Financial Performance - For the six months ended June 30, 2024, the company's revenue decreased to HKD 36,022,000 from HKD 39,389,000 in the same period last year, representing a decline of approximately 6%[3] - The company reported a loss of HKD 65,941,000 for the period, significantly improved from a loss of HKD 133,708,000 in the previous year, indicating a reduction in losses by about 51%[3] - Basic and diluted loss per share improved to HKD 2.64 from HKD 5.43 year-on-year, reflecting a 51% decrease in loss per share[3] - The group's consolidated revenue for the six months ended June 30, 2024, was approximately HKD 36,000,000, a decrease of about 9% compared to HKD 39,400,000 for the same period in 2023[14] - The group recorded a consolidated loss of approximately HKD 65,900,000 for the six months ended June 30, 2024, significantly reduced from a loss of approximately HKD 133,700,000 in the same period last year[14] - The decrease in loss was primarily due to a reduction in net realized and unrealized losses on financial assets by approximately HKD 42,300,000 compared to the previous year[14] - The group reported a net loss of HKD 65,941 thousand for the six months ended June 30, 2024, compared to a net loss of HKD 133,708 thousand for the same period in 2023, indicating an improvement of approximately 50.7%[49] - The group's basic and diluted loss per share for the six months ended June 30, 2024, was HKD 2.64, compared to HKD 5.43 for the same period in 2023[49] Revenue Sources - Traditional brokerage and financing services remain the primary revenue source, accounting for approximately 79% of total revenue, down from 80% in the previous year[7] - Brokerage and financing business generated total revenue of approximately HKD 28,600,000, representing 79% of the group's total revenue, down 9% from HKD 31,500,000 in the previous year[17] - Interest income from brokerage business clients increased by approximately 10% to HKD 10,300,000, compared to HKD 9,400,000 in the same period last year[21] - Interest income from lending business clients decreased by approximately 15% to HKD 16,000,000, down from HKD 18,700,000 in the previous year[22] - The corporate finance and advisory services generated revenue of approximately HKD 2.7 million, representing an increase from HKD 2.3 million in the same period last year, with a post-tax loss of HKD 1.6 million[29] - The asset management business recorded revenue of approximately HKD 800,000, up from HKD 700,000 year-on-year, with a post-tax loss of HKD 300,000[30] - The insurance brokerage business generated revenue of approximately HKD 2.5 million, an increase from HKD 2.1 million in the previous year, with an operating loss of HKD 200,000[31] - The digital asset sales and promotion segment generated revenue of approximately HKD 1.3 million, down from HKD 2.7 million in the previous year, resulting in a post-tax loss of HKD 1.8 million[34] Asset Management and Investments - The company completed the acquisition of a residential property in Hong Kong in April 2024, which is expected to enhance revenue through rental income and has potential for future value appreciation[10] - The company attempted to raise capital through a share placement of up to 244,200,000 shares at HKD 0.12 per share, but the agreement became invalid due to unmet conditions[11] - A proposed acquisition of a 24% stake in Zhanhua Jiutai Gas Co., Ltd. for HKD 30,000,000 was also invalidated due to unmet conditions[12] - The company has engaged an independent internal control consultant to review the adequacy and effectiveness of its internal control systems related to lending operations[24] - The company aims to balance business operations and risk management to maintain the quality of its loan portfolio[24] - The company is actively negotiating with borrowers to reach settlement agreements or obtain additional collateral to protect its interests[25] Economic Environment and Strategy - The group aims to optimize resource allocation and explore new business and investment opportunities in response to the challenging economic environment in Hong Kong[13] - The group is focusing on opportunities in the natural gas industry, aligning with its long-term business strategy goals related to green energy and environmental responsibility[13] Employee and Operational Costs - The total number of employees decreased to 61 as of June 30, 2024, from 74 at the end of 2023, with a reduction in salary and employee benefits costs by approximately HKD 13.1 million[38] - The company incurred total employee costs of HKD 20,789,000 for the six months ended June 30, 2024, a decrease from HKD 33,927,000 in the same period of 2023[64] Financial Position and Liabilities - The group's total assets as of June 30, 2024, were HKD 456,886 thousand, a decrease from HKD 514,714 thousand as of December 31, 2023[50] - The group's debt-to-equity ratio increased to approximately 7.7% as of June 30, 2024, compared to 6.0% at the end of 2023[44] - The total overdue loans amount to HKD 334.6 million, with HKD 8.7 million due within six months to one year[25] - The expected credit loss rate for receivables ranges from 9% to 100%, with a total impairment of HKD 173.8 million as of June 30, 2024, compared to HKD 171.7 million as of December 31, 2023[28] - The company reported total liabilities of HKD 3,637,000 as of June 30, 2024, an increase of 6.1% from HKD 3,429,000 as of December 31, 2023[79] Compliance and Governance - The company has complied with all relevant laws and regulations, with no objections received regarding the renewal of its moneylender license as of June 30, 2024[26] - The company maintained compliance with the Corporate Governance Code as per the listing rules during the reporting period[86] - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process and risk management[87] - The board of directors includes four executive directors and three independent non-executive directors, indicating a balanced governance structure[89] Future Outlook - There are no plans for significant investments or capital assets for the upcoming year as of June 30, 2024[47] - The company continues to focus on expanding its financial services, including securities brokerage, asset management, and digital asset promotion[56]

Market Performance - In 2023, the Hang Seng Index recorded an unprecedented fourth consecutive year of decline, reflecting significant market volatility and a cautious investor sentiment [10]. - The Hong Kong IPO market saw only 73 IPOs in 2023, a decrease of 19% from 2022, raising a total of HK$46.3 billion, down 56% year-on-year [21]. - The Hang Seng Index fell 14% during the Reporting Year, marking its fourth consecutive year of declines [21]. - Approximately 30 local brokerages ceased operations in 2023 due to the prolonged stock market slump in Hong Kong [24]. Financial Performance - The Group recorded a larger loss during the Reporting Year compared to the previous year, attributed to one-off share-based payment expenses and higher impairment losses on accounts receivable [26]. - For the year ended December 31, 2023, the Group's consolidated revenue was approximately HK$76.1 million, an increase of about 4% compared to HK$73.3 million in the same period of 2022 [62]. - The Group recorded a consolidated loss attributable to shareholders of approximately HK$287.8 million for the year ended December 31, 2023, compared to a loss of approximately HK$178.1 million for the same period in 2022 [64]. - The increase in loss was mainly due to an increase in impairment loss on accounts receivable of approximately HK$127.4 million and an increase in share-based payment expense of approximately HK$11.1 million [63]. Business Operations - The Group's operations include securities brokering, corporate finance, asset management, and digital assets sales [17]. - The Group's principal revenue streams from traditional brokerage and financing operations contributed approximately 79% of total revenue [29]. - The Group's asset management operations began generating revenue following the acquisition of VC International Asset Management Limited in April [30]. - The Group's insurance brokerage segment started to generate revenue as it expanded services and attracted clients from mainland China [30]. Strategic Initiatives - The Group plans to expand its presence in equity markets and explore corporate financing opportunities as the market stabilizes [10]. - The Group aims to enhance its asset management business by entering the private equity sector [10]. - The strategic approach includes pursuing investment opportunities in other business segments to diversify revenue sources and improve business resilience [13]. - The Group intends to allocate additional resources to the development of its asset management business, aiming for attractive returns in the near future [60]. Credit Risk Management - The Group applies a "three-stage model" for impairment recognition under HKFRS 9, assessing expected credit loss based on changes in credit quality and estimated economic loss [89]. - The total expected credit loss (ECL) impairment for the year ended December 31, 2023, was approximately HK$94.0 million, compared to HK$30.0 million in 2022, resulting in a net ECL impairment of approximately HK$93.4 million for the year [104][105]. - The allowance for ECL on loan receivables as of December 31, 2023, totaled HK$171.7 million, an increase from HK$78.3 million in 2022, with Stage 2 loans showing a significant rise from HK$21.7 million to HK$93.1 million [97]. - The Group's credit control policies are based on assessing the fair value of clients' collaterals and evaluating collectability [115]. Employee and Administrative Costs - The Group employed a total of 74 employees as of December 31, 2023, an increase from 72 in the previous year [143]. - Salaries and staff benefit costs for the year ended December 31, 2023, were approximately HK$55.2 million, compared to HK$40.9 million in 2022, reflecting an increase of approximately HK$14.3 million [143]. - Unallocated administrative costs increased to approximately HK$38.3 million in 2023 from HK$23.4 million in 2022, primarily due to share-based payment expenses and corporate staff costs [137]. Investments and Acquisitions - The Group completed the acquisition of VCIAM and AIF, and disposed of VC Financial Investment Holdings Limited during the year ended December 31, 2023 [166]. - The Group's investment in Hao Tian International Construction Investment Group Limited amounted to approximately HK$58.5 million, representing about 10% of the Group's total assets, with a share price increase of approximately 241% during the year [163]. - The Group entered into an exclusivity agreement for the purchase of a property portfolio for cash consideration of HK$18 million, with a deposit of HK$16 million paid [168]. Management Team - Lai Yick Fung has been the Chief Financial Officer since April 2018, bringing over 25 years of experience in auditing, accounting, and financial management [199]. - The company has a strong governance structure with Lai being a member of multiple professional accounting and governance institutes [200]. - The management team has experience in both Hong Kong and the United States, enhancing the company's operational capabilities [200].

Financial Performance - The group's total revenue for the year ended December 31, 2023, was approximately HKD 76,100,000, representing a growth of about 4% compared to HKD 73,300,000 in the same period of 2022[8]. - The group recorded a loss attributable to shareholders of approximately HKD 287,800,000 for the year, compared to a loss of approximately HKD 178,100,000 in 2022[8]. - The group reported a net loss of HKD 288,198,000 for the year ended December 31, 2023, compared to a net loss of HKD 178,092,000 for the previous year, indicating an increase in losses of approximately 62%[122]. - The group recorded a total segment loss of HKD 252,408,000, compared to a loss of HKD 164,362,000 in the previous year[37]. - The group reported a pre-tax loss of HKD 293,597,000, compared to a loss of HKD 178,166,000 in the previous year[37]. Revenue Sources - The group's main revenue sources from traditional brokerage and financing businesses accounted for approximately 79% of total revenue[17]. - The brokerage and financing segment generated revenue of HKD 59,674,000, accounting for 79% of total revenue, down from 87% in the previous year[36]. - The digital asset sales and promotion business achieved a revenue growth of 37%, reaching HKD 2,823,000 compared to HKD 2,062,000 in 2022[36]. - Corporate financing and advisory services generated revenue of approximately HKD 4,800,000 and a post-tax loss of approximately HKD 5,800,000 for the year ended December 31, 2023, compared to revenue of approximately HKD 7,000,000 and a post-tax loss of approximately HKD 3,200,000 in the prior year[84]. - The asset management business recorded revenue of approximately HKD 2,200,000 for the year ended December 31, 2023, with a post-tax loss of approximately HKD 600,000, showing improvement from a loss of HKD 1,700,000 in the previous year[85]. Market Conditions - The Hong Kong stock market experienced a decline of 14% during the reporting year, marking the fourth consecutive year of decline for the Hang Seng Index[24]. - The IPO market in Hong Kong recorded only 73 cases during the reporting year, a decrease of 19% compared to 2022, with total fundraising amounting to HKD 46.3 billion, down 56% from the previous year[24]. - The group anticipates a stabilization in the Hong Kong IPO market in 2024, with an expected 80 companies to list and total fundraising exceeding HKD 100 billion[45]. Business Development and Strategy - The group is actively seeking diversified business development opportunities to expand its business portfolio in response to the negative impact of the local securities market[5]. - The group plans to strategically allocate resources to develop its asset management business, expecting significant returns in the near future[34]. - The group aims to enter the private equity fund sector in 2024 to accelerate the growth of its asset management business[34]. - The group completed the acquisition of Huaying International Asset Management Limited in April 2023, which has started to generate revenue for the asset management business[18]. Impairment and Credit Losses - The group recorded a loss attributable to shareholders for 2023, primarily due to an increase in receivables impairment losses of approximately HKD 127,400,000[36]. - The total expected credit loss provision was HKD 171.7 million as of December 31, 2023, compared to HKD 78.3 million in 2022[73]. - The second stage (doubtful) loans' expected credit loss increased to HKD 93.1 million in 2023 from HKD 21.7 million in 2022[73]. - The third stage (default) loans' expected credit loss rose to HKD 78.5 million in 2023 from HKD 56.1 million in 2022[73]. - The group incurred an additional impairment loss of approximately HKD 43,400,000 on receivables from brokerage business clients, significantly higher than HKD 1,100,000 in the previous year[39]. Employee and Administrative Costs - Employee costs for the year amounted to HKD 57,417,000, up from HKD 43,062,000 in the previous year, reflecting an increase of approximately 33%[121]. - Unallocated administrative costs were approximately HKD 38,300,000 for the year ended December 31, 2023, an increase of approximately HKD 14,900,000 from HKD 23,400,000 in the prior year[101]. - The total number of employees increased to 74 as of December 31, 2023, from 72 a year earlier, with 64 employees based in Hong Kong and 10 in China[115]. Assets and Liabilities - The group’s total assets, excluding client independent accounts, decreased by approximately 31% to HKD 513,300,000 as of December 31, 2023, from HKD 747,700,000 a year earlier[126]. - The group’s net assets as of December 31, 2023, amount to HKD 513,282,000, down from HKD 747,650,000 as of December 31, 2022[138]. - The group held trading financial assets valued at approximately HKD 155,100,000, representing a 48% decrease in market value compared to the previous year due to poor stock market performance[26]. - The group’s current ratio remained at approximately 9 times as of December 31, 2023[118]. - As of December 31, 2023, the company's debt-to-equity ratio is approximately 6%, up from 5% as of December 31, 2022[129]. Shareholder Information - The group successfully completed a placement of 300,000,000 new shares at an issue price of HKD 0.12 per share, raising a total of HKD 36,000,000[30]. - The company reported a loss per share, with no dividends proposed for the year ending December 31, 2023[173][175]. - The company does not recommend the distribution of a final dividend for the year ended December 31, 2023, compared to no dividend in 2022[193]. Governance and Compliance - The company is committed to maintaining high standards of corporate governance and has complied with the Corporate Governance Code as per the listing rules[200]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2023[132].

IPO Market Performance - For the six months ended June 30, 2023, the Group reported a significant decline in global IPO activity, with the number of deals down approximately 10% year on year and total fundraising decreasing by around 40%[13]. - Hong Kong's IPO market was particularly sluggish, with only 29 IPOs raising a total of HK$17.8 billion, marking a 20-year low in fundraising and dropping the city's international ranking for IPOs to ninth place[14]. - In Hong Kong, about 100 companies are expected to be listed in 2023, with total IPO fundraising projected to reach HK$150-170 billion[42][44]. Financial Performance - The Group's consolidated revenue for the six months ended June 30, 2023, was approximately HK$39.4 million, representing a 10% increase from approximately HK$35.7 million in the same period of 2022[47][52]. - The consolidated loss for the period was approximately HK$133.7 million, compared to a loss of approximately HK$61.9 million for the same period in 2022, indicating a significant increase in losses[47][50]. - The Group reported a loss before tax of HK$133,694,000 for the six months ended June 30, 2023, compared to a loss of HK$61,860,000 for the same period in 2022, reflecting a worsening financial position[165][167]. Revenue Streams - Traditional brokerage and financing businesses contributed approximately 80% of the Group's total revenue, down from 90% in the previous year, reflecting the Group's efforts to diversify its business[19]. - The Group's digital assets sales and marketing segment achieved a GMV of approximately HK$162 million and revenue of HK$2.7 million, compared to HK$120 million and HK$0.6 million in the same period of 2022[90]. - The asset management segment generated revenue of HK$691,000, which was not reported in the previous year[154]. Market Conditions - The local economy in Hong Kong grew at a slower pace of 1.5% in the second quarter of 2023, falling short of projections[14]. - The Hang Seng Index declined by 4.4% during the Reporting Period, making it the worst performer among major Asian stock markets[14]. - The International Monetary Fund reported significant market uncertainty due to banking sector turbulence and concerns over a potential US debt default in April 2023[8]. Business Development and Strategy - Despite market volatility, the Group continued to focus on core business development and brand building in the financial services sector[15]. - The Group remains committed to delivering premier financial services and products to meet various investment and wealth management needs of clients in the Greater China region[7]. - The establishment of a joint venture securities company in Guangxi is underway, with VC Brokerage expected to contribute RMB445 million (approximately HK$491 million) for a 44.5% shareholding, pending approval from the China Securities Regulatory Commission[28]. Asset Management and Investments - The Group's asset management and insurance brokerage segments began generating appreciable revenues, with the acquisition of VC International Asset Management Limited enhancing its asset management capabilities[20]. - The asset management business is expected to be one of the fastest-growing segments for the Group following the recent acquisition, enhancing its core competence in the market[23]. - The Group's investment in IBO Technology, representing approximately 7.74% of its shares, had a fair value of approximately HK$46.4 million, down 45.2% during the six months ended June 30, 2023[118]. Employee and Operational Costs - Employee costs, including salaries and benefits, rose to approximately HK$32.5 million for the six months ended June 30, 2023, compared to HK$21.0 million in the same period of 2022[96]. - Staff costs for the six months ended June 30, 2023, totaled HK$33,927,000, an increase of 53.7% compared to HK$22,078,000 in the same period of 2022[173]. - The Group recognized an equity-settled share option expense of HK$11,134,000 during the period, indicating ongoing employee incentive programs[130]. Cash Flow and Liquidity - For the six months ended June 30, 2023, net cash used in operating activities was HK$39,239,000, compared to HK$8,759,000 for the same period in 2022, indicating a significant increase in cash outflow[135]. - The total cash and cash equivalents at the end of the period were HK$25,250,000, down from HK$51,305,000 at the end of June 2022, showing a decrease of approximately 50.8%[135]. - The Group's bank balances and cash amounted to approximately HK$25.3 million, representing a decrease of about 22% compared to HK$32.3 million as of December 31, 2022[103]. Impairment and Receivables - The Group recognized an additional impairment loss of approximately HK$17.0 million on money lending client receivables for the six months ended June 30, 2023, compared to HK$8.7 million for the same period last year[71]. - The impairment loss for accounts receivable from money lending services increased to HK$95,352,000 as of June 30, 2023, compared to HK$78,362,000 as of December 31, 2022[188]. - The aging analysis of accounts receivable from corporate finance and advisory services showed that HK$4,547,000 was overdue by over 90 days as of June 30, 2023, compared to HK$4,698,000 as of December 31, 2022[198]. Shareholder Equity and Capital Structure - Shareholders' equity decreased by approximately 10% to HK$674.9 million from HK$747.7 million as of December 31, 2022[103]. - The Group's total number of issued ordinary shares increased to 2,471,023,040 as of June 30, 2023, up from 2,078,601,598 as of December 31, 2022[106]. - The accumulated losses increased to HK$1,090,279,000 as of June 30, 2023, compared to HK$956,234,000 at the beginning of the year[130].

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引起之任何損失承擔任何責任。 滙 盈 控 股 有 限 公 司 （於香港註冊成立之有限公司） 網址：http://www.vcgroup.com.hk （股票代號：821） 澄清公佈 有關 截至二零二三年六月三十日止六個月之 中期業績公佈 謹此提述滙盈控股有限公司（「本公司」）日期為二零二三年八月三十一日之截至二 零二三年六月三十日止六個月中期業績公佈（「中期業績公佈」）。本公佈所用詞彙 與中期業績公佈所界定者具有相同涵義。 董事會謹此澄清，因無心之失導致中期業績公佈出現以下錯誤： (i) 於中期業績公佈第1頁及第18頁，截至二零二三年六月三十日止六個月之每 股基本及攤薄虧損（港仙）應為(5.82)，而非(5.43)；及 (ii) 於中期業績公佈第28頁，「就計算每股基本虧損所用之普通股加權平均數」及 「就計算每股攤薄虧損所用之普通股加權平均數」應為2,304,709,379，而非 2,471,023,040。 ...

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引起之任何損失承擔任何責任。 滙 盈 控 股 有 限 公 司 （於香港註冊成立之有限公司） 網址：http://www.vcgroup.com.hk （股票代號：821） 截至二零二二年十二月三十一日止年度之 年報之補充公佈 謹此提述滙盈控股有限公司（「本公司」）於二零二三年四月二十七日刊發之截至二 零二二年十二月三十一日止年度之年報（「年報」）。本公佈旨在補充年報之內容， 並應與年報一併閱讀。除另有界定外，本公佈所用詞彙將與年報所界定者具有相 同涵義。 放債業務 按類型及其抵押品詳情劃分之貸款如下： 應收賬面 借款人類型 貸款產品 貸款數目 總金額 年利率 抵押品詳情 百萬港元 企業 定期貸款 3 52.4 15.6%-18% 若干上市公司證券 定期貸款 1 5.8 18% 若干非上市公司證券 ...

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引起之任何損失承擔任何責任。 滙 盈 控 股 有 限 公 司 （於香港註冊成立之有限公司） 網址：http://www.vcgroup.com.hk （股票代號：821） 截至二零二三年六月三十日止六個月之 中期業績公佈 滙盈控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此提呈本公司及其 附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜 合業績，連同二零二二年同期之未經審核比較數字。 財務摘要 截至六月三十日止六個月期間 二零二三年 二零二二年 千港元 千港元 收益 39,389 35,676 期內虧損 (133,708) (61,936) 本公司擁有人應佔虧損 (134,059) (61,774) 每股虧損（港仙） ...

Financial Performance - For the year ended December 31, 2022, the Group's consolidated revenue was approximately HK$73.3 million, a decrease of about 19% compared to HK$90.6 million in 2021[24]. - The Group recorded a consolidated loss attributable to shareholders of approximately HK$178.1 million for the year ended December 31, 2022, compared to a profit of approximately HK$15.2 million in the same period in 2021[24]. - Revenue from brokerage and financing accounted for 87% of total revenue, amounting to HK$82.8 million, down 23% from the previous year[26]. - The underwriting and sub-underwriting revenue decreased by 73% to HK$15.5 million, representing 6% of total revenue[26]. - Interest income from money lending clients increased by 3% to HK$37.7 million, making up 53% of total revenue[26]. - The company recorded an aggregate ECL impairment of approximately HK$30.0 million for the year ended 31 December 2022, compared to HK$25.7 million in 2021, with a net ECL impairment of approximately HK$7.8 million, down from HK$19.4 million in the previous year[42]. - The brokerage and financing businesses recorded a profit after tax of approximately HK$22.9 million for the year ended 31 December 2022, compared to HK$50.9 million for the same period last year, indicating a decline of 55.1%[73]. - The Group recorded a loss after tax of approximately HK$173.7 million for the year ended December 31, 2022, compared to a profit after tax of HK$31.7 million in 2021[128]. Market Conditions - The Hong Kong government adjusted its real GDP growth for 2022 to negative 3.2% due to weaker global demand and transportation disruptions[9]. - The Hang Seng Index fell by 15.5% year on year, while the Hang Seng TECH Index plunged 27.2%[9]. - Global growth is projected to slow from 2.9% in 2022 to 1.7% in 2023 according to the World Bank[20]. Strategic Initiatives - The Group plans to expand its financial services and digital asset business to achieve sustainable growth[2]. - The Group is pursuing the acquisition of Anli Asset Management to expand its client base and enhance asset management services[23]. - The company anticipates synergy in business collaboration with Anli Holdings Limited, which has a reliable repayment capability, as it holds a loan of approximately HK$21.2 million[34]. - The company has implemented credit control policies to minimize credit risk exposure, focusing on the assessment of clients' creditworthiness and collateral value[43]. - The company will take appropriate legal actions against unsecured borrowers in case of prolonged defaults to recover outstanding loans[35]. - The company enhanced its asset management business through a strategic acquisition, aiming to provide personalized investment and wealth management services[76]. Credit and Loan Management - Interest income from brokerage clients decreased by about 12% to approximately HK$14.1 million for the year ended 31 December 2022, down from approximately HK$16.0 million in the same period last year, primarily due to a 17% reduction in the average loan portfolio[54]. - The average interest rate for brokerage clients is approximately 12%, with almost all receivables secured by client-held securities[54]. - The credit committee of VC Finance meets monthly to review customer statuses and determine necessary actions for loan classification and impairment loss calculations[58]. - The average loan amount increased to HK$12.6 million in 2022 from HK$11.4 million in 2021, representing a growth of 10.5%[60]. - The percentage of loans secured by collaterals rose significantly to 66% in 2022, up from 34% in 2021[60]. - The average duration of secured loans increased to 9.2 months in 2022 from 7.9 months in 2021[60]. - The average duration of active loan accounts increased to 8.0 months in 2022 from 7.7 months in 2021[60]. - The percentage of total loans and interest receivables from the largest 5 customers was 40% in 2022, up from 39% in 2021[60]. Investments and Asset Management - As of 31 December 2022, the Group held equity securities listed in Hong Kong valued at approximately HK$300.6 million, representing about 37% of the Group's total assets, down from 42% in 2021[90]. - The Group recognized a net loss of approximately HK$171.7 million on trading investments for the year ended 31 December 2022, including a realized loss of approximately HK$14.2 million and an unrealized loss of approximately HK$157.5 million[101]. - The Group's investment in HG Semiconductor had a fair value of approximately HK$51.4 million, representing about 6.4% of the Group's total assets, with an unrealized loss of approximately HK$59.0 million during the year[120]. - The investment in China Nuclear Energy Technology Corporation had a fair value of approximately HK$49.7 million, accounting for about 6.1% of the Group's total assets, with an unrealized loss of approximately HK$35.1 million during the year[120]. - The share price of HG Semiconductor decreased by approximately 59.3% during the year ended December 31, 2022[120]. - The share price of China Nuclear Energy decreased by approximately 41.4% during the year ended December 31, 2022[120]. - The Group's investment in IBO Technology Company Limited had a fair value of approximately HK$84.8 million as of 31 December 2022, representing approximately 10.5% of the Group's total assets[142]. - The Group recorded an unrealized loss of approximately HK$51.5 million on its investment in IBO Technology due to a share price decrease of approximately 36.9% during the year[142]. Corporate Governance - The company emphasizes the importance of good corporate governance for effective management and enhancing shareholder value[192]. - The board is committed to maintaining high standards of corporate governance, focusing on responsible decision-making and transparency[192]. - The company aims to improve risk management and enhance overall performance[192]. - The executive team includes experienced professionals with over 20 years in financial management and corporate strategy[190]. - The company has a diverse board with members holding various qualifications in accounting and finance[181][183]. - The management team has extensive experience in auditing, accounting, and financial management across international firms[190]. - The company prioritizes the rights and interests of shareholders in its governance practices[192]. - The board includes independent non-executive directors to ensure unbiased oversight[178][180]. - The company has a strong focus on corporate culture and ethical business practices[194]. - The executive committee is actively involved in strategic decision-making and corporate development[174]. - The Group emphasizes the importance of high standards of corporate governance to enhance shareholder value and improve risk management[195]. - The Group aims to create enterprise value by applying prudent commercial principles amidst industry volatility and global economic challenges[197]. - Maintaining a positive and progressive corporate culture is a key focus for the Group to achieve promising business growth[199]. - The Board is responsible for reviewing and overseeing compliance with corporate governance policies and practices[198]. - The Group is committed to continuous professional development for its directors and senior management[200].

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引起之任何損失承擔任何責任。 滙 盈 控 股 有 限 公 司 （於香港註冊成立之有限公司） 網址：http://www.vcgroup.com.hk （股票代號：821） 截至二零二二年十二月三十一日止年度之 全年業績公佈 滙盈控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此提呈本公司及其 附屬公司（統稱「滙盈集團」或「本集團」）截至二零二二年十二月三十一日止年度 之經審核綜合業績連同二零二一年同期之經審核比較數字。 財務摘要 截至以下年度 二零二二年 二零二一年 千港元 千港元 持續經營業務之收益 73,281 90,554 持續經營業務之年度（虧損）溢利 (178,092) 28,773 本公司擁有人應佔（虧損）溢利 (178,091) 15,188 已終止經營業務之年度虧損 – (21,979) ...

Financial Performance - The Group's revenue declined during the six months ended June 30, 2022, primarily due to a reduction in brokerage commission income, reflecting the overall deterioration of the economic environment and contraction in transaction volumes [16]. - For the six months ended June 30, 2022, the Group's consolidated revenue from continuing operations was approximately HK$35.7 million, a decrease of about 6% compared to HK$37.8 million for the same period in 2021 [41]. - The Group recorded a consolidated loss attributable to shareholders of approximately HK$61.8 million for the six months ended June 30, 2022, compared to a profit of approximately HK$101.1 million for the same period in 2021 [41]. - The total comprehensive expense for the period was approximately HK$62.2 million, contrasting with a total comprehensive income of HK$98.1 million in the same period of 2021 [110]. - The Group reported a loss before tax of approximately HK$61.9 million for the period, compared to a profit of HK$107.9 million in the previous year [109]. - Basic earnings per share for continuing operations decreased to (2.97) HK cents from 6.11 HK cents [116]. - Total income for the six months ended June 30, 2022, was HK$36,895,000, compared to HK$38,221,000 in 2021, marking a decrease of about 3.5% [159]. Economic Environment - The global economic environment faced unprecedented challenges due to recurrent COVID-19 outbreaks, high inflation, and geopolitical conflicts, intensifying uncertainty in financial markets [16]. - Hong Kong's GDP contracted by 1.3% year-on-year in the second quarter of 2022, following a 3.9% contraction in the first quarter [9]. - The OECD estimated that GDP in the G20 nations rose by only 0.7% quarter-on-quarter in the first quarter of 2022, down from 1.3% in the previous quarter [8]. - The uncertain macroeconomic outlook has led to aggressive monetary policy tightening by central banks, raising concerns about global economic slowdown [34]. Business Operations - The Group's core financial services include securities and options brokering, corporate finance advisory, asset management, and insurance brokerage [7]. - The Group aims to diversify its business and has focused on the digital asset market in recent years [15]. - The Group continued to act as a placing agent and underwriter for Hong Kong-listed companies' fundraising activities [19]. - The Group is exploring new business opportunities in the mainland China digital asset market, focusing on strategic partnerships and collaborations [37]. - The Group aims to expand its financial services business and identify suitable acquisitions and investment targets as opportunities arise [36]. Revenue Streams - The brokerage and financing businesses contributed approximately 90% of the Group's total revenue during the reporting period [18]. - Revenue from the digital assets business for the six months ended June 30, 2022, was approximately HK$0.6 million [79]. - Revenue from underwriting, sub-underwriting, placing, and sub-placing commissions totaled HK$3,626,000 for the six months ended June 30, 2022, down from HK$7,481,000 in 2021, showing a decrease of approximately 51.5% [155]. - The Group recorded a gross merchandise value (GMV) of approximately HK$120 million from digital assets sold to customers during the reporting period [24]. Financial Position - The Group's bank balances and cash totaled approximately HK$51.3 million as of June 30, 2022, a decrease of about 31% from HK$74.5 million as of December 31, 2021 [87]. - The Group's total borrowings, including margin loans, lease liabilities, and convertible bonds, were managed prudently to minimize financial risk [85][88]. - The Group's current ratio was maintained at a satisfactory level of about 17 times as of June 30, 2022, consistent with the previous period [87]. - The Group's net current assets declined to HK$810,714,000 from HK$890,691,000 [122]. Investments - The Group held equity securities listed in Hong Kong worth approximately HK$414.9 million, marking a 2% decrease in market value compared to December 31, 2021 [20]. - The Group's investment portfolio is closely monitored, and strategic moves will be determined based on performance across different industries [78]. - The Group held significant investments, including 52,652,000 shares of IBO Technology with a fair value of approximately HK$149.5 million, representing about 16% of the Group's total assets, with an unrealized profit of approximately HK$15.5 million during the six months ended June 30, 2022 [99]. Operational Challenges - The Group ceased its futures trading service during the reporting period [7]. - Sixteen securities firms ceased operations in the first half of 2022, compared to 17 for the entire year of 2021, largely due to competition from mainland China online trading platforms [13]. - The Group's proprietary trading segment recorded a loss of approximately HK$63.4 million for the six months ended June 30, 2022, compared to a profit of approximately HK$77.8 million for the same period in 2021 [49]. Future Outlook - The gradual easing of social distancing measures and stabilization of the pandemic in Hong Kong are expected to boost economic activities and stock market momentum in the second half of 2022 [35]. - The Group remains cautiously optimistic about its placing and underwriting business as fundraising activities among Hong Kong-listed companies are expected to gradually resume [36]. - The Group intends to create a blueprint for the digital assets segment, which is anticipated to become a new key revenue driver in the coming years [37].