Financial Performance - The company reported a net loss of HKD 194.7 million for the year ending December 31, 2024, compared to a net loss of HKD 84.5 million for the previous year, primarily due to unrealized fair value losses of HKD 43 million and share of losses from associates amounting to HKD 60.6 million [6]. - Brokerage commission income from securities trading decreased by 8.3% to HKD 1.1 million, down from HKD 1.2 million in the previous year [8]. - Interest income from margin financing services fell by 58.3% to HKD 9.3 million, compared to HKD 22.3 million in the previous year [8]. - The group recorded total revenue of HKD 36.1 million, a decrease of 40.0% from HKD 60.2 million in the previous year, with financial services segment revenue at HKD 10.5 million [37]. - The group reported a net loss of HKD 194.7 million, compared to a net loss of HKD 84.5 million in the previous year, with basic and diluted loss per share at HKD 0.0315 [38]. - As of December 31, 2024, the group's total assets were HKD 3,217.8 million, down from HKD 3,888.4 million in 2023, and net assets were HKD 3,036.2 million [39]. - The group's cash and cash equivalents stood at HKD 282.4 million as of December 31, 2024, compared to HKD 348.1 million in 2023, maintaining a strong liquidity position with a current ratio of 7.1 [42]. - The company reported a reserve available for distribution to shareholders of approximately HKD 2,679,176,000 as of December 31, 2024, down from HKD 3,356,198,000 in 2023, representing a decrease of about 20.1% [73]. Credit Risk Management - The company maintains a unique lending model focusing on high-quality borrowers, including listed companies and individuals with valuable assets, ensuring low credit risk [9]. - The credit committee, consisting of two directors with over 20 years of experience in finance and credit, is responsible for assessing credit risks and approving loan applications [11]. - The company has implemented internal controls for credit risk assessment, requiring potential borrowers to disclose financial information and undergo legal due diligence [12]. - Loan terms are tailored based on the borrower's financial needs and credit risk assessment, with interest rates reflecting market conditions [13]. - The company actively monitors loan repayment status and communicates with borrowers to address any repayment difficulties [15]. - In cases of overdue loans, the company contacts borrowers to remind them of potential legal actions and seeks to understand the reasons for delays [16]. - As of December 31, 2024, the total net receivables from loans amounted to HKD 626,300,000, a significant increase from HKD 272,500,000 in 2023 [20]. - Interest income from receivables for the year was HKD 28,900,000, representing a 97.9% increase compared to HKD 14,600,000 in the previous year [21]. - The impairment provision for outstanding loans and interest increased to HKD 40,800,000 from HKD 11,100,000 in 2023, reflecting a rise of HKD 29,700,000 [25]. - New loans and interest classified as performing amounted to HKD 492,600,000, with a provision for losses of HKD 12,800,000 [29]. - The company provided attractive interest rates as low as 3% to maintain good relationships with borrowers who met satisfactory credit assessment results [21]. - The company has established a credit risk classification system to evaluate each receivable loan individually [24]. Investment Performance - The tactical and strategic investments segment reported a loss of HKD 46,300,000 for the year, compared to a loss of HKD 26,500,000 in the previous year [28]. - The company has a diversified investment portfolio, with significant holdings in listed and unlisted shares, including a 12.52% stake in Shengjing Bank [30]. - The company plans to consider liquidating certain investments based on internal resource requirements and alternative investment opportunities [28]. - The largest borrower accounted for HKD 59,800,000, approximately 9.5% of total receivables, while the top five borrowers collectively represented 41.6% of total receivables at HKD 260,300,000 [22]. Corporate Governance - The board of directors includes a mix of executive and independent non-executive members, ensuring compliance with independence guidelines [74]. - The audit committee consists of four independent non-executive directors and is responsible for reviewing the financial reporting process and internal controls [129]. - The board is responsible for overseeing the company's management, business strategies, policies, and annual budgets, ensuring effective governance [139]. - The company has complied with the corporate governance code as per the listing rules during the fiscal year ending December 31, 2024 [135]. - The nomination committee evaluates the independence of non-executive directors annually to ensure effective governance [151]. - The company has established procedures for directors to seek independent professional advice at the company's expense when necessary [139]. - The board actively participates in the subsidiary and associate companies' board meetings to ensure alignment with the company's overall strategy [148]. - The board emphasizes the importance of diversity, with 57% male and 43% female employees as of December 31, 2024 [175]. Employee Compensation and Shareholder Relations - The company continues to prioritize employee compensation based on market practices and individual performance, including salaries and discretionary bonuses [51]. - The remuneration policy for employees is determined by the remuneration committee based on performance, qualifications, and capabilities [121]. - The company has not sought shareholder approval to renew the share incentive authorization since it expired on June 12, 2023, resulting in no reward shares being available for issuance in the fiscal year ending December 31, 2024 [98]. - The company has established a shareholder communication policy to ensure effective communication with shareholders [188]. - The board reviewed the implementation and effectiveness of the shareholder communication policy during the year [191]. - The company is committed to enhancing communication with investors and maintaining open dialogue with institutional investors and analysts [188]. ESG Commitment - The company is committed to ESG reporting, covering environmental and social performance for the fiscal year ending December 31, 2024, in accordance with the Hong Kong Stock Exchange's guidelines [197]. - The ESG report includes key performance indicators (KPIs) and compliance with relevant laws and regulations, highlighting the company's operational impact in Hong Kong [199]. - The company emphasizes the importance of stakeholder feedback in assessing the materiality and relevance of ESG issues [200]. - The report outlines the management, measurement, and monitoring systems implemented for ESG strategies, detailing the company's operational priorities and goals [198].

Financial Performance - For the year ended December 31, 2024, total revenue decreased to HKD 36,052,000 from HKD 60,224,000 in 2023, representing a decline of approximately 40%[5] - The net loss for the year was HKD 194,680,000, compared to a net loss of HKD 84,486,000 in 2023, indicating an increase in losses of approximately 130%[6] - The total comprehensive loss for the year amounted to HKD 699,769,000, compared to HKD 1,567,457,000 in 2023, showing a reduction of about 56%[6] - Basic and diluted loss per share increased to HKD 3.15 from HKD 1.38, reflecting a rise of approximately 128%[6] - The company reported a total revenue of HKD 36,052,000 for the year ending December 31, 2024, a decrease from HKD 60,224,000 in 2023, representing a decline of approximately 40%[16] - Interest income from margin clients decreased to HKD 9,277,000 in 2024 from HKD 22,315,000 in 2023, a decline of about 58%[16] - The company’s total interest income for 2024 was HKD 40,942,000, slightly down from HKD 42,817,000 in 2023, indicating a decrease of about 4%[16] - The company’s advisory and commission income was HKD 1,091,000 in 2024, down from HKD 3,377,000 in 2023, reflecting a decline of approximately 68%[16] - The company’s financial services segment reported a total revenue of HKD 10,494,000, while the strategic investment segment reported a loss of HKD 46,347,000 in 2024[21] - The company’s total classified loss for the year was HKD 83,120,000, compared to a profit in the previous year, indicating significant operational challenges[21] Assets and Liabilities - Non-current assets decreased to HKD 1,951,122,000 from HKD 2,743,941,000, a decline of approximately 29%[7] - Current assets increased to HKD 1,266,662,000 from HKD 1,144,449,000, representing an increase of about 11%[7] - The company's equity attributable to owners decreased to HKD 3,032,018,000 from HKD 3,731,045,000, a decrease of approximately 19%[8] - Total assets as of December 31, 2024, were HKD 3,217.8 million, a decrease from HKD 3,888.4 million in 2023[79] - The company's net asset value as of December 31, 2024, was HKD 3,036.2 million, down from HKD 3,731 million in 2023[79] - Cash and cash equivalents as of December 31, 2024, were HKD 282.4 million, compared to HKD 348.1 million in 2023[81] - The current ratio as of December 31, 2024, was 7.1, slightly down from 7.5 in 2023[81] - The total amount of other payables and accrued expenses decreased to HKD 8,688,000 in 2024 from HKD 23,487,000 in 2023, a reduction of about 63%[52] Impairments and Losses - The company's financial assets at fair value through profit or loss recorded a net loss of HKD 15,249,000, a significant decline from a gain of HKD 419,000 in the previous year[5] - The company recognized an impairment loss of HKD 29,630,000 on receivables for the year ended December 31, 2024, compared to a reversal of impairment loss of HKD 23,528,000 in 2023[50] - The company reported a net impairment loss of HKD 248,000 on membership bonds for the year ended December 31, 2024, compared to no impairment loss in 2023[48] - The group reported a net unrealized fair value loss of approximately HKD 449,420,000 for the year ending December 31, 2024, compared to HKD 1,465,461,000 in 2023[37] Investments and Strategic Direction - The company continues to engage in strategic investments and financial services, including securities brokerage and asset management[9] - The company has no major investment or capital asset plans as of December 31, 2024, indicating a cautious approach to future investments[76] - The company has divested its entire investment in ZhongAn Online P&C Insurance, indicating a shift in investment strategy[75] - The company’s investment in Shengjing Bank, with total assets of RMB 1,068.305 billion and net profit of RMB 0.592 billion, is viewed as strategically valuable[74] Credit and Loan Management - The company’s credit services focus on high-quality borrowers, including listed companies and individuals with substantial assets, ensuring low credit risk[61] - The credit committee, consisting of two directors with over 20 years of experience in finance and credit, is responsible for assessing credit risks and approving loan applications[61] - The loan approval process includes a thorough evaluation of the borrower's credit history, income, and collateral, ensuring tailored loan terms based on individual financial needs[64] - The total net receivables for loans as of December 31, 2024, amounted to HKD 626,300,000, a significant increase of 130.0% from HKD 272,500,000 in 2023[69] - Interest income from receivables for the year was HKD 28,900,000, representing a 97.9% increase compared to HKD 14,600,000 in the previous year[70] Corporate Governance and Future Plans - The company introduced new disclosure requirements to enhance transparency regarding supplier financing arrangements and their impact on liabilities and cash flow[14] - The company is committed to improving the classification of liabilities as current or non-current to enhance consistency in financial reporting[13] - The board of directors includes the chairman and executive director, Shen Qingxiang, along with other executive and independent non-executive directors[97] - The 2025 Annual General Meeting is scheduled for June 13, 2025, with a share transfer registration suspension from June 10 to June 13, 2025[95]

Financial Performance - The company reported a net loss of HKD 111.7 million for the six months ended June 30, 2024, compared to a net profit of HKD 11.8 million for the same period in 2023, primarily due to unrealized fair value losses of HKD 42.1 million and losses from associates of HKD 41.9 million [3]. - Total revenue for the group during the reporting period was HKD 22,200,000, a decrease of 44.5% compared to HKD 40,000,000 in the previous period [28]. - The group recorded a net loss of HKD 111,700,000, compared to a net profit of HKD 11,800,000 in the previous period, primarily due to unrealized fair value losses of HKD 42,100,000 [28]. - The financial services segment generated revenue of HKD 4,700,000, down from HKD 20,800,000 in the previous period [28]. - The strategic investment segment reported a net loss of HKD 45,300,000, compared to a loss of HKD 20,500,000 in the previous period [28]. - The credit services segment recorded a net loss of HKD 6,700,000, down from a profit of HKD 25,600,000 in the previous period [28]. - Total comprehensive expenses for the period amounted to HKD 557,425,000, an increase from HKD 324,294,000 in the previous year [52]. - The company reported a significant increase in other income to HKD 5,391,000 from HKD 17,907,000, a decrease of 69.9% [51]. - The company reported a pre-tax loss of HKD 111,424 million for the six months ended June 30, 2024, compared to a pre-tax profit of HKD 14,168 million for the same period in 2023 [64][65]. Revenue and Income Sources - Brokerage commission income from securities brokerage services decreased by 66.7% to HKD 200,000, down from HKD 600,000 in the previous period [5]. - Interest income from margin financing services fell by 77.5% to HKD 4.5 million, compared to HKD 20 million in the previous period [5]. - Interest income amounted to HKD 19,301 million, a decrease from HKD 35,199 million in the previous year, reflecting a decline of about 45.1% [64]. - Interest income from bank deposits for the six months ended June 30, 2024, was HKD 4,338,000, up from HKD 2,778,000 in the same period of 2023 [72]. - The company received dividends of HKD 2,806,000 during the reporting period, down from HKD 6,129,000 in the previous year [60]. Credit and Loan Management - The company focuses on providing large loans to high-quality borrowers, including listed companies and individuals with valuable assets, ensuring a low credit risk profile [7]. - The credit committee, composed of two directors with over 20 years of experience in finance and credit, is responsible for assessing credit risk and approving loan applications [7]. - The company has implemented internal controls for credit risk assessment, requiring potential clients to disclose various financial and legal information [8]. - Loan terms are tailored based on the client's financial needs and credit risk assessment, with interest rates determined by market rates and credit risk evaluations [9]. - The company actively monitors loan repayment status daily, with the credit committee communicating with borrowers to ensure timely repayments [11]. - The company has established a credit risk classification system to assess the impairment of receivables based on current and future economic conditions [16]. - Legal actions may be initiated against borrowers who fail to respond positively regarding overdue loans, with considerations for the value of pledged assets [12]. - The impairment provision for outstanding receivables and interest increased to HKD 20,200,000 as of June 30, 2024, up from HKD 11,100,000 on December 31, 2023, reflecting a rise of HKD 9,100,000 [18]. - The company recognized a net impairment loss of approximately HKD 9,093,000 on receivables during the reporting period [92]. Asset and Liability Management - As of June 30, 2024, the group's unaudited total assets were HKD 3,356,500,000, down from HKD 3,888,400,000 as of December 31, 2023 [29]. - The group's unaudited net assets as of June 30, 2024, were HKD 3,173,600,000, compared to HKD 3,731,000,000 as of December 31, 2023 [29]. - The company's total liabilities increased, leading to a cumulative loss of HKD (394,702,000) as of June 30, 2024 [54]. - The total liabilities as of June 30, 2024, were HKD 182,895,000, compared to HKD 157,345,000 as of December 31, 2023, indicating an increase in liabilities [70]. - The company's cash and cash equivalents decreased by HKD 79,582,000 during the reporting period, resulting in a balance of HKD 268,429,000 at the end of June 2024 [60]. - The company's cash and cash equivalents as of June 30, 2024, were HKD 70,380,000, down from HKD 280,614,000 as of December 31, 2023 [70]. Share Capital and Equity - The group issued 75,000,000 new ordinary shares under the share incentive plan adopted in December 2019 [29]. - The total number of shares issued by the company is 6,184,259,139 shares [39]. - The total issued and paid-up share capital as of June 30, 2024, was HKD 309,213,000, an increase from HKD 305,463,000 as of December 31, 2023, representing a growth of approximately 0.57% [97]. - The company did not recommend any interim dividend for the reporting period [34]. - The board of directors did not recommend any interim dividend for the reporting period [34]. - The company has not granted any new options under the 2012 Share Option Scheme during the six months ended June 30, 2024 [42]. - The 2012 Share Option Scheme was adopted to recognize contributions and attract qualified personnel, but it expired on May 17, 2022, with no further options to be granted [41]. - The company has not reported any options granted, exercised, canceled, or lapsed under the 2012 Share Option Scheme during the six months ended June 30, 2024 [42]. - The 2022 Share Option Scheme allows for a maximum of 610,925,913 shares to be granted, representing approximately 10% of the total issued shares as of June 30, 2024 [43]. - No share options were granted, exercised, cancelled, or lapsed under the 2022 Share Option Scheme during the six months ending June 30, 2024 [43]. Management and Governance - The management will continue to adopt a cautious approach in response to the challenging global business environment [33]. - The company expresses gratitude to all employees for their efforts and contributions during the reporting period [38]. - The company has confirmed that all directors complied with the trading standards during the reporting period [38]. - There have been no changes in director information since the company's annual report date up to the date of this interim report [48]. Investment and Market Outlook - The company aims to build a resilient and robust investment portfolio to create value for shareholders despite an uncertain overall economic outlook [27]. - Future Capital and Hope Capital are expected to benefit from favorable government policies aimed at stimulating the real estate market and attracting family offices to Hong Kong [26][27]. - The company continues to engage in strategic investments and financial services, including securities brokerage and asset management, despite the challenging market conditions [63]. - The report indicates that the company is adopting new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial performance for the current period [63]. - Future outlook and specific strategies for market expansion or new product development were not detailed in the provided documents [66]. Fair Value Measurements - The fair value measurement of assets and liabilities is classified into three levels, with Level 1 being the highest, based on observable market data [104]. - The fair value of listed equity securities as of June 30, 2024, was HKD 976,343,000, down from HKD 1,251,030,000 as of December 31, 2023 [81]. - The fair value of non-listed equity securities is HKD 550,541,000, down from HKD 645,727,000 as of December 31, 2023 [105]. - The fair value of investment properties remains unchanged at HKD 86,530,000 as of June 30, 2024 [105]. - The fair value of listed equity securities designated at fair value through other comprehensive income in Hong Kong is HKD 941,273,000 and in the US is HKD 35,070,000, compared to HKD 1,220,886,000 and HKD 30,144,000 respectively as of December 31, 2023 [105].

Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 22,218,000, a decrease of 44.8% compared to HKD 39,958,000 for the same period in 2023[1]. - The company reported a net loss of HKD (111,664,000) for the period, compared to a profit of HKD 11,781,000 in the same period last year[2]. - The company recorded a total comprehensive loss of HKD 19,888,000 for the six months ended June 30, 2024, compared to a profit of HKD 19,210,000 for the same period in 2023[9][11]. - The group recorded total revenue of HKD 22,200,000, a decrease of 44.5% compared to HKD 40,000,000 in the previous period[58]. - The group incurred a net loss of HKD 111,700,000, compared to a net profit of HKD 11,800,000 in the previous period[58]. Income and Expenses - Interest income decreased to HKD 19,301,000 from HKD 35,199,000, representing a decline of 45.1%[1]. - Other income fell to HKD 5,391,000, down 69.9% from HKD 17,907,000 in the prior year[2]. - The company incurred financing costs of HKD 2,676,000 for the six months ended June 30, 2024, down from HKD 8,059,000 in the same period in 2023[15]. - The company’s operational expenses increased to HKD 39,969,000 for the six months ended June 30, 2024, compared to HKD 22,576,000 in the same period in 2023[15]. - The company recognized a net impairment loss of approximately HKD 9.1 million on receivables for the six months ended June 30, 2024[14]. Assets and Liabilities - Total assets decreased to HKD 3,178,605,000 from HKD 3,736,368,000, reflecting a decline of 14.9%[3]. - Current assets increased to HKD 1,180,966,000 from HKD 1,144,449,000, showing a slight growth of 3.2%[3]. - The company’s net asset value as of June 30, 2024, was HKD 3,173,620,000, down from HKD 3,731,045,000 at the end of 2023[3]. - The company’s total borrowings as of June 30, 2024, were HKD 68,500,000, slightly down from HKD 68,300,000 as of December 31, 2023[60]. - The asset-to-equity ratio was 1.6% as of June 30, 2024, compared to 1.4% as of December 31, 2023, reflecting a stable financial structure[61]. Shareholder Information - Basic and diluted loss per share was HKD (1.81), compared to earnings of HKD 0.19 per share in the previous year[2]. - The weighted average number of ordinary shares for calculating diluted loss per share increased to 6,175,605,293 for the six months ended June 30, 2024, from 6,109,259,139 in 2023[21]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[18]. - The company repurchased 1,026,000 shares at a total cost of HKD 141,288 during the reporting period[69]. Investment Activities - The company continues to engage in strategic investments and financial services, including securities brokerage and asset management[4]. - The company’s total other receivables amounted to HKD 641,018,000 as of June 30, 2024, compared to HKD 464,628,000 as of December 31, 2023[29]. - The company held a debt investment in the form of preferred notes amounting to HKD 30,000,000 as of June 30, 2024, with an annual interest rate of 9.5%[26]. - The fair value losses on investments in Co-Lead Holdings Limited, Future Capital Group Limited, and Green River Associates Limited were approximately HKD 38,760,000, HKD 41,000,000, and HKD 15,426,000 respectively for the six months ended June 30, 2024[24]. - Future Capital Group Limited is expected to benefit from the Hong Kong government's easing of mortgage regulations to stimulate the real estate market[55]. Credit Services - The company’s brokerage commission income decreased by 66.7% to HKD 200,000, down from HKD 600,000 in the previous period[40]. - Interest income from margin financing services fell by 77.5% to HKD 4.5 million, compared to HKD 20 million in the previous period[40]. - The company has 17 clients for its credit services, all of whom are independent third parties[48]. - The largest borrower accounted for HKD 58,500,000, which is approximately 11.4% of the total receivables, while the top five borrowers collectively accounted for HKD 232,000,000, or about 45.1% of total receivables[49]. - The company offers loans with interest rates ranging from 5% to 9%, with some loans secured by collateral and personal guarantees[48]. Risk Management - The group maintained a conservative risk management approach and will continue to review and adjust business strategies in response to future challenges[64]. - The credit committee, composed of two directors with over 20 years of experience in finance and credit, is responsible for assessing credit risk and approving loan applications[42]. - The company has established internal controls for credit risk assessment, requiring potential clients to disclose various financial information[43].

Financial Performance - The company reported a net loss of HKD 84,500,000 for the year ended December 31, 2023, compared to a net loss of HKD 81,100,000 for the year ended December 31, 2022[74]. - The company reported total revenue of HKD 60,200,000 for the year, a decrease of 44.9% compared to HKD 109,200,000 in the previous year[197]. - The financial services segment generated revenue of HKD 25,700,000, up from HKD 22,900,000 year-on-year[197]. - The tactical and/or strategic investment segment reported revenue of HKD 19,900,000, down from HKD 52,600,000 in the previous year[197]. - The credit services segment achieved revenue of HKD 14,600,000, compared to HKD 33,700,000 last year[197]. - Basic and diluted loss per share for the year was HKD 1.38, compared to HKD 1.33 in the previous year[197]. Loan and Credit Management - As of December 31, 2023, the total net receivables from loans amounted to HKD 272,500,000, a decrease of 10.9% from HKD 306,000,000 in 2022[21]. - The interest income from receivables for the year was HKD 14,600,000, representing a significant decrease of 56.7% compared to HKD 33,700,000 in the previous year[32]. - The company provided loans to 11 clients, with the largest borrower accounting for HKD 70,600,000, which is approximately 25.9% of the total receivables[22]. - The company has set aside a provision for loan losses amounting to HKD 4,100,000 for new receivables and interest of HKD 205,200,000 classified as performing[26]. - The company has established a credit risk classification system for loans, assessing each receivable loan individually[34]. - The company only provides loans to recognized and reputable clients, ensuring a strong credit assessment process[76]. - The management team actively monitors outstanding loan repayments and communicates with borrowers to ensure timely repayments[71]. Investment Strategy - The company aims to create a resilient and robust investment portfolio that adds value to shareholders through strategic investments and divestments[36]. - The company believes that its investments in Shengjing Bank, ZhongAn Online, and Haotian International hold strategic value for long-term growth[40][51][52]. - The company plans to consider liquidating certain investments based on internal resource requirements and alternative investment opportunities[36]. - The tactical and strategic investments segment reported a loss of HKD 26.5 million, an improvement from a loss of HKD 39.9 million in the previous year[45]. Corporate Governance - The company complied with the corporate governance code, except for the provision C.2.1 regarding the separation of roles between the chairman and the CEO[123]. - The audit committee, composed of four independent non-executive directors, regularly meets with senior management and auditors to review financial reporting and internal controls[120]. - The board believes that the internal control system and risk management functions are essential, with the board playing a crucial role in their implementation and oversight[146]. - The company is committed to maintaining good corporate governance practices and transparency towards shareholders and stakeholders[159]. - The board consists of 7 members, including 3 executive directors and 4 independent non-executive directors, ensuring a clear separation of roles between the chairman and the CEO[159]. Liquidity and Financial Ratios - The group's liquidity remains strong, with a current ratio of 7.5 as of December 31, 2023, up from 3.9 in 2022[84]. - Total borrowings decreased to HKD 51,200,000 as of December 31, 2023, down from HKD 294,000,000 in 2022[84]. - The debt-to-equity ratio improved to 1.4% as of December 31, 2023, compared to 5.6% in 2022, indicating better liquidity and effective financial management[84]. Market Conditions and Future Outlook - The company anticipates that the global business and investment environment will remain challenging and uncertain, with the Hong Kong economy requiring more time to recover to pre-COVID-19 levels[187].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 60,224,000, a decrease of 44.8% compared to HKD 109,193,000 in 2022[13]. - The company reported a net loss of HKD 84,486,000 for the year, compared to a loss of HKD 81,088,000 in 2022, reflecting a 4.9% increase in losses[13]. - The company’s total interest income for 2023 was 10,291,000 HKD, down from 13,902,000 HKD in 2022, indicating a decline of approximately 26.5%[35]. - The company recorded a net loss of HKD 84,500,000 for the year, compared to a net loss of HKD 81,100,000 in the previous year, with basic and diluted loss per share at HKD 0.0138[142]. - The company recognized a loss from the fair value of financial assets amounting to approximately 5,152,000 HKD in 2023, compared to a loss of 266,894,000 HKD in 2022[33]. Assets and Liabilities - The total assets decreased to HKD 2,743,941,000 from HKD 3,921,321,000, representing a decline of 30%[21]. - The total liabilities decreased significantly to HKD 152,022,000 from HKD 474,508,000, a reduction of 68%[21]. - The net asset value decreased to 3,731,045,000 HKD in 2023 from 5,278,315,000 HKD in 2022, indicating a decline of about 29.3%[41]. - The group’s total liabilities decreased to HKD 1,481,217,000 in 2023 from HKD 402,241,000 in 2022, indicating a significant increase in liabilities[124]. - The group held secured bank loans of HKD 51,235,000 as of the reporting period, compared to HKD 53,199,000 in 2022[200]. Cash and Cash Equivalents - The company’s cash and cash equivalents stood at HKD 348,050,000, a slight decrease from HKD 368,819,000 in the previous year[21]. - The group’s cash and cash equivalents were reported at HKD 425,000 as of December 31, 2023, compared to HKD 5,472,000 in 2022, showing a decrease of approximately 92.2%[119]. Revenue Segments - Interest income from margin clients increased to 22,315,000 HKD in 2023, compared to 18,907,000 HKD in 2022, representing a growth of approximately 17.4%[48]. - The financial services segment generated revenue of 3,377,000 HKD in 2023, down from 3,992,000 HKD in 2022, a decrease of about 15.4%[34]. - The financial services segment reported a profit of HKD 7,500,000, down from HKD 8,800,000 in the previous year, while the tactical and strategic investment segment incurred a loss of HKD 50,800,000, an improvement from a loss of HKD 73,900,000[142]. Expenses - The company incurred total operating expenses of HKD 46,617 million in 2023, down from HKD 59,935 million in 2022, showing a reduction in costs[57]. - Employee benefit expenses, including directors' remuneration, decreased to HKD 16,900 million in 2023 from HKD 24,534 million in 2022, reflecting cost-cutting measures[71]. - The company’s legal and professional fees for marketing expenses totaled HKD 4,192 million in 2023, compared to HKD 8,306 million in 2022, indicating a strategic reduction in marketing costs[57]. Equity and Shareholder Information - The total equity decreased from 5,278,315,000 HKD in 2022 to 3,731,045,000 HKD in 2023, a reduction of about 29.3%[41]. - The basic and diluted loss per share for 2023 was HKD (1.38), slightly worse than HKD (1.33) in 2022[73]. - The company did not recommend any dividend payment for the year ended December 31, 2023, consistent with the previous year[72]. Investment and Fair Value - The company recognized a fair value loss of approximately HKD 140,000,000 on its investment in Future Capital Group Limited during the year, consistent with the previous year's loss of HKD 31,000,000[98]. - The company reported a significant unrealized loss on financial assets of HKD (46,427) million in 2023, compared to HKD (92,557) million in 2022, suggesting a reduction in market volatility impact[70]. - The company held a 7.88% stake in Co-Lead Holdings Limited as of December 31, 2023, up from 2.18% in 2022, with a fair value loss of approximately HKD 9,877,000 recognized during the year[92]. Future Outlook and Management - The company plans to continue prudent capital management and liquidity risk management policies to navigate future challenges[140]. - The company plans to maintain a conservative and balanced risk management approach while regularly reviewing and adjusting business strategies[184].

Financial Performance - The group recorded total revenue of HKD 40,000,000, a decrease of 45.45% compared to the previous period's HKD 73,300,000[12]. - The net profit for the group was HKD 11,800,000, a significant improvement from a net loss of HKD 39,400,000 in the previous period[32]. - Total revenue for the six months ended June 30, 2023, was HKD 39,958,000, a decrease from HKD 73,253,000 in the same period of 2022, representing a decline of approximately 45.5%[61]. - The company reported a profit of HKD 11,781,000 for the period, a significant recovery from a loss of HKD (39,449,000) in the same period last year[61]. - The total comprehensive loss for the period was HKD (324,294) thousand, compared to HKD (336,593) thousand in the same period last year, representing an improvement of approximately 3.9%[63]. - The company reported a net loss of HKD 11,781 thousand for the period, compared to a net loss of HKD 86,065 thousand in the previous year, showing a significant reduction in losses[91]. Segment Performance - The financial services segment generated a profit of HKD 14,100,000, up from HKD 5,900,000 in the previous period[32]. - The strategic investment segment reported a loss of HKD 20,500,000, reduced from HKD 40,800,000 in the previous period[32]. Assets and Liabilities - As of June 30, 2023, the group's total assets were HKD 5,280,300,000, down from HKD 5,754,100,000 as of December 31, 2022[13]. - The group's net asset value as of June 30, 2023, was HKD 4,964,100,000, compared to HKD 5,278,300,000 at the end of 2022[13]. - Total liabilities were reported at HKD 316,198 thousand as of June 30, 2023[137]. - The group’s total liabilities decreased to 2,830,601 thousand HKD as of June 30, 2023, from 3,186,010 thousand HKD as of December 31, 2022, indicating a reduction of about 11.1%[186]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 218,065, a decrease of 50.3% compared to HKD 438,315 for the same period in 2022[115]. - The net cash used in investing activities was HKD 28,536, a significant improvement from a net cash outflow of HKD 679,249 in the previous year[115]. - The net cash used in financing activities amounted to HKD 121,105, compared to HKD 29,606 in the same period last year, indicating increased financing activities[115]. Investment and Strategic Focus - The group plans to continue prudent capital management and liquidity risk management policies to address future challenges[11]. - The group continues to focus on strategic investments and value creation through selective investments and divestitures, demonstrating resilience in adverse market conditions[118]. - The group has established criteria for identifying suitable investments and has a strategy for divesting certain investments based on internal resource requirements and alternative investment opportunities[118]. Market Outlook - The group expects market conditions to gradually improve despite an uncertain overall economic outlook[11]. Employee and Operational Costs - Employee benefit expenses decreased to HKD (8,708,000) from HKD (14,359,000), showing a reduction of about 39.5%[61]. - The company achieved a significant reduction in financing costs, which decreased to HKD (8,059,000) from HKD (11,277,000), a decline of approximately 28.5%[61]. Share Capital and Equity - The total number of issued shares as of June 30, 2023, was 6,109,259,139[54]. - The company's equity attributable to shareholders decreased to HKD 4,964,115 thousand as of June 30, 2023, from HKD 5,278,315 thousand at the beginning of the year[91]. Foreign Exchange and Other Income - The company recorded a foreign exchange loss of HKD (2,049) thousand during the period[91]. - Other income for the period was HKD 17,907,000, up from HKD 11,243,000 in the prior year, marking an increase of approximately 59.5%[61].

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 39,958 thousand, a decrease of 45.5% compared to HKD 73,253 thousand for the same period in 2022[1] - Net loss from financial assets at fair value through profit or loss was HKD (2,001) thousand, a significant decline from a gain of HKD 38,697 thousand in the previous year[1] - Interest income increased to HKD 35,199 thousand, up 9.5% from HKD 32,141 thousand in the prior year[1] - Dividend income rose to HKD 6,129 thousand, compared to HKD 2,069 thousand in the same period last year, marking a 195.5% increase[1] - Other income for the period was HKD 17,907 thousand, an increase of 59.5% from HKD 11,243 thousand in the previous year[2] - The company reported a pre-tax profit of HKD 14,168 thousand, a turnaround from a loss of HKD (37,139) thousand in the same period last year[2] - Net profit for the period was HKD 11,781 thousand, compared to a loss of HKD (39,449) thousand in the previous year[2] - Basic and diluted earnings per share for the period were HKD 0.19, a recovery from a loss of HKD (0.65) per share in the same period last year[2] - The group recorded a net profit of HKD 11,800,000 for the six months ended June 30, 2023, compared to a net loss of HKD 39,400,000 for the same period in 2022[82] - The company recorded a total comprehensive loss of HKD 336.1 million during the reporting period, compared to HKD 297.1 million in the previous period[147] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 4,964,115 thousand, a decrease from HKD 5,279,626 thousand as of December 31, 2022[3] - The company's net asset value remained stable at HKD 4,964,115 thousand compared to HKD 5,278,315 thousand at the end of the previous year[3] - Total assets as of June 30, 2023, amounted to HKD 5,754,134,000, with HKD 794,213,000 in financial services, HKD 3,629,545,000 in tactical and/or strategic investments, and HKD 334,529,000 in credit services[28] - The total liabilities were HKD 475,819,000, with HKD 59,083,000 in financial services and HKD 251,631,000 in tactical and/or strategic investments[28] - The group’s total liabilities decreased from HKD 294,023,000 as of December 31, 2022, to HKD 178,755,000 as of June 30, 2023[79] - The group’s non-secured loans decreased from HKD 240,824,000 as of December 31, 2022, to HKD 126,538,000 as of June 30, 2023[79] Operational Highlights - Employee benefits expenses amounted to HKD 7,430,000, including salaries and other benefits[31] - The company did not experience significant impacts from the adoption of new or revised Hong Kong Financial Reporting Standards during the reporting period[20] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[35] - The company sold all equity interests in the Siston Group for a consideration of HKD 110,000,000, with the transaction completed on August 8, 2023[95] - The group employed 28 full-time employees as of June 30, 2023, a slight decrease from 29 employees at the end of 2022[179] Investment and Strategic Initiatives - The company continues to hold a 17.81% stake in Future Capital, acquired for 750,000,000 HKD, indicating a strategic investment for long-term holding[42] - The company’s non-listed investment funds primarily invest in securities listed in Hong Kong and overseas, with a total value of HKD 88,066,000 as of June 30, 2023, down from HKD 103,143,000[94] - The company is cautiously seeking opportunities to expand its business beyond the leasing property market while maintaining a conservative treasury policy due to market uncertainties[129] - The company aims to build a resilient and robust investment portfolio to create shareholder value, despite the uncertain overall economic outlook[146] Credit and Risk Management - The company’s credit model focuses on providing large loans to high-quality borrowers, including listed companies and individuals with valuable assets[104] - The credit committee evaluates potential clients based on their creditworthiness, repayment ability, and legal due diligence, ensuring a thorough assessment process[112] - The company emphasizes monitoring loan repayment situations and taking appropriate actions for overdue loans, including legal measures if necessary[132] - The interest income from receivables during the reporting period was HKD 10,700,000, down 47.7% from HKD 20,500,000 in the previous period, attributed to a prudent approach in credit services[118] Market Conditions and Future Outlook - The global business and investment environment remains challenging and uncertain for the second half of 2023[177] - The company continues to monitor foreign exchange risk exposure and will consider appropriate actions to mitigate risks as necessary[174] - The mid-term report will be sent to shareholders in September 2023 and will be available on the company's website[183]

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，概不對因本公告全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 獨立非執行董事： 陳克勤先生，S.B.S，J.P. 洪祖星先生，B.B.S 藍章華先生 余仲良先生 承董事會命 威華達控股有限公司 執行董事 黃藴文 執行董事： 沈慶祥先生（主席） 黄 文女士 王溢輝先生 威華達控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：622） 澄清公告 謹此提述威華達控股有限公司（「本公司」）日期為2023年1月20日有關截至2021年12 月31日止年度之年報之補充公告（「該公告」）。除文義另有所指外，本公告所採用 之詞彙與該公告所界定者具有相同涵義。 本公司謹此澄清，截至2021年12月31日止年度向信貸服務業務之客戶提供之現金 回佣之正確金額應為61,000,000港元，而非該公告第6頁「利息收入－(a)信貸服務」 一段所述之54,000,000港元，造成差異之原因是由於無意遺漏。 除上文所披露者外，該公告之所有其他資料維持不變。 香港，2023年7月10日 ...

非執行董事： 沈慶祥先生 獨立非執行董事： 陳克勤先生，S.B.S，J.P. 洪祖星先生，B.B.S 藍章華先生 盧永仁博士，J.P 余仲良先生 謹此提述威華達控股有限公司（「本公司」）於2023年4月27日刊載於香港聯合交易 所有限公司及本公司網站之截至2022年12月31日止年度之年報（「年報」）。除文義 另有所指外，本公告所採用之詞彙與年報所界定者具有相同涵義。 除年報第27頁及第28頁「董事會報告」一節之「股份獎勵計劃」分節所披露者外，本 公司謹此向本公司股東及公眾人士提供以下有關本公司股份獎勵計劃（「股份獎勵 計劃」）之額外資料。 根據股份獎勵計劃授出獎勵之歸屬期（如有）由董事會全權酌情釐定。股份獎勵計 劃本身並無指定任何歸屬期。選定承授人於接納獎勵時毋須支付任何款項。獎勵 股份將免費配發予選定承授人。 * 僅供識別 1 截至2022年12月31日止年度初及年末，根據股份獎勵計劃可授出之最高獎勵股份 數目分別為183,408,274股及183,277,774股，佔於該日期之本公司已發行股份總數 之3%。根據股份獎勵計劃並無設定服務提供者分項限額。於截至2022年12月31日 止年度期間，並無根據股份 ...