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。 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據本 集團截至二零二五年六月三十日止六個月（「本期間」）之未經審核管理賬目及董 事會目前可獲得的資料而作出的初步評估，比對本公司二零二四年中期報告所載 截至二零二四年六月三十日止六個月（「二零二四年期間」）所錄得的未經審核綜 合淨虧損，預期本集團於本期間錄得未經審核綜合淨溢利。該變動乃主要由於本 集團持作買賣資產的表現由二零二四年期間錄得虧損約43.4百萬港元轉為本期間 錄得溢利約6.7百萬港元。 1 本公告所載資料僅根據董事會經參考本集團於本期間之未經審核管理賬目及目前 可獲得的資料而作出的初步評估，有關資料並未經本公司核數師審核或審閱且經 彼等進一步審閱後或會予以調整。本期間的實際財務業績可能與本公告所披露資 料存在差異。謹請股東及潛在投資者細閱本公司於本期間的中期業績公告，該公 告預期將於二零二五年八月二十八日刊發。 本公司股東 ...

資產淨值 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，對其準確性或完備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依賴該等內容而引致之任何損失承擔任何責任。 於本公佈日期，本公司董事會成員包括： 執行董事： 獨立非執行董事： 沈潔蘭女士 洪祖星先生 鍾輝珍女士 余達志先生 於二零二五年七月三十一日，港灣數字產業資本有限公司(「本公司」)每股普通 股股份之未經審核綜合資產淨值約為 0.668 港元。 香港，二零二五年八月十五日 ...

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: 港灣數字產業資本有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 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) | 00913 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000,000 | HKD | | 0.001 | HKD | | 2,000,00 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 1,226,000, a decrease of 15.1% compared to HKD 1,443,000 for the year ended December 31, 2023[3] - The total income from the sale of trading securities was HKD 2,928,000, down from HKD 10,405,000, representing a decline of 71.9%[3] - The loss from fair value changes of listed equity investments through profit or loss was HKD 11,945,000, compared to a gain of HKD 6,787,000 in the previous year[3] - The net loss attributable to equity holders for the year was HKD 16,848,000, compared to a loss of HKD 14,783,000 in the previous year, reflecting an increase in loss of 14.1%[3] - Basic and diluted loss per share for the year was HKD 0.06, compared to HKD 0.05 in the previous year[3] - The group reported a net loss attributable to shareholders of approximately HKD 16,800,000 for the year, compared to HKD 14,800,000 in the previous year, primarily due to losses from listed investments and impairment of financial assets[27] - The basic loss per share for the year was approximately HKD 0.06, compared to HKD 0.05 in the previous year[27] - The group experienced a loss of approximately HKD 14,700,000 from listed securities, including realized losses of HKD 2,800,000 and unrealized losses of HKD 11,900,000[35] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 172,017,000, slightly up from HKD 170,304,000 in the previous year[4] - The net asset value per share decreased to HKD 0.48 from HKD 0.60 year-over-year[4] - Cash and cash equivalents increased significantly to HKD 11,351,000 from HKD 1,978,000, marking a growth of 474.5%[4] - The group's current assets as of December 31, 2024, are approximately HKD 153,700,000, with cash and bank balances of HKD 11,400,000, an increase from HKD 2,000,000 in the previous year[40] - The net asset value per share as of December 31, 2024, is HKD 0.48, down from HKD 0.60 in the previous year, with total net assets of approximately HKD 172,000,000[40] - The group's capital debt ratio remains stable at 0.5% as of December 31, 2024, indicating a solid financial structure[40] - The group has no outstanding bank borrowings as of December 31, 2024, ensuring adequate financial resources for ongoing operations[40] Investment Portfolio - The investment portfolio as of December 31, 2024, included listed equity investments worth HKD 106,600,000 and non-listed bond investments of HKD 18,300,000, representing approximately 62.0% and 10.6% of the group's net assets, respectively[29] - The group confirmed revenue of HKD 1,226,000 from listed equity investments and HKD 1,200,000 from debt investments, totaling HKD 3,129,000 for the year, a decrease from HKD 3,402,000 in the previous year[17] - The group has maintained a diversified investment portfolio across various industries, including finance, consumer products, media, construction, and mining[29] - The group recorded realized losses of approximately HKD 2,800,000 from listed equity investments, a significant improvement from HKD 23,600,000 in the previous year[29] - Unrealized losses from listed equity investments amounted to approximately HKD 11,900,000, compared to a gain of HKD 6,800,000 in the previous year[29] Corporate Governance and Compliance - The company maintains a commitment to effective corporate governance standards, adhering to the principles outlined in the corporate governance code[55] - The board of directors confirmed compliance with the standard code of conduct for securities trading throughout the year[58] - The audit committee, consisting of independent non-executive directors, reviewed the consolidated performance for the fiscal year ending December 31, 2024[61] - The financial statements for the year ending December 31, 2024, were audited by KPMG, confirming consistency with the group's financial data[62] - The annual performance announcement and annual report will be published on the company's website and the Hong Kong Stock Exchange website[63] Future Outlook and Strategic Plans - The company anticipates that the global investment environment will present both risks and opportunities, particularly due to the impact of tariffs and potential currency fluctuations[53] - The company has no specific plans for significant investments or capital assets as of December 31, 2024[50] - The application of new Hong Kong Financial Reporting Standards is not expected to have a significant impact on the group's financial position and performance in the foreseeable future[16] Capital Activities - The company successfully raised approximately HKD 14,200,000 through a placement, with a net amount of about HKD 14,000,000 after expenses, equivalent to a net issue price of approximately HKD 0.236 per share[44] - The placement price of HKD 0.240 per share represents a discount of approximately 14.3% to the closing price of HKD 0.280 on October 7, 2024, and a discount of approximately 9.4% to the average closing price of HKD 0.265 over the preceding five trading days[44] - As of December 31, 2024, approximately HKD 1,900,000 of the net proceeds has been utilized for intended operating capital and listed investment purposes, with the remaining HKD 12,100,000 expected to be used by December 31, 2025[44] - The company did not engage in any capital activities during the year, nor did it have any significant acquisitions or disposals of subsidiaries, associates, or joint ventures[45][47] Market Performance - The Dow Jones Industrial Average increased by 12.9% from 37,689 points at the end of 2023 to 42,544 points, while the Hang Seng Index rose by 17.7% from 17,047 points to 20,060 points during the same period[51]

(Incorporated in the Cayman Islands with limited liability) 港灣數字產業資本有限公司 Harbour Digital Asset Capital Limited (Stock code 股份代號：913) (於開曼群島註冊成立的有限公司) INTERIM REPORT 中期報告 2024 Contents 目錄 Page 頁次 | --- | --- | |-------------------------------------|----------------------| | | | | Corporate Information | 公司資料 | | Condensed Consolidated Statement of | 簡明綜合全面收益表 | | Comprehensive Income | | | Condensed Consolidated Statement of | 簡明綜合財務狀況表 | | Financial Position | | | Condensed Consolidated Statement of | 簡明綜合權 ...

Financial Performance - Total revenue from the sale of trading securities for the six months ended June 30, 2024, was HKD 1,466,000, compared to HKD 5,650,000 for the same period in 2023, representing a decrease of approximately 74%[1] - The company reported a pre-tax loss of HKD 45,922,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 33,334,000 for the same period in 2023, indicating an increase in losses of approximately 38%[1] - The fair value change of listed equity investments through profit or loss resulted in a loss of HKD 43,438,000 for the current period, compared to a loss of HKD 30,187,000 in the previous period, reflecting a deterioration of approximately 44%[1] - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.1609, compared to HKD 0.1185 for the same period in 2023, representing an increase of approximately 36%[1] - The company recorded a net loss of approximately HKD 45,900,000 for the six months ended June 30, 2024, compared to a net loss of approximately HKD 33,300,000 for the same period last year[24] - The fair value loss on listed equity investments during this period was approximately HKD 43,400,000, compared to HKD 30,200,000 for the six months ended June 30, 2023[24] - The company reported a basic and diluted loss per share of HKD 0.1609, while the same period last year showed a basic and diluted earnings per share of HKD 0.1185[24] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 110,666,000, down from HKD 152,986,000 as of December 31, 2023, indicating a decrease of approximately 28%[2] - The company's net asset value decreased to HKD 128,965,000 as of June 30, 2024, from HKD 170,304,000 as of December 31, 2023, representing a decline of approximately 24%[2] - The company's non-current assets amounted to HKD 18,759,000 as of June 30, 2024, compared to HKD 18,159,000 as of December 31, 2023[13] - The company's total assets included approximately HKD 70,909,000 in current assets as of June 30, 2024[16] - The group's current assets net value as of June 30, 2024, was approximately HKD 110,200,000, down from HKD 152,100,000 as of December 31, 2023[34] Revenue Sources - Interest income from receivables was HKD 602,000 for the six months ended June 30, 2024, slightly up from HKD 597,000 in the same period of 2023[3] - Over 90% of the company's revenue and non-current assets are derived from Hong Kong, indicating a concentrated market focus[7] Investment Portfolio - The company has only one business segment, which is the investment in listed and unlisted securities, and does not report segment data due to the nature of its operations[6] - The company’s major investments included a fair value of HKD 6,874,000 in Financial Media Group Limited, representing 7.7% of the investment portfolio[16] - The investment portfolio included listed equity investments worth HKD 70,900,000 and a direct unlisted debt investment of HKD 18,800,000, representing approximately 55.0% and 14.5% of the group's net asset value, respectively[25] - The investment in China Integrated Holdings accounted for approximately 5.7% of the group's total assets, with an unrealized loss of RMB 11,800,000 during the period[27] - The investment in Huilong Holdings represented approximately 11.8% of the group's total assets, with an unrealized loss of HKD 10,400,000[28] - Asia Foods, which operates in food and beverage distribution, reported a net profit of HKD 1,900,000 for the fiscal year ending March 31, 2024, with an unrealized gain of HKD 2,000,000[28] Strategic Outlook - The company plans to maintain a diversified investment portfolio across various industries, including finance, consumer goods, and manufacturing[25] - The board remains cautious in identifying investment opportunities to achieve medium to long-term capital appreciation[25] - The company is exploring suitable investment opportunities to maximize shareholder value, particularly in the rapidly growing digital media marketing sector[26] - Huilong Holdings is reviewing its asset structure and business strategy to adapt to economic uncertainties and enhance profitability[28] Corporate Governance and Management - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[23] - The credit loss provision for debt investments remained unchanged at HKD 2,765,000 for both periods[14] - The group did not have any significant capital commitments as of June 30, 2024[35] - The board believes that the foreign exchange risk faced by the group is minimal, as most investments are denominated in HKD[36] - The group has adhered to corporate governance codes throughout the reporting period, with no purchases, sales, or redemptions of its listed securities[38] - As of June 30, 2024, the group has a total of 16 employees, including directors, with compensation based on performance, experience, and market standards[39] - The audit committee, composed of independent non-executive directors, has reviewed the accounting principles and practices adopted by the group, discussing risk management and financial reporting matters[40] - The board expresses gratitude to the management team and employees for their contributions during the period, as well as to shareholders for their support[42] Market Performance - The Dow Jones Industrial Average increased by 3.8% from 37,689 points to 39,118 points during the reporting period[31] - The Hang Seng Index rose by 3.9% from 17,047 points to 17,718 points during the same period[31] Cash Flow and Financial Ratios - Cash and bank balances increased to approximately HKD 3,900,000 as of June 30, 2024, compared to HKD 2,000,000 as of December 31, 2023[34] - The group's capital debt ratio was 0.4% as of June 30, 2024, slightly down from 0.5% as of December 31, 2023[34]

Financial Performance - The Group's audited consolidated net loss attributable to shareholders for the year ended 31 December 2023 was approximately HK$14.8 million, a significant improvement from HK$44.1 million in 2022[10]. - Loss per share for the year was approximately HK$0.05, compared to HK$0.16 in 2022[10]. - The Group reported a loss for the year ended December 31, 2023, with no interim or final dividends recommended for the year[88][93]. Investment Portfolio - The Group's investment portfolio as of 31 December 2023 included listed shares in 32 companies valued at HK$112.4 million, representing approximately 66.0% of the Group's consolidated net asset value[18]. - The Group also held an unlisted bond investment in AMCO United Holding Limited valued at HK$18.2 million, accounting for approximately 10.7% of the Group's consolidated net asset value[18]. - The valuation of the Group's stake in AMCO as of 31 December 2023 was approximately HK$18.2 million, with an increase in value of approximately HK$1.1 million during the year[20]. - The Group's investment in unlisted bonds of JunTai Holdings Limited is valued at HK$18,200,000, accounting for about 10.7% of the Group's net assets[21]. - The Group's financial summary for the last five financial years is detailed on page 172, extracted from audited financial statements[100]. Investment Strategy - The Board plans to maintain a diversified investment portfolio across various sectors, including finance, consumer goods, media, construction, and mining[17]. - The Group's focus remains on identifying investment opportunities for medium-term or long-term capital appreciation[12]. - The Group's investment strategy includes maintaining a diversified portfolio across various industries, including finance, consumer products, media, construction, and mining[21]. Market Performance - The Hang Seng Index decreased by 13.8% from 19,781 points on December 31, 2022, to 17,047 points on December 31, 2023[58]. - The peak of the Hang Seng Index in 2023 was 22,688 points in late January, while the lowest point was 16,228 points in mid-December[58]. - The Nasdaq, S&P 500, and Dow Jones indices increased by approximately 43.4%, 24.2%, and 13.7% respectively in 2023[63]. Financial Position - The Group's net current assets as of December 31, 2023, were approximately HK$152.1 million, down from HK$168.0 million in 2022[41]. - Cash and bank balances decreased to approximately HK$2.0 million as of December 31, 2023, compared to HK$7.4 million in 2022[41]. - The consolidated net asset value per share was HK$0.60 as of December 31, 2023, down from HK$0.66 in 2022[41]. - The gearing ratio improved to 0.5% as of December 31, 2023, from 0.8% in 2022[42]. Corporate Governance - The Company complied with all provisions of the Corporate Governance Code for the year, except for code provision C.2.1 regarding the separation of roles between the chairman and chief executive[167]. - The Board consists of one executive director, two non-executive directors, and three independent non-executive directors, ensuring a diverse and professional composition[175]. - The Company has adopted the Model Code for Securities Transactions by Directors, and all directors confirmed compliance for the year[174]. - The Board of Directors has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific company affairs[187]. Employee Development - The Group encourages employee development through professional examinations, seminars, and training, along with competitive remuneration and annual performance reviews[99]. - The Company provides competitive compensation and annual performance evaluations for employees to reflect their contributions[103]. Environmental and Regulatory Compliance - The Group has initiated environmental protection measures, including paper recycling and auto power-saving modes on office computers[97]. - The Group complies with relevant laws and regulations in Hong Kong and other jurisdictions regarding its investment activities[98]. - The Company has complied with relevant laws and regulations in Hong Kong and other jurisdictions regarding its investments as of December 31, 2023[102]. Future Outlook - The company will adopt a conservative investment approach in 2024 to enhance shareholder value amid global investment risks[68]. - The Federal Reserve is expected to cut interest rates by 25 basis points at each meeting starting in June 2024, bringing the target range to 4.00%-4.25% by the end of 2024[64]. - China's GDP growth is forecasted to slow to 4.6% in 2024 from an estimated 5.4% in 2023, with a potential drop to 3.4% by 2028[67].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,443,000, compared to HKD 1,723,000 for the previous year, representing a decrease of 16.2%[3] - The total income from the sale of trading securities increased to HKD 10,405,000, up from HKD 5,983,000, marking a growth of 74.5%[3] - The loss from fair value investments decreased to HKD 23,593,000 from HKD 47,047,000, a reduction of 49.8%[3] - Operating expenses were reduced to HKD 6,327,000 from HKD 16,720,000, a decrease of 62.1%[3] - The net loss attributable to equity holders for the year was HKD 14,783,000, down from HKD 44,080,000, indicating an improvement of 66.5%[3] - Basic and diluted loss per share improved to HKD 0.05 from HKD 0.16, reflecting a 68.8% reduction in loss per share[3] - The group reported a net loss attributable to shareholders of approximately HKD 14,800,000 for the year, compared to HKD 44,100,000 in the previous year, indicating a significant improvement in performance[23] - The basic loss per share for the year was approximately HKD 0.05, down from HKD 0.16 in the previous year, reflecting a reduction in losses[19] Assets and Investments - Total assets decreased to HKD 152,986,000 from HKD 169,390,000, a decline of 9.7%[4] - Net asset value per share decreased to HKD 0.60 from HKD 0.66, a decline of 9.1%[4] - The investment portfolio as of December 31, 2023, included listed equity investments valued at HKD 112,400,000, representing about 66.0% of the group's net assets[25] - The group's investment in Hui Long Holdings accounted for approximately 15.0% of total assets, with an unrealized loss of about HKD 22,200,000 during the year[28] - The investment in China Integrated Holdings represented approximately 11.1% of total assets, with unrealized gains of about RMB 12,600,000 during the year[29] - The fair value of the investment in Financial Media accounted for approximately 8.5% of the total assets of the group as of December 31, 2023[30] Market Conditions - Realized losses from listed investments amounted to approximately HKD 23,600,000, a decrease from HKD 47,000,000 in the previous year, showing improved market conditions[25] - Unrealized gains from listed investments were approximately HKD 6,800,000, compared to HKD 29,900,000 in the previous year, indicating a decline in unrealized gains[25] - The net loss from the sale of listed securities for the year was approximately HKD 16,800,000, with realized losses of HKD 23,600,000 and unrealized gains of HKD 6,800,000[31] - The net unrealized gains amounted to approximately HKD 45,500,000, offset by unrealized losses of HKD 38,700,000[32] - The Hang Seng Index decreased by 13.8% from 19,781 points on December 31, 2022, to 17,047 points on December 31, 2023[45] - The Nasdaq index increased by approximately 43.4% in 2023, outperforming the Hong Kong market[45] Corporate Governance and Strategy - The company has no significant new strategies or product developments mentioned in the report[6] - The group did not recommend a final dividend for the year, consistent with the previous year[24] - The group did not incur any taxable profits in Hong Kong for the years ended December 31, 2023, and December 31, 2022, resulting in no provision for Hong Kong profits tax[18] - The company has adhered to all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO[49] - The audit committee, composed of independent non-executive directors, has reviewed the consolidated performance for the year ending December 31, 2023[54] - The financial statements for the year ending December 31, 2023, have been audited by KPMG, confirming consistency with the reported figures[55] - The board of directors is committed to maintaining high standards of corporate governance to protect shareholder interests[49] Future Outlook - The company did not engage in any capital operations during the year but is actively seeking funding opportunities to enhance its financial position[38] - The Federal Reserve is expected to gradually normalize policy rates by mid-2024, with a target range of 4.00%-4.25% by the end of the year[48] - Quantitative tightening is projected to remove approximately $1 trillion from the economy in 2024, at a rate of $95 billion per month[48] - China's GDP growth is forecasted to slow from 5.4% last year to 4.6% in 2024, with further decline to 3.4% by 2028[48] - The U.S. stock market indices are nearing historical highs, indicating a risk of unexpected pullbacks[48] - The company will continue to adopt a conservative investment approach to enhance shareholder value amid a mixed global investment environment[48] - The annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange[57]

Financial Performance - For the six months ended June 30, 2023, the gross proceeds from the disposal of trading securities amounted to HK$5,650,000, an increase of 96.5% compared to HK$2,881,000 in the same period of 2022[11]. - Revenue for the period was HK$840,000, down 20.6% from HK$1,057,000 in the previous year[11]. - The loss before tax for the period was HK$33,334,000, an improvement of 20.9% compared to a loss of HK$42,205,000 in the same period of 2022[12]. - The total comprehensive loss attributable to equity holders of the Company for the period was HK$33,334,000, compared to HK$42,205,000 in the previous year[12]. - For the six months ended June 30, 2023, the company reported a total comprehensive loss of HK$33,334,000, compared to a loss of HK$42,205,000 for the same period in 2022, representing a decrease in loss of approximately 21%[15]. - The company's total equity attributable to equity holders decreased from HK$185,087,000 at the beginning of the year to HK$151,753,000 by June 30, 2023, reflecting a decline of about 18%[15]. - The net cash used in operating activities for the six months ended June 30, 2023, was HK$6,586,000, compared to a net cash inflow of HK$8,419,000 in the same period of 2022[19]. - The Group recorded a net loss of approximately HK$33.3 million for the six months ended 30 June 2023, an improvement from a net loss of approximately HK$42.2 million in the same period last year[90]. - The net loss was primarily due to a fair value loss of listed equity instruments amounting to approximately HK$30.2 million during the Period, compared to HK$30.0 million in the prior year[90]. Assets and Liabilities - The net assets as of June 30, 2023, were HK$151,753,000, a decrease of 18.0% from HK$185,087,000 as of December 31, 2022[14]. - The equity investments at fair value through profit or loss (FVPL) decreased to HK$87,470,000 from HK$118,858,000, reflecting a decline of 26.4%[14]. - Current liabilities decreased slightly to HK$462,000 from HK$1,403,000, indicating a reduction of 67.1%[14]. - The cash and bank balances as of June 30, 2023, were HK$838,000, down 88.7% from HK$7,424,000 at the end of 2022[14]. - The Group's net current assets as of June 30, 2023, were approximately HK$135.3 million, down from approximately HK$168.0 million as of December 31, 2022[129]. - The unaudited consolidated net asset value per share was HK$0.540 as of June 30, 2023, compared to HK$0.658 as of December 31, 2022[131]. - The Group's gearing ratio improved to 0.3% as of June 30, 2023, from 0.8% as of December 31, 2022, indicating a healthy capital structure[132]. Revenue Sources - Interest income from debt investments at amortised cost increased to HK$597,000 in 2023 from HK$325,000 in 2022, marking an increase of approximately 83%[27]. - Dividend income from listed equity investments at fair value through profit or loss decreased significantly to HK$243,000 in 2023 from HK$732,000 in 2022, a decline of about 66.8%[27]. Corporate Governance - The Company complied with the Corporate Governance Code throughout the period, except for the separation of roles between the chairman and chief executive[159]. - The Audit Committee reviewed the accounting principles and practices, discussing risk management and financial reporting matters for the interim period[168]. - The Remuneration Committee is responsible for determining the remuneration packages for executive directors and senior management, ensuring alignment with market standards[169]. - The Nomination Committee reviews the structure and composition of the Board to ensure compliance with Listing Rules and fiduciary duties[170]. - The Board consists of one executive director, two non-executive directors, and three independent non-executive directors, ensuring diverse governance[171]. - The Company has maintained its remuneration policy without significant changes during the reporting period[167]. - The Company expresses appreciation to the management team and staff for their contributions during the period[172]. - The Company is committed to reviewing and updating corporate governance practices to comply with Listing Rules[166]. Market and Economic Conditions - The Hang Seng Index decreased by 4.4% from 19,781 points at the end of 2022 to 18,916 points as of June 30, 2023, after experiencing significant volatility[117]. - The performance of the US stock markets was notably better, with Nasdaq increasing by approximately 31.7%, S&P 500 by 15.9%, and Dow Jones by 3.8% in the first half of 2023[118]. - The US economy's real GDP is estimated to have expanded at an annualized pace of 2.0% to 2.4% in the first half of 2023, driven by resilient consumer spending[119]. - The economic recovery in China is projected to achieve a GDP growth of 5.7% for 2023, slightly above the government's forecast of around 5%[124]. Investment Strategy - The Group's focus remains on listed equity investments in Hong Kong, with a cautious approach to identifying investment opportunities for medium to long-term capital appreciation[92]. - The Board will maintain a diversified investment portfolio covering various sectors, including finance, consumer goods, and media[97]. - The Group has not held any investment exceeding 5% of its total assets as of 30 June 2023, aside from its significant investments[99]. - The Group's significant unlisted bond investment in AMCO United Holding Limited has a net asset value of approximately HK$18.6 million, indicating sufficient working capital for ongoing business operations[99]. Employee and Management Information - As of June 30, 2023, the Group had 16 employees, with remuneration based on performance, experience, and market standards[167]. - The short-term benefits for key management personnel during the six months ended June 30, 2023, amounted to HK$600,000, a decrease from HK$690,000 in the same period of 2022[87]. Miscellaneous - The Company has not disclosed any new product developments or market expansion strategies in the interim report[9]. - The company did not receive any government grants during the six months ended June 30, 2023, compared to HK$24,000 in government grants received in the same period of 2022[27]. - The company did not purchase, sell, or redeem any of its listed securities during the period[152]. - The interim report is printed on environmentally friendly paper, reflecting the Company's commitment to sustainability[176].

Financial Performance - The Group reported a consolidated net loss attributable to shareholders of approximately HK$44.1 million for the year ended 31 December 2022, compared to a loss of HK$22.6 million in 2021, resulting in a loss per share of approximately HK$0.16[10]. - The Group experienced a net realized loss of approximately HK$47.0 million on listed equity investments, compared to a gain of HK$3.0 million in 2021[12]. - The Group reported an unrealized gain of approximately HK$29.9 million on listed equity investments, up from HK$9.0 million in 2021[12]. - The Group incurred a net realized loss of approximately HK$47.0 million on the disposal of listed securities, primarily due to a loss of approximately HK$46.8 million from Legendary Group Limited[34]. - The Group's total loss on listed securities for the year was approximately HK$17.1 million[34]. - The consolidated net asset value per share decreased to HK$0.66 as of December 31, 2022, down from HK$0.79 in 2021, based on net assets of approximately HK$185.1 million compared to HK$217.0 million in 2021[44]. - The Group's gearing ratio increased to 0.8% as of December 31, 2022, from 0.3% in 2021, calculated based on total liabilities divided by total assets[45]. - The Group reported a loss for the year ended December 31, 2022, with no interim or final dividends recommended for the year[98]. Investment Portfolio - The Group's investment portfolio as of 31 December 2022 included listed shares in 30 companies valued at HK$118.9 million, representing approximately 64.2% of the Group's consolidated net asset value[18]. - The Group also held an unlisted bond investment in a listed company valued at HK$17.1 million, accounting for approximately 9.2% of the Group's consolidated net asset value[18]. - The Board plans to maintain a diversified investment portfolio covering various sectors, including finance, consumer goods, media, construction, and mining[17]. - The Group's investment in AMCO was valued at approximately HK$17.1 million as of December 31, 2022, with a decrease of approximately HK$3.8 million in bond investment value during the year[24]. - WLS Holdings reported an audited consolidated loss of HK$12.0 million for the year ended April 30, 2022, with the fair value of the Group's investment in WLS representing approximately 25.7% of total assets[28]. - SEEC Media recorded an audited consolidated loss of HK$40.1 million for the year ended December 31, 2021, with the fair value of the Group's investment in SEEC accounting for approximately 5.8% of total assets[29]. - Asia Grocery reported an audited consolidated loss of HK$2.1 million for the financial year ended March 31, 2022, with the fair value of the Group's investment in Asia Grocery representing approximately 5.7% of total assets[33]. Market Conditions - The Dow Jones Industrial Index dropped by approximately 8.8% from 36,338 points at the end of 2021 to 33,147 points at December 31, 2022, while the Hang Seng Index decreased by approximately 15.5% from 23,397 points to 19,781 points during the same period[61]. - The Federal Reserve raised the target range for the fed funds rate by 50bps to 4.25%-4.5% in December 2022, marking the seventh consecutive rate hike[66]. - Credit Suisse reported an annual loss of CHF 7.3 billion, the largest loss since the 2008 global financial crisis[72]. - The EU's GDP growth for 2022 is estimated at 3.5%, with projections of 0.8% growth in 2023 and 1.6% in 2024[67]. - Headline inflation in the EU is forecasted to decrease from 9.2% in 2022 to 6.4% in 2023 and 2.8% in 2024[67]. - Daily new COVID-19 cases in China increased from double digits in early 2022 to over 99 million cases in March 2023[76]. Corporate Governance - The Company has adopted principal corporate governance practices, detailed on pages 28 to 51 of the report[124]. - The Company has complied with all code provisions set out in the Corporate Governance Code for the year ended December 31, 2022, except for code provision C.2.1[169]. - The Board consists of one executive director, two non-executive directors, and three independent non-executive directors, ensuring a diverse and professional composition[177]. - All independent non-executive directors have confirmed their independence in accordance with Rule 3.13 of the Listing Rules[182]. - The Company has adopted the Model Code for Securities Transactions by Directors, and all directors have confirmed compliance for the year[176]. - The Board is committed to ongoing enhancement of corporate governance standards to safeguard shareholder interests and enhance corporate value[168]. Employee and Management - The Group maintained a stable workforce of 15 employees as of December 31, 2022, with no significant changes in the remuneration policy[52]. - The Company has provided competitive remuneration and career advancement opportunities for employees, with annual performance reviews reflecting contributions[109]. - The company secretary continuously updates all directors on the latest developments regarding listing rules and regulatory requirements[200]. - The company encourages directors to attend relevant training courses to stay abreast of changes in laws and regulations[200]. Future Outlook and Strategy - The company plans to adopt a conservative investment approach to enhance shareholder value amid uncertain global investment signals[77]. - The company is investing in the development of new technologies, with a budget allocation of $5 million for R&D in the upcoming year[90]. - Harbour Digital Asset Capital Limited plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[90]. - The company is exploring potential acquisitions to enhance its service offerings, with a focus on fintech startups[90]. - A new digital asset management platform is set to launch in Q3 2023, expected to increase operational efficiency by 30%[90]. - The board of directors emphasized the importance of sustainable growth strategies in their future business plans[90].