香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：00612） 暫停非執行董事職權 本公告乃由鼎益豐控股集團國際有限公司（「本公司」，連同其附屬公司統稱「本集 團」）董事（「董事」）會（「董事會」）作出。 茲提述本公司日期為二零二四年十一月八日的公告，當中載明（其中包括）非執行 董事王夢濤先生（「王先生」）及梁文志先生（「梁先生」）自二零二四年十一月初以 來未與本公司聯絡。 儘管本公司多次嘗試與王先生及梁先生聯絡，但彼等仍無故缺乏聯絡。有鑒於此， 董事會已議決暫停王先生及梁先生的一切職權，即時生效。 王先生及梁先生作為非執行董事，並未參與本集團業務及營運的日常管理，故董 事會認為暫停彼等的職權將不會對本集團的業務及營運造成影響。 本公司將於適當時候就王先生及梁先生作出進一步公告。 執行董事 陸侃民 香港，二零二四年十一月二十九日 於本公告日期，執行董事為陸侃民先生及張曦先生；非執行董事為王夢濤先生及 梁文志 ...

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，並明確表示概不會就因本公佈全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：00612） 於二零二四年十月三十一日，本公司之未經審核之每股綜合資產淨值約為0.37港元。 香港，二零二四年十一月十五日 於本公佈刊發時，執行董事為陸侃民先生及張曦先生；非執行董事為王夢濤先生及 梁文志先生；以及獨立非執行董事為荊思源女士、張愛民先生及張強先生。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：00612） 澄清公告 本公司注意到，近期若干媒體提及由中華人民共和國深圳市公安局福田分局（「公 安局」）於二零二四年十一月五日所刊發標題為「情況通報」之通告（「二零二四年 十一月五日通告」）。 二零二四年十一月五日通告指出，「鼎益丰」及其關聯公司發行虛假理財產品「虛 假理財產品和「DDO 數字期權」（屬於「空氣幣」）」，「鼎益丰」因此涉嫌違法。二 零二四年十一月五日通告亦指出，公安局已對「隋某義」、「馬某秋」等人以涉嫌詐 騙依法採取刑事強制措施。 本公司注意到，於二零二四年十一月五日通告中，並未提及「鼎益丰」或其關聯公 司的法定全稱。 本公司謹此聲明，據其所深知、盡悉及確信，(a)於二零二四年十一月五日通告中所 指的「鼎益丰」或其關聯公司並非指本公司或其任何附屬公司；(b) 公安局概無就 通告的內容聯絡本公司或其任何附屬公司（包括該等於中國成立的附屬公司） ...

Financial Position - As of June 30, 2024, the carrying amount of property, plant, and equipment is approximately HKD 356,011,000, including land and buildings in China valued at about HKD 352,712,000[8]. - Non-current assets decreased to HKD 465.193 million as of June 30, 2024, down from HKD 768.987 million at the end of 2023, a reduction of 39.4%[19]. - Current assets also declined to HKD 164.068 million from HKD 298.874 million, representing a decrease of 45.0%[19]. - Total assets less current liabilities decreased to HKD 612,555,000 as of June 30, 2024, down from HKD 1,010,994,000 as of December 31, 2023[20]. - The net asset value dropped to HKD 607,373,000 from HKD 989,245,000 year-over-year, reflecting a significant decline[20]. - The total assets of the group as of June 30, 2024, were HKD 186,866,000, a decrease from HKD 291,117,000 in the previous year[97]. - The company's total assets decreased from HKD 445,705,000 as of December 31, 2023, to HKD 356,011,000 as of June 30, 2024[130]. Revenue and Loss - Total revenue for the six months ended June 30, 2024, was HKD 877 million, a significant increase from HKD 221 million in the same period of 2023, representing a growth of 296.4%[16]. - The net loss attributable to the company's owners for the period was HKD 368.847 million, compared to a profit of HKD 96.96 million in the prior year, indicating a decline of 479.1%[18]. - Total comprehensive loss for the period amounted to HKD 381.358 million, compared to a total comprehensive income of HKD 68.801 million in the same period last year[18]. - The company reported a loss of HKD 368,847,000 for the six months ended June 30, 2024, compared to a profit of HKD 96,960,000 in the same period of 2023[23]. - The company recognized a net loss of HKD 248.638 million from unrealized gains on financial assets measured at fair value through profit or loss, compared to a gain of HKD 140.833 million in the previous year[16]. - The group reported a pre-tax loss of HKD 370,837,000 for the six months ended June 30, 2024, compared to a profit of HKD 103,388,000 for the same period in 2023[104]. Cash Flow and Liabilities - The company reported a net cash position of HKD 105.127 million as of June 30, 2024, down from HKD 173.342 million at the end of 2023[19]. - Current liabilities were reduced to HKD 16.706 million from HKD 56.867 million, a decrease of 70.7%[19]. - The company reported a net cash outflow from investing activities of HKD 18,112,000, compared to HKD 49,234,000 in the previous year[26]. - The group reported total liabilities of HKD 16,889,000, down from HKD 65,239,000 in the previous year, indicating improved financial stability[97]. - The total financial liabilities measured at amortized cost were HKD 21,888,000 as of June 30, 2024, down from HKD 76,590,000 as of December 31, 2023[198]. Impairment and Valuation - The impairment loss recognized for property, plant, and equipment for the six months ended June 30, 2024, is approximately HKD 74,862,000[8]. - The valuation of property, plant, and equipment is identified as a key audit matter due to its significance in the consolidated financial statements[9]. - The group has engaged an independent valuer to determine the recoverable amount of assets, which involves significant judgments and estimates[9]. - The company recognized an impairment loss of approximately HKD 74,862,000 for certain land and buildings during the six months ended June 30, 2024, compared to no impairment loss for the same period in 2023[130]. Compliance and Reporting - The independent auditor's report confirms that the consolidated financial statements fairly present the financial position of the group as of June 30, 2024, in accordance with Hong Kong Financial Reporting Standards[5]. - The financial statements have been prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance[5]. - The group has applied revised Hong Kong Financial Reporting Standards (HKFRS) during the interim period, which became effective on January 1, 2024, with no significant impact on the financial position and performance[28]. - The group has not early adopted any newly issued or revised HKFRS that have been published but are not yet effective, including HKFRS 10 and HKAS 28 regarding asset sales or contributions between investors and their associates or joint ventures[30]. Shareholder Information - The total equity decreased from HKD 989,245,000 to HKD 607,373,000, indicating a significant reduction in shareholder value[21]. - The average number of ordinary shares used for calculating basic loss per share was approximately 1,561,434,000 for the six months ended June 30, 2024[123]. - The total issued and paid-up share capital increased to 1,561,434,000 shares as of June 30, 2024, from 1,420,290,000 shares as of January 1, 2023, reflecting an increase of approximately 9.9%[165]. - The company has not declared an interim dividend for the six months ended June 30, 2024, consistent with the previous year[120]. Employee Benefits and Compensation - The company incurred a total employee benefit expense of HKD 20,179,000, compared to HKD 18,978,000 in the previous year, reflecting an increase in operational costs[99]. - The total remuneration for directors during the six months ended June 30, 2024, was HKD 4,289,000, compared to HKD 4,289,000 for the same period in 2023[106]. - The highest-paid employee's total compensation for the six months ended June 30, 2024, was HKD 1,113,000, down from HKD 1,246,000 in the previous year[120]. Taxation - The tax expense for the current period was a credit of HKD 1,990,000, significantly lower than the tax expense of HKD 6,428,000 in the previous year[103]. - There were no tax losses recognized for the current period, resulting in no tax provisions made for Hong Kong profits tax[104]. - The effective tax rate for the group's Chinese subsidiaries remains at 25% for both periods[104]. Financial Instruments and Risk Management - The group faces equity price risk primarily from investments in listed and unlisted equity securities[199]. - Financial assets and liabilities are recognized when the group becomes a party to the contractual provisions of the instrument, with initial measurement at fair value[63]. - The group uses the expected credit loss model for impairment assessment of financial assets, updating the expected credit loss amount at each reporting date[69]. - The management regularly monitors the investment portfolio to manage price risk associated with financial assets[199].

Financial Performance - The company reported a revenue of HKD 877,000 for the six months ended June 30, 2024, compared to HKD 221,000 for the same period in 2023, representing a significant increase [2]. - The net loss attributable to the company's owners for the period was HKD 368,847,000, a decline from a profit of HKD 96,960,000 in the previous year [3]. - The basic and diluted loss per share was HKD 23.62, compared to earnings of HKD 6.56 per share in the prior year [2]. - Total comprehensive loss for the period amounted to HKD 381,358,000, compared to a comprehensive income of HKD 68,801,000 in the same period last year [3]. - The group reported a pre-tax loss of HKD 368,847,000 for the six months ended June 30, 2024, compared to a profit of HKD 96,960,000 for the same period in 2023 [23]. - The group reported a loss of HKD 76.16 million from impairment losses, compared to a loss of HKD 5.025 million in the previous year [13]. Assets and Liabilities - Non-current assets decreased to HKD 465,193,000 as of June 30, 2024, down from HKD 768,987,000 at the end of December 2023 [4]. - Current assets were reported at HKD 164,068,000, a decrease from HKD 298,874,000 at the end of December 2023 [4]. - The company's total equity decreased to HKD 607,373,000 from HKD 989,245,000 at the end of December 2023 [5]. - Total assets as of June 30, 2024, were HKD 629.261 million, down from HKD 1,067.861 million as of December 31, 2023 [15]. - Total liabilities decreased to HKD 21.888 million from HKD 78.616 million as of December 31, 2023 [15]. - The company has not reported any borrowings as of June 30, 2024, compared to HKD 34,792,000 in borrowings at the end of December 2023 [5]. Cash and Investments - The company’s cash and cash equivalents were reported at HKD 105,127,000, down from HKD 173,342,000 at the end of December 2023 [4]. - The group’s cash balance for securities trading accounts was HKD 18,747,000 as of June 30, 2024, down from HKD 19,315,000 at the end of 2023 [26]. - The fair value of financial assets measured at fair value through profit or loss was HKD 107,619,000 as of June 30, 2024, down from HKD 380,775,000 as of December 31, 2023 [32]. - The company’s non-listed securities investments amounted to approximately HKD 22,308,000 as of June 30, 2024, compared to HKD 22,005,000 as of December 31, 2023 [50]. Shareholder Information - Major shareholders include Hong Kong Ding Yi Feng International Holdings Group Limited with a 12.68% stake and Sui Guangyi with a 22.26% stake as of June 30, 2024 [64]. - The company issued 140,344,000 shares at a price of HKD 1.65 per share, raising approximately HKD 231,568,000 on April 17, 2023 [30]. - As of December 31, 2023, the company had a total of 1,561,434,000 shares issued and fully paid, with a par value of HKD 0.05 per share [30]. Corporate Governance - The company has complied with all applicable provisions of the corporate governance code as of June 30, 2024, except for the noted deviations [67]. - The role of Chairman has been vacant since February 2023, and the board is currently seeking a suitable candidate to fill this position [68]. - The Chairman of the board did not attend the annual general meeting held on June 5, 2024, due to the ongoing search for a suitable candidate [69]. - The audit committee consists solely of independent non-executive directors and is responsible for reviewing the financial reporting process and internal control systems [70]. Strategic Outlook - The company is adopting a cautious strategy to manage its investment portfolio amid high uncertainty in the political and economic environment, including the impact of the upcoming U.S. presidential election and ongoing global conflicts [61]. - The company’s strategy includes long-term securities investments and short-term trading of equity securities, focusing on property development, e-commerce, construction, and innovative technology investments [51].

Financial Assets and Investments - The company's total listed securities classified as financial assets at fair value through profit or loss amounted to approximately HKD 380,775,000 as of December 31, 2023, compared to HKD 604,588,000 in 2022[15] - The company acquired a 10% equity stake in Shanghai Hongpeng Energy Technology Co., Ltd., which focuses on nuclear fusion technology R&D and commercial applications[16] - The company's investment strategy includes long-term equity holdings, medium-term private equity and venture capital, and short-term trading of securities and other financial instruments, covering sectors such as property development, construction, environmental protection, finance, clean energy, and innovation[17] - The company's investment in Shanghai Hongpeng Energy Technology Co., Ltd. amounted to HKD 21,891,000, representing a 2.06% stake[18] - The company holds 14.46% equity in Huayin International Holdings Limited with a market value of HKD 171,930,000 and an unrealized gain of HKD 92,738,000[37] - The company holds 9.76% equity in Chuangye Group (Holdings) Limited with a market value of HKD 94,044,000 and an unrealized gain of HKD 51,046,000[37] - The company holds 0.99% equity in Huizhou Intelligent Technology Group Co., Ltd. with a market value of HKD 91,071,000 and an unrealized gain of HKD 41,954,000[37] - The company holds less than 0.01% equity in Hong Kong Exchanges and Clearing Limited with a market value of HKD 8,040,000 and an unrealized gain of HKD 57,000[37] - The company holds less than 0.01% equity in Tencent Holdings Limited with a market value of HKD 11,744,000 and an unrealized gain of HKD 52,000[37] - The company's investment in Huayin International Holdings Limited has a market value of HKD 422,010,000, representing a 342,818,000 HKD gain from the cost of HKD 79,192,000, with a capital ratio of 14.46%[54] - The company's investment in Chuangye Group (Holdings) Limited has a market value of HKD 72,100,000, representing a 29,102,000 HKD gain from the cost of HKD 42,998,000, with a capital ratio of 11.46%[54] - The company's investment in Tianma Bearing Group Co., Ltd. (now Huizhou Intelligent Technology Group Co., Ltd.) has a market value of HKD 98,779,000, representing a 27,591,000 HKD gain from the cost of HKD 71,188,000, with a capital ratio of 1.41%[54] - The company's investment in Shanghai Hongpeng non-listed securities as of December 31, 2023, was approximately HKD 22,005,000, classified as equity instruments measured at fair value through other comprehensive income[62] - The company's total assets include significant securities investments in Huayin International Holdings Limited, Chuangye Group (Holdings) Limited, and Huizhou Intelligent Technology Group Co., Ltd., each exceeding 5% of the company's total assets[69] - The company's non-listed equity investments, measured at fair value through other comprehensive income, amounted to HKD 22,005,000 in 2023, up from zero in 2022[137] - The company holds a 10% stake in Shanghai Hongpeng Energy Technology Co., Ltd., with a fair value of HKD 22,005,000 and an accumulated unrealized gain of HKD 114,000[139] - The fair value of financial assets measured through profit or loss was HKD 380,775,000 in 2023, down from HKD 604,588,000 in 2022, with a significant portion in Hong Kong-listed equity securities[143] - The company's investment in Hong Kong Exchanges and Clearing Limited (HKEX) had a fair value of HKD 2,993,000 in 2022, representing 0.24% of the company's total assets[152] - The company's investment in Alibaba Group Holding Limited had a fair value of HKD 2,156,000 in 2022, representing 0.29% of the company's total assets[200] Financial Performance and Losses - The company recorded a net loss of approximately HKD 310,932,000 for the year ended December 31, 2023, a decrease of 6.1% compared to the net loss of HKD 331,187,000 in 2022[34] - The company's net loss reduction was partly due to a net gain of approximately HKD 33,196,000 from the sale/write-off of subsidiaries, compared to a net loss of HKD 190,000 in 2022[34] - The company's loss attributable to owners was HK$310,932,000 in 2023, a slight improvement from HK$331,187,000 in 2022[118] - Basic and diluted loss per share remained unchanged at HK$0.20 for both 2023 and 2022, as unexercised share options had an anti-dilutive effect[118] - The pre-tax loss for 2023 was HK$302,526 thousand, an improvement from HK$331,187 thousand in 2022[104] Cash and Bank Balances - The company's bank balances and cash increased to approximately HKD 173,342,000 as of December 31, 2023, representing 16.2% of total assets, up from 8.3% in 2022[21] - The company's total assets included HKD 173,342,000 in bank balances and cash, accounting for 16.2% of total assets as of December 31, 2023[21] Borrowings and Debt - The company's long-term borrowings (unsecured interest-bearing bonds) decreased to approximately HKD 10,102,000 as of December 31, 2023, from HKD 38,532,000 in 2022[21] - The company's short-term borrowings decreased to HKD 34,792,000 in 2023 from HKD 55,440,000 in 2022[41] - The company's capital-to-debt ratio decreased to 4.5% in 2023 from 8.6% in 2022[42] Share Issuance and Capital - The company issued 140,344,000 ordinary shares at HKD 1.65 per share, raising approximately HKD 231,568,000 in April 2023[46] - As of December 31, 2023, the company had utilized 19.6% (HKD 45,500,000) of the raised funds for investments in listed securities and 44.3% (HKD 102,700,000) for general working capital[46] - The company exercised 800,000 share options at HKD 0.808 per share, raising approximately HKD 646,000 in 2023[45] Asset and Liability Changes - The company's total assets decreased to HKD 1,067,861 thousand in 2023 from HKD 1,217,462 thousand in 2022, with non-current assets also declining to HKD 763,606 thousand from HKD 991,118 thousand[92] - The company's total liabilities decreased to HKD 78,616 thousand in 2023 from HKD 120,770 thousand in 2022[92] - Property, plant and equipment decreased to HK$503,908,000 in 2023 from HK$514,683,000 in 2022, with significant additions in vehicles (HK$2,720,000)[120] - Intangible assets decreased to HK$11,509,000 in 2023 from HK$13,301,000 in 2022, mainly due to disposal of subsidiaries[122] Expenses and Costs - The company's financial expenses decreased to HKD 8,797 thousand in 2023 from HKD 16,645 thousand in 2022, primarily due to lower interest expenses on loan notes and bonds[95] - The company's employee benefit expenses increased to HKD 33,975 thousand in 2023 from HKD 29,728 thousand in 2022, including a new HKD 4,335 thousand expense for equity-settled share-based payments[96] - The company recognized an intangible asset impairment loss of HKD 4,811 thousand in 2023, compared to HKD 1,109 thousand in 2022[96] - The company's depreciation expenses for property, plant, and equipment decreased slightly to HKD 12,236 thousand in 2023 from HKD 12,551 thousand in 2022[96] - The company's tax expense for the year 2023 was HK$8,406 thousand, compared to none in 2022[102] - The company's deferred tax expense for 2023 was HK$8,390 thousand[102] - The company's tax impact from unrecognized temporary differences was HK$33,818 thousand in 2023[104] - The company added HKD 2,771 thousand to property, plant, and equipment in 2023, compared to HKD 1,054 thousand in 2022[92] - The total lease cash outflow for the year was HKD 14,653,000, compared to HKD 13,781,000 in 2022, with lease contracts typically ranging from one to three years[132] - Prepayments, deposits, and other receivables totaled HKD 19,315,000 in 2023, up from HKD 11,647,000 in 2022, with non-current assets including lease deposits of HKD 5,381,000[134] Economic and Market Conditions - China's GDP grew by 5.2% in 2023, exceeding the IMF's forecast of 4.6%, with global economic growth projected at 3.1% for 2024[56] - The fair value of the company's financial assets measured at fair value through other comprehensive income was HKD 22,005 thousand as of December 31, 2023, with increased valuation uncertainty due to global economic instability[87] Foreign Currency and Hedging - The company's major financial assets denominated in RMB as of December 31, 2023, amounted to approximately HKD 139,986,000, compared to HKD 131,995,000 in 2022[71] - The company has no formal foreign currency hedging policy but will monitor and consider hedging significant foreign currency risks as needed[71] Capital Commitments and Investments - The company's capital commitments for property, plant, and equipment as of December 31, 2023, were approximately HKD 15,754,000, a decrease from HKD 16,191,000 in 2022[55] - The company's capital commitments for property, plant, and equipment as of December 31, 2023, were approximately HKD 15,754,000, a decrease from HKD 16,191,000 in 2022[55] Interest Income and Expenses - The company's interest income from banks and financial institutions increased significantly to HKD 1,134 thousand in 2023, compared to HKD 252 thousand in 2022[90] Director and Employee Compensation - Total director remuneration for 2023 was HK$15,402 thousand, up from HK$8,682 thousand in 2022[106] - The highest-paid employee received HK$2,364 thousand in 2023, down from HK$4,681 thousand in 2022[113] - The company paid HK$2,037 thousand in insurance premiums for two executive directors in 2023[107] - The company did not provide any joining or departure compensation to directors or top-paid employees in 2023[114] Dividends and Shareholder Returns - The company did not declare any dividends for the year 2023, consistent with 2022[115] Net Asset Value and Share Performance - Net asset value per share decreased to approximately HK$0.63 in 2023 from HK$0.77 in 2022, calculated based on net assets of HK$989,245,000 and 1,561,434,000 issued ordinary shares[117] Impairment and Valuation - Impairment loss of approximately HK$4,811,000 was recognized for the Class 9 regulated activity license in 2023, based on independent valuation[124] - No impairment loss was recognized for cross-border vehicle permits in the fiscal year ending December 31, 2023, compared to a loss of approximately HKD 1,109,000 in 2022[129] Liquidity and Risk Management - The company's liquidity risk management framework maintains sufficient reserves by monitoring forecasted and actual cash flows, with listed securities considered readily realizable[126] Deferred Tax and Tax Uncertainty - The company's deferred tax assets are subject to significant uncertainty, as their recognition depends on future profitability and taxable temporary differences[87]

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 1,134,000, compared to HKD 252,000 for the previous year, representing a significant increase of 350%[18]. - The net loss attributable to the company's owners for the year was HKD 310,932,000, a slight improvement from a net loss of HKD 331,187,000 in the previous year, indicating a reduction in losses by approximately 6%[19]. - The company's basic and diluted loss per share for the year was HKD 20.45, compared to HKD 23.97 in the previous year, reflecting a decrease in loss per share by about 14%[18]. - The group reported a pre-tax loss of HKD 8,797,000 compared to HKD 16,645,000 in the previous year, indicating a reduction in losses[34]. - The group incurred a loss attributable to shareholders of HKD 310,932,000, slightly improved from HKD 331,187,000 in the prior year[50]. - The company recorded a net loss of approximately HKD 310,932,000 for the year ended December 31, 2023, a decrease of about HKD 20,255,000 or 6.1% compared to a net loss of HKD 331,187,000 in 2022[99]. Assets and Liabilities - The total equity of the company as of December 31, 2023, was HKD 989,245,000, down from HKD 1,096,692,000 in the previous year, representing a decline of approximately 10%[12]. - Total assets decreased to HKD 1,067,861,000 from HKD 1,217,462,000, a decline of approximately 12.3% year-over-year[44]. - Total liabilities decreased to HKD 78,616,000 from HKD 120,770,000, a reduction of about 34.9% year-over-year[44]. - The company's non-current liabilities decreased significantly from HKD 38,532,000 to HKD 10,102,000, a reduction of approximately 74%[12]. - The company's reserves decreased from HKD 1,025,678,000 to HKD 911,173,000, reflecting a decline of about 11%[12]. - The net asset value per share was approximately HKD 989,245,000, down from HKD 1,096,692,000 in the previous year[38]. Financial Gains and Losses - The company recorded a net realized gain of HKD 5,870,000 from the sale of financial assets measured at fair value through profit or loss, compared to a net loss of HKD 2,798,000 in the previous year[18]. - The company reported a foreign exchange loss of HKD 15,937,000 for the year, compared to a loss of HKD 51,940,000 in the previous year, indicating an improvement of about 69%[9]. - The group reported a net loss from foreign exchange of HKD 253,000, an improvement from HKD 729,000 in the previous year[45]. - The impairment loss on intangible assets rose to HKD 4,811,000 in 2023 from HKD 1,109,000 in 2022, indicating a significant increase[60]. Investments and Capital Expenditures - The group made capital expenditures of HKD 2,771,000 on property, plant, and equipment, compared to HKD 1,054,000 in the previous year[44]. - The company acquired a 10% stake in Shanghai Hongpeng Energy Technology Co., Ltd., which focuses on research and development of nuclear fusion technology and commercial applications of fusion neutron source products[100]. - The group has a capital commitment of approximately HKD 15,754,000 for properties, plants, and equipment as of December 31, 2023, slightly down from HKD 16,191,000 in 2022[134]. Shareholder Information - The group did not declare any dividends for the year, consistent with the previous year[47]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with no dividend in 2022[132]. Compliance and Standards - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[30]. - The group is in compliance with the applicable regulations of the Cayman Islands Companies Law and the Hong Kong Listing Rules as of December 31, 2023[152]. Employee and Operational Metrics - The group had a total of 28 employees as of December 31, 2023, down from 35 in 2022[153]. - Total employee benefit expenses increased to HKD 33,975,000 in 2023 from HKD 29,728,000 in 2022, reflecting an increase of 14.8%[60]. Future Outlook - The board will continue to seek attractive long-term investment opportunities amid global market volatility[131]. - The group’s investment strategy includes long-term equity investments, mid-term private equity, and short-term trading of securities and other financial instruments[128]. - The board emphasizes prudent management of the investment portfolio to align with shareholder interests[125].

Financial Performance - For the six months ended June 30, 2023, the group achieved a revenue of HKD 221,000, an increase from HKD 149,000 in the same period last year, representing a growth of approximately 48.3%[103] - The group recorded a profit attributable to owners of HKD 96,960,000 for the six months ended June 30, 2023, compared to a loss of HKD 272,278,000 in the previous year[104] - The basic earnings per share for the period was HKD 6.56, a significant improvement from a loss per share of HKD 20.05 in the prior year[103] - The group’s total comprehensive income for the period was HKD 68,801,000, compared to a total comprehensive loss of HKD 301,561,000 in the previous year[104] - For the six months ended June 30, 2023, the company reported a profit of HKD 96,960,000, a significant recovery from a loss of HKD 272,278,000 in the same period last year[124] Assets and Liabilities - As of June 30, 2023, the company's current assets amounted to HKD 8,999,000, while non-current assets totaled HKD 3,817,000, compared to HKD 11,647,000 and HKD 7,529,000 respectively as of December 31, 2022[5] - The company's total assets as of June 30, 2023, amounted to HKD 752,142,000, an increase from HKD 604,588,000 as of December 31, 2022[198] - The company's net asset value rose to HKD 1,397,748,000, up from HKD 1,096,692,000, indicating an increase of about 27.5%[122] - The company's cash and cash equivalents increased to HKD 149,257,000 from HKD 107,309,000, representing a growth of approximately 39.1%[121] - The company’s current liabilities decreased to HKD 59,891,000 from HKD 73,309,000, a reduction of about 18.3%[121] Share Issuance and Capital - The company issued 140,344,000 ordinary shares at a price of HKD 1.65 per share on April 17, 2023, raising approximately HKD 231,568,000[23] - The company issued 37,912,000 ordinary shares at a placement price of HKD 3.05 per share, raising approximately HKD 115,632,000 on May 16, 2022[49] - The company raised HKD 231,567,600 by issuing 140,344,000 ordinary shares at a placement price of HKD 1.65 per share on April 17, 2023, with 8.6% allocated to investments in listed securities and 24.5% for general working capital[68] Expenses and Costs - The group incurred administrative expenses of HKD 66,641,000, up from HKD 51,174,000 in the previous year, indicating an increase of approximately 30.1%[103] - The company reported employee benefits expenses of HKD 4,009,000 for the six months ended June 30, 2023, compared to HKD 3,858,000 for the same period in 2022, reflecting an increase of approximately 3.9%[54] - Total employee costs, including directors' remuneration, decreased slightly to HKD 12,713,000 in 2023 from HKD 12,765,000 in 2022, reflecting a reduction of about 0.4%[138] Investments and Securities - The company has utilized HKD 20,000,000 (8.6% of total proceeds) for investments in Tencent and Alibaba securities[68] - The company held listed equity securities valued at HKD 622,760,000 in Hong Kong and HKD 129,382,000 in China as of June 30, 2023, compared to HKD 505,341,000 and HKD 99,247,000 respectively as of December 31, 2022[198] - The market value of investments in associated companies was reported at HKD 521,000,000 for Tencent Holdings Limited, representing a 14.46% ownership[176] Cash Flow and Liquidity - The group reported a net cash increase of HKD 151,794,000 for the six months ended June 30, 2023, compared to HKD 34,263,000 in the same period of 2022, indicating a substantial improvement in cash flow[153] - The group reported a net cash inflow from investing activities of HKD 20,310,000, contrasting with a net cash outflow of HKD 1,004,000 in the same period last year[109] - The company reported a net cash position of HKD 251,690,000 as of June 30, 2023, compared to HKD 143,937,000 in the same period of 2022, indicating a stronger liquidity position[153] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and confirmed compliance by all directors during the period[77] - The group did not recommend an interim dividend for the six months ended June 30, 2023, consistent with the previous year[139] Risks and Challenges - The geopolitical tensions and economic uncertainties, including the ongoing COVID-19 pandemic and inflation, pose significant risks to the global economy[71] - The group recorded a significant increase in the impairment loss of intangible assets, which rose to HKD 4,759,000 in 2023 from HKD 1,109,000 in 2022, indicating potential challenges in asset valuation[138] Other Notable Points - The company has granted certain former subsidiaries the right to use properties valued at approximately HKD 440,465,000 for free until September 29, 2025, while holding an 18% equity stake in these subsidiaries as of June 30, 2023[1] - The company reported a financial asset measured at fair value through other comprehensive income, with no significant contingent liabilities as of June 30, 2023[33] - The company does not recommend any interim dividend for the period[62]

Financial Performance - The company reported a net profit attributable to shareholders of HKD 96,960,000 for the six months ended June 30, 2023, compared to a loss of HKD 272,278,000 in the same period of 2022, marking a significant turnaround [19]. - Revenue for the period was HKD 221,000, an increase from HKD 149,000 in the previous year, representing a growth of approximately 48.3% [19]. - The company recorded a net unrealized gain of HKD 140,833,000 on financial assets measured at fair value through profit or loss, compared to a loss of HKD 211,323,000 in the prior year [19]. - Basic earnings per share for the period were HKD 6.56, a recovery from a loss of HKD 20.05 per share in the same period last year [19]. - The company reported a profit attributable to owners of HKD 96,960,000 for the six months ended June 30, 2023, compared to a loss of HKD 272,278,000 in the same period of 2022 [38]. - The total comprehensive income attributable to owners of the company was HKD 68,801,000 for the period, compared to a total comprehensive expense of HKD 301,561,000 in the previous period [154]. Assets and Liabilities - Total assets less current liabilities increased to HKD 1,445,790,000 as of June 30, 2023, compared to HKD 1,144,153,000 at the end of the previous year [13]. - The company's cash and cash equivalents rose to HKD 251,690,000 from HKD 101,029,000, indicating improved liquidity [13]. - Non-current assets as of June 30, 2023, amounted to HKD 638,170,000, up from HKD 509,620,000 in 2022, reflecting a 25.3% increase [41]. - Total assets increased to HKD 907,542,000 in 2023 from HKD 604,567,000 in 2022, marking a 50.2% growth [41]. - Total liabilities decreased to HKD 83,419,000 in 2023 from HKD 103,026,000 in 2022, a reduction of 19.0% [41]. - As of June 30, 2023, the company's assets to equity ratio was 4.3%, down from 8.6% as of December 31, 2022 [130]. Expenses and Costs - Administrative expenses increased to HKD 66,641,000 from HKD 51,174,000, reflecting higher operational costs [19]. - Interest expenses on loans and bonds for the six months ended June 30, 2023, totaled HKD 4,280,000, compared to HKD 10,141,000 in 2022, indicating a significant decrease [41]. - Total employee costs, including directors' remuneration, decreased to HKD 12,713 million from HKD 12,765 million, a reduction of approximately 0.4% [44]. Investments and Securities - The company continues to focus on investments in listed and unlisted securities as its primary business strategy [23]. - The company holds investments in listed equity securities, with a market value of HKD 521,000 million in Huayin International Holdings, representing 34.60% of the group's total assets [54]. - The company reported a total of HKD 9,918 million in non-listed equity securities as of June 30, 2023, with no previous value reported [59]. - The company has a total of HKD 93.83 million raised from a placement completed on October 14, 2022, with HKD 40.1 million (42.8% of total proceeds) invested in listed securities and HKD 39.2 million (41.8% of total proceeds) used for general working capital [131]. Share Capital and Equity - The company’s total issued and paid-up share capital as of June 30, 2023, was 1,561,434,000 shares with a par value of HKD 0.05 each [73]. - The company’s share capital increased to HKD 78,072,000 as of June 30, 2023, from HKD 71,014,000 at the beginning of the year [158]. - As of June 30, 2023, the company had a total equity of HKD 1,397,748,000, an increase from HKD 1,272,262,000 as of January 1, 2023 [158]. Governance and Compliance - The board is in the process of identifying a suitable candidate to fill the chairman vacancy, ensuring governance compliance [4]. - The company complied with all applicable provisions of the corporate governance code during the reporting period [149]. - The audit committee, composed solely of independent non-executive directors, reviewed the interim results and financial statements for the period [140]. Risks and Market Conditions - The geopolitical tensions and economic uncertainties, including the ongoing COVID-19 pandemic and inflation, pose significant risks to the global economy [133]. - The company has no foreign currency hedging policy in place as of June 30, 2023, but monitors foreign exchange risks [130]. Other Notable Points - The company did not purchase, sell, or redeem any of its listed securities during the period [2]. - The company has not recognized any tax liabilities in Hong Kong or other jurisdictions for the periods under review [45]. - The company has no significant contingent liabilities as of June 30, 2023, consistent with the previous year [87].

Financial Performance - For the year ended December 31, 2022, the group recorded a net loss of approximately HKD 331,187,000, compared to a net profit of approximately HKD 165,130,000 in 2021, primarily due to unrealized losses on financial assets measured at fair value through profit or loss amounting to approximately HKD 206,646,000[1]. - The total comprehensive income for the year was HKD 186,326,000, which includes a foreign exchange gain of HKD 21,196,000 and a loss of HKD 165,130,000[51]. - The company reported a total comprehensive loss of HKD 383,127,000 for the year, compared to a total comprehensive income of HKD 186,326,000 in the previous year[80]. - The company reported a loss attributable to owners of HKD 331,187,000 for the year ended December 31, 2022, compared to a profit of HKD 165,130,000 in the previous year, representing a significant decline[78]. - Total revenue for the year was HKD 252,000, compared to HKD 480,000 in the previous year, indicating a decrease of approximately 47.5%[78]. - The company incurred a net loss of HKD 206,646,000 from unrealized losses on financial assets measured at fair value through profit or loss, contrasting with a gain of HKD 169,202,000 in the previous year[78]. - The basic and diluted loss per share for the year was HKD 23.97, compared to earnings of HKD 12.36 in the prior year[78]. Financial Position - As of December 31, 2022, the total assets amounted to HKD 1,096,692,000, with a capital reserve of HKD 485,318,000 and accumulated losses of HKD 503,489,000[51]. - The company’s total liabilities increased, with borrowings repayment amounting to HKD 131,300,000, up from HKD 93,000,000 in the previous year[56]. - Total equity decreased from HKD 1,272,262 thousand in 2021 to HKD 1,096,692 thousand in 2022, a decline of approximately 13.8%[85]. - Non-current assets decreased from HKD 1,228,647 thousand in 2021 to HKD 1,001,595 thousand in 2022, a decline of approximately 18.5%[83]. - Current assets decreased from HKD 230,692 thousand in 2021 to HKD 215,867 thousand in 2022, a decline of about 6.5%[83]. - Net current assets increased from HKD 95,817 thousand in 2021 to HKD 142,558 thousand in 2022, an increase of about 48.7%[83]. - The company’s share capital increased from HKD 66,394,000 to HKD 71,014,000 over the year[51]. Investment and Financing Activities - The company raised approximately HKD 115,632,000 from the issuance of 37,912,000 shares at a price of HKD 3.05 per share, with 25.3% of the proceeds used for investments in listed securities[13]. - The net cash generated from financing activities was HKD 102,791,000, a significant improvement from a net outflow of HKD 65,481,000 in the previous year[56]. - The company raised HKD 207,557,000 from issuing shares, compared to HKD 17,813,000 in the previous year[56]. - The company reported a decrease in the fair value of financial assets measured at fair value through profit or loss, with a net unrealized loss of HKD 206,646,000[53]. Risk Management and Compliance - The group has established risk management procedures to identify, measure, monitor, and control various risks associated with its investment portfolio[3]. - The board will continue to seek attractive long-term investment opportunities and manage the investment portfolio in light of global financial market volatility[7]. - The company has complied with all applicable regulations under the Cayman Islands Companies Act and the Hong Kong Listing Rules for the year ended December 31, 2022[15]. - The audit committee is composed of independent non-executive directors, ensuring compliance with listing rules[30]. - The company has maintained an effective internal control system to safeguard assets and protect shareholder interests, providing reasonable assurance against material misstatements[118]. Employee and Governance - As of December 31, 2022, the company had 35 employees, an increase from 32 employees in the previous year[35]. - The company’s remuneration policy for employees is aligned with current market practices and is based on individual performance and experience[35]. - The board of directors confirmed compliance with the standards set out in the corporate governance code for the year ended December 31, 2022[32]. - The company has adopted the standard code for securities transactions by directors as per the listing rules[32]. Tax and Deferred Tax - The income tax expense includes both current tax payable and deferred tax, reflecting the company's tax obligations[194]. - Deferred tax assets and liabilities are reviewed at the end of each reporting period, with adjustments made if sufficient taxable profits are not expected to recover these assets[197]. - The calculation of deferred tax assets and liabilities reflects the expected tax consequences of recovering or settling the carrying amounts of assets and liabilities at the reporting date[198]. Other Financial Information - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective, and expects no significant impact on the consolidated financial statements from these standards in the foreseeable future[65]. - Government grants recognized amounted to HKD 598,000, compared to zero in the previous year[165]. - Actual interest income from lease deposits increased to HKD 358,000 from HKD 248,000 year-on-year[165]. - The company has not disclosed any information regarding major customers due to its investment holding nature[135].