reviewing and updating its practices[190]. - The board is responsible for ensuring the accuracy and clarity of financial disclosures, including annual and interim reports[198]. - The company has adopted a dividend policy that considers financial performance, shareholder interests, and capital requirements when distributing dividends[197]. - The company emphasizes the importance of maintaining good communication with shareholders and investors through a shareholder communication policy[199]. - The company conducts regular risk monitoring and updates risk management strategies as necessary[196]. - The board will review the communication policy annually to ensure its effectiveness[199]. - The company encourages employees and relevant third parties to report misconduct confidentially under its whistleblowing policy[195]. Employee and Shareholder Information - The total employee cost for the year was approximately HKD 21,007,000, up from HKD 10,054,000 in the previous year, with 597 employees as of December 31, 2024[79]. - The company has adopted a new share option plan effective for approximately ten years, set to expire on June 29, 2031[126]. - The maximum number of shares that can be awarded under the share incentive plan is capped at 10% of the issued shares as of the adoption date, which translates to 2,895,072 shares, representing about 1.25% of the issued share capital as of the report date[132]. - The number of shares that can be awarded to selected individuals is limited to 1% of the issued share capital at the adoption date, equating to 88,039 shares[132]. - The company allows shareholders holding at least 10% of the paid-up capital to convene special general meetings[200]. Environmental and Social Responsibility - The company has integrated environmental, social, and governance risks into its risk management and internal control systems to enhance overall corporate risk management[102]. - The company has maintained stable electricity usage and reduced water consumption as part of its commitment to environmental sustainability[107]. - The company has established an anti-corruption policy that includes specific conduct guidelines for employees to combat corruption[195]. - The company has arranged appropriate insurance coverage for potential legal actions against directors and senior officers related to the group's business[164]. Market and Economic Risks - The company has identified significant economic risks, including prolonged economic downturns and inflation impacts on operations[99]. - The company will continue to review and adjust its business strategies in response to changing market conditions to ensure sustainable development[162].

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 84,458,000, compared to HKD 38,948,000 in 2023, representing a growth of 117%[3] - Gross profit for the same period was HKD 41,782,000, up from HKD 21,637,000, indicating an increase of 93%[3] - Other income and gains significantly rose to HKD 67,875,000 from HKD 2,400,000, marking a substantial increase of 2,826%[3] - The company reported a net profit of HKD 13,331,000 for the year, a turnaround from a net loss of HKD 152,531,000 in the previous year[4] - The total comprehensive income for the year was HKD 6,882,000, compared to a loss of HKD 210,564,000 in 2023, showing a significant recovery[4] - Basic and diluted earnings per share improved to HKD 0.06 from a loss of HKD 1.01 in the previous year[4] - The company incurred financing costs of HKD 7,000,000, compared to HKD 23,969,000 in 2023, reflecting a decrease of 70%[3] - Administrative expenses increased to HKD 47,428,000 from HKD 30,452,000, which is a rise of 56%[3] Assets and Liabilities - As of December 31, 2024, total assets amounted to HKD 1,172,145,000, an increase from HKD 815,435,000 in 2023, reflecting a growth of approximately 43.8%[5] - The net current assets increased significantly to HKD 59,111,000 in 2024 from HKD 28,138,000 in 2023, representing a growth of 110.0%[6] - The company's total liabilities decreased from HKD 495,388,000 in 2023 to HKD 410,486,000 in 2024, indicating a reduction of about 17.2%[5] - The net asset value rose to HKD 848,030,000 in 2024, compared to HKD 801,065,000 in 2023, marking an increase of approximately 5.9%[6] - The company reported a significant increase in investment properties, with a value of HKD 971,414,000 in 2024, up from HKD 770,723,000 in 2023, which is a growth of about 26.0%[5] - The company’s cash and bank balances increased to HKD 99,275,000 in 2024 from HKD 81,721,000 in 2023, reflecting a growth of approximately 21.5%[5] - The company’s lease liabilities rose to HKD 19,743,000 in 2024 from HKD 308,000 in 2023, indicating a substantial increase[6] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming year[2] - Future strategies include potential mergers and acquisitions to enhance market presence and operational capabilities[2] - The company is actively pursuing market expansion strategies, particularly in the high-tech sector, to enhance its investment portfolio and service offerings[8] - The company plans to expand its high-tech business, which currently contributes less than 10% to total revenue[37] - The company aims to diversify its revenue sources to create lasting value for shareholders[166] - The company is focused on future expansion and strategic initiatives[186] Financial Reporting Standards - The group has adopted several revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which will impact the financial performance and disclosures for the current and prior years[11] - The application of the revised Hong Kong Accounting Standard No. 1 clarifies the classification of liabilities as current or non-current, with significant implications for financial reporting[12] - The revised standards do not have a significant impact on the group's consolidated financial statements for the current year[15] - The group is expected to apply the new accounting policies retrospectively for the classification of liabilities as current or non-current[15] - The revised standards will come into effect for annual periods beginning on or after January 1, 2025, 2026, and 2027 for various provisions[19] Revenue Streams - Revenue from hotel operations and related services generated HKD 32,779,000, while property brokerage services contributed HKD 15,819,000, both of which were new revenue streams for the group[23] - Rental income from property investments increased to HKD 8,881,000, up from HKD 6,679,000, reflecting a growth of about 33% year-over-year[23] - Interest income from financing services decreased to HKD 9,401,000 from HKD 12,891,000, indicating a decline of approximately 27%[23] - The company reported a total of HKD 55,215 million in securities trading and investment revenue for 2023, with a notable decline in 2024 projections[1] Acquisitions and Investments - The company acquired 100% equity of Shanxi Ronghui Tong Hotel Management for RMB 15,400,000 (approximately HKD 16,764,000) and 40% of Shanxi Ronghui Tong Junting Hotel for RMB 2,500,001 (approximately HKD 2,721,000)[73][74] - The acquisitions provide a platform for the company to expand and explore new markets in the Chinese hotel industry, with identified net assets totaling HKD 17,923,000[75] - The acquisition of Shanyun Junting and Shanyun Hotel Management resulted in a net cash inflow of approximately HKD 3,605,000[76] - The company completed the acquisition of a licensed asset management company for HKD 2,850,005, enhancing its position as a comprehensive financial service provider in Hong Kong[165] - The company is expanding its property management services and diversifying its investment portfolio in China through recent acquisitions[155] Employee and Corporate Governance - As of December 31, 2024, the group had 597 employees, a significant increase from 14 employees as of December 31, 2023, with total employee costs amounting to approximately HKD 21,007,000[175] - The board does not recommend the payment of a final dividend for the year, maintaining the previous year's position of no dividend distribution[179] - The company has adhered to all corporate governance codes, except for the separation of roles between the chairman and the CEO, which were held by the same individual until July 31, 2024[183] - The company plans to announce the appointment of a new CEO following the resignation of the previous CEO on July 31, 2024[183] Risk Management and Compliance - The company has implemented a set of credit policies and procedures to mitigate business-related risks[128] - The credit assessment process includes evaluating the borrower's repayment ability and potential financial risks[128] - The company adheres to the listing rules regarding loan issuance to borrowers with outstanding loans as of December 31, 2024[131] - The company requires borrowers to submit updated financial documents in case of significant changes in their financial situation[133]

Revenue Performance - The group's revenue for the six months ended June 30, 2024, was HKD 23,598,000, a decrease of 18.3% compared to HKD 28,897,000 for the same period in 2023[7]. - Total revenue for the six months ended June 30, 2024, is HKD 1,243,375,000, an increase from HKD 1,086,983,000 for the same period in 2023, representing a growth of approximately 14.4%[76]. - Shango Holdings Group reported revenue of approximately HKD 3,069,200,000 for the six months ended June 30, 2024, a decrease of about 0.2% compared to HKD 3,074,200,000 for the same period in 2023[16]. - Shanghai Optical Group achieved revenue of approximately RMB 976,400,000 for the six months ended June 30, 2024, an increase of about 17.5% from RMB 831,200,000 in the prior year[16]. - Lingxiong Technology Group recorded revenue of approximately RMB 942,600,000 for the six months ended June 30, 2024, representing a growth of about 14.6% compared to RMB 822,400,000 in the same period of 2023[17]. - Chalk Group reported revenue of approximately RMB 1,630,500,000 for the six months ended June 30, 2024, a decrease of about 3.1% from RMB 1,682,300,000 in the previous year[19]. Profit and Loss - The net profit attributable to the company's owners was approximately HKD 13,089,000, compared to a net loss of HKD 59,810,000 in 2023, resulting in a basic earnings per share of HKD 0.06[7]. - The company reported a net loss of HKD 60.6 million for the six months ended June 30, 2023, compared to a profit of HKD 12.3 million for the same period in 2024[54]. - The company’s operating profit for the six months ended June 30, 2024, was HKD 26.5 million, a significant recovery from an operating loss of HKD 47.3 million in the previous year[54]. - The total comprehensive income for the period was HKD 7,891,000, which includes a profit of HKD 13,089,000, offset by other comprehensive losses[61]. - The company incurred a total loss of HKD 60,635,000 during the period, which includes a loss attributable to owners of the company of HKD 59,810,000[58]. Investment and Acquisitions - The acquisition of the entire equity of Meilian Property Management Co., Ltd. was completed in May 2024, expanding the group's service scope in property brokerage and management[10]. - The group completed the sale of all issued shares of Tianying Limited for HKD 38,000,000 in July 2024, realizing investment projects[10]. - The company has acquired 100% equity of Shanxi Ronghui Tong Junting Hotel Co., Ltd. and Shanxi Ronghui Tong Hotel Management Co., Ltd. to expand its hotel operations in China[33]. - The company completed the acquisition of 100% equity of Shanxi Meilian Property Management Co., Ltd. for approximately HKD 3,654,000 and shareholder loans for approximately HKD 34,394,000[131]. - The company entered into an agreement to acquire Elite Holdings International Limited for a total consideration of approximately RMB 26,775,000, with part of the payment settled through the issuance of shares[136]. Financial Position - The company's total assets increased to HKD 528.8 million as of June 30, 2024, up from HKD 410.5 million as of December 31, 2023[56]. - The total liabilities increased to HKD 573,762,000 as of June 30, 2024, from HKD 424,856,000 as of December 31, 2023, indicating a rise of approximately 35%[76]. - The company’s total liabilities decreased to HKD 4,159,000 as of June 30, 2024, from HKD 42,508,000 at the end of 2023, indicating a reduction in debt[57]. - The company’s equity attributable to owners increased to HKD 808,956,000 as of June 30, 2024, compared to HKD 801,065,000 at the end of 2023[57]. - The company’s retained earnings showed a decrease, with cumulative losses amounting to HKD 685,414,000 as of June 30, 2024[61]. Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of HKD 39,700,000 for the six months ended June 30, 2024, compared to a cash outflow of HKD 62,707,000 for the same period in 2023[62]. - As of June 30, 2024, the total cash and bank balances amount to approximately HKD 135,217,000, an increase from HKD 81,721,000 as of December 31, 2023[35]. - The company reported a net cash outflow from financing activities of HKD 7,179,000 for the six months ended June 30, 2024[62]. - The company has bank borrowings of approximately HKD 182,635,000, which are classified as current liabilities due to repayment terms[67]. - The company has pledged financial assets with a carrying value of approximately HKD 15,129,000 as collateral for other borrowings as of June 30, 2024[96]. Credit and Risk Management - The company has implemented a credit policy to mitigate business-related risks and ensure thorough credit assessments[25]. - The expected credit loss provision for receivables was HKD 17,251,000 as of June 30, 2024, down from HKD 24,865,000 as of December 31, 2023, indicating an improvement in credit quality[97]. - The company confirmed a credit loss provision of zero for rental income receivables as of June 30, 2024, down from HKD 516,000 as of December 31, 2023[103]. - The company has two independent borrowers with receivables totaling approximately HKD 27,613,000 as of June 30, 2024, down from HKD 52,407,000 as of December 31, 2023[98]. - The company has a loan receivable of approximately HKD 65,746,000 related to a debt transfer, with a credit loss provision of zero as of June 30, 2024[103]. Future Outlook and Strategy - The company is exploring opportunities to diversify its revenue sources and create long-term value for shareholders[53]. - The company plans to enhance its market position in hotel operations following the successful acquisition of two hotel operating companies, with trial operations expected to commence in July 2024[53]. - The company aims to expand its service offerings in property management through these acquisitions[130]. - Future outlook remains cautious due to market conditions, with no specific guidance provided for the upcoming quarters[74]. - The management highlighted a strategic plan for potential mergers and acquisitions to drive growth[151].