HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1341） 聯合公告 延遲寄發通函 茲 提 述 信 銘 生 命 科 技 集 團 有 限 公 司（「信銘生命科技」）日 期 為 二 零 二 四 年 十 月 二 十 五 日 及 二 零 二 四 年 十 一 月 二 十 六 日 之 公 告（「信銘生命科技 公 告」）及 昊 天 國 際 建 設 投 資 集 團 有 限 公 司 日 期 為 二 零 二 四 年 十 月 三 日 及 二 零 二 四 年 十 一 月 二 十 六 日 之 公 告（「昊天國際建設投資 公 告」）（統 稱「該 等公告」）。除 另 有 界 定 外，本 公 告 所 用 詞 彙 與 信 銘 生 命 科 技 公 告 所 界 定 者 具 有 相 同 涵 義。 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 ...

HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1341） 董事名單及其角色與職能 昊 天 國 際 建 設 投 資 集 團 有 限 公 司 董 事 會（「董事會」）包 含 下 列 九 名 董 事： 執行董事 霍志德先生 （行 政 總 裁） 鄧耀智先生 歐 志 亮 博 士， 太 平 紳 士（澳 洲） 非執行董事 許琳先生 姜洋女士 獨立非執行董事 麥耀棠先生 李智強先生 石禮謙先生 陳銘燊先生 董 事 會 設 有 三 個 委 員 會。各 董 事 委 員 會 的 成 員 如 下： | | 董事委員會 | 審 | 核 | 薪 | 酬 | 提 | 名 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董 事 | | 委員會 | | | 委員會 | 委員會 | | | 霍志德先生 | | | | | | 成 | 員 | | 歐志亮博士 | | | | 成 | 員 | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部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。 HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 ） （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 （股 份 代 號：1341） 委任非執行董事 有關姜女士 之 履 歷 詳 情 載 列 如 下： 姜 洋 女 士，52歲，彼 於 銀 行 業 擁 有 逾 二 十 三 年 的 經 驗，擁 有 豐 富 的 銀 行 授 信 管 理、風 險 管 理、運 營 管 理、國 際 結 算 等 業 務 及 管 理 經 驗。姜 女 士 自 一 九 九 二 年 至 二 零 一 五 年 期 間，曾 於 香 港 南 洋 商 業 銀 行 有 限 公 司 及 南 洋 商 業 銀 行（中 國）有 限 公 司 深 圳 分 行 擔 任 領 導 職 位。彼 現 於 本 集 團 ...

Revenue and Profitability - Revenue for the six months ended September 30, 2024, remained stable at HKD 86 million, unchanged from the same period in 2023[1] - Gross profit decreased slightly to HKD 31 million, down from HKD 32 million year-on-year[1] - The net loss for the period was HKD 81 million, an improvement from a net loss of HKD 85 million in the previous year[4] - The basic and diluted loss per share improved to HKD 0.93 from HKD 1.12 year-on-year[17] - The company reported a loss attributable to shareholders of HKD 71 million for the six months ended September 30, 2024, compared to a loss of HKD 85 million for the same period in 2023, representing a 16.5% improvement[152] - The company reported a pre-tax loss of HKD 82 million for the six months ended September 30, 2024[121] Assets and Liabilities - Total assets decreased to HKD 1,960 million from HKD 2,388 million as of March 31, 2024[20] - Current liabilities decreased to HKD 200 million from HKD 554 million, indicating improved liquidity[23] - Non-current assets totaled HKD 1,575 million, down from HKD 1,615 million[20] - The company's cash and cash equivalents decreased to HKD 56 million from HKD 100 million[20] - The company's equity attributable to owners decreased to HKD 1,165 million from HKD 1,236 million[28] Business Segments and Operations - The company operates five reportable segments, including construction machinery rental and sales, maintenance and transportation services, lending business, financial services, and property development[38][39] - For the six months ended September 30, 2024, the company reported external revenue of HKD 79 million, with a segment performance showing a pre-tax loss of HKD 80 million[54] - The company provides a range of financial services under its asset management and securities brokerage segment, regulated by the Securities and Futures Commission[39] - The company has a lending license and offers mortgage and personal loan services in Hong Kong[39] - The company’s construction machinery rental fleet includes various sizes of crawler cranes and other mobile cranes, with sales operations in Hong Kong and Macau[38] Financial Performance and Market Recognition - The company has been included in the Hang Seng Composite Index effective from September 9, 2024, reflecting high recognition of its business performance and value in the capital market[36] - The company’s inclusion in the Hang Seng Composite Index is expected to enhance its shareholder base and increase liquidity in its shares[36] - Interest income for the six months ended September 30, 2024, was HKD 86 million, compared to HKD 79 million for the same period in 2023, representing a 8.86% increase[134] Loan and Credit Management - The company is committed to adhering to comprehensive policies and procedures in its lending operations, ensuring compliance with regulations[168] - The credit risk assessment policy includes evaluating the borrower's identity, financial condition, and creditworthiness before loan approval[173] - The company aims to diversify its loan portfolio to mitigate concentration risk by providing loans to various borrowers without preference for specific types[174] - The risk management department reviews the risk levels of each loan daily and reports to senior management, including the CEO and CFO, under certain circumstances[180] - The company has a structured loan approval process that involves credit assessment and risk management review before final approval[178] Property Development Projects - The group holds a property development project in Cambodia, covering an area of 17,252,519 square meters for an economic zone, which is still in the preliminary stage[195] - In Malaysia, the group has another property development project located in Semenyih, covering 267,500 square meters, which is also in the preliminary stage[195] Other Financial Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024[150] - The company had no external customers contributing over 10% of total revenue during the reporting period[125] - The geographical market revenue for Hong Kong was HKD 86 million, consistent with the previous year[124] - The company incurred other losses of HKD 91 million for the six months ended September 30, 2024[144] - Financing costs for the period included interest expenses of HKD 69 million[147] - The estimated taxable profit for the period was not more than HKD 2,000,000, with a tax rate of 8.25% applied[148]

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：00474） Aceso Life Science Group Limited 信銘生命科技集團有限公司 HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就因本公告全部或任何部份內容所產生或因依賴該等內容而引起之任 何 損 失 承 擔 任 何 責 任。 （股 份 代 號：1341） 聯合公告 延遲寄發通函 茲 提 述 信 銘 生 命 科 技 集 團 有 限 公 司（「信銘生命科技」）日 期 為 二 零 二 四 年 十 月 二 十 五 日 之 公 告（「信銘生命科技公告」）及 昊 天 國 際 建 設 投 資 集 團 有 限 公 司 日 期 為 二 零 二 四 年 十 月 三 日 之 公 告（「昊天 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部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。 昊 天 國 際 建 設 投 資 集 團 有 限 公 司（「本公司」）董 事 會（「董事會」）欣 然 宣 佈，本 公 司 之 董 事 會 會 議 將 於 二 零 二 四 年 十 一 月 二 十 八 日（星 期 四）上 午 十一時正在香港灣仔港灣道6-8號瑞安中心25樓2510–2518室 舉 行，以（其 中 包 括）批 准 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 四 年 九 月 三 十 日 止 六 個 月 之 未 經 審 核 中 期 業 績 及 其 刊 發，及 考 慮 派 發 中 期 股 息（如 有）。 承董事會命 昊天國際建設投資集團有限公司 公司秘書 蕭鎮邦 HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 （於 開 曼 群 島 ...

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 246 million, compared to HKD 173 million for the previous year, representing an increase of 42.3%[2] - Gross profit decreased to HKD 64 million from HKD 82 million, reflecting a decline of 22%[2] - The net loss for the year was HKD 512 million, compared to a profit of HKD 108 million in the previous year, indicating a significant downturn[3] - The company's share of losses from associates increased to HKD 325 million from HKD 45 million, a rise of 622.2%[2] - The company reported a fair value loss on equity instruments of HKD 87 million, compared to HKD 23 million in the previous year[3] - The company reported a pre-tax loss of HKD 508 million, with no inter-segment sales changes during the reporting period[16] - The company recorded a pre-tax profit of HKD 114 million for the fiscal year ending March 31, 2024[18] - The company reported a financial asset impairment loss of HKD 37 million for 2024, compared to a reversal of HKD 28 million in 2023[18] - The group recorded a loss of approximately HKD 512 million this year, compared to a profit of approximately HKD 108 million in 2023[68] - Total revenue for the year was approximately HKD 173 million, down from approximately HKD 246 million in 2023, representing a decline of about 30%[68] Assets and Liabilities - Total non-current assets decreased to HKD 1,615 million from HKD 2,110 million, a reduction of 23.4%[4] - The company's total assets decreased to HKD 2,388 million from HKD 3,489 million, a drop of 31.5%[5] - The company's equity decreased to HKD 1,236 million from HKD 1,864 million, a decline of 33.7%[7] - Current liabilities decreased to HKD 554 million from HKD 968 million, a decline of 42.7%[6] - The total debt net of cash and cash equivalents is HKD 760 million, with total equity of HKD 1,236 million, resulting in a debt-to-equity ratio of 38% as of March 31, 2024, compared to 32% in 2023[83] - The group’s total assets and liabilities as of March 31, 2024, are approximately HKD 1,996 million, down from HKD 2,731 million in 2023[82] Revenue Breakdown - The company's external revenue for the fiscal year ending March 31, 2024, was HKD 173 million, a decrease of 29.8% from HKD 246 million in the previous year[18] - Revenue from lending, asset management, and other financial services was approximately HKD 10 million, a decrease of about 23% from approximately HKD 13 million in 2023[69] - The revenue from construction machinery and spare parts sales was HKD 157 million for 2024, compared to HKD 225 million in 2023, indicating a decrease of 30.2%[24] - Rental income from construction machinery was approximately HKD 136 million, down from approximately HKD 160 million in 2023, a decrease of about 15%[68] - The financial services segment generated approximately HKD 7 million in revenue, accounting for about 4% of total revenue, with a segment profit of approximately HKD 5 million[50] Employee and Operational Metrics - The company’s total employee costs for 2024 were HKD 56 million, down from HKD 62 million in 2023[27] - The construction machinery rental fleet maintained around 171 units, with ongoing upgrades to enhance the fleet's capabilities[49] - The utilization rate for construction machinery dropped to 85% this year, compared to 90% in 2023[68] - The group has 122 employees as of March 31, 2024, an increase from 117 employees in the previous year[91] Risk Management and Compliance - The company has established a comprehensive internal control manual governing its lending operations, ensuring compliance with applicable laws and regulations[56] - The company emphasizes the importance of thorough credit evaluations before granting loans, ensuring that all relevant factors are considered[57] - The risk management department conducts daily reviews of loan risk levels and reports recommendations to senior management, including the CEO and CFO[58] - The group maintains a prudent liquidity policy, ensuring a stable liquidity position throughout the year[88] - The group has established sufficient risk management procedures to identify and control various risks in the internal and external environment[89] Strategic Initiatives - The group has diversified its business strategy into financial services, property development, and construction machinery[48] - The group recognizes the growing global demand for natural resources and is investing additional resources to identify investment opportunities in related projects[93] - The company is actively seeking investment opportunities in Cambodia and Malaysia, capitalizing on the favorable investment environment and economic growth potential in these regions[96] - The strategic investor, Yitai, acquired an 18.37% stake in the company, which is expected to enhance market investor confidence and expand the shareholder base[93] Dividends and Shareholder Information - The company did not declare or pay any dividends for the fiscal year ending March 31, 2024, consistent with the previous year[29] - The group did not recommend a final dividend for the year, consistent with the previous year[92] - The weighted average number of ordinary shares issued increased from 7,586 million to 7,614 million[31] Financial Reporting Standards - The group has adopted new Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on financial performance or disclosures[10] - The group has applied the revised Hong Kong Accounting Standard No. 1, which replaces "major accounting policies" with "significant accounting policy information," without significant impact on financial performance[11]

Financial Performance - Revenue from the financial services business was approximately HK$2 million, a decrease from approximately HK$5 million in 2022, primarily due to a decline in transaction value and volume[6]. - As of September 30, 2023, the Group recorded a loss of approximately HK$85 million, compared to a profit of approximately HK$91 million in 2022[31]. - Total revenue for the Period was approximately HK$86 million, down from approximately HK$123 million in 2022, representing a decrease of about 30%[31]. - The Group's asset management, securities brokerage, and other financial services revenue decreased by approximately HK$6 million due to a decline in loans receivables and transaction volumes[41]. - The Group recognized an allowance for expected credit losses on financial assets of approximately HK$6 million, an increase from HK$2 million in the previous year, due to increased aging of overdue loan receivables[50]. - The Group's total comprehensive loss for the period was HK$127 million, compared to a total comprehensive income of HK$46 million in the previous year[111]. - The company reported a net foreign exchange loss of HK$2 million for the six months ended September 30, 2023, compared to a gain of HK$1 million in the same period of 2022[171]. - The company reported a change in fair value of financial assets at FVTPL of HK$(116) million for the six months ended September 30, 2023, compared to HK$(10) million in the same period of 2022[171]. Loan Portfolio and Credit Management - As of September 30, 2023, the Group had loans receivable with a carrying amount of approximately HK$41 million, down from HK$45 million as of March 31, 2023[7]. - The Group recorded interest income from loans receivable of approximately HK$2 million for the period, a decrease from HK$5 million in the same period of 2022[7]. - The Group has adopted a credit policy that includes compliance with applicable laws, credit assessment of potential borrowers, and determination of suitable interest rates based on risk levels[9]. - The Company offers both secured and unsecured loans, aiming to diversify its loan portfolio to lower concentration risk[9]. - The credit risk assessment is conducted on a case-by-case basis, considering factors such as credit history, capacity to repay, and collateral[9]. - The Group assesses the necessity and value of collateral for each loan on a case-by-case basis, considering repayment history and financial condition of the borrower[10]. - The Company closely monitors its loan portfolio through regular communication with borrowers and monthly assessments of collateral valuation, repayment track records, and borrower profiles[12]. - The risk management department reviews the risk level of each loan daily and reports to senior management, including the CEO and Financial Controller[12]. Construction Machinery and Rental Operations - The Group maintained approximately 170 units of construction machinery in its rental fleet during the period[6]. - The Group sells spare parts for maintenance purposes to meet customer needs[6]. - The Group sources construction machinery from manufacturers in Western Europe, Japan, and China[6]. - Rental income from construction machinery was approximately HK$68 million, down from approximately HK$83 million in 2022, reflecting a decrease of about 18%[40]. - Sales of construction machinery and spare parts were approximately HK$11 million, down from approximately HK$25 million in 2022, indicating a decrease of about 56%[40]. - The utilisation rate for rental machinery was approximately 85% during the Period[40]. - The rental machinery occupancy rate was approximately 85%[44]. Corporate Governance and Compliance - The Company has fully complied with the Corporate Governance Code, ensuring high standards of corporate governance to enhance shareholder value[92]. - The Audit Committee, comprising four independent non-executive Directors, reviews and supervises the financial reporting process and internal control system of the Group[92]. - The Company has complied with all relevant laws and regulations, including the Listing Rules and Money Lenders Ordinance, with no objections or investigations reported during the period[19]. - The Group's policy is to manage interest rate risk within an agreed framework to avoid undue exposure to significant interest rate movements[70]. Strategic Initiatives and Market Focus - The Group continues to diversify into financial services, property development, and construction machinery businesses[6]. - The Group has property development projects in Cambodia and Malaysia, with a special economic zone project in Cambodia covering an area of 17,252,519 square meters[31]. - Cambodia is identified as a key investment location with a highly liberalized market, and the Group aims to invest in various business sectors there to capitalize on emerging opportunities[91]. - Malaysia's GDP has been consistently rising, indicating strong investment potential, and the Group is actively seeking local high-quality projects along the "One Belt, One Road" regions[91]. - The Group aims to strengthen capital management and implement stringent cost control measures to maintain profitability during economic downturns[90]. Shareholder Information and Equity - As of September 30, 2023, the total number of shares issued is 7,619,770,721[93]. - The Group held approximately 26.6 million shares of Alliance International as of 30 September 2023[48]. - The Group held 77,500,000 shares of Oshidori International Holdings as of 30 September 2023, unchanged from 31 March 2023[61]. - The total interests of substantial shareholders are recorded in compliance with the Securities and Futures Ordinance[101]. - The company has a share option scheme with 100,000,000 shares available for grant as of both April 1, 2023, and September 30, 2023[107]. - The share award scheme has granted a total of 196,274,929 award shares to non-connected grantees and 65,475,610 to connected grantees[107]. Employee and Operational Metrics - The Group had 110 employees as of 30 September 2023, a decrease from 117 employees as of 31 March 2023[82]. - Administrative expenses increased by approximately 18% to HK$26 million, up from HK$22 million in the previous year[54]. - The Group's liquidity management includes a treasury policy aimed at lowering the cost of funds and monitoring funding at the Group level[65]. Financial Position and Assets - As of September 30, 2023, the Group's current assets were approximately HK$1,049 million, down from approximately HK$1,731 million as of 31 March 2023[65]. - The Group's total equity was HK$1,738 million as of 30 September 2023, down from HK$1,864 million as of 31 March 2023[66]. - Total assets as of September 30, 2023, were HK$2,780 million, down from HK$3,489 million as of March 31, 2023[113]. - The Group's total borrowings amounted to approximately HK$948 million as of 30 September 2023, compared to HK$972 million as of 31 March 2023[66].

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 86 million, a decrease of 30.1% compared to HKD 123 million for the same period in 2022[2] - Gross profit for the same period was HKD 32 million, down 25.6% from HKD 43 million in 2022[2] - The company reported a net loss of HKD 85 million for the six months ended September 30, 2023, compared to a profit of HKD 91 million in the previous year[3] - Basic loss per share for the six months ended September 30, 2023, was HKD (1.12), compared to earnings of HKD 1.2 per share in the previous year[30] - The group recorded a loss of approximately HKD 85 million for the period, compared to a profit of HKD 91 million in the same period last year[58] - Total revenue for the period was approximately HKD 86 million, down from HKD 123 million in the previous year, representing a decrease of about 30%[58] Segment Performance - For the six months ended September 30, 2023, the company reported segment revenues of HKD 79 million from construction machinery rental and sales, HKD 3 million from maintenance services, and HKD 2 million from lending services[17] - Revenue from sales of construction machinery and spare parts was HKD 11 million, down 56% from HKD 25 million in the previous year[22] - Revenue from maintenance and transportation services was HKD 3 million, a decrease of 40% from HKD 5 million in the previous year[22] - The financial services segment generated revenue of approximately HK$2 million for the period, down from HK$5 million in 2022, primarily due to a decline in trading value and volume[39] - Rental income from construction machinery was approximately HKD 68 million, down 18% from HKD 83 million in the previous year, with an occupancy rate of about 85%[59] Expenses and Losses - Administrative expenses increased to HKD 26 million from HKD 22 million year-on-year, reflecting a rise of 18.2%[2] - The company incurred a pre-tax loss of HKD 82 million for the six months ended September 30, 2023[15] - Other losses for the period amounted to approximately HKD 92 million, compared to other income of approximately HKD 71 million in the previous year[63] - The group recognized an expected credit loss provision of approximately HKD 6 million, an increase from HKD 2 million in the previous year[64] Assets and Liabilities - The total assets as of September 30, 2023, amounted to HKD 2,780 million, down from HKD 3,489 million as of March 31, 2023[8] - Current liabilities totaled HKD 425 million, a decrease from HKD 968 million as of March 31, 2023[9] - The company's equity attributable to shareholders decreased to HKD 1,570 million from HKD 1,695 million[9] - Non-current assets as of September 30, 2023, totaled HKD 1,359 million, an increase from HKD 1,367 million as of March 31, 2023[21] - The group’s total liabilities amounted to HKD 948 million as of September 30, 2023, down from HKD 972 million as of March 31, 2023[72] Cash and Financing - The company’s cash and cash equivalents were HKD 73 million, down from HKD 105 million in the previous period[8] - The group’s net debt was HKD 875 million as of September 30, 2023, compared to HKD 867 million as of March 31, 2023[72] - The group executed bond purchases amounting to approximately HKD 250 million and HKD 101 million on June 13 and June 29, 2023, respectively[12] - The group aims to manage interest rate risk through appropriate financing policies, including the use of bank loans and issuance of new shares[76] Risk Management and Compliance - The group has established sufficient risk management procedures to identify and control various risks in line with shareholder interests[79] - The group has implemented a credit risk assessment policy prior to granting loans, which includes background checks, financial information review, and creditworthiness evaluation[44] - The risk management department reviews the risk levels of each loan daily and reports to senior management, including the CEO and CFO, under certain circumstances[48] - The company closely monitors macroeconomic conditions and borrower announcements to assess credit risk[56] Corporate Governance and Future Outlook - The company has not provided specific guidance for future performance or new product developments in the announcement[10] - The management acknowledges ongoing geopolitical tensions and high inflation rates as challenges impacting the global economy and financial markets[84] - The company is committed to improving its corporate governance practices to enhance shareholder value and protect stakeholder interests[89] - The company plans to maintain its risk management policies and strengthen capital management while implementing strict cost control measures to sustain profitability during economic downturns[85]

Sales and Revenue Performance - The Group recorded an increase in sales of construction machinery and spare parts, primarily due to a rise in demand for environmentally friendly construction machinery, with a rental machinery occupancy rate of approximately 90%[9]. - The revenue for the financial services business was approximately HK$10 million, a decrease from approximately HK$16 million in 2022, representing about 4% of the total revenue of the Group[13]. - Total revenue for the Year was approximately HK$246 million, an increase from approximately HK$220 million in 2022[40]. - Sales of construction machinery and spare parts amounted to approximately HK$65 million, up from approximately HK$49 million in 2022, driven by increased demand for environmentally friendly construction machinery[40]. - Rental income from construction machinery was approximately HK$160 million, an increase from approximately HK$128 million in 2022, attributed to more government projects[40]. - Total revenue from money lending, asset management, securities brokerage, and other financial services decreased by approximately HK$20 million, or approximately 60%, to approximately HK$13 million in 2023 from approximately HK$33 million in 2022[47]. Financial Services and Loan Management - The financial services business aims to expand its presence in the financial markets of Hong Kong and Mainland China through organic growth or partnerships with reputable firms[9]. - The Group's financial services revenue represented approximately 4% of total revenue, down from 7% in 2022[13]. - The Group recorded interest income from loans receivable of approximately HK$3 million for the Year, a significant decrease from HK$17 million in 2022[16]. - The Group's expected credit loss (ECL) rate for loans receivable ranged from 3% to 61%, compared to 18% to 55% in 2022, reflecting varying risk characteristics[39]. - The reversal of provision for expected credit loss of loans receivables was HK$26 million, due to approximately HK$71 million recovered during the Year[39]. - The Group's money lending business is funded by its internal resources, with a total of 4 borrowers as of March 31, 2023[17]. - The company has implemented a credit risk policy that includes compliance with applicable laws, credit assessments, and the necessity of obtaining collateral[22]. - The company aims to diversify its loan portfolio to lower concentration risk and does not have a preference for specific types of borrowers[22]. Economic and Market Conditions - The macroeconomic environment faced challenges including geopolitical tensions, supply chain disruptions, and high inflation rates, impacting overall market conditions[8]. - The Group adopted a sound financial policy to navigate the complicated external environment and actively sought new development opportunities[8]. - The Group expressed confidence in the prospects of the financial markets in Hong Kong and Mainland China, indicating a positive outlook for future growth[9]. - The Group's strategic focus includes both cautious expansion in financial services and maintaining stability in construction machinery operations[9]. Corporate Governance and Management - The Company has adopted sound corporate governance principles emphasizing a quality Board, effective internal control, and stringent disclosure practices[103]. - The Board consists of three executive Directors, one non-executive Director, and four independent non-executive Directors as of the report date[111]. - The Company has complied with the Corporate Governance Code, except for the deviation from code provision C.2.1 regarding the separation of roles between chairman and chief executive[103]. - The Company emphasizes transparency and accountability to all Shareholders as part of its governance practices[103]. - The Company has maintained at least three independent non-executive Directors on the Board, representing at least one-third of the Board, ensuring strong independent judgment[115]. Risk Management and Compliance - The risk management department reviews the risk level of each loan daily and reports to senior management, including the CEO and Financial Controller[27]. - The company closely monitors its loan portfolio, including regular communication with borrowers and monthly assessments of collateral valuation[27]. - The Group has implemented a compliance management system to mitigate compliance risks associated with its financial services operations[162]. - The Company identifies and evaluates key risk factors affecting its objectives on a regular basis[143]. Employee and Stakeholder Relations - The Group's human resource management aims to reward performing staff with competitive remuneration and promote career development through training[151]. - The Group's success relies on support from key stakeholders, including employees, customers, subcontractors, and suppliers[150]. - As of March 31, 2023, the Group had 117 employees, a decrease from 127 employees as of March 31, 2022[85]. Investment and Development Projects - The Group has property development projects in Cambodia and Malaysia, with a special economic zone project in Cambodia covering 17,252,519 square meters[40]. - The property development project in Malaysia is a mixed-use development covering 267,500 square meters, still in preliminary stages due to COVID-19 impacts[40]. - The Group recognizes the growing global demand for natural resources and is seeking investment opportunities in related projects in China, Southeast Asia, and Africa[86]. - Cambodia is identified as a key investment location due to its economic transformation and liberalized market, with the Group exploring various business opportunities there[88]. Financial Performance and Shareholder Returns - The Group recorded a profit of approximately HK$108 million for the Year, compared to a loss of approximately HK$412 million in 2022[40]. - The Group's management emphasized the importance of streamlining existing businesses while exploring new opportunities to enhance shareholder returns[10]. - The Group does not recommend any final dividend for the year, consistent with the previous year[85]. - The Company has reserves available for distribution totaling approximately HK$1,749 million as of March 31, 2023[163].