Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 4,118,000, a decrease of 10.1% from HKD 4,580,000 in the same period of 2023[1] - The net gain from financial assets at fair value through profit or loss was HKD 3,548,000, compared to a net loss of HKD 10,131,000 in the previous year, indicating a significant recovery[1] - The pre-tax profit for the period was HKD 5,726,000, a turnaround from a pre-tax loss of HKD 7,570,000 in the same period last year[1] - Basic earnings per share for the period was HKD 0.45, compared to a loss per share of HKD 0.60 in the previous year[1] - The company recorded a net profit of approximately HKD 5,730,000 for the six months ended September 30, 2024, compared to a net loss of HKD 7,570,000 in the same period last year, marking a turnaround from loss to profit[27] Asset and Liquidity Management - Total assets as of September 30, 2024, amounted to HKD 88,441,000, an increase from HKD 82,715,000 as of March 31, 2024[4] - The net asset value per share increased to HKD 0.070 from HKD 0.065, reflecting improved financial health[4] - The company’s cash and cash equivalents stood at HKD 13,264,000, up from HKD 5,542,000, indicating improved liquidity[4] - The company's cash levels were approximately HKD 13,300,000 and HKD 5,500,000 for the six months ended September 30, 2024, and the year ended March 31, 2024, respectively, indicating healthy liquidity[27] - As of September 30, 2024, the group's bank balances and cash totaled approximately HKD 13,264,000, up from HKD 5,542,000 as of March 31, 2024, indicating a significant increase in liquidity[58] Investment Performance - The total income from dividend income was HKD 4,118,000, down from HKD 4,580,000 in the previous year, indicating a decline in investment returns[13] - The company reported a total of HKD 31,920,000 from the sale of trading securities, a substantial increase from HKD 2,299,000 in the previous year[1] - Proceeds from the sale of trading securities increased significantly from approximately HKD 2,300,000 to about HKD 32,000,000, reflecting a 13-fold increase due to an active investment strategy[27] - The fair value of financial assets recognized in profit or loss included realized and unrealized gains of approximately HKD 3,500,000, while the previous year's unrealized losses were about HKD 10,000,000[27] - The net realized and unrealized gains from financial assets at fair value through profit or loss amounted to approximately HKD 3,500,000, primarily from listed equity securities[56] Dividend Policy - The company will not declare any interim dividend for the six months ended September 30, 2024, consistent with the previous year[25] - The company did not declare any interim dividends for the period, reflecting a conservative approach to capital distribution[59] Market and Economic Conditions - The Hang Seng Index rose approximately 28% from 16,541 at the end of March 2024 to 21,133 at the end of September 2024, influenced by U.S. interest rate cuts and Chinese government stimulus policies[32] - The company will closely monitor the impact of U.S. interest rate policies and the effectiveness of China's stimulus measures on the economy and stock markets[33] Corporate Strategy and Governance - The group maintains a cautious financial strategy to ensure strong financial health across its investments[37] - The group emphasizes the importance of operational flexibility and a diversified business model to navigate challenges in the market[41] - The company has adopted the standard code for securities transactions by directors, ensuring compliance with regulatory requirements[71] - The interim results announcement will be published on the Hong Kong Stock Exchange website and the company's website, ensuring transparency for shareholders[72] Employment and Operational Metrics - The group employed a total of 4 full-time employees as of September 30, 2024, maintaining the same workforce level as the previous year[65] Other Financial Metrics - The market value of listed equity securities was HKD 72,555,000 as of September 30, 2024, down from HKD 76,763,000 as of March 31, 2024[22] - The group reported no significant capital commitments or contingent liabilities as of September 30, 2024, indicating a stable financial position[59] - The company has no outstanding debts or credit facilities, maintaining a debt ratio of zero as of September 30, 2024[59] - The board believes that the group faces minimal foreign exchange risk due to its primary transactions being conducted in HKD[59]

Financial Performance - For the year ended March 31, 2024, UBA Investments Limited recorded a loss of approximately HK$7.4 million, a decrease from a loss of HK$14.4 million in 2023[17]. - The loss per share was HK0.58 cents, compared to HK1.13 cents in the previous year[17]. - Gross proceeds from the disposal of trading securities decreased by 86% from HK$20.9 million to HK$2.9 million due to reduced investment in trading listed securities amid macroeconomic uncertainty[17]. - The net asset value decreased by 8.2% from HK$90.1 million to HK$82.7 million, aligning with a 19% decline in the Hang Seng Index during the same period[17]. - The net loss attributable to owners of the Company for the year was HK$7,409,000, a decrease from HK$14,433,000 in the previous year[195]. - Total assets decreased to HK$83,050,000 from HK$90,449,000 in the previous year, reflecting a decline of approximately 4.9%[195]. - Total liabilities remained relatively stable at HK$335,000 compared to HK$325,000 in the previous year[195]. - Net assets decreased to HK$82,715,000 from HK$90,124,000, indicating a decline of approximately 8.2% year-over-year[195]. - The management fee for the year was approximately HK$1,295,000[121]. Investment Strategy - The Group's proactive investment strategy focused on high-yield listed securities, particularly in the banking and telecommunications sectors, which contributed 85% of the dividend income[18]. - The Company aims for medium-term capital appreciation by investing in listed and unlisted companies in Hong Kong and the PRC[127]. - The investment strategy focuses on equity and equity-related securities in various sectors, including information technology and telecommunications, to balance risk exposure[199]. - The Company aims to minimize the impact of downturns in any specific industry sector through diversified investments[199]. - The Group plans to maintain sufficient liquidity for future investment opportunities while adopting a cautious investment approach[24]. - The short-term strategy involves trading listed securities based on market sentiment while ensuring adequate dividend levels for operations[26]. - The Group will review potential acquisitions of unlisted equity investments periodically[26]. - The Board has resolved that the Company may not invest in any company or entity exceeding 20% of its net asset value at the time of investment[130]. - Investment restrictions include not investing more than 20% of net asset value in any single entity and maintaining a focus on investments primarily in Hong Kong and China[147]. Market Conditions - The U.S. Federal Reserve raised interest rates by a total of 0.5% during the second and third quarters of 2023, marking the eleventh increase since March 2022, with current rates at 5.25%–5.5%[3]. - U.S. inflation decreased from a peak of 9.1% in June 2022 to 3.5% in March 2024, although it remains elevated[3]. - The overall market sentiment was negatively impacted by U.S. interest rate hikes and risks in the Chinese real estate sector, leading to decreased investor confidence[22]. - The group's outlook anticipates challenges in global stock markets, influenced by potential interest rate hikes in the U.S. and ongoing foreign capital outflows from China and Hong Kong[8]. - The Hong Kong equity markets experienced a significant decline, with the Hang Seng Index (HSI) dropping approximately 19% from 20,400 at the end of March 2023 to 16,541 at the end of March 2024[29]. - The Shanghai Composite Index decreased by approximately 7%, falling from 3,272 at the end of March 2023 to 3,041 at the end of March 2024[5]. - Foreign capital outflow from China and Hong Kong reached US$3.8 billion in December 2023, marking the third-largest outflow since 2015[5]. - The RMB depreciated against the USD by approximately 5.7% during the period, contributing to economic uncertainty[5]. Corporate Governance - The Company has complied with the Corporate Governance Code, except for certain deviations noted[81]. - Independent non-executive directors were unable to attend the AGM on August 23, 2023, which constitutes a deviation from the code provision C.1.6[82]. - The Company has taken sufficient measures to ensure corporate governance practices are in line with the Code[84]. - The Company has complied with the Code on Corporate Governance Practices throughout the year ended March 31, 2024[112]. - The audit committee consists of three independent non-executive directors as of March 31, 2024[115]. - The Company did not have formal letters of appointment for all Directors, but all Directors are subject to retirement provisions under article 168 of the Articles of Association[84]. Employee and Environmental Commitment - The Group emphasizes the importance of employee knowledge and skills, providing favorable career development opportunities[172]. - The Group is committed to building an eco-friendly corporation and complying with environmental protection laws[171]. - The Company is committed to reducing its environmental impact and ensuring compliance with environmental protection laws[163]. Shareholder Information - The percentage of the Company's shares held by the public exceeds 25% of the total number of issued shares[53]. - As of March 31, 2024, Cheng Wai Lun, Andrew holds 340,000,000 shares, representing 26.74% of the issued share capital of the Company[176]. - Kingswell Holdings Group Limited owns 192,000,000 shares, accounting for 15.10% of the issued share capital[191]. - The Company has resolved not to recommend a payment of final dividend for the year[107]. - The board of directors decided not to recommend the payment of a final dividend for the year[64]. - The Company did not repurchase, sell, or redeem any of its listed securities during the year[134].

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 5,010,000, an increase of 9.3% compared to HKD 4,584,000 for the previous year[3] - The total income from the sale of trading securities decreased significantly to HKD 2,881,000, down 86.2% from HKD 20,874,000 in the prior year[3] - The net loss before tax for the year was HKD 7,409,000, improving by 48.7% from a loss of HKD 14,433,000 in the previous year[3] - Basic loss per share improved to HKD 0.58, compared to HKD 1.13 in the previous year, reflecting a 48.7% reduction in loss per share[3] - The group reported a loss before tax of HKD 7,409,000 for the year ended March 31, 2024, compared to a loss of HKD 14,433,000 for the previous year, indicating a reduction in losses[32] - The net loss from financial assets measured at fair value through profit or loss was HKD 7,690,000 for the year ended March 31, 2024, down from HKD 13,383,000 in the previous year, reflecting improved performance in this area[27] - The group reported a loss attributable to shareholders of approximately HKD 7,400,000 for the year ending March 31, 2024, a decrease from a loss of approximately HKD 14,400,000 in 2023, reflecting an improvement of about 48%[36] Assets and Equity - Cash and cash equivalents increased to HKD 5,542,000, up 28.2% from HKD 4,323,000 in the previous year[5] - Total assets decreased to HKD 83,050,000, down 8.2% from HKD 90,449,000 in the previous year[5] - Total equity decreased to HKD 82,715,000, down 8.2% from HKD 90,124,000 in the previous year[5] - The net asset value per share was calculated based on a net asset value of HKD 82,715,000 as of March 31, 2024, compared to HKD 90,124,000 in 2023, indicating a decline of about 8.2%[34] - The group's investment portfolio included listed equity securities valued at approximately HKD 76,800,000 as of March 31, 2024, down from approximately HKD 83,400,000 in 2023[37] Dividends and Income - The company did not declare any dividends for the year, consistent with the previous year[3] - The group’s dividend income from listed equity securities increased to HKD 5,010,000 for the year ended March 31, 2024, compared to HKD 4,584,000 in the previous year, showing growth in investment returns[26] - The group received dividends of approximately HKD 141,000 from Cheung Kong Holdings and HKD 2,205,000 from PCCW Limited as of March 31, 2024[47][48] Investment Strategy - The group continues to engage in investment holding and securities trading activities, with no new products or market expansions reported[8] - The group maintained a cautious investment strategy, focusing on high-yield and stable securities, particularly in the banking and telecommunications sectors, which accounted for about 85% of total dividend income for the year[37] - The group plans to continue investing in high-dividend listed securities while maintaining sufficient liquidity for future investment opportunities, reflecting a prudent and pragmatic investment approach[43] Market Conditions - The Hang Seng Index fell approximately 19% from 20,400 at the end of March 2023 to 16,541 at the end of March 2024, influenced by external economic factors and local market conditions[42] - The group will closely monitor the potential impact of U.S. interest rate hikes on the global economy and Hong Kong stock market, anticipating a challenging market environment ahead[43] Employee and Operational Costs - Total employee costs, including directors' remuneration, amounted to HKD 1,044,000 for the year ended March 31, 2024, slightly up from HKD 1,031,000 in the previous year[30] - The group employed a total of 4 full-time employees as of March 31, 2024, consistent with the previous year[82] Accounting and Reporting - The company has not reported any significant impacts from the new accounting standards applied during the year[9][11] - The group has not applied any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, indicating a conservative approach to accounting changes[21] - The group’s cumulative adjustments related to the actuarial assumptions for long service payments did not have a significant impact on the financial position for the years ended March 31, 2024, and March 31, 2023[19] - The group did not incur any tax provision for Hong Kong profits tax due to the absence of taxable profits for the years ended March 31, 2024, and March 31, 2023[31] Capital Structure and Commitments - As of March 31, 2024, the group had no significant capital commitments or contingent liabilities[72] - The group maintained a debt ratio of zero, with no credit obtained as of March 31, 2024[69] - The group’s capital structure showed no changes for the year ended March 31, 2024[71] Shareholding and Governance - The public holding of the company's shares exceeds 25% of the total issued shares[84] - The board of directors includes Chairman and Executive Director Dr. Wong Yuen Kwan, Executive Directors Mr. Cheng Wai Lun and Mr. Chow Wai Hing, and Independent Non-Executive Directors Dr. Fung Chun Hung, Mr. Tang Han Biu, and Mr. Kwok Ming Fai[92] Future Outlook - The group plans to continue focusing on value-enhancing transactions and maintaining a strong cash flow and financial position[47] - The annual performance report will be published on the Hong Kong Stock Exchange website and the company's website[91] - The 2024 annual report will be sent to shareholders later and will also be available on the Hong Kong Stock Exchange website and the company's website[91]

UBA INVESTMENTS LIMITED 開明投資有限公司 INTERIM REPORT 2023/24 中期報告 Flat B, 16th Floor, Wah Kit Commercial Centre 300 Des Voeux Road Central, Hong Kong Tel: 852 3575 9396 香港德輔道中300號 華傑商業中心16樓B室 電話：852 3575 9396 UBA INVESTMENTS LIMITED 開明投資有限公司 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Dr. WONG Yun Kuen (Chairman) Mr. CHENG Wai Lun, Andrew Mr. CHAU Wai Hing Independent Non-executive Directors Dr. FUNG Lewis Hung Mr. TANG Hon Bui, Ronald Mr. KWOK Ming Fai, CPA COMPANY SECRETARY Mr. LEUNG Man Lai, ...

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文件的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本件全部或任何部份內容而產生或因倚靠該等內容而引致的任何損失承擔任何責任。 UBA INVESTMENTS LIMITED 開開開開明明明明投投投投資資資資有有有有限限限限公公公公司司司司* (於開曼群島註冊成立之有限公司) (股份代號：768) 截截截截至至至至二二二二零零零零二二二二三三三三年年年年九九九九月月月月三三三三十十十十日日日日止止止止六六六六個個個個月月月月之之之之 中中中中期期期期業業業業績績績績公公公公佈佈佈佈 業業業業績績績績 開明投資有限公司（「本公司」）董事會（「董事會」）欣然提呈本公司及其附屬公司（「本集團」） 截至二零二三年九月三十日止六個月之中期報告及未經審核中期業績，連同上期比較數字分列如下： 簡簡簡簡明明明明綜綜綜綜合合合合收收收收益益益益表表表表 截截截截至至至至九九九九月月月月三三三三十十十十日日日日止止止止六六六六個個個個月月月月 二二二二零零零零二二二二三三三三年年年年 二零二二年 （（（（未未未未經經經經審審審審核核核核）））） （未經 ...

UBA INVESTMENTS LIMITED 開明投資有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock code 股份代號 : 768 開明投資有限公司 Annual Report 2023 年報 Flat B, 16th Floor, Wah Kit Commercial Centre 300 Des Voeux Road Central, Hong Kong Tel: 852 3575 9396 香港德輔道中300號 華傑商業中心16樓B室 電話：852 3575 9396 UBA INVESTMENTS LIMITED UBA INVESTMENTS LIMITED 開明投資有限公司 Annual Report 2023 年報 CONTENTS 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Management Discussion and Analysis | 管理層討論與分析 | 4 | | Pr ...

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文件內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本件全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 UBA INVESTMENTS LIMITED 開開開開明明明明投投投投資資資資有有有有限限限限公公公公司司司司* (於開曼群島註冊成立之有限公司) (股份代號：768) 有有有有關關關關截截截截至至至至二二二二零零零零二二二二三三三三年年年年三三三三月月月月三三三三十十十十一一一一日日日日止止止止年年年年度度度度 全全全全年年年年業業業業績績績績公公公公告告告告之之之之澄澄澄澄清清清清公公公公告告告告 茲提述開明投資有限公司（「本公司」）日期為二零二三年六月二十日有關截至二零二三年三月三十一 日止年度之全年業績公告（「全年業績公告」）。除文義另有所指外，本公告所用詞彙與全年業 績公告所界定者具有相同涵義。 本公司董事會（「董事會」）（「董事」）謹此澄清，本公司全年度業績公告中的合併財務報表因筆誤 而出現無意錯誤，截至二零二三年三月三十一日止年度的每股基本及攤薄虧損應以“港元”而非 “港仙”為單位。 董事會確 ...

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文件內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本件全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 UBA INVESTMENTS LIMITED 開開開開明明明明投投投投資資資資有有有有限限限限公公公公司司司司* (於開曼群島註冊成立之有限公司) (股份代號：768) 截截截截至至至至二二二二零零零零二二二二三三三三年年年年三三三三月月月月三三三三十十十十一一一一日日日日止止止止年年年年度度度度 全全全全年年年年業業業業績績績績公公公公告告告告 業業業業績績績績 開明投資有限公司（「本公司」）董事會（「董事會」）欣然提呈公司及其附屬公司（「本集團」）截 至二零二三年三月三十一日止年度之綜合業績連同上財政年度之審核比較數字分列如下： 綜綜綜綜合合合合損損損損益益益益表表表表及及及及其其其其它它它它收收收收益益益益表表表表 截至二零二三年三月三十一日止年度 二二二二零零零零二二二二三三三三年年年年 二零二二年 附註 千千千千港港港港元元元元 千港元 出售交易證券的所得款項總額 20,874 10,396 收入 ...

INTERIM REPORT 中期報告2022 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Dr. WONG Yun Kuen (Chairman) Mr. CHENG Wai Lun, Andrew Mr. CHAU Wai Hing Independent Non-executive Directors Dr. FUNG Lewis Hung Mr. TANG Hon Bui, Ronald Mr. KWOK Ming Fai, CPA COMPANY SECRETARY Mr. LEUNG Man Lai, CPA AUDITORS Asian Alliance (HK) CPA Limited Certified Public Accountants (Practising) UBA INVESTMENTS LIMITED 開明投資有限公司 1 AUDIT COMMITTEE Dr. FUNG Lewis Hung Mr. TANG Hon Bui, Ronald Mr. KWOK Ming Fai, CPA REMUNER ...