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本公佈全部或任何 部份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。 新 確 科 技 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：1063） 截至二零二二年十二月三十一日止年度之末期業績公佈 新確科技有限公司（「本公司」）董事會（「董事會」或「董事」）欣然公佈，本公司及 其附屬公司（統稱「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，連同截至二零二一年十二月三十一日止相應年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 4 128,035 199,967 銷售成本 (112,036) (174,624) 毛利 15,999 25,343 其他收益 5 612 211 分銷及銷售開支 (3,121) (6,091) 經營開支 (13,199) (25,152) 應收貿易賬款、其他應收款項及應收貸款之 ...

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，概不對因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 新確科技有限公司 （於百慕達註冊成立之有限公司） （股份代號：1063） 對截至二零二一年十二月三十一日止年度年報 的補充公佈 茲提述新確科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二零二二 年四月二十八日刊發的截至二零二一年十二月三十一日止年度年報（「二零二一年 年報」）。除非本公佈另有界定，本公佈所用詞彙具有二零二一年年報所界定的相 同涵義。 本公司刊發本公佈之目的為補充二零二一年年報所載資料，並更新放債業務及重 要投資的資料。 放債業務 本集團通常透過本集團在金融服務行業的聲譽、現有商業網絡及財經雜誌來接觸 目標客戶。本集團的目標客戶包括零售及企業客戶。 於釐定貸款期限時，本集團通常將考慮的因素包括但不限於借款人的個人財務背 景及還款能力、內部信用核查結果、借款人於其他金融機構的還款記錄以及（如適用） 將要抵押的抵押物的價值及是否有任何擔保。本集團將根據從借款人收集的資料 釐定貸款期 ...

2022 INTERIM REPORT 2022中期報告 截至二零二二年六月三十日止六個月 1 SunCorp Technologies Limited 新確科技有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code: 1063) （股份代號：1063） UNAUDITED INTERIM RESULTS The board of directors (the "Board" or "Directors") of SunCorp Technologies Limited (the "Company") presents the unaudited condensed consolidated interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2022 together with the comparative figures in ...

Financial Performance - For the year ended December 31, 2021, the Group's revenue was approximately HK$200.0 million, representing an increase of approximately 15.1% compared to HK$173.7 million in 2020[19]. - Gross profit for the year was approximately HK$25.3 million, a decrease of approximately 1.2% from HK$25.6 million in 2020[21]. - The Group's net loss for the year was approximately HK$58.8 million, primarily due to a provision for expected credit loss of approximately HK$68.3 million recognized during 2021[23]. - Revenue from the B2B cross-border e-commerce segment increased by approximately 5.8%, from approximately HK$81.7 million to approximately HK$86.4 million compared to 2020[27]. - Interest income from the money lending business was approximately HK$20.1 million for the year ended December 31, 2021[22]. - The Group recorded revenue of approximately HK$200 million for the year ended December 31, 2021, representing an increase of about 15.1% compared to the previous year[36]. - Gross profit for the year was approximately HK$25.3 million, slightly down from HK$25.6 million in the previous year[36]. - The B2B cross-border e-commerce business continued to make a significant contribution to revenue, with a total revenue of HK$86.3 million from this segment[37]. Business Segments and Opportunities - Approximately 5% of the Group's revenue came from sales of telephones and related products, while approximately 40.8% came from processing and trading of used computer-related components[19]. - The Group expects limited future development in sales of residential telephones and related products due to technological evolution and changing consumer behaviors[27]. - The Group will continue to seek potential investment and business opportunities to broaden its income stream and further develop existing business segments[28]. - The Group is optimistic about the B2B cross-border e-commerce business and plans to capture more market opportunities[35]. Financial Position and Liquidity - As of December 31, 2021, the Group had cash on hand of approximately HK$52.9 million and net current assets of approximately HK$258.4 million[40]. - The current ratio was reported at 4.70, down from 6.75 in the previous year, indicating a decrease in liquidity[40]. - The Group's money lending business had total outstanding loan receivables of HK$119 million, with an interest rate between 8-10%[40]. - The largest borrower accounted for approximately 23.2% of total loan receivables, while the five largest borrowers collectively accounted for about 65.3%[40]. Share Capital and Dividends - The Group's authorised share capital was HK$600 million, divided into 100 billion shares at HK$0.006 each, with no changes during the year[47]. - The issued share capital increased to HK$8.96 million, following the issuance of 580 million new shares in August 2021[47]. - The Board does not recommend the payment of a final dividend for the year ended December 31, 2021, consistent with the previous year[69]. Corporate Governance - The company emphasized its commitment to corporate governance, adhering to the principles set out in the Corporate Governance Code throughout 2021[87]. - The board composition includes two executive directors and three independent non-executive directors, ensuring a balanced governance structure[90]. - The company follows a formal and transparent procedure for the appointment of new directors, with newly appointed directors holding office until the next general meeting[95]. - The roles of chairman and chief executive are separated, with daily operations delegated to executive directors and various committees, as the board deems it unnecessary to appoint a chairman or chief executive[95]. - The Audit Committee consists of three independent non-executive directors, ensuring a strong governance structure[115]. Risk Management and Internal Control - The Board maintains an effective risk management and internal control system to ensure operational efficiency and compliance with laws[134]. - The Group does not have an internal audit department; instead, the Board, supported by the Audit Committee, directly oversees risk management and internal control systems[144]. - The Group's risk management and internal control systems provide reasonable but not absolute assurance against material misstatement or loss[146]. - Each division is tasked with identifying and assessing principal risks quarterly and establishing mitigation plans[140]. Environmental, Social, and Governance (ESG) Initiatives - The Group's total greenhouse gas emissions in 2021 were 8.5 tonnes of CO2-equivalent, a significant decrease from 25 tonnes in 2020, indicating a reduction of 66%[182]. - The primary source of greenhouse gas emissions is "energy indirect" emissions from purchased electricity, which accounted for the majority of emissions[182]. - The Group has implemented energy-saving measures, including the installation of energy-efficient lighting systems and optimal temperature settings for air-conditioning[182]. - The Group prioritizes procurement from environmentally-friendly suppliers, particularly those using paper certified by the Programme for the Endorsement of Forest Certification (PEFC)[184]. - No cases of non-compliance with environmental protection laws and regulations were reported during the year, indicating strong adherence to environmental standards[182].

Financial Performance - Revenue for the six months ended June 30, 2021, increased to HK$101,074,000, representing a 10.1% growth compared to HK$91,611,000 in 2020[4] - Gross profit for the same period rose to HK$14,213,000, up from HK$12,717,000, indicating a gross margin improvement[4] - Loss for the period attributable to the owners of the Company was HK$946,000, a significant reduction from a loss of HK$12,771,000 in the previous year[4] - The company reported a loss per share of HK$0.10 for the period, compared to a loss per share of HK$1.68 in the previous year[4] - The Group's unaudited consolidated loss for the period was approximately HK$0.9 million, a significant decrease from approximately HK$12.8 million in the same period of 2020, primarily due to an unrealized gain on financial assets of approximately HK$9.0 million[80] - The company reported a loss before tax of HK$13,004,000 for the six months ended June 30, 2021, compared to a loss of HK$305,000 in the same period of 2020[30] Revenue Segmentation - Total revenue for the six months ended June 30, 2021, was HK$101,074,000, with the cross-border e-commerce segment contributing HK$55,789,000, which is a significant portion of the total revenue[23] - The telephones and related equipment segment generated revenue of HK$4,620,000, while the used computer-related components segment contributed HK$29,654,000[23] - Interest income from the money lending business amounted to HK$10,222,000, showcasing a stable income stream from this segment[23] - Approximately 55.2% of the Group's total revenue was contributed by B2B cross-border e-commerce and payment business[79] - Revenue from the processing and trading of used computer-related components accounted for approximately 29.3% of total revenue[79] Assets and Liabilities - Trade and other receivables increased to HK$60,027,000, compared to HK$40,919,000 at the end of 2020, reflecting a 46.8% rise[5] - Loan receivables grew to HK$175,166,000, up from HK$168,595,000, showing a 3.4% increase[5] - Financial assets at fair value through profit or loss (FVTPL) increased to HK$73,427,000 from HK$61,050,000, marking a 20.3% growth[5] - Current liabilities rose to HK$77,255,000, compared to HK$44,121,000 at the end of 2020, indicating a 75.2% increase[5] - Total segment assets increased to HK$337,119,000 as of June 30, 2021, from HK$299,153,000 at the end of 2020, marking a growth of 13%[30] - Total segment liabilities rose to HK$80,214,000 as of June 30, 2021, compared to HK$44,121,000 at the end of 2020, indicating a 82% increase[34] Cash Flow - Net cash used in operating activities for the six months ended June 30, 2021, was HK$7,337,000, compared to HK$4,953,000 in the same period of 2020, indicating an increase of approximately 48%[10] - Net cash used in investing activities was HK$2,314,000 for the first half of 2021, while there were no cash outflows recorded in the same period of 2020[10] - Net cash used in financing activities decreased to HK$565,000 in 2021 from HK$1,290,000 in 2020, reflecting a reduction of approximately 56%[10] - The total cash and cash equivalents at the end of the period were HK$11,399,000, down from HK$23,930,000 in 2020, representing a decrease of about 52%[10] Corporate Governance - The Company emphasizes high standards of corporate governance practices[125] - The Company has adopted the Model Code regarding directors' securities transactions and all Directors have complied with the required standards throughout the six months ended June 30, 2021[133] - The Company has complied with the principles set out in the Corporate Governance Code, with noted deviations addressed by the Board[134] - The Company has maintained a balanced understanding of shareholder views through its governance practices, despite some directors' absence at meetings[136] Future Plans and Opportunities - The Group plans to develop a virtual asset trading platform to capitalize on the growing market for digital assets, aiming to enhance its financial services income stream[82] - The Group will continue to seek potential investment and business opportunities to broaden its income sources and further develop existing business segments[83] - The Group remains optimistic about the cross-border e-commerce business and plans to capture more market opportunities as they arise[90]

Financial Performance - For the year ended December 31, 2020, the Group's revenue was approximately HK$173.7 million, representing a decrease of approximately 14.2% compared to HK$202.5 million in 2019[6]. - Gross profit for the year was approximately HK$25.6 million, a slight increase of approximately 0.9% from HK$25.4 million in 2019[6]. - The net loss for the year was approximately HK$70.1 million, primarily due to an expected credit loss provision of approximately HK$88.0 million recognized during 2020[6]. - The B2B cross-border e-commerce segment's revenue increased by approximately 23.9% from approximately HK$65.9 million to approximately HK$81.7 million compared to 2019[6]. - For the year ended December 31, 2020, the Group's total revenue was approximately HK$81.7 million, with a gross profit of HK$1.8 million[17]. - The Group reported a net loss of approximately HK$67.3 million for the year ended December 31, 2020[17]. Financial Position - As of December 31, 2020, the Group had cash on hand of approximately HK$21.6 million and net current assets of approximately HK$253.8 million[20]. - The Group's current ratio improved to 6.75 in 2020 from 6.55 in 2019, indicating strong liquidity[20]. - The total market value of financial assets at fair value through profit or loss was approximately HK$61.1 million as of December 31, 2020, up from HK$39.9 million in 2019[30]. - The Group recognized an unrealized gain of approximately HK$10.6 million on financial assets at fair value through profit or loss for the year ended December 31, 2020[31]. - The gearing ratio was reported at 0.014 as of December 31, 2020, indicating low leverage[20]. Business Strategy - The Group plans to continue deploying more resources to the e-commerce business due to the limited future development expected in the sales of residential telephones and related products[8]. - The Group will seek potential investment and business opportunities to broaden its income stream and further develop existing business segments[8]. - The Group's strategy will be repositioned towards more optimistic business segments in response to the unpredictable business environment[8]. Corporate Governance - The company emphasizes high standards of corporate governance, focusing on a quality Board and sound internal controls[49]. - The company has a board composition that meets the requirement of having at least three INEDs, representing one-third of the total board members[55]. - The roles of chairman and chief executive are not performed by the same individual, aligning with the CG Code[66]. - Continuous professional development is mandated for all directors to ensure their contributions remain informed and relevant[58]. - The company follows a formal and transparent procedure for the appointment of new directors, with re-election occurring at the next general meeting[60]. - The company conducts periodic reviews of its corporate governance practices to ensure compliance with the CG Code[52]. - The Board concluded that the Group's risk management and internal control systems were in place and effective[125]. Risk Management - The Group's risk management framework is designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[125]. - Each division is tasked with identifying and assessing principal risks quarterly and establishing mitigation plans[117]. - The Group does not have an internal audit department; the Board, supported by the Audit Committee, directly oversees risk management and internal control systems[121]. - The external auditors' remuneration for audit services during the financial year 2020 was HK$600,000[126]. Environmental Impact - In 2020, the total amount of electricity consumed was 38.4 MWh, an increase from 17 MWh in 2019, with an energy consumption intensity of 0.008 MWh per square foot[151]. - The total amount of water use in 2020 was 17.4 cubic meters, with a water consumption intensity of 0.003 cubic meters per square foot of floor area[154]. - The Group's total GHG emissions in 2020 was 25.0 tonnes of CO2-equivalent, up from 13.7 tonnes in 2019, with the GHG intensity for the year being 0.005 tonnes of CO2-equivalent per square foot[164][167]. - The Group has implemented energy-saving measures, including the installation of an energy-efficient lighting system and encouraging the use of electric fans[151]. - The Group prioritizes the efficient use of water and will continue to monitor water consumption for improvements[155]. Employee Relations - The Group employed a total of 11 employees as of December 31, 2020, down from 18 in 2019[181]. - The employee turnover rate was 11% for males and 0% for females[190]. - The Group has implemented various occupational health and safety measures, with no non-compliance cases noted during the year[197]. - The Group's remuneration policies are based on employee performance and market conditions, with regular reviews to ensure competitiveness[179]. - The Group provides professional development opportunities and a healthy working environment to attract and retain qualified employees[176]. Shareholder Engagement - The Company maintains an ongoing dialogue with shareholders, encouraging participation in annual general meetings with at least 20 clear business days' notice[131]. - Shareholders have the right to propose separate resolutions on substantial issues at meetings, with all resolutions voted by poll[140]. - Special general meetings can be convened by shareholders holding not less than one-tenth of the paid-up capital[141]. - The Company maintains a website with extensive information on business developments, financial information, and updates[131].

Financial Performance - Revenue for the six months ended June 30, 2020, was HK$91,611,000, a decrease of 2.7% from HK$93,878,000 in 2019[4] - Gross profit for the period was HK$12,717,000, compared to HK$11,777,000 in 2019, reflecting an increase of 8%[4] - Loss for the period attributable to the owners of the Company was HK$12,771,000, a significant improvement from a loss of HK$24,224,000 in 2019[4] - For the six months ended June 30, 2020, the company reported a total comprehensive loss of HK$246,217,000, compared to a loss of HK$214,904,000 for the same period in 2019, representing an increase in loss of approximately 14.6%[8] - Loss per share for the period was HK$1.68, an improvement from HK$3.18 in the same period of 2019[4] - The Group recorded an unaudited consolidated loss of approximately HK$12.8 million, primarily due to an unrealized loss on financial assets of approximately HK$4.9 million and expected credit losses of approximately HK$9.8 million[77] Assets and Liabilities - Total assets less current liabilities decreased to HK$298,673,000 from HK$309,407,000 as of December 31, 2019[5] - Net current assets were HK$297,425,000, down from HK$308,144,000 at the end of 2019[5] - Trade and other receivables decreased to HK$35,179,000 from HK$47,662,000 in 2019, indicating a reduction of 26.3%[5] - Cash and bank balances totaled HK$343,525,000, down from HK$363,638,000 at the end of 2019[5] - Total segment assets decreased to HK$297,676,000 as of June 30, 2020, down from HK$310,550,000 at the end of 2019[29] - Total segment liabilities were HK$39,440,000, a decrease from HK$48,717,000 at the end of 2019[29] Cash Flow - Net cash used in operating activities for the first half of 2020 was HK$4,953,000, an improvement from HK$16,019,000 in the same period of 2019, indicating a reduction in cash outflow by approximately 69.0%[10] - Cash and cash equivalents at the end of the period were HK$23,930,000, down from HK$51,679,000 at the end of June 2019, reflecting a decrease of approximately 53.7%[10] - The net decrease in cash and cash equivalents for the first half of 2020 was HK$6,243,000, an improvement from HK$14,804,000 in the same period of 2019, showing a reduction of approximately 57.9%[10] - The company reported a net cash outflow from financing activities of HK$1,290,000 in the first half of 2020, compared to a cash inflow of HK$1,213,000 in the same period of 2019[10] Segment Performance - Segment profit from money lending was HK$7,838,000, while other segments reported losses, leading to a total segment profit of HK$5,940,000[26] - Revenue from the design and sales of telephone and related products decreased by approximately HK$9.7 million or approximately 26.8% compared to the previous year[79] - The processing and trading of used computer-related components segment expanded by approximately 62.3%, increasing from approximately HK$11.0 million to approximately HK$17.8 million compared to the same period in 2019[84] - The cross-border B2B e-commerce services continued to contribute significantly to revenue, with a revenue of HK$37,107,000 for the period[88] - The revenue from the used computer-related components segment increased by approximately 62.3% to about HK$17,800,000 compared to approximately HK$11,000,000 in the same period of 2019[89] Share Capital and Options - The authorized share capital of the Company was HK$600,000,000, divided into 100,000,000,000 shares of HK$0.006 each[100] - A total of 76,070,000 share options were granted to directors and employees during the review period under the share option scheme[1] - The percentage of shareholding for directors as of June 30, 2020, was calculated based on the issued share capital of 760,786,566 shares[1] - The weighted average exercise price of share options was HK$0.5344[116] - The total number of outstanding share options as of June 30, 2020, was 1,902,000 that have vested[115] Corporate Governance - The Company emphasizes high standards of corporate governance, focusing on transparency and accountability to shareholders[4] - The roles of chairman and chief executive officer are not separated, which is a deviation from the CG Code, but the Board believes this practice is appropriate given the business nature[4] - The Company has adopted the Model Code for directors' securities transactions and confirmed compliance during the reporting period[126] - The Company has not engaged any non-executive directors on a specific term, deviating from Code Provision A.4.1 of the CG Code[124] Future Outlook - The Group plans to evaluate different business segments and reposition its strategy in more optimistic areas due to the unpredictable business environment[84] - The Group will continue to seek potential investment and business opportunities to broaden its income stream and further develop existing business segments[85] - The management team continuously assesses foreign currency exposure to minimize the impact of foreign exchange fluctuations on the Group's operations[97]

Financial Performance - For the year ended December 31, 2019, the Group's revenue was approximately HK$202.5 million, a decrease of approximately 9.5% compared to HK$223.7 million in 2018[20] - Gross profit for the year was approximately HK$25.4 million, representing an increase of approximately 12.2% from HK$22.6 million in 2018[22] - The Group's net loss for the year was approximately HK$42.8 million, primarily due to an unrealized loss on financial assets of approximately HK$14.8 million and share option expenses of approximately HK$17.0 million[22] - Revenue from the telecommunications and related components segment was HK$78.3 million, with a gross profit of HK$3.0 million, resulting in a net loss of HK$1.2 million[40] - The Group recorded revenue of approximately HK$202.5 million for the year ended December 31, 2019, a decrease of about 9.5% compared to the previous year[39] Business Segments - Approximately 38.7% of the Group's revenue came from sales of telephone and related products, while 32.6% was contributed by B2B cross-border e-commerce business[20] - The processing and trading of used computer-related components and the financial arm, including securities brokerage and money lending, also contributed to the Group's revenue[38] - The Group is engaged in scaffolding, fitting out services, money lending, securities brokerage, and asset management[50] - The Group's operations include securities brokerage, underwriting, and money lending services in Hong Kong[1] Strategic Plans - The Group plans to deploy more resources into the cross-border e-commerce segment to capture market opportunities as they arise[24] - The Group will continue to seek potential investment and business opportunities to broaden its income stream and develop existing business segments[30] - The Group continues to focus on cross-border e-commerce and plans to allocate more resources to capture market opportunities[39] Financial Position - As of December 31, 2019, the gross amount of the loan portfolio held by the Group was approximately HK$250.6 million, with interest income from money lending business at approximately HK$19.7 million for the year[23] - The Group had cash and bank balances of approximately HK$30.2 million and net current assets of approximately HK$308.1 million as of December 31, 2019[43] - The current ratio improved to 6.55 in 2019 from 4.50 in 2018, indicating better liquidity[43] - Total market value of financial assets at fair value through profit or loss was approximately HK$39.9 million as of December 31, 2019, down from HK$55.3 million in 2018[46] - The Group's issued and fully paid share capital was approximately HK$4.56 million, divided into 15,215,731,320 shares as of December 31, 2019[43] - The Group's gearing ratio was 0.009 in 2019, indicating low financial leverage[43] Corporate Governance - The Company emphasizes corporate governance and presents its annual financial statements for the year ended 31 December 2019[71] - The Board consists of 2 executive directors and 3 independent non-executive directors, meeting the requirement of having at least three INEDs as per the Listing Rules[76] - The Company follows a formal procedure for the appointment of new directors, with all newly appointed directors subject to re-election at the next general meeting[81] - The Company conducts periodic reviews of its corporate governance practices to ensure compliance with the Corporate Governance Code[74] - Each independent non-executive director has confirmed their independence annually, in line with the Listing Rules[76] Risk Management - The Board maintains effective risk management and internal control systems, covering financial, operational, and compliance controls[127] - The Group has established a risk management policy to identify, evaluate, and manage principal risks affecting the business[132] - The risk management framework is designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[140] - The Group does not have an internal audit department, with the Board directly responsible for risk management and internal control systems[135] Environmental Responsibility - The Group committed to high standards of corporate social responsibility and compliance with relevant laws and regulations during the year[1] - The Group aims to minimize negative environmental impacts by optimizing resource use and promoting environmental stewardship among clients and partners[172] - The Group's sustainability vision integrates economic, social, and environmental well-being into business decision-making[2] - The Group emitted 13,664 kg of carbon dioxide equivalent greenhouse gases in 2019, a decrease of 3% from 14,106 kg in 2018[182] - The Group has implemented a series of air pollution emission measures to improve indoor air quality, including ensuring air inlets are away from pollutants and performing regular maintenance on air units[195] Shareholder Relations - The Company promotes investor relations and enhances communication with existing shareholders and potential investors[157] - Shareholders have the right to propose separate resolutions on substantial issues at shareholders' meetings[157] - All resolutions at shareholders' meetings are voted by poll, with results posted on the SEHK website[157] - The Company encourages shareholders to send written enquiries regarding their rights to the principal office in Hong Kong[162]

Financial Performance - Revenue for the six months ended June 30, 2019, was HK$93,878,000, a decrease of 24.2% compared to HK$123,824,000 in 2018[3] - Gross profit for the period was HK$11,777,000, slightly down from HK$11,927,000 in the previous period[2] - Loss before tax for the period was HK$23,718,000, compared to a profit of HK$6,670,000 in the same period last year[2] - Loss for the period amounted to HK$24,224,000, a significant decline from a profit of HK$6,065,000 in 2018[2] - Total comprehensive expense for the period was HK$24,280,000, compared to a total comprehensive income of HK$6,026,000 in the previous year[2] - Basic and diluted loss per share was HK$0.16, compared to earnings of HK$0.04 per share in the prior period[2] Assets and Liabilities - Current assets decreased to HK$390,903,000 from HK$435,057,000 at the end of 2018[6] - Trade and other receivables decreased to HK$44,914,000 from HK$54,868,000 in the previous period[6] - Net assets as of June 30, 2019, were HK$332,349,000, down from HK$339,719,000 at the end of 2018[6] - The company recognized lease liabilities of HK$2,197,000 as part of its non-current liabilities[6] - Total segment assets as of June 30, 2019, amounted to HK$364,615,000, a decrease from HK$394,202,000 as of December 31, 2018[34] - Total segment liabilities were HK$55,657,000 as of June 30, 2019, down from HK$93,004,000 at the end of 2018[37] Cash Flow - Net cash used in operating activities decreased to HK$16,019,000 in 2019 from HK$25,531,000 in 2018, representing a reduction of approximately 37.5%[10] - Net cash generated from financing activities was HK$1,213,000 in 2019, down from HK$3,447,000 in 2018, indicating a decline of about 64.8%[10] - Cash and cash equivalents at the end of the period were HK$51,679,000, a decrease from HK$63,412,000 in 2018, reflecting a decline of approximately 18.6%[10] - The net decrease in cash and cash equivalents for the period was HK$14,804,000, compared to a decrease of HK$22,082,000 in 2018, indicating an improvement of about 32.9%[10] Segment Performance - For the six months ended June 30, 2019, total revenue was HK$93,878,000, with external sales from telephones and related equipment contributing HK$35,972,000[25] - The money lending segment generated an interest income of HK$9,349,000, while the securities brokerage segment reported a loss of HK$1,210,000[25] - Approximately 38.3% of the Group's revenue was derived from sales of telephone and related products, while 39.9% was contributed by B2B cross-border e-commerce business[75] Accounting Policies and Standards - The Group adopted HKFRS 16 from January 1, 2019, recognizing lease liabilities measured at the present value of remaining lease payments[16] - The Group has not early adopted new or amended HKFRSs that are not yet effective, including HKFRS 17 on Insurance Contracts, effective from January 1, 2021[19] - The cumulative effect of the initial application of HKFRS 16 was recognized without restating comparative information, impacting the opening balance sheet on January 1, 2019[18] Shareholder Information - The percentage shareholding is calculated based on the Company's issued share capital of 15,215,731,320 as of June 30, 2019[110] - The number of share options exercisable under the Share Option Scheme was 1,746,916,000 shares, representing approximately 11.48% of the issued shares[118] - No dividends were paid or proposed during the six months ended June 30, 2019, and 2018[55] Corporate Governance - The company is committed to high standards of corporate governance practices and procedures[125] - All directors, including non-executive directors, are subject to retirement by rotation at least once every three years[128] - The company has complied with the Model Code for securities transactions by directors throughout the six months ended June 30, 2019[130]

Financial Performance - For the year ended December 31, 2018, the Group's revenue was approximately HK$223.7 million, a decrease of approximately 36.1% compared to HK$350.0 million in 2017[7] - Gross profit for the year was approximately HK$22.6 million, representing a decrease of approximately 28.8% from HK$31.8 million in 2017[11] - The Group's net loss for the year was approximately HK$24.8 million, primarily due to an unrealized loss on financial assets of approximately HK$28.4 million[11] - The Group recorded a revenue of approximately HK$223.7 million, representing a decrease of approximately 36.1% compared to the previous year[22] - The gross profit for the year was approximately HK$22.6 million, down from approximately HK$31.8 million in the previous year[22] Revenue Sources - Approximately 41.7% of the Group's revenue came from sales of telephone and related products, while 35.4% was contributed by B2B cross-border e-commerce and payment business[7] - The Group's financial arm, including securities brokerage and money lending, contributed to the revenue, with specific revenue figures for each segment detailed in the report[22] Business Strategy - The Group plans to allocate more resources to the cross-border e-commerce and payment segment to capture market opportunities[13] - The Group will continue to seek potential investment and business opportunities to broaden its income streams[14] Financial Position - As at 31 December 2018, the Group had cash on hand of approximately HK$66.5 million and net current assets of approximately HK$338.2 million[25] - The total market value for financial assets at fair value through profit or loss was approximately HK$55.3 million as at 31 December 2018, down from approximately HK$68.7 million in 2017[36] - The Group's current ratio decreased to 4.50 in 2018 from 7.79 in 2017, indicating a decline in liquidity[25] Corporate Governance - The company emphasizes high standards of corporate governance, including transparency and accountability to shareholders[66] - The independent non-executive directors have confirmed their independence in accordance with Listing Rules[72] - The company is committed to ongoing reviews of its corporate governance practices to ensure compliance with the CG Code[68] - The board composition includes two executive directors and three independent non-executive directors, meeting the Listing Rules requirement[71] Risk Management - The Board maintains an effective risk management and internal control system to ensure operational efficiency and compliance with applicable laws and regulations[140] - The internal control system is designed to provide reasonable assurance on the effectiveness and efficiency of operations and reliability of financial reporting[140] - The Group's risk management policy outlines the process for identifying, evaluating, and managing principal risks affecting the business[150] Environmental Responsibility - The report covers the group's overall performance in environmental and social areas from January 1, 2018, to December 31, 2018[177] - The group is committed to sustainable development by integrating economic, social, and environmental well-being into business decision-making[177] - The Group emitted 14,106 kg of carbon dioxide equivalent greenhouse gases in 2018, an increase of 11% from 12,666 kg in 2017[195] - The Group has implemented energy-saving measures, including the installation of energy-saving lighting systems and optimizing air-conditioning settings[189] Shareholder Engagement - The company encourages shareholder proposals at general meetings and ensures separate resolutions for substantial issues[171] - Shareholders holding at least one-tenth of the paid-up capital can requisition a special general meeting[170] - The company maintains open communication with investors and welcomes suggestions from stakeholders[168]