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].

Financial Performance - The total revenue for the year ended March 31, 2023, was HKD 246 million, an increase from HKD 220 million in the previous year, representing an increase of approximately 11.82%[2] - The gross profit for the year was HKD 82 million, compared to HKD 76 million in the previous year, reflecting a growth of 7.89%[2] - The net profit for the year was HKD 108 million, a significant recovery from a loss of HKD 412 million in the previous year[3] - The total comprehensive income for the year was HKD 72 million, compared to a loss of HKD 419 million in the previous year, indicating a turnaround in performance[3] - The basic earnings per share for the year was HKD 1.42, recovering from a loss of HKD 5.54 per share in the previous year[3] - The total segment profit before tax was HKD 114 million, with significant contributions from the lending and asset management segments[14] - The group reported a total of HKD 246 million in external revenue, with a segment performance of HKD 92 million after accounting for various expenses[15] - Other income, including rental income and interest from loans, increased to HKD 167 million, compared to HKD 152 million in 2022, reflecting a growth of 9.87%[20] - The company reported a decrease in rental income from construction machinery business, which fell from HKD 66 million in 2022 to HKD 56 million in 2023, a decline of approximately 15.2%[36] - The total interest expenses decreased to HKD 19 million from HKD 29 million in the previous year, indicating a reduction of 34.48%[26] Assets and Liabilities - The company's total assets increased to HKD 3,489 million from HKD 2,931 million, marking a growth of approximately 19.03%[5] - Non-current assets totaled HKD 1,758 million, up from HKD 1,517 million, representing an increase of about 15.87%[4] - Current liabilities rose to HKD 968 million from HKD 597 million, an increase of approximately 62.19%[6] - The company's equity increased to HKD 1,864 million from HKD 1,633 million, reflecting a growth of about 14.14%[8] - As of March 31, 2023, current assets were approximately HKD 1,731 million, an increase from HKD 1,414 million in 2022, while current liabilities rose to HKD 968 million from HKD 597 million[85] - The total bank borrowings increased from HKD 275 million in 2022 to HKD 297 million in 2023, representing a growth of about 8%[39] - The net debt decreased to HKD 867 million from HKD 979 million year-over-year, indicating a decline of about 11.4%[87] - The debt-to-equity ratio improved to 32% from 37% in the previous year, showing a positive trend in financial stability[87] Segment Performance - Total revenue from the construction machinery and spare parts rental and sales segment was HKD 225 million, while the repair and maintenance services segment generated HKD 8 million[15] - The lending business reported revenue of HKD 3 million, and the asset management and securities brokerage services contributed HKD 10 million to total revenue[15] - The financial services segment generated revenue of approximately HKD 10 million, a decrease from HKD 16 million in 2022, accounting for about 4% of total revenue compared to 7% in the previous year[52] - Total income from lending, asset management, securities brokerage, and other financial services was approximately HKD 13 million, a decrease of about HKD 20 million or 60% from HKD 33 million in 2022[71] Risk Management and Compliance - The company has implemented comprehensive policies and procedures for loan approval and monitoring to mitigate credit risk[56] - Credit risk assessment is conducted on a case-by-case basis, considering factors such as credit history, repayment ability, and collateral value[59] - The risk management department reviews each loan's risk level daily and reports to senior management, including the CEO and CFO, when necessary[60] - The company emphasizes compliance with applicable laws and regulations in its lending operations[57] - The company has maintained strict compliance with all relevant laws and regulations, including the Money Lenders Ordinance, with no objections or investigations reported during the year[62] Strategic Initiatives - The company acknowledges the growing global demand for natural resources and is actively seeking investment opportunities in China, Southeast Asia, and Africa[98] - The company plans to continue expanding its customer base and enhance its corporate financing advisory services, asset management services, and streamlined lending services[99] - The company is exploring land development projects in Cambodia, which is a key location for the Belt and Road Initiative, and is also identifying quality projects in Malaysia[100] Corporate Governance - The audit committee, consisting of four independent non-executive directors, is responsible for reviewing and supervising the group's financial reporting procedures and internal controls[104] - The auditor confirmed that the consolidated financial statements for the year are consistent with the audited figures[105] - The board expressed sincere gratitude for the efforts and contributions of management and all employees during the year[107]

Financial Performance - The Group recorded a profit of approximately HK$91 million for the Period, compared to a loss of approximately HK$78 million in the previous year[25]. - Total revenue for the Period was approximately HK$123 million, an increase from approximately HK$112 million in 2021[26]. - The profit for the period ended September 30, 2022, was HK$91 million, a significant improvement compared to a loss of HK$78 million in the same period last year[116]. - Basic earnings per share increased to 1.2 HK cents from a loss of 1.07 HK cents per share in the prior year[112]. - The company reported a profit before taxation of HK$93 million, a significant turnaround from a loss of HK$75 million in the previous year[112]. - The total comprehensive income for the period was HK$46 million, recovering from a loss of HK$92 million in the previous year[116]. - The company reported a total comprehensive loss of HK$45 million for the period, net of tax, compared to a loss of HK$14 million last year[116]. - The company incurred a total comprehensive loss for the period, with a reported loss of HK$22 million as of September 30, 2022[126]. Revenue Sources - Sales of construction machinery and spare parts generated approximately HK$25 million, while rental income from construction machinery was approximately HK$83 million, up from approximately HK$60 million in 2021[29]. - Revenue from asset management, securities brokerage, commodities, futures, and other financial services decreased by approximately HK$14 million, attributed to a reduction in loans receivables and a decrease in transaction value and volume[29]. - The total revenue from other sources, including asset management and financial services, was HK$90 million for the period[162]. - Interest income from money lending was HK$5 million, and margin financing generated an additional HK$2 million[162]. Operational Challenges - The construction industry in Hong Kong faced challenges due to COVID-19, but stable government infrastructure projects helped mitigate the impact[9]. - The overall business environment has been affected by high inflation rates and supply chain disruptions, impacting many enterprises globally[9]. - The Group maintained its operations despite the ongoing challenges posed by the COVID-19 pandemic and geopolitical tensions[9]. - The Group's focus remained on existing businesses while adapting to the changing market conditions[9]. - The interim report reflects the ongoing challenges and strategic responses of the Group in a volatile market environment[9]. Strategic Initiatives - The management emphasized the importance of reassessing and repositioning the business strategy in response to recent upheavals[9]. - The Group's strategy includes diversifying into financial services, property development, and construction machinery businesses[11]. - The Group aims to expand its client base in corporate financial advisory and asset management services while exploring share placement activities to enhance revenue streams[81]. - The Group recognizes the growing global demand for natural resources and is actively seeking investment opportunities in related projects in Southeast Asia and Africa[80]. Financial Position - As of September 30, 2022, the Group's current assets were approximately HK$1,486 million, while current liabilities were approximately HK$492 million[46]. - The Group's total borrowings decreased from approximately HK$1,070 million as of March 31, 2022 to approximately HK$912 million as of September 30, 2022[51]. - The gearing ratio improved from 37% as of March 31, 2022 to 28% as of September 30, 2022[51]. - The company reported a net cash inflow from operating activities of HK$94 million[127]. - The total cash and cash equivalents at the end of the period increased to HK$200 million, up from HK$176 million in the previous year[131]. Risk Management - The Group has established sufficient risk management procedures to control various types of risk within the organization[65]. - The Group continuously monitors foreign exchange risk and may enter into forward contracts on a case-by-case basis[63]. - The Group has adopted a credit policy for its money lending business, which includes compliance with applicable laws and regulations and credit assessments on potential borrowers[18]. Corporate Governance - The company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance during the reporting period[89]. - The company emphasizes effective corporate governance as crucial for enhancing shareholder value and protecting stakeholder interests[87]. - The Audit Committee is required to meet at least twice a year to oversee the financial reporting process[90]. Investments and Acquisitions - On October 28, 2022, the Group agreed to acquire 6% of China Pearl Global Limited for HK$255 million, with HK$50 million paid in cash and HK$205 million via a consideration note[66]. - The major asset of China Pearl Global Limited is a project company engaged in property investment in Quanzhou, Fujian, People's Republic of China[66]. - The Group has property development projects in Cambodia and Malaysia, with a special economic zone project in Cambodia covering 17,252,519 square meters[21]. Employee and Shareholder Information - As of September 30, 2022, the Group had 124 employees, a slight decrease from 127 employees as of March 31, 2022, and offers attractive remuneration packages including bonuses[70]. - The Board does not recommend the payment of any interim dividend for the Period, consistent with the previous year[74].

Sales and Revenue Performance - The Group recorded an increase in sales of construction machinery and spare parts, as well as rental income from construction machinery during the year, with an occupancy rate of approximately 85% for rental machineries [9]. - Total revenue for the Year was approximately HK$220 million, maintaining a similar level compared to the previous year [39]. - Sales of construction machinery and spare parts amounted to approximately HK$49 million, an increase from approximately HK$41 million in 2021 [39]. - Rental income from construction machinery generated approximately HK$128 million, up from approximately HK$100 million in 2021, attributed to increased government projects [39]. - The increase in revenue for the financial services business was mainly due to a rise in the value and volume of transactions in securities brokerage [23]. - Revenue from the financial services business was approximately HK$16 million, representing about 7% of the total revenue of the Group, with a segment profit of approximately HK$10 million, a significant improvement from a loss of approximately HK$51 million in the previous year [22]. Financial Services and Investments - The Group's financial services business includes money lending, securities investment, and asset management, among others [19]. - The Group holds licenses for conducting regulated activities under the Securities and Futures Ordinance, including money lending and asset management [22]. - Revenue from money lending, asset management, securities brokerage, commodities, futures, and other financial services decreased by approximately HK$38 million, or 54%, mainly due to a reduction in loans receivables [41]. - The fair value loss on financial assets at fair value through profit or loss (FVTPL) amounted to approximately HK$397 million for the year, with HK$148 million and HK$262 million related to investments in Riverwood and Tisé Opportunities SPC, respectively [47]. - The Group's investment strategy includes a focus on listed equities in the Greater China Region, as well as potential investments in ETFs and U.S. Treasury securities [47]. Economic Environment and Challenges - The macroeconomic environment remained challenging due to the ongoing COVID-19 pandemic, leading to economic recession and the highest unemployment rate in Hong Kong in the last two decades [9]. - The Group implemented precautionary measures to manage the impact of COVID-19, including remote work arrangements and daily COVID-19 testing for employees [16]. - The Group adopted a sound financial policy to navigate the complicated external environment and actively explored new development opportunities [9]. Losses and Financial Performance - The Group recorded a loss of approximately HK$412 million for the Year, compared to a profit of approximately HK$100 million in 2021 [38]. - Other net losses amounted to approximately HK$385 million, a significant increase from HK$20 million in the previous year, mainly driven by a fair value loss of approximately HK$397 million [53]. - The share of results of associates showed a loss of approximately HK$17 million, compared to a gain of approximately HK$169 million in the previous year [60]. Corporate Governance and Management - The Company has a diverse board with members holding significant experience in various sectors, enhancing its governance and strategic direction [122]. - The Board consists of three executive Directors, two non-executive Directors, and four independent non-executive Directors [138]. - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all Directors during the Year [131]. - The Group is committed to continuously improving its corporate governance practices through periodic reviews to meet CG Code requirements [130]. - The Board focuses on formulating overall strategies, approving annual development plans, and monitoring financial performance [135]. Strategic Initiatives and Future Plans - The Group is committed to streamlining existing businesses and exploring new business opportunities to create returns for shareholders [12]. - The Group aims to expand its client base in money lending and financial services, enhancing corporate financial advisory and asset management services [100]. - The Group is exploring business opportunities in Cambodia, leveraging its strategic location along the "One Belt, One Road" initiative [104]. - The Group plans to implement stringent cost control measures to maintain profitability during economic downturns [98]. Employee and Talent Management - The Group had 127 employees as of March 31, 2022, an increase from 120 employees in the previous year [92]. - The Group has adopted a share award scheme to attract and retain talent among its employees [92]. - All directors have participated in continuous professional development to enhance their knowledge and skills, with training provided throughout the year [162].