Financial Performance - The group recorded revenue of approximately HKD 28,500,000, a decrease of 54.3% compared to HKD 62,300,000 in the same period last year[7]. - The net loss for the period was approximately HKD 13,500,000, a reduction of 37.2% from HKD 21,500,000 in the previous year[7]. - The company's revenue for the six months ended September 30, 2019, was HKD 28,501,000, a decrease of 54.3% compared to HKD 62,265,000 for the same period in 2018[61]. - Gross profit for the same period was HKD 12,997,000, down 40.0% from HKD 21,667,000 in 2018[61]. - The company reported a loss before tax of HKD 13,907,000, an improvement of 36.5% compared to a loss of HKD 21,926,000 in the previous year[61]. - The net loss for the period was HKD 13,541,000, compared to a net loss of HKD 21,524,000 in 2018, reflecting a 37.0% reduction in losses[61]. - Basic and diluted loss per share was HKD 1.17, an improvement from HKD 2.65 in the same period last year[61]. - The group reported a pre-tax loss of approximately HKD 14,663,000 for the six months ended September 30, 2019, compared to a loss of HKD 22,074,000 in the same period of 2018[122]. Assets and Liabilities - The group's total assets and net assets as of September 30, 2019, were approximately HKD 204,700,000 and HKD 88,800,000, respectively, compared to HKD 201,300,000 and HKD 87,300,000 as of March 31, 2019[12]. - The asset-liability ratio was approximately 131% as of September 30, 2019, compared to 130% as of March 31, 2019[13]. - Non-current assets totaled HKD 155,782,000 as of September 30, 2019, a slight decrease from HKD 157,411,000 as of March 31, 2019[66]. - Current assets increased to HKD 48,964,000 from HKD 43,866,000, primarily due to an increase in trade receivables[66]. - Current liabilities rose to HKD 84,950,000, up from HKD 60,252,000, indicating increased financial obligations[66]. - The total assets as of September 30, 2019, amounted to HKD 204,746 thousand, a slight decrease from HKD 201,277 thousand as of March 31, 2019[101]. - The total equity as of September 30, 2019, was HKD 88,792,000, an increase from HKD 87,333,000 as of March 31, 2019[67]. Strategic Initiatives - The group is undergoing strategic adjustments to focus on the Asia-Pacific gaming market and IT solutions, aiming to refresh its corporate image[14]. - The group aims to establish a new milestone for future business transformation by changing its English name and transferring gaming rights in Cambodia[14]. - The group has taken actions to simplify operations, including the potential sale of mobile gaming applications and Forenzia Enterprises Limited[18]. - The group is shifting its focus to explore business opportunities in Cambodia, particularly in the gaming sector, due to increased demand for entertainment[22]. - The group has entered into a lease agreement for 4 gaming tables at Century Entertainment, with a monthly rent of HKD 1,200,000, effective from November 1, 2019, to September 30, 2020[25]. - The group anticipates a five-year management agreement for the gaming tables at a cost of HKD 120,000,000, supported by profit guarantees from Lion King and Mr. Ng[25]. Share Capital and Options - The group’s capital structure included a total of 1,282,475,614 shares issued with a par value of HKD 0.20 per share as of September 30, 2019[8]. - The company has a total of 66,182 thousand stock options granted under the 2012 stock option plan, with various exercise prices ranging from HKD 0.200 to HKD 1.345[48]. - The number of unexercised stock options as of September 30, 2019, includes 6,100 thousand options granted on December 1, 2017, with an exercise price of HKD 0.280[48]. - The company’s stock options are set to expire between 2023 and 2028, with specific exercise periods outlined for each grant[48]. - The company’s management has not exercised any stock options during the review period[48]. - The company adopted a share option scheme in 2012, which is set to expire on September 11, 2022[151]. Dividends and Financing - The group does not recommend an interim dividend for the six months ending September 30, 2019, compared to no dividend in the previous year[29]. - The company issued convertible bonds amounting to HKD 15,000,000 during the reporting period[69]. - The net cash generated from financing activities was HKD 21,080,000 for the six months ended September 30, 2019, compared to HKD 15,676,000 in the previous year[72]. - The company reported a net cash outflow from operating activities of HKD 18,902,000 for the six months ended September 30, 2019[72]. Lease and Accounting Changes - The company adopted HKFRS 16 Leases effective April 1, 2019, using the modified retrospective approach, resulting in an adjustment of HKD 6,860,000 to both lease liabilities and right-of-use assets[87]. - The weighted average incremental borrowing rate applied by the company for lease liabilities was 3.51%[90]. - The company has chosen not to recognize right-of-use assets and lease liabilities for low-value asset leases and short-term leases (12 months or less)[90]. - The cumulative impact of adopting HKFRS 16 was reflected in the opening balance of retained earnings as of April 1, 2019, without restating prior year comparatives[84]. Shareholder Information - As of September 30, 2019, major shareholders include Ms. Zheng Huimin with 96,212,121 shares (7.50%), Mr. Huang Weiqiang with 86,900,000 shares (6.78%), and Mr. Huang Jinhuan with 82,542,121 shares (6.44%)[43]. - The company has not disclosed any new product or technology developments in the provided documents[41]. - The company did not purchase, sell, or redeem any of its listed securities during the review period[50]. - The board of directors confirmed compliance with the standard code of conduct for securities transactions throughout the review period[51].

Financial Performance - The company recorded revenue of approximately HKD 71.2 million for the fiscal year, an increase of 14.5% compared to HKD 62.2 million in the previous year[16]. - The net loss for the year was approximately HKD 418.3 million, a significant increase of 725.0% from the previous year's loss of HKD 50.7 million, primarily due to impairment losses related to joint ventures[16]. - The group's total assets and net assets were approximately HKD 201,300,000 and HKD 87,300,000 respectively, down from HKD 591,800,000 and HKD 359,200,000 in 2018, indicating a significant decrease in asset value[26]. - The asset-liability ratio was approximately 130% as of March 31, 2019, compared to 65% in 2018, reflecting increased financial leverage[27]. - Cash and cash equivalents held by the group were approximately HKD 1,200,000 as of March 31, 2019, down from HKD 1,800,000 in 2018[27]. - The company raised approximately HKD 9,090,000 through a placement and subscription activity, which was primarily used for general administrative expenses and repayment of other borrowings[20]. Business Operations and Strategy - The company is focusing on expanding its operations in Cambodia, which is seen as a growing market for tourism and investment, particularly from Chinese tourists[12]. - The company continues to develop innovative intellectual property and technology solutions related to augmented reality (AR) and virtual reality (VR) applications[8]. - The company is strategically positioned to capitalize on opportunities in the Southeast Asian gaming market, particularly in Sihanoukville, Cambodia[7]. - The company plans to maintain its focus on both the gaming business in Cambodia and its AR/VR technology solutions in the coming year[12]. - The company is focusing on expanding its gaming business in the Asia-Pacific region, leveraging its accumulated knowledge and experience[29]. Corporate Governance - The company emphasizes maintaining high standards of corporate governance to enhance transparency and accountability[57]. - The chairman also serves as the CEO, which the board believes provides strong leadership and benefits strategic planning[59]. - The board consists of five members, including two executive directors and three independent non-executive directors, with independent directors accounting for over one-third of the board[69]. - The company has adopted a nomination policy to ensure a balanced diversity of skills, experience, and perspectives among board members[67]. - Independent non-executive directors have confirmed their independence according to the listing rules, ensuring effective governance contributions[73]. - The company has implemented strict guidelines for securities trading by directors, confirming compliance as of March 31, 2019[64]. - The board has established four committees to oversee various functions, including the audit committee, compliance committee, remuneration committee, and nomination committee[82]. Risk Management - The board is responsible for assessing and determining the nature and extent of risks to achieve the group's strategic objectives, ensuring an effective risk management and internal control system is in place[100]. - The audit committee continuously reviews significant risk management and internal control matters, considering the adequacy of resources and qualifications of personnel involved in accounting, internal audit, and financial reporting[100]. - The group has established risk management procedures to address and manage all significant risks related to its business, with annual reviews of any major changes in the business environment[100]. - The board believes that the risk management and internal control systems are reasonable, effective, and adequate as of March 31, 2019[102]. Shareholder Relations - The group maintains effective communication with shareholders, providing a platform for interaction during the annual general meeting[105]. - The group has engaged a professional public relations firm to maintain ongoing communication with investors and regularly meet with analysts and institutional investors[110]. - The company has adopted a dividend policy that is subject to the discretion of the board of directors, considering factors such as actual and expected financial performance, retained earnings, and capital expenditure requirements[118]. - The company has no predetermined dividend payout ratio, and past dividend distributions do not serve as a benchmark for future dividends[118]. Related Party Transactions - The company has established a continuous related party transaction framework, ensuring compliance with relevant regulations[166]. - The service agreement with Changsheng is considered a related party transaction but is exempt from independent shareholder approval due to its low annual cap[170]. - The independent non-executive directors concluded that the terms of the service agreement are fair and reasonable, benefiting the company and its shareholders[172]. Impairment and Asset Management - The company recognized a non-cash impairment loss of approximately HKD 353.6 million related to its 24.8% equity interest in Greek Mythology due to lack of financial information[32]. - The group sold a 24.8% stake in Greek Myth for a total consideration of HKD 38,000, resulting in a loss of approximately HKD 353,530,000 recorded in the annual loss[197]. - As of March 31, 2019, receivables from Greek Myth amounting to approximately HKD 28,500,000 were fully impaired, with the impairment loss recognized in the current year's profit and loss statement[200]. - The intangible asset related to the rights granted to Greek Myth for operating certain gaming tables and slot machines, with a carrying value of approximately HKD 3,069,000, was fully written off, and the write-off loss was recognized in the current year's profit and loss statement[200].