Financial Performance - The company reported a loss of approximately HKD 37,100,000 due to impairment losses on trade receivables and loans during the year, impacting overall performance[6]. - The company's revenue for the year ending December 31, 2024, is projected to be approximately HKD 25,500,000, representing a 26% increase from HKD 20,224,000 in 2023[19]. - The pre-tax loss for 2024 is expected to be around HKD 31,289,000, an increase of 33% from HKD 23,489,000 in 2023[19]. - Net loss for 2024 is projected at HKD 31,666,000, compared to HKD 24,388,000 in 2023, marking a 30% increase[19]. - The group reported a total of zero dividends for the year ending December 31, 2024, consistent with 2023[98]. - The company did not recommend any final dividend for the fiscal year ending December 31, 2024, consistent with the previous year[163]. - The company has not declared any interim dividend for the six months ending June 30, 2024, similar to the previous year[164]. Revenue and Income Sources - Interest income from margin financing services increased by approximately 21% to HKD 11,900,000 in 2024, up from HKD 9,800,000 in 2023[25]. - Interest income from securities collateral lending services decreased by about 5% to HKD 17,700,000 in 2024, down from HKD 18,700,000 in 2023[25]. - Interest income from lending and other secured loans was approximately HKD 5,900,000 in 2024, a decrease of about 34% from HKD 8,900,000 in 2023[31]. - The total interest income for 2024 was approximately HKD 17,749,000, with a deduction of HKD 7,800,000, compared to HKD 18,697,000 and HKD 14,000,000 in 2023[63]. - The group's total revenue for the year ended December 31, 2024, was approximately HKD 25,500,000, an increase of about 26% compared to HKD 20,200,000 in 2023[59]. Impairment and Credit Losses - The net impairment loss for trade receivables and loans was HKD 37,100,000 in 2024, up from HKD 28,000,000 in 2023, representing a 32% increase[69]. - The impairment losses related to trade receivables and loans amounted to approximately HKD 37.1 million, with HKD 16.7 million from margin customers and HKD 20.4 million from lending customers[96]. - The write-off amount for the three bankrupt clients was approximately HKD 54,000,000 during the year[29]. - The total amount of loans written off from four clients who declared bankruptcy was approximately HKD 59,800,000[32][33]. - The expected credit loss model indicates that the company has confirmed a net impairment loss of HKD 37,100,000, with HKD 16,700,000 attributed to margin customers' trade receivables[69]. Operational Strategies - The company is actively exploring opportunities in the virtual asset industry, including assessing potential upgrades for a virtual asset trading platform license[9]. - The company plans to establish a joint venture to operate a digital asset business related to virtual real estate by December 2024[9]. - The company is focusing on enhancing operational efficiency and building stronger relationships with clients to ensure sustainable growth[10]. - The company aims to balance risk and return in managing its lending portfolio while improving its market positioning[7]. - The company is committed to diversifying its service offerings while cautiously developing new business opportunities[7]. Corporate Governance and Management - The company has adopted a board diversity policy, emphasizing the importance of gender diversity and sustainable development, with the appointment of Ms. Liu Yundi as an executive director on December 12, 2024[123]. - The audit committee, composed of three independent non-executive directors, held three meetings in the fiscal year to review and assess the group's risk management and internal control functions[124]. - The company emphasizes the importance of a robust corporate governance structure to ensure effective management and operations[115]. - The board believes that the current governance model allows for swift decision-making and operational efficiency in a changing environment[115]. - The company has established a credit committee to handle all credit-related matters, composed of senior management and directors[67]. Share Capital and Dividends - The company reported a total issued share capital of approximately 406,070,100 shares after a rights issue that raised about HKD 30,460,000[161]. - The total number of issued shares has increased to 487,280,100 following the placement[196]. - The company has completed a placement of 81,210,000 shares at a price of HKD 0.176 per share, raising approximately HKD 14,290,000 after deducting commissions and expenses, which will be used for general working capital[196]. - The company has not purchased, sold, or redeemed any of its listed shares during the fiscal year ending December 31, 2024[168]. Employee and Staff Management - Employee benefit expenses decreased by approximately 22% to about HKD 6,900,000 in 2024, down from approximately HKD 8,900,000 in 2023, primarily due to a director's departure[64]. - The company recorded an employee turnover rate of 23% in 2024, down from 38% in 2023, with 5 employees leaving and 11 new hires added[131]. - The group employed 16 new staff in 2024, increasing total employees to 27 from 16 in 2023[108]. Legal and Compliance Matters - The company has initiated legal actions against clients who have defaulted on loans, with further legal proceedings planned for January 25, 2025[40]. - The company has taken further steps to recover debts, including sending formal demand letters and engaging legal counsel for professional advice[91]. - All independent non-executive directors confirmed their independence as of December 31, 2024, in compliance with listing rules[122].

Financial Performance - For the year ending December 31, 2024, the group's revenue was approximately HKD 25,500,000, an increase of about 26% compared to HKD 20,200,000 in 2023[5] - The net loss for the year ending December 31, 2024, was HKD 31,700,000, compared to a net loss of HKD 24,400,000 in 2023, primarily due to bad debts and impairment losses totaling HKD 37,100,000[5] - Basic loss per share for the year ending December 31, 2024, was HKD 7.56, compared to HKD 6.87 for the year ending December 31, 2023[5] - The group reported a pre-tax loss of approximately HKD 31,289,000 for the year ending December 31, 2024, compared to HKD 23,489,000 in 2023[6] - The company did not recommend the payment of a final dividend for the year ending December 31, 2024[4] - The company’s net asset value decreased by about 19% to approximately HKD 138.4 million as of December 31, 2024, down from HKD 170 million in 2023[60] - The company recorded a pre-tax loss of approximately HKD 31,300,000 in 2024, compared to HKD 23,500,000 in 2023, primarily due to bad debt provisions and impairment losses totaling HKD 37,100,000[70] Revenue Sources - The income from placement and underwriting services significantly increased by approximately HKD 6,900,000, while the income from securities brokerage services decreased to about HKD 500,000 from HKD 1,300,000 in 2023[5] - The group reported revenue from customer contracts of HKD 7,751,000 for the year ended December 31, 2024, compared to HKD 1,527,000 in 2023, representing a significant increase[20] - The group generated interest income from margin financing services of HKD 11,866,000 in 2024, up from HKD 9,823,000 in 2023, indicating a growth of approximately 20.8%[20] - The company recorded a 21% increase in interest income from margin financing services, reaching approximately HKD 11.9 million, while income from lending and other borrowing services decreased by 34% to approximately HKD 5.9 million[61] - Interest income from securities collateral lending services in 2024 was negatively impacted by eight clients' defaults, resulting in adjusted total revenue of HKD 25,500,000, with interest deductions of approximately HKD 7,800,000[62] Asset Management - Trade receivables decreased to HKD 55,134,000 from HKD 97,822,000 in 2023, while loans receivable increased to HKD 47,749,000 from HKD 37,121,000[7] - Total assets decreased to HKD 135,471,000 from HKD 162,011,000 in 2023, reflecting a decline in current assets[7] - The group reported contract liabilities of HKD 1,012,000 as of December 31, 2024, which are expected to be recognized as revenue within the next 12 months[21] - The total value of loans receivable as of December 31, 2024, was HKD 24,748,000, a decrease from HKD 80,563,000 in 2023[34] - The group recognized a loss provision of HKD 26,378,000 for trade receivables as of December 31, 2024, down from HKD 59,008,000 in 2023[32] Operational Changes - Employee benefit expenses decreased to HKD 6,950,000 from HKD 8,911,000 in 2023, indicating a reduction in workforce costs[6] - Other operating expenses increased by approximately 131% from HKD 33,100,000 in 2023 to HKD 48,900,000 in 2024, primarily due to increased compliance, professional, and administrative costs[66] - The company employed 16 new employees in 2024, compared to 9 in 2023, resulting in a total of 27 employees[80] Share Issuance and Capital - The company successfully issued a total of 135,356,700 shares at a subscription price of HKD 0.225 per share, raising approximately HKD 29.95 million, net of transaction costs[37] - Following a conditional placement agreement, the company successfully placed a total of 81,210,000 shares at a price of HKD 0.176 per share, representing approximately 16.67% of the enlarged issued share capital[39] - The company plans to use the net proceeds from the placement for general working capital[39] Client and Market Dynamics - The five largest borrowers accounted for approximately 61% of the total trade receivables and loans as of December 31, 2024, compared to 58% in 2023[44] - The number of corporate clients increased from 0 in 2023 to 2 in 2024, while the number of individual clients decreased from 7 to 6[52] - Four clients from the lending and other secured loans segment declared bankruptcy during the year, impacting overall receivables[49] Compliance and Governance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting procedures and internal control systems[90] - The committee confirmed that the financial results for the year ending December 31, 2024, comply with applicable accounting principles and regulations[90] - The annual general meeting for the fiscal year 2024 is scheduled for May 30, 2025[86]

PineStone 鼎石 Pinestone Capital Limited 鼎石資本有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) (Stock Code 股份代號 : 804) 2024 INTERIM REPORT 中 期 業 績 報 告 二零二四年中期報告 公司資料 2 財務摘要 3 簡明綜合全面收入表 4 簡明綜合財務狀況表 5 簡明綜合權益變動表 7 簡明綜合現金流量表 8 簡明綜合中期財務報表附註 9 管理層討論及分析 23 其他資料 32 目錄 1 鼎石資本有限公司 | --- | --- | |------------------------------------------|-------------------------------------------| | | | | 董事會（「董事會」） 執行董事 朱哲平先生 | 股份代號 804 | | （本公司主席） | 註冊辦事處 | | （於 2023年9月15 日獲委任） | Windward 3, Regatta O ...

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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Pinestone Capital Limited 鼎石資本有限公司 （於開曼群島註冊成立之有限公司） （股份代號：804） 截 至2024年6月30日止六個月之 未經審核中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截 至 2024 年 6 月 30 日 止 ...

Financial Performance - Total revenue for the year 2023 was approximately HKD 20,200,000, an increase of about 4% from HKD 19,500,000 in 2022[7] - The net loss for 2023 was HKD 24,400,000, a significant improvement from a net loss of HKD 41,500,000 in 2022, primarily due to a decrease in impairment losses on trade receivables and loans[7] - The company's revenue for the year ended December 31, 2023, was approximately HKD 20,224,000, an increase of about 4% compared to HKD 19,471,000 in 2022[17] - The loss before tax decreased to HKD 23,489,000 in 2023, down 51% from HKD 48,345,000 in 2022[18] - The net loss for 2023 was HKD 24,388,000, a reduction of 41% from HKD 41,470,000 in 2022[18] - Basic loss per share improved to HKD 0.0708 in 2023 from HKD 0.1651 in 2022, reflecting a 57% decrease in loss per share[19] - The company reported a consolidated net loss of approximately HKD 24.4 million for 2023, an improvement from a net loss of HKD 41.5 million in 2022, mainly due to a reduction in impairment losses related to trade receivables and loans[52] Revenue Sources - Revenue sources include brokerage service commissions, interest from securities margin financing, and commissions from placement and underwriting services[160] - The total trading value for the securities brokerage service increased significantly from HKD 89,700,000 in 2022 to HKD 682,300,000 in 2023[22] - Commission income from securities brokerage services surged nearly sevenfold to HKD 1,300,000 in 2023 from HKD 200,000 in 2022[22] - Interest income from securities margin financing decreased by approximately 18% to HKD 9,800,000 in 2023, down from HKD 11,900,000 in 2022[26] - The interest income from lending and other secured lending services for 2023 was approximately HKD 8,900,000, an increase of about 22% compared to HKD 7,300,000 in 2022[28] Asset Management and Expansion Plans - The company plans to expand its asset management services and intends to apply for a Type 9 (Asset Management) license from the Securities and Futures Commission in early 2024[8] - The company plans to expand into asset management services regulated by the Securities and Futures Commission to broaden its client base and revenue sources[21] Credit Risk and Impairment - Impairment losses on trade receivables and loans amounted to HKD 28 million in 2023, down from HKD 49.6 million in 2022, reflecting a significant reduction in credit losses[57] - The company has identified a significant increase in credit risk related to eight clients, leading to an increase in expected credit loss provisions[90] - The expected credit loss is calculated based on the probability-weighted estimate of credit losses, considering factors such as default risk, default probability, and loss given default[66] - The company has made impairment provisions for eight individual clients, with total outstanding amounts ranging from HKD 0.2 million to HKD 25.2 million, and annual interest rates between 12% and 24%[85] Governance and Management - The board of directors underwent changes in 2023, with new appointments and resignations impacting governance[4] - The company appointed Mr. Zhu Zheping as Chairman on September 15, 2023, and Mr. Li Zhentong as Executive Director and CEO since September 14, 2022, ensuring clear division of responsibilities[109] - The company has established a Credit Committee responsible for approving and monitoring credit policies and loan portfolios[59] - The company emphasizes a strong corporate governance framework to ensure effective management and operations[109] Market Conditions and Outlook - The average daily trading volume in the Hong Kong stock market was severely impacted, affecting the company's performance due to slow economic recovery post-COVID-19 and high interest rates[7] - The outlook for 2024 remains uncertain, with high interest rates expected to persist, impacting borrowing costs and asset values[8] - The company continues to navigate a volatile market environment, focusing on sustainable growth strategies[8] Shareholder Information - The company has not declared any dividends for the fiscal year ending December 31, 2023, consistent with 2022[95] - The company will assess its dividend payments annually based on its financial condition, current economic environment, and business performance[190] - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting to address specified matters within two months of submission[140] Internal Controls and Compliance - The company has implemented a robust internal control system to assess and mitigate both financial and non-financial risks[135] - The company has adopted high ethical standards in preventing money laundering and combating bribery and corruption[134] - The company has established an Audit Committee composed of three independent non-executive directors, which held three meetings in the year to review risk management and internal controls[119] Employee Information - Employee benefit expenses decreased by approximately 12% from HKD 10.1 million in 2022 to HKD 8.9 million in 2023, accounting for about 20% of total expenses[56] - The company recorded a 38% employee turnover rate in 2023, with 5 employees leaving and 4 new hires, resulting in a total of 16 employees by December 31, 2023, down from 17 in 2022[127]

Financial Performance - The company's total revenue for the year ended December 31, 2023, was approximately HKD 20,224,000, an increase of about 4% compared to HKD 19,471,000 in 2022[9]. - The net loss for the year ended December 31, 2023, was HKD 24,388,000, a reduction from a net loss of HKD 41,470,000 in 2022[9]. - The basic loss per share for the year ended December 31, 2023, was HKD 7.08, compared to HKD 16.51 for the year ended December 31, 2022[17]. - The company incurred a loss attributable to shareholders of HKD 24,388 million in 2023, an improvement from a loss of HKD 41,470 million in 2022, reflecting a reduction in losses by 41.2%[38]. - For the year ended December 31, 2023, the group recorded a pre-tax loss of approximately HKD 23,500,000, compared to a loss of HKD 48,300,000 in 2022, and a net loss of approximately HKD 24,400,000, compared to HKD 41,500,000 in 2022[135]. Revenue Sources - Margin income from margin financing services decreased to approximately HKD 9,800,000 in 2023, down about 18% from HKD 11,900,000 in 2022[6]. - Securities brokerage service commission income increased to approximately HKD 1,300,000 in 2023, compared to HKD 200,000 in 2022[17]. - The company recorded a significant increase in revenue from securities brokerage services, with commission income rising to HKD 1,315 million in 2023 from HKD 168 million in 2022, representing a growth of 683%[34]. - The company reported a decrease in legal and professional fees to HKD 3,195 million in 2023 from HKD 4,778 million in 2022, a reduction of 33.1%[34]. - The company’s total income from margin financing services decreased to HKD 9,823 million in 2023 from HKD 11,907 million in 2022, a decrease of 17.5%[34]. Trade Receivables and Impairment - Trade receivables increased to approximately HKD 156,800,000 as of December 31, 2023, a rise of about 73% from HKD 90,800,000 as of December 31, 2022[6]. - The impairment loss on trade receivables and loans for 2023 was approximately HKD 28,012,000, down from HKD 49,568,000 in 2022[9]. - The provision for losses on trade receivables increased to HKD 59,008,000 in 2023 from HKD 37,615,000 in 2022, reflecting a rise of 56.8%[65]. - The company recorded a loss of approximately HKD 28,000,000 in impairment losses related to trade receivables and loans for 2023, compared to HKD 49,600,000 in 2022[119]. Assets and Liabilities - The total assets of the company increased to approximately HKD 176,000,000 as of December 31, 2023, representing a growth of about 4% from approximately HKD 169,900,000 on December 31, 2022[106]. - The total trade receivables increased significantly by approximately 84%, rising from HKD 53,200,000 as of December 31, 2022, to HKD 97,800,000 as of December 31, 2023[106]. - Current liabilities rose from HKD 156,179 million in 2022 to HKD 162,011 million in 2023, an increase of approximately 3.4%[174]. - Cash and bank balances decreased from HKD 30,140 million in 2022 to HKD 23,394 million in 2023, a decline of about 22.4%[174]. Dividends and Share Issuance - The company does not recommend the payment of a final dividend for the year ended December 31, 2023[17]. - The company successfully raised approximately HKD 30,460,000 through a rights issue, with net proceeds of about HKD 29,950,000[115]. - The company issued a total of 135,356,700 shares on July 10, 2023, at a subscription price of HKD 0.225 per share, raising approximately HKD 29,950,000 after deducting transaction costs of HKD 510,000[173]. Operational Strategy and Future Outlook - The group plans to expand into asset management services regulated by the Securities and Futures Commission to diversify revenue sources[82]. - The outlook for 2024 indicates continued uncertainty and challenges in the Hong Kong economy, particularly in the stock market, with expectations of high interest rates impacting borrowing costs[143]. - The group aims to enhance service offerings and customer satisfaction through the launch of a mobile securities application and improved trading systems[96]. Governance and Management - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors, ensuring diverse expertise in management, law, accounting, and finance[159]. - The company adheres to the corporate governance code as stipulated by the Hong Kong Stock Exchange, aiming to enhance transparency and stakeholder confidence[159]. - The independent non-executive directors possess extensive experience, contributing to the oversight and protection of stakeholder interests[159].

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，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Pinestone Capital Limited 鼎石資本有限公司 （於開曼群島註冊成立之有限公司） （股份代號：804） 有關截至2022年12月31日止年度之 年度報告之補充公告 茲提述鼎石資本有限公司（「本公司」，連同其附屬公司統稱「本集團」）日期為2023年3月 24日截至2022年12月31日止年度（「2022財政年度」）之年度報告（「年度報告」）。除另有 界定者外，本公告所用詞彙與年度報告所界定者具有相同涵義。 董事會謹此補充以下有關(i)2022年11月8日配售股份（「配售事項」）所得款項用途；及(ii) 放債業務（「放債業務」）之額外資料。 ...

Financial Performance - For the six months ended June 30, 2023, the company recorded a net profit of approximately HKD 300,000, a decrease of about HKD 1,200,000 or approximately 80% compared to HKD 1,500,000 for the same period in 2022[7]. - Total revenue for the six months ended June 30, 2023, was HKD 9,480,000, down from HKD 10,685,000 in the same period of 2022, representing a decrease of approximately 11.2%[30]. - The group reported a profit attributable to owners of the company of HKD 340 for the six months ended June 30, 2023, down from HKD 1,487 in the same period of 2022, indicating a decline of approximately 77%[75]. - The group's total revenue for the six months ended June 30, 2023, was approximately HKD 9,500,000, a decrease of about 11% from HKD 10,700,000 in the same period of 2022[174]. - Basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 0.13 cents, down from HKD 0.65 cents (restated) for the same period in 2022[50]. Revenue Sources - The company's revenue primarily comes from (i) commission income from securities brokerage services; (ii) interest income from securities lending and other lending services; and (iii) placement and underwriting services[196]. - Revenue from securities brokerage service commissions increased to HKD 169,000 in 2023 from HKD 53,000 in 2022, reflecting a growth of 218%[86]. - Interest income from securities lending services decreased by approximately HKD 1,300,000 to about HKD 9,500,000, a decline of about 12% from HKD 10,600,000 in the previous year[28]. - Interest income from margin financing services decreased to HKD 4,296,000 in 2023 from HKD 7,004,000 in 2022, a decline of approximately 39%[86]. - Lending service income increased by approximately 39% to about HKD 5,000,000 for the six months ended June 30, 2023, compared to HKD 3,600,000 in the same period of 2022[148]. Expenses and Costs - Operating expenses for the six months ended June 30, 2023, totaled approximately HKD 8,400,000, a decrease from HKD 8,800,000 in the same period of 2022[5]. - Employee benefit expenses increased to HKD 5,530,000 for the six months ended June 30, 2023, compared to HKD 4,903,000 in the same period of 2022[30]. - The income tax expense for the six months ended June 30, 2023, was approximately HKD 700,000, compared to HKD 400,000 for the same period in 2022[199]. Assets and Liabilities - The company maintained a strong cash and bank balance of approximately HKD 40,400,000 as of June 30, 2023, compared to HKD 30,100,000 as of December 31, 2022[10]. - The total assets less current liabilities amounted to HKD 164,941 as of June 30, 2023, slightly down from HKD 165,099 as of December 31, 2022[52]. - Current liabilities increased significantly to HKD 31,980 as of June 30, 2023, from HKD 4,843 as of December 31, 2022[52]. - The company's equity increased to HKD 164,816 as of June 30, 2023, compared to HKD 164,476 as of December 31, 2022[32]. - The group's trade receivables from securities trading and margin financing increased to HKD 92,994,000 in 2023 from HKD 90,802,000 in 2022, reflecting a growth of approximately 2.6%[99]. Dividends and Shareholder Returns - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[29]. - The group did not recommend any interim dividend for the six months ended June 30, 2023, consistent with no dividend declared for the same period in 2022[74]. Market Conditions - The average daily turnover of the Hong Kong stock market decreased by 16% to HKD 115,500,000,000 in the first half of 2023, down from HKD 138,300,000,000 in the same period of 2022[145]. - The Hang Seng Index fell by approximately 14% from 21,859 points on June 30, 2022, to 18,916 points on June 30, 2023[145]. - Hong Kong's GDP grew by 1.5% in Q2 2023 compared to the same period last year, but decreased by 1.3% between Q1 and Q2 2023[145]. Strategic Initiatives - The company will consider other financing activities when appropriate opportunities arise[11]. - The group plans to continue expanding its customer base and seek strategic business opportunities for sustainable growth in the financial market[172]. - The company has a share option scheme aimed at incentivizing eligible participants and attracting talent for long-term growth, effective since May 22, 2015[191]. Compliance and Governance - The company acknowledges compliance with trading regulations during the reporting period, with no non-compliance issues reported[193]. - The group has not incurred any significant capital commitments as of June 30, 2023, consistent with the previous year[114]. - The group has no significant contingent liabilities as of June 30, 2023, maintaining the same status as the previous year[140].

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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Pinestone Capital Limited 鼎石資本有限公司 （於開曼群島註冊成立之有限公司） （股份代號：804） 截至2023年6月30日止六個月之 未經審核中期業績公告 財務摘要 • 截至2023年6月30日止六個月，本集團錄得未經審核收益約9,500,000港元， 較截至2022年6月30日止六個月約10,700,000港元減少約1,200,000港元或約 11%。 • 截至2023年6月30日止六個月，本集團錄得本公司擁有人應佔未經審核溢 利約300,000港元，較2022年同期減少約1,200,000港元或約80%（2022年6月 30日：1,500,000港元）。有關跌幅乃主要由於證券抵押借貸服務的收益減少 約1,300,000港元（截至2022年6月止六個月：10,600,000港元），部分被證券經 紀服務所得佣金收入增加約100,000港元（截至2022年6月止六個月：53,00 ...

Employee Turnover and Remuneration - The group recorded an employee turnover rate of 38% in 2022, with 5 employees leaving and 9 new hires, resulting in a total of 17 employees by December 31, 2022, compared to 13 in 2021[12] - The group’s remuneration policy aligns with current market practices, and employee benefits include discretionary bonuses and medical insurance[12] - Employee benefit expenses increased by about 9% to approximately HKD 10.1 million in 2022, compared to HKD 9.3 million in 2021, accounting for about 14% of total expenses[181] Financial Performance - For the fiscal year ending December 31, 2022, the company reported a net loss of HKD 41.5 million, compared to a net loss of HKD 4.9 million for the fiscal year ending December 31, 2021, representing an increase in loss of approximately 747%[143] - The company's pre-tax loss increased to HKD 48.3 million for the fiscal year ending December 31, 2022, compared to a pre-tax loss of approximately HKD 5.1 million for the previous year, marking a significant deterioration in financial performance[143] - The total revenue for the year ended December 31, 2022, was approximately HKD 19,500,000, a decrease of about 22% from approximately HKD 25,000,000 in 2021[165] - The total trading value for the securities brokerage services decreased from HKD 247.6 million in 2021 to HKD 89.7 million in 2022, indicating a decline in market activity[146] - Commission income from securities brokerage services fell from HKD 500,000 for the fiscal year ending December 31, 2021, to HKD 200,000 for the fiscal year ending December 31, 2022, a decrease of 60%[146] Shareholder Information and Dividends - The company did not recommend the payment of a final dividend for the fiscal year ending December 31, 2022, consistent with the previous year[52] - The total dividends paid by the company for the year ended December 31, 2022, amounted to zero, consistent with the previous year[103] - The company will evaluate its dividend payments annually based on its financial condition, current economic environment, and business performance[82] - Ultimate Vantage holds a direct beneficial ownership of 64,557,500 shares, representing approximately 23.85% of the company's issued share capital[64] Corporate Governance - The board of directors has established a nomination committee to review the structure, size, and diversity of the board, consisting of four independent non-executive directors[19] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[61] - The board of directors has received annual confirmations of independence from all independent non-executive directors[100] - The company confirmed compliance with the corporate governance code as per the listing rules[94] Risk Management and Compliance - The company is committed to maintaining compliance with applicable laws and regulations through appropriate internal controls[2] - The company has adopted high ethical standards in its operations, including measures to prevent money laundering and combat bribery[25] - The company was affected by ongoing COVID-19 disruptions, impacting global economic recovery, but maintained stability through effective risk management[68] - The company has committed to implementing additional internal environmental, social, and governance (ESG) controls and adopting risk management measures to reduce its carbon footprint in the future[113] Lending Services - The company has expanded its lending services beyond securities collateral lending to include other secured lending services in 2022, indicating a strategic shift in service offerings[142] - The company offers margin financing services with interest rates ranging from approximately 8% to 24%[148] - The interest income from lending services for 2022 was approximately HKD 7,300,000, a decrease of about 14% compared to HKD 8,500,000 in 2021[150] - The company successfully issued two large corporate loans in September and October 2022, totaling approximately HKD 20,000,000 and HKD 18,000,000, with an annual interest rate of 15.0% and a borrowing period of 12 months[150] Asset and Liability Management - The total assets as of December 31, 2022, were approximately HKD 169,942,000, a decrease of about 15% from HKD 199,300,000 in 2021[165] - The total outstanding loans as of December 31, 2022, were approximately HKD 90.8 million, a decrease of about 10% from approximately HKD 100.7 million as of December 31, 2021[192] - Trade receivables decreased by approximately 42% to HKD 53.2 million as of December 31, 2022, from approximately HKD 91 million as of December 31, 2021[179] - The net asset value decreased by approximately 14% to HKD 164.5 million as of December 31, 2022, from HKD 191.7 million in 2021[179] Share Issuance and Capital Structure - The company raised approximately HKD 14,290,000 by issuing 45,118,900 new shares at a placement price of HKD 0.32 per share on November 8, 2022[76] - The company successfully placed 45,118,900 new shares at a price of HKD 0.32 per share, representing approximately 16.67% of the enlarged issued share capital post-placement, raising a total of approximately HKD 14,440,000[200] - The net proceeds from the placement, after deducting commissions and related expenses, amounted to approximately HKD 14,220,000, which the company intends to use for expanding its existing business[200] - The company underwent a share consolidation of 20-for-1 on October 21, 2022, to comply with trading regulations and reduce overall transaction costs[76] Market Conditions - The Hang Seng Index fell approximately 42% from around 25,050 points in February 2022 to about 14,597 points in October 2022, impacting investor sentiment[168] - The company did not record any revenue from placement and underwriting services in 2022, while it recorded approximately HKD 83,000 in 2021[165]