Financial Performance - For the fiscal year ending March 31, 2024, the company reported an annual loss of approximately HKD 9,358,000, a decrease of about HKD 814,000 compared to the loss of HKD 10,172,000 in the previous year[6]. - Net investment income for the year was approximately HKD 32,000, down from HKD 48,000 in the previous year, primarily due to fair value changes in financial assets[6]. - General and administrative expenses for the year were approximately HKD 9,419,000, a reduction of about HKD 913,000 from the previous year, mainly due to a decrease in investment management fees[6]. - As of March 31, 2024, the company's cash and bank balances were approximately HKD 18,057,000, down from HKD 21,566,000 in 2023[21]. - The company's debt-to-asset ratio increased to approximately 0.2 as of March 31, 2024, compared to 0.1 in 2023[21]. - The 2022 rights issue raised approximately HKD 43.8 million, with a net amount of about HKD 41.7 million after expenses[24]. - As of March 31, 2024, the unused net proceeds from the 2022 rights issue amounted to approximately HKD 17.2 million[26]. - The company has no distributable reserves as of March 31, 2024, according to Bermuda company law[132]. Economic Environment - The Hang Seng Index fell approximately 3.0% in the first quarter of 2024, reaching a low closing point of 14,961 on January 22, 2024[9]. - Hong Kong's economy showed a year-on-year growth of 2.7% in the first quarter of 2024, despite a weak global financial environment[9]. - Financial services exports declined by 1.1% in the first quarter of 2024, while private consumption expenditure fell by 0.9% on a seasonally adjusted basis[9]. Corporate Governance - The company has complied with the corporate governance code as outlined in the listing rules, enhancing transparency and accountability[40]. - The board consists of eight directors, with the appointment of Ms. Li Lei as an executive director effective April 25, 2024[42]. - The company has established a governance framework to ensure compliance with listing rules and to maintain accountability and transparency in its operations[60]. - The board is responsible for approving all investment decisions and formulating the overall investment strategy and guidelines[55]. - The company has established a risk management and internal control system aimed at managing significant risks rather than eliminating them[76]. - The company has engaged an independent consultant to review the effectiveness of its risk management and internal control systems, with no significant deficiencies found[80]. Shareholder Relations - The company maintains open communication channels with shareholders, providing contact information for inquiries[104]. - The company holds an annual general meeting each year and may convene special meetings as necessary[101]. - The company recognizes the importance of timely and relevant information for shareholders and potential investors[99]. - Shareholders can request the company's public information at any time[103]. - The company encourages shareholders to access communications via its website to reduce environmental impact[102]. Employee Management - The company employed four staff members as of March 31, 2024, down from five in the previous year, with total employee compensation approximately HKD 2,607,000, a decrease from approximately HKD 3,132,000 in the prior year[36]. - Employee turnover rate decreased to 27% in 2024 from 58% in 2023[198]. - Total number of employees decreased to 11 in 2024 from 12 in 2023[197]. - The company maintains a focus on employee welfare, offering various paid leave options including annual leave, sick leave, and maternity leave[193]. - Employee compensation is regularly reviewed based on performance and market information to attract and retain talent[192]. Environmental, Social, and Governance (ESG) - The company is committed to adhering to all environmental and social policies relevant to its business operations[126]. - The board confirmed its responsibility for the integrity of the Environmental, Social, and Governance (ESG) report, which was approved on June 27, 2024[173]. - The company established an ESG task force composed of senior management to monitor and manage ESG matters, emphasizing the importance of a robust ESG framework for sustainability[177]. - The company aims to enhance data collection to improve ESG performance and disclose more relevant information regarding sustainable development[177]. - The company has identified six key ESG topics for focus, including occupational health and safety, employee development, and sustainable business practices[191]. Investment and Financing - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[15]. - The company is adopting a cautious approach towards potential investments and business development due to global economic uncertainties[11]. - There are currently no agreements or plans for significant investments or capital assets, but the company will consider future opportunities as they arise[16]. - The company has drawn a total of HKD 3,500,000 from loans provided by Everbright Goldstone, with an unused loan amount of HKD 9,000,000 as of March 31, 2021[18]. - The company has extended the loan agreements with Everbright Goldstone multiple times, with the latest extension pushing the maturity date to December 31, 2024[19]. Board Composition and Diversity - The board consists of six male and two female directors, reflecting a commitment to gender diversity[92]. - The company has established a board diversity policy, aiming for a minimum of 10% female directors, which has already been achieved[92]. - The board of directors includes over one-third independent members, ensuring high levels of independence and effective oversight[195]. - The company emphasizes the importance of gender diversity in the workforce as a source of sustainable competitive advantage, enhancing market insight, creativity, and problem-solving abilities[94]. Audit and Compliance - The audit committee, consisting of all independent non-executive directors, is responsible for reviewing financial statements and overseeing the company's financial reporting procedures[61]. - The Audit Committee held two meetings this year, with a 100% attendance rate from all members[62]. - The company has appointed KPMG as its auditor for the year, with the auditor's remuneration to be determined by the board[169]. - The company has not experienced any changes in auditors over the past three years[170].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported a net investment income of HKD 32,000, a decrease of 33.33% from HKD 48,000 in the previous year[2] - Total other income decreased significantly to HKD 40,000, down 67.64% from HKD 123,000 year-over-year[2] - The company's operating loss for the year was HKD 9,347,000, an improvement of 8.01% compared to an operating loss of HKD 10,161,000 in the previous year[2] - The pre-tax loss for the year was HKD 9,358,000, compared to HKD 10,172,000 in the prior year, indicating a 7.99% improvement[2] - The total comprehensive loss for the year was HKD 9,358,000, which is a decrease of 8.01% from HKD 10,172,000 in the previous year[2] - The company's net asset value decreased to HKD 12,898,000 from HKD 22,256,000, reflecting a decline of 42.99%[3] - Cash and cash equivalents decreased to HKD 18,057,000 from HKD 21,566,000, a reduction of 16.56%[3] - The company's total equity attributable to shareholders decreased to HKD 12,898,000 from HKD 22,256,000, a decline of 42.99%[3] - The company recorded an annual loss of approximately HKD 9,358,000 for the year ending March 31, 2024, a decrease of about HKD 814,000 compared to the loss of approximately HKD 10,172,000 for the previous year[29] - Net investment income for the year was approximately HKD 32,000, down from HKD 48,000 in the previous year, primarily due to fair value changes in financial assets[29] - General and administrative expenses for the year were approximately HKD 9,419,000, a reduction of about HKD 913,000 compared to the previous year, mainly due to a decrease in investment management fees[29] Shareholder Information - The basic and diluted loss per share remained at HKD 0.04, unchanged from the previous year[2] - The company's basic loss per share for 2024 was calculated based on a weighted average of 237,271,000 shares, consistent with the previous year[24] - No dividends were recommended for the year ending March 31, 2024, consistent with the previous year[27] - The company did not recommend the payment of dividends for the current year, indicating no dividends for 2023[41] Loans and Financial Agreements - The company entered into two loan agreements with Everbright Goldstone, with a maximum principal amount of HKD 2,500,000 and HKD 10,000,000, respectively, both interest-free and repayable within one year[39] - The outstanding loan amount from Everbright Goldstone as of March 31, 2024, was approximately HKD 4,030,000, including principal of HKD 4,000,000 and accrued interest of about HKD 30,000[43] - The company extended the loan maturity dates with Everbright Goldstone multiple times, with the latest extension pushing the due date to December 31, 2024[40] - The company has an unused loan amount of HKD 8,500,000 as of December 2023, which has been extended for withdrawal until December 31, 2024[40] Investment Activities - The company did not hold any significant investments as of March 31, 2024, and previously held approximately HKD 6,610,000 in U.S. Treasury bonds, which have matured[35] - The board is adopting a cautious approach towards any investment and business development due to global economic uncertainties and market volatility[34] - There are currently no plans for significant investments or capital assets, but the company will consider potential investment opportunities as they arise[38] - The company plans to conduct a rights issue in 2024 at a subscription price of HKD 0.11 per share, with the expected completion date on March 25, 2024[51] Economic Context - The Hang Seng Index declined by approximately 3.0% in the first quarter of 2024, reaching a low closing point of 14,961 on January 22, 2024[33] - The Hong Kong economy showed a recovery with a 2.7% year-on-year growth in GDP for the first quarter of 2024, despite a 1.1% decline in financial services output[33] Corporate Governance - The company has adhered to the corporate governance code and maintained high standards of corporate governance practices throughout the year[66] - The Audit Committee consists of three independent non-executive directors who reviewed the company's accounting principles and financial reporting matters[69] - The Audit Committee has reviewed the audited financial statements for the year[70] - The company confirmed compliance with the standards for directors' securities trading throughout the year[71] Employee Information - The company had four employees as of March 31, 2024, with total employee compensation of approximately HKD 2.607 million for the year[59] - Employee costs, including director remuneration, increased to HKD 4,835,000 in 2024 from HKD 4,676,000 in 2023, reflecting a rise of approximately 3.4%[19] Miscellaneous - The company has no capital commitments as of March 31, 2024[57] - There are no significant contingent liabilities or asset pledges as of March 31, 2024[55] - The company maintains a policy to keep foreign exchange risk at a relatively low level and does not use any derivative instruments for hedging purposes[54] - The company has not engaged in any acquisitions or disposals of subsidiaries, joint ventures, or associates during the year[36] - The company has not issued any securities under the 2024 rights issue, which has become ineffective[53] - The investment management agreement with INV Advisory Limited expired on May 31, 2023[64] - Ms. Chen resigned as Executive Director and Chair of the Investment Committee, with Mr. Lin appointed as the authorized representative[64] - Ms. Li was appointed as Executive Director and Chair of the Investment Committee effective April 25, 2024[65] - Financial costs from a shareholder's loan remained stable at HKD 11,000 for both 2024 and 2023[19] - Depreciation expenses for owned properties and equipment rose significantly to HKD 668,000 in 2024 from HKD 338,000 in 2023, marking a 97.6% increase[19] - The company recorded net bank interest income of HKD 40,000 in 2024, up from HKD 32,000 in 2023, representing a growth of 25%[17] - The fair value changes of financial assets measured at fair value through profit or loss decreased to HKD 32,000 in 2024 from HKD 48,000 in 2023, a decline of 33.3%[17] - The company did not recognize any income from government subsidies in 2024, compared to HKD 72,000 in 2023[17] - The total amount raised from the 2022 rights issue was approximately HKD 43.8 million, with a net amount of about HKD 41.7 million after expenses[48] - As of March 31, 2024, the unutilized net proceeds from the 2022 rights issue amounted to approximately HKD 17.2 million, which is held in a licensed bank in Hong Kong[48] - The proposed use of the net proceeds includes HKD 5.1 million for repaying loans and related interest, HKD 27.2 million for future investments and business development, and HKD 9.4 million for general working capital[48]

Financial Performance - For the six months ended September 30, 2023, the company reported a net investment income of HKD 32,000, compared to a loss of HKD 7,000 in the same period of 2022[6]. - Total revenue for the period was HKD 24,000, down 77.6% from HKD 107,000 in the previous year[6]. - Operating loss for the period was HKD 4,743,000, an improvement from a loss of HKD 5,100,000 in the prior year, representing a 7% decrease in losses[6]. - The company reported a total comprehensive loss of HKD 4,749,000 for the period, compared to HKD 5,106,000 in the same period last year, indicating a 7% reduction in losses[6]. - The company incurred a pre-tax loss of approximately HKD 4,749,000 for the six months ended September 30, 2023, compared to a loss of HKD 5,106,000 in the prior year[28]. - The company recorded a loss of approximately HKD 4,749,000 for the period, an improvement from a loss of HKD 5,106,000 in the same period last year, primarily due to net investment income and reduced general and administrative expenses[50]. - Net investment income for the period was approximately HKD 32,000, compared to a net investment loss of HKD 7,000 in the same period last year[50]. - General and administrative expenses for the period were approximately HKD 4,799,000, a decrease of about HKD 400,000 from the previous year, mainly due to reduced legal, professional, and investment management fees[50]. Assets and Liabilities - Cash and cash equivalents at the end of the period increased to HKD 21,687,000 from HKD 21,566,000 at the beginning of the period, reflecting a slight increase[12]. - The company's total assets decreased to HKD 22,361,000 from HKD 28,917,000, a decline of 22.6%[7]. - Current liabilities decreased to HKD 5,022,000 from HKD 7,329,000, a reduction of 31.5%[7]. - The company's total equity decreased to HKD 17,507,000 from HKD 22,256,000, a decline of 21.3%[7]. - The net asset value per share decreased to HKD 0.07 from HKD 0.09, a decline of 22.2%[7]. - The company reported a decrease in deposits and prepayments from HKD 741,000 as of March 31, 2023, to HKD 674,000 as of September 30, 2023[36]. - As of September 30, 2023, the company had a loan from a shareholder amounting to HKD 4,025,000, which is due for repayment by December 31, 2023[44]. - Loans from a controlling shareholder amounted to approximately HKD 4,025,000 as of September 30, 2023, including principal and accrued interest[59]. Cash Flow - The company generated a net cash inflow from operating activities of HKD 99,000, a significant recovery from a cash outflow of HKD 6,875,000 in the previous year[12]. - As of September 30, 2023, the company's cash and bank balances were approximately HKD 21,687,000, slightly up from HKD 21,566,000 on March 31, 2023[60]. Shareholder Information - The total number of issued ordinary shares as of September 30, 2023, was 237,271,250 shares, unchanged from March 31, 2023[73]. - The average number of ordinary shares outstanding remained stable at 237,271,250 for both periods[28]. - Major shareholders include Everbright Goldstone International with 37.14% ownership, and Treasure Isle Global Limited with 10.94% ownership[85]. - The company has a total of 237,271,250 shares issued as of September 30, 2023, which is the basis for calculating the ownership percentages[85]. Rights Issue - The company completed a rights issue resulting in net proceeds of approximately HKD 41.7 million, enhancing its capital base without increasing debt[61]. - The total amount raised from the rights issue (including placement) was approximately HKD 43.8 million, with a net amount of approximately HKD 41.7 million after expenses[64]. - As of March 31, 2023, the company issued 64,471,250 shares under the rights issue, with a total nominal value of HKD 6,447,125[65]. - As of September 30, 2023, the planned and actual use of the rights issue proceeds included HKD 5.1 million for loan repayment, HKD 27.2 million for future investments, and HKD 9.4 million for general working capital[67]. - The unutilized net proceeds from the rights issue as of September 30, 2023, amounted to approximately HKD 17.2 million, which is expected to be used by March 31, 2024[68]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the listing rules during the reporting period[87]. - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting and risk management[92]. - The company is committed to high standards of corporate governance, aligning with the best interests of shareholders[87]. Other Information - The company did not declare an interim dividend for the current period, consistent with the previous year[29]. - The company has not adopted any new accounting standards that would significantly impact its financial performance for the current period[17]. - The company has not made any acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[56]. - The company did not engage in any significant capital expenditures during the reporting period[71]. - There were no significant events requiring disclosure after September 30, 2023, up to the date of the unaudited interim report[91]. - The investment management agreement expired on May 31, 2023, and there were changes in executive roles within the company[89]. - The company has not reported any other major interests or short positions held by directors or key executives as of September 30, 2023[86]. - No significant new products or technologies were mentioned in the current report[90].

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，並明確表示概不就本公告全部或 任何部分內容而產生或因依賴有關內容而引致之任何損失承擔任何責任。 金石資本集團有限公司 GOLDSTONE CAPITAL GROUP LIMITED （於百慕達註冊成立之有限公司） （股份代號：1160） 截至二零二三年九月三十日止六個月之 中期業績 金石資本集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 截至二零二三年九月三十日止六個月（「本期間」）之未經審核中期業績，連同二 零二二年同期之比較數字。 簡明損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 淨投資收益╱（虧損） 4 32 (7) 其他收入 5 24 107 一般及行政開支 (4,799) (5,200) 經營虧損 (4,743) (5,100) ...

Financial Performance - The company reported an annual loss of approximately HKD 10,172,000 for the year ending March 31, 2023, an increase of HKD 4,137,000 compared to a loss of HKD 6,035,000 in the previous year[6]. - Net investment income for the year was approximately HKD 48,000, a significant decrease from HKD 474,000 in the previous year, primarily due to fair value changes in financial assets[6]. - General and administrative expenses increased to approximately HKD 10,332,000, up HKD 2,742,000 from the previous year, mainly due to higher employee costs, lease expenses, and printing costs[6]. - As of March 31, 2023, the company's cash and bank balances were approximately HKD 21,566,000, down from HKD 40,091,000 in the previous year[21]. - The company does not recommend paying dividends for the current year, consistent with the previous year[20]. - The company's debt-to-asset ratio remains stable at approximately 0.1, indicating a low level of leverage[21]. - The company raised approximately HKD 43.8 million from the rights issue, with a net amount of about HKD 41.7 million after expenses[24]. - The company completed a rights issue, raising approximately HKD 41.7 million by issuing 64,471,250 shares at a subscription price of HKD 0.68 per share[23]. - The company has no plans for significant investments or capital assets as of the report date, but will consider future opportunities[17]. Economic Environment - The Hang Seng Index fell by approximately 15.5% in 2022, reflecting the economic pressures faced by Hong Kong[8]. - The Hong Kong economy contracted by 4.2% year-on-year in the fourth quarter of 2022, with an overall decline of 3.5% for the year[8]. - The company anticipates that the easing of COVID-19 restrictions in China will lead to a faster recovery of work and life, strengthening the internal driving force of the Chinese economy[8]. - The ongoing geopolitical tensions between the US and China may continue to impact economic recovery to some extent, but reopening borders is expected to boost global demand[8]. - Hong Kong's economy showed a recovery in Q1 2023, with a GDP growth of 2.7% year-on-year after a contraction of 4.1% in the previous quarter[10]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the listing rules[39]. - The board consists of eight directors, with changes in appointments noted throughout the year[41]. - The company has established mechanisms to ensure the independence of the board and compliance with relevant regulations[43]. - The board of directors has adopted a nomination policy that outlines the standards and procedures for nominating suitable candidates to the board[44]. - The nomination committee evaluates candidates based on multiple criteria, including character, qualifications, and independence as per listing rules[45]. - The board held a total of six meetings during the year, with attendance rates for individual directors ranging from 50% to 100%[53]. - The company has established clear distinctions between the responsibilities of the board and management, with the board overseeing business performance and strategy[48]. - Independent non-executive directors can meet with executive directors independently to discuss operational matters[49]. - The nomination committee will regularly review the nomination policy to ensure its ongoing effectiveness[46]. - The company provides directors with comprehensive information to make informed decisions regarding performance and prospects[49]. Risk Management - The company maintains a robust risk management and internal control system aimed at achieving business objectives and safeguarding assets[73]. - The risk management system includes defined management structures, clear reporting methods, and regular financial reporting to manage identified risks effectively[74]. - The company has implemented a risk rating model categorizing risks as high, medium, or low, to prioritize risk management resources[76]. - The company has adopted a continuous risk assessment and management approach to identify, assess, and manage significant risks that may affect its objectives[76]. - An independent consultant was hired to review the effectiveness of the risk management and internal control systems, with no significant deficiencies found[77]. Environmental, Social, and Governance (ESG) - The company has established a dedicated Environmental, Social, and Governance (ESG) department to integrate ESG elements into its operations[182]. - The board of directors is responsible for setting the company's ESG management policies, strategies, and objectives[185]. - The company aims to enhance its ESG performance and disclose more relevant information on sustainable development[182]. - The ESG report covers key performance indicators related to environmental and social aspects of the company's operations in Hong Kong[177]. - The company has committed to balancing shareholder interests with social responsibilities[182]. - The ESG report was approved by the board on June 29, 2023, ensuring its completeness and fairness[178]. - The ESG framework is designed to ensure clear responsibilities and systematic management of ESG matters[183]. - Stakeholder engagement is a critical part of the company's business management, allowing for the identification of risks and opportunities[188]. - The company will continue to strengthen data collection efforts to improve ESG performance[182]. Shareholder Communication - The company maintains open communication channels with shareholders to gather feedback and address inquiries[104]. - The annual general meeting is held once a year, with special meetings convened as necessary[101]. - The company ensures timely and balanced information dissemination to shareholders and potential investors[99]. - Shareholders can request the company’s public information at any time[103]. - The company encourages shareholders to access communications via its website to reduce environmental impact[102]. Board Diversity and Employee Relations - The company has a board diversity policy, aiming for over 10% female representation on the board in the coming years, with currently six male and one female director[90]. - The gender ratio of employees, including senior management, is 7 males to 5 females, indicating progress in gender diversity compared to last year's ratio of 5 males to 5 females[94]. - The company emphasizes that gender diversity contributes to sustainable competitive advantages, including market insights and improved problem-solving capabilities[94]. - Employee development and training are prioritized, with a focus on improving occupational health and safety, and enhancing compensation and benefits systems[191]. - The company provides competitive compensation and benefits to attract and retain talent, regularly reviewing remuneration based on performance and market information[198]. - Equal opportunity and anti-discrimination policies are strictly adhered to, ensuring fair recruitment and employment practices[200]. - The company aims to provide a fair working environment and considers employee feedback to enhance workplace productivity[198]. - The company implements standardized management of employee work-life balance, offering various paid leave options beyond statutory holidays[199]. Audit and Compliance - The audit committee consists of three independent non-executive directors, overseeing the financial reporting and internal control systems[169]. - The audit committee conducted two meetings during the year, with all members achieving a 100% attendance rate[60]. - The company confirmed that it has sufficient resources to continue its operations for the foreseeable future, adhering to the going concern basis for financial reporting[58]. - The audit committee reviewed and monitored the company's financial reporting procedures and internal control systems[59]. - The company has established policies and practices regarding corporate governance, which are regularly reviewed[61]. - The audit committee has been provided with adequate resources to fulfill its responsibilities[62]. - The company has ensured compliance with listing rules and timely publication of financial statements[58]. - The board of directors is responsible for preparing financial statements that fairly reflect the company's affairs in accordance with applicable accounting standards[58]. Director Appointments and Changes - Huang Bin was appointed as a non-executive director on October 11, 2022, and has extensive experience in fund and asset management, investment banking, and direct investment[107]. - Chen Huaiyuan joined as a non-executive director on April 1, 2022, and has a background in strategic consulting for SMEs and research institutions[110]. - Lin Jin was appointed as a non-executive director on August 1, 2022, and has over 30 years of experience in business management and liaison between Hong Kong and mainland China[112]. - Xu Lin became a non-executive director on December 1, 2022, and has held various senior positions in major companies, contributing to his extensive management experience[113]. - Hong Haiming was appointed as an independent non-executive director on August 1, 2022, with approximately 18 years of experience in corporate finance, mergers, and acquisitions[116]. Related Party Transactions - The company confirmed compliance with the relevant provisions of the Listing Rules regarding related party transactions[166]. - The company has not established any service contracts with directors that cannot be terminated by the company within one year without compensation[143]. - The company has entered into a lease agreement with China Xinhua starting December 1, 2022, with a monthly rent of HKD 100,000, totaling HKD 400,000 for the year[165]. - The investment management agreement with INV Advisory was established in May 2020, with an annual fee of HKD 1,620,000, and the total management fees paid in the year amounted to HKD 1,620,000[160]. - The company has not entered into any arrangements that allow directors to benefit from the subscription of shares or bonds of the company or any other entity during the year[148]. - The company has not made any charitable donations during the fiscal year, maintaining a record of zero donations from the previous year[135]. - There were no purchases, sales, or redemptions of the company's own shares during the fiscal year, aside from disclosed transactions[136].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 金石資本集團有限公司 GOLDSTONE CAPITAL GROUP LIMITED （於百慕達註冊成立之有限公司） （股份代號：1160） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 業 績 公 告 金石資本集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 截至二零二三年三月三十一日止年度（「本年度」）之經審核業績，連同截至二零 二二年三月三十一日止年度之比較數字如下： 損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 淨投資收益 4 48 474 其他收入淨額 5 123 1,216 一般及行政開支 (10,332) (7,590) 經營虧損 (10,161) (5,900) 財務成本 6(a) (11) (135) 除稅前虧損 6 (10,172) (6,035) ...

Financial Performance - For the six months ended September 30, 2022, the company reported a net loss of HKD 5,106,000 compared to a net loss of HKD 3,230,000 for the same period in 2021, representing a 58% increase in losses[8] - Total revenue for the period was HKD 107,000, a significant increase from HKD 11,000 in the previous year, marking a 872% growth[8] - Operating loss for the six months was HKD 5,100,000, compared to an operating loss of HKD 3,225,000 in the prior year, indicating a 58% increase in operating losses[8] - Basic and diluted loss per share for the period was HKD 0.0215, compared to HKD 0.0187 in the previous year, reflecting a 15% increase in losses per share[8] - The company recorded a loss of approximately HKD 5,106,000 for the six months ended September 30, 2022, compared to a loss of approximately HKD 3,230,000 for the same period in 2021, representing an increase in loss of about HKD 1,876,000[53] - The net investment loss for the period was approximately HKD 7,000, while the same period in the previous year reported a net investment gain of approximately HKD 474,000[53] - General and administrative expenses for the period amounted to approximately HKD 5,200,000, an increase of about HKD 1,490,000 compared to the same period last year, primarily due to increased legal and professional fees, director remuneration, and employee costs[53] Cash and Assets - Cash and cash equivalents at the end of the period were HKD 28,307,000, down from HKD 40,091,000 at the beginning of the period, reflecting a decrease of 29.4%[19] - Current assets totaled HKD 33,792,000, a decrease of 16.5% from HKD 40,544,000 as of March 31, 2022[10] - The company's net asset value was HKD 27,322,000, down from HKD 32,428,000, representing a decline of 15.8%[10] - As of September 30, 2022, the company's cash and bank balance was approximately HKD 28.3 million, down from HKD 40.1 million as of March 31, 2022[62] - The company reported a total of HKD 541,000 in deposits and other receivables as of September 30, 2022, compared to HKD 453,000 as of March 31, 2022, reflecting a 19.4% increase[39] Liabilities and Equity - Current liabilities decreased to HKD 6,472,000 from HKD 8,123,000, a reduction of 20.3%[10] - The company has a debt-to-asset ratio of approximately 0.1 as of September 30, 2022, consistent with the ratio as of March 31, 2022[62] - The company has drawn down HKD 4 million from loans provided by a controlling shareholder, with an outstanding loan amount of approximately HKD 4.015 million as of September 30, 2022[62][61] Investments - As of September 30, 2022, the company held investments in U.S. Treasury securities valued at HKD 4,944,000[32] - The company views U.S. Treasury bonds as a low-risk investment and will adjust its holdings based on market conditions[59] - The company’s investment in U.S. Treasury securities is viewed as a low-risk investment, providing stable interest income[35] - The company had approximately HKD 4,944,000 in U.S. Treasury securities measured at fair value, classified as Level 1 in the fair value hierarchy[45] Corporate Actions - The company did not declare an interim dividend for the period, consistent with the previous year[31] - The company has not reported any new product developments or market expansions during this period[21] - The company has not made any acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[59] - The company has not entered into any agreements for significant investments or capital assets during the period, but will consider future opportunities[77] - The company has no capital commitments or contingent liabilities as of September 30, 2022[70][72] - No significant capital expenditures were made during the period, consistent with the previous six months[76] - The company has not repurchased, sold, or redeemed any of its shares during the period[75] - The company will conduct feasibility studies for any potential investment opportunities that may arise in the future[77] Governance and Management - The company changed its name from "Youth Champ Financial Group Holdings Limited" to "Goldstone Capital Group Limited" effective August 19, 2022[91] - The company has complied with the corporate governance code as per the listing rules during the period[89] - There were changes in the board of directors, including new appointments and resignations effective from various dates in 2022[93] - The Audit Committee, consisting of three independent non-executive directors, reviewed the company's accounting principles and financial reporting matters[97] Economic Outlook - The company anticipates that the Hong Kong economy may recover in the third quarter of 2023 after the end of the interest rate hike trend[54] - The Hang Seng Index has recorded a decline of over 25% since the end of the second quarter of 2022 due to weak economic prospects and high borrowing costs[54] - The company’s management expects that the economic recovery in Hong Kong will depend significantly on interest rates in both Hong Kong and the United States[54] - The company’s management highlighted that the financial environment has tightened significantly due to rising interest rates, posing challenges across various sectors[54] Employee Costs - The company’s employee costs, excluding directors' remuneration, increased to HKD 1,484,000 from HKD 1,098,000, representing a 35.2% rise[30] - As of September 30, 2022, the company had 6 employees, with total employee compensation amounting to approximately HKD 1,614,000, an increase from HKD 1,207,000 in the previous six months[81]

Financial Performance - The company recorded an annual loss of approximately HKD 6,035,000 for the year ending March 31, 2022, a decrease of about HKD 2,344,000 compared to the loss of HKD 8,379,000 in the previous year[6] - Net investment income for the year was approximately HKD 474,000, a significant recovery from a net investment loss of approximately HKD 938,000 in the previous year[6] - General and administrative expenses were approximately HKD 7,590,000, a reduction of about HKD 212,000 from the previous year, primarily due to lower consulting, depreciation, and legal fees[6] - The company received a final distribution of approximately HKD 906,000 from the liquidation of its only investment, the招商和騰科技基金II, L.P.[10] - The company reported a loss for the fiscal year ending March 31, 2022, with detailed cash flow and financial position available in the financial statements[112] - No dividends were recommended for the fiscal year, consistent with the previous year[113] - The company has no distributable reserves as of March 31, 2022, according to Bermuda company law[118] Capital and Investment Activities - The company successfully raised approximately HKD 41.7 million through a rights issue for investment and operational purposes[7] - The company anticipates utilizing funds raised through the rights issue for future investments and business development goals by March 31, 2023[7] - The company plans to use approximately HKD 27.2 million of the raised funds for future investments and business development, with a deadline for utilization by March 31, 2023[23] - The company has no current plans for significant investments or capital assets but is open to future opportunities funded by internal resources[13] - As of March 31, 2022, the company had drawn down HKD 4,000,000 from loans provided by a controlling shareholder, with an unused loan amount of HKD 9,000,000[14] - The company raised approximately HKD 43.8 million from the rights issue, with a net amount of approximately HKD 41.7 million after expenses[20] - A total of 64,471,250 shares were issued under the rights issue, with a total nominal value of HKD 6,447,125[21] Governance and Board Structure - The company has adopted a director nomination policy to ensure a diverse and qualified board, enhancing governance standards[36] - The board of directors held five meetings during the year, with attendance rates for key members ranging from 50% to 100%[45] - The company has established a nomination committee to regularly review its nomination policies to ensure ongoing effectiveness[38] - The board is responsible for formulating the company's development strategy and monitoring business performance[40] - Independent non-executive directors are tasked with participating in board meetings to make independent judgments on company strategy and performance[49] - The company provides full indemnity for directors against costs and liabilities incurred in the execution of their duties[48] - The board has a clear distinction between its responsibilities and those of the management team, with regular reviews of these arrangements[40] - The company has purchased liability insurance for directors and senior officers to provide protection against potential claims[48] - The nomination committee evaluates candidates based on established criteria to determine their suitability for board positions[37] - All directors are provided with comprehensive information to make informed decisions regarding the company's performance and outlook[41] - The board of directors is responsible for ensuring the financial statements reflect a true and fair view of the company's affairs, confirming adequate resources for continued operations in the foreseeable future[50] Audit and Compliance - The Audit Committee held two meetings this year, with a 100% attendance rate from all members[52] - The Remuneration Committee conducted three meetings this year, focusing on the company's remuneration policies and specific compensation for directors and senior management[57] - The Nomination Committee held three meetings this year, addressing matters related to the appointment, retirement, and re-election of directors[59] - The company has established an audit committee in accordance with Listing Rule 3.21, comprising non-executive directors and four independent non-executive directors to oversee financial reporting and internal control systems[147] - The company confirms that all related party transactions have complied with the relevant provisions of the Listing Rules[144] - The company is required to hold an annual general meeting each year and may hold special meetings as necessary[90] - The company has appointed KPMG as its auditor for the year, with the financial statements audited and eligible for reappointment at the upcoming annual general meeting[150] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to enhancing its environmental, social, and governance (ESG) performance and has established a dedicated ESG function to integrate these elements into its operations[157] - The board is responsible for setting the company's ESG management policies, strategies, and objectives, ensuring the effectiveness of the internal control systems[160] - The company emphasizes stakeholder engagement to understand their perspectives and align business practices with their expectations[162] - The ESG report covers key performance indicators related to the company's operations in Hong Kong, reflecting its commitment to transparency and accountability[152] - The company aims to balance shareholder interests with social responsibilities, enhancing data collection for better ESG performance disclosure[157] - The ESG report was approved by the board on June 29, 2022, confirming its completeness and fairness in presenting the company's ESG performance[153] Employee Relations and Development - The total number of employees increased from 8 in 2021 to 10 in 2022, with a 25% employee turnover rate[174] - Male employees increased from 2 to 5, while female employees decreased from 6 to 5[174] - The employee turnover rate for full-time employees was 25% in 2022, compared to 13% in 2021[174] - The company aims to maintain an acceptable employee turnover rate to effectively accumulate professional knowledge and experience[174] - The company emphasizes competitive compensation and benefits to attract and retain talent[170] - The company has established a standardized management system for employee work hours, holidays, and rest periods[171] - The company strictly adheres to equal opportunity and anti-discrimination laws in its hiring practices[172] - The company prioritizes employee health and safety, providing training and improving career advancement mechanisms[170] - The company provided training to 100% of employees, with an average training duration of 24.5 hours per employee in the reporting year[188] - The average training hours for male employees increased from 15.0 hours in the previous year to 17.0 hours in the reporting year[188] - Female employees received an average of 32.1 training hours, up from 19.5 hours in the previous year[188] Community Engagement and Social Responsibility - Community investment focuses on social welfare and environmental issues, with initiatives to support local community sustainability[200] - Employees are encouraged to participate in community activities and charitable events, with flexible working hours to balance work and family needs[200] - The company supports employee participation in civic duties and encourages donations to non-profit organizations[200] - The company has a commitment to environmental sustainability, including participation in initiatives like Earth Hour 2022[200] - The company evaluates potential investments considering environmental, social, and governance factors to create shared value for the community and stakeholders[199]

Financial Performance - For the six months ended September 30, 2021, the net investment income was HKD 474,000, compared to a loss of HKD 9,000 in the same period of 2020, indicating a significant recovery [15]. - Total revenue for the period was HKD 485,000, down 63.46% from HKD 1,310,000 in the previous year [15]. - Operating loss for the period was HKD 3,225,000, an improvement from a loss of HKD 4,112,000 in the same period of 2020, reflecting a 21.56% reduction in losses [15]. - The company reported a loss before tax of HKD 3,230,000, compared to a loss of HKD 4,126,000 in the prior year, showing a 21.69% improvement [15]. - Basic and diluted loss per share was HKD 1.87, an improvement from HKD 2.39 in the same period of 2020 [15]. - The company reported a net loss of approximately HKD 3,230,000 for the six months ended September 30, 2021, compared to a net loss of HKD 4,126,000 for the same period in 2020, representing a 21.8% improvement in losses year-over-year [33]. - The company recorded other income of HKD 11,000 for the six months ended September 30, 2021, compared to HKD 130,000 in the same period of 2020, indicating a decrease of approximately 91.5% [5]. - The company incurred legal and professional fees of HKD 531,000 for the six months ended September 30, 2021, down from HKD 795,000 in the same period of 2020, a decrease of approximately 33.3% [43]. - General and administrative expenses for the period were approximately HKD 3,710,000, a decrease of about HKD 523,000 compared to the previous year [80]. Assets and Liabilities - Total current liabilities decreased to HKD 3,547,000 from HKD 5,521,000 as of March 31, 2021, indicating improved liquidity [20]. - The total assets less current liabilities showed a net liability of HKD 2,449,000, an improvement from HKD 3,223,000 in the previous period [20]. - Non-current liabilities increased to HKD 4,004,000, reflecting new borrowings from a holding company [20]. - The company's capital deficit increased to HKD 6,453,000 from HKD 3,223,000, indicating ongoing financial challenges [20]. - The company’s total liabilities as of September 30, 2021, amounted to HKD 6,453,000, indicating a significant financial obligation [33]. - The company's debt-to-asset ratio was approximately 3.6 as of September 30, 2021, compared to 1.5 as of March 31, 2021 [90]. - The company’s loan from a parent company increased to HKD 4,004,000 as of September 30, 2021, compared to HKD 3,500,000 as of March 31, 2021 [72]. - The loans from the controlling shareholder amounted to approximately HKD 4,004,000 as of September 30, 2021, an increase from HKD 3,500,000 as of March 31, 2021, and are due for repayment by December 31, 2022 [90]. Cash Flow and Liquidity - The company’s cash and cash equivalents decreased by HKD 616,000 during the period, with a closing balance of HKD 711,000 compared to HKD 4,105,000 at the beginning of the period, reflecting a 82.7% reduction in cash reserves [26]. - Cash and cash equivalents decreased to HKD 711,000 as of September 30, 2021, down from HKD 1,327,000 as of March 31, 2021, reflecting a decline of approximately 46.5% [56]. - The company has an unused loan amount of HKD 8,500,000 from its controlling shareholder, Renown Future Limited, which is expected to support future liquidity needs [33]. Investment Activities - The company’s operations are primarily focused on investment activities, with all revenue and performance contributions derived from these activities mainly conducted in Hong Kong [38]. - The company held no investments as of September 30, 2021, following the liquidation of its investment in the fund [51]. - The company exited its investment in the closed-end fund, realizing approximately USD 117,000 (equivalent to about HKD 906,000) from the liquidation of the investment [82]. - The company confirmed a net realized investment gain of approximately HKD 474,000 from the liquidation of its investment in the fund during the period [50]. - The company received a final distribution of approximately HKD 906,000 from the liquidation of the investment in the fund during the period [85]. Corporate Governance - The company has adopted corporate governance principles in compliance with the corporate governance code [116]. - The audit committee consists of three independent non-executive directors who reviewed the company's accounting principles and financial reporting [120]. - The audit committee reviewed the unaudited interim financial statements for the period [121]. - The company has complied with the standards of the "Code of Conduct for Directors" throughout the period [119]. - The company is committed to maintaining high levels of corporate governance practices [116]. Future Outlook and Strategies - The company is focusing on improving operational efficiency and exploring new investment opportunities to enhance future performance [12]. - The company is considering various fundraising activities to strengthen its capital base, including private placements and public offerings [34]. - The board is considering various fundraising activities to strengthen the company's capital base, including private placements and public offerings [93]. - The company maintained a cautious investment approach due to uncertainties in the local stock market and global economic conditions [81]. - Forward-looking statements in the report are based on current market conditions and may differ significantly due to risks and uncertainties [122]. Shareholder Information - Major shareholders include Renown Future Limited with 51.00% ownership, and Treasure Isle Global Limited with 15.02% ownership [114]. - Renown Future Limited holds a beneficial interest of approximately 20% in the company [110]. - The total number of issued ordinary shares as of September 30, 2021, was 172,800,000, unchanged from March 31, 2021 [97]. - The company’s total issued and fully paid ordinary shares remained at 172,800,000 shares with a par value of HKD 0.10 each [59]. - The company did not declare an interim dividend for the period, consistent with the previous year [46]. - The company did not recommend any interim dividend for the reporting period [100]. Miscellaneous - The company has not adopted any new accounting standards that would significantly impact its financial performance for the current period [38]. - The company has not made any significant capital expenditures during the reporting period [95]. - The company has no major contingent liabilities or capital commitments as of September 30, 2021 [94][96]. - The company has not disclosed any other individuals with significant shareholdings as of September 30, 2021 [115]. - No share option scheme was in place during the reporting period [123].

Financial Performance - The company recorded an annual loss of approximately HKD 8,379,000 for the year ended March 31, 2021, a decrease of about HKD 1,836,000 compared to a loss of HKD 10,215,000 for the previous year[11]. - Net investment losses for the year were approximately HKD 938,000, compared to HKD 1,104,000 in the previous year, primarily due to unrealized fair value changes of financial assets measured at fair value through profit or loss[11]. - General and administrative expenses amounted to approximately HKD 7,802,000, a decrease of about HKD 1,308,000 from the previous year, mainly due to reduced employee costs and legal and professional fees[11]. - As of March 31, 2021, the company had cash and bank balances of approximately HKD 1,327,000, down from HKD 4,105,000 in 2020[25]. - The company has secured loans from a controlling shareholder, Renown Future Limited, totaling HKD 3,500,000, which must be repaid within one year[23]. - The company's debt-to-asset ratio is approximately 1.5, calculated based on total borrowings against total assets[25]. - The company does not recommend paying dividends for the current year, consistent with the previous year[24]. - The company reported a loss for the fiscal year ending March 31, 2021, with detailed financial performance available on pages 62 to 101 of the financial statements[134]. - No dividends were recommended for the fiscal year, consistent with the previous year[135]. Investment Management - The company held a 2.84% equity interest in the招商和騰科技基金II, L.P, with a fair value of approximately HKD 432,000, representing about 18.8% of the company's total assets[16]. - The company confirmed an unrealized investment loss of approximately HKD 938,000 related to its equity interest in招商和騰 for the year[16]. - No new investments were made during the year, focusing instead on managing existing investments[12]. - The company plans to actively raise funds for its investment management business in the next fiscal year, focusing on post-vaccine recovery and underperforming investment opportunities[13]. - The company has changed its investment manager and signed a new investment management agreement with INV Advisory Limited, effective from June 1, 2020, for an initial term of three years[20]. - The company has entered into a new investment management agreement with INV Advisory Limited, with an annual fee of HKD 1,620,000[163]. - The investment management agreement with EYDA was terminated on June 1, 2020, after an annual fee of HKD 800,000[163]. - The total management fees paid to INV Advisory during the year amounted to HKD 1,350,000[164]. - The custodian fees paid to DBS Bank for the year totaled HKD 46,500[168]. Corporate Governance - The board of directors held four meetings during the year, with a 100% attendance rate for all executive and independent non-executive directors[50]. - The company confirmed that it has sufficient resources to continue its operations for the foreseeable future, adhering to the going concern basis for financial statement preparation[59]. - The board is responsible for establishing and reviewing corporate governance policies and practices to ensure compliance with listing rules[58]. - Independent non-executive directors are tasked with participating in board meetings to make independent judgments on company strategy and performance[55]. - The company has purchased liability insurance for directors and senior officers to provide full indemnity for costs and liabilities incurred during their duties[54]. - The board is accountable for approving and implementing all investment decisions in line with the company's investment objectives and policies[49]. - The company has established an audit committee in accordance with Listing Rule 3.21, comprising non-executive directors and three independent non-executive directors, to review and supervise the financial reporting process and internal control systems[174]. - The company has established a governance structure in place, including various committees led by experienced directors[121][122]. - The roles of the Chairman and CEO are clearly separated to enhance independence and accountability within the company[98]. - The company provides ongoing training to directors on the latest developments in listing rules and corporate governance practices[102]. Risk Management - The company has implemented a continuous risk assessment and management approach to identify and manage significant risks affecting its objectives[95]. - An independent consultant was hired to review the effectiveness of the risk management and internal control systems, with no significant deficiencies found[96]. - The company has established a clear framework for risk management, including defined management structures and reporting methods[92]. - The risk management system aims to protect the company's assets from unauthorized use and ensure compliance with applicable laws and regulations[92]. - The company has a risk rating model to prioritize risk management resources based on the assessed significance and likelihood of risks[95]. ESG (Environmental, Social, and Governance) - The company is committed to enhancing its environmental, social, and governance (ESG) performance and has established a dedicated ESG function to integrate these elements into its business operations[188]. - The board of directors is responsible for formulating the company's ESG management policies, strategies, and objectives, ensuring the effectiveness of the ESG management and internal control systems[190]. - The senior management is tasked with guiding the company's ESG efforts, assessing risks and opportunities, and reporting significant ESG-related issues to the board[193]. - The company aims to improve its ESG performance by enhancing data collection and disclosing more relevant information on sustainable development[188]. - The ESG report covers the fiscal year ending March 31, 2021, and outlines the company's responsibilities and governance structure related to ESG[183]. - The company has adopted the principles and benchmarks set out in the ESG Reporting Guide under Appendix 27 of the Listing Rules to ensure a comprehensive understanding of its ESG efforts[182]. - The company is focused on identifying and verifying significant ESG issues through stakeholder engagement activities[185]. - The company has established a clear ESG governance structure with defined responsibilities to enhance systematic and standardized management of ESG matters[189]. Stakeholder Engagement - Stakeholder communication is crucial for understanding potential risks and opportunities, ensuring alignment with stakeholder needs and expectations[199]. - Key stakeholders include investors, employees, suppliers, government and regulatory bodies, the natural environment, and the community[199]. - The company engages with stakeholders through various channels to provide updates on development and operational direction[199]. - Investor engagement includes financial reports, shareholder meetings, and regular disclosures on business performance and governance[199]. - Employee development initiatives focus on training, career advancement, and improving health and safety standards[199]. - The company is committed to addressing labor rights and enhancing compensation and benefits systems for employees[199].