Financial Performance - Revenue for the six months ended September 30, 2024, was HK$4,118,000, down from HK$4,580,000 in the same period last year, representing a decrease of approximately 10.1%[11] - Profit before taxation for the period was HK$5,726,000, a recovery from a loss of HK$7,570,000 in the same period last year[11] - The total comprehensive income for the period was HK$5,726,000, compared to a loss of HK$7,570,000 in the previous year[11] - Basic earnings per share for the period was HK$0.45, down from HK$0.60 in the previous year, reflecting a decrease of 25%[11] - The Group recorded a net profit of approximately HK$5.73 million for the six months ended 30 September 2024, compared to a net loss of approximately HK$7.57 million in the corresponding period last year[119] - The turnaround from net loss to net profit was mainly due to a realized and unrealized gain on financial assets at fair value through profit or loss of approximately HK$3.5 million, compared to an unrealized loss of HK$10.0 million in the last corresponding period[119] Asset and Equity Position - Current assets as of September 30, 2024, included cash and cash equivalents of HK$72,935,000, an increase from HK$5,542,000 in the previous year[14] - Net current assets increased to HK$88,441,000 from HK$82,715,000 as of March 31, 2024[14] - Total equity as of September 30, 2024, was HK$88,441,000, up from HK$82,715,000 as of March 31, 2024[14] - The net asset value per share increased to HK$0.070 from HK$0.065, representing an increase of approximately 7.7%[14] - As of September 30, 2024, the Group's listed equity securities amounted to approximately HKD 72.6 million, down from HKD 76.8 million as of March 31, 2024[124] Cash Flow and Liquidity - Net cash from operating activities for the six months ended September 30, 2024, was HK$7,599,000, significantly up from HK$2,741,000 in the same period of 2023, representing an increase of approximately 177%[21] - Cash and cash equivalents at the end of the period increased to HK$13,264,000 from HK$7,113,000 year-over-year, marking an increase of about 86%[21] - The net increase in cash and cash equivalents during the period was HK$7,722,000, compared to HK$2,790,000 in the prior year, reflecting an increase of about 176%[21] - The Group maintained a cash level of approximately HK$13.3 million as of 30 September 2024, indicating a healthy liquidity position[119] Investment Activities - The gross proceeds from the disposal of trading securities amounted to HK$31,920,000, a significant increase from HK$2,299,000 in the previous year[11] - The gain from changes in fair value of financial assets at fair value through profit or loss was HK$3,548,000, compared to a loss of HK$10,131,000 in the previous year[11] - The Group's investment portfolio was well diversified across various sectors, with investments in listed securities amounting to HK$72.6 million as of 30 September 2024, down from HK$76.8 million on 31 March 2024[122] - Unlisted investments had a fair value of HK$0.38 million as of 30 September 2024, compared to HK$0.41 million on 31 March 2024, with no additional unlisted investments made during the period[122] - The Group plans to invest in relatively high-yield listed securities while maintaining sufficient liquidity for future investment opportunities[137] Market Conditions and Economic Outlook - The Hang Seng Index experienced an increase of approximately 21% compared to the last corresponding period, aligning with the Group's investment strategy[119] - The U.S. Federal Reserve cut interest rates by 0.5% in mid-September 2024, bringing the benchmark rate to a range of 4.75% to 5%[126] - The Dow Jones Index increased by approximately 6.3%, rising from 39,807 at the end of March 2024 to 42,330 at the end of September 2024[126] - China's GDP growth was only 4.6% in the third quarter of 2024, the slowest growth since early 2023[131] - The Group anticipates ongoing challenges in global stock markets, particularly due to the impact of the US interest rate reduction policy[138] Corporate Governance and Compliance - The Group's financial statements have been prepared on a going concern basis, indicating confidence in meeting financial obligations in the foreseeable future[30] - The application of amendments to Hong Kong Financial Reporting Standards in the current period had no material impact on the Group's consolidated financial positions and performance[37] - The Group did not generate any estimated assessable profits arising in Hong Kong for the six months ended 30 September 2024 and 2023, resulting in no provision for Hong Kong profits tax[56] Related Party Transactions - For the six months ended 30 September 2024, the investment management fee paid to Upbest Assets Management Limited was HK$658,000, a slight decrease from HK$668,000 in the same period of 2023[74] - The brokerage commission paid to Upbest Securities Company Limited increased significantly to HK$140,000 from HK$11,000 year-on-year[74] - The annual cap for the investment management fee and performance fee for the financial years ending 31 March 2025 is set at HK$6,300,000[77] - There was no performance fee for the six months ended 30 September 2024 and 2023, with the management fee included under administrative and other operating expenses[82]

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]

Financial Performance - For the six months ended September 30, 2023, the Group reported revenue of HK$4,580,000, an increase of 6.4% compared to HK$4,305,000 for the same period in 2022[12]. - The loss before taxation for the period was HK$7,570,000, a significant improvement from a loss of HK$14,976,000 in the previous year, representing a reduction of 49.3%[12]. - Loss per share for the period was HK$0.60, compared to HK$1.18 for the same period last year, showing an improvement of 49.2%[12]. - The total loss for the period was HK$7,570,000, a significant improvement from the loss of HK$14,976,000 in the previous year, reflecting a 49.3% decrease[53]. - The Group recorded a net loss of approximately HK$7,570,000 for the six months ended 30 September 2023, a decrease from a net loss of approximately HK$14,976,000 in the corresponding period last year[104]. Cash and Cash Equivalents - The Group's cash and cash equivalents increased to HK$7,113,000 as of September 30, 2023, compared to HK$4,323,000 as of March 31, 2023, reflecting a growth of 64.5%[13]. - Cash and cash equivalents at the end of the period rose to HK$7,113,000, up from HK$4,809,000, marking an increase of 48%[19]. - The Group maintained cash and cash equivalents of approximately HK$7.1 million as of 30 September 2023, up from HK$4.3 million for the year ended 31 March 2023[104]. - The Group's financial statements indicate a net increase in cash and cash equivalents during the period of HK$2,790,000, compared to HK$859,000 in the previous year, showing a rise of 224%[19]. Equity and Assets - The net asset value per share decreased to HK$0.065 from HK$0.071, indicating a decline of 8.5%[13]. - The Group's total equity as of September 30, 2023, was HK$82,554,000, down from HK$90,124,000 as of March 31, 2023, a decrease of 8.4%[13]. - The net asset value decreased by 8.3% from HK$90.1 million to HK$82.6 million, outperforming the Hang Seng Index which decreased by 12.7% during the same period[104]. - The market value of listed equity securities decreased to HK$74,666,000 as of September 30, 2023, from HK$83,365,000 as of March 31, 2023, representing a decline of 10.4%[56]. - The fair value of unlisted equity securities decreased to HK$650,000 as of September 30, 2023, from HK$2,360,000 as of March 31, 2023, a decline of 72.5%[56]. Income and Expenses - Administrative and other operating expenses were reduced to HK$2,068,000, down 26.7% from HK$2,821,000 in the prior year[12]. - The Group recorded other income of HK$49,000, which was not present in the previous year[12]. - Dividend income from listed equity investments for the six months ended 30 September 2023 was HK$4,580,000, compared to HK$4,305,000 in 2022, reflecting a growth of 6.4%[38]. - The investment management fee paid to a related company was HK$668,000 for the six months ended September 30, 2023, down from HK$746,000 in 2022, a decrease of 10.5%[47]. - The total staff costs for the period were HK$350,000, slightly up from HK$344,000 in the previous year, reflecting a 1.7% increase[47]. Investment Strategy - The Group's financial performance is primarily attributed to its investment holding activities, with all consolidated revenue generated from the Hong Kong market[38]. - The Group plans to invest in relatively high-yield listed securities while maintaining sufficient liquidity for future investment opportunities[121]. - The Group will adopt a cautious and pragmatic investment approach to enhance returns for shareholders[121]. - The Group's short-term strategy focuses on trading listed securities based on market sentiment while maintaining sufficient dividend levels for operations[107]. - The Group plans to balance listed and unlisted investments for better returns and maintain liquidity for future opportunities[107]. Market Conditions - The U.S. Federal Reserve raised interest rates by a total of 0.5% during the second and third quarters of 2023, with rates now at the highest level since 2001, between 5.25% and 5.5%[111]. - The U.S. Federal Reserve raised interest rates by a total of 0.5% in Q2 and Q3 2023, marking the 11th increase since March 2022, bringing rates to the highest level since 2001 at 5.25%–5.5%[113]. - U.S. inflation decreased from a peak of 9.1% in June 2022 to 3.7% in September 2023, indicating moderate economic growth[113]. - The U.S. GDP growth for Q3 2023 was 4.9%, surpassing market expectations of 4.5%[113]. - The Hong Kong Stock Index (HSI) decreased sharply by approximately 13% from 20,400 at the end of March 2023 to 17,809 at the end of September 2023, affected by U.S. interest rate hikes and property sector defaults[117]. Related Companies and Investments - The Group has not disclosed major customer information as a substantial portion of income is derived from investments, making such disclosures not meaningful[39]. - The Group's top ten listed investments and one unlisted investment represented a significant portion of its net assets as of September 30, 2023[125]. - The Group holds 50,000 shares in CKH Holdings, representing 0.001% interest, and derived a dividend income of approximately HK$141,000 for the period ended 30 September 2023[135]. - The Group holds 5,800,265 shares in PCCW, representing 0.075% interest, and derived a dividend income of approximately HK$2,205,000 for the period ended 30 September 2023[141]. - The Group holds 820,000 shares in China Construction Bank, representing 0.0003% interest, and received approximately HK$309,000 in dividend income for the period ended September 30, 2023[151][153].

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 ...

Financial Performance - For the year ended March 31, 2023, UBA Investments Limited recorded a loss of approximately HK$14.4 million, compared to a loss of HK$0.13 million in 2022, with a loss per share of HK$0.0113[9]. - As of March 31, 2023, the net asset value decreased by 14% from HK$104.6 million to HK$90.1 million, aligning with a 7% decline in the Hang Seng Index during the same period[10]. - The Group reported a net loss attributable to owners of the Company of HK$14,433,000 for the year ended March 31, 2023, compared to a loss of HK$129,000 in the previous year[154]. - Total assets decreased to HK$90,449,000 as of March 31, 2023, down from HK$104,875,000 in the previous year, representing a decline of approximately 13.8%[155]. - The Company has reserves available for distribution amounting to approximately HK$73,426,000 as of March 31, 2023, down from HK$85,978,000 in 2022, indicating a decrease of about 14.6%[157]. Investment Strategy - The Group's short-term strategy focuses on trading listed securities based on market sentiment while maintaining sufficient dividend levels for operations[17]. - The long-term strategy aims to balance listed and unlisted investments to enhance returns and maintain liquidity for future opportunities[17]. - The Group plans to invest in higher yield listed securities while maintaining sufficient liquidity for future investment opportunities[27]. - The Group anticipates a turbulent market environment with a downward trend in global equity markets due to ongoing interest rate hikes by the Fed[26]. - The Group will continue to adopt a cautious and pragmatic investment approach to enhance returns for shareholders[27]. Market Conditions - The global and local equity markets experienced significant volatility, impacting the Group's investment strategy[11]. - The U.S. economy experienced a downturn primarily due to the Russia-Ukraine War, leading to a 2.75% interest rate hike by the Fed in the second half of 2022[19]. - Inflation reached a multi-decade high of 8.2%, prompting the Fed to maintain a rising-rate environment until inflation decreases[19]. - The Dow Jones Index fell approximately 17% from 34,678 at the end of March 2022 to 28,725 at the end of September 2022[19]. - The Hong Kong Stock Index (HSI) decreased approximately 7.2% from 21,996 at the end of March 2022 to 20,400 at the end of March 2023 due to U.S. interest rate hikes[25]. Dividend and Shareholder Returns - The Group plans to conduct further reviews on potential acquisitions of unlisted equity investments in the future[17]. - No dividends were declared for the year, as the Board resolved not to recommend any payment of final dividend[90]. - The Board has resolved not to recommend a payment of final dividend for the year[147]. - The Group holds 50,000 shares in CK Hutchison Holdings, representing 0.001% interest, and derived a dividend income of HK$134,000 for the year ended 31 March 2023[39]. - The Group holds 5,800,265 shares in PCCW, representing 0.075% interest, and derived a dividend income of HK$2,147,000 for the year ended 31 March 2023[43]. Company Operations and Governance - The Group employed a total of 4 full-time employees as of March 31, 2023, consistent with the previous year[95]. - The Company has no significant capital commitments or contingent liabilities as of March 31, 2023[99]. - The Company complied with the Corporate Governance Code throughout the year, except for a deviation regarding the attendance of an independent non-executive director at the previous AGM[105]. - The Company has not held any directorship in other public companies listed on any securities market in Hong Kong or overseas in the past three years for its directors[120][123][124][125]. - The Company has maintained appropriate directors and officers liability insurance for relevant legal actions against its directors[184]. Shareholding and Director Interests - As of March 31, 2023, Andrew Cheng Wai Lun holds 340,000,000 ordinary shares, representing 26.74% of the total issued share capital of the Company[197]. - No arrangements were made during the year ended March 31, 2023, allowing directors or chief executives to acquire benefits through shares or debentures of the Company[198]. - Substantial shareholders holding 5% or more in the shares and underlying shares of the Company have been recorded as of March 31, 2023[200]. - The Company has no service contracts for directors that are not determinable within one year without compensation other than statutory compensation[187]. - The term of office for independent non-executive directors lasts until retirement by rotation according to the Company's Articles of Association[175].

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 ...

Financial Performance - For the six months ended September 30, 2022, the Group reported revenue of HK$4,305,000, an increase of 6.3% compared to HK$4,051,000 for the same period in 2021[11]. - The loss before taxation for the period was HK$14,976,000, significantly higher than the loss of HK$1,998,000 recorded in the same period of 2021, representing a 648.4% increase[11]. - The loss per share for the period was HK$1.18, compared to HK$0.16 for the same period in 2021[11]. - For the six months ended September 30, 2022, the company reported a loss of HK$14,976,000 compared to a loss of HK$1,998,000 for the same period in 2021, representing an increase in loss of approximately 650%[51]. - The unrealised loss on listed equity investments was HK$14,976,000 for the six months ended September 30, 2022, compared to an unrealised loss of HK$4,800,000 in 2021, indicating a significant decline in investment performance[45]. - The Group recorded a net loss attributable to owners of approximately HK$14,976,000 for the six months ended 30 September 2022, compared to a net loss of approximately HK$1,998,000 in the same period last year, representing an increase in loss of approximately 648%[94]. Asset and Equity Changes - The net asset value per share decreased to HK$0.07 as of September 30, 2022, down from HK$0.08 as of March 31, 2022[12]. - Total equity as of September 30, 2022, was HK$89,581,000, a decrease from HK$104,557,000 as of March 31, 2022[12]. - The reserves decreased to HK$76,864,000 as of September 30, 2022, down from HK$91,840,000 as of March 31, 2022, reflecting the impact of the loss for the period[12]. - The net asset value decreased by 14% from HK$104.6 million to HK$89.6 million, outperforming the Hang Seng Index, which decreased by 21.7% during the same period[94]. Cash Flow and Liquidity - The Group's cash and bank balances increased to HK$4,809,000 from HK$3,950,000 as of March 31, 2022, indicating improved liquidity[12]. - For the six months ended September 30, 2022, net cash used in operating activities was HK$3,446,000, compared to HK$2,222,000 for the same period in 2021, indicating an increase in cash outflow of 55%[18]. - The net increase in cash and cash equivalents during the period was HK$859,000, a decrease of 53% compared to HK$1,829,000 in the previous year[18]. - Cash and cash equivalents at the end of the period rose to HK$4,809,000, up from HK$3,601,000, reflecting an increase of 33.5%[18]. - The Group's total cash and bank balances at the end of the period were HK$4,809,000, compared to HK$3,601,000 at the end of the previous period, indicating a significant improvement in liquidity[18]. Investment Performance - The Group's financial assets at fair value through profit or loss decreased to HK$84,004,000 from HK$100,544,000 as of March 31, 2022, indicating a decline in investment value[12]. - The fair value of listed equity securities decreased to HK$82,287,000 as of September 30, 2022, down from HK$97,245,000 as of March 31, 2022, reflecting a decline of approximately 15.4%[54]. - The market value of unlisted equity securities was HK$1,717,000 as of September 30, 2022, down from HK$3,299,000 as of March 31, 2022, indicating a decline of approximately 48.0%[54]. - Realized and unrealized losses on financial assets at fair value through profit or loss increased to approximately HK$16.5 million for the period ended 30 September 2022, up from HK$4.1 million in the corresponding period[94]. Administrative and Operating Expenses - Administrative and other operating expenses rose to HK$2,821,000, compared to HK$2,153,000 in the previous year, reflecting a 31.0% increase[11]. - The investment management fee paid to a related company was HK$746,000 for the six months ended September 30, 2022, down from HK$807,000 in 2021, representing a decrease of approximately 7.5%[45]. - There was no performance fee for the six months ended September 30, 2022, and 2021, and the management fee has been included under administrative and other operating expenses[69]. Dividend Information - The company did not declare any interim dividend for the six months ended September 30, 2022, consistent with the previous year where no dividend was declared[63]. - The Group has not recommended any interim dividend for the period[197]. Market Conditions and Economic Factors - The U.S. Federal Reserve raised interest rates four times for a total of 2.75% during the second and third quarters of 2022, targeting a range of 3% to 3.25% by the end of September 2022[100]. - The Dow Jones Index decreased sharply by approximately 17% from 34,678 at the end of March 2022 to 28,725 at the end of September 2022, reflecting market volatility and recession fears[100]. - U.S. inflation peaked at 8.2%, leading to concerns about a recession and a significant drop in the Dow Jones Index by approximately 17% from 34,678 at the end of March 2022 to 28,725 at the end of September 2022[101]. - The Hong Kong Stock Index (HSI) fell sharply by approximately 22% from 21,996 at the end of March 2022 to 17,222 at the end of September 2022, influenced by U.S. interest rate hikes and COVID-19 resurgence[106]. Shareholding and Ownership - Fung Fai Growth Limited holds approximately 26.74% of the Company, while CCAA Group Limited holds approximately 74.29% interest in Upbest Group Limited[14]. - The ultimate beneficial owner of Fung Fai Growth Limited and CCAA Group Limited is Cheng's Family Trust[14]. Compliance and Reporting Standards - The Group's financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with relevant reporting standards[23]. - The application of new amendments to Hong Kong Financial Reporting Standards did not have a material impact on the Group's financial positions and performance[32].