Financial Performance - The group reported no revenue for the year ended June 30, 2018, consistent with the previous year [20]. - The net loss for the year was HKD 4,900,000, a decrease of approximately HKD 12,500,000 compared to the net loss of about HKD 17,400,000 for the year ended June 30, 2017 [20]. - The company reported a total comprehensive loss of -4,887 thousand HKD for the year, a decrease from -17,391 thousand HKD in the previous year, showing a trend towards reduced losses [99]. - The operating loss for the year was -4,887 thousand HKD, compared to -17,391 thousand HKD in the previous year, showing an improvement in operational efficiency [94]. - The basic and diluted loss per share for the year was -0.49 HKD, an improvement from -1.74 HKD in 2017, reflecting a reduction in losses [94]. - The company reported a loss before tax of HKD 4,887,000 for the year ended June 30, 2018, compared to a loss of HKD 17,391,000 for the previous year, indicating a significant improvement [189]. Financial Position - As of June 30, 2018, the group had cash and cash equivalents of approximately HKD 1,500,000, down from HKD 4,500,000 in 2017 [20]. - As of June 30, 2018, the group's total assets were approximately HKD 1,700,000, while total liabilities amounted to HKD 948,500,000, resulting in a net liability of approximately HKD 946,800,000 [27]. - The total liabilities as of June 30, 2018, amounted to HKD 923,850,000, which includes HKD 701,099,000 in convertible bonds [79]. - The company’s liabilities exceeded its assets, with a net liability of -946,835 thousand HKD, indicating a challenging financial position [96]. - The company had cash and cash equivalents of 1,510 thousand HKD at the end of the year, down from 4,530 thousand HKD in 2017, reflecting a decrease in available cash [101]. Corporate Governance - The company has lost control over its subsidiaries since January 1, 2014, and therefore ceased consolidating their financials [22]. - The company has been in liquidation since February 9, 2015, following a court order [12]. - There was only one independent non-executive director on the board as of June 30, 2018, failing to meet the requirement of having at least three [46]. - The company did not maintain an audit committee due to having only one independent non-executive director [47]. - The company has limited information available due to the liquidation process, affecting its ability to present the required environmental, social, and governance report [46]. Restructuring Efforts - The company is required to submit a viable resumption proposal to the Stock Exchange to address compliance issues [14]. - The restructuring proposal includes capital reorganization, subscription matters, and creditor plans [18]. - The company plans to acquire all issued shares of Yu Ming Investment Management Limited for HKD 400,000,000 as part of a restructuring effort [29]. - The company is in the process of submitting a resumption proposal and new listing application to the Stock Exchange [34]. - The company is currently facing multiple lawsuits and claims related to financial difficulties of its subsidiaries in China [118]. Debt and Liabilities - The group had bank and other borrowings of approximately HKD 69,600,000 as of June 30, 2018, compared to HKD 67,400,000 in 2017 [23]. - The company received a total of approximately HKD 1,678,000,000 in debt claims, with 43 claims remaining totaling approximately HKD 1,677,900,000 after settling two claims [31]. - The company issued eight batches of non-listed ordinary bonds totaling HKD 45,000,000, with a fixed interest rate of 6% to 7% per annum [23]. - The company has conditionally agreed to issue 512,698,586 new shares at HKD 0.52 per share to Ms. Zhuang, with expected net proceeds of approximately HKD 414.7 million [126]. - The cash proceeds of HKD 80 million from the subscription agreements will be used for the final settlement to creditors under a proposed creditor plan [128]. Compliance and Reporting - The independent auditor's report expressed a refusal to issue an opinion due to limitations in the audit scope and significant uncertainties regarding the company's ability to continue as a going concern [76]. - The company has not provided sufficient evidence regarding the existence and completeness of contingent liabilities as of June 30, 2018 [84]. - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not result in significant changes to its accounting policies or financial statements [134]. - The financial statements are prepared on a historical cost basis, with all amounts rounded to the nearest thousand, using HKD as the reporting currency [135]. - The group recognizes revenue based on the fair value of consideration received or receivable when it is probable that economic benefits will flow to the group and the amount of revenue can be measured reliably [153].

Financial Performance - The company reported a net loss of approximately HKD 17,400,000 for the year ended June 30, 2017, an increase of about HKD 16,800,000 compared to a net loss of approximately HKD 600,000 for the year ended June 30, 2016, primarily due to restructuring costs incurred during the year [22]. - For the year ended June 30, 2017, the company reported a total loss attributable to owners of the company of HKD 17,391,000, compared to a loss of HKD 621,000 in 2016, representing an increase of 2,699% [94]. - The basic and diluted loss per share for the year was HKD 1.74, compared to HKD 0.06 in the previous year, indicating a significant decline in shareholder value [94]. - The company reported a loss before tax of HKD 17,391,000 for the year ended June 30, 2017, compared to a loss of HKD 621,000 for the previous year, indicating a significant increase in losses [193]. - The company’s administrative expenses for the year were HKD (17,189,000), compared to HKD (622,000) in 2016, showing a significant increase in operational costs [94]. Financial Position - As of June 30, 2017, the company had cash and cash equivalents of approximately HKD 4,500,000, compared to HKD 1,100,000 as of June 30, 2016 [22]. - The company's current assets totaled HKD 4,545,000, a decrease from HKD 1,751,000 in 2016, reflecting a decline of 74% [97]. - The company's current liabilities increased to HKD 946,493,000 from HKD 926,308,000 in 2016, marking a rise of 2% [97]. - The total equity attributable to owners of the company decreased to HKD (941,948,000) from HKD (924,557,000) in 2016, reflecting a decline of 2% [99]. - The group’s financial liabilities totaled HKD 939,815,000 as of June 30, 2017, compared to HKD 919,630,000 in 2016 [187]. Restructuring and Liquidation - The company has been in liquidation since February 9, 2015, following a court order [12]. - The company is undergoing a proposed restructuring that includes capital reorganization, subscription matters, and a creditor plan, which requires creditor approval [18]. - The company has submitted a resumption proposal and new listing application to the stock exchange [34]. - The company has proposed a restructuring plan that includes acquiring all issued shares of Yuming Investment Management Limited for HKD 400,000,000 [30]. - The restructuring plan aims to improve the financial and liquidity position of the expanded group significantly [34]. Debt and Liabilities - The group's total liabilities as of June 30, 2017, amounted to HKD 946,500,000, up from approximately HKD 926,300,000 in 2016, reflecting a rise of about 2.5% [28]. - The net debt of the group was approximately HKD 941,900,000 as of June 30, 2017, compared to HKD 924,600,000 in 2016, showing an increase of around 1.9% [28]. - The company faces a total debt obligation of approximately RMB 955 million related to guarantees for loans signed by three domestic subsidiaries [111]. - The company has outstanding convertible bonds with an unpaid principal amount of HKD 609,000,000 and RMB 70,000,000, with an interest rate of 6% [23]. - The total liabilities as of June 30, 2017, amounted to HKD 923.85 million, including accrued expenses and other payables of HKD 27.62 million and convertible bonds of HKD 701.10 million [81]. Audit and Compliance - The independent auditor's report for the year ended June 30, 2017, was issued by Zhonghui Anda CPA Limited, which was appointed on February 22, 2017 [75]. - The auditor expressed a disclaimer of opinion due to limitations in the audit scope and significant uncertainties regarding the going concern basis [78]. - The company has not provided sufficient evidence to support the existence and completeness of contingent liabilities disclosed as of June 30, 2017 [84]. - The auditor could not verify the accuracy and completeness of the financial risk management disclosures and other related notes in the financial statements [87]. - The company has not provided adequate evidence regarding related party transactions and disclosures for the years ended June 30, 2017, and June 30, 2016 [85]. Share Capital and Equity - The company's current issued share capital is HKD 100.18 million, divided into 1,001,765,216 shares with a par value of HKD 0.10 each [122]. - A capital reduction will be executed, reducing the par value of each issued share from HKD 0.10 to HKD 0.01, with a total amount of HKD 90.16 million used to offset accumulated losses [123]. - Following the capital reduction, a share consolidation will occur, merging every 10 shares of HKD 0.01 into one new share of HKD 0.10 [124]. - The company's authorized share capital will increase from HKD 300 million to HKD 1 billion after the share consolidation [125]. - The company has entered into subscription agreements for the issuance of new shares at HKD 0.52 per share, totaling 512,698,586 shares to Ms. Zhuang and 227,250,000 shares to Mr. Li and Yu Ming employees [126]. Operational Challenges - The company has not generated any revenue since January 1, 2014, due to the loss of control over its subsidiaries [22]. - The company has been unable to contact or obtain relevant information from its subsidiaries' legal representatives, directors, and management [20]. - The company lost control over its subsidiaries, resulting in no book value for properties, plants, and equipment as of June 30, 2017 [54]. - The company has ceased consolidating the financial results of several subsidiaries since January 1, 2014, due to loss of control [133]. - The company has not provided sufficient evidence to support the existence and completeness of contingent liabilities disclosed as of June 30, 2017 [84].

Financial Performance - The group reported no revenue for the year ended June 30, 2016, consistent with the previous year, and a net loss of approximately HKD 600,000, a decrease from a net loss of approximately HKD 56,500,000 for the year ended June 30, 2015[22]. - The company reported a significant operating loss for the year ended June 30, 2015, amounting to HKD 51,365,000[82]. - The company reported a total loss attributable to shareholders of HKD 621,000 for the year ended June 30, 2016, compared to a loss of HKD 56,467,000 for the previous year, indicating a significant decline in performance[95]. - The basic and diluted loss per share for the year was HKD 0.06, a decrease from HKD 5.64 in the prior year, reflecting a substantial deterioration in earnings[95]. - The group reported a total loss before tax of HKD (621,000) for the year ended June 30, 2016, compared to a loss of HKD (56,467,000) in the previous year, indicating a significant reduction in losses[196]. Financial Position - As of June 30, 2016, the total assets of the group were approximately HKD 1,800,000, while total liabilities were HKD 926,300,000, indicating a slight increase in liabilities from HKD 925,000,000 in 2015[28]. - The net liabilities of the group were approximately HKD 924,600,000 as of June 30, 2016, compared to HKD 923,900,000 in 2015[28]. - The company’s total equity decreased to HKD (924,557,000) from HKD (923,936,000), reflecting ongoing financial challenges[98]. - The group had current assets of HKD 1,751,000, an increase from HKD 1,033,000 in the previous year, indicating growth in short-term financial health[98]. - The group’s financial liabilities totaled HKD 919,630,000 in 2016, slightly up from HKD 918,291,000 in 2015, indicating a marginal increase of 0.15%[190]. Cash Flow and Liquidity - As of June 30, 2016, the group had cash and cash equivalents of approximately HKD 1,100,000, compared to approximately HKD 300,000 in 2015[22]. - The company's cash and cash equivalents increased to HKD 1,058,000 from HKD 340,000 year-over-year, showing an improvement in liquidity[98]. - Operating cash flow for the year was HKD 718,000, a recovery from a cash outflow of HKD 7,241,000 in the previous year, indicating better operational efficiency[103]. Corporate Governance and Compliance - The company has lost control over its subsidiaries since January 1, 2014, and therefore ceased consolidating their financial results[22]. - The company has been in liquidation since February 9, 2015, following a court order[12]. - The company is required to submit a viable resumption proposal to the Stock Exchange to address compliance issues[14]. - The company has been placed in a delisting process by the Stock Exchange due to failure to maintain sufficient operational or asset levels[13]. - There was only one independent non-executive director on the board as of June 30, 2016, failing to meet the requirement of having at least three[45]. Restructuring and Future Plans - The restructuring proposal includes capital reorganization, subscription matters, creditor schemes, acquisition matters, and public offerings[18]. - The company proposed a restructuring plan to acquire all shares of Yuming Investment Management Limited to maintain sufficient business operations and asset levels for its listing status[34]. - The company plans to allocate HKD 80 million from the proceeds to settle claims from creditors under a proposed arrangement plan, pending court approval[129]. - The company is undergoing a restructuring plan that includes the acquisition of Yu Ming Investment Management Limited for a total consideration of HKD 400,000,000[122]. Audit and Financial Reporting - The financial data for the year was audited by Zhonghui Anda CPA Limited[47]. - The independent auditor's report for the year ended June 30, 2016, was issued by Zhonghui Anda CPA Limited[74]. - The company has not provided adequate evidence regarding related party transactions and disclosures for the years ended June 30, 2016, and 2015[86]. - The independent auditor was unable to obtain sufficient audit evidence to express an opinion on the financial statements due to limitations in the audit scope[78]. Claims and Legal Matters - The total amount of claims received by the liquidator was approximately HKD 1,678,000,000, with 43 claims remaining totaling approximately HKD 1,677,900,000[30]. - The company received a claim for approximately RMB 63,729,000 related to unpaid principal and interest from three domestic subsidiaries[108]. - A claim was made for a total of approximately RMB 955,000,000 under a counter-guarantee agreement involving Mr. Guo and Fujian Super Group[111]. - The company faced a liquidation petition for a claim of approximately RMB 82,670,000 submitted by Concept Capital Management to the Hong Kong High Court[112]. - The company is involved in litigation concerning trade financing debts totaling approximately RMB 60,000,000 owed by a domestic subsidiary to two domestic banks[112]. Financial Risks - The group faces various financial risks, including foreign currency risk, credit risk, liquidity risk, and interest rate risk[178]. - The maximum credit risk related to financial assets is represented by the carrying amounts of cash and bank balances, as well as other receivables[180]. - The group does not have a foreign exchange hedging policy in place, as most transactions, assets, and liabilities are denominated in the functional currency[179]. Accounting Policies - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2015, with no significant impact on its accounting policies or financial statements[135]. - The group’s financial statements are prepared on a going concern basis, contingent on the successful restructuring of the group[175]. - The accounting policies of subsidiaries are adjusted as necessary to ensure consistency with the policies adopted by the group[141].

Financial Performance - The company reported no revenue for the year ending June 30, 2015, compared to HKD 2,617,000,000 for the year ending June 30, 2014[21]. - The net loss for the year ending June 30, 2015, was approximately HKD 56,500,000, a decrease of about HKD 2,407,300,000 compared to the net loss of approximately HKD 2,463,800,000 for the year ending June 30, 2014[21]. - The company reported a total loss of HKD 51,365,000 for the year ended June 30, 2015, compared to a loss of HKD 2,437,499,000 for the previous year, indicating a significant reduction in losses[81]. - The company incurred a loss before tax of HKD 56,467,000, compared to a loss of HKD 2,464,746,000 in the previous year, indicating a substantial improvement[96]. - The net loss for the year was HKD 56,467,000, a reduction from HKD 2,463,805,000 in 2014, reflecting a positive trend in financial performance[96]. - The company reported a total comprehensive loss of HKD 56,467,000 for the year, down from HKD 2,740,173,000 in 2014, indicating improved overall performance[96]. Liquidity and Financial Position - As of June 30, 2015, the company had cash and cash equivalents of approximately HKD 300,000, down from approximately HKD 3,600,000 as of June 30, 2014[21]. - The current ratio (current assets to current liabilities) was approximately 0.1% as of June 30, 2015, compared to 0.6% as of June 30, 2014[21]. - The company's total liabilities as of June 30, 2015, amounted to HKD 922,511,000, compared to HKD 871,816,000 as of June 30, 2014, reflecting an increase in financial obligations[84]. - The total equity attributable to the owners of the company was reported at HKD (923,936,000), a decline from HKD (867,469,000) in the previous year, highlighting ongoing financial distress[99]. - The company's cash and cash equivalents decreased to HKD 340,000 from HKD 3,636,000 in 2014, indicating liquidity challenges[99]. Restructuring and Liquidation - The company has been placed into liquidation since February 9, 2015, following a court order[12]. - The company is undergoing a proposed restructuring that includes capital reorganization and creditor plans, subject to court approval[16]. - The company proposed a restructuring plan to acquire all shares of Yuming Investment Management Limited to maintain sufficient business operations and asset levels for its listing status[34]. - The company was placed under delisting procedures by the Stock Exchange on February 17, 2015, due to insufficient operational or asset levels[123]. - The company must submit a viable resumption proposal to address unresolved issues, including proving sufficient business or asset value[124]. Shareholder and Capital Structure - Major shareholders included Concept Capital Management Limited with 953,924,891 shares, representing approximately 95.22% of the issued share capital[61]. - The capital structure included 1,001,765,216 issued ordinary shares and convertible bonds with a total principal amount of HKD 609,000,000 convertible at HKD 1.00 per share[27]. - The group issued non-listed ordinary bonds totaling HKD 45,000,000 to eight independent investors, with fixed annual interest rates ranging from 6% to 7%[22]. - The group had outstanding convertible bonds with a total principal amount of HKD 609,000,000 due in November 2015, and RMB 70,000,000 due in January 2016[22]. Audit and Financial Reporting - The financial statements for the year ended June 30, 2015, were audited by Zhonghui Anda CPA Limited[73]. - The auditor was unable to obtain sufficient audit evidence regarding the accuracy and completeness of the financial statements for the years ended June 30, 2015, and June 30, 2014, leading to a refusal to express an opinion[76]. - The company has not provided sufficient evidence to support the existence and completeness of contingent liabilities as of June 30, 2015, and June 30, 2014[86]. - The financial statements are prepared based on the assumption that the company will successfully complete its proposed restructuring[139]. Operational Challenges - The company has lost control over its subsidiaries, leading to the termination of consolidated accounts from January 1, 2014[20]. - The company has not been able to contact or obtain relevant information from its subsidiaries' management since the appointment of the liquidators[18]. - The company’s financial position remains uncertain, with significant ongoing operational challenges and a need for strategic restructuring[96]. Employee and Compensation - The total salary and other compensation for the group amounted to approximately HKD 3,488,000, with an average of about 10 employees[29]. - The company has established a mandatory provident fund retirement benefit plan for eligible employees, with contributions made based on a percentage of employees' basic salaries[165]. Financial Risks - The group faces multiple financial risks, including foreign currency risk, credit risk, liquidity risk, and interest rate risk, with a focus on minimizing adverse impacts on financial performance[190]. - Liquidity risk arises from the group's inability to meet its short-term financial obligations as they fall due[200]. - The group has not established a foreign exchange hedging policy, but it closely monitors foreign exchange risks and considers hedging significant risks when necessary[191].

Financial Performance - The group's consolidated revenue for the year ended June 30, 2014, was approximately HKD 2,617,000,000, a significant decrease from HKD 4,811,000,000 for the year ended June 30, 2013, representing a decline of about 45%[21] - The net loss for the group for the year ended June 30, 2014, was approximately HKD 2,463,800,000, compared to a profit of approximately HKD 155,300,000 for the year ended June 30, 2013, indicating a substantial change in financial performance[21] - The total revenue for the year ended June 30, 2014, was HKD 2,530,664,000, with a cost of sales of HKD 2,406,416,000, resulting in a gross profit of HKD 124,248,000[84] - The operating loss for the year was HKD 2,314,456,000, compared to an operating profit of HKD 280,234,000 for the previous year[84] - The total comprehensive loss for the year amounted to HKD 2,713,867,000, compared to a comprehensive income of HKD 240,498,000 in the previous year[84] - The company reported a significant impairment loss on trade receivables amounting to HKD 2,037,569,000 for the year ended June 30, 2014[84] - The company reported a total loss before tax of HKD (2,464,746) thousand for the year ended June 30, 2014, compared to a profit of HKD 145,021 thousand in 2013[109] - The company reported a loss attributable to owners of approximately HKD 2,464,177,000 for the year ended June 30, 2014[145] Financial Position - As of June 30, 2014, the group had cash and cash equivalents of approximately HKD 3,600,000, a significant decrease from HKD 98,000,000 in 2013[22] - The current ratio as of June 30, 2014, was approximately 0.6%, down from 136% in 2013[22] - Total assets as of June 30, 2014, were approximately HKD 4,900,000, compared to HKD 5,676,500,000 in 2013, indicating a substantial decline[28] - Total liabilities as of June 30, 2014, amounted to HKD 872,400,000, down from HKD 3,769,100,000 in 2013[28] - The group reported a net debt of approximately HKD 867,500,000 as of June 30, 2014, compared to a net asset value of approximately HKD 1,907,400,000 in 2013[28] - The company had a total current liability of HKD 871,816,000 as of June 30, 2014, compared to HKD 3,169,505,000 in the previous year[86] - The total equity attributable to owners of the company was reported at HKD (867,469) thousand, a decline from HKD 1,907,397 thousand in 2013[107] Liquidation and Restructuring - The company has been placed into liquidation as of February 9, 2015, following a court order, and has appointed joint liquidators[13] - The company is undergoing a proposed restructuring plan that includes capital restructuring, subscription matters, and a creditor scheme, which requires creditor approval[17] - The company’s restructuring plan is contingent upon the approval of the creditors and the relevant court[17] - The company has submitted a restructuring proposal to the Hong Kong Stock Exchange, indicating ongoing efforts to address financial challenges[95] - The company plans to acquire Yu Ming Investment Management Limited for a total consideration of HKD 400 million, which will become a wholly-owned subsidiary upon completion[131] - The company is undergoing a restructuring plan that includes a creditor arrangement subject to court approval, which will involve transferring certain claims and assets to a new company[138] Shareholder Information - Major shareholder Concept Capital Management Limited holds approximately 45.42% of the issued share capital, while another significant shareholder, Xue Zhixin, holds about 22.56%[66] - The company has not granted any share options under the new share option plan adopted on June 19, 2013, for the years ended June 30, 2014, and 2013[70] Trading and Market Status - The company’s shares have been suspended from trading on the Hong Kong Stock Exchange since September 18, 2014, due to its financial difficulties[14] - The company was placed under delisting procedures by the Stock Exchange on February 17, 2015, due to insufficient operational or asset levels as per Listing Rule 13.24[126] Legal and Compliance Issues - The company has faced multiple lawsuits in China, which are critical to its ability to continue as a going concern[127] - The independent auditor's report indicated a lack of sufficient audit evidence to support the financial statements for the year ended June 30, 2014[79] - The company has only one independent non-executive director following the liquidation process, which does not comply with listing rules regarding audit committee maintenance[48] Cash Flow and Investments - The company reported a net cash outflow of HKD 132,340,000 for the year, compared to a net outflow of HKD 125,863,000 in the previous year[112] - Cash flow from investing activities was a net outflow of HKD 76,412,000, a significant decrease from a net inflow of HKD 146,765,000 in the previous year[112] - The company recorded a decrease in inventory to HKD 0 thousand from HKD 87,210 thousand in 2013[104] Accounting Policies - The financial statements were prepared on a going concern basis, contingent on the successful completion of a proposed restructuring[145] - The company adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2013, with no significant impact on its accounting policies or financial statements[146] - The company recognizes revenue based on the fair value of consideration received or receivable, confirmed upon delivery of goods or when services are consumed[179]