Core Viewpoint - China Three Gorges Group plans to increase its stake in Yangtze Power through the secondary market within the next 12 months, with an investment amount between 4 billion and 8 billion yuan, depending on market conditions [1][2] Group 1: Shareholding and Investment Plans - China Three Gorges Group and its concerted actions hold a total of 12.865 billion shares in Yangtze Power, accounting for 52.58% of the total share capital, with China Three Gorges Group alone holding 10.474 billion shares, or 42.81% [2] - The investment will be funded by China Three Gorges Group's own and self-raised funds, and there is no fixed price range for the share purchase [1] Group 2: Company Overview and Operations - Yangtze Power, established in September 2002 and listed on the Shanghai Stock Exchange in November 2003, primarily engages in hydropower generation, investment and financing, pumped storage, smart comprehensive energy, renewable energy, and power distribution [2] - The company operates six hydropower stations, forming the world's largest clean energy corridor, which supports flood control, shipping, water replenishment, and ecological safety in the Yangtze River basin [2] Group 3: Financial Performance - For the first half of 2025, Yangtze Power reported total revenue of 36.587 billion yuan, a year-on-year increase of 5.02%, and a net profit attributable to shareholders of 12.984 billion yuan, up 14.22% year-on-year, primarily due to increased electricity generation from its hydropower stations [2] - As of August 22, the company's stock price was 27.87 yuan per share, with a total market capitalization of 681.9 billion yuan [4] Group 4: Dividend Policy - The board of directors has established a five-year dividend return plan for 2026-2030, proposing to distribute cash dividends of no less than 70% of the net profit attributable to the parent company's shareholders each year, contingent on profitability [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | AEON信貸財務(亞洲)有限公司 | | | | 呈交日期: | 2025年8月1日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | | 自新《公司條例》(香港法例第622章) 於2014年3月3日實施後，AEON信貸財務(亞洲)有限公司 (於香港註册成立的公司) 不再有法定股本及股份面值。 | | | 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00900 | 說明 | AEON CREDIT | ...

3. 在適當時，董事總經理、人力資源主管、外聘顧問及其他人士或被邀列席整個或 部分會議。 4. 薪酬委員會秘書由公司秘書擔任。 5. 薪酬委員會每年應至少舉行一次會議。 6. 除非獲全體委員會成員同意，否則召開會議應發出最少十四天通知。 7. 會議的法定人數應為兩名。 8. 會議以親身出席、電話或視像會議方式召開。成員可透過電話或視像會議等電子 途徑參與會議。 9. 任何薪酬委員會會議的決議須經由出席會議成員以大多數票通過。當投票票數相 等時，主席有第二次投票或投決定票權。 10. 經全體薪酬委員會成員簽署的書面決議具有法律效力及其等同經薪酬委員會正式 召開及通過之決議。 AEON 信貸財務(亞洲)有限公司 薪酬委員會 職權範圍 成員 出席會議 會議次數及程序 1 1. 本公司董事會從本公司非執行董事之中委任不少於三名薪酬委員會成員。薪酬委 員會大部分成員應為獨立非執行董事。 2. 薪酬委員會主席應由董事會委任並應為獨立非執行董事。 14. 薪酬委員會之職務為： (a) 就全體董事及高級管理人員的薪酬政策與架構，及就設立正規而具透明度 的程序制訂薪酬政策，向本公司董事會提出建議； (b) 因應董事會所訂企業方 ...

AEON 信貸財務(亞洲)有限公司 提名委員會 職權範圍 成員 出席會議 會議次數及程序 1 10. 經全體提名委員會成員簽署的書面決議具有法律效力及其等同經提名委員會正 式召開及通過之決議。 股東周年大會 11. 提名委員會主席（或於其缺席的情況下，則提名委員會其他成員或其適當委任 的代表）應出席本公司股東周年大會，就有關提名委員會的工作及責任回答股 東之提問。 職權 職務 1. 本公司董事會從本公司非執行董事之中委任不少於三名提名委員會成員。提名 委員會大部分成員應為獨立非執行董事，且至少有一名不同性別的成員。 2. 提名委員會主席應由董事會委任並應為董事會主席或一名獨立非執行董事。為 免受質疑，當會議涉及董事會主席繼任事宜時，董事會主席將不能出任該次提 名委員會會議主席。 3. 只有提名委員會成員有權出席提名委員會會議。然而，在適當時，任何董事、 行政人員或其他人士或被邀列席整個或部分會議。 4. 提名委員會秘書由公司秘書或其代名人擔任。 5. 提名委員會每年應至少舉行一次會議。 6. 除非獲全體委員會成員同意，否則召開會議應發出最少十四天通知。 7. 會議的法定人數應為兩名。 8. 會議以親身出席、電 ...

Group 1 - The article provides a list of companies listed on the Hong Kong stock market along with their dividend distribution dates and shareholder meeting dates [1][4][5] - Notable companies mentioned include China Railway, Green Town China, and Budweiser APAC, which are scheduled for dividend payments [4][5] - The document outlines various companies' actions regarding capital increases and dividend distributions, indicating ongoing corporate activities in the market [4][5]

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 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 公 告 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。 截 至 二 零 二 五 年 五 月 三 十 一 日 止 三 個 月 之 未 經 審 核 業 績 AEON信 貸 財 務（亞 洲）有 限 公 司（「本 公 司」）董 事 會 欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 五 年 五 月 三 十 一 日 止 三 個 月 之 未 經 審 核 綜 合 業 績，連 同 上 期 比 較 數 字 如 下： 簡 明 綜 合 損 益 表 截 至 二 零 二 五 年 五 月 三 十 一 日 止 三 個 月 | 二 | 零 | 二 | 五 | 年 | 二 | 零 | 二 | 四 | 年 | 三 | 月 | 一 | 日 | 至 | 三 | 月 | 一 | ...

Financial Performance - Total revenue for the fiscal year ending February 28, 2025, is projected to be HKD 1,759,316,000, representing a growth of 8.4% compared to the previous year[15] - Operating profit before impairment losses is expected to be HKD 476,816,000, with a slight increase of 0.6% from the previous fiscal year[15] - The total amount of customer loans and receivables reached HKD 7,329,400,000, reflecting a 10.5% increase compared to the previous year[11] - The earnings per share for the fiscal year ending February 28, 2025, is projected to be HKD 0.9563, up from HKD 0.9367 in the previous year[15] - For the fiscal year ending February 28, 2025, the group achieved a revenue of HKD 1,759,300,000, representing an increase of 8.4% or HKD 136,000,000 compared to the previous year[29] - The group recorded a pre-tax profit of HKD 476,800,000, an increase of HKD 4,300,000 from the previous fiscal year, with a post-tax profit growth of 2.1% to HKD 400,500,000[27] - Net interest income for the fiscal year 2024/25 increased by 7.0% to HKD 1,347,600,000, up from HKD 1,258,900,000 in the previous fiscal year[30] - Total operating income rose by 8.4% to HKD 1,649,300,000, compared to HKD 1,521,000,000 in the fiscal year 2023/24[32] Dividend Policy - The company plans to distribute a final dividend of HKD 0.25 per share, which is a payout ratio of 51.2%[11] - The group maintained a stable dividend policy with a proposed final dividend of HKD 0.25 per share, resulting in a total annual dividend of HKD 0.49 per share and a payout ratio of 51.2%[26] - The interim dividend paid to shareholders for the year was HKD 0.24 per share, totaling HKD 100,504,000, consistent with the previous year[181] - The proposed final dividend for the year is HKD 0.25 per share, totaling HKD 104,691,000, compared to HKD 0.24 per share the previous year[181] Asset Management - The total assets as of February 28, 2025, are projected to be HKD 7,868,329,000, an increase from HKD 7,561,232,000 in the previous year[18] - The total assets of the group increased to HKD 7,868,300,000, up from HKD 7,561,200,000 in the previous year[37] - The group’s equity increased by 4.5% to HKD 4,251,200,000, compared to HKD 4,068,000,000 in the previous year[37] - The net debt to equity ratio remained stable at 0.7, with total equity as a percentage of total assets at 54.0%[27] Customer Loans and Receivables - Customer loan and receivables balance increased by 5.3% compared to the previous year, reflecting the group's focus on stable sales and receivables growth[22] - Total customer loans and receivables increased by 5.3% to HKD 7,329,400,000, up from HKD 6,960,900,000 in the previous year[41] - Credit card receivables rose to HKD 5,481,500,000, an increase from HKD 5,188,500,000 in the previous year, reflecting a growth of 5.7%[40] Operational Efficiency - The company reported a total expenditure to income ratio of 46.6%, indicating effective cost management strategies[11] - Operating expenses increased by 7.7% to HKD 768,100,000, while the cost-to-income ratio slightly decreased to 46.6% from 46.9%[34] - The group recorded a controllable increase in impairment losses and provisions of HKD 72,300,000, rising from HKD 374,000,000 to HKD 446,300,000[35] Digital Transformation and Innovation - The company is focusing on enhancing its digital transformation and expanding its branch network to improve customer experience and cross-selling opportunities[10] - The upgraded credit application processing platform facilitated the launch of virtual credit card features in the mobile app, improving customer convenience[24] - The group plans to develop a new integrated rewards platform to enhance customer experience and streamline points management[50] - The company aims to invest in virtual card functionality within its mobile app to attract new customers for credit card and personal loan services[51] Market Strategy - The company aims to strengthen its business foundation in the Greater Bay Area, targeting a growth strategy that includes precise credit assessments and personalized marketing campaigns[10] - The company anticipates a gradual recovery in the local consumption market, prioritizing sales growth through overseas and online channels[49] - The credit card business targets new customers through cross-selling other consumer financial products, leveraging a strong merchant network and online acquisition channels[55] Corporate Governance - The company is committed to maintaining high levels of corporate governance, adhering to applicable codes and regulations, except for specific provisions outlined in the report[93] - The board of directors is collectively responsible for guiding and overseeing the company's affairs to ensure success, with a formal plan for reviewing scheduled matters[104] - The company has adopted a standard code for securities trading by its directors, confirming compliance with the regulations throughout the year[103] - The board consists of nine members, including three executive directors, two non-executive directors, and four independent non-executive directors, complying with the listing rules requiring at least three independent non-executive directors[107] Risk Management - The company has established policies and systems to monitor and control credit risk, significantly reducing its credit risk exposure[71] - The company maintains a robust capital base to support ongoing business development, relying on internally generated capital and external loans[73] - The company has a low tolerance for operational risks, implementing a comprehensive risk management framework to identify and mitigate risks[74] - The company regularly reviews its liquidity risk management measures to ensure sufficient reserves and financing for short-term needs[72] Employee Engagement and Diversity - The company promotes employee well-being and productivity through various activities, including monthly team meals and health seminars, to foster a balanced work culture[53] - The current female director ratio is approximately 44%, exceeding the target of at least 30% set by the board's diversity policy[109] - The gender ratio among employees in Hong Kong is 49% male (185 employees) and 51% female (195 employees), achieving near gender diversity[155] Shareholder Communication - The company has established various communication channels with shareholders, including annual general meetings and reports, to ensure effective engagement[163] - The 2024 Annual General Meeting was held on June 26, 2024, in a hybrid format, allowing shareholders to participate either in person or online[165] - The company has committed to transparency by publishing quarterly results in addition to the annual and interim reports[167]

Market Overview - The market experienced a slight decline with the Shanghai Composite Index down by 0.2%, the Shenzhen Component down by 0.62%, and the ChiNext down by 0.65% [1] - Over 4,100 stocks fell, with nearly 100 stocks dropping more than 9% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.06 trillion yuan, a decrease of 57.2 billion yuan from the previous trading day [1] Sector Performance - PEEK materials, gaming, banking, and steel sectors showed strong performance, while sectors like Hainan, real estate, tourism, and food experienced declines [1] - The banking sector, particularly Industrial and Commercial Bank of China, reached a new historical high [1][6] Key Stocks - Changjiang Electric reached a peak price of 29.92 yuan, the closest it has been to the 30 yuan mark since October 8 of the previous year [3] - Other major stocks such as Gree Electric, Sungrow Power, and Wuliangye also performed better than the market average [5] ETF Performance - Defensive sectors like banking and electricity ETFs performed well, reflecting a conservative attitude from investors as the month-end and holiday approached [6] - The banking ETF and electricity ETF, which include major stocks like Industrial and Commercial Bank and Changjiang Electric, showed strong performance [6] Banking Sector Insights - Analysts suggest that recent meetings indicate a potential acceleration in interest rate cuts and reserve requirement ratio reductions, which may support bank net interest margins [7][8] - The banking sector is expected to maintain stable earnings and dividends amid macroeconomic uncertainties [8] Energy Sector Developments - The National Energy Administration reported that by Q1 2025, the combined installed capacity of wind and solar power in China is expected to reach 743.3 million kilowatts, surpassing coal power for the first time [8] - The government is actively supporting clean energy initiatives, with significant growth in wind and solar installations [8] Technology Sector Movements - Stocks like Cambrian and Tuowei Information have attracted attention despite weaker performance in broader technology ETFs, indicating renewed interest in leading companies within the sector [9] - The recent political bureau meeting emphasized the importance of artificial intelligence, which may positively impact technology stocks moving forward [11][12]

Financial Performance - Total revenue for the year ended February 28, 2025, was HKD 1,759,316,000, an increase of 8.4% from HKD 1,623,321,000 in the previous year[3] - Net interest income reached HKD 1,347,582,000, up 7.0% from HKD 1,258,899,000 year-on-year[3] - Operating income for the year was HKD 1,649,317,000, reflecting a growth of 8.4% compared to HKD 1,520,966,000 in the prior year[3] - The annual profit attributable to the company's owners was HKD 400,478,000, representing an increase of 2.9% from HKD 392,270,000 in the previous year[5] - Earnings per share (EPS) increased to HKD 95.63 from HKD 93.67, marking a growth of 2.1%[3] - Total comprehensive income for the year amounted to HKD 384,176,000, up from HKD 368,165,000, indicating a rise of 4.3%[5] - The company reported a decrease in interest expenses to HKD 129,785,000 from HKD 108,463,000, reflecting a rise in net interest income[3] - Other income increased to HKD 19,792,000 from HKD 15,205,000, showing a growth of 30.5%[3] - The company recognized a gain from the sale of non-performing assets amounting to HKD 14,605,000, compared to HKD 12,067,000 in the previous year[3] Assets and Liabilities - Total assets decreased from HKD 5,883,689 thousand in 2024 to HKD 5,593,986 thousand in 2025, representing a decline of approximately 4.9%[7] - Total liabilities decreased from HKD 2,274,343 thousand in 2024 to HKD 1,677,543 thousand in 2025, indicating a reduction of about 26.2%[7] - Total equity increased from HKD 4,067,993 thousand in 2024 to HKD 4,251,161 thousand in 2025, reflecting an increase of approximately 4.5%[7] - Non-current assets decreased from HKD 1,935,813 thousand in 2024 to HKD 1,812,341 thousand in 2025, a decrease of about 6.4%[6] - Current assets increased from HKD 5,932,516 thousand in 2024 to HKD 5,932,516 thousand in 2025, remaining stable[6] - Current liabilities decreased from HKD 2,274,343 thousand in 2024 to HKD 1,677,543 thousand in 2025, a decrease of approximately 26.2%[7] - Cash and cash equivalents decreased from HKD 257,989 thousand in 2024 to HKD 226,220 thousand in 2025, a decline of about 12.4%[6] - The company's total borrowings increased from HKD 1,015,149 thousand in 2024 to HKD 1,239,685 thousand in 2025, an increase of approximately 22.2%[7] Dividends and Shareholder Information - For the fiscal year ending February 29, 2024, the company declared a mid-term dividend of HKD 100,504,000[8] - The company plans to distribute a final dividend of HKD 0.25 per share for the fiscal year 2025, compared to HKD 0.24 per share in 2024, representing a 4.2% increase[34] - The company maintains a stable dividend policy with a payout ratio of at least 30.0% of the consolidated net profit for the fiscal year, proposing a final dividend of HKD 0.25 per share, resulting in an annual dividend of HKD 0.49 per share with a payout ratio of 51.2%[50] - The company will suspend the registration of shareholders from June 23, 2025, to June 26, 2025, to determine eligibility for attending the annual general meeting[48] - The company will also suspend the registration of shareholders from July 9, 2025, to July 10, 2025, for eligibility to receive the proposed final dividend[49] Future Outlook and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - The company plans to continue expanding its services in the insurance and personal loan sectors to drive future growth[26] - The group aims to enhance customer experience through a new integrated rewards platform, allowing seamless management of points from various merchants[88] - The outlook for 2025 anticipates moderate global economic growth, supported by policy measures in mainland China to stimulate local demand[86] - The group aims to improve credit assessment and monitoring methods to maintain a sustainable asset quality and accelerate approval speed[87] - New mobile payment products and self-service branch concepts will further enhance customer experience and maintain competitive advantage[88] - The group is committed to sustainable development and plans to introduce loan products that support low-carbon living[89] - The group will further invest in developing virtual card features to enhance non-contact mobile payment services in Hong Kong[90] - The group aims to leverage the potential of the Guangdong-Hong Kong-Macao Greater Bay Area to expand its customer base and enhance corporate governance[91] Customer Loans and Receivables - As of February 28, 2025, total customer loans and receivables amounted to HKD 7,329,378,000, an increase from HKD 6,960,859,000 as of February 29, 2024, representing a growth of approximately 5.3%[38] - The breakdown of customer loans and receivables shows that the first stage accounts for 95.8% of the total, with HKD 7,018,669,000, compared to 96.0% or HKD 6,682,702,000 in the previous year[38] - The impairment provision for receivables as of February 28, 2025, was HKD 264,939,000, up from HKD 247,091,000 on February 29, 2024, indicating an increase of approximately 7.2%[39] - The total amount of loans and receivables, net of impairment provisions, was HKD 7,064,439,000 as of February 28, 2025, compared to HKD 6,713,768,000 in the prior year, reflecting a growth of about 5.2%[37] - The company’s total customer loans and receivables are categorized into three stages, with the first stage being the largest contributor to the overall balance[38] Accounting Standards and Compliance - The group has adopted new accounting standards for classifying liabilities as current or non-current, effective from the current fiscal year[16] - The amendments clarify that the classification of liabilities should be based on rights existing at the end of the reporting period, not management's intentions[18] - The application of the new accounting policies has no significant impact on the consolidated financial statements for the current year[17] - The amendments provide additional guidance on assessing rights to defer settlement of liabilities for at least twelve months from the reporting date[16] - The group has implemented the revised Hong Kong Financial Reporting Standards without significant effects on past financial performance[15] - The new Hong Kong Financial Reporting Standards (HKFRS) No. 18 will replace HKAS No. 1, introducing new presentation and disclosure requirements for financial statements[20] - The implementation of HKFRS No. 18 is expected to impact the presentation of the income statement and future disclosures in financial statements[21] - The company is currently assessing the detailed impact of HKFRS No. 18 on its consolidated financial statements[21] - The new standards will take effect for annual periods beginning on or after January 1, 2027, with early application permitted[21] - The main accounting policies adopted in the consolidated financial statements are consistent with those used in the preparation of the financial statements for the year ended February 29, 2024[23] Operational Highlights - The company completed the relocation of its data center and redeployment of core system platforms to support ongoing digital transformation, with upgraded applications for credit assessment and the launch of virtual card features[53] - The overall sales revenue reached a historical high with a continuous growth of 10.5% compared to the previous fiscal year, while customer loans and accounts receivable increased by 5.3%[54] - The company secured HKD 300 million in sustainable performance-linked loans from a consortium of nine regional and local banks, demonstrating its commitment to integrating sustainability into its operations[55] - The company expanded its branch network, including the opening of a new branch in Sha Tin in June 2024, to enhance customer service and meet growing demand for face-to-face consultations[56] - The upgraded credit application processing platform facilitated the launch of virtual credit card features in the "AEON Hong Kong" mobile app, allowing customers to make purchases immediately after approval[57] - The company enhanced its credit monitoring models and data analysis tools to improve credit risk allocation and proactively identify customers needing credit consultation[58] - The core data center was relocated to a more efficient site, adhering to internationally recognized green building certification standards, enhancing the company's IT infrastructure for future product launches[59] Employee and Corporate Governance - As of February 28, 2025, the total number of employees is 596, with 380 in Hong Kong and 216 in mainland China[92] - The company maintains high standards of corporate governance, balancing the interests of shareholders, customers, employees, and other stakeholders[93] - The group celebrates the 35th anniversary of AEON Credit Financial Services in the Hong Kong market, focusing on innovative and customized products[91] - The annual performance has been reviewed by the audit committee, ensuring compliance with financial reporting standards[96] - The group will publish its annual report containing relevant information as required by listing rules at an appropriate time[98]

Financial Performance - For the nine months ending November 30, 2024, the company reported a total revenue of HKD 1,304,551,000, an increase from HKD 1,192,889,000 in the same period last year, representing a growth of approximately 9.36%[2] - The net interest income for the current period was HKD 1,008,263,000, compared to HKD 928,720,000 in the previous year, reflecting an increase of about 8.58%[2] - Operating income for the nine months was HKD 1,217,802,000, up from HKD 1,115,111,000, indicating a growth of approximately 9.19%[2] - The company reported a profit before tax of HKD 328,748,000, slightly down from HKD 339,443,000, showing a decrease of about 3.06%[2] - The net profit for the period was HKD 275,307,000, compared to HKD 282,263,000 in the previous year, a decline of approximately 2.93%[2] - The basic earnings per share decreased to HKD 65.74 from HKD 67.40, reflecting a decline of about 2.47%[2] - Total comprehensive income for the period was HKD 267,664,000, an increase from HKD 243,410,000, representing a growth of approximately 9.97%[16] Assets and Liabilities - The total assets as of November 30, 2024, were HKD 2,042,612,000, compared to HKD 2,007,847,000, indicating an increase of about 1.73%[20] - The company’s total liabilities were HKD 2,322,924,000, up from HKD 1,677,543,000, reflecting a significant increase of approximately 38.54%[20] - The net amount of current assets was HKD 3,539,623,000, down from HKD 3,875,842,000, indicating a decrease of about 8.66%[20] - Total equity increased to HKD 4,134,649 thousand as of November 30, 2024, compared to HKD 4,067,993 thousand in the previous period, reflecting a growth of approximately 1.64%[24] - The total liabilities decreased to HKD 5,582,235 thousand from HKD 5,883,689 thousand, indicating a reduction of approximately 5.11%[24] Cash Flow - For the nine months ending November 30, 2024, the net cash generated from operating activities was HKD 24,855,000, compared to a net cash outflow of HKD 559,966,000 for the same period in 2023[26] - The cash and cash equivalents at the end of the period were HKD 229,386,000, down from HKD 284,126,000 at the end of the previous year[26] - The company reported a net cash outflow from investment activities of HKD 38,385,000 for the nine months ending November 30, 2024, compared to HKD 85,961,000 in the same period of 2023[26] - The company incurred a net cash outflow of HKD 44,694,000 for lease liabilities and paid interest during the nine months ending November 30, 2024[26] Customer Loans and Receivables - The total customer loans and receivables as of November 30, 2024, amounted to HKD 7,354,369,000, with HKD 5,458,623,000 in customer loans and HKD 7,135,907,000 in receivables[47] - The total customer loans and receivables balance as of November 30, 2024, was HKD 7,354,369,000, representing a 5.7% increase from HKD 6,960,859,000 as of February 19, 2024[53] - The first stage loans, which have not shown significant increases in credit risk, accounted for 95.6% of total customer loans and receivables as of November 30, 2024[53] - The second stage loans, indicating a significant increase in credit risk, represented 0.9% of total customer loans and receivables as of November 30, 2024[54] - The third stage loans, which have experienced credit loss events, accounted for 3.5% of total customer loans and receivables as of November 30, 2024[55] Impairment and Provisions - The company reported a decrease in impairment provisions for receivables, with HKD 268,200,000 as of November 30, 2024, compared to HKD 247,091,000 as of February 29, 2024[49] - The total expected credit loss remeasurement during the period was HKD 338,885,000, with significant contributions from the third stage loans[51] - Impairment losses and provisions increased by 28.8% or HKD 76.1 million to HKD 340.2 million, up from HKD 264.1 million in the previous year[79] Marketing and Business Strategy - The company plans to continue expanding its services and improving its product offerings to enhance market presence[35] - The marketing strategy focused on targeted promotional activities to attract customers and drive local and international sales growth[62] - The group successfully implemented targeted marketing plans, leading to continuous growth in credit card and personal loan receivables despite slow local consumer recovery[71] - The company has prioritized the digitization of operations, enhancing call center capabilities and developing data analytics tools to improve marketing and credit management[64] Economic Outlook - The economic outlook in mainland China has improved, which is expected to enhance consumer confidence and positively impact local market sentiment[60] - The overall business environment in Hong Kong is gradually improving due to U.S. interest rate cuts and stimulus measures in mainland China[93] - The local consumption market is expected to continue a slow recovery, with a focus on overseas and online sales growth[94] Sustainability and Innovation - The company is committed to reducing carbon footprint and energy consumption through digital payment solutions and energy-saving measures[95] - The new credit card design reflects the company's commitment to innovation and sustainability, incorporating contactless payment and recycled plastic features[64] - The introduction of online private loan confirmation programs will enhance customer convenience and reduce paper consumption[95]