Core Viewpoint - China Financial Investment Management (00605.HK) announced a loan agreement with a principal amount of RMB 19 million, indicating ongoing lending activities and potential growth in the financial services sector [1] Group 1 - The company’s subsidiary, Shenzhen Lingda Microloan, will act as the lender in this agreement [1] - The borrower, referred to as EZ, will receive the loan for a term of one year [1] - The loan agreement is set to be executed on August 1, 2025, highlighting the company's future financial engagements [1]

Core Viewpoint - China Financial Investment Management (00605) announced a loan agreement involving a principal amount of RMB 19 million with a one-year term [1] Group 1 - The loan is provided by Shenzhen Lingda Microfinance, a wholly-owned subsidiary controlled by the company [1] - The borrower in this agreement is identified as EZ [1] - The loan agreement is set to commence on August 1, 2025 [1]

智通财经APP讯，中国金融投资管理(00605)发布公告，于2025年8月1日，公司控制的全资附属公司深圳 领达小贷(作为贷款人)与客户EZ(作为借款人)订立贷款协议，据此，深圳领达小贷同意向借款人授出本 金金额为人民币1900万元的贷款，期限为一年。 ...

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不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之任何損失承擔任何責任。 中國金融投資管理有限公 司 董事會欣然宣佈，於二零二五年八月一日，深圳領達小貸（作為貸款人）與客戶EZ （作為借款人）訂立貸款協議，據此，深圳領達小貸同意向借款人授出本金金額為人 民幣19,000,000元之貸款，期限為一年。 （於香港註冊成立之有限公司） （股份代號：605） 須予披露交易 提供財務資助 提供財務資助 董事會欣然宣佈，於二零二五年八月一日，深圳領達小貸（作為貸款人）與客戶EZ （作為借款人）訂立貸款協議，據此，深圳領達小貸同意向借款人授出本金金額為 人民幣19,000,000元之貸款，期限為一年。 上市規則之涵義 由於按上市規則第14.07條計算向借款人所授出貸款之適用百分比率超過5%但低 於25%，根據上市規則第14章，授出貸款構成本公司之須予披露交易及須遵守通知 及公佈規定。 1 提供財務資助 下文概述貸款協議之主要條款。 貸款協議 | 協議日期 | ︰ | 二零二五年八月一日 | ...

Core Viewpoint - China Financial Investment Management (00605) reported a total revenue of HKD 78.35 million for the fiscal year 2024, representing a year-on-year growth of 20.61% and a return to profitability with a net profit of HKD 41.23 million [3] Financial Performance - The company achieved a net cash flow from operating activities of HKD 73.368 million, which is a decline of 74.42% year-on-year [32] - Basic earnings per share for the year were HKD 0.2, with a weighted average return on equity of 6.45%, an increase of 29.13 percentage points compared to the previous year [29][3] - As of April 28, 2024, the company's price-to-earnings ratio (TTM) is approximately 5.18, the price-to-book ratio (TTM) is about 0.32, and the price-to-sales ratio (TTM) is around 2.72 [3] Revenue Composition - The revenue composition for 2024 includes short-term financing services such as pawn loans and microloans, primarily targeting small and micro enterprises as well as individuals [14] Asset and Liability Changes - As of the end of 2024, the company's cash and cash equivalents decreased by 39.85%, and other non-current financial assets fell by 44.4%, impacting their total asset proportions [37] - Short-term borrowings decreased by 38.68%, and other payables (including interest and dividends) decreased by 4.22%, reflecting a shift in the company's liability structure [40] Liquidity Ratios - The company's current ratio stands at 1.31, indicating a stable liquidity position [44]

Financial Performance - For the fiscal year ending December 31, 2024, the company reported interest and financing advisory service revenue of HKD 101,595,000, a decrease of 22.7% compared to HKD 131,473,000 in 2023[7] - The company achieved a profit attributable to owners of HKD 41,232,000, a significant turnaround from a loss of HKD 159,972,000 in the previous year, representing a 125.8% improvement[7] - Basic earnings per share increased to HKD 0.20 from a loss of HKD 0.79, marking a 125.3% change[7] - The total loan amount for the company was approximately HKD 998,071,000, reflecting a year-on-year decline of about 16.3%[15] - The impairment loss provision for receivables was approximately HKD 27,814,000, a substantial decrease of 84.9% compared to the previous year[15] - Interest and fees decreased by approximately 56.4% to about HKD 29,434,000 from HKD 67,449,000 in the previous year due to a reduction in overall borrowings[25] - The company reported a net profit attributable to owners of approximately HKD 41,232,000, a turnaround from a loss of HKD 159,972,000 in the previous year, primarily due to the settlement of unauthorized loans and guarantees, resulting in a reversal of liabilities totaling approximately HKD 170,311,000[30] - General and administrative expenses increased by 11.9% to approximately HKD 122,933,000, with service fees related to settlements amounting to approximately HKD 24,906,000; excluding these fees, expenses decreased by 10.8% to approximately HKD 98,027,000[29] Risk Management - The company will continue to focus on risk management to ensure long-term stability and development amid challenging market conditions[15] - The overall credit quality and mortgage loan balance remained within a reasonable range despite market adjustments[11] - The company actively reviews and manages its capital structure to ensure sustainable operations and reasonable financing costs[32] - The company is exposed to foreign exchange risk due to its assets and liabilities being primarily denominated in RMB and HKD, with approximately HKD 505,151,000 in unauthorized loans and HKD 260,325,000 in cash equivalents subject to currency fluctuations[43] - The board highlighted various risks including market risk, liquidity risk, and credit risk, emphasizing a comprehensive risk management framework to address these challenges[59][60][61][62] Corporate Governance - The company has a commitment to maintaining high standards of corporate governance, with independent directors actively participating in key committees[49] - The board consists of five members, including one executive director and four independent non-executive directors[125] - The company has adopted the corporate governance code as a benchmark for its governance practices[116] - The independent non-executive directors confirmed their independence in accordance with the listing rules[127] - The board is responsible for leading and monitoring the company's affairs and ensuring effective internal controls and risk management systems[130] - The company has established four committees: audit committee, remuneration committee, nomination committee, and business risk committee[136] - The company provides training for directors on corporate governance and related topics[135] - The company has established a whistleblowing policy to handle any criminal cases, which will be reported to the whistleblowing review committee or directly to the board[184] Strategic Focus - The company plans to optimize product structure and enhance service levels in the micro-loan and mortgage loan sectors to better capture industry growth opportunities[12] - The company aims to create long-term, stable returns for shareholders and stakeholders by strengthening asset structure and risk management[12] - The company expects to benefit from the economic development in mainland China by 2025, despite ongoing challenges in the global and domestic economy[17] - The company aims to restore dividend payments to shareholders as soon as sustainable profitability is achieved[17] - The company is focused on expanding its capital market operations and investor relations, as indicated by the appointment of a dedicated investment director[53] Employee and Management - The company has a strong management team with over 20 years of experience in the banking sector, including Zhang Min's extensive background in financial services[48] - The financial management team, led by the CFO, has over 25 years of experience in finance and accounting, ensuring robust financial oversight[53] - The total employee costs for the fiscal year were approximately HKD 49,424,000, reflecting a decrease of about 8.0% compared to the previous year[38] - The employee compensation policy is based on qualifications, industry expertise, and company performance, with potential discretionary bonuses and stock options[76] Shareholder Information - The company has a total of 115,689,012 ordinary shares, with major shareholders holding 55.28% of the issued share capital[91] - Zhang Xiaolin holds 86,003,712 shares and has a spouse's interest in 29,685,300 shares, while Lu Yun holds 25,365,300 shares and has a spouse's interest in 86,003,712 shares[92] - The company did not recommend any final dividends for the fiscal year 2023, indicating a focus on retaining earnings for future growth[67] - The board of directors may propose and/or declare dividends based on the company's financial condition, subject to shareholder approval[194] Environmental, Social, and Governance (ESG) - The company emphasizes sustainable development as a key to ongoing success and integrates this concept into its business strategy[196] - The board meets at least once a year to discuss and formulate overall environmental, social, and governance (ESG) policies and assess potential impacts and risks[197] - A working group composed of employees from relevant departments systematically manages the company's ESG matters and reports to the board at least annually[198] - The ESG report covers business activities in Beijing, Chengdu, Shenzhen, and Hong Kong, with operations in Chongqing terminated since 2023 due to business restructuring[200]

Financial Performance - The company reported a profit attributable to owners of HKD 41,232,000, a significant recovery from a loss of HKD 159,972,000 in the previous year, representing a 125.8% change [4]. - Basic earnings per share improved to HKD 0.20 from a loss of HKD 0.79, marking a 125.3% increase [4]. - Total comprehensive income for the year was HKD 28,543,000, a recovery from a loss of HKD 167,785,000 in the previous year [5]. - The company reported a pre-tax profit of 41,232,000 HKD for 2024, a significant recovery from a loss of 159,972,000 HKD in 2023 [24]. - The group reported a profit attributable to shareholders of approximately HKD 41,232,000, a turnaround from a loss of about HKD 159,972,000 last year, mainly due to the recovery of liabilities related to unauthorized loans [49]. Revenue and Income - Interest and financing advisory service revenue decreased by 22.7% to HKD 101,595,000 from HKD 131,473,000 [3]. - Total revenue for the year 2024 was HKD 101,595,000, a decrease of 22.7% from HKD 131,473,000 in 2023 [15]. - Interest income and service income net amount for 2024 was HKD 72,161,000, compared to HKD 64,024,000 in 2023, reflecting an increase of 11.3% [15]. - Other income for 2024 was HKD 5,067,000, down from HKD 13,637,000 in 2023, representing a decrease of 62.9% [20]. - Interest and fees decreased by approximately 56.4% to about HKD 29,434,000 from last year's HKD 67,449,000, primarily due to a reduction in overall borrowings and loans [45]. Assets and Liabilities - The company's total assets decreased to HKD 1,294,508,000 from HKD 1,617,216,000, while total liabilities also decreased to HKD 985,685,000 from HKD 1,465,548,000 [6]. - The net asset value increased to HKD 733,660,000 from HKD 699,944,000, indicating a strengthening financial position [7]. - Total receivables decreased to 2,140,875,000 HKD in 2024 from 2,363,211,000 HKD in 2023, reflecting a reduction in outstanding loans [25]. - The company's total borrowings decreased to 661,739,000 HKD in 2024 from 1,079,112,000 HKD in 2023, reflecting a reduction in debt levels [29]. - The total liabilities from unauthorized loans decreased to 113,274,000 HKD in 2024 from 254,340,000 HKD in 2023, showing progress in resolving past issues [31]. Impairment and Asset Quality - The company reported a significant reduction in impairment losses on financial instruments, decreasing to HKD 44,206,000 from HKD 181,566,000 [4]. - The impairment loss on receivables was 44,206,000 HKD in 2024, down from 181,566,000 HKD in 2023, indicating improved asset quality [5]. - The impairment loss provision for receivables was approximately HKD 27,814,000, a significant reduction of about 84.9% compared to the previous year [33]. Operational Efficiency and Strategy - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities in the upcoming fiscal year [4]. - The group aims to maintain a reasonable level of non-performing loans, avoiding significant defaults and asset auctions faced by similar institutions [33]. - The group will continue to monitor market trends closely and adopt prudent strategies while strictly controlling operating costs [34]. Customer and Market Insights - The company did not have any single customer contributing more than 10% of revenue in both 2024 and 2023 [19]. - The contribution of revenue from different operating regions showed a significant change, with Beijing's contribution dropping from 36.9% to 27.9% and Hong Kong's increasing from 27.0% to 30.1% [44]. - As of December 31, 2024, the top five customers accounted for 25.1% of the total outstanding balance of the group's loan portfolio [41]. Employee and Administrative Costs - The company’s employee costs decreased to 49,424,000 HKD in 2024 from 53,694,000 HKD in 2023, reflecting cost management efforts [6]. - General and administrative expenses increased by 11.9% to approximately HKD 122,933,000, with service fees related to settlements accounting for HKD 24,906,000 [48]. Governance and Compliance - The internal control review for the fiscal year showed no significant errors in key operational cycles, indicating effective internal control procedures [71]. - The audit committee, composed of four independent non-executive directors, reviewed the annual financial report and confirmed compliance with relevant financial reporting standards [74]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance throughout the reporting period [72]. Future Outlook - The board is optimistic about the group's future development and aims to restore dividend payments to shareholders as soon as sustainable profitability is achieved [34]. - The company has no plans to declare dividends for both years, maintaining a focus on financial recovery [23].

Financial Performance - Interest and financing advisory service revenue decreased by 24.2% to HKD 51,297,000 compared to HKD 67,694,000 in the previous period[22] - The loss attributable to owners of the company narrowed by 84.4% to HKD 18,323,000 from HKD 117,100,000[22] - Basic loss per share improved by 84.5% to HKD (0.09) from HKD (0.58)[22] - The company reported a net loss of HKD 17,915,000 for the six months ended June 30, 2024, a significant improvement compared to a net loss of HKD 115,345,000 for the same period in 2023, representing a reduction of approximately 84.5%[70] - Total revenue for the six months ended June 30, 2024, was HKD 51,297,000, down from HKD 67,694,000 in the same period of 2023, representing a decrease of approximately 24.2%[84] - The company reported a pre-tax loss of HKD 13,919,000, a significant improvement from a loss of HKD 101,688,000 in the same period of 2023, representing a reduction of approximately 86.3%[77] - The company’s total comprehensive expenses for the period amounted to HKD 21,967,000, down from HKD 135,328,000 in the previous year, representing a reduction of approximately 83.8%[70] Loan and Financing Activities - Total new loans issued in the first half of 2024 amounted to HKD 437,270,000, with total loan balance at HKD 1,173,951,000 as of June 30, 2024[25] - The company charges interest and service fees for loans in China at a monthly effective rate ranging from 0.68% to 3.00%, and in Hong Kong from 0.35% to 4.63%[50] - The typical loan term ranges from 90 days to 30 years[50] - The top five customers accounted for 29.4% of the company's outstanding loan balance[50] - As of June 30, 2024, the total receivables from loans amounted to HKD 962,711,000, slightly down from HKD 969,574,000 at the end of 2023[99] - Total borrowings from independent third parties amounted to HKD 985,484,000 as of June 30, 2024, down from HKD 1,079,112,000 as of December 31, 2023[108] Economic Environment - The real estate development investment in mainland China decreased by 10.1% year-on-year to approximately RMB 5.2 trillion in the first half of 2024[24] - The sales area of new residential properties in mainland China dropped by 21.9% year-on-year, with total sales value declining by 26.9%[24] - The GDP growth rate in mainland China for the first half of 2024 was 5%, despite a decrease in overall financing scale by RMB 3.45 trillion compared to the previous year[24] - The Hong Kong economy showed a GDP change rate of 2.7% in Q1 2024, remaining stable compared to the same period in 2023[24] Cost Management - General and administrative expenses decreased by 14.2% to approximately HKD 42,191,000 during the reporting period[54] - The total employee cost during the reporting period was approximately HKD 20,788,000, a decrease of about 15.6% compared to the previous year[61] - Employee costs decreased to HKD 20,788,000 in 2024 from HKD 24,633,000 in 2023, representing a reduction of approximately 15.5%[88] Governance and Compliance - The management plans to enhance governance structure and internal controls to support future development[28] - The audit committee, composed of four independent non-executive directors, reviewed the interim financial results for the six months ending June 30, 2024, and found them compliant with relevant financial reporting standards[149] - The company has adhered to the corporate governance code, except for certain provisions regarding the separation of roles between the chairman and the CEO[145] - The company confirmed that all directors complied with the company's code of conduct during the reporting period[147] Asset Management - The total assets decreased to HKD 1,498,828,000 as of June 30, 2024, down from HKD 1,617,216,000 at the end of 2023, indicating a decline of approximately 7.3%[72] - The company's net asset value decreased to HKD 675,776,000 from HKD 699,944,000, a decrease of about 3.5%[73] - The company's equity attributable to owners decreased to HKD 598,893,000 from HKD 620,714,000, a decrease of approximately 3.5%[73] Impairment and Provisions - The company reported a significant reduction in impairment losses on financial instruments to HKD 9,970,000 from HKD 79,661,000, a decrease of approximately 87.5%[69] - The group recognized a credit impairment provision of HKD 10,246,000 for the six months ended June 30, 2024, compared to HKD 85,332,000 for the same period in 2023, reflecting a significant reduction in provisions[100] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was HKD 2,468,000, compared to HKD 191,252,000 for the same period in 2023, indicating a decline of approximately 98.7%[79] - The company generated net cash from investing activities of HKD 1,395,000 for the six months ended June 30, 2024, down from HKD 6,208,000 in the prior year, reflecting a decrease of approximately 77.5%[79] - Financing activities resulted in a net cash outflow of HKD 135,105,000 for the six months ended June 30, 2024, compared to an outflow of HKD 152,004,000 in the same period of 2023, showing an improvement of approximately 11.1%[79] Shareholder Information - As of June 30, 2024, the total number of shares held by major shareholders includes 115,689,012 shares, representing 55.28% of the issued share capital[131] - The company did not conduct any equity fundraising activities during the reporting period[139] - The company did not recommend any interim dividend for the period ending June 30, 2023[142]

Financial Performance - Revenue from interest and financing advisory services decreased by 24.2% to HKD 51,297,000 compared to HKD 67,694,000 in the previous year[1] - The loss attributable to the company's owners for the period was HKD 18,323,000, a significant improvement of 84.4% from a loss of HKD 117,100,000 in the same period last year[1] - Basic loss per share improved to HKD (0.09) from HKD (0.58), reflecting an 84.5% reduction in losses[1] - The company reported a pre-tax loss of HKD 13,919,000, an improvement from a loss of HKD 101,688,000 in the previous year[2] - The company reported a pre-tax loss of HKD 18,323,000 for the current period, compared to a loss of HKD 117,100,000 for the same period last year[17] - The company's general and administrative expenses decreased by 14.2% to approximately HKD 42,191,000 during the reporting period[39] - Total employee costs for the reporting period were approximately HKD 20,788,000, a decrease of about 15.6% compared to the previous year[45] Assets and Liabilities - Total assets decreased to HKD 1,498,828,000 from HKD 1,617,216,000, indicating a decline of approximately 7.3%[4] - Current liabilities decreased to HKD 1,325,907,000 from HKD 1,465,548,000, a reduction of about 9.5%[5] - Non-current assets, including goodwill, were valued at HKD 297,967,000, slightly down from HKD 300,073,000[4] - The total equity attributable to the owners of the company decreased to HKD 598,893,000 from HKD 620,714,000, reflecting a decline of about 3.5%[6] - The group’s outstanding borrowings and unsecured bonds were approximately HKD 1,006,047,000, a decrease of about 11.1% compared to the same period last year[41] Cash Flow and Receivables - The net cash and cash equivalents decreased to HKD 320,724,000 from HKD 453,927,000, a decline of approximately 29.2%[4] - As of June 30, 2024, the total receivables amounted to HKD 2,342,347,000, a slight decrease from HKD 2,363,211,000 as of December 31, 2023[19] - The overdue receivables balance as of June 30, 2024, was HKD 622,748,000, down from HKD 636,615,000 as of December 31, 2023, with HKD 565,173,000 overdue for more than 90 days[20] - The company made a credit impairment provision of HKD 10,246,000 for receivables in the six months ending June 30, 2024, significantly lower than HKD 85,332,000 for the same period in 2023[20] - The interest receivables balance as of June 30, 2024, was HKD 5,361,000, compared to HKD 6,199,000 as of December 31, 2023[24] - The overdue interest receivables totalled HKD 3,476,000 as of June 30, 2024, down from HKD 4,520,000 as of December 31, 2023, with HKD 2,399,000 overdue for more than 90 days[25] Revenue Sources - Net interest income and service income for the period was HKD 29,733,000, an increase of 56% from HKD 19,021,000 in the previous year[10] - Other income for the six months ended June 30, 2024, was HKD 1,918,000, down 62% from HKD 5,103,000 in 2023[12] - Interest and financing advisory service revenue for the six months ended June 30, 2024, was approximately HKD 51,297,000, a decrease of about 24.2% compared to HKD 67,694,000 in the same period last year[36] Economic and Market Conditions - The mortgage loan business accounts for 68.2% of the group's total revenue, significantly influenced by the macroeconomic and real estate conditions in mainland China[29] - The real estate development investment in mainland China for the first half of 2024 was approximately RMB 5.2 trillion, a year-on-year decrease of 10.1%[29] - The Hong Kong economy showed a GDP growth rate of 2.7% in Q1 2024, remaining stable compared to the same period in 2023[29] Governance and Future Plans - The group aims to maintain overall business stability while actively seeking new growth opportunities amid a complex economic environment[30] - The group plans to optimize its governance structure and internal controls to support future development[32] - The group is focused on expanding its business in key cities such as Beijing, Chengdu, and Shenzhen, which have shown resilience and development potential[31] Compliance and Corporate Actions - The company did not declare or propose any interim dividends for the current or previous periods[18] - The board does not recommend any interim dividend for the reporting period[53] - The audit committee reviewed the interim results and confirmed compliance with relevant financial reporting standards[57] - The company has not made any significant changes to its financial risk management policies during the reporting period[9] - There have been no significant events occurring after the reporting period up to the announcement date[54]

Financial Performance - The company's interest and financing advisory service revenue for the year 2023 was HKD 131,473,000, a decrease of 34.5% compared to HKD 200,826,000 in 2022[5]. - The loss attributable to owners of the company for 2023 was HKD 159,972,000, representing a significant increase of 204.4% from a loss of HKD 52,553,000 in 2022[5]. - The basic loss per share for 2023 was HKD 0.79, up 203.8% from HKD 0.26 in 2022[5]. - The group's interest and financing advisory service revenue for the fiscal year was approximately HKD 131,473,000, a decrease of about 34.5% from HKD 200,826,000 in the previous year[25]. - The group's financing costs decreased by 50.4% to approximately HKD 67,449,000 from HKD 135,999,000 in the previous year[28]. - The group's general and administrative expenses decreased by 30.6% to approximately HKD 109,908,000[32]. - The total employee cost for the fiscal year is approximately HKD 53,694,000, a decrease of about 24.4% compared to the previous year[42]. Loan and Credit Management - The total loan scale for the group in 2023 was approximately HKD 1,191,946,000, reflecting a year-on-year decline of about 26.7%[12]. - The group made a provision for impairment losses on bad loans amounting to approximately HKD 184,234,000 for the year, indicating a proactive approach to managing credit risk[12]. - As of December 31, 2023, the total outstanding balance of property mortgage loans (net of expected credit losses) accounted for approximately 79.3% of the group's total loan portfolio[23]. - The top five customers accounted for 25.5% of the group's total outstanding loan balance[24]. Market Conditions and Business Environment - The overall economic growth in China for 2023 was 5.2%, but the real estate sector faced significant challenges, with property development investment down nearly 10% year-on-year[8][11]. - The company anticipates that the business environment in 2024 will remain challenging, and it will adopt a prudent approach while strictly controlling operating costs[13]. - The number of properties auctioned in China increased by 36.7% year-on-year, reflecting rising credit risks and shrinking demand in the market[11]. Corporate Governance and Management - The company has established a robust governance structure with various committees overseeing key areas such as audit, remuneration, and risk management[60][62]. - The company has a strong management team with extensive experience in finance, investment, and risk management, enhancing its operational capabilities[64][66]. - The board consists of seven members, including one executive director, one non-executive director, and five independent non-executive directors, ensuring a diverse governance structure[138]. - The board has adopted a diversity policy, ensuring at least one female member and one independent non-executive director residing in Hong Kong[167]. - The company emphasizes the importance of independent judgment in its operations, with all directors having access to necessary information and independent professional advice[146]. Risk Management - The group has implemented a comprehensive risk management framework to regularly review and update risk management policies and procedures in response to market conditions and business strategy changes[73]. - Market risk is defined as the risk of loss in profitability due to market price fluctuations, which the management actively monitors and manages[74]. - Liquidity risk refers to the possibility of failing to meet obligations due to insufficient funds or asset liquidation, with the group maintaining adequate cash levels to mitigate this risk[75]. - Credit risk involves potential losses from customers or counterparties failing to make payments as per contracts, with further details provided in the financial statements[76]. - Operational risk arises from inadequate internal processes, personnel, or systems, which the group mitigates through robust internal controls and clear responsibilities[78]. Shareholder and Investor Relations - The company emphasizes the importance of investor relations and effective communication with stakeholders to support its strategic objectives[66]. - The company will present independent resolutions at shareholder meetings to protect shareholder rights[198]. - Shareholder meetings can be convened upon request by shareholders holding at least 5% of the voting rights[199]. Future Growth and Strategy - The company aims to create sustainable value for customers and shareholders as part of its long-term strategy[14]. - The company is focused on expanding its market presence and exploring new investment opportunities to drive future growth[71]. - The company has plans for future growth, including potential mergers and acquisitions to strengthen its market position[71]. Legal and Compliance - The group is currently facing litigation related to unauthorized loans and guarantees, with a disputed amount totaling approximately RMB 198,700,000[38]. - The group reported no significant violations of applicable laws and regulations that could materially impact its business operations during the reporting period[79]. Employee and Director Compensation - The company has adopted a share incentive plan to reward and retain employees, with a maximum of 21,464,036 shares available for allocation, representing 10% of the issued shares as of the adoption date[89]. - The salary range for senior management is as follows: 3 individuals earned between 0 to HKD 1,000,000, 1 individual earned between HKD 1,000,000 to HKD 1,500,000, and 2 individuals earned between HKD 2,000,001 to HKD 3,000,000[157]. - The company has a compensation clause for directors that has been in effect throughout the financial year[102]. Audit and Financial Reporting - The company’s financial statements were audited by a reputable accounting firm, and a resolution for their reappointment will be presented at the upcoming annual general meeting[126]. - The total fees paid to the auditors during the reporting period amounted to HKD 3,175,000, including HKD 2,650,000 for audit services and HKD 525,000 for non-audit services[190]. - The audit committee conducted three meetings to discuss interim results for the six months ending June 30, 2023, and significant financial reporting matters[154].