Financial Performance - For the year ended March 31, 2019, UBA Investments Limited recorded a loss attributable to owners of approximately HK$23.3 million, compared to a loss of HK$21.5 million in 2018, with a loss per share of HK$0.0210[9]. - The Group reported a net loss attributable to owners of the Company of HK$23,282,000 for the year ended March 31, 2019, compared to a loss of HK$21,492,000 in the previous year[152]. - The Group's net assets increased by 8% to approximately HK$157.9 million as of March 31, 2019, up from HK$146.4 million in 2018, primarily due to a fundraising activity that raised HK$16.7 million[9]. - Total assets increased to HK$158,933,000 as of March 31, 2019, up from HK$148,536,000 in the prior year, representing a growth of approximately 8.5%[153]. - The Company has reserves available for distribution amounting to approximately HK$95,455,000 as of March 31, 2019, compared to HK$83,404,000 in 2018, indicating an increase of about 14.5%[155]. Investment Strategy - The Group's proactive investment strategy focused on high-yield and stable sectors, contributing approximately HK$2.8 million in dividends from listed securities and HK$1.67 million from unlisted shares[10]. - The Group plans to invest in more unlisted equity securities with good potential, maintaining a cautious and pragmatic investment approach[27]. - The Group maintains a cautious and pragmatic investment strategy, focusing on optimizing its investment portfolio amid global market challenges[29]. - The Company aims for medium-term capital growth through investments, with no current intention to realize investments within a specific timeframe[167]. - The Company aims to invest in various sectors, including information technology, telecommunications, and infrastructure, to balance exposure and minimize sector-specific risks[158]. Market Conditions - The global and local equity markets experienced intense volatility, with significant differences in trends between the U.S., China, and Hong Kong during 2018, which began to converge in early 2019[15]. - The Dow Jones Index decreased by 15% to a low of 22,874 at the end of December 2018, reflecting the negative impact of the trade war[19]. - The Shanghai Composite Index dropped 23% from 3,168 at the end of March 2018 to a low of 2,440 on January 4, 2019, due to trade war tensions[20]. - The HSI decreased by 14% from 30,093 in March 2018 to 25,753 at the end of December 2018, impacted by the trade war and rising interest rates[25]. - The HSI increased by 13% from 25,753 to 29,051 at the end of March 2019, as market sentiment improved following a cease-fire in the trade war[25]. Shareholder Information - The Board resolved not to recommend any payment of final dividend for the year[89]. - The Board has resolved not to recommend a payment of final dividend for the year[145]. - As of March 31, 2019, Andrew Cheng Wai Lun holds 340,000,000 shares, representing 26.74% of the issued share capital of the Company[192]. - Kingswell Holdings Group Limited owns 192,000,000 shares, accounting for 15.10% of the issued share capital[197]. - The Company did not enter into any arrangements allowing directors or chief executives to acquire benefits through share purchases during the year ended March 31, 2019[193]. Corporate Governance - The Company has maintained appropriate directors and officers liability insurance for legal actions against its directors[177]. - The Company is committed to compliance with all relevant laws and regulations in Hong Kong[176]. - The Company has not disclosed any new product developments or market expansions in the provided documents[128]. - The Company has a commitment to environmental protection and compliance with environmental laws[182]. - The Company values the knowledge and skills of its employees and provides career development opportunities[183]. Financial Position - The Group's placing completed on January 4, 2019, generated net proceeds of approximately HK$16.7 million, strengthening its financial position for future investment opportunities[14]. - As of March 31, 2019, the Group had bank balances and cash of approximately HK$25,713,000, indicating sufficient financial resources for commitments and working capital[87]. - The Group's gearing ratio was nil as there was no debt as of March 31, 2019[88]. - The total liabilities of the Group decreased to HK$1,034,000 as of March 31, 2019, down from HK$2,171,000 in the previous year, reflecting a reduction of approximately 52.4%[153]. - The Group had no material capital commitments or contingent liabilities as of March 31, 2019[95]. Investment Holdings - The Group's investment in CK Hutchison Holdings consists of 40,000 shares, representing 0.001% of its issued share capital, yielding a dividend income of approximately HK$117,000 for the year ended March 31, 2019[36]. - The Group's investment in PCCW includes steady growth in Telecommunications Services and Mobile Services revenue, contributing to an overall revenue increase of 6%[40]. - The Group's top ten listed investments accounted for approximately 58.56% of total assets as of March 31, 2019[33]. - The Group's investment in Yi Hua Holdings Limited represented 12.54% of total assets, with a fair value of HK$19,934,000 as of March 31, 2019[33]. - The Group holds significant listed and unlisted investments, with the top ten investments representing a substantial portion of the Group's net assets[30].